SOCO-T: 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-T
Largest movements
- Financial fixed assets -€465,067
down €465,067 (-65.1%), from €714,067 to €249,000
- Cash +€402,153
up €402,153 (+356%), from €113,071 to €515,224
mainly Investment in fixed assets (net) (+€482,079) and Receivables within one year (+€91,176)
- Receivables within one year -€91,176
down €91,176 (-22.1%), from €413,290 to €322,114
of which Other amounts receivable: -€74,968
- Tangible fixed assets -€35,766
down €35,766 (-66.8%), from €53,524 to €17,758
- Receivables after one year -€26,500
down €26,500 (-10.1%), from €262,500 to €236,000
- Other debts -€268,955
down €268,955 (-95.1%), from €282,871 to €13,915
- Profit (loss) carried forward +€74,268
up €74,268, from €0 to €74,268
- Debts after one year -€30,000
down €30,000 (-23.1%), from €130,000 to €100,000
- Financial charges +€221,596
up €221,596 (+31,828%), from €696 to €222,293
of which Non-recurring financial charges: +€213,733
- Financial income -€55,993
down €55,993 (-79.6%), from €70,311 to €14,318
- Taxes -€15,746
down €15,746 (-14.0%), from €112,329 to €96,583
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 | €1,559,276 | €1,342,709 | -€216,567 | -13.9% |
| Fixed assets | 21/28 | €767,591 | €266,758 | -€500,832 | -65.2% |
| Tangible fixed assets | 22/27 | €53,524 | €17,758 | -€35,766 | -66.8% |
| Furniture and vehicles | 24 | €53,524 | €17,758 | -€35,766 | -66.8% |
| Financial fixed assets | 28 | €714,067 | €249,000 | -€465,067 | -65.1% |
| Current assets | 29/58 | €791,686 | €1,075,951 | +€284,265 | +35.9% |
| Amounts receivable after more than one year | 29 | €262,500 | €236,000 | -€26,500 | -10.1% |
| Other amounts receivable | 291 | €262,500 | €236,000 | -€26,500 | -10.1% |
| Amounts receivable within one year | 40/41 | €413,290 | €322,114 | -€91,176 | -22.1% |
| Trade receivables | 40 | €231,599 | €215,392 | -€16,208 | -7.0% |
| Other amounts receivable | 41 | €181,691 | €106,723 | -€74,968 | -41.3% |
| Cash at bank and in hand | 54/58 | €113,071 | €515,224 | +€402,153 | +356% |
| Deferred charges and accrued income | 490/1 | €2,825 | €2,613 | -€212 | -7.5% |
| Total equity and liabilities | 10/49 | €1,559,276 | €1,342,709 | -€216,567 | -13.9% |
| Equity | 10/15 | €1,084,274 | €1,158,542 | +€74,268 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,065,674 | €1,065,674 | = | 0.0% |
| Tax-exempt reserves | 132 | €185,240 | €185,240 | = | 0.0% |
| Distributable reserves | 133 | €880,434 | €880,434 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €74,268 | +€74,268 | |
| Amounts payable | 17/49 | €475,003 | €184,167 | -€290,835 | -61.2% |
| Amounts payable after more than one year | 17 | €130,000 | €100,000 | -€30,000 | -23.1% |
| Other amounts payable | 178/9 | €130,000 | €100,000 | -€30,000 | -23.1% |
| Amounts payable within one year | 42/48 | €345,003 | €76,105 | -€268,898 | -77.9% |
| Trade debts | 44 | €1,595 | €45 | -€1,550 | -97.2% |
| Suppliers | 440/4 | €1,595 | €45 | -€1,550 | -97.2% |
| Taxes, remuneration and social security | 45 | €60,537 | €62,144 | +€1,608 | +2.7% |
| Taxes | 450/3 | €52,948 | €55,142 | +€2,194 | +4.1% |
| Remuneration and social security | 454/9 | €7,588 | €7,002 | -€587 | -7.7% |
| Other amounts payable | 47/48 | €282,871 | €13,915 | -€268,955 | -95.1% |
| Accrued charges and deferred income | 492/3 | - | €8,062 | +€8,062 | |
| Remuneration, social security and pensions | 62 | €52,435 | €49,716 | -€2,719 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,500 | €18,753 | +€253 | +1.4% |
| Other operating charges | 640/8 | €1,543 | €2,609 | +€1,066 | +69.1% |
| Non-recurring operating charges | 66A | - | €18,672 | +€18,672 | |
| Gross operating margin | 9900 | €470,240 | €471,486 | +€1,246 | +0.3% |
| Operating profit (loss) | 9901 | €397,763 | €381,736 | -€16,027 | -4.0% |
| Financial income | 75/76B | €70,311 | €14,318 | -€55,993 | -79.6% |
| Recurring financial income | 75 | €70,311 | €14,318 | -€55,993 | -79.6% |
| Financial charges | 65/66B | €696 | €222,293 | +€221,596 | +31,828% |
| Recurring financial charges | 65 | €696 | €8,559 | +€7,863 | +1,129% |
| Non-recurring financial charges | 66B | - | €213,733 | +€213,733 | |
| Profit (loss) for the period before taxes | 9903 | €467,378 | €173,761 | -€293,616 | -62.8% |
| Income taxes | 67/77 | €112,329 | €96,583 | -€15,746 | -14.0% |
| Profit (loss) for the period | 9904 | €355,048 | €77,178 | -€277,870 | -78.3% |
| Transfer to tax-exempt reserves | 689 | €35,785 | €0 | -€35,785 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €319,263 | €77,178 | -€242,085 | -75.8% |
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 28 October 2026 via checked.be.