SOGIMAL: 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.
SOGIMAL
Largest movements
- Tangible fixed assets +€472,958
up €472,958 (+47.1%), from €1.0m to €1.5m
of which Land and buildings: +€413,174
- Cash -€137,442
down €137,442 (-55.8%), from €246,250 to €108,808
mainly Investment in fixed assets (net) (-€686,686) and Other debts (-€200,000)
- Receivables within one year +€35,592
up €35,592 (+13.5%), from €264,339 to €299,931
of which Trade receivables: +€77,113
- Debts after one year +€358,148
up €358,148 (+211%), from €169,926 to €528,074
- Trade debts +€215,973
up €215,973 (+364%), from €59,383 to €275,356
- Other debts -€200,000
no longer reported in 2025 (was €200,000)
- Profit (loss) carried forward -€59,523
down €59,523 (-9.0%), from €663,184 to €603,662
- Tax, wage and social debts +€41,633
up €41,633 (+68.8%), from €60,530 to €102,163
of which Remuneration and social security: +€30,494
- Staff costs +€170,006
up €170,006 (+43.4%), from €391,700 to €561,706
- Gross operating margin -€47,519
down €47,519 (-5.6%), from €851,935 to €804,417
- Depreciation +€45,299
up €45,299 (+28.6%), from €158,171 to €203,470
- Financial charges +€13,593
up €13,593 (+55.4%), from €24,537 to €38,130
- Other operating charges +€9,781
up €9,781 (+17.8%), from €54,808 to €64,589
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,520,164 | €1,914,507 | +€394,343 | +25.9% |
| Fixed assets | 21/28 | €1,005,020 | €1,488,236 | +€483,216 | +48.1% |
| Intangible fixed assets | 21 | - | €10,258 | +€10,258 | |
| Tangible fixed assets | 22/27 | €1,004,868 | €1,477,826 | +€472,958 | +47.1% |
| Land and buildings | 22 | €966,650 | €1,379,823 | +€413,174 | +42.7% |
| Plant, machinery and equipment | 23 | €4,889 | €3,337 | -€1,552 | -31.7% |
| Furniture and vehicles | 24 | €171 | €13,262 | +€13,091 | +7,678% |
| Leasing and similar rights | 25 | €33,159 | €81,404 | +€48,245 | +145% |
| Financial fixed assets | 28 | €152 | €152 | = | 0.0% |
| Current assets | 29/58 | €515,144 | €426,271 | -€88,873 | -17.3% |
| Amounts receivable within one year | 40/41 | €264,339 | €299,931 | +€35,592 | +13.5% |
| Trade receivables | 40 | €8,691 | €85,804 | +€77,113 | +887% |
| Other amounts receivable | 41 | €255,648 | €214,127 | -€41,521 | -16.2% |
| Cash at bank and in hand | 54/58 | €246,250 | €108,808 | -€137,442 | -55.8% |
| Deferred charges and accrued income | 490/1 | €4,555 | €17,532 | +€12,977 | +285% |
| Total equity and liabilities | 10/49 | €1,520,164 | €1,914,507 | +€394,343 | +25.9% |
| Equity | 10/15 | €811,366 | €743,673 | -€67,693 | -8.3% |
| Contributions | 10/11 | €37,695 | €37,695 | = | 0.0% |
| Reserves | 13 | €69,344 | €69,344 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,163 | €7,163 | = | 0.0% |
| Distributable reserves | 133 | €62,181 | €62,181 | = | 0.0% |
| Profit (loss) carried forward | 14 | €663,184 | €603,662 | -€59,523 | -9.0% |
| Investment grants | 15 | €41,142 | €32,971 | -€8,171 | -19.9% |
| Amounts payable | 17/49 | €708,798 | €1,170,835 | +€462,037 | +65.2% |
| Amounts payable after more than one year | 17 | €169,926 | €528,074 | +€358,148 | +211% |
| Financial debts | 170/4 | €169,926 | €528,074 | +€358,148 | +211% |
| Amounts payable within one year | 42/48 | €538,873 | €640,559 | +€101,686 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €82,652 | €124,113 | +€41,460 | +50.2% |
| Trade debts | 44 | €59,383 | €275,356 | +€215,973 | +364% |
| Suppliers | 440/4 | €59,383 | €275,356 | +€215,973 | +364% |
| Advances received on contracts in progress | 46 | €136,307 | €138,927 | +€2,620 | +1.9% |
| Taxes, remuneration and social security | 45 | €60,530 | €102,163 | +€41,633 | +68.8% |
| Taxes | 450/3 | €2,832 | €13,972 | +€11,140 | +393% |
| Remuneration and social security | 454/9 | €57,698 | €88,191 | +€30,494 | +52.9% |
| Other amounts payable | 47/48 | €200,000 | - | -€200,000 | |
| Accrued charges and deferred income | 492/3 | - | €2,202 | +€2,202 | |
| Remuneration, social security and pensions | 62 | €391,700 | €561,706 | +€170,006 | +43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,171 | €203,470 | +€45,299 | +28.6% |
| Other operating charges | 640/8 | €54,808 | €64,589 | +€9,781 | +17.8% |
| Non-recurring operating charges | 66A | - | €3,903 | +€3,903 | |
| Gross operating margin | 9900 | €851,935 | €804,417 | -€47,519 | -5.6% |
| Operating profit (loss) | 9901 | €247,257 | -€29,251 | -€276,508 | |
| Financial income | 75/76B | €15,680 | €8,390 | -€7,290 | -46.5% |
| Recurring financial income | 75 | €15,680 | €8,390 | -€7,290 | -46.5% |
| Financial charges | 65/66B | €24,537 | €38,130 | +€13,593 | +55.4% |
| Recurring financial charges | 65 | €24,537 | €38,130 | +€13,593 | +55.4% |
| Profit (loss) for the period before taxes | 9903 | €238,400 | -€58,991 | -€297,391 | |
| Income taxes | 67/77 | €9,263 | €532 | -€8,732 | -94.3% |
| Profit (loss) for the period | 9904 | €229,136 | -€59,523 | -€288,659 | |
| Profit (loss) for the period to be appropriated | 9905 | €229,136 | -€59,523 | -€288,659 |
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 29 October 2026 via checked.be.