SOGIMAT: 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.
SOGIMAT
Largest movements
- Tangible fixed assets -€54,956
down €54,956 (-3.9%), from €1.4m to €1.4m
of which Land and buildings: -€54,234
- Cash +€54,261
up €54,261 (+15.7%), from €345,549 to €399,810
mainly Depreciation (+€62,177) and Other debts (+€38,390)
- Profit (loss) carried forward -€39,887
down €39,887 (-7.9%), from €507,766 to €467,879
- Other debts +€38,390
up €38,390 (+197%), from €19,447 to €57,837
- Financial charges -€3,545
down €3,545 (-83.7%), from €4,237 to €692
- Depreciation +€697
up €697 (+1.1%), from €61,480 to €62,177
- Gross operating margin -€620
down €620 (-1.1%), from €54,556 to €53,936
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 | €2,093,113 | €2,104,128 | +€11,015 | +0.5% |
| Fixed assets | 21/28 | €1,412,974 | €1,357,968 | -€55,006 | -3.9% |
| Tangible fixed assets | 22/27 | €1,412,924 | €1,357,968 | -€54,956 | -3.9% |
| Land and buildings | 22 | €1,362,926 | €1,308,693 | -€54,234 | -4.0% |
| Plant, machinery and equipment | 23 | €49,997 | €49,275 | -€722 | -1.4% |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €680,139 | €746,160 | +€66,021 | +9.7% |
| Current investments | 50/53 | €334,591 | €346,140 | +€11,550 | +3.5% |
| Cash at bank and in hand | 54/58 | €345,549 | €399,810 | +€54,261 | +15.7% |
| Deferred charges and accrued income | 490/1 | - | €210 | +€210 | |
| Total equity and liabilities | 10/49 | €2,093,113 | €2,104,128 | +€11,015 | +0.5% |
| Equity | 10/15 | €1,608,092 | €1,558,431 | -€49,661 | -3.1% |
| Contributions | 10/11 | €172,683 | €172,683 | = | 0.0% |
| Capital | 10 | €172,683 | €172,683 | = | 0.0% |
| Issued capital | 100 | €172,683 | €172,683 | = | 0.0% |
| Reserves | 13 | €927,643 | €917,869 | -€9,774 | -1.1% |
| Non-distributable reserves | 130/1 | €27,268 | €27,268 | = | 0.0% |
| Legal reserve | 130 | €27,268 | €27,268 | = | 0.0% |
| Tax-exempt reserves | 132 | €893,314 | €883,540 | -€9,774 | -1.1% |
| Distributable reserves | 133 | €7,061 | €7,061 | = | 0.0% |
| Profit (loss) carried forward | 14 | €507,766 | €467,879 | -€39,887 | -7.9% |
| Provisions and deferred taxes | 16 | €364,945 | €361,022 | -€3,922 | -1.1% |
| Deferred taxes | 168 | €364,945 | €361,022 | -€3,922 | -1.1% |
| Amounts payable | 17/49 | €120,076 | €184,674 | +€64,598 | +53.8% |
| Amounts payable within one year | 42/48 | €22,332 | €74,063 | +€51,731 | +232% |
| Trade debts | 44 | €2,325 | €16,016 | +€13,691 | +589% |
| Suppliers | 440/4 | €2,325 | €16,016 | +€13,691 | +589% |
| Taxes, remuneration and social security | 45 | €560 | €210 | -€350 | -62.5% |
| Taxes | 450/3 | €560 | €210 | -€350 | -62.5% |
| Other amounts payable | 47/48 | €19,447 | €57,837 | +€38,390 | +197% |
| Accrued charges and deferred income | 492/3 | €97,745 | €110,611 | +€12,867 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,480 | €62,177 | +€697 | +1.1% |
| Gross operating margin | 9900 | €54,556 | €53,936 | -€620 | -1.1% |
| Operating profit (loss) | 9901 | -€6,924 | -€8,241 | -€1,317 | -19.0% |
| Financial income | 75/76B | €2,080 | €2,320 | +€240 | +11.5% |
| Recurring financial income | 75 | €2,080 | €2,320 | +€240 | +11.5% |
| Financial charges | 65/66B | €4,237 | €692 | -€3,545 | -83.7% |
| Recurring financial charges | 65 | €4,237 | €692 | -€3,545 | -83.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,081 | -€6,613 | +€2,468 | +27.2% |
| Transfer from deferred taxes | 780 | €3,922 | €3,922 | = | 0.0% |
| Income taxes | 67/77 | €374 | €577 | +€203 | +54.2% |
| Profit (loss) for the period | 9904 | -€5,533 | -€3,268 | +€2,265 | +40.9% |
| Transfer from tax-exempt reserves | 789 | €9,774 | €9,774 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,242 | €6,506 | +€2,265 | +53.4% |
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 30 October 2026 via checked.be.