SOGIMA: 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.
What changed
SOGIMA
NACE 68.204, Real estate activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€60,944
2024 · €86,142-€25,198
Equity
€7.3m
2024 · €6.5m+€753,819
Cash
€1.3m
2024 · €2.5m-€1.2m
Balance sheet total
€10.8m
2024 · €9.4m+€1.4m
Largest movements
Assets
- Tangible fixed assets +€2.6m
up €2.6m (+43.5%), from €6.1m to €8.7m
of which Assets under construction and advance payments: +€1.7m
- Cash -€1.2m
down €1.2m (-48.7%), from €2.5m to €1.3m
mainly Investment in fixed assets (net) (-€3.1m) and Provisions (-€57,049)
Equity and liabilities
- Contributions +€692,875
up €692,875 (+69.3%), from €1.0m to €1.7m
- Other debts +€608,554
up €608,554 (+39.0%), from €1.6m to €2.2m
- Profit (loss) carried forward +€220,090
up €220,090 (+12.0%), from €1.8m to €2.1m
- Reserves -€159,146
down €159,146 (-4.3%), from €3.7m to €3.5m
of which Tax-exempt reserves: -€171,146
Income statement
- Depreciation +€75,513
up €75,513 (+22.3%), from €338,585 to €414,098
- Financial income -€27,553
down €27,553 (-35.4%), from €77,862 to €50,309
- Gross operating margin +€15,520
up €15,520 (+2.8%), from €563,984 to €579,504
- Write-downs -€15,050
down €15,050 (-100%), from €15,050 to €0
- Financial charges -€11,502
down €11,502 (-15.6%), from €73,610 to €62,109
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
€86,142
Gross operating margin
+€15,520
Staff costs
+€4,475
Depreciation
-€75,513
Write-downs
+€15,050
Other operating charges
-€5,953
Other operating items
+€35,341
Financial income
-€27,553
Financial charges
+€11,502
Taxes
+€2,527
Deferred taxes and other
-€594
Result 2025
€60,944
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.2m
Investment
-€3.1m
Financing
+€692,875
Cash 2024
€2.5m
From operations (derived)
+€1.2m
Net result for the year
+€60,944
Depreciation
+€414,098
Receivables within one year
+€40,161
Deferred charges and accrued income
+€2
Provisions
-€57,049
Trade debts
+€42,135
Tax, wage and social debts
+€20,963
Other debts
+€608,554
Accrued charges and deferred income
+€23,670
Investment (derived)
-€3.1m
Investment in fixed assets (net)
-€3.1m
Financing
+€692,875
Contributions, distributions and other
+€692,875
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,439,597 | €10,831,688 | +€1.4m | +14.7% |
| Fixed assets | 21/28 | €6,079,782 | €8,722,227 | +€2.6m | +43.5% |
| Tangible fixed assets | 22/27 | €6,079,782 | €8,722,227 | +€2.6m | +43.5% |
| Land and buildings | 22 | €5,029,011 | €6,030,069 | +€1.0m | +19.9% |
| Furniture and vehicles | 24 | €19,917 | €7,356 | -€12,560 | -63.1% |
| Other tangible fixed assets | 26 | €802,611 | €802,611 | = | 0.0% |
| Assets under construction and advance payments | 27 | €228,243 | €1,882,191 | +€1.7m | +725% |
| Current assets | 29/58 | €3,359,815 | €2,109,461 | -€1.3m | -37.2% |
| Amounts receivable within one year | 40/41 | €119,167 | €79,006 | -€40,161 | -33.7% |
| Trade receivables | 40 | €81,307 | €75,480 | -€5,827 | -7.2% |
| Other amounts receivable | 41 | €37,860 | €3,526 | -€34,334 | -90.7% |
| Current investments | 50/53 | €753,580 | €753,580 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,486,667 | €1,276,476 | -€1.2m | -48.7% |
