SOGESMAINT: 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.
SOGESMAINT
Largest movements
- Receivables within one year -€183,056
down €183,056 (-87.2%), from €209,939 to €26,883
of which Trade receivables: -€116,283
- Cash -€77,520
down €77,520 (-50.6%), from €153,179 to €75,659
mainly Trade debts (-€241,898) and Net result for the year (-€123,400)
- Receivables after one year -€75,000
no longer reported in 2025 (was €75,000)
- Trade debts -€241,898
down €241,898 (-95.3%), from €253,731 to €11,833
- Profit (loss) carried forward -€123,400
down €123,400, from €3,560 to -€119,839
- Other debts +€24,032
up €24,032 (+60.1%), from €40,000 to €64,032
- Debts after one year +€22,732
up €22,732 (+49.1%), from €46,300 to €69,032
of which Financial debts: +€30,000
- Tax, wage and social debts -€22,110
down €22,110 (-64.2%), from €34,465 to €12,356
of which Taxes: -€22,466
- Gross operating margin +€5,145
up €5,145 (+5.0%), from €102,699 to €107,844
- Staff costs +€3,484
up €3,484 (+4.3%), from €81,203 to €84,686
- Taxes -€2,429
no longer reported in 2025 (was €2,429)
- Other operating charges -€1,496
no longer reported in 2025 (was €1,496)
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 | €460,178 | €121,068 | -€339,110 | -73.7% |
| Fixed assets | 21/28 | €19,596 | €15,792 | -€3,803 | -19.4% |
| Tangible fixed assets | 22/27 | €19,596 | €15,792 | -€3,803 | -19.4% |
| Furniture and vehicles | 24 | €3,947 | €3,289 | -€658 | -16.7% |
| Other tangible fixed assets | 26 | €15,648 | €12,503 | -€3,145 | -20.1% |
| Current assets | 29/58 | €440,582 | €105,275 | -€335,307 | -76.1% |
| Amounts receivable after more than one year | 29 | €75,000 | - | -€75,000 | |
| Other amounts receivable | 291 | €75,000 | - | -€75,000 | |
| Amounts receivable within one year | 40/41 | €209,939 | €26,883 | -€183,056 | -87.2% |
| Trade receivables | 40 | €119,006 | €2,723 | -€116,283 | -97.7% |
| Other amounts receivable | 41 | €90,933 | €24,160 | -€66,773 | -73.4% |
| Cash at bank and in hand | 54/58 | €153,179 | €75,659 | -€77,520 | -50.6% |
| Deferred charges and accrued income | 490/1 | €2,465 | €2,734 | +€269 | +10.9% |
| Total equity and liabilities | 10/49 | €460,178 | €121,068 | -€339,110 | -73.7% |
| Equity | 10/15 | €85,153 | -€38,524 | -€123,677 | |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €5,006 | €5,006 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,006 | €5,006 | = | 0.0% |
| Legal reserve | 130 | €5,006 | €5,006 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,560 | -€119,839 | -€123,400 | |
| Investment grants | 15 | €1,586 | €1,309 | -€277 | -17.5% |
| Provisions and deferred taxes | 16 | €529 | €436 | -€93 | -17.5% |
| Deferred taxes | 168 | €529 | €436 | -€93 | -17.5% |
| Amounts payable | 17/49 | €374,496 | €159,156 | -€215,341 | -57.5% |
| Amounts payable after more than one year | 17 | €46,300 | €69,032 | +€22,732 | +49.1% |
| Financial debts | 170/4 | - | €30,000 | +€30,000 | |
| Other amounts payable | 178/9 | €46,300 | €39,032 | -€7,268 | -15.7% |
| Amounts payable within one year | 42/48 | €328,196 | €88,221 | -€239,975 | -73.1% |
| Trade debts | 44 | €253,731 | €11,833 | -€241,898 | -95.3% |
| Suppliers | 440/4 | €253,731 | €11,833 | -€241,898 | -95.3% |
| Taxes, remuneration and social security | 45 | €34,465 | €12,356 | -€22,110 | -64.2% |
| Taxes | 450/3 | €24,484 | €2,018 | -€22,466 | -91.8% |
| Remuneration and social security | 454/9 | €9,981 | €10,337 | +€356 | +3.6% |
| Other amounts payable | 47/48 | €40,000 | €64,032 | +€24,032 | +60.1% |
| Accrued charges and deferred income | 492/3 | - | €1,903 | +€1,903 | |
| Remuneration, social security and pensions | 62 | €81,203 | €84,686 | +€3,484 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,803 | €3,803 | = | 0.0% |
| Other operating charges | 640/8 | €1,496 | - | -€1,496 | |
| Non-recurring operating charges | 66A | €12,002 | €142,837 | +€130,835 | +1,090% |
| Gross operating margin | 9900 | €102,699 | €107,844 | +€5,145 | +5.0% |
| Operating profit (loss) | 9901 | €4,195 | -€123,483 | -€127,678 | |
| Financial income | 75/76B | €889 | €570 | -€319 | -35.9% |
| Recurring financial income | 75 | €889 | €570 | -€319 | -35.9% |
| Financial charges | 65/66B | €734 | €579 | -€155 | -21.1% |
| Recurring financial charges | 65 | €734 | €579 | -€155 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €4,351 | -€123,492 | -€127,843 | |
| Transfer from deferred taxes | 780 | €93 | €93 | = | 0.0% |
| Income taxes | 67/77 | €2,429 | - | -€2,429 | |
| Profit (loss) for the period | 9904 | €2,014 | -€123,400 | -€125,414 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,014 | -€123,400 | -€125,414 |
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 26 October 2026 via checked.be.