SOGIF: 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.
SOGIF
Largest movements
- Tangible fixed assets -€310,188
down €310,188 (-97.4%), from €318,537 to €8,349
of which Furniture and vehicles: -€200,447
- Receivables within one year +€259,733
up €259,733 (+51.3%), from €506,528 to €766,260
of which Other amounts receivable: +€334,365
- Cash +€87,291
up €87,291 (+50.9%), from €171,558 to €258,848
mainly Investment in fixed assets (net) (+€302,233) and Trade debts (+€41,578)
- Trade debts +€41,578
up €41,578 (+7.4%), from €558,748 to €600,325
- Tax, wage and social debts +€34,269
up €34,269 (+112%), from €30,477 to €64,746
of which Taxes: +€30,154
- Profit (loss) carried forward -€26,693
down €26,693 (-79.5%), from €33,589 to €6,895
- Other debts -€10,500
down €10,500 (-43.9%), from €23,900 to €13,400
- Gross operating margin +€291,736
up €291,736 (+105%), from €278,720 to €570,456
- Purchases and services -€107,241
down €107,241 (-23.0%), from €465,903 to €358,661
- Turnover -€93,721
down €93,721 (-13.4%), from €698,501 to €604,780
- Staff costs +€68,511
up €68,511 (+44.2%), from €155,092 to €223,604
- Depreciation -€67,440
down €67,440 (-89.4%), from €75,394 to €7,955
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 | €1,010,259 | €1,044,996 | +€34,737 | +3.4% |
| Fixed assets | 21/28 | €328,537 | €18,349 | -€310,188 | -94.4% |
| Tangible fixed assets | 22/27 | €318,537 | €8,349 | -€310,188 | -97.4% |
| Furniture and vehicles | 24 | €208,795 | €8,349 | -€200,447 | -96.0% |
| Leasing and similar rights | 25 | €109,741 | €0 | -€109,741 | -100.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €681,723 | €1,026,648 | +€344,925 | +50.6% |
| Amounts receivable within one year | 40/41 | €506,528 | €766,260 | +€259,733 | +51.3% |
| Trade receivables | 40 | €176,624 | €101,992 | -€74,632 | -42.3% |
| Other amounts receivable | 41 | €329,904 | €664,268 | +€334,365 | +101% |
| Cash at bank and in hand | 54/58 | €171,558 | €258,848 | +€87,291 | +50.9% |
| Deferred charges and accrued income | 490/1 | €3,637 | €1,539 | -€2,098 | -57.7% |
| Total equity and liabilities | 10/49 | €1,010,259 | €1,044,996 | +€34,737 | +3.4% |
| Equity | 10/15 | €317,672 | €290,979 | -€26,693 | -8.4% |
| Contributions | 10/11 | €220,625 | €220,625 | = | 0.0% |
| Capital | 10 | €220,625 | €220,625 | = | 0.0% |
| Issued capital | 100 | €220,625 | €220,625 | = | 0.0% |
| Reserves | 13 | €63,458 | €63,458 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,065 | €22,065 | = | 0.0% |
| Legal reserve | 130 | €22,065 | €22,065 | = | 0.0% |
| Distributable reserves | 133 | €41,393 | €41,393 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,589 | €6,895 | -€26,693 | -79.5% |
| Amounts payable | 17/49 | €692,588 | €754,018 | +€61,430 | +8.9% |
| Amounts payable after more than one year | 17 | €55,749 | €45,546 | -€10,203 | -18.3% |
| Financial debts | 170/4 | €55,749 | €45,546 | -€10,203 | -18.3% |
| Amounts payable within one year | 42/48 | €635,139 | €704,238 | +€69,099 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €10,015 | €10,203 | +€188 | +1.9% |
| Trade debts | 44 | €558,748 | €600,325 | +€41,578 | +7.4% |
| Suppliers | 440/4 | €558,748 | €600,325 | +€41,578 | +7.4% |
| Advances received on contracts in progress | 46 | €12,000 | €15,564 | +€3,564 | +29.7% |
| Taxes, remuneration and social security | 45 | €30,477 | €64,746 | +€34,269 | +112% |
| Taxes | 450/3 | €25,523 | €55,677 | +€30,154 | +118% |
| Remuneration and social security | 454/9 | €4,953 | €9,069 | +€4,115 | +83.1% |
| Other amounts payable | 47/48 | €23,900 | €13,400 | -€10,500 | -43.9% |
| Accrued charges and deferred income | 492/3 | €1,700 | €4,234 | +€2,534 | +149% |
| Turnover | 70 | €698,501 | €604,780 | -€93,721 | -13.4% |
| Non-recurring operating income | 76A | - | €285,202 | +€285,202 | |
| Goods, raw materials, services and sundry goods | 60/61 | €465,903 | €358,661 | -€107,241 | -23.0% |
| Remuneration, social security and pensions | 62 | €155,092 | €223,604 | +€68,511 | +44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,394 | €7,955 | -€67,440 | -89.4% |
| Other operating charges | 640/8 | €29,446 | €7,183 | -€22,263 | -75.6% |
| Non-recurring operating charges | 66A | - | €329,927 | +€329,927 | |
| Gross operating margin | 9900 | €278,720 | €570,456 | +€291,736 | +105% |
| Operating profit (loss) | 9901 | €18,787 | €1,788 | -€16,999 | -90.5% |
| Financial income | 75/76B | €198 | €4,585 | +€4,388 | +2,222% |
| Recurring financial income | 75 | €198 | €4,585 | +€4,388 | +2,222% |
| Financial charges | 65/66B | €2,115 | €2,335 | +€220 | +10.4% |
| Recurring financial charges | 65 | €2,115 | €2,335 | +€220 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €16,869 | €4,038 | -€12,831 | -76.1% |
| Income taxes | 67/77 | €12,395 | €30,731 | +€18,336 | +148% |
| Profit (loss) for the period | 9904 | €4,475 | -€26,693 | -€31,168 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,475 | -€26,693 | -€31,168 |
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 23 October 2026 via checked.be.