SOGEWA: 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.
SOGEWA
Largest movements
- Receivables within one year -€460,228
no longer reported in 2025 (was €460,228)
of which Trade receivables: -€460,058
- Cash +€312,220
up €312,220 (+230%), from €135,894 to €448,114
mainly Receivables within one year (+€460,228) and Investment in fixed assets (net) (+€500)
- Current portion of long-term debt -€91,071
no longer reported in 2025 (was €91,071)
- Tax, wage and social debts -€29,836
down €29,836 (-61.3%), from €48,640 to €18,804
of which Taxes: -€29,548
- Profit (loss) carried forward -€27,748
down €27,748 (-13.8%), from €201,117 to €173,369
- Gross operating margin -€125,690
down €125,690, from €106,408 to -€19,281
- Taxes -€12,803
down €12,803 (-68.1%), from €18,804 to €6,001
- Financial charges -€1,081
down €1,081 (-39.4%), from €2,743 to €1,661
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 | €596,806 | €448,114 | -€148,692 | -24.9% |
| Fixed assets | 21/28 | €684 | - | -€684 | |
| Tangible fixed assets | 22/27 | €184 | - | -€184 | |
| Furniture and vehicles | 24 | €184 | - | -€184 | |
| Financial fixed assets | 28 | €500 | - | -€500 | |
| Current assets | 29/58 | €596,122 | €448,114 | -€148,009 | -24.8% |
| Amounts receivable within one year | 40/41 | €460,228 | - | -€460,228 | |
| Trade receivables | 40 | €460,058 | - | -€460,058 | |
| Other amounts receivable | 41 | €170 | - | -€170 | |
| Cash at bank and in hand | 54/58 | €135,894 | €448,114 | +€312,220 | +230% |
| Total equity and liabilities | 10/49 | €596,806 | €448,114 | -€148,692 | -24.9% |
| Equity | 10/15 | €436,877 | €409,129 | -€27,748 | -6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €217,160 | €217,160 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €215,300 | €215,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,117 | €173,369 | -€27,748 | -13.8% |
| Amounts payable | 17/49 | €159,929 | €38,985 | -€120,944 | -75.6% |
| Amounts payable within one year | 42/48 | €159,836 | €38,985 | -€120,851 | -75.6% |
| Current portion of amounts payable after more than one year | 42 | €91,071 | - | -€91,071 | |
| Trade debts | 44 | €1,059 | €1,116 | +€57 | +5.4% |
| Suppliers | 440/4 | €1,059 | €1,116 | +€57 | +5.4% |
| Taxes, remuneration and social security | 45 | €48,640 | €18,804 | -€29,836 | -61.3% |
| Taxes | 450/3 | €48,352 | €18,804 | -€29,548 | -61.1% |
| Remuneration and social security | 454/9 | €288 | - | -€288 | |
| Other amounts payable | 47/48 | €19,065 | €19,065 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €93 | - | -€93 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348 | €184 | -€164 | -47.1% |
| Other operating charges | 640/8 | €700 | €621 | -€80 | -11.4% |
| Gross operating margin | 9900 | €106,408 | -€19,281 | -€125,690 | |
| Operating profit (loss) | 9901 | €105,360 | -€20,086 | -€125,446 | |
| Financial charges | 65/66B | €2,743 | €1,661 | -€1,081 | -39.4% |
| Recurring financial charges | 65 | €2,743 | €1,661 | -€1,081 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €102,618 | -€21,747 | -€124,365 | |
| Income taxes | 67/77 | €18,804 | €6,001 | -€12,803 | -68.1% |
| Profit (loss) for the period | 9904 | €83,814 | -€27,748 | -€111,562 | |
| Profit (loss) for the period to be appropriated | 9905 | €83,814 | -€27,748 | -€111,562 |
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 23 October 2026 via checked.be.