SOGESCA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SOGESCA
Largest movements
- Cash +€6,102
up €6,102 (+31.0%), from €19,658 to €25,759
mainly Net result for the year (+€7,110) and Depreciation (+€6,976)
- Receivables within one year -€5,968
down €5,968 (-40.0%), from €14,916 to €8,948
of which Trade receivables: -€6,141
- Stocks and contracts -€795
down €795 (-19.4%), from €4,099 to €3,305
- Tangible fixed assets -€794
down €794 (-3.4%), from €23,164 to €22,369
of which Other tangible fixed assets: -€2,011
- Trade debts -€7,184
down €7,184 (-71.7%), from €10,013 to €2,830
- Profit (loss) carried forward +€7,110
up €7,110, from -€1,047 to €6,063
- Debts after one year -€5,800
down €5,800 (-33.3%), from €17,400 to €11,600
- Tax, wage and social debts +€2,296
up €2,296 (+14.3%), from €16,064 to €18,360
of which Taxes: +€2,181
- Other debts +€2,000
new in 2025: €2,000
- Staff costs -€6,849
down €6,849 (-7.5%), from €91,183 to €84,334
- Gross operating margin +€5,235
up €5,235 (+5.3%), from €97,975 to €103,210
- Taxes +€1,845
up €1,845 (+4851.4%), from €38 to €1,883
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,087 | €63,509 | -€1,578 | -2.4% |
| Fixed assets | 21/28 | €25,881 | €25,087 | -€794 | -3.1% |
| Tangible fixed assets | 22/27 | €23,164 | €22,369 | -€794 | -3.4% |
| Plant, machinery and equipment | 23 | €7,474 | €9,114 | +€1,640 | +21.9% |
| Furniture and vehicles | 24 | €2,412 | €1,990 | -€423 | -17.5% |
| Other tangible fixed assets | 26 | €13,277 | €11,266 | -€2,011 | -15.1% |
| Financial fixed assets | 28 | €2,717 | €2,717 | = | 0.0% |
| Current assets | 29/58 | €39,206 | €38,423 | -€784 | -2.0% |
| Stocks and contracts in progress | 3 | €4,099 | €3,305 | -€795 | -19.4% |
| Stocks | 30/36 | €4,099 | €3,305 | -€795 | -19.4% |
| Amounts receivable within one year | 40/41 | €14,916 | €8,948 | -€5,968 | -40.0% |
| Trade receivables | 40 | €14,188 | €8,047 | -€6,141 | -43.3% |
| Other amounts receivable | 41 | €728 | €901 | +€173 | +23.8% |
| Cash at bank and in hand | 54/58 | €19,658 | €25,759 | +€6,102 | +31.0% |
| Deferred charges and accrued income | 490/1 | €534 | €411 | -€124 | -23.1% |
| Total equity and liabilities | 10/49 | €65,087 | €63,509 | -€1,578 | -2.4% |
| Equity | 10/15 | €21,610 | €28,720 | +€7,110 | +32.9% |
| Contributions | 10/11 | €22,310 | €22,310 | = | 0.0% |
| Contributions outside capital | 11 | €22,310 | €22,310 | = | 0.0% |
| Other | 1109/19 | €22,310 | €22,310 | = | 0.0% |
| Reserves | 13 | €347 | €347 | = | 0.0% |
| Non-distributable reserves | 130/1 | €347 | €347 | = | 0.0% |
| Reserves not available under the articles | 1311 | €347 | €347 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,047 | €6,063 | +€7,110 | |
| Amounts payable | 17/49 | €43,477 | €34,789 | -€8,688 | -20.0% |
| Amounts payable after more than one year | 17 | €17,400 | €11,600 | -€5,800 | -33.3% |
| Financial debts | 170/4 | €17,400 | €11,600 | -€5,800 | -33.3% |
| Amounts payable within one year | 42/48 | €26,077 | €23,189 | -€2,888 | -11.1% |
| Trade debts | 44 | €10,013 | €2,830 | -€7,184 | -71.7% |
| Suppliers | 440/4 | €10,013 | €2,830 | -€7,184 | -71.7% |
| Taxes, remuneration and social security | 45 | €16,064 | €18,360 | +€2,296 | +14.3% |
| Taxes | 450/3 | €2,382 | €4,563 | +€2,181 | +91.6% |
| Remuneration and social security | 454/9 | €13,682 | €13,797 | +€115 | +0.8% |
| Other amounts payable | 47/48 | - | €2,000 | +€2,000 | |
| Non-recurring operating income | 76A | €261 | €335 | +€74 | +28.2% |
| Remuneration, social security and pensions | 62 | €91,183 | €84,334 | -€6,849 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,794 | €6,976 | +€182 | +2.7% |
| Other operating charges | 640/8 | €6,758 | €7,461 | +€703 | +10.4% |
| Non-recurring operating charges | 66A | €2,450 | - | -€2,450 | |
| Gross operating margin | 9900 | €97,975 | €103,210 | +€5,235 | +5.3% |
| Operating profit (loss) | 9901 | -€9,210 | €4,440 | +€13,650 | |
| Financial income | 75/76B | €5,947 | €5,924 | -€23 | -0.4% |
| Recurring financial income | 75 | €5,947 | €5,924 | -€23 | -0.4% |
| Financial charges | 65/66B | €555 | €1,371 | +€816 | +147.1% |
| Recurring financial charges | 65 | €555 | €1,371 | +€816 | +147.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,818 | €8,992 | +€12,810 | |
| Income taxes | 67/77 | €38 | €1,883 | +€1,845 | +4851.4% |
| Profit (loss) for the period | 9904 | -€3,856 | €7,110 | +€10,966 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,856 | €7,110 | +€10,966 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.