SOGESCAP: 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.
SOGESCAP
Largest movements
- Receivables within one year -€6,292
down €6,292 (-45.4%), from €13,855 to €7,563
- Tangible fixed assets +€1,354
up €1,354 (+80.3%), from €1,687 to €3,040
- Cash -€368
down €368 (-1.9%), from €19,072 to €18,703
mainly Other debts (-€15,063) and Investment in fixed assets (net) (-€1,964)
- Other debts -€15,063
down €15,063 (-53.2%), from €28,340 to €13,277
- Profit (loss) carried forward +€7,389
up €7,389 (+45.8%), from -€16,121 to -€8,732
- Tax, wage and social debts +€2,378
up €2,378 (+163%), from €1,459 to €3,836
- Gross operating margin +€8,344
up €8,344 (+260%), from €3,212 to €11,557
- Taxes +€3,128
new in 2025: €3,128
- Depreciation +€203
up €203 (+49.9%), from €407 to €610
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.
Derived cash bridge
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 | €34,976 | €29,714 | -€5,262 | -15.0% |
| Fixed assets | 21/28 | €1,934 | €3,288 | +€1,354 | +70.0% |
| Tangible fixed assets | 22/27 | €1,687 | €3,040 | +€1,354 | +80.3% |
| Plant, machinery and equipment | 23 | €1,687 | €3,040 | +€1,354 | +80.3% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €33,042 | €26,426 | -€6,616 | -20.0% |
| Amounts receivable within one year | 40/41 | €13,855 | €7,563 | -€6,292 | -45.4% |
| Trade receivables | 40 | €13,855 | €7,563 | -€6,292 | -45.4% |
| Cash at bank and in hand | 54/58 | €19,072 | €18,703 | -€368 | -1.9% |
| Deferred charges and accrued income | 490/1 | €116 | €160 | +€44 | +38.3% |
| Total equity and liabilities | 10/49 | €34,976 | €29,714 | -€5,262 | -15.0% |
| Equity | 10/15 | €4,330 | €11,719 | +€7,389 | +171% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,121 | -€8,732 | +€7,389 | +45.8% |
| Amounts payable | 17/49 | €30,646 | €17,995 | -€12,651 | -41.3% |
| Amounts payable within one year | 42/48 | €30,646 | €17,995 | -€12,651 | -41.3% |
| Trade debts | 44 | €847 | €881 | +€34 | +4.1% |
| Suppliers | 440/4 | €847 | €881 | +€34 | +4.1% |
| Taxes, remuneration and social security | 45 | €1,459 | €3,836 | +€2,378 | +163% |
| Taxes | 450/3 | €1,459 | €3,836 | +€2,378 | +163% |
| Other amounts payable | 47/48 | €28,340 | €13,277 | -€15,063 | -53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407 | €610 | +€203 | +49.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €3,212 | €11,557 | +€8,344 | +260% |
| Operating profit (loss) | 9901 | €2,418 | €10,547 | +€8,129 | +336% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €2,389 | €10,517 | +€8,127 | +340% |
| Income taxes | 67/77 | - | €3,128 | +€3,128 | |
| Profit (loss) for the period | 9904 | €2,389 | €7,389 | +€5,000 | +209% |
| Profit (loss) for the period to be appropriated | 9905 | €2,389 | €7,389 | +€5,000 | +209% |
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 23 October 2026 via checked.be.