SOGESTIS: 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.
SOGESTIS
Largest movements
- Cash -€54,311
down €54,311 (-44.1%), from €123,035 to €68,724
mainly Contributions, distributions and other (-€69,680) and Receivables within one year (-€50,510)
- Receivables within one year +€50,510
up €50,510 (+57.1%), from €88,525 to €139,035
of which Other amounts receivable: +€51,385
- Deferred charges and accrued income -€21,342
no longer reported in 2025 (was €21,342)
- Receivables after one year +€17,307
up €17,307 (+3.8%), from €452,319 to €469,627
- Other debts +€66,196
new in 2025: €66,196
- Reserves -€44,217
down €44,217 (-10.1%), from €438,394 to €394,176
of which Distributable reserves: -€44,217
- Tax, wage and social debts -€24,395
down €24,395 (-27.8%), from €87,900 to €63,506
of which Taxes: -€27,816
- Trade debts -€8,871
down €8,871 (-8.4%), from €105,229 to €96,357
- Gross operating margin -€26,772
down €26,772 (-19.8%), from €134,900 to €108,128
- Depreciation -€6,674
down €6,674 (-71.6%), from €9,323 to €2,649
- Taxes -€5,635
down €5,635 (-23.4%), from €24,128 to €18,492
- Staff costs +€4,004
up €4,004 (+7.8%), from €51,286 to €55,290
- Other operating charges -€3,573
down €3,573 (-41.5%), from €8,605 to €5,031
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 | €693,269 | €681,925 | -€11,344 | -1.6% |
| Fixed assets | 21/28 | €4,339 | €1,690 | -€2,649 | -61.0% |
| Tangible fixed assets | 22/27 | €4,025 | €1,376 | -€2,649 | -65.8% |
| Plant, machinery and equipment | 23 | €74 | - | -€74 | |
| Furniture and vehicles | 24 | €3,950 | €1,376 | -€2,575 | -65.2% |
| Financial fixed assets | 28 | €314 | €314 | = | 0.0% |
| Current assets | 29/58 | €688,930 | €680,235 | -€8,695 | -1.3% |
| Amounts receivable after more than one year | 29 | €452,319 | €469,627 | +€17,307 | +3.8% |
| Other amounts receivable | 291 | €452,319 | €469,627 | +€17,307 | +3.8% |
| Stocks and contracts in progress | 3 | €3,709 | €2,849 | -€860 | -23.2% |
| Stocks | 30/36 | €3,709 | €2,849 | -€860 | -23.2% |
| Amounts receivable within one year | 40/41 | €88,525 | €139,035 | +€50,510 | +57.1% |
| Trade receivables | 40 | €74,329 | €73,454 | -€874 | -1.2% |
| Other amounts receivable | 41 | €14,196 | €65,581 | +€51,385 | +362% |
| Cash at bank and in hand | 54/58 | €123,035 | €68,724 | -€54,311 | -44.1% |
| Deferred charges and accrued income | 490/1 | €21,342 | - | -€21,342 | |
| Total equity and liabilities | 10/49 | €693,269 | €681,925 | -€11,344 | -1.6% |
| Equity | 10/15 | €499,894 | €455,676 | -€44,217 | -8.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €438,394 | €394,176 | -€44,217 | -10.1% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Legal reserve | 130 | €14,874 | €14,874 | = | 0.0% |
| Distributable reserves | 133 | €423,520 | €379,303 | -€44,217 | -10.4% |
| Amounts payable | 17/49 | €193,376 | €226,249 | +€32,873 | +17.0% |
| Amounts payable within one year | 42/48 | €193,376 | €226,059 | +€32,683 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €246 | - | -€246 | |
| Trade debts | 44 | €105,229 | €96,357 | -€8,871 | -8.4% |
| Suppliers | 440/4 | €105,229 | €96,357 | -€8,871 | -8.4% |
| Taxes, remuneration and social security | 45 | €87,900 | €63,506 | -€24,395 | -27.8% |
| Taxes | 450/3 | €76,901 | €49,086 | -€27,816 | -36.2% |
| Remuneration and social security | 454/9 | €10,999 | €14,420 | +€3,421 | +31.1% |
| Other amounts payable | 47/48 | - | €66,196 | +€66,196 | |
| Accrued charges and deferred income | 492/3 | - | €190 | +€190 | |
| Remuneration, social security and pensions | 62 | €51,286 | €55,290 | +€4,004 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,323 | €2,649 | -€6,674 | -71.6% |
| Other operating charges | 640/8 | €8,605 | €5,031 | -€3,573 | -41.5% |
| Gross operating margin | 9900 | €134,900 | €108,128 | -€26,772 | -19.8% |
| Operating profit (loss) | 9901 | €65,687 | €45,157 | -€20,529 | -31.3% |
| Financial income | 75/76B | €374 | €1,972 | +€1,598 | +427% |
| Recurring financial income | 75 | €374 | €1,972 | +€1,598 | +427% |
| Financial charges | 65/66B | €3,852 | €3,174 | -€678 | -17.6% |
| Recurring financial charges | 65 | €3,852 | €3,174 | -€678 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €62,209 | €43,955 | -€18,254 | -29.3% |
| Income taxes | 67/77 | €24,128 | €18,492 | -€5,635 | -23.4% |
| Profit (loss) for the period | 9904 | €38,081 | €25,463 | -€12,618 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,081 | €25,463 | -€12,618 | -33.1% |
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 31 October 2026 via checked.be.