Soco-M: 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.
Soco-M
Largest movements
- Financial fixed assets -€310,000
down €310,000 (-37.5%), from €825,700 to €515,700
- Tangible fixed assets +€183,034
up €183,034 (+15.8%), from €1.2m to €1.3m
of which Land and buildings: +€192,783
- Receivables within one year -€135,164
down €135,164 (-22.9%), from €589,975 to €454,812
of which Trade receivables: -€89,597
- Cash -€41,349
down €41,349 (-47.2%), from €87,531 to €46,182
mainly Debts after one year (-€516,053) and Current portion of long-term debt (-€54,227)
- Debts after one year -€516,053
down €516,053 (-63.2%), from €816,053 to €300,000
- Reserves +€307,406
up €307,406 (+18.6%), from €1.7m to €2.0m
of which Distributable reserves: +€160,056
- Current portion of long-term debt -€54,227
down €54,227 (-60.1%), from €90,280 to €36,053
- Tax, wage and social debts -€39,362
down €39,362 (-62.2%), from €63,240 to €23,878
of which Taxes: -€39,362
- Gross operating margin -€183,150
down €183,150 (-26.3%), from €695,517 to €512,367
- Financial income -€52,418
down €52,418 (-80.3%), from €65,264 to €12,846
- Financial charges +€8,783
up €8,783 (+328.7%), from €2,672 to €11,456
- Taxes -€8,196
down €8,196 (-5.7%), from €144,378 to €136,182
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 | €2,660,968 | €2,354,968 | -€305,999 | -11.5% |
| Fixed assets | 21/28 | €1,980,940 | €1,853,975 | -€126,966 | -6.4% |
| Tangible fixed assets | 22/27 | €1,155,240 | €1,338,275 | +€183,034 | +15.8% |
| Land and buildings | 22 | €1,134,042 | €1,326,825 | +€192,783 | +17.0% |
| Plant, machinery and equipment | 23 | €590 | €0 | -€590 | -100.0% |
| Furniture and vehicles | 24 | €20,608 | €11,450 | -€9,158 | -44.4% |
| Financial fixed assets | 28 | €825,700 | €515,700 | -€310,000 | -37.5% |
| Current assets | 29/58 | €680,027 | €500,994 | -€179,034 | -26.3% |
| Amounts receivable within one year | 40/41 | €589,975 | €454,812 | -€135,164 | -22.9% |
| Trade receivables | 40 | €300,655 | €211,057 | -€89,597 | -29.8% |
| Other amounts receivable | 41 | €289,320 | €243,754 | -€45,566 | -15.7% |
| Cash at bank and in hand | 54/58 | €87,531 | €46,182 | -€41,349 | -47.2% |
| Deferred charges and accrued income | 490/1 | €2,521 | €0 | -€2,521 | -100.0% |
| Total equity and liabilities | 10/49 | €2,660,968 | €2,354,968 | -€305,999 | -11.5% |
| Equity | 10/15 | €1,673,117 | €1,980,523 | +€307,406 | +18.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,654,517 | €1,961,923 | +€307,406 | +18.6% |
| Tax-exempt reserves | 132 | €256,810 | €404,160 | +€147,350 | +57.4% |
| Distributable reserves | 133 | €1,397,707 | €1,557,763 | +€160,056 | +11.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €987,850 | €374,445 | -€613,405 | -62.1% |
| Amounts payable after more than one year | 17 | €816,053 | €300,000 | -€516,053 | -63.2% |
| Financial debts | 170/4 | €816,053 | €300,000 | -€516,053 | -63.2% |
| Amounts payable within one year | 42/48 | €171,798 | €74,287 | -€97,510 | -56.8% |
| Current portion of amounts payable after more than one year | 42 | €90,280 | €36,053 | -€54,227 | -60.1% |
| Trade debts | 44 | €3,172 | €1,515 | -€1,657 | -52.2% |
| Suppliers | 440/4 | €3,172 | €1,515 | -€1,657 | -52.2% |
| Taxes, remuneration and social security | 45 | €63,240 | €23,878 | -€39,362 | -62.2% |
| Taxes | 450/3 | €57,418 | €18,055 | -€39,362 | -68.6% |
| Remuneration and social security | 454/9 | €5,822 | €5,822 | = | 0.0% |
| Other amounts payable | 47/48 | €15,106 | €12,842 | -€2,264 | -15.0% |
| Accrued charges and deferred income | 492/3 | - | €158 | +€158 | |
| Non-recurring operating income | 76A | €68,865 | €0 | -€68,865 | -100.0% |
| Remuneration, social security and pensions | 62 | €47,645 | €46,398 | -€1,246 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,820 | €9,966 | -€1,854 | -15.7% |
| Other operating charges | 640/8 | €6,947 | €6,738 | -€209 | -3.0% |
| Gross operating margin | 9900 | €695,517 | €512,367 | -€183,150 | -26.3% |
| Operating profit (loss) | 9901 | €629,105 | €449,264 | -€179,841 | -28.6% |
| Financial income | 75/76B | €65,264 | €12,846 | -€52,418 | -80.3% |
| Recurring financial income | 75 | €65,264 | €12,846 | -€52,418 | -80.3% |
| Financial charges | 65/66B | €2,672 | €11,456 | +€8,783 | +328.7% |
| Recurring financial charges | 65 | €2,672 | €11,456 | +€8,783 | +328.7% |
| Profit (loss) for the period before taxes | 9903 | €691,697 | €450,654 | -€241,042 | -34.8% |
| Income taxes | 67/77 | €144,378 | €136,182 | -€8,196 | -5.7% |
| Profit (loss) for the period | 9904 | €547,318 | €314,472 | -€232,846 | -42.5% |
| Transfer to tax-exempt reserves | 689 | €126,300 | €147,350 | +€21,050 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €421,018 | €167,122 | -€253,896 | -60.3% |
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 12 October 2026 via checked.be.