SOCABELEC: 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.
SOCABELEC
Largest movements
- Receivables within one year -€702,869
down €702,869 (-78.5%), from €895,303 to €192,435
of which Trade receivables: -€608,211
- Receivables after one year -€350,103
no longer reported in 2025 (was €350,103)
- Intangible fixed assets +€330,246
up €330,246 (+12806.7%), from €2,579 to €332,825
- Cash -€309,228
down €309,228 (-45.0%), from €686,869 to €377,641
- Stocks and contracts -€192,314
down €192,314 (-33.4%), from €574,941 to €382,627
- Reserves -€841,000
down €841,000 (-37.6%), from €2.2m to €1.4m
of which Distributable reserves: -€841,000
- Profit (loss) carried forward -€447,704
down €447,704, from €211,858 to -€235,847
- Short-term financial debts +€200,000
new in 2025: €200,000
- Advances received -€138,350
no longer reported in 2025 (was €138,350)
- Tax, wage and social debts +€65,119
up €65,119 (+47.0%), from €138,655 to €203,775
of which Remuneration and social security: +€74,397
- Financial income +€768,710
up €768,710 (+8287.2%), from €9,276 to €777,986
of which Non-recurring financial income: +€766,324
- Turnover -€460,855
down €460,855 (-23.2%), from €2.0m to €1.5m
- Write-downs +€408,576
up €408,576, from -€12,750 to €395,826
- Gross operating margin -€247,959
down €247,959 (-33.8%), from €734,201 to €486,242
- Staff costs +€233,581
up €233,581 (+29.7%), from €786,355 to €1.0m
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,323,935 | €2,180,156 | -€1.1m | -34.4% |
| Fixed assets | 21/28 | €321,370 | €724,314 | +€402,945 | +125.4% |
| Intangible fixed assets | 21 | €2,579 | €332,825 | +€330,246 | +12806.7% |
| Tangible fixed assets | 22/27 | €318,541 | €365,774 | +€47,234 | +14.8% |
| Land and buildings | 22 | €254,016 | €328,371 | +€74,355 | +29.3% |
| Plant, machinery and equipment | 23 | €177 | €769 | +€593 | +335.1% |
| Furniture and vehicles | 24 | €64,348 | €36,634 | -€27,714 | -43.1% |
| Financial fixed assets | 28 | €250 | €25,715 | +€25,465 | +10186.0% |
| Current assets | 29/58 | €3,002,565 | €1,455,841 | -€1.5m | -51.5% |
| Amounts receivable after more than one year | 29 | €350,103 | - | -€350,103 | |
| Other amounts receivable | 291 | €350,103 | - | -€350,103 | |
| Stocks and contracts in progress | 3 | €574,941 | €382,627 | -€192,314 | -33.4% |
| Stocks | 30/36 | €574,941 | €382,627 | -€192,314 | -33.4% |
| Amounts receivable within one year | 40/41 | €895,303 | €192,435 | -€702,869 | -78.5% |
| Trade receivables | 40 | €729,354 | €121,142 | -€608,211 | -83.4% |
| Other amounts receivable | 41 | €165,950 | €71,292 | -€94,657 | -57.0% |
| Current investments | 50/53 | €471,699 | €471,723 | +€24 | 0.0% |
| Cash at bank and in hand | 54/58 | €686,869 | €377,641 | -€309,228 | -45.0% |
| Deferred charges and accrued income | 490/1 | €23,650 | €31,415 | +€7,765 | +32.8% |
| Total equity and liabilities | 10/49 | €3,323,935 | €2,180,156 | -€1.1m | -34.4% |
| Equity | 10/15 | €2,623,552 | €1,334,848 | -€1.3m | -49.1% |
| Contributions | 10/11 | €174,000 | €174,000 | = | 0.0% |
| Capital | 10 | €174,000 | €174,000 | = | 0.0% |
| Issued capital | 100 | €174,000 | €174,000 | = | 0.0% |
| Reserves | 13 | €2,237,695 | €1,396,695 | -€841,000 | -37.6% |
| Non-distributable reserves | 130/1 | €489,099 | €489,099 | = | 0.0% |
| Legal reserve | 130 | €17,400 | €17,400 | = | 0.0% |
| Own shares acquired | 1312 | €471,699 | €471,699 | = | 0.0% |
| Tax-exempt reserves | 132 | €64,295 | €64,295 | = | 0.0% |
| Distributable reserves | 133 | €1,684,301 | €843,301 | -€841,000 | -49.9% |
| Profit (loss) carried forward | 14 | €211,858 | -€235,847 | -€447,704 | |
| Amounts payable | 17/49 | €700,383 | €845,308 | +€144,925 | +20.7% |
| Amounts payable after more than one year | 17 | €213,414 | €184,080 | -€29,334 | -13.7% |
| Financial debts | 170/4 | €213,414 | €184,080 | -€29,334 | -13.7% |
| Amounts payable within one year | 42/48 | €485,737 | €661,228 | +€175,490 | +36.1% |
| Current portion of amounts payable after more than one year | 42 | €54,223 | €48,839 | -€5,383 | -9.9% |
| Financial debts | 43 | - | €200,000 | +€200,000 | |
| Credit institutions | 430/8 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €60,509 | €54,385 | -€6,124 | -10.1% |
| Suppliers | 440/4 | €60,509 | €54,385 | -€6,124 | -10.1% |
| Advances received on contracts in progress | 46 | €138,350 | - | -€138,350 | |
| Taxes, remuneration and social security | 45 | €138,655 | €203,775 | +€65,119 | +47.0% |
| Taxes | 450/3 | €17,757 | €8,480 | -€9,277 | -52.2% |
| Remuneration and social security | 454/9 | €120,898 | €195,295 | +€74,397 | +61.5% |
| Other amounts payable | 47/48 | €94,000 | €154,229 | +€60,229 | +64.1% |
| Accrued charges and deferred income | 492/3 | €1,231 | - | -€1,231 | |
| Turnover | 70 | €1,990,681 | €1,529,826 | -€460,855 | -23.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,256,479 | €1,043,584 | -€212,896 | -16.9% |
| Remuneration, social security and pensions | 62 | €786,355 | €1,019,937 | +€233,581 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,017 | €150,945 | +€89,928 | +147.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,750 | €395,826 | +€408,576 | |
| Other operating charges | 640/8 | €21,602 | €118,908 | +€97,306 | +450.5% |
| Non-recurring operating charges | 66A | €10 | €1,631 | +€1,621 | +15982.4% |
| Gross operating margin | 9900 | €734,201 | €486,242 | -€247,959 | -33.8% |
| Operating profit (loss) | 9901 | -€122,033 | -€1,201,004 | -€1.1m | -884.2% |
| Financial income | 75/76B | €9,276 | €777,986 | +€768,710 | +8287.2% |
| Recurring financial income | 75 | €9,276 | €11,662 | +€2,386 | +25.7% |
| Non-recurring financial income | 76B | - | €766,324 | +€766,324 | |
| Financial charges | 65/66B | €15,240 | €23,347 | +€8,107 | +53.2% |
| Recurring financial charges | 65 | €15,240 | €23,347 | +€8,107 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | -€127,997 | -€446,365 | -€318,368 | -248.7% |
| Income taxes | 67/77 | €840 | €1,340 | +€500 | +59.5% |
| Profit (loss) for the period | 9904 | -€128,837 | -€447,704 | -€318,867 | -247.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€128,837 | -€447,704 | -€318,867 | -247.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.