SOGILAS: 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.
SOGILAS
Largest movements
- Deferred charges and accrued income +€81,690
up €81,690 (+8,074%), from €1,012 to €82,702
- Tangible fixed assets +€53,118
up €53,118 (+43.2%), from €122,943 to €176,062
of which Plant, machinery and equipment: +€28,352
- Receivables within one year -€26,224
down €26,224 (-41.3%), from €63,462 to €37,238
of which Trade receivables: -€23,454
- Cash +€17,217
up €17,217 (+125%), from €13,725 to €30,942
mainly Trade debts (+€170,408) and Depreciation (+€44,111)
- Stocks and contracts -€9,711
down €9,711 (-4.6%), from €211,859 to €202,148
- Trade debts +€170,408
up €170,408 (+22.3%), from €765,246 to €935,654
- Other debts -€37,459
no longer reported in 2026 (was €37,459)
- Short-term financial debts +€29,900
up €29,900 (+42.8%), from €69,884 to €99,784
- Profit (loss) carried forward -€21,068
down €21,068 (-2.9%), from -€737,251 to -€758,318
- Current portion of long-term debt -€16,281
no longer reported in 2026 (was €16,281)
- Gross operating margin +€167,007
up €167,007 (+85.7%), from €194,962 to €361,969
- Depreciation -€84,013
down €84,013 (-65.6%), from €128,124 to €44,111
- Staff costs +€48,346
up €48,346 (+17.8%), from €271,037 to €319,383
- Financial charges -€30,603
down €30,603 (-62.7%), from €48,789 to €18,186
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €413,451 | €529,091 | +€115,641 | +28.0% |
| Fixed assets | 21/28 | €123,393 | €176,062 | +€52,668 | +42.7% |
| Tangible fixed assets | 22/27 | €122,943 | €176,062 | +€53,118 | +43.2% |
| Land and buildings | 22 | €5,783 | €31,821 | +€26,039 | +450% |
| Plant, machinery and equipment | 23 | €106,774 | €135,126 | +€28,352 | +26.6% |
| Furniture and vehicles | 24 | €10,386 | €9,114 | -€1,272 | -12.2% |
| Financial fixed assets | 28 | €450 | - | -€450 | |
| Current assets | 29/58 | €290,057 | €353,030 | +€62,972 | +21.7% |
| Stocks and contracts in progress | 3 | €211,859 | €202,148 | -€9,711 | -4.6% |
| Stocks | 30/36 | €211,859 | €202,148 | -€9,711 | -4.6% |
| Amounts receivable within one year | 40/41 | €63,462 | €37,238 | -€26,224 | -41.3% |
| Trade receivables | 40 | €30,513 | €7,059 | -€23,454 | -76.9% |
| Other amounts receivable | 41 | €32,949 | €30,180 | -€2,769 | -8.4% |
| Cash at bank and in hand | 54/58 | €13,725 | €30,942 | +€17,217 | +125% |
| Deferred charges and accrued income | 490/1 | €1,012 | €82,702 | +€81,690 | +8,074% |
| Total equity and liabilities | 10/49 | €413,451 | €529,091 | +€115,641 | +28.0% |
| Equity | 10/15 | -€572,251 | -€593,318 | -€21,068 | -3.7% |
| Contributions | 10/11 | €165,000 | €165,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€737,251 | -€758,318 | -€21,068 | -2.9% |
| Amounts payable | 17/49 | €985,701 | €1,122,410 | +€136,709 | +13.9% |
| Amounts payable after more than one year | 17 | €42,722 | €27,611 | -€15,111 | -35.4% |
| Financial debts | 170/4 | €42,722 | €27,611 | -€15,111 | -35.4% |
| Amounts payable within one year | 42/48 | €941,235 | €1,094,799 | +€153,564 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €16,281 | - | -€16,281 | |
| Financial debts | 43 | €69,884 | €99,784 | +€29,900 | +42.8% |
| Credit institutions | 430/8 | €69,884 | €99,784 | +€29,900 | +42.8% |
| Trade debts | 44 | €765,246 | €935,654 | +€170,408 | +22.3% |
| Suppliers | 440/4 | €765,246 | €935,654 | +€170,408 | +22.3% |
| Taxes, remuneration and social security | 45 | €52,365 | €59,361 | +€6,996 | +13.4% |
| Taxes | 450/3 | €4,424 | €8,300 | +€3,877 | +87.6% |
| Remuneration and social security | 454/9 | €47,941 | €51,061 | +€3,120 | +6.5% |
| Other amounts payable | 47/48 | €37,459 | - | -€37,459 | |
| Accrued charges and deferred income | 492/3 | €1,744 | - | -€1,744 | |
| Remuneration, social security and pensions | 62 | €271,037 | €319,383 | +€48,346 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,124 | €44,111 | -€84,013 | -65.6% |
| Other operating charges | 640/8 | €2,054 | €2,389 | +€336 | +16.3% |
| Gross operating margin | 9900 | €194,962 | €361,969 | +€167,007 | +85.7% |
| Operating profit (loss) | 9901 | -€206,252 | -€3,914 | +€202,338 | +98.1% |
| Financial income | 75/76B | €1,538 | €1,032 | -€506 | -32.9% |
| Recurring financial income | 75 | €1,538 | €1,032 | -€506 | -32.9% |
| Financial charges | 65/66B | €48,789 | €18,186 | -€30,603 | -62.7% |
| Recurring financial charges | 65 | €48,789 | €18,186 | -€30,603 | -62.7% |
| Profit (loss) for the period before taxes | 9903 | -€253,503 | -€21,068 | +€232,436 | +91.7% |
| Profit (loss) for the period | 9904 | -€253,503 | -€21,068 | +€232,436 | +91.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€253,503 | -€21,068 | +€232,436 | +91.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.