A. SOCQUET: 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.
What changed
A. SOCQUET
NACE 49.420, Removal services
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€31,245
2023 · €55,267-€24,022
Equity
€1.2m
2023 · €1.2m+€31,245
Cash
€190,327
2023 · €164,267+€26,060
Balance sheet total
€2.6m
2023 · €2.7m-€40,040
Largest movements
Assets
- Tangible fixed assets -€48,149
down €48,149 (-2.9%), from €1.7m to €1.6m
of which Land and buildings: -€85,462
Equity and liabilities
- Debts after one year -€75,611
down €75,611 (-10.6%), from €713,308 to €637,698
- Profit (loss) carried forward +€61,720
up €61,720 (+36.2%), from €170,359 to €232,079
- Tax, wage and social debts -€40,107
down €40,107 (-47.8%), from €83,948 to €43,841
of which Taxes: -€33,571
- Reserves -€30,475
down €30,475 (-3.2%), from €947,505 to €917,029
of which Tax-exempt reserves: -€30,475
Income statement
- Purchases and services -€106,131
down €106,131 (-27.8%), from €381,184 to €275,052
- Turnover -€56,378
down €56,378 (-6.2%), from €908,423 to €852,045
- Gross operating margin +€49,744
up €49,744 (+9.4%), from €527,249 to €576,993
- Other operating charges +€41,590
up €41,590 (+63.2%), from €65,774 to €107,364
- Taxes +€35,958
up €35,958 (+180%), from €20,000 to €55,958
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.
Result 2023
€55,267
Gross operating margin
+€49,744
Staff costs
+€13,353
Depreciation
-€7,569
Other operating charges
-€41,590
Financial income
+€192
Financial charges
-€2,195
Taxes
-€35,958
Result 2024
€31,245
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€159,666
Investment
-€72,873
Financing
-€60,733
Cash 2023
€164,267
From operations (derived)
+€159,666
Net result for the year
+€31,245
Depreciation
+€121,045
Receivables within one year
+€15,648
Deferred charges and accrued income
+€2,281
Provisions
-€15,692
Trade debts
+€9,090
Tax, wage and social debts
-€40,107
Other debts
+€12,683
Accrued charges and deferred income
+€23,474
Investment (derived)
-€72,873
Investment in fixed assets (net)
-€72,873
Financing
-€60,733
Debts after one year
-€75,611
Current portion of long-term debt
+€14,878
Cash 2024
€190,327
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,669,169 | €2,629,129 | -€40,040 | -1.5% |
| Fixed assets | 21/28 | €1,682,270 | €1,634,099 | -€48,172 | -2.9% |
| Tangible fixed assets | 22/27 | €1,677,736 | €1,629,587 | -€48,149 | -2.9% |
| Land and buildings | 22 | €1,395,840 | €1,310,378 | -€85,462 | -6.1% |
| Plant, machinery and equipment | 23 | €19,489 | €2,229 | -€17,259 | -88.6% |
| Furniture and vehicles | 24 | €262,407 | €316,980 | +€54,572 | +20.8% |
| Financial fixed assets | 28 | €4,534 | €4,512 | -€23 | -0.5% |
| Current assets | 29/58 | €986,899 | €995,030 | +€8,131 | +0.8% |
| Stocks and contracts in progress | 3 | €12,000 | €12,000 | = | 0.0% |
| Stocks | 30/36 | €12,000 | €12,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €806,853 | €791,205 | -€15,648 | -1.9% |
| Trade receivables | 40 | €792,180 | €763,602 | -€28,578 | -3.6% |
| Other amounts receivable | 41 | €14,673 | €27,603 | +€12,930 | +88.1% |
| Cash at bank and in hand | 54/58 | €164,267 | €190,327 | +€26,060 | +15.9% |
| Deferred charges and accrued income | 490/1 | €3,779 | €1,498 | -€2,281 | -60.4% |
| Total equity and liabilities | 10/49 | €2,669,169 | €2,629,129 | -€40,040 | -1.5% |
| Equity | 10/15 | €1,217,863 | €1,249,108 | +€31,245 | +2.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €947,505 | €917,029 | -€30,475 | -3.2% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €477,505 | €447,029 | -€30,475 | -6.4% |
| Distributable reserves | 133 | €450,000 | €450,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,359 | €232,079 | +€61,720 | +36.2% |
| Provisions and deferred taxes | 16 | €269,878 | €254,185 | -€15,692 | -5.8% |
| Deferred taxes | 168 | €269,878 | €254,185 | -€15,692 | -5.8% |
| Amounts payable | 17/49 | €1,181,428 | €1,125,836 | -€55,592 | -4.7% |
| Amounts payable after more than one year | 17 | €713,308 | €637,698 | -€75,611 | -10.6% |
| Financial debts | 170/4 | €713,308 | €637,698 | -€75,611 | -10.6% |
| Amounts payable within one year | 42/48 | €468,120 | €464,665 | -€3,455 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €73,229 | €88,107 | +€14,878 | +20.3% |
| Trade debts | 44 | €80,465 | €89,556 | +€9,090 | +11.3% |
| Suppliers | 440/4 | €80,465 | €89,556 | +€9,090 | +11.3% |
| Taxes, remuneration and social security | 45 | €83,948 | €43,841 | -€40,107 | -47.8% |
| Taxes | 450/3 | €33,571 | - | -€33,571 | |
| Remuneration and social security | 454/9 | €50,376 | €43,841 | -€6,535 | -13.0% |
| Other amounts payable | 47/48 | €230,478 | €243,161 | +€12,683 | +5.5% |
| Accrued charges and deferred income | 492/3 | - | €23,474 | +€23,474 | |
| Turnover | 70 | €908,423 | €852,045 | -€56,378 | -6.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €381,184 | €275,052 | -€106,131 | -27.8% |
| Remuneration, social security and pensions | 62 | €275,229 | €261,875 | -€13,353 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,476 | €121,045 | +€7,569 | +6.7% |
| Other operating charges | 640/8 | €65,774 | €107,364 | +€41,590 | +63.2% |
| Gross operating margin | 9900 | €527,249 | €576,993 | +€49,744 | +9.4% |
| Operating profit (loss) | 9901 | €72,770 | €86,709 | +€13,939 | +19.2% |
| Financial income | 75/76B | €3 | €195 | +€192 | +7,227% |
| Recurring financial income | 75 | €3 | €195 | +€192 | +7,227% |
| Financial charges | 65/66B | €13,199 | €15,393 | +€2,195 | +16.6% |
| Recurring financial charges | 65 | €13,199 | €15,393 | +€2,195 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €59,574 | €71,510 | +€11,936 | +20.0% |
| Transfer from deferred taxes | 780 | €15,692 | €15,692 | = | 0.0% |
| Income taxes | 67/77 | €20,000 | €55,958 | +€35,958 | +180% |
| Profit (loss) for the period | 9904 | €55,267 | €31,245 | -€24,022 | -43.5% |
| Transfer from tax-exempt reserves | 789 | €30,475 | €30,475 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €85,742 | €61,720 | -€24,022 | -28.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.