SOCA: 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
SOCA
NACE 43.320, Joinery installation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€3,376
2024 · €14,883-€18,260
Equity
€142,167
2024 · €145,543-€3,376
Cash
€35,318
2024 · €28,260+€7,057
Balance sheet total
€504,291
2024 · €512,886-€8,596
Largest movements
Assets
- Tangible fixed assets -€19,770
down €19,770 (-5.6%), from €351,035 to €331,264
of which Land and buildings: -€12,372
- Cash +€7,057
up €7,057 (+25.0%), from €28,260 to €35,318
mainly Depreciation (+€19,770) and Trade debts (+€16,273)
Equity and liabilities
- Debts after one year -€19,333
down €19,333 (-8.8%), from €219,111 to €199,777
- Trade debts +€16,273
up €16,273 (+213%), from €7,643 to €23,916
Income statement
- Gross operating margin -€36,889
down €36,889 (-21.0%), from €175,853 to €138,964
- Depreciation -€5,133
down €5,133 (-20.6%), from €24,903 to €19,770
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.
Result 2024
€14,883
Gross operating margin
-€36,889
Staff costs
+€1,085
Depreciation
+€5,133
Other operating charges
+€183
Other operating items
+€11,696
Financial income
-€170
Financial charges
+€703
Result 2025
-€3,376
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€27,050
Investment
€0
Financing
-€19,993
Cash 2024
€28,260
From operations (derived)
+€27,050
Net result for the year
-€3,376
Depreciation
+€19,770
Stocks and contracts
+€512
Receivables within one year
-€4,160
Deferred charges and accrued income
-€468
Trade debts
+€16,273
Tax, wage and social debts
+€222
Other debts
-€1,592
Accrued charges and deferred income
-€128
Financing
-€19,993
Debts after one year
-€19,333
Current portion of long-term debt
-€659
Cash 2025
€35,318
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €512,886 | €504,291 | -€8,596 | -1.7% |
| Fixed assets | 21/28 | €351,035 | €331,264 | -€19,770 | -5.6% |
| Tangible fixed assets | 22/27 | €351,035 | €331,264 | -€19,770 | -5.6% |
| Land and buildings | 22 | €330,888 | €318,515 | -€12,372 | -3.7% |
| Plant, machinery and equipment | 23 | €12,317 | €9,437 | -€2,879 | -23.4% |
| Furniture and vehicles | 24 | €7,830 | €3,312 | -€4,518 | -57.7% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €161,852 | €173,026 | +€11,174 | +6.9% |
| Stocks and contracts in progress | 3 | €71,903 | €71,392 | -€512 | -0.7% |
| Stocks | 30/36 | €53,614 | €54,485 | +€871 | +1.6% |
| Contracts in progress | 37 | €18,289 | €16,906 | -€1,383 | -7.6% |
| Amounts receivable within one year | 40/41 | €56,457 | €60,618 | +€4,160 | +7.4% |
| Trade receivables | 40 | €56,248 | €59,831 | +€3,584 | +6.4% |
| Other amounts receivable | 41 | €210 | €786 | +€577 | +275% |
| Cash at bank and in hand | 54/58 | €28,260 | €35,318 | +€7,057 | +25.0% |
| Deferred charges and accrued income | 490/1 | €5,231 | €5,699 | +€468 | +9.0% |
| Total equity and liabilities | 10/49 | €512,886 | €504,291 | -€8,596 | -1.7% |
| Equity | 10/15 | €145,543 | €142,167 | -€3,376 | -2.3% |
| Contributions | 10/11 | €117,600 | €117,600 | = | 0.0% |
| Reserves | 13 | €72,109 | €72,109 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,423 | €50,423 | = | 0.0% |
| Distributable reserves | 133 | €21,686 | €21,686 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,166 | -€47,542 | -€3,376 | -7.6% |
| Amounts payable | 17/49 | €367,343 | €362,124 | -€5,219 | -1.4% |
| Amounts payable after more than one year | 17 | €219,111 | €199,777 | -€19,333 | -8.8% |
| Financial debts | 170/4 | €219,111 | €199,777 | -€19,333 | -8.8% |
| Amounts payable within one year | 42/48 | €148,104 | €162,347 | +€14,242 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €19,993 | €19,333 | -€659 | -3.3% |
| Trade debts | 44 | €7,643 | €23,916 | +€16,273 | +213% |
| Suppliers | 440/4 | €7,643 | €23,916 | +€16,273 | +213% |
| Taxes, remuneration and social security | 45 | €6,332 | €6,553 | +€222 | +3.5% |
| Taxes | 450/3 | €3,542 | €1,029 | -€2,513 | -70.9% |
| Remuneration and social security | 454/9 | €2,790 | €5,524 | +€2,734 | +98.0% |
| Other amounts payable | 47/48 | €114,137 | €112,544 | -€1,592 | -1.4% |
| Accrued charges and deferred income | 492/3 | €128 | €0 | -€128 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €114,307 | €113,222 | -€1,085 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,903 | €19,770 | -€5,133 | -20.6% |
| Other operating charges | 640/8 | €2,897 | €2,714 | -€183 | -6.3% |
| Non-recurring operating charges | 66A | €11,696 | €0 | -€11,696 | -100% |
| Gross operating margin | 9900 | €175,853 | €138,964 | -€36,889 | -21.0% |
| Operating profit (loss) | 9901 | €22,050 | €3,258 | -€18,792 | -85.2% |
| Financial income | 75/76B | €171 | €1 | -€170 | -99.5% |
| Recurring financial income | 75 | €171 | €1 | -€170 | -99.5% |
| Financial charges | 65/66B | €7,338 | €6,635 | -€703 | -9.6% |
| Recurring financial charges | 65 | €7,338 | €6,635 | -€703 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €14,883 | -€3,376 | -€18,260 | |
| Profit (loss) for the period | 9904 | €14,883 | -€3,376 | -€18,260 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,883 | -€3,376 | -€18,260 |
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 17 October 2026 via checked.be.