SOGIBO: what changed
What changed
SOGIBO
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
€23,746
2024 · €61,952-€38,206
Equity
€1.4m
2024 · €2.2m-€876,254
Cash
€37,189
2024 · €39,795-€2,607
Balance sheet total
€4.1m
2024 · €4.4m-€384,687
Largest movements
Assets
- Stocks and contracts -€373,015
down €373,015 (-18.4%), from €2.0m to €1.7m
Equity and liabilities
- Other debts +€909,963
up €909,963 (+290%), from €314,065 to €1.2m
- Profit (loss) carried forward -€869,392
down €869,392 (-96.5%), from €900,589 to €31,197
- Debts after one year -€304,097
down €304,097 (-21.7%), from €1.4m to €1.1m
- Trade debts -€88,017
down €88,017 (-43.6%), from €201,973 to €113,957
Income statement
- Gross operating margin -€57,536
down €57,536 (-41.6%), from €138,290 to €80,754
- Financial charges -€23,785
down €23,785 (-72.4%), from €32,844 to €9,059
- Taxes +€2,695
up €2,695 (+40.9%), from €6,590 to €9,285
- Other operating charges +€2,043
up €2,043 (+19.2%), from €10,657 to €12,701
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
€61,952
Gross operating margin
-€57,536
Depreciation
+€398
Other operating charges
-€2,043
Financial income
-€114
Financial charges
+€23,785
Taxes
-€2,695
Result 2025
€23,746
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
+€1.2m
Investment
+€3,671
Financing
-€1.2m
Cash 2024
€39,795
From operations (derived)
+€1.2m
Net result for the year
+€23,746
Depreciation
+€28,742
Stocks and contracts
+€373,015
Receivables within one year
-€23,120
Smaller working-capital items
+€1,773
Provisions
-€2,773
Trade debts
-€88,017
Tax, wage and social debts
-€2,457
Other debts
+€909,963
Investment (derived)
+€3,671
Investment in fixed assets (net)
+€3,671
Financing
-€1.2m
Debts after one year
-€304,097
Current portion of long-term debt
-€23,052
Contributions, distributions and other
-€900,000
Cash 2025
€37,189
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,435,817 | €4,051,130 | -€384,687 | -8.7% |
| Fixed assets | 21/28 | €1,446,143 | €1,413,730 | -€32,413 | -2.2% |
| Tangible fixed assets | 22/27 | €1,445,433 | €1,413,730 | -€31,703 | -2.2% |
| Land and buildings | 22 | €1,389,150 | €1,364,719 | -€24,431 | -1.8% |
| Plant, machinery and equipment | 23 | €1,963 | €1,186 | -€776 | -39.5% |
| Furniture and vehicles | 24 | €10,610 | €10,516 | -€93 | -0.9% |
| Other tangible fixed assets | 26 | €43,710 | €37,308 | -€6,402 | -14.6% |
| Financial fixed assets | 28 | €710 | - | -€710 | |
| Current assets | 29/58 | €2,989,674 | €2,637,401 | -€352,274 | -11.8% |
| Stocks and contracts in progress | 3 | €2,032,700 | €1,659,685 | -€373,015 | -18.4% |
| Stocks | 30/36 | €2,032,700 | €1,659,685 | -€373,015 | -18.4% |
| Amounts receivable within one year | 40/41 | €917,179 | €940,300 | +€23,120 | +2.5% |
| Trade receivables | 40 | €11,225 | €18,819 | +€7,594 | +67.7% |
| Other amounts receivable | 41 | €905,954 | €921,481 | +€15,527 | +1.7% |
| Cash at bank and in hand | 54/58 | €39,795 | €37,189 | -€2,607 | -6.6% |
| Deferred charges and accrued income | 490/1 | - | €227 | +€227 | |
| Total equity and liabilities | 10/49 | €4,435,817 | €4,051,130 | -€384,687 | -8.7% |
| Equity | 10/15 | €2,236,186 | €1,359,932 | -€876,254 | -39.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €871,143 | €871,143 | = | 0.0% |
| Reserves | 13 | €445,854 | €438,992 | -€6,862 | -1.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €443,994 | €437,132 | -€6,862 | -1.5% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €900,589 | €31,197 | -€869,392 | -96.5% |
| Provisions and deferred taxes | 16 | €197,148 | €194,375 | -€2,773 | -1.4% |
| Deferred taxes | 168 | €197,148 | €194,375 | -€2,773 | -1.4% |
| Amounts payable | 17/49 | €2,002,483 | €2,496,824 | +€494,340 | +24.7% |
| Amounts payable after more than one year | 17 | €1,404,482 | €1,100,385 | -€304,097 | -21.7% |
| Financial debts | 170/4 | €1,404,482 | €1,100,385 | -€304,097 | -21.7% |
| Amounts payable within one year | 42/48 | €598,002 | €1,394,439 | +€796,437 | +133% |
| Current portion of amounts payable after more than one year | 42 | €49,018 | €25,966 | -€23,052 | -47.0% |
| Trade debts | 44 | €201,973 | €113,957 | -€88,017 | -43.6% |
| Suppliers | 440/4 | €201,973 | €113,957 | -€88,017 | -43.6% |
| Taxes, remuneration and social security | 45 | €32,945 | €30,488 | -€2,457 | -7.5% |
| Taxes | 450/3 | €32,945 | €30,488 | -€2,457 | -7.5% |
| Other amounts payable | 47/48 | €314,065 | €1,224,028 | +€909,963 | +290% |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,139 | €28,742 | -€398 | -1.4% |
| Other operating charges | 640/8 | €10,657 | €12,701 | +€2,043 | +19.2% |
| Gross operating margin | 9900 | €138,290 | €80,754 | -€57,536 | -41.6% |
| Operating profit (loss) | 9901 | €98,493 | €39,311 | -€59,182 | -60.1% |
| Financial income | 75/76B | €120 | €6 | -€114 | -95.3% |
| Recurring financial income | 75 | €120 | €6 | -€114 | -95.3% |
| Financial charges | 65/66B | €32,844 | €9,059 | -€23,785 | -72.4% |
| Recurring financial charges | 65 | €32,844 | €9,059 | -€23,785 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | €65,769 | €30,258 | -€35,511 | -54.0% |
| Transfer from deferred taxes | 780 | €2,773 | €2,773 | = | 0.0% |
| Income taxes | 67/77 | €6,590 | €9,285 | +€2,695 | +40.9% |
| Profit (loss) for the period | 9904 | €61,952 | €23,746 | -€38,206 | -61.7% |
| Transfer from tax-exempt reserves | 789 | €6,862 | €6,862 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,813 | €30,608 | -€38,206 | -55.5% |
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 3 November 2026 via checked.be.