SOCEA: 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.
What changed
SOCEA
NACE 23.610, Manufacture of other non-metallic mineral products
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€116,481
2023 · €155,859-€39,378
Equity
€3.8m
2023 · €3.7m+€116,481
Cash
€150,809
2023 · -+€150,809
Balance sheet total
€7.5m
2023 · €7.0m+€477,622
Largest movements
Assets
- Receivables within one year -€1.5m
down €1.5m (-29.7%), from €5.1m to €3.6m
of which Trade receivables: -€2.8m
- Stocks and contracts +€1.4m
up €1.4m (+94.2%), from €1.5m to €2.9m
of which Contracts in progress: +€1.5m
- Tangible fixed assets +€419,678
up €419,678 (+104.7%), from €400,898 to €820,576
of which Other tangible fixed assets: +€219,811
- Cash +€150,809
new in 2024: €150,809
mainly Receivables within one year (+€1.5m) and Trade debts (+€620,502)
Equity and liabilities
- Trade debts +€620,502
up €620,502 (+95.3%), from €651,185 to €1.3m
- Other debts -€374,130
down €374,130 (-49.6%), from €754,866 to €380,736
- Provisions +€218,289
up €218,289 (+436.6%), from €50,000 to €268,289
- Profit (loss) carried forward +€110,657
up €110,657 (+19.1%), from €579,220 to €689,877
- Advances received -€91,796
down €91,796 (-6.1%), from €1.5m to €1.4m
Income statement
- Services and other goods +€1.2m
up €1.2m (+73.4%), from €1.6m to €2.8m
- Goods and materials +€583,556
up €583,556 (+24.1%), from €2.4m to €3.0m
of which Purchases: +€327,984
- Turnover -€300,530
down €300,530 (-4.7%), from €6.3m to €6.0m
- Other operating income +€240,911
up €240,911 (+92.9%), from €259,354 to €500,265
- Write-downs -€227,235
down €227,235, from €54,072 to -€173,163
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.
Result 2023
€155,859
Turnover
-€300,530
Other operating income
+€240,911
Goods and materials
-€583,556
Services and other goods
-€1.2m
Staff costs
+€102,223
Depreciation
+€11,909
Write-downs
+€227,235
Provisions
-€168,289
Other operating charges
+€55,647
Other operating items
+€1.6m
Financial income
-€19,469
Financial charges
-€16,681
Taxes
+€3,006
Result 2024
€116,481
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.
From operations
+€724,684
Investment
-€573,875
Financing
€0
Cash 2023
€0
From operations (derived)
+€724,684
Net result for the year
+€116,481
Depreciation
+€154,197
Stocks and contracts
-€1.4m
Receivables within one year
+€1.5m
Deferred charges and accrued income
+€3,637
Provisions
+€218,289
Trade debts
+€620,502
Tax, wage and social debts
-€55,364
Advances received
-€91,796
Other debts
-€374,130
Accrued charges and deferred income
+€43,639
Investment (derived)
-€573,875
Investment in fixed assets (net)
-€573,875
Cash 2024
€150,809
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,004,065 | €7,481,687 | +€477,622 | +6.8% |
| Fixed assets | 21/28 | €400,898 | €820,576 | +€419,678 | +104.7% |
| Tangible fixed assets | 22/27 | €400,898 | €820,576 | +€419,678 | +104.7% |
| Land and buildings | 22 | €64,177 | - | -€64,177 | |
| Plant, machinery and equipment | 23 | €259,675 | €436,101 | +€176,425 | +67.9% |
| Furniture and vehicles | 24 | €9,067 | €7,030 | -€2,037 | -22.5% |
| Other tangible fixed assets | 26 | - | €219,811 | +€219,811 | |
| Assets under construction and advance payments | 27 | €67,978 | €157,634 | +€89,656 | +131.9% |
| Current assets | 29/58 | €6,603,166 | €6,661,110 | +€57,944 | +0.9% |
| Stocks and contracts in progress | 3 | €1,499,305 | €2,912,011 | +€1.4m | +94.2% |
| Stocks | 30/36 | €791,772 | €719,925 | -€71,847 | -9.1% |
| Raw materials and consumables | 30/31 | €686,429 | €613,419 | -€73,010 | -10.6% |
| Goods purchased for resale | 34 | €105,343 | €106,506 | +€1,163 | +1.1% |
| Contracts in progress | 37 | €707,533 | €2,192,086 | +€1.5m | +209.8% |
| Amounts receivable within one year | 40/41 | €5,063,607 | €3,561,673 | -€1.5m | -29.7% |
| Trade receivables | 40 | €4,962,622 | €2,171,186 | -€2.8m | -56.2% |
| Other amounts receivable | 41 | €100,985 | €1,390,487 | +€1.3m | +1276.9% |
| Cash at bank and in hand | 54/58 | - | €150,809 | +€150,809 | |
