SOGICO: 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.
SOGICO
Largest movements
- Cash +€15,456
up €15,456 (+129%), from €12,016 to €27,472
mainly Net result for the year (+€17,808) and Other debts (+€9,818)
- Tangible fixed assets -€4,588
down €4,588 (-19.7%), from €23,273 to €18,685
- Financial fixed assets -€1,215
no longer reported in 2025 (was €1,215)
- Profit (loss) carried forward +€17,859
up €17,859 (+2,621%), from €681 to €18,540
- Tax, wage and social debts -€10,707
down €10,707 (-39.2%), from €27,279 to €16,573
of which Taxes: -€16,725
- Reserves -€10,500
down €10,500 (-23.2%), from €45,300 to €34,800
- Other debts +€9,818
new in 2025: €9,818
- Trade debts +€2,079
up €2,079 (+18.5%), from €11,255 to €13,334
- Gross operating margin +€45,867
up €45,867 (+42.0%), from €109,130 to €154,997
- Staff costs +€30,355
up €30,355 (+33.4%), from €90,976 to €121,330
- Depreciation +€4,068
up €4,068 (+351%), from €1,159 to €5,227
- Other operating charges +€2,634
up €2,634 (+53.0%), from €4,970 to €7,604
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 | €100,515 | €109,064 | +€8,549 | +8.5% |
| Fixed assets | 21/28 | €24,896 | €18,953 | -€5,943 | -23.9% |
| Intangible fixed assets | 21 | €407 | €267 | -€140 | -34.4% |
| Tangible fixed assets | 22/27 | €23,273 | €18,685 | -€4,588 | -19.7% |
| Furniture and vehicles | 24 | €23,273 | €18,685 | -€4,588 | -19.7% |
| Financial fixed assets | 28 | €1,215 | - | -€1,215 | |
| Current assets | 29/58 | €75,620 | €90,112 | +€14,492 | +19.2% |
| Amounts receivable within one year | 40/41 | €62,862 | €61,956 | -€906 | -1.4% |
| Trade receivables | 40 | €10,987 | €13,745 | +€2,757 | +25.1% |
| Other amounts receivable | 41 | €51,875 | €48,212 | -€3,663 | -7.1% |
| Cash at bank and in hand | 54/58 | €12,016 | €27,472 | +€15,456 | +129% |
| Deferred charges and accrued income | 490/1 | €742 | €684 | -€58 | -7.8% |
| Total equity and liabilities | 10/49 | €100,515 | €109,064 | +€8,549 | +8.5% |
| Equity | 10/15 | €60,981 | €68,340 | +€7,359 | +12.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €45,300 | €34,800 | -€10,500 | -23.2% |
| Distributable reserves | 133 | €45,300 | €34,800 | -€10,500 | -23.2% |
| Profit (loss) carried forward | 14 | €681 | €18,540 | +€17,859 | +2,621% |
| Amounts payable | 17/49 | €39,534 | €40,724 | +€1,190 | +3.0% |
| Amounts payable within one year | 42/48 | €38,534 | €39,724 | +€1,190 | +3.1% |
| Trade debts | 44 | €11,255 | €13,334 | +€2,079 | +18.5% |
| Suppliers | 440/4 | €11,255 | €13,334 | +€2,079 | +18.5% |
| Taxes, remuneration and social security | 45 | €27,279 | €16,573 | -€10,707 | -39.2% |
| Taxes | 450/3 | €18,359 | €1,634 | -€16,725 | -91.1% |
| Remuneration and social security | 454/9 | €8,920 | €14,939 | +€6,019 | +67.5% |
| Other amounts payable | 47/48 | - | €9,818 | +€9,818 | |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €90,976 | €121,330 | +€30,355 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,159 | €5,227 | +€4,068 | +351% |
| Other operating charges | 640/8 | €4,970 | €7,604 | +€2,634 | +53.0% |
| Gross operating margin | 9900 | €109,130 | €154,997 | +€45,867 | +42.0% |
| Operating profit (loss) | 9901 | €12,025 | €20,836 | +€8,811 | +73.3% |
| Financial income | 75/76B | €1,877 | €2,042 | +€165 | +8.8% |
| Recurring financial income | 75 | €1,877 | €2,042 | +€165 | +8.8% |
| Financial charges | 65/66B | €1 | - | -€1 | |
| Recurring financial charges | 65 | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | €13,901 | €22,877 | +€8,977 | +64.6% |
| Income taxes | 67/77 | €4,022 | €5,070 | +€1,047 | +26.0% |
| Profit (loss) for the period | 9904 | €9,879 | €17,808 | +€7,929 | +80.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,879 | €17,808 | +€7,929 | +80.3% |
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 24 October 2026 via checked.be.