SOGESPA: what changed
SOGESPA
Largest movements
- Tangible fixed assets -€7,393
down €7,393 (-6.5%), from €113,355 to €105,962
- Cash -€2,007
down €2,007 (-24.2%), from €8,310 to €6,303
mainly Debts after one year (-€18,782) and Other debts (-€7,001)
- Debts after one year -€18,782
down €18,782 (-16.9%), from €110,950 to €92,168
of which Financial debts: -€18,782
- Profit (loss) carried forward +€15,360
up €15,360 (+35.7%), from -€43,042 to -€27,682
- Other debts -€7,001
down €7,001 (-14.7%), from €47,592 to €40,591
- Gross operating margin -€2,298
down €2,298 (-7.4%), from €30,856 to €28,558
- Other operating charges -€2,099
down €2,099 (-43.6%), from €4,818 to €2,719
- Financial charges -€460
down €460 (-13.0%), from €3,547 to €3,087
- Taxes -€322
no longer reported in 2025 (was €322)
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 | €146,210 | €136,810 | -€9,400 | -6.4% |
| Fixed assets | 21/28 | €113,355 | €105,962 | -€7,393 | -6.5% |
| Tangible fixed assets | 22/27 | €113,355 | €105,962 | -€7,393 | -6.5% |
| Land and buildings | 22 | €113,355 | €105,962 | -€7,393 | -6.5% |
| Current assets | 29/58 | €32,855 | €30,848 | -€2,007 | -6.1% |
| Amounts receivable within one year | 40/41 | €24,545 | €24,545 | = | 0.0% |
| Other amounts receivable | 41 | €24,545 | €24,545 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,310 | €6,303 | -€2,007 | -24.2% |
| Total equity and liabilities | 10/49 | €146,210 | €136,810 | -€9,400 | -6.4% |
| Equity | 10/15 | -€30,642 | -€15,282 | +€15,360 | +50.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,042 | -€27,682 | +€15,360 | +35.7% |
| Amounts payable | 17/49 | €176,852 | €152,092 | -€24,760 | -14.0% |
| Amounts payable after more than one year | 17 | €110,950 | €92,168 | -€18,782 | -16.9% |
| Financial debts | 170/4 | €107,710 | €88,928 | -€18,782 | -17.4% |
| Other amounts payable | 178/9 | €3,240 | €3,240 | = | 0.0% |
| Amounts payable within one year | 42/48 | €65,902 | €59,374 | -€6,528 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €18,310 | €18,783 | +€473 | +2.6% |
| Other amounts payable | 47/48 | €47,592 | €40,591 | -€7,001 | -14.7% |
| Accrued charges and deferred income | 492/3 | - | €550 | +€550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,393 | €7,392 | -€1 | 0.0% |
| Other operating charges | 640/8 | €4,818 | €2,719 | -€2,099 | -43.6% |
| Gross operating margin | 9900 | €30,856 | €28,558 | -€2,298 | -7.4% |
| Operating profit (loss) | 9901 | €18,645 | €18,447 | -€198 | -1.1% |
| Financial charges | 65/66B | €3,547 | €3,087 | -€460 | -13.0% |
| Recurring financial charges | 65 | €3,547 | €3,087 | -€460 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €15,098 | €15,360 | +€262 | +1.7% |
| Income taxes | 67/77 | €322 | - | -€322 | |
| Profit (loss) for the period | 9904 | €14,776 | €15,360 | +€584 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,776 | €15,360 | +€584 | +4.0% |
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 7 November 2026 via checked.be.