SOCAFLEX: 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.
SOCAFLEX
Largest movements
- Stocks and contracts +€90,934
up €90,934 (+22.6%), from €401,926 to €492,860
- Receivables within one year -€66,261
down €66,261 (-21.3%), from €310,840 to €244,578
of which Trade receivables: -€66,261
- Receivables after one year -€62,964
down €62,964 (-46.2%), from €136,324 to €73,360
- Cash +€35,866
up €35,866 (+13.8%), from €259,873 to €295,739
mainly Net result for the year (+€91,778) and Receivables within one year (+€66,261)
- Tangible fixed assets +€21,794
up €21,794 (+63.3%), from €34,433 to €56,228
of which Furniture and vehicles: +€12,150
- Reserves +€91,778
up €91,778 (+65.4%), from €140,280 to €232,059
of which Distributable reserves: +€91,778
- Other debts -€87,925
down €87,925 (-94.1%), from €93,408 to €5,483
- Profit (loss) carried forward -€18,278
down €18,278 (-5.4%), from €337,277 to €318,999
- Trade debts +€16,613
up €16,613 (+6.6%), from €250,110 to €266,722
- Debts after one year +€16,192
new in 2025: €16,192
- Gross operating margin +€70,945
up €70,945 (+9.7%), from €735,182 to €806,128
- Staff costs +€53,939
up €53,939 (+9.3%), from €579,163 to €633,102
- Taxes +€12,362
up €12,362 (+33.6%), from €36,829 to €49,191
- Depreciation -€9,527
down €9,527 (-39.7%), from €24,013 to €14,485
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 | €1,172,774 | €1,193,709 | +€20,935 | +1.8% |
| Fixed assets | 21/28 | €38,450 | €58,355 | +€19,905 | +51.8% |
| Intangible fixed assets | 21 | €4,004 | €2,115 | -€1,890 | -47.2% |
| Tangible fixed assets | 22/27 | €34,433 | €56,228 | +€21,794 | +63.3% |
| Land and buildings | 22 | €17,285 | €15,298 | -€1,987 | -11.5% |
| Plant, machinery and equipment | 23 | €5,767 | €17,399 | +€11,631 | +201.7% |
| Furniture and vehicles | 24 | €11,381 | €23,531 | +€12,150 | +106.7% |
| Financial fixed assets | 28 | €12 | €12 | = | 0.0% |
| Current assets | 29/58 | €1,134,324 | €1,135,354 | +€1,031 | +0.1% |
| Amounts receivable after more than one year | 29 | €136,324 | €73,360 | -€62,964 | -46.2% |
| Other amounts receivable | 291 | €136,324 | €73,360 | -€62,964 | -46.2% |
| Stocks and contracts in progress | 3 | €401,926 | €492,860 | +€90,934 | +22.6% |
| Stocks | 30/36 | €401,926 | €492,860 | +€90,934 | +22.6% |
| Amounts receivable within one year | 40/41 | €310,840 | €244,578 | -€66,261 | -21.3% |
| Trade receivables | 40 | €309,190 | €242,928 | -€66,261 | -21.4% |
| Other amounts receivable | 41 | €1,650 | €1,650 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €259,873 | €295,739 | +€35,866 | +13.8% |
| Deferred charges and accrued income | 490/1 | €25,361 | €28,817 | +€3,455 | +13.6% |
| Total equity and liabilities | 10/49 | €1,172,774 | €1,193,709 | +€20,935 | +1.8% |
| Equity | 10/15 | €663,477 | €736,978 | +€73,501 | +11.1% |
| Contributions | 10/11 | €185,920 | €185,920 | = | 0.0% |
| Capital | 10 | €185,920 | €185,920 | = | 0.0% |
| Issued capital | 100 | €185,920 | €185,920 | = | 0.0% |
| Reserves | 13 | €140,280 | €232,059 | +€91,778 | +65.4% |
| Non-distributable reserves | 130/1 | €18,592 | €18,592 | = | 0.0% |
| Legal reserve | 130 | €18,592 | €18,592 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,020 | €8,020 | = | 0.0% |
| Distributable reserves | 133 | €113,669 | €205,447 | +€91,778 | +80.7% |
| Profit (loss) carried forward | 14 | €337,277 | €318,999 | -€18,278 | -5.4% |
| Amounts payable | 17/49 | €509,297 | €456,732 | -€52,565 | -10.3% |
| Amounts payable after more than one year | 17 | - | €16,192 | +€16,192 | |
| Financial debts | 170/4 | - | €16,192 | +€16,192 | |
| Amounts payable within one year | 42/48 | €507,641 | €439,864 | -€67,777 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €59,068 | €68,774 | +€9,706 | +16.4% |
| Trade debts | 44 | €250,110 | €266,722 | +€16,613 | +6.6% |
| Suppliers | 440/4 | €250,110 | €266,722 | +€16,613 | +6.6% |
| Taxes, remuneration and social security | 45 | €105,055 | €98,884 | -€6,171 | -5.9% |
| Taxes | 450/3 | €55,018 | €46,580 | -€8,438 | -15.3% |
| Remuneration and social security | 454/9 | €50,037 | €52,304 | +€2,267 | +4.5% |
| Other amounts payable | 47/48 | €93,408 | €5,483 | -€87,925 | -94.1% |
| Accrued charges and deferred income | 492/3 | €1,656 | €676 | -€980 | -59.2% |
| Non-recurring operating income | 76A | €810 | €12,734 | +€11,924 | +1473.0% |
| Remuneration, social security and pensions | 62 | €579,163 | €633,102 | +€53,939 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,013 | €14,485 | -€9,527 | -39.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,865 | - | -€1,865 | |
| Other operating charges | 640/8 | €11,410 | €12,843 | +€1,433 | +12.6% |
| Gross operating margin | 9900 | €735,182 | €806,128 | +€70,945 | +9.7% |
| Operating profit (loss) | 9901 | €118,731 | €145,698 | +€26,966 | +22.7% |
| Financial income | 75/76B | €11,248 | €7,732 | -€3,516 | -31.3% |
| Recurring financial income | 75 | €11,248 | €7,732 | -€3,516 | -31.3% |
| Financial charges | 65/66B | €13,708 | €12,461 | -€1,248 | -9.1% |
| Recurring financial charges | 65 | €13,708 | €12,461 | -€1,248 | -9.1% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €116,272 | €140,969 | +€24,698 | +21.2% |
| Income taxes | 67/77 | €36,829 | €49,191 | +€12,362 | +33.6% |
| Profit (loss) for the period | 9904 | €79,442 | €91,778 | +€12,336 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €79,442 | €91,778 | +€12,336 | +15.5% |
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 6 October 2026 via checked.be.