SOGEVAL: what changed
Two fiscal 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.
SOGEVAL
Largest movements
- Receivables within one year +€31,456
up €31,456 (+120.2%), from €26,164 to €57,619
of which Other amounts receivable: +€25,773
- Cash +€16,236
up €16,236 (+35.9%), from €45,187 to €61,423
mainly Net result for the year (+€58,724) and Other debts (+€22,500)
- Receivables after one year -€9,666
down €9,666 (-31.3%), from €30,924 to €21,258
- Tangible fixed assets -€7,222
down €7,222 (-4.9%), from €147,325 to €140,103
of which Land and buildings: -€4,495
- Other debts +€22,500
up €22,500 (+69.2%), from €32,500 to €55,000
- Debts after one year -€5,637
down €5,637 (-6.2%), from €90,944 to €85,307
- Trade debts +€5,511
up €5,511 (+111.4%), from €4,949 to €10,460
- Tax, wage and social debts +€4,619
up €4,619 (+37.2%), from €12,411 to €17,030
- Profit (loss) carried forward +€3,724
up €3,724 (+4.2%), from €89,245 to €92,969
- Gross operating margin +€6,333
up €6,333 (+7.7%), from €82,607 to €88,940
- Other operating charges -€3,543
down €3,543 (-56.4%), from €6,276 to €2,733
- Taxes +€3,246
up €3,246 (+21.0%), from €15,495 to €18,741
- Financial income +€2,267
new in 2025: €2,267
- Financial charges +€1,049
up €1,049 (+38.3%), from €2,737 to €3,787
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.
Cash bridge derived
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 | €249,600 | €280,403 | +€30,804 | +12.3% |
| Fixed assets | 21/28 | €147,325 | €140,103 | -€7,222 | -4.9% |
| Tangible fixed assets | 22/27 | €147,325 | €140,103 | -€7,222 | -4.9% |
| Land and buildings | 22 | €137,477 | €132,982 | -€4,495 | -3.3% |
| Furniture and vehicles | 24 | €9,848 | €7,122 | -€2,726 | -27.7% |
| Current assets | 29/58 | €102,275 | €140,300 | +€38,026 | +37.2% |
| Amounts receivable after more than one year | 29 | €30,924 | €21,258 | -€9,666 | -31.3% |
| Other amounts receivable | 291 | €30,924 | €21,258 | -€9,666 | -31.3% |
| Amounts receivable within one year | 40/41 | €26,164 | €57,619 | +€31,456 | +120.2% |
| Trade receivables | 40 | €761 | €6,444 | +€5,683 | +746.3% |
| Other amounts receivable | 41 | €25,402 | €51,175 | +€25,773 | +101.5% |
| Cash at bank and in hand | 54/58 | €45,187 | €61,423 | +€16,236 | +35.9% |
| Total equity and liabilities | 10/49 | €249,600 | €280,403 | +€30,804 | +12.3% |
| Equity | 10/15 | €92,245 | €95,969 | +€3,724 | +4.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | - | -€3,000 | |
| Issued capital | 100 | €3,000 | - | -€3,000 | |
| Profit (loss) carried forward | 14 | €89,245 | €92,969 | +€3,724 | +4.2% |
| Amounts payable | 17/49 | €157,354 | €184,435 | +€27,080 | +17.2% |
| Amounts payable after more than one year | 17 | €90,944 | €85,307 | -€5,637 | -6.2% |
| Financial debts | 170/4 | €90,944 | €85,307 | -€5,637 | -6.2% |
| Amounts payable within one year | 42/48 | €66,410 | €99,127 | +€32,717 | +49.3% |
| Financial debts | 43 | €16,550 | €16,637 | +€87 | +0.5% |
| Credit institutions | 430/8 | €16,550 | €16,637 | +€87 | +0.5% |
| Trade debts | 44 | €4,949 | €10,460 | +€5,511 | +111.4% |
| Suppliers | 440/4 | €4,949 | €10,460 | +€5,511 | +111.4% |
| Taxes, remuneration and social security | 45 | €12,411 | €17,030 | +€4,619 | +37.2% |
| Taxes | 450/3 | €12,411 | €17,030 | +€4,619 | +37.2% |
| Other amounts payable | 47/48 | €32,500 | €55,000 | +€22,500 | +69.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,322 | €7,222 | -€100 | -1.4% |
| Other operating charges | 640/8 | €6,276 | €2,733 | -€3,543 | -56.4% |
| Gross operating margin | 9900 | €82,607 | €88,940 | +€6,333 | +7.7% |
| Operating profit (loss) | 9901 | €69,010 | €78,985 | +€9,975 | +14.5% |
| Financial income | 75/76B | - | €2,267 | +€2,267 | |
| Recurring financial income | 75 | - | €2,267 | +€2,267 | |
| Financial charges | 65/66B | €2,737 | €3,787 | +€1,049 | +38.3% |
| Recurring financial charges | 65 | €2,737 | €3,787 | +€1,049 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €66,272 | €77,465 | +€11,192 | +16.9% |
| Income taxes | 67/77 | €15,495 | €18,741 | +€3,246 | +21.0% |
| Profit (loss) for the period | 9904 | €50,778 | €58,724 | +€7,946 | +15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,778 | €58,724 | +€7,946 | +15.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.