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.
SOCA
Largest movements
- Receivables within one year +€85,183
up €85,183 (+7.6%), from €1.1m to €1.2m
of which Other amounts receivable: +€95,703
- Current investments -€53,824
down €53,824 (-11.7%), from €459,335 to €405,511
- Tangible fixed assets -€49,029
down €49,029 (-1.9%), from €2.6m to €2.6m
of which Land and buildings: -€48,390
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges -€14,743
down €14,743 (-50.7%), from €29,094 to €14,352
- Financial income +€14,691
up €14,691 (+20.2%), from €72,863 to €87,555
- Financial charges +€6,867
up €6,867 (+408%), from €1,684 to €8,552
- Gross operating margin +€5,183
up €5,183 (+11.8%), from -€43,991 to -€38,808
- Depreciation +€557
up €557 (+1.0%), from €54,585 to €55,142
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,262,255 | €4,218,618 | -€43,637 | -1.0% |
| Fixed assets | 21/28 | €2,625,056 | €2,576,027 | -€49,029 | -1.9% |
| Tangible fixed assets | 22/27 | €2,625,056 | €2,576,027 | -€49,029 | -1.9% |
| Land and buildings | 22 | €2,607,346 | €2,558,956 | -€48,390 | -1.9% |
| Plant, machinery and equipment | 23 | €17,710 | €17,071 | -€639 | -3.6% |
| Current assets | 29/58 | €1,637,200 | €1,642,591 | +€5,392 | +0.3% |
| Amounts receivable within one year | 40/41 | €1,127,698 | €1,212,882 | +€85,183 | +7.6% |
| Trade receivables | 40 | €12,710 | €2,190 | -€10,520 | -82.8% |
| Other amounts receivable | 41 | €1,114,988 | €1,210,692 | +€95,703 | +8.6% |
| Current investments | 50/53 | €459,335 | €405,511 | -€53,824 | -11.7% |
| Cash at bank and in hand | 54/58 | €43,986 | €19,943 | -€24,043 | -54.7% |
| Deferred charges and accrued income | 490/1 | €6,180 | €4,255 | -€1,925 | -31.2% |
| Total equity and liabilities | 10/49 | €4,262,255 | €4,218,618 | -€43,637 | -1.0% |
| Equity | 10/15 | €3,882,640 | €3,856,610 | -€26,029 | -0.7% |
| Contributions | 10/11 | €2,085,551 | €2,085,551 | = | 0.0% |
| Capital | 10 | €2,085,551 | €2,085,551 | = | 0.0% |
| Issued capital | 100 | €2,085,551 | €2,085,551 | = | 0.0% |
| Reserves | 13 | €8,287,942 | €8,278,135 | -€9,807 | -0.1% |
| Non-distributable reserves | 130/1 | €208,555 | €208,555 | = | 0.0% |
| Reserves not available under the articles | 1311 | €208,555 | €208,555 | = | 0.0% |
| Tax-exempt reserves | 132 | €238,204 | €228,397 | -€9,807 | -4.1% |
| Distributable reserves | 133 | €7,841,183 | €7,841,183 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,490,853 | -€6,507,075 | -€16,223 | -0.2% |
| Provisions and deferred taxes | 16 | €74,097 | €70,828 | -€3,269 | -4.4% |
| Deferred taxes | 168 | €74,097 | €70,828 | -€3,269 | -4.4% |
| Amounts payable | 17/49 | €305,519 | €291,180 | -€14,339 | -4.7% |
| Amounts payable after more than one year | 17 | €300,000 | €276,000 | -€24,000 | -8.0% |
| Financial debts | 170/4 | €300,000 | €276,000 | -€24,000 | -8.0% |
| Amounts payable within one year | 42/48 | €5,519 | €15,180 | +€9,661 | +175% |
| Trade debts | 44 | €4,482 | €12,429 | +€7,946 | +177% |
| Suppliers | 440/4 | €4,482 | €12,429 | +€7,946 | +177% |
| Advances received on contracts in progress | 46 | - | €80 | +€80 | |
| Taxes, remuneration and social security | 45 | €1,036 | €2,671 | +€1,635 | +158% |
| Taxes | 450/3 | €1,036 | €1,511 | +€475 | +45.8% |
| Remuneration and social security | 454/9 | - | €1,160 | +€1,160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,585 | €55,142 | +€557 | +1.0% |
| Other operating charges | 640/8 | €29,094 | €14,352 | -€14,743 | -50.7% |
| Non-recurring operating charges | 66A | €2,009 | - | -€2,009 | |
| Gross operating margin | 9900 | -€43,991 | -€38,808 | +€5,183 | +11.8% |
| Operating profit (loss) | 9901 | -€129,680 | -€108,301 | +€21,378 | +16.5% |
| Financial income | 75/76B | €72,863 | €87,555 | +€14,691 | +20.2% |
| Recurring financial income | 75 | €72,863 | €87,555 | +€14,691 | +20.2% |
| Financial charges | 65/66B | €1,684 | €8,552 | +€6,867 | +408% |
| Recurring financial charges | 65 | €1,684 | €8,552 | +€6,867 | +408% |
| Profit (loss) for the period before taxes | 9903 | -€58,501 | -€29,298 | +€29,202 | +49.9% |
| Transfer from deferred taxes | 780 | €3,269 | €3,269 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€55,232 | -€26,029 | +€29,202 | +52.9% |
| Transfer from tax-exempt reserves | 789 | €9,807 | €9,807 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,425 | -€16,223 | +€29,202 | +64.3% |
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 25 October 2026 via checked.be.