SOCADE: 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.
SOCADE
Largest movements
- Cash +€26,030
up €26,030 (+44.9%), from €57,991 to €84,021
mainly Net result for the year (+€39,691) and Depreciation (+€5,663)
- Receivables within one year +€15,173
up €15,173 (+191.9%), from €7,908 to €23,081
of which Trade receivables: +€9,502
- Tangible fixed assets -€5,663
down €5,663 (-44.3%), from €12,797 to €7,134
- Reserves +€40,000
up €40,000 (+93.0%), from €43,000 to €83,000
- Debts after one year -€4,260
down €4,260 (-40.1%), from €10,615 to €6,354
- Financial charges -€15,931
down €15,931 (-96.1%), from €16,572 to €640
of which Non-recurring financial charges: -€16,075
- Taxes +€14,829
new in 2025: €14,829
- Purchases and services +€6,934
up €6,934 (+17.6%), from €39,429 to €46,363
- Gross operating margin -€4,269
down €4,269 (-6.5%), from €65,636 to €61,367
- Turnover +€2,665
up €2,665 (+2.5%), from €105,065 to €107,730
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.
Cash bridge derived
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 | €79,166 | €114,614 | +€35,449 | +44.8% |
| Fixed assets | 21/28 | €12,797 | €7,134 | -€5,663 | -44.3% |
| Tangible fixed assets | 22/27 | €12,797 | €7,134 | -€5,663 | -44.3% |
| Furniture and vehicles | 24 | €12,797 | €7,134 | -€5,663 | -44.3% |
| Current assets | 29/58 | €66,369 | €107,480 | +€41,111 | +61.9% |
| Amounts receivable within one year | 40/41 | €7,908 | €23,081 | +€15,173 | +191.9% |
| Trade receivables | 40 | €5,674 | €15,176 | +€9,502 | +167.5% |
| Other amounts receivable | 41 | €2,234 | €7,905 | +€5,671 | +253.8% |
| Cash at bank and in hand | 54/58 | €57,991 | €84,021 | +€26,030 | +44.9% |
| Deferred charges and accrued income | 490/1 | €470 | €378 | -€92 | -19.5% |
| Total equity and liabilities | 10/49 | €79,166 | €114,614 | +€35,449 | +44.8% |
| Equity | 10/15 | €47,967 | €87,657 | +€39,691 | +82.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €43,000 | €83,000 | +€40,000 | +93.0% |
| Distributable reserves | 133 | €43,000 | €83,000 | +€40,000 | +93.0% |
| Profit (loss) carried forward | 14 | €967 | €657 | -€309 | -32.0% |
| Amounts payable | 17/49 | €31,199 | €26,957 | -€4,242 | -13.6% |
| Amounts payable after more than one year | 17 | €10,615 | €6,354 | -€4,260 | -40.1% |
| Financial debts | 170/4 | €10,615 | €6,354 | -€4,260 | -40.1% |
| Amounts payable within one year | 42/48 | €20,585 | €20,603 | +€18 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €4,083 | €4,260 | +€178 | +4.3% |
| Trade debts | 44 | €908 | €1,367 | +€460 | +50.6% |
| Suppliers | 440/4 | €908 | €1,367 | +€460 | +50.6% |
| Taxes, remuneration and social security | 45 | €15,594 | €14,975 | -€619 | -4.0% |
| Taxes | 450/3 | €15,594 | €14,975 | -€619 | -4.0% |
| Turnover | 70 | €105,065 | €107,730 | +€2,665 | +2.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €39,429 | €46,363 | +€6,934 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,193 | €5,663 | +€1,470 | +35.1% |
| Other operating charges | 640/8 | €914 | €544 | -€370 | -40.5% |
| Gross operating margin | 9900 | €65,636 | €61,367 | -€4,269 | -6.5% |
| Operating profit (loss) | 9901 | €60,529 | €55,160 | -€5,369 | -8.9% |
| Financial income | 75/76B | €9 | €0 | -€9 | -100.0% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -100.0% |
| Financial charges | 65/66B | €16,572 | €640 | -€15,931 | -96.1% |
| Recurring financial charges | 65 | €496 | €640 | +€144 | +29.0% |
| Non-recurring financial charges | 66B | €16,075 | - | -€16,075 | |
| Profit (loss) for the period before taxes | 9903 | €43,967 | €54,520 | +€10,553 | +24.0% |
| Income taxes | 67/77 | - | €14,829 | +€14,829 | |
| Profit (loss) for the period | 9904 | €43,967 | €39,691 | -€4,276 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,967 | €39,691 | -€4,276 | -9.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.