SOGIBAT: what changed
What changed
SOGIBAT
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€16,183
2024 · €23,660-€7,477
Equity
€94,786
2024 · €78,603+€16,183
Cash
€94,762
2024 · €43,728+€51,034
Balance sheet total
€504,634
2024 · €613,915-€109,282
Largest movements
Assets
- Stocks and contracts -€156,661
down €156,661 (-39.9%), from €392,342 to €235,680
- Cash +€51,034
up €51,034 (+117%), from €43,728 to €94,762
mainly Stocks and contracts (+€156,661) and Other debts (+€58,422)
Equity and liabilities
- Trade debts -€175,112
down €175,112 (-53.9%), from €324,805 to €149,693
- Other debts +€58,422
up €58,422 (+81.6%), from €71,626 to €130,048
- Profit (loss) carried forward +€16,183
up €16,183 (+22.9%), from €70,543 to €86,726
- Debts after one year -€11,694
down €11,694 (-18.8%), from €62,060 to €50,366
- Tax, wage and social debts +€7,714
up €7,714 (+12.9%), from €59,990 to €67,703
Income statement
- Gross operating margin -€25,417
down €25,417 (-41.5%), from €61,183 to €35,766
- Financial charges -€12,309
down €12,309 (-91.8%), from €13,415 to €1,106
- Taxes -€2,020
down €2,020 (-20.7%), from €9,758 to €7,738
- Staff costs -€1,962
down €1,962, from €1,124 to -€838
- Other operating charges -€1,557
down €1,557 (-19.6%), from €7,961 to €6,405
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€23,660
Gross operating margin
-€25,417
Staff costs
+€1,962
Depreciation
+€113
Other operating charges
+€1,557
Financial income
-€19
Financial charges
+€12,309
Taxes
+€2,020
Result 2025
€16,183
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€67,523
Investment
€0
Financing
-€16,488
Cash 2024
€43,728
From operations (derived)
+€67,523
Net result for the year
+€16,183
Depreciation
+€5,172
Stocks and contracts
+€156,661
Receivables within one year
+€1,903
Deferred charges and accrued income
-€3,420
Trade debts
-€175,112
Tax, wage and social debts
+€7,714
Other debts
+€58,422
Financing
-€16,488
Debts after one year
-€11,694
Current portion of long-term debt
-€4,794
Cash 2025
€94,762
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €613,915 | €504,634 | -€109,282 | -17.8% |
| Fixed assets | 21/28 | €7,459 | €2,287 | -€5,172 | -69.3% |
| Tangible fixed assets | 22/27 | €7,411 | €2,239 | -€5,172 | -69.8% |
| Furniture and vehicles | 24 | €7,411 | €2,239 | -€5,172 | -69.8% |
| Financial fixed assets | 28 | €48 | €48 | = | 0.0% |
| Current assets | 29/58 | €606,457 | €502,347 | -€104,110 | -17.2% |
| Stocks and contracts in progress | 3 | €392,342 | €235,680 | -€156,661 | -39.9% |
| Stocks | 30/36 | €392,342 | €235,680 | -€156,661 | -39.9% |
| Amounts receivable within one year | 40/41 | €170,387 | €168,484 | -€1,903 | -1.1% |
| Trade receivables | 40 | €4,606 | €22,445 | +€17,839 | +387% |
| Other amounts receivable | 41 | €165,781 | €146,039 | -€19,742 | -11.9% |
| Cash at bank and in hand | 54/58 | €43,728 | €94,762 | +€51,034 | +117% |
| Deferred charges and accrued income | 490/1 | - | €3,420 | +€3,420 | |
| Total equity and liabilities | 10/49 | €613,915 | €504,634 | -€109,282 | -17.8% |
| Equity | 10/15 | €78,603 | €94,786 | +€16,183 | +20.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,543 | €86,726 | +€16,183 | +22.9% |
| Amounts payable | 17/49 | €535,312 | €409,848 | -€125,465 | -23.4% |
| Amounts payable after more than one year | 17 | €62,060 | €50,366 | -€11,694 | -18.8% |
| Financial debts | 170/4 | €62,060 | €50,366 | -€11,694 | -18.8% |
| Amounts payable within one year | 42/48 | €473,252 | €359,482 | -€113,771 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €16,831 | €12,037 | -€4,794 | -28.5% |
| Trade debts | 44 | €324,805 | €149,693 | -€175,112 | -53.9% |
| Suppliers | 440/4 | €324,805 | €149,693 | -€175,112 | -53.9% |
| Taxes, remuneration and social security | 45 | €59,990 | €67,703 | +€7,714 | +12.9% |
| Taxes | 450/3 | €59,990 | €67,703 | +€7,714 | +12.9% |
| Other amounts payable | 47/48 | €71,626 | €130,048 | +€58,422 | +81.6% |
| Remuneration, social security and pensions | 62 | €1,124 | -€838 | -€1,962 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,284 | €5,172 | -€113 | -2.1% |
| Other operating charges | 640/8 | €7,961 | €6,405 | -€1,557 | -19.6% |
| Gross operating margin | 9900 | €61,183 | €35,766 | -€25,417 | -41.5% |
| Operating profit (loss) | 9901 | €46,814 | €25,028 | -€21,786 | -46.5% |
| Financial income | 75/76B | €19 | - | -€19 | |
| Recurring financial income | 75 | €19 | - | -€19 | |
| Financial charges | 65/66B | €13,415 | €1,106 | -€12,309 | -91.8% |
| Recurring financial charges | 65 | €13,415 | €1,106 | -€12,309 | -91.8% |
| Profit (loss) for the period before taxes | 9903 | €33,418 | €23,921 | -€9,496 | -28.4% |
| Income taxes | 67/77 | €9,758 | €7,738 | -€2,020 | -20.7% |
| Profit (loss) for the period | 9904 | €23,660 | €16,183 | -€7,477 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,660 | €16,183 | -€7,477 | -31.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.