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.
SOGEBEL
Largest movements
- Cash -€7,633
down €7,633 (-13.7%), from €55,862 to €48,229
mainly Debts after one year (-€7,935) and Trade debts (-€3,863)
- Tangible fixed assets -€7,045
down €7,045 (-3.9%), from €181,779 to €174,734
of which Land and buildings: -€6,391
- Debts after one year -€7,935
down €7,935 (-34.6%), from €22,939 to €15,005
- Trade debts -€3,863
down €3,863 (-72.7%), from €5,314 to €1,450
- Gross operating margin -€5,373
down €5,373 (-30.6%), from €17,560 to €12,187
- Depreciation -€1,983
down €1,983 (-19.9%), from €9,981 to €7,998
- Taxes -€1,706
down €1,706 (-84.4%), from €2,022 to €316
- Other operating charges +€646
up €646 (+9.3%), from €6,952 to €7,598
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €245,087 | €227,854 | -€17,234 | -7.0% |
| Fixed assets | 21/28 | €181,928 | €174,883 | -€7,045 | -3.9% |
| Tangible fixed assets | 22/27 | €181,779 | €174,734 | -€7,045 | -3.9% |
| Land and buildings | 22 | €179,291 | €172,901 | -€6,391 | -3.6% |
| Furniture and vehicles | 24 | €374 | €188 | -€185 | -49.6% |
| Other tangible fixed assets | 26 | €2,114 | €1,645 | -€469 | -22.2% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €63,160 | €52,971 | -€10,189 | -16.1% |
| Amounts receivable within one year | 40/41 | €3,339 | €2,603 | -€736 | -22.1% |
| Trade receivables | 40 | €2,255 | €1,519 | -€736 | -32.6% |
| Other amounts receivable | 41 | €1,083 | €1,083 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €55,862 | €48,229 | -€7,633 | -13.7% |
| Deferred charges and accrued income | 490/1 | €3,959 | €2,140 | -€1,820 | -46.0% |
| Total equity and liabilities | 10/49 | €245,087 | €227,854 | -€17,234 | -7.0% |
| Equity | 10/15 | €177,219 | €173,838 | -€3,381 | -1.9% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €72,102 | €69,926 | -€2,177 | -3.0% |
| Tax-exempt reserves | 132 | €46,652 | €44,476 | -€2,177 | -4.7% |
| Distributable reserves | 133 | €25,450 | €25,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,666 | €83,461 | -€1,205 | -1.4% |
| Provisions and deferred taxes | 16 | €24,022 | €22,902 | -€1,121 | -4.7% |
| Deferred taxes | 168 | €24,022 | €22,902 | -€1,121 | -4.7% |
| Amounts payable | 17/49 | €43,846 | €31,114 | -€12,732 | -29.0% |
| Amounts payable after more than one year | 17 | €22,939 | €15,005 | -€7,935 | -34.6% |
| Financial debts | 170/4 | €22,939 | €15,005 | -€7,935 | -34.6% |
| Amounts payable within one year | 42/48 | €19,421 | €15,539 | -€3,882 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €7,763 | €7,935 | +€172 | +2.2% |
| Trade debts | 44 | €5,314 | €1,450 | -€3,863 | -72.7% |
| Suppliers | 440/4 | €5,314 | €1,450 | -€3,863 | -72.7% |
| Taxes, remuneration and social security | 45 | €277 | €667 | +€390 | +140.5% |
| Taxes | 450/3 | €277 | €667 | +€390 | +140.5% |
| Other amounts payable | 47/48 | €6,067 | €5,487 | -€580 | -9.6% |
| Accrued charges and deferred income | 492/3 | €1,485 | €570 | -€915 | -61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,981 | €7,998 | -€1,983 | -19.9% |
| Other operating charges | 640/8 | €6,952 | €7,598 | +€646 | +9.3% |
| Gross operating margin | 9900 | €17,560 | €12,187 | -€5,373 | -30.6% |
| Operating profit (loss) | 9901 | €628 | -€3,409 | -€4,037 | |
| Financial income | 75/76B | €2 | €30 | +€27 | +1107.7% |
| Recurring financial income | 75 | €2 | €30 | +€27 | +1107.7% |
| Financial charges | 65/66B | €878 | €807 | -€71 | -8.0% |
| Recurring financial charges | 65 | €878 | €807 | -€71 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€247 | -€4,186 | -€3,939 | -1591.5% |
| Transfer from deferred taxes | 780 | €1,121 | €1,121 | = | 0.0% |
| Income taxes | 67/77 | €2,022 | €316 | -€1,706 | -84.4% |
| Profit (loss) for the period | 9904 | -€1,149 | -€3,381 | -€2,233 | -194.3% |
| Transfer from tax-exempt reserves | 789 | €2,177 | €2,177 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,028 | -€1,205 | -€2,233 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.