SOCARE: 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.
SOCARE
Largest movements
- Cash +€14,719
up €14,719 (+29.1%), from €50,517 to €65,236
mainly Net result for the year (+€7,113) and Depreciation (+€4,182)
- Tangible fixed assets -€4,182
down €4,182 (-40.7%), from €10,268 to €6,086
- Deferred charges and accrued income +€899
up €899 (+8.3%), from €10,798 to €11,697
- Reserves +€7,000
up €7,000 (+41.5%), from €16,860 to €23,860
- Tax, wage and social debts +€3,400
up €3,400 (+226.7%), from €1,500 to €4,900
- Trade debts +€949
up €949 (+20.1%), from €4,710 to €5,659
- Gross operating margin +€13,425
up €13,425 (+295.7%), from €4,540 to €17,965
- Taxes +€5,079
new in 2024: €5,079
- Financial charges -€284
down €284 (-63.5%), from €447 to €163
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,660 | €83,096 | +€11,436 | +16.0% |
| Fixed assets | 21/28 | €10,345 | €6,163 | -€4,182 | -40.4% |
| Tangible fixed assets | 22/27 | €10,268 | €6,086 | -€4,182 | -40.7% |
| Furniture and vehicles | 24 | €10,268 | €6,086 | -€4,182 | -40.7% |
| Financial fixed assets | 28 | €77 | €77 | = | 0.0% |
| Current assets | 29/58 | €61,315 | €76,933 | +€15,618 | +25.5% |
| Cash at bank and in hand | 54/58 | €50,517 | €65,236 | +€14,719 | +29.1% |
| Deferred charges and accrued income | 490/1 | €10,798 | €11,697 | +€899 | +8.3% |
| Total equity and liabilities | 10/49 | €71,660 | €83,096 | +€11,436 | +16.0% |
| Equity | 10/15 | €65,205 | €72,317 | +€7,113 | +10.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,860 | €23,860 | +€7,000 | +41.5% |
| Distributable reserves | 133 | €16,860 | €23,860 | +€7,000 | +41.5% |
| Profit (loss) carried forward | 14 | €42,145 | €42,257 | +€113 | +0.3% |
| Amounts payable | 17/49 | €6,455 | €10,779 | +€4,323 | +67.0% |
| Amounts payable within one year | 42/48 | €6,455 | €10,779 | +€4,323 | +67.0% |
| Trade debts | 44 | €4,710 | €5,659 | +€949 | +20.1% |
| Suppliers | 440/4 | €4,710 | €5,659 | +€949 | +20.1% |
| Taxes, remuneration and social security | 45 | €1,500 | €4,900 | +€3,400 | +226.7% |
| Remuneration and social security | 454/9 | €1,500 | €4,900 | +€3,400 | +226.7% |
| Other amounts payable | 47/48 | €245 | €220 | -€26 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,182 | €4,182 | = | 0.0% |
| Other operating charges | 640/8 | €1,722 | €1,555 | -€167 | -9.7% |
| Gross operating margin | 9900 | €4,540 | €17,965 | +€13,425 | +295.7% |
| Operating profit (loss) | 9901 | -€1,364 | €12,228 | +€13,592 | |
| Financial income | 75/76B | €1 | €127 | +€126 | +12597.0% |
| Recurring financial income | 75 | €1 | €127 | +€126 | +12597.0% |
| Financial charges | 65/66B | €447 | €163 | -€284 | -63.5% |
| Recurring financial charges | 65 | €447 | €163 | -€284 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,810 | €12,192 | +€14,002 | |
| Income taxes | 67/77 | - | €5,079 | +€5,079 | |
| Profit (loss) for the period | 9904 | -€1,810 | €7,113 | +€8,923 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,810 | €7,113 | +€8,923 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.