SOGIC: 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.
What changed
SOGIC
NACE 69.201, Certified accountants and tax accountants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€279,802
2024 · €291,681-€11,879
Equity
€123,736
2024 · €118,934+€4,802
Cash
€3,959
2024 · €2,169+€1,790
Balance sheet total
€700,379
2024 · €678,184+€22,195
Largest movements
Assets
- Receivables within one year +€96,455
up €96,455 (+51.3%), from €187,977 to €284,432
of which Trade receivables: +€77,526
- Current investments -€71,357
down €71,357 (-15.1%), from €471,604 to €400,247
Equity and liabilities
- Debts after one year +€21,611
up €21,611 (+9.5%), from €227,084 to €248,695
Income statement
- Gross operating margin -€16,851
down €16,851 (-4.8%), from €353,567 to €336,716
- Write-downs -€11,590
down €11,590 (-70.0%), from €16,560 to €4,969
- Staff costs +€9,095
up €9,095 (+34.0%), from €26,750 to €35,845
- Taxes -€5,390
down €5,390, from €3,408 to -€1,982
- Provisions +€5,000
no longer reported in 2025 (was -€5,000)
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.
Result 2024
€291,681
Gross operating margin
-€16,851
Staff costs
-€9,095
Depreciation
-€668
Write-downs
+€11,590
Provisions
-€5,000
Other operating charges
-€788
Financial income
+€105
Financial charges
+€3,439
Taxes
+€5,390
Result 2025
€279,802
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.
From operations
+€185,155
Investment
+€69,187
Financing
-€252,552
Cash 2024
€2,169
From operations (derived)
+€185,155
Net result for the year
+€279,802
Depreciation
+€6,298
Receivables within one year
-€96,455
Deferred charges and accrued income
+€563
Trade debts
+€4,457
Tax, wage and social debts
-€3,016
Other debts
-€6,496
Investment (derived)
+€69,187
Investment in fixed assets (net)
-€2,169
Current investments
+€71,357
Financing
-€252,552
Debts after one year
+€21,611
Current portion of long-term debt
+€836
Contributions, distributions and other
-€275,000
Cash 2025
€3,959
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €678,184 | €700,379 | +€22,195 | +3.3% |
| Fixed assets | 21/28 | €10,848 | €6,720 | -€4,129 | -38.1% |
| Tangible fixed assets | 22/27 | €10,848 | €6,720 | -€4,129 | -38.1% |
| Furniture and vehicles | 24 | €10,848 | €6,720 | -€4,129 | -38.1% |
| Current assets | 29/58 | €667,335 | €693,660 | +€26,324 | +3.9% |
| Amounts receivable within one year | 40/41 | €187,977 | €284,432 | +€96,455 | +51.3% |
| Trade receivables | 40 | €187,977 | €265,504 | +€77,526 | +41.2% |
| Other amounts receivable | 41 | - | €18,928 | +€18,928 | |
| Current investments | 50/53 | €471,604 | €400,247 | -€71,357 | -15.1% |
| Cash at bank and in hand | 54/58 | €2,169 | €3,959 | +€1,790 | +82.5% |
| Deferred charges and accrued income | 490/1 | €5,585 | €5,022 | -€563 | -10.1% |
| Total equity and liabilities | 10/49 | €678,184 | €700,379 | +€22,195 | +3.3% |
| Equity | 10/15 | €118,934 | €123,736 | +€4,802 | +4.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,934 | €13,736 | +€4,802 | +53.7% |
| Amounts payable | 17/49 | €559,249 | €576,643 | +€17,393 | +3.1% |
| Amounts payable after more than one year | 17 | €227,084 | €248,695 | +€21,611 | +9.5% |
| Financial debts | 170/4 | €227,084 | €248,695 | +€21,611 | +9.5% |
| Amounts payable within one year | 42/48 | €332,166 | €327,948 | -€4,218 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €27,552 | €28,389 | +€836 | +3.0% |
| Trade debts | 44 | €14,507 | €18,965 | +€4,457 | +30.7% |
| Suppliers | 440/4 | €14,507 | €18,965 | +€4,457 | +30.7% |
| Taxes, remuneration and social security | 45 | €8,611 | €5,595 | -€3,016 | -35.0% |
| Taxes | 450/3 | €5,934 | - | -€5,934 | |
| Remuneration and social security | 454/9 | €2,676 | €5,595 | +€2,918 | +109.0% |
| Other amounts payable | 47/48 | €281,496 | €275,000 | -€6,496 | -2.3% |
| Remuneration, social security and pensions | 62 | €26,750 | €35,845 | +€9,095 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,630 | €6,298 | +€668 | +11.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,560 | €4,969 | -€11,590 | -70.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,000 | - | +€5,000 | |
| Other operating charges | 640/8 | €891 | €1,680 | +€788 | +88.4% |
| Gross operating margin | 9900 | €353,567 | €336,716 | -€16,851 | -4.8% |
| Operating profit (loss) | 9901 | €308,735 | €287,923 | -€20,812 | -6.7% |
| Financial income | 75/76B | €224 | €329 | +€105 | +46.9% |
| Recurring financial income | 75 | €224 | €329 | +€105 | +46.9% |
| Financial charges | 65/66B | €13,871 | €10,432 | -€3,439 | -24.8% |
| Recurring financial charges | 65 | €13,871 | €10,432 | -€3,439 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €295,089 | €277,820 | -€17,268 | -5.9% |
| Income taxes | 67/77 | €3,408 | -€1,982 | -€5,390 | |
| Profit (loss) for the period | 9904 | €291,681 | €279,802 | -€11,879 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €291,681 | €279,802 | -€11,879 | -4.1% |
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.