SOGIM: 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.
SOGIM
Largest movements
- Cash -€41,626
down €41,626 (-59.8%), from €69,634 to €28,008
mainly Tax, wage and social debts (-€51,638) and Receivables within one year (-€14,428)
- Receivables within one year +€14,428
up €14,428 (+12.4%), from €116,357 to €130,785
- Tax, wage and social debts -€51,638
down €51,638 (-85.8%), from €60,190 to €8,552
- Reserves +€23,195
up €23,195 (+1.8%), from €1.3m to €1.3m
of which Distributable reserves: +€23,195
- Gross operating margin -€105,822
down €105,822 (-70.6%), from €149,973 to €44,151
- Taxes -€33,944
down €33,944 (-79.1%), from €42,893 to €8,949
- Other operating charges -€2,505
down €2,505 (-12.7%), from €19,762 to €17,257
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 | €1,375,602 | €1,343,824 | -€31,778 | -2.3% |
| Fixed assets | 21/28 | €360,817 | €351,884 | -€8,933 | -2.5% |
| Tangible fixed assets | 22/27 | €360,817 | €351,884 | -€8,933 | -2.5% |
| Land and buildings | 22 | €360,817 | €351,884 | -€8,933 | -2.5% |
| Current assets | 29/58 | €1,014,785 | €991,940 | -€22,845 | -2.3% |
| Amounts receivable after more than one year | 29 | €828,794 | €828,794 | = | 0.0% |
| Other amounts receivable | 291 | €828,794 | €828,794 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €116,357 | €130,785 | +€14,428 | +12.4% |
| Other amounts receivable | 41 | €116,357 | €130,785 | +€14,428 | +12.4% |
| Cash at bank and in hand | 54/58 | €69,634 | €28,008 | -€41,626 | -59.8% |
| Deferred charges and accrued income | 490/1 | - | €4,353 | +€4,353 | |
| Total equity and liabilities | 10/49 | €1,375,602 | €1,343,824 | -€31,778 | -2.3% |
| Equity | 10/15 | €1,311,795 | €1,334,990 | +€23,195 | +1.8% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €1,280,808 | €1,304,003 | +€23,195 | +1.8% |
| Tax-exempt reserves | 132 | €259,792 | €259,792 | = | 0.0% |
| Distributable reserves | 133 | €1,021,016 | €1,044,211 | +€23,195 | +2.3% |
| Amounts payable | 17/49 | €63,807 | €8,834 | -€54,973 | -86.2% |
| Amounts payable within one year | 42/48 | €61,167 | €8,834 | -€52,333 | -85.6% |
| Trade debts | 44 | €977 | €282 | -€695 | -71.1% |
| Suppliers | 440/4 | €977 | €282 | -€695 | -71.1% |
| Taxes, remuneration and social security | 45 | €60,190 | €8,552 | -€51,638 | -85.8% |
| Taxes | 450/3 | €60,190 | €8,552 | -€51,638 | -85.8% |
| Accrued charges and deferred income | 492/3 | €2,640 | - | -€2,640 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,158 | €8,932 | +€774 | +9.5% |
| Other operating charges | 640/8 | €19,762 | €17,257 | -€2,505 | -12.7% |
| Gross operating margin | 9900 | €149,973 | €44,151 | -€105,822 | -70.6% |
| Operating profit (loss) | 9901 | €122,053 | €17,962 | -€104,091 | -85.3% |
| Financial income | 75/76B | €14,236 | €14,436 | +€200 | +1.4% |
| Recurring financial income | 75 | €14,236 | €14,436 | +€200 | +1.4% |
| Financial charges | 65/66B | €789 | €254 | -€535 | -67.8% |
| Recurring financial charges | 65 | €789 | €254 | -€535 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €135,500 | €32,144 | -€103,356 | -76.3% |
| Income taxes | 67/77 | €42,893 | €8,949 | -€33,944 | -79.1% |
| Profit (loss) for the period | 9904 | €92,607 | €23,195 | -€69,412 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €92,607 | €23,195 | -€69,412 | -75.0% |
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.