SOCADO: 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.
SOCADO
Largest movements
- Cash -€187,109
down €187,109 (-70.4%), from €265,927 to €78,818
mainly Contributions, distributions and other (-€117,936) and Tax, wage and social debts (-€39,468)
- Receivables within one year +€35,015
up €35,015 (+97.4%), from €35,956 to €70,972
of which Trade receivables: +€17,965
- Current investments +€24,015
up €24,015 (+4.7%), from €511,276 to €535,291
- Reserves -€93,761
down €93,761 (-12.4%), from €754,110 to €660,349
of which Distributable reserves: -€93,761
- Tax, wage and social debts -€39,468
down €39,468 (-63.7%), from €61,978 to €22,510
- Gross operating margin -€133,395
down €133,395 (-94.6%), from €141,062 to €7,667
- Taxes -€32,176
down €32,176 (-68.8%), from €46,744 to €14,568
- Financial income +€5,237
up €5,237 (+16.8%), from €31,150 to €36,386
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 | €829,645 | €698,191 | -€131,454 | -15.8% |
| Fixed assets | 21/28 | €15,607 | €11,430 | -€4,177 | -26.8% |
| Tangible fixed assets | 22/27 | €15,607 | €11,430 | -€4,177 | -26.8% |
| Furniture and vehicles | 24 | €4,239 | €2,423 | -€1,815 | -42.8% |
| Other tangible fixed assets | 26 | €11,368 | €9,006 | -€2,362 | -20.8% |
| Current assets | 29/58 | €814,038 | €686,761 | -€127,277 | -15.6% |
| Amounts receivable within one year | 40/41 | €35,956 | €70,972 | +€35,015 | +97.4% |
| Trade receivables | 40 | €5,836 | €23,801 | +€17,965 | +307.8% |
| Other amounts receivable | 41 | €30,120 | €47,171 | +€17,051 | +56.6% |
| Current investments | 50/53 | €511,276 | €535,291 | +€24,015 | +4.7% |
| Cash at bank and in hand | 54/58 | €265,927 | €78,818 | -€187,109 | -70.4% |
| Deferred charges and accrued income | 490/1 | €879 | €1,681 | +€802 | +91.3% |
| Total equity and liabilities | 10/49 | €829,645 | €698,191 | -€131,454 | -15.8% |
| Equity | 10/15 | €766,510 | €672,749 | -€93,761 | -12.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €754,110 | €660,349 | -€93,761 | -12.4% |
| Tax-exempt reserves | 132 | €6,779 | €6,779 | = | 0.0% |
| Distributable reserves | 133 | €747,331 | €653,570 | -€93,761 | -12.5% |
| Amounts payable | 17/49 | €63,135 | €25,442 | -€37,693 | -59.7% |
| Amounts payable within one year | 42/48 | €63,135 | €25,442 | -€37,693 | -59.7% |
| Financial debts | 43 | - | €2,019 | +€2,019 | |
| Credit institutions | 430/8 | - | €2,019 | +€2,019 | |
| Trade debts | 44 | €1,157 | €914 | -€244 | -21.0% |
| Suppliers | 440/4 | €1,157 | €914 | -€244 | -21.0% |
| Taxes, remuneration and social security | 45 | €61,978 | €22,510 | -€39,468 | -63.7% |
| Taxes | 450/3 | €61,978 | €22,510 | -€39,468 | -63.7% |
| Non-recurring operating income | 76A | €37,928 | - | -€37,928 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,296 | €4,177 | -€119 | -2.8% |
| Other operating charges | 640/8 | €784 | €873 | +€89 | +11.4% |
| Gross operating margin | 9900 | €141,062 | €7,667 | -€133,395 | -94.6% |
| Operating profit (loss) | 9901 | €135,982 | €2,617 | -€133,365 | -98.1% |
| Financial income | 75/76B | €31,150 | €36,386 | +€5,237 | +16.8% |
| Recurring financial income | 75 | €31,150 | €36,386 | +€5,237 | +16.8% |
| Financial charges | 65/66B | €552 | €260 | -€292 | -52.9% |
| Recurring financial charges | 65 | €552 | €260 | -€292 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | €166,579 | €38,743 | -€127,836 | -76.7% |
| Income taxes | 67/77 | €46,744 | €14,568 | -€32,176 | -68.8% |
| Profit (loss) for the period | 9904 | €119,835 | €24,175 | -€95,660 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €119,835 | €24,175 | -€95,660 | -79.8% |
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 29 September 2026 via checked.be.