| Deferred charges and accrued income | 490/1 | €40,254 | €36,617 | -€3,637 | -9.0% |
| Total equity and liabilities | 10/49 | €7,004,065 | €7,481,687 | +€477,622 | +6.8% |
| Equity | 10/15 | €3,702,705 | €3,819,187 | +€116,481 | +3.1% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Capital | 10 | €3,000,000 | €3,000,000 | = | 0.0% |
| Issued capital | 100 | €3,000,000 | €3,000,000 | = | 0.0% |
| Reserves | 13 | €123,485 | €129,309 | +€5,824 | +4.7% |
| Non-distributable reserves | 130/1 | €123,485 | €129,309 | +€5,824 | +4.7% |
| Legal reserve | 130 | €123,485 | €129,309 | +€5,824 | +4.7% |
| Profit (loss) carried forward | 14 | €579,220 | €689,877 | +€110,657 | +19.1% |
| Provisions and deferred taxes | 16 | €50,000 | €268,289 | +€218,289 | +436.6% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €268,289 | +€218,289 | +436.6% |
| Other liabilities and charges | 164/5 | €50,000 | €268,289 | +€218,289 | +436.6% |
| Amounts payable | 17/49 | €3,251,359 | €3,394,211 | +€142,851 | +4.4% |
| Amounts payable within one year | 42/48 | €3,241,408 | €3,340,620 | +€99,212 | +3.1% |
| Trade debts | 44 | €651,185 | €1,271,687 | +€620,502 | +95.3% |
| Suppliers | 440/4 | €651,185 | €1,271,687 | +€620,502 | +95.3% |
| Advances received on contracts in progress | 46 | €1,506,435 | €1,414,639 | -€91,796 | -6.1% |
| Taxes, remuneration and social security | 45 | €328,922 | €273,558 | -€55,364 | -16.8% |
| Taxes | 450/3 | €96,864 | €60,750 | -€36,115 | -37.3% |
| Remuneration and social security | 454/9 | €232,058 | €212,809 | -€19,249 | -8.3% |
| Other amounts payable | 47/48 | €754,866 | €380,736 | -€374,130 | -49.6% |
| Accrued charges and deferred income | 492/3 | €9,951 | €53,590 | +€43,639 | +438.5% |
| Operating income | 70/76A | €6,757,144 | €8,293,858 | +€1.5m | +22.7% |
| Turnover | 70 | €6,330,041 | €6,029,511 | -€300,530 | -4.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €131,246 | €1,737,582 | +€1.6m | +1223.9% |
| Other operating income | 74 | €259,354 | €500,265 | +€240,911 | +92.9% |
| Non-recurring operating income | 76A | €36,503 | €26,500 | -€10,003 | -27.4% |
| Operating charges | 60/66A | €6,562,439 | €8,105,387 | +€1.5m | +23.5% |
| Goods for resale, raw materials and consumables | 60 | €2,417,045 | €3,000,602 | +€583,556 | +24.1% |
| Purchases | 600/8 | €2,600,771 | €2,928,755 | +€327,984 | +12.6% |
| Change in stocks: decrease (increase) | 609 | -€183,726 | €71,847 | +€255,573 | |
| Services and other goods | 61 | €1,618,947 | €2,807,064 | +€1.2m | +73.4% |
| Remuneration, social security and pensions | 62 | €1,987,265 | €1,885,041 | -€102,223 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,107 | €154,197 | -€11,909 | -7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €54,072 | -€173,163 | -€227,235 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €50,000 | €218,289 | +€168,289 | +336.6% |
| Other operating charges | 640/8 | €269,004 | €213,357 | -€55,647 | -20.7% |
| Operating profit (loss) | 9901 | €194,705 | €188,472 | -€6,234 | -3.2% |
| Financial income | 75/76B | €31,629 | €12,160 | -€19,469 | -61.6% |
| Recurring financial income | 75 | €31,629 | €12,160 | -€19,469 | -61.6% |
| Income from current assets | 751 | €11,218 | €10,679 | -€539 | -4.8% |
| Other financial income | 752/9 | €20,411 | €1,481 | -€18,930 | -92.7% |
| Financial charges | 65/66B | €21,861 | €38,542 | +€16,681 | +76.3% |
| Recurring financial charges | 65 | €21,861 | €38,542 | +€16,681 | +76.3% |
| Debt charges | 650 | €18,162 | €31,385 | +€13,224 | +72.8% |
| Other financial charges | 652/9 | €3,699 | €7,157 | +€3,458 | +93.5% |
| Profit (loss) for the period before taxes | 9903 | €204,473 | €162,089 | -€42,384 | -20.7% |
| Income taxes | 67/77 | €48,614 | €45,608 | -€3,006 | -6.2% |
| Taxes | 670/3 | €48,614 | €45,608 | -€3,006 | -6.2% |
| Profit (loss) for the period | 9904 | €155,859 | €116,481 | -€39,378 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €155,859 | €116,481 | -€39,378 | -25.3% |
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 30 September 2026 via checked.be.