Sogephar: what changed
Two fiscal 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.
Sogephar
Largest movements
- Receivables within one year +€22,317
up €22,317 (+54.3%), from €41,132 to €63,448
of which Trade receivables: +€18,117
- Stocks and contracts +€20,750
up €20,750 (+22.1%), from €93,767 to €114,517
- Other debts +€25,000
new in 2025: €25,000
- Profit (loss) carried forward -€24,001
down €24,001 (-100.0%), from €24,001 to €0
- Reserves +€22,220
up €22,220 (+14.4%), from €153,927 to €176,147
- Trade debts +€17,297
up €17,297 (+63.9%), from €27,085 to €44,382
- Staff costs +€15,035
up €15,035 (+18.0%), from €83,311 to €98,346
- Gross operating margin +€7,145
up €7,145 (+5.2%), from €137,188 to €144,333
- Financial charges +€5,145
up €5,145 (+106.8%), from €4,819 to €9,965
- Taxes -€2,714
down €2,714 (-20.8%), from €13,052 to €10,338
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 | €296,949 | €337,204 | +€40,255 | +13.6% |
| Fixed assets | 21/28 | €13,765 | €10,899 | -€2,866 | -20.8% |
| Tangible fixed assets | 22/27 | €13,403 | €10,537 | -€2,866 | -21.4% |
| Plant, machinery and equipment | 23 | €11,265 | €9,391 | -€1,873 | -16.6% |
| Furniture and vehicles | 24 | €2,139 | €1,146 | -€993 | -46.4% |
| Financial fixed assets | 28 | €362 | €362 | = | 0.0% |
| Current assets | 29/58 | €283,185 | €326,306 | +€43,121 | +15.2% |
| Stocks and contracts in progress | 3 | €93,767 | €114,517 | +€20,750 | +22.1% |
| Stocks | 30/36 | €93,767 | €114,517 | +€20,750 | +22.1% |
| Amounts receivable within one year | 40/41 | €41,132 | €63,448 | +€22,317 | +54.3% |
| Trade receivables | 40 | €34,132 | €52,248 | +€18,117 | +53.1% |
| Other amounts receivable | 41 | €7,000 | €11,200 | +€4,200 | +60.0% |
| Cash at bank and in hand | 54/58 | €147,773 | €148,097 | +€324 | +0.2% |
| Deferred charges and accrued income | 490/1 | €513 | €244 | -€269 | -52.5% |
| Total equity and liabilities | 10/49 | €296,949 | €337,204 | +€40,255 | +13.6% |
| Equity | 10/15 | €234,973 | €233,192 | -€1,781 | -0.8% |
| Contributions | 10/11 | €57,045 | €57,045 | = | 0.0% |
| Reserves | 13 | €153,927 | €176,147 | +€22,220 | +14.4% |
| Distributable reserves | 133 | €153,927 | €176,147 | +€22,220 | +14.4% |
| Profit (loss) carried forward | 14 | €24,001 | €0 | -€24,001 | -100.0% |
| Amounts payable | 17/49 | €61,977 | €104,013 | +€42,036 | +67.8% |
| Amounts payable within one year | 42/48 | €61,977 | €104,013 | +€42,036 | +67.8% |
| Financial debts | 43 | €15,000 | €15,000 | = | 0.0% |
| Credit institutions | 430/8 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €27,085 | €44,382 | +€17,297 | +63.9% |
| Suppliers | 440/4 | €27,085 | €44,382 | +€17,297 | +63.9% |
| Taxes, remuneration and social security | 45 | €19,892 | €19,631 | -€261 | -1.3% |
| Taxes | 450/3 | €8,953 | €8,477 | -€476 | -5.3% |
| Remuneration and social security | 454/9 | €10,939 | €11,154 | +€215 | +2.0% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Remuneration, social security and pensions | 62 | €83,311 | €98,346 | +€15,035 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,028 | €2,866 | -€162 | -5.4% |
| Other operating charges | 640/8 | €475 | €472 | -€4 | -0.8% |
| Gross operating margin | 9900 | €137,188 | €144,333 | +€7,145 | +5.2% |
| Operating profit (loss) | 9901 | €50,374 | €42,650 | -€7,724 | -15.3% |
| Financial income | 75/76B | €904 | €872 | -€33 | -3.6% |
| Recurring financial income | 75 | €904 | €872 | -€33 | -3.6% |
| Financial charges | 65/66B | €4,819 | €9,965 | +€5,145 | +106.8% |
| Recurring financial charges | 65 | €4,819 | €9,965 | +€5,145 | +106.8% |
| Profit (loss) for the period before taxes | 9903 | €46,459 | €33,557 | -€12,902 | -27.8% |
| Income taxes | 67/77 | €13,052 | €10,338 | -€2,714 | -20.8% |
| Profit (loss) for the period | 9904 | €33,407 | €23,219 | -€10,188 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,407 | €23,219 | -€10,188 | -30.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.