SOGUI: 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.
SOGUI
Largest movements
- Stocks and contracts +€1.2m
new in 2025: €1.2m
- Receivables within one year +€56,425
up €56,425 (+137.7%), from €40,988 to €97,412
of which Trade receivables: +€54,504
- Cash -€51,659
down €51,659 (-50.6%), from €102,131 to €50,472
mainly Stocks and contracts (-€1.2m) and Contributions, distributions and other (-€60,000)
- Debts after one year +€1.2m
up €1.2m, from €0 to €1.2m
of which Financial debts: +€1.2m
- Profit (loss) carried forward -€53,012
down €53,012 (-83.9%), from €63,174 to €10,162
- Other debts +€43,096
up €43,096 (+71.5%), from €60,300 to €103,395
- Trade debts +€17,567
up €17,567 (+451.7%), from €3,889 to €21,456
- Gross operating margin -€137,687
down €137,687 (-79.6%), from €172,992 to €35,304
- Other operating charges -€129,639
down €129,639 (-99.9%), from €129,789 to €150
- Financial charges +€17,335
up €17,335 (+4374.1%), from €396 to €17,731
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.
Cash bridge derived
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 | €160,102 | €1,357,238 | +€1.2m | +747.7% |
| Fixed assets | 21/28 | €15,775 | €12,710 | -€3,065 | -19.4% |
| Tangible fixed assets | 22/27 | €15,775 | €12,710 | -€3,065 | -19.4% |
| Land and buildings | 22 | €1,574 | €1,459 | -€115 | -7.3% |
| Furniture and vehicles | 24 | €8,152 | €3,376 | -€4,777 | -58.6% |
| Other tangible fixed assets | 26 | €6,048 | €7,875 | +€1,827 | +30.2% |
| Current assets | 29/58 | €144,327 | €1,344,529 | +€1.2m | +831.6% |
| Stocks and contracts in progress | 3 | - | €1,195,908 | +€1.2m | |
| Stocks | 30/36 | - | €1,195,908 | +€1.2m | |
| Amounts receivable within one year | 40/41 | €40,988 | €97,412 | +€56,425 | +137.7% |
| Trade receivables | 40 | €40,988 | €95,492 | +€54,504 | +133.0% |
| Other amounts receivable | 41 | - | €1,920 | +€1,920 | |
| Cash at bank and in hand | 54/58 | €102,131 | €50,472 | -€51,659 | -50.6% |
| Deferred charges and accrued income | 490/1 | €1,208 | €737 | -€472 | -39.0% |
| Total equity and liabilities | 10/49 | €160,102 | €1,357,238 | +€1.2m | +747.7% |
| Equity | 10/15 | €73,174 | €20,162 | -€53,012 | -72.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,174 | €10,162 | -€53,012 | -83.9% |
| Amounts payable | 17/49 | €86,928 | €1,337,076 | +€1.3m | +1438.1% |
| Amounts payable after more than one year | 17 | €0 | €1,202,047 | +€1.2m | |
| Financial debts | 170/4 | €0 | €1,200,452 | +€1.2m | |
| Other amounts payable | 178/9 | - | €1,595 | +€1,595 | |
| Amounts payable within one year | 42/48 | €86,834 | €135,029 | +€48,196 | +55.5% |
| Trade debts | 44 | €3,889 | €21,456 | +€17,567 | +451.7% |
| Suppliers | 440/4 | €3,889 | €21,456 | +€17,567 | +451.7% |
| Taxes, remuneration and social security | 45 | €22,645 | €10,178 | -€12,467 | -55.1% |
| Taxes | 450/3 | €22,645 | €10,178 | -€12,467 | -55.1% |
| Other amounts payable | 47/48 | €60,300 | €103,395 | +€43,096 | +71.5% |
| Accrued charges and deferred income | 492/3 | €94 | €0 | -€94 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,202 | €5,625 | -€1,578 | -21.9% |
| Other operating charges | 640/8 | €129,789 | €150 | -€129,639 | -99.9% |
| Gross operating margin | 9900 | €172,992 | €35,304 | -€137,687 | -79.6% |
| Operating profit (loss) | 9901 | €36,000 | €29,529 | -€6,471 | -18.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €396 | €17,731 | +€17,335 | +4374.1% |
| Recurring financial charges | 65 | €396 | €17,731 | +€17,335 | +4374.1% |
| Profit (loss) for the period before taxes | 9903 | €35,604 | €11,798 | -€23,806 | -66.9% |
| Income taxes | 67/77 | €5,095 | €4,810 | -€285 | -5.6% |
| Profit (loss) for the period | 9904 | €30,509 | €6,988 | -€23,521 | -77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,509 | €6,988 | -€23,521 | -77.1% |
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 9 October 2026 via checked.be.