SOCAMI: 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.
SOCAMI
Largest movements
- Cash -€159,598
down €159,598 (-43.7%), from €365,483 to €205,884
- Receivables within one year +€34,585
up €34,585 (+251%), from €13,773 to €48,358
of which Other amounts receivable: +€34,987
- Short-term financial debts -€185,000
no longer reported in 2024 (was €185,000)
- Reserves +€151,684
up €151,684 (+40.0%), from €379,229 to €530,912
of which Distributable reserves: +€151,684
- Other debts -€90,434
down €90,434 (-99.1%), from €91,234 to €800
- Trade debts -€10,216
down €10,216 (-72.6%), from €14,067 to €3,851
- Current portion of long-term debt +€10,026
up €10,026 (+149%), from €6,716 to €16,742
- Gross operating margin +€121,596
up €121,596 (+38.6%), from €315,304 to €436,900
- Financial charges +€31,937
up €31,937 (+37.3%), from €85,622 to €117,560
- Taxes +€24,855
up €24,855 (+56.6%), from €43,876 to €68,731
- Staff costs +€8,297
up €8,297 (+56.6%), from €14,669 to €22,966
- Other operating charges +€7,606
up €7,606 (+61.5%), from €12,363 to €19,969
From the 2022 result to the 2024 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
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 | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €726,883 | €597,015 | -€129,869 | -17.9% |
| Fixed assets | 21/28 | €339,187 | €338,969 | -€218 | -0.1% |
| Tangible fixed assets | 22/27 | €338,187 | €337,969 | -€218 | -0.1% |
| Land and buildings | 22 | €125,939 | €116,416 | -€9,523 | -7.6% |
| Plant, machinery and equipment | 23 | €2,211 | €2,473 | +€262 | +11.8% |
| Furniture and vehicles | 24 | €5,268 | €6,292 | +€1,024 | +19.4% |
| Other tangible fixed assets | 26 | €204,769 | €212,788 | +€8,020 | +3.9% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €387,696 | €258,045 | -€129,651 | -33.4% |
| Amounts receivable within one year | 40/41 | €13,773 | €48,358 | +€34,585 | +251% |
| Trade receivables | 40 | €13,773 | €13,372 | -€402 | -2.9% |
| Other amounts receivable | 41 | - | €34,987 | +€34,987 | |
| Cash at bank and in hand | 54/58 | €365,483 | €205,884 | -€159,598 | -43.7% |
| Deferred charges and accrued income | 490/1 | €8,440 | €3,803 | -€4,638 | -54.9% |
| Total equity and liabilities | 10/49 | €726,883 | €597,015 | -€129,869 | -17.9% |
| Equity | 10/15 | €391,629 | €543,312 | +€151,684 | +38.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €379,229 | €530,912 | +€151,684 | +40.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €377,369 | €529,052 | +€151,684 | +40.2% |
| Amounts payable | 17/49 | €335,255 | €53,703 | -€281,552 | -84.0% |
| Amounts payable within one year | 42/48 | €335,255 | €53,703 | -€281,552 | -84.0% |
| Current portion of amounts payable after more than one year | 42 | €6,716 | €16,742 | +€10,026 | +149% |
| Financial debts | 43 | €185,000 | - | -€185,000 | |
| Other loans | 439 | €185,000 | - | -€185,000 | |
| Trade debts | 44 | €14,067 | €3,851 | -€10,216 | -72.6% |
| Suppliers | 440/4 | €14,067 | €3,851 | -€10,216 | -72.6% |
| Taxes, remuneration and social security | 45 | €38,238 | €32,309 | -€5,929 | -15.5% |
| Taxes | 450/3 | €34,804 | €27,659 | -€7,145 | -20.5% |
| Remuneration and social security | 454/9 | €3,434 | €4,650 | +€1,216 | +35.4% |
| Other amounts payable | 47/48 | €91,234 | €800 | -€90,434 | -99.1% |
| Remuneration, social security and pensions | 62 | €14,669 | €22,966 | +€8,297 | +56.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,375 | €62,527 | +€7,152 | +12.9% |
| Other operating charges | 640/8 | €12,363 | €19,969 | +€7,606 | +61.5% |
| Gross operating margin | 9900 | €315,304 | €436,900 | +€121,596 | +38.6% |
| Operating profit (loss) | 9901 | €232,897 | €331,438 | +€98,541 | +42.3% |
| Financial income | 75/76B | €195 | €6,537 | +€6,341 | +3,244% |
| Recurring financial income | 75 | €195 | €6,537 | +€6,341 | +3,244% |
| Financial charges | 65/66B | €85,622 | €117,560 | +€31,937 | +37.3% |
| Recurring financial charges | 65 | €85,622 | €117,560 | +€31,937 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | €147,470 | €220,415 | +€72,944 | +49.5% |
| Income taxes | 67/77 | €43,876 | €68,731 | +€24,855 | +56.6% |
| Profit (loss) for the period | 9904 | €103,594 | €151,684 | +€48,089 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €103,594 | €151,684 | +€48,089 | +46.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.