Socaro: 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.
Socaro
Largest movements
- Tangible fixed assets +€468,670
up €468,670 (+265.8%), from €176,348 to €645,018
of which Land and buildings: +€475,784
- Cash -€44,062
down €44,062 (-34.7%), from €127,035 to €82,974
mainly Investment in fixed assets (net) (-€520,767) and Trade debts (-€48,464)
- Receivables within one year +€21,594
up €21,594 (+209.3%), from €10,317 to €31,911
of which Trade receivables: +€14,136
- Other debts +€450,947
up €450,947 (+554.1%), from €81,382 to €532,329
- Trade debts -€48,464
down €48,464 (-72.4%), from €66,918 to €18,454
- Reserves +€45,160
up €45,160 (+72.4%), from €62,343 to €107,502
of which Distributable reserves: +€45,160
- Advances received -€13,008
down €13,008 (-99.6%), from €13,058 to €50
- Tax, wage and social debts +€8,394
up €8,394 (+71.8%), from €11,691 to €20,086
of which Taxes: +€7,426
- Gross operating margin +€113,652
up €113,652 (+167.3%), from €67,947 to €181,600
- Depreciation +€42,872
up €42,872 (+464.8%), from €9,225 to €52,097
- Taxes +€18,193
new in 2025: €18,193
- Financial charges +€6,164
up €6,164 (+131.2%), from €4,699 to €10,863
- Staff costs -€2,274
down €2,274 (-4.7%), from €48,030 to €45,756
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 | €323,931 | €765,020 | +€441,090 | +136.2% |
| Fixed assets | 21/28 | €176,754 | €645,424 | +€468,670 | +265.2% |
| Tangible fixed assets | 22/27 | €176,348 | €645,018 | +€468,670 | +265.8% |
| Land and buildings | 22 | €167,705 | €643,489 | +€475,784 | +283.7% |
| Furniture and vehicles | 24 | €8,643 | €1,529 | -€7,115 | -82.3% |
| Financial fixed assets | 28 | €406 | €406 | = | 0.0% |
| Current assets | 29/58 | €147,176 | €119,596 | -€27,580 | -18.7% |
| Stocks and contracts in progress | 3 | €7,372 | €2,202 | -€5,170 | -70.1% |
| Stocks | 30/36 | €7,372 | €2,202 | -€5,170 | -70.1% |
| Amounts receivable within one year | 40/41 | €10,317 | €31,911 | +€21,594 | +209.3% |
| Trade receivables | 40 | €317 | €14,453 | +€14,136 | +4458.5% |
| Other amounts receivable | 41 | €10,000 | €17,457 | +€7,457 | +74.6% |
| Cash at bank and in hand | 54/58 | €127,035 | €82,974 | -€44,062 | -34.7% |
| Deferred charges and accrued income | 490/1 | €2,452 | €2,510 | +€58 | +2.4% |
| Total equity and liabilities | 10/49 | €323,931 | €765,020 | +€441,090 | +136.2% |
| Equity | 10/15 | €146,861 | €191,697 | +€44,836 | +30.5% |
| Contributions | 10/11 | €84,195 | €84,195 | = | 0.0% |
| Reserves | 13 | €62,343 | €107,502 | +€45,160 | +72.4% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €35,000 | €35,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,241 | €9,241 | = | 0.0% |
| Distributable reserves | 133 | €18,102 | €63,262 | +€45,160 | +249.5% |
| Profit (loss) carried forward | 14 | €324 | €0 | -€324 | -100.0% |
| Provisions and deferred taxes | 16 | €2,405 | €2,405 | = | 0.0% |
| Deferred taxes | 168 | €2,405 | €2,405 | = | 0.0% |
| Amounts payable | 17/49 | €174,665 | €570,919 | +€396,254 | +226.9% |
| Amounts payable within one year | 42/48 | €173,049 | €570,919 | +€397,869 | +229.9% |
| Trade debts | 44 | €66,918 | €18,454 | -€48,464 | -72.4% |
| Suppliers | 440/4 | €66,918 | €18,454 | -€48,464 | -72.4% |
| Advances received on contracts in progress | 46 | €13,058 | €50 | -€13,008 | -99.6% |
| Taxes, remuneration and social security | 45 | €11,691 | €20,086 | +€8,394 | +71.8% |
| Taxes | 450/3 | €4,154 | €11,581 | +€7,426 | +178.8% |
| Remuneration and social security | 454/9 | €7,537 | €8,505 | +€968 | +12.8% |
| Other amounts payable | 47/48 | €81,382 | €532,329 | +€450,947 | +554.1% |
| Accrued charges and deferred income | 492/3 | €1,615 | €0 | -€1,615 | -100.0% |
| Non-recurring operating income | 76A | - | €280 | +€280 | |
| Remuneration, social security and pensions | 62 | €48,030 | €45,756 | -€2,274 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,225 | €52,097 | +€42,872 | +464.8% |
| Other operating charges | 640/8 | €9,912 | €9,864 | -€48 | -0.5% |
| Gross operating margin | 9900 | €67,947 | €181,600 | +€113,652 | +167.3% |
| Operating profit (loss) | 9901 | €781 | €73,882 | +€73,102 | +9362.5% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €4,699 | €10,863 | +€6,164 | +131.2% |
| Recurring financial charges | 65 | €4,699 | €10,863 | +€6,164 | +131.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,918 | €63,029 | +€66,947 | |
| Income taxes | 67/77 | - | €18,193 | +€18,193 | |
| Profit (loss) for the period | 9904 | -€3,918 | €44,836 | +€48,754 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,918 | €44,836 | +€48,754 |
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 2 October 2026 via checked.be.