SOGRA: 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.
SOGRA
Largest movements
- Tangible fixed assets -€245,510
down €245,510 (-17.0%), from €1.4m to €1.2m
of which Furniture and vehicles: -€242,121
- Cash +€142,559
up €142,559 (+49.4%), from €288,714 to €431,273
mainly Depreciation (+€253,796) and Trade debts (+€34,863)
- Deferred charges and accrued income +€25,019
up €25,019 (+503%), from €4,971 to €29,990
- Debts after one year -€120,986
down €120,986 (-13.9%), from €868,893 to €747,907
- Trade debts +€34,863
up €34,863 (+982%), from €3,549 to €38,412
- Gross operating margin +€23,116
up €23,116 (+8.6%), from €270,037 to €293,153
- Financial income -€4,582
down €4,582 (-54.1%), from €8,469 to €3,887
- Financial charges -€3,396
down €3,396 (-7.5%), from €45,294 to €41,898
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 | €1,776,699 | €1,683,670 | -€93,029 | -5.2% |
| Fixed assets | 21/28 | €1,445,053 | €1,199,543 | -€245,510 | -17.0% |
| Tangible fixed assets | 22/27 | €1,445,053 | €1,199,543 | -€245,510 | -17.0% |
| Land and buildings | 22 | €190,089 | €182,792 | -€7,297 | -3.8% |
| Plant, machinery and equipment | 23 | €14,703 | €18,611 | +€3,908 | +26.6% |
| Furniture and vehicles | 24 | €1,240,261 | €998,140 | -€242,121 | -19.5% |
| Current assets | 29/58 | €331,646 | €484,127 | +€152,482 | +46.0% |
| Amounts receivable within one year | 40/41 | €37,961 | €22,864 | -€15,096 | -39.8% |
| Trade receivables | 40 | €36,231 | €20,410 | -€15,821 | -43.7% |
| Other amounts receivable | 41 | €1,729 | €2,454 | +€725 | +41.9% |
| Cash at bank and in hand | 54/58 | €288,714 | €431,273 | +€142,559 | +49.4% |
| Deferred charges and accrued income | 490/1 | €4,971 | €29,990 | +€25,019 | +503% |
| Total equity and liabilities | 10/49 | €1,776,699 | €1,683,670 | -€93,029 | -5.2% |
| Equity | 10/15 | €529,186 | €526,077 | -€3,109 | -0.6% |
| Contributions | 10/11 | €186,000 | €186,000 | = | 0.0% |
| Capital | 10 | €186,000 | €186,000 | = | 0.0% |
| Issued capital | 100 | €186,000 | €186,000 | = | 0.0% |
| Reserves | 13 | €557,688 | €557,688 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,750 | €11,750 | = | 0.0% |
| Legal reserve | 130 | €11,750 | €11,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €345,938 | €345,938 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€214,502 | -€217,611 | -€3,109 | -1.4% |
| Amounts payable | 17/49 | €1,247,513 | €1,157,594 | -€89,919 | -7.2% |
| Amounts payable after more than one year | 17 | €868,893 | €747,907 | -€120,986 | -13.9% |
| Financial debts | 170/4 | €868,893 | €747,907 | -€120,986 | -13.9% |
| Amounts payable within one year | 42/48 | €375,672 | €407,118 | +€31,446 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €145,069 | €145,986 | +€917 | +0.6% |
| Trade debts | 44 | €3,549 | €38,412 | +€34,863 | +982% |
| Suppliers | 440/4 | €3,549 | €38,412 | +€34,863 | +982% |
| Taxes, remuneration and social security | 45 | €9,477 | €7,554 | -€1,923 | -20.3% |
| Taxes | 450/3 | €9,477 | €7,554 | -€1,923 | -20.3% |
| Other amounts payable | 47/48 | €217,577 | €215,167 | -€2,410 | -1.1% |
| Accrued charges and deferred income | 492/3 | €2,948 | €2,568 | -€379 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €253,366 | €253,796 | +€429 | +0.2% |
| Other operating charges | 640/8 | €4,374 | €3,820 | -€553 | -12.6% |
| Gross operating margin | 9900 | €270,037 | €293,153 | +€23,116 | +8.6% |
| Operating profit (loss) | 9901 | €12,297 | €35,537 | +€23,240 | +189% |
| Financial income | 75/76B | €8,469 | €3,887 | -€4,582 | -54.1% |
| Recurring financial income | 75 | €8,469 | €3,887 | -€4,582 | -54.1% |
| Financial charges | 65/66B | €45,294 | €41,898 | -€3,396 | -7.5% |
| Recurring financial charges | 65 | €45,294 | €41,898 | -€3,396 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€24,528 | -€2,474 | +€22,054 | +89.9% |
| Income taxes | 67/77 | €629 | €636 | +€7 | +1.1% |
| Profit (loss) for the period | 9904 | -€25,156 | -€3,109 | +€22,047 | +87.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,156 | -€3,109 | +€22,047 | +87.6% |
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.