SOCAR SHIPPING AGENCIES: 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.
What changed
SOCAR SHIPPING AGENCIES
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€68,742
2023 · -€224,346+€293,088
Equity
€3.2m
2023 · €3.1m+€68,742
Cash
€468,087
2023 · €244,708+€223,380
Balance sheet total
€16.1m
2023 · €15.3m+€759,892
Largest movements
Assets
- Receivables within one year +€1.2m
up €1.2m (+13.8%), from €8.7m to €9.9m
of which Trade receivables: +€1.2m
- Stocks and contracts -€329,232
down €329,232 (-37.6%), from €875,246 to €546,014
- Deferred charges and accrued income -€249,787
down €249,787 (-61.0%), from €409,571 to €159,784
- Cash +€223,380
up €223,380 (+91.3%), from €244,708 to €468,087
mainly Trade debts (+€908,748) and Stocks and contracts (+€329,232)
Equity and liabilities
- Trade debts +€908,748
up €908,748 (+10.6%), from €8.6m to €9.5m
Income statement
- Goods and materials -€359,055
down €359,055 (-1.7%), from €20.7m to €20.4m
of which Purchases: -€566,890
From the 2023 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.
Result 2023
-€224,346
Turnover
-€50,187
Other operating income
-€58,043
Goods and materials
+€359,055
Services and other goods
-€31,587
Staff costs
+€46,707
Depreciation
-€3,418
Other operating charges
-€28,052
Other operating items
+€38,402
Financial income
-€2,563
Financial charges
+€5,722
Taxes
+€17,052
Result 2024
€68,742
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€379,899
Investment
-€61,630
Financing
-€94,889
Cash 2023
€244,708
From operations (derived)
+€379,899
Net result for the year
+€68,742
Depreciation
+€144,216
Stocks and contracts
+€329,232
Receivables within one year
-€1.2m
Deferred charges and accrued income
+€249,787
Trade debts
+€908,748
Tax, wage and social debts
-€94,453
Other debts
-€28,324
Accrued charges and deferred income
+€68
Investment (derived)
-€61,630
Investment in fixed assets (net)
-€61,630
Financing
-€94,889
Debts after one year
-€97,584
Current portion of long-term debt
+€2,695
Cash 2024
€468,087
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,333,264 | €16,093,156 | +€759,892 | +5.0% |
| Fixed assets | 21/28 | €5,097,749 | €5,015,163 | -€82,586 | -1.6% |
| Intangible fixed assets | 21 | €1,124 | €824 | -€300 | -26.7% |
| Tangible fixed assets | 22/27 | €5,076,186 | €4,988,703 | -€87,483 | -1.7% |
| Land and buildings | 22 | €5,029,667 | €4,920,166 | -€109,501 | -2.2% |
| Plant, machinery and equipment | 23 | €3,940 | €32,172 | +€28,232 | +717% |
| Furniture and vehicles | 24 | €42,579 | €36,365 | -€6,214 | -14.6% |
| Financial fixed assets | 28 | €20,439 | €25,636 | +€5,197 | +25.4% |
| Other financial fixed assets | 284/8 | €20,439 | €25,636 | +€5,197 | +25.4% |
| Amounts receivable and cash guarantees | 285/8 | €20,439 | €25,636 | +€5,197 | +25.4% |
| Current assets | 29/58 | €10,235,515 | €11,077,993 | +€842,478 | +8.2% |
| Stocks and contracts in progress | 3 | €875,246 | €546,014 | -€329,232 | -37.6% |
| Stocks | 30/36 | €875,246 | €546,014 | -€329,232 | -37.6% |
| Raw materials and consumables | 30/31 | €640 | €640 | = | 0.0% |
| Goods purchased for resale | 34 | €874,606 | €545,374 | -€329,232 | -37.6% |
| Amounts receivable within one year | 40/41 | €8,705,990 | €9,904,108 | +€1.2m | +13.8% |
| Trade receivables | 40 | €8,521,024 | €9,709,903 | +€1.2m | +14.0% |
| Other amounts receivable | 41 | €184,966 | €194,204 | +€9,238 | +5.0% |
| Cash at bank and in hand | 54/58 | €244,708 | €468,087 | +€223,380 | +91.3% |
| Deferred charges and accrued income | 490/1 | €409,571 | €159,784 | -€249,787 | -61.0% |
| Total equity and liabilities | 10/49 | €15,333,264 | €16,093,156 | +€759,892 | +5.0% |
