SOGESTIMA: 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.
SOGESTIMA
Largest movements
- Receivables within one year -€87,933
down €87,933 (-64.5%), from €136,378 to €48,445
of which Other amounts receivable: -€96,933
- Cash -€3,321
down €3,321 (-76.9%), from €4,319 to €997
mainly Contributions, distributions and other (-€183,640) and Debts after one year (-€15,712)
- Profit (loss) carried forward -€134,411
no longer reported in 2026 (was €134,411)
- Other debts +€51,229
up €51,229 (+512%), from €10,000 to €61,229
- Debts after one year -€15,712
down €15,712 (-13.1%), from €120,108 to €104,396
- Tax, wage and social debts -€13,248
down €13,248 (-55.1%), from €24,049 to €10,801
- Trade debts +€11,216
up €11,216 (+210%), from €5,329 to €16,545
of which Bills of exchange payable: +€13,310
- Financial income +€26,995
up €26,995 (+411%), from €6,567 to €33,563
- Gross operating margin -€12,399
down €12,399 (-27.8%), from €44,662 to €32,263
- Taxes -€4,425
down €4,425 (-34.6%), from €12,798 to €8,373
- Other operating charges -€1,307
down €1,307 (-57.6%), from €2,270 to €963
- Financial charges +€523
up €523 (+8.5%), from €6,167 to €6,690
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €312,102 | €218,863 | -€93,239 | -29.9% |
| Fixed assets | 21/28 | €164,707 | €164,137 | -€571 | -0.3% |
| Tangible fixed assets | 22/27 | €707 | €137 | -€571 | -80.7% |
| Plant, machinery and equipment | 23 | €707 | €137 | -€571 | -80.7% |
| Financial fixed assets | 28 | €164,000 | €164,000 | = | 0.0% |
| Current assets | 29/58 | €147,395 | €54,727 | -€92,668 | -62.9% |
| Amounts receivable within one year | 40/41 | €136,378 | €48,445 | -€87,933 | -64.5% |
| Trade receivables | 40 | €13,000 | €22,000 | +€9,000 | +69.2% |
| Other amounts receivable | 41 | €123,378 | €26,445 | -€96,933 | -78.6% |
| Cash at bank and in hand | 54/58 | €4,319 | €997 | -€3,321 | -76.9% |
| Deferred charges and accrued income | 490/1 | €6,698 | €5,284 | -€1,414 | -21.1% |
| Total equity and liabilities | 10/49 | €312,102 | €218,863 | -€93,239 | -29.9% |
| Equity | 10/15 | €137,411 | €3,000 | -€134,411 | -97.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,411 | - | -€134,411 | |
| Amounts payable | 17/49 | €174,692 | €215,863 | +€41,172 | +23.6% |
| Amounts payable after more than one year | 17 | €120,108 | €104,396 | -€15,712 | -13.1% |
| Financial debts | 170/4 | €120,108 | €104,396 | -€15,712 | -13.1% |
| Amounts payable within one year | 42/48 | €54,452 | €111,333 | +€56,881 | +104% |
| Current portion of amounts payable after more than one year | 42 | €15,074 | €22,758 | +€7,684 | +51.0% |
| Trade debts | 44 | €5,329 | €16,545 | +€11,216 | +210% |
| Suppliers | 440/4 | €5,329 | €3,235 | -€2,094 | -39.3% |
| Bills of exchange payable | 441 | - | €13,310 | +€13,310 | |
| Taxes, remuneration and social security | 45 | €24,049 | €10,801 | -€13,248 | -55.1% |
| Taxes | 450/3 | €24,049 | €10,801 | -€13,248 | -55.1% |
| Other amounts payable | 47/48 | €10,000 | €61,229 | +€51,229 | +512% |
| Accrued charges and deferred income | 492/3 | €132 | €135 | +€3 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €883 | €571 | -€312 | -35.4% |
| Other operating charges | 640/8 | €2,270 | €963 | -€1,307 | -57.6% |
| Gross operating margin | 9900 | €44,662 | €32,263 | -€12,399 | -27.8% |
| Operating profit (loss) | 9901 | €41,510 | €30,730 | -€10,780 | -26.0% |
| Financial income | 75/76B | €6,567 | €33,563 | +€26,995 | +411% |
| Recurring financial income | 75 | €6,567 | €33,563 | +€26,995 | +411% |
| Financial charges | 65/66B | €6,167 | €6,690 | +€523 | +8.5% |
| Recurring financial charges | 65 | €6,167 | €6,690 | +€523 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €41,910 | €57,602 | +€15,692 | +37.4% |
| Income taxes | 67/77 | €12,798 | €8,373 | -€4,425 | -34.6% |
| Profit (loss) for the period | 9904 | €29,112 | €49,229 | +€20,117 | +69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,112 | €49,229 | +€20,117 | +69.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.