Socar Forwarding Agency: 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.
Socar Forwarding Agency
Largest movements
- Receivables within one year -€27,120
down €27,120 (-26.8%), from €101,339 to €74,220
of which Trade receivables: -€34,937
- Cash +€27,066
up €27,066 (+55.7%), from €48,598 to €75,664
mainly Receivables within one year (+€27,120) and Trade debts (+€8,075)
- Tangible fixed assets +€2,289
up €2,289 (+36.9%), from €6,194 to €8,483
of which Plant, machinery and equipment: +€2,585
- Trade debts +€8,075
up €8,075 (+19.8%), from €40,844 to €48,919
- Profit (loss) carried forward -€5,041
down €5,041 (-396%), from -€1,274 to -€6,314
- Other debts +€2,223
up €2,223 (+5.9%), from €37,832 to €40,055
- Gross operating margin -€20,688
down €20,688 (-78.3%), from €26,433 to €5,745
- Other operating charges +€6,373
up €6,373 (+531%), from €1,200 to €7,573
- Taxes -€4,428
down €4,428 (-78.1%), from €5,666 to €1,238
- Depreciation +€837
up €837 (+505%), from €166 to €1,003
- Financial charges +€498
up €498 (+105%), from €474 to €972
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.
Derived cash bridge
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 | €156,132 | €159,942 | +€3,810 | +2.4% |
| Fixed assets | 21/28 | €6,194 | €8,483 | +€2,289 | +36.9% |
| Tangible fixed assets | 22/27 | €6,194 | €8,483 | +€2,289 | +36.9% |
| Plant, machinery and equipment | 23 | €3,247 | €5,832 | +€2,585 | +79.6% |
| Furniture and vehicles | 24 | €2,947 | €2,651 | -€296 | -10.0% |
| Current assets | 29/58 | €149,938 | €151,459 | +€1,521 | +1.0% |
| Stocks and contracts in progress | 3 | - | €1,575 | +€1,575 | |
| Stocks | 30/36 | - | €1,575 | +€1,575 | |
| Amounts receivable within one year | 40/41 | €101,339 | €74,220 | -€27,120 | -26.8% |
| Trade receivables | 40 | €97,762 | €62,825 | -€34,937 | -35.7% |
| Other amounts receivable | 41 | €3,578 | €11,395 | +€7,817 | +218% |
| Cash at bank and in hand | 54/58 | €48,598 | €75,664 | +€27,066 | +55.7% |
| Total equity and liabilities | 10/49 | €156,132 | €159,942 | +€3,810 | +2.4% |
| Equity | 10/15 | €60,982 | €55,941 | -€5,041 | -8.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €256 | €256 | = | 0.0% |
| Non-distributable reserves | 130/1 | €256 | €256 | = | 0.0% |
| Legal reserve | 130 | €256 | €256 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,274 | -€6,314 | -€5,041 | -396% |
| Amounts payable | 17/49 | €95,150 | €104,000 | +€8,851 | +9.3% |
| Amounts payable within one year | 42/48 | €95,150 | €104,000 | +€8,851 | +9.3% |
| Trade debts | 44 | €40,844 | €48,919 | +€8,075 | +19.8% |
| Suppliers | 440/4 | €40,844 | €48,919 | +€8,075 | +19.8% |
| Advances received on contracts in progress | 46 | €2,250 | €2,250 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €14,224 | €12,776 | -€1,447 | -10.2% |
| Taxes | 450/3 | €14,224 | €12,776 | -€1,447 | -10.2% |
| Other amounts payable | 47/48 | €37,832 | €40,055 | +€2,223 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166 | €1,003 | +€837 | +505% |
| Other operating charges | 640/8 | €1,200 | €7,573 | +€6,373 | +531% |
| Gross operating margin | 9900 | €26,433 | €5,745 | -€20,688 | -78.3% |
| Operating profit (loss) | 9901 | €25,068 | -€2,831 | -€27,899 | |
| Financial income | 75/76B | €13 | €1 | -€12 | -94.0% |
| Recurring financial income | 75 | €13 | €1 | -€12 | -94.0% |
| Financial charges | 65/66B | €474 | €972 | +€498 | +105% |
| Recurring financial charges | 65 | €474 | €972 | +€498 | +105% |
| Profit (loss) for the period before taxes | 9903 | €24,607 | -€3,802 | -€28,409 | |
| Income taxes | 67/77 | €5,666 | €1,238 | -€4,428 | -78.1% |
| Profit (loss) for the period | 9904 | €18,940 | -€5,041 | -€23,981 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,940 | -€5,041 | -€23,981 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.