| Equity | 10/15 | €3,114,720 | €3,183,462 | +€68,742 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €3,402,038 | €3,402,038 | = | 0.0% |
| Reserves | 13 | €852,651 | €852,651 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,218 | €13,218 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,218 | €13,218 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €836,954 | €836,954 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,158,569 | -€1,089,827 | +€68,742 | +5.9% |
| Amounts payable | 17/49 | €12,218,544 | €12,909,694 | +€691,150 | +5.7% |
| Amounts payable after more than one year | 17 | €935,674 | €838,090 | -€97,584 | -10.4% |
| Financial debts | 170/4 | €935,674 | €838,090 | -€97,584 | -10.4% |
| Credit institutions | 173 | €935,674 | €838,090 | -€97,584 | -10.4% |
| Amounts payable within one year | 42/48 | €11,274,369 | €12,063,035 | +€788,666 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €94,889 | €97,584 | +€2,695 | +2.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €8,564,803 | €9,473,551 | +€908,748 | +10.6% |
| Suppliers | 440/4 | €8,564,803 | €9,473,551 | +€908,748 | +10.6% |
| Taxes, remuneration and social security | 45 | €271,448 | €176,995 | -€94,453 | -34.8% |
| Taxes | 450/3 | €122,882 | €35,826 | -€87,056 | -70.8% |
| Remuneration and social security | 454/9 | €148,566 | €141,169 | -€7,397 | -5.0% |
| Other amounts payable | 47/48 | €2,343,229 | €2,314,905 | -€28,324 | -1.2% |
| Accrued charges and deferred income | 492/3 | €8,500 | €8,568 | +€68 | +0.8% |
| Operating income | 70/76A | €22,857,203 | €22,604,788 | -€252,415 | -1.1% |
| Turnover | 70 | €22,480,145 | €22,429,957 | -€50,187 | -0.2% |
| Other operating income | 74 | €232,759 | €174,716 | -€58,043 | -24.9% |
| Non-recurring operating income | 76A | €144,300 | €115 | -€144,185 | -99.9% |
| Operating charges | 60/66A | €23,011,559 | €22,486,267 | -€525,292 | -2.3% |
| Goods for resale, raw materials and consumables | 60 | €20,732,565 | €20,373,511 | -€359,055 | -1.7% |
| Purchases | 600/8 | €20,611,169 | €20,044,279 | -€566,890 | -2.8% |
| Change in stocks: decrease (increase) | 609 | €121,397 | €329,232 | +€207,835 | +171% |
| Services and other goods | 61 | €873,222 | €904,809 | +€31,587 | +3.6% |
| Remuneration, social security and pensions | 62 | €915,077 | €868,370 | -€46,707 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,799 | €144,216 | +€3,418 | +2.4% |
| Other operating charges | 640/8 | €167,309 | €195,362 | +€28,052 | +16.8% |
| Non-recurring operating charges | 66A | €182,587 | €0 | -€182,587 | -100% |
| Operating profit (loss) | 9901 | -€154,356 | €118,521 | +€272,877 | |
| Financial income | 75/76B | €5,958 | €3,395 | -€2,563 | -43.0% |
| Recurring financial income | 75 | €5,958 | €3,395 | -€2,563 | -43.0% |
| Other financial income | 752/9 | €5,958 | €3,395 | -€2,563 | -43.0% |
| Financial charges | 65/66B | €33,849 | €28,128 | -€5,722 | -16.9% |
| Recurring financial charges | 65 | €33,849 | €28,128 | -€5,722 | -16.9% |
| Debt charges | 650 | €13,678 | €22,386 | +€8,707 | +63.7% |
| Other financial charges | 652/9 | €20,171 | €5,742 | -€14,429 | -71.5% |
| Profit (loss) for the period before taxes | 9903 | -€182,247 | €93,788 | +€276,036 | |
| Income taxes | 67/77 | €42,099 | €25,047 | -€17,052 | -40.5% |
| Taxes | 670/3 | €42,099 | €25,047 | -€17,052 | -40.5% |
| Profit (loss) for the period | 9904 | -€224,346 | €68,742 | +€293,088 | |
| Profit (loss) for the period to be appropriated | 9905 | -€224,346 | €68,742 | +€293,088 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.