SOGESTFIN: 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.
SOGESTFIN
Largest movements
- Receivables within one year +€24,248
up €24,248 (+38.9%), from €62,284 to €86,532
of which Trade receivables: +€21,050
- Cash +€24,017
up €24,017 (+31.6%), from €76,006 to €100,023
mainly Other debts (+€91,945) and Net result for the year (+€71,360)
- Tangible fixed assets -€14,015
down €14,015 (-5.0%), from €281,471 to €267,456
of which Land and buildings: -€14,490
- Receivables after one year -€10,000
down €10,000 (-66.7%), from €15,000 to €5,000
- Other debts +€91,945
up €91,945 (+308%), from €29,880 to €121,825
- Reserves -€68,636
down €68,636 (-27.9%), from €245,636 to €177,000
of which Distributable reserves: -€68,636
- Debts after one year -€17,846
down €17,846 (-15.6%), from €114,766 to €96,920
- Profit (loss) carried forward +€11,360
up €11,360 (+8.4%), from €134,657 to €146,017
- Tax, wage and social debts +€9,573
up €9,573 (+53.9%), from €17,771 to €27,344
- Other operating charges -€11,978
down €11,978 (-79.1%), from €15,141 to €3,163
- Gross operating margin +€1,711
up €1,711 (+1.5%), from €117,915 to €119,626
- Financial charges +€1,281
up €1,281 (+71.1%), from €1,801 to €3,082
- Taxes +€1,251
up €1,251 (+4.7%), from €26,412 to €27,663
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 | €583,123 | €607,870 | +€24,747 | +4.2% |
| Fixed assets | 21/28 | €429,833 | €416,315 | -€13,518 | -3.1% |
| Intangible fixed assets | 21 | - | €497 | +€497 | |
| Tangible fixed assets | 22/27 | €281,471 | €267,456 | -€14,015 | -5.0% |
| Land and buildings | 22 | €279,339 | €264,849 | -€14,490 | -5.2% |
| Plant, machinery and equipment | 23 | €2,132 | €1,530 | -€602 | -28.2% |
| Furniture and vehicles | 24 | - | €1,077 | +€1,077 | |
| Financial fixed assets | 28 | €148,362 | €148,362 | +€0 | 0.0% |
| Current assets | 29/58 | €153,290 | €191,555 | +€38,265 | +25.0% |
| Amounts receivable after more than one year | 29 | €15,000 | €5,000 | -€10,000 | -66.7% |
| Other amounts receivable | 291 | €15,000 | €5,000 | -€10,000 | -66.7% |
| Amounts receivable within one year | 40/41 | €62,284 | €86,532 | +€24,248 | +38.9% |
| Trade receivables | 40 | €46,584 | €67,634 | +€21,050 | +45.2% |
| Other amounts receivable | 41 | €15,700 | €18,898 | +€3,198 | +20.4% |
| Cash at bank and in hand | 54/58 | €76,006 | €100,023 | +€24,017 | +31.6% |
| Total equity and liabilities | 10/49 | €583,123 | €607,870 | +€24,747 | +4.2% |
| Equity | 10/15 | €400,294 | €343,017 | -€57,277 | -14.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €245,636 | €177,000 | -€68,636 | -27.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €243,636 | €175,000 | -€68,636 | -28.2% |
| Profit (loss) carried forward | 14 | €134,657 | €146,017 | +€11,360 | +8.4% |
| Amounts payable | 17/49 | €182,829 | €264,853 | +€82,024 | +44.9% |
| Amounts payable after more than one year | 17 | €114,766 | €96,920 | -€17,846 | -15.6% |
| Financial debts | 170/4 | €114,766 | €96,920 | -€17,846 | -15.6% |
| Amounts payable within one year | 42/48 | €68,063 | €167,933 | +€99,870 | +147% |
| Current portion of amounts payable after more than one year | 42 | €17,655 | €17,847 | +€192 | +1.1% |
| Trade debts | 44 | €2,758 | €917 | -€1,841 | -66.7% |
| Suppliers | 440/4 | €2,758 | €917 | -€1,841 | -66.7% |
| Taxes, remuneration and social security | 45 | €17,771 | €27,344 | +€9,573 | +53.9% |
| Taxes | 450/3 | €17,771 | €27,344 | +€9,573 | +53.9% |
| Other amounts payable | 47/48 | €29,880 | €121,825 | +€91,945 | +308% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,093 | €15,097 | +€4 | 0.0% |
| Other operating charges | 640/8 | €15,141 | €3,163 | -€11,978 | -79.1% |
| Gross operating margin | 9900 | €117,915 | €119,626 | +€1,711 | +1.5% |
| Operating profit (loss) | 9901 | €87,681 | €101,366 | +€13,685 | +15.6% |
| Financial income | 75/76B | €589 | €739 | +€150 | +25.4% |
| Recurring financial income | 75 | €589 | €739 | +€150 | +25.4% |
| Financial charges | 65/66B | €1,801 | €3,082 | +€1,281 | +71.1% |
| Recurring financial charges | 65 | €1,801 | €3,082 | +€1,281 | +71.1% |
| Profit (loss) for the period before taxes | 9903 | €86,469 | €99,023 | +€12,554 | +14.5% |
| Income taxes | 67/77 | €26,412 | €27,663 | +€1,251 | +4.7% |
| Profit (loss) for the period | 9904 | €60,057 | €71,360 | +€11,303 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,057 | €71,360 | +€11,303 | +18.8% |
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 24 October 2026 via checked.be.