| Deferred charges and accrued income | 490/1 | €401 | €400 | -€2 | -0.5% |
| Total equity and liabilities | 10/49 | €9,439,597 | €10,831,688 | +€1.4m | +14.7% |
| Equity | 10/15 | €6,537,775 | €7,291,594 | +€753,819 | +11.5% |
| Contributions | 10/11 | €1,000,000 | €1,692,875 | +€692,875 | +69.3% |
| Capital | 10 | €1,000,000 | €1,692,875 | +€692,875 | +69.3% |
| Issued capital | 100 | €1,000,000 | €1,692,875 | +€692,875 | +69.3% |
| Reserves | 13 | €3,700,016 | €3,540,870 | -€159,146 | -4.3% |
| Non-distributable reserves | 130/1 | €166,614 | €178,614 | +€12,000 | +7.2% |
| Legal reserve | 130 | €100,000 | €112,000 | +€12,000 | +12.0% |
| Reserves not available under the articles | 1311 | €66,614 | €66,614 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,313,795 | €3,142,649 | -€171,146 | -5.2% |
| Distributable reserves | 133 | €219,607 | €219,607 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,837,760 | €2,057,849 | +€220,090 | +12.0% |
| Provisions and deferred taxes | 16 | €1,097,882 | €1,040,833 | -€57,049 | -5.2% |
| Deferred taxes | 168 | €1,097,882 | €1,040,833 | -€57,049 | -5.2% |
| Amounts payable | 17/49 | €1,803,939 | €2,499,260 | +€695,321 | +38.5% |
| Amounts payable within one year | 42/48 | €1,679,874 | €2,351,525 | +€671,651 | +40.0% |
| Current portion of amounts payable after more than one year | 42 | €1,233 | €1,233 | = | 0.0% |
| Trade debts | 44 | €87,698 | €129,832 | +€42,135 | +48.0% |
| Suppliers | 440/4 | €87,698 | €129,832 | +€42,135 | +48.0% |
| Taxes, remuneration and social security | 45 | €29,748 | €50,710 | +€20,963 | +70.5% |
| Taxes | 450/3 | €29,748 | €50,710 | +€20,963 | +70.5% |
| Other amounts payable | 47/48 | €1,561,196 | €2,169,750 | +€608,554 | +39.0% |
| Accrued charges and deferred income | 492/3 | €124,065 | €147,735 | +€23,670 | +19.1% |
| Remuneration, social security and pensions | 62 | €4,475 | €0 | -€4,475 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €338,585 | €414,098 | +€75,513 | +22.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,050 | €0 | -€15,050 | -100% |
| Other operating charges | 640/8 | €64,471 | €70,423 | +€5,953 | +9.2% |
| Non-recurring operating charges | 66A | €35,341 | €0 | -€35,341 | -100% |
| Gross operating margin | 9900 | €563,984 | €579,504 | +€15,520 | +2.8% |
| Operating profit (loss) | 9901 | €106,063 | €94,983 | -€11,080 | -10.4% |
| Financial income | 75/76B | €77,862 | €50,309 | -€27,553 | -35.4% |
| Recurring financial income | 75 | €77,862 | €50,309 | -€27,553 | -35.4% |
| Financial charges | 65/66B | €73,610 | €62,109 | -€11,502 | -15.6% |
| Recurring financial charges | 65 | €73,610 | €62,109 | -€11,502 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €110,314 | €83,183 | -€27,131 | -24.6% |
| Transfer from deferred taxes | 780 | €57,643 | €57,049 | -€594 | -1.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €81,815 | €79,288 | -€2,527 | -3.1% |
| Profit (loss) for the period | 9904 | €86,142 | €60,944 | -€25,198 | -29.3% |
| Transfer from tax-exempt reserves | 789 | €172,928 | €171,146 | -€1,782 | -1.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €259,070 | €232,090 | -€26,980 | -10.4% |
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 17 October 2026 via checked.be.