SOGESCO: what changed
SOGESCO
Largest movements
- Tangible fixed assets -€42,506
down €42,506 (-49.6%), from €85,688 to €43,182
of which Furniture and vehicles: -€42,506
- Receivables within one year +€37,845
up €37,845 (+229%), from €16,501 to €54,346
of which Trade receivables: +€31,823
- Cash -€12,593
down €12,593 (-4.8%), from €263,876 to €251,283
mainly Contributions, distributions and other (-€263,250) and Receivables within one year (-€37,845)
- Other debts -€22,500
down €22,500 (-7.9%), from €285,750 to €263,250
- Tax, wage and social debts +€15,825
up €15,825 (+124%), from €12,774 to €28,599
- Trade debts -€14,003
down €14,003 (-43.7%), from €32,068 to €18,065
- Short-term financial debts +€3,848
up €3,848, from €0 to €3,848
- Purchases and services -€68,184
down €68,184 (-15.7%), from €435,609 to €367,424
- Staff costs +€66,786
up €66,786 (+56.2%), from €118,923 to €185,709
- Turnover -€56,375
down €56,375 (-5.9%), from €949,887 to €893,512
- Gross operating margin +€32,303
up €32,303 (+6.1%), from €526,133 to €558,436
- Depreciation -€10,425
down €10,425 (-29.2%), from €35,655 to €25,231
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €369,835 | €353,295 | -€16,540 | -4.5% |
| Fixed assets | 21/28 | €85,703 | €43,196 | -€42,506 | -49.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €85,688 | €43,182 | -€42,506 | -49.6% |
| Furniture and vehicles | 24 | €85,688 | €43,182 | -€42,506 | -49.6% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €284,132 | €310,099 | +€25,966 | +9.1% |
| Amounts receivable within one year | 40/41 | €16,501 | €54,346 | +€37,845 | +229% |
| Trade receivables | 40 | €6,839 | €38,662 | +€31,823 | +465% |
| Other amounts receivable | 41 | €9,662 | €15,684 | +€6,022 | +62.3% |
| Cash at bank and in hand | 54/58 | €263,876 | €251,283 | -€12,593 | -4.8% |
| Deferred charges and accrued income | 490/1 | €3,756 | €4,470 | +€714 | +19.0% |
| Total equity and liabilities | 10/49 | €369,835 | €353,295 | -€16,540 | -4.5% |
| Equity | 10/15 | €39,242 | €39,533 | +€291 | +0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €20,650 | €20,941 | +€291 | +1.4% |
| Distributable reserves | 133 | €20,650 | €20,941 | +€291 | +1.4% |
| Amounts payable | 17/49 | €330,593 | €313,762 | -€16,831 | -5.1% |
| Amounts payable within one year | 42/48 | €330,593 | €313,762 | -€16,831 | -5.1% |
| Financial debts | 43 | €0 | €3,848 | +€3,848 | |
| Other loans | 439 | €0 | €3,848 | +€3,848 | |
| Trade debts | 44 | €32,068 | €18,065 | -€14,003 | -43.7% |
| Suppliers | 440/4 | €32,068 | €18,065 | -€14,003 | -43.7% |
| Taxes, remuneration and social security | 45 | €12,774 | €28,599 | +€15,825 | +124% |
| Remuneration and social security | 454/9 | €12,774 | €28,599 | +€15,825 | +124% |
| Other amounts payable | 47/48 | €285,750 | €263,250 | -€22,500 | -7.9% |
| Turnover | 70 | €949,887 | €893,512 | -€56,375 | -5.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €435,609 | €367,424 | -€68,184 | -15.7% |
| Remuneration, social security and pensions | 62 | €118,923 | €185,709 | +€66,786 | +56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,655 | €25,231 | -€10,425 | -29.2% |
| Other operating charges | 640/8 | €2,423 | €2,255 | -€168 | -7.0% |
| Gross operating margin | 9900 | €526,133 | €558,436 | +€32,303 | +6.1% |
| Operating profit (loss) | 9901 | €369,132 | €345,242 | -€23,890 | -6.5% |
| Financial income | 75/76B | €9,439 | €4,310 | -€5,129 | -54.3% |
| Recurring financial income | 75 | €9,439 | €4,310 | -€5,129 | -54.3% |
| Financial charges | 65/66B | €529 | €402 | -€127 | -23.9% |
| Recurring financial charges | 65 | €529 | €402 | -€127 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €378,042 | €349,150 | -€28,893 | -7.6% |
| Income taxes | 67/77 | €91,856 | €85,609 | -€6,247 | -6.8% |
| Profit (loss) for the period | 9904 | €286,186 | €263,541 | -€22,646 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €286,186 | €263,541 | -€22,646 | -7.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.