SOCDEV: 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.
SOCDEV
Largest movements
- Receivables within one year +€39,823
up €39,823 (+329%), from €12,119 to €51,942
of which Trade receivables: +€41,036
- Tangible fixed assets -€11,958
down €11,958 (-23.3%), from €51,225 to €39,268
of which Furniture and vehicles: -€11,958
- Cash -€10,615
down €10,615 (-80.5%), from €13,187 to €2,572
mainly Receivables within one year (-€39,823) and Contributions, distributions and other (-€31,000)
- Other debts +€32,260
up €32,260, from €0 to €32,260
- Debts after one year -€9,775
down €9,775 (-29.5%), from €33,141 to €23,367
- Profit (loss) carried forward -€4,609
down €4,609 (-92.1%), from €5,007 to €397
- Tax, wage and social debts +€1,539
up €1,539 (+39.4%), from €3,906 to €5,445
- Trade debts -€1,393
down €1,393 (-42.6%), from €3,270 to €1,876
- Gross operating margin +€29,172
up €29,172 (+147%), from €19,875 to €49,046
- Taxes +€5,214
up €5,214 (+246%), from €2,124 to €7,338
- Depreciation +€1,784
up €1,784 (+17.5%), from €10,173 to €11,958
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 | €76,531 | €93,782 | +€17,251 | +22.5% |
| Fixed assets | 21/28 | €51,225 | €39,268 | -€11,958 | -23.3% |
| Tangible fixed assets | 22/27 | €51,225 | €39,268 | -€11,958 | -23.3% |
| Furniture and vehicles | 24 | €49,027 | €37,070 | -€11,958 | -24.4% |
| Other tangible fixed assets | 26 | €2,198 | €2,198 | = | 0.0% |
| Current assets | 29/58 | €25,306 | €54,514 | +€29,208 | +115% |
| Amounts receivable within one year | 40/41 | €12,119 | €51,942 | +€39,823 | +329% |
| Trade receivables | 40 | €278 | €41,314 | +€41,036 | +14,761% |
| Other amounts receivable | 41 | €11,841 | €10,629 | -€1,212 | -10.2% |
| Cash at bank and in hand | 54/58 | €13,187 | €2,572 | -€10,615 | -80.5% |
| Total equity and liabilities | 10/49 | €76,531 | €93,782 | +€17,251 | +22.5% |
| Equity | 10/15 | €25,467 | €20,857 | -€4,609 | -18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,007 | €397 | -€4,609 | -92.1% |
| Amounts payable | 17/49 | €51,064 | €72,924 | +€21,860 | +42.8% |
| Amounts payable after more than one year | 17 | €33,141 | €23,367 | -€9,775 | -29.5% |
| Financial debts | 170/4 | €33,141 | €23,367 | -€9,775 | -29.5% |
| Amounts payable within one year | 42/48 | €17,727 | €49,558 | +€31,830 | +180% |
| Current portion of amounts payable after more than one year | 42 | €9,418 | €9,775 | +€356 | +3.8% |
| Financial debts | 43 | €1,133 | €201 | -€932 | -82.3% |
| Credit institutions | 430/8 | €1,133 | €201 | -€932 | -82.3% |
| Trade debts | 44 | €3,270 | €1,876 | -€1,393 | -42.6% |
| Suppliers | 440/4 | €3,270 | €1,876 | -€1,393 | -42.6% |
| Taxes, remuneration and social security | 45 | €3,906 | €5,445 | +€1,539 | +39.4% |
| Taxes | 450/3 | €3,906 | €5,445 | +€1,539 | +39.4% |
| Other amounts payable | 47/48 | €0 | €32,260 | +€32,260 | |
| Accrued charges and deferred income | 492/3 | €196 | €0 | -€196 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,173 | €11,958 | +€1,784 | +17.5% |
| Other operating charges | 640/8 | €1,488 | €1,243 | -€245 | -16.5% |
| Gross operating margin | 9900 | €19,875 | €49,046 | +€29,172 | +147% |
| Operating profit (loss) | 9901 | €8,213 | €35,846 | +€27,633 | +336% |
| Financial charges | 65/66B | €1,930 | €2,118 | +€188 | +9.7% |
| Recurring financial charges | 65 | €1,930 | €2,118 | +€188 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €6,283 | €33,728 | +€27,445 | +437% |
| Income taxes | 67/77 | €2,124 | €7,338 | +€5,214 | +246% |
| Profit (loss) for the period | 9904 | €4,159 | €26,391 | +€22,231 | +534% |
| Profit (loss) for the period to be appropriated | 9905 | €4,159 | €26,391 | +€22,231 | +534% |
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 23 October 2026 via checked.be.