SOGEX-EREM: 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.
SOGEX-EREM
Largest movements
- Cash -€268,434
down €268,434 (-17.4%), from €1.5m to €1.3m
mainly Contributions, distributions and other (-€645,222) and Investment in fixed assets (net) (-€178,977)
- Tangible fixed assets -€100,430
down €100,430 (-9.1%), from €1.1m to €1.0m
of which Other tangible fixed assets: -€103,800
- Stocks and contracts +€67,436
up €67,436 (+101.6%), from €66,388 to €133,823
- Reserves -€524,204
down €524,204 (-25.8%), from €2.0m to €1.5m
of which Distributable reserves: -€524,204
- Other debts +€482,344
up €482,344 (+482.3%), from €100,000 to €582,344
- Debts after one year -€120,382
down €120,382 (-25.5%), from €471,954 to €351,571
- Trade debts -€97,966
down €97,966 (-64.4%), from €152,180 to €54,215
- Staff costs +€175,957
up €175,957 (+21.5%), from €819,574 to €995,530
- Taxes -€67,743
down €67,743 (-65.8%), from €102,881 to €35,139
- Depreciation +€48,908
up €48,908 (+21.2%), from €230,499 to €279,407
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 | €3,265,393 | €2,988,497 | -€276,896 | -8.5% |
| Fixed assets | 21/28 | €1,106,400 | €1,005,970 | -€100,430 | -9.1% |
| Tangible fixed assets | 22/27 | €1,106,400 | €1,005,970 | -€100,430 | -9.1% |
| Plant, machinery and equipment | 23 | €597,575 | €642,548 | +€44,972 | +7.5% |
| Furniture and vehicles | 24 | €127,825 | €86,223 | -€41,602 | -32.5% |
| Other tangible fixed assets | 26 | €381,000 | €277,200 | -€103,800 | -27.2% |
| Current assets | 29/58 | €2,158,993 | €1,982,527 | -€176,466 | -8.2% |
| Stocks and contracts in progress | 3 | €66,388 | €133,823 | +€67,436 | +101.6% |
| Stocks | 30/36 | €66,388 | €133,823 | +€67,436 | +101.6% |
| Amounts receivable within one year | 40/41 | €550,777 | €575,310 | +€24,533 | +4.5% |
| Trade receivables | 40 | €462,519 | €372,190 | -€90,329 | -19.5% |
| Other amounts receivable | 41 | €88,258 | €203,119 | +€114,861 | +130.1% |
| Cash at bank and in hand | 54/58 | €1,541,828 | €1,273,394 | -€268,434 | -17.4% |
| Total equity and liabilities | 10/49 | €3,265,393 | €2,988,497 | -€276,896 | -8.5% |
| Equity | 10/15 | €2,178,348 | €1,654,144 | -€524,204 | -24.1% |
| Contributions | 10/11 | €145,500 | €145,500 | = | 0.0% |
| Capital | 10 | €145,500 | €145,500 | = | 0.0% |
| Issued capital | 100 | €145,500 | €145,500 | = | 0.0% |
| Reserves | 13 | €2,032,848 | €1,508,644 | -€524,204 | -25.8% |
| Non-distributable reserves | 130/1 | €14,550 | €14,550 | = | 0.0% |
| Legal reserve | 130 | €14,550 | €14,550 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,481 | €1,481 | = | 0.0% |
| Distributable reserves | 133 | €2,016,817 | €1,492,613 | -€524,204 | -26.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,087,045 | €1,334,354 | +€247,308 | +22.8% |
| Amounts payable after more than one year | 17 | €471,954 | €351,571 | -€120,382 | -25.5% |
| Financial debts | 170/4 | €471,954 | €351,571 | -€120,382 | -25.5% |
| Amounts payable within one year | 42/48 | €615,092 | €982,782 | +€367,690 | +59.8% |
| Current portion of amounts payable after more than one year | 42 | €124,455 | €125,996 | +€1,541 | +1.2% |
| Trade debts | 44 | €152,180 | €54,215 | -€97,966 | -64.4% |
| Suppliers | 440/4 | €152,180 | €54,215 | -€97,966 | -64.4% |
| Taxes, remuneration and social security | 45 | €238,456 | €220,227 | -€18,229 | -7.6% |
| Taxes | 450/3 | €130,000 | €104,271 | -€25,728 | -19.8% |
| Remuneration and social security | 454/9 | €108,456 | €115,955 | +€7,499 | +6.9% |
| Other amounts payable | 47/48 | €100,000 | €582,344 | +€482,344 | +482.3% |
| Remuneration, social security and pensions | 62 | €819,574 | €995,530 | +€175,957 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230,499 | €279,407 | +€48,908 | +21.2% |
| Other operating charges | 640/8 | €5,087 | €6,786 | +€1,698 | +33.4% |
| Non-recurring operating charges | 66A | €107 | €0 | -€107 | -100.0% |
| Gross operating margin | 9900 | €1,438,696 | €1,445,041 | +€6,345 | +0.4% |
| Operating profit (loss) | 9901 | €383,429 | €163,318 | -€220,111 | -57.4% |
| Financial income | 75/76B | €3,838 | €319 | -€3,518 | -91.7% |
| Recurring financial income | 75 | €3,838 | €319 | -€3,518 | -91.7% |
| Financial charges | 65/66B | €9,686 | €7,481 | -€2,205 | -22.8% |
| Recurring financial charges | 65 | €9,686 | €7,481 | -€2,205 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €377,581 | €156,156 | -€221,425 | -58.6% |
| Income taxes | 67/77 | €102,881 | €35,139 | -€67,743 | -65.8% |
| Profit (loss) for the period | 9904 | €274,700 | €121,018 | -€153,682 | -55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €274,700 | €121,018 | -€153,682 | -55.9% |
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 8 October 2026 via checked.be.