SOCOBEL: 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.
SOCOBEL
Largest movements
- Current investments -€109,294
down €109,294 (-52.6%), from €207,688 to €98,394
- Tangible fixed assets -€28,409
down €28,409 (-9.2%), from €308,545 to €280,136
of which Furniture and vehicles: -€25,371
- Debts after one year -€105,000
down €105,000 (-50.0%), from €210,000 to €105,000
- Other debts -€27,509
down €27,509 (-62.4%), from €44,070 to €16,561
- Tax, wage and social debts +€12,354
up €12,354 (+591.6%), from €2,088 to €14,443
- Current portion of long-term debt -€6,808
no longer reported in 2025 (was €6,808)
- Financial income +€41,967
up €41,967 (+356.9%), from €11,758 to €53,725
of which Non-recurring financial income: +€45,411
- Financial charges +€26,528
up €26,528 (+222.2%), from €11,938 to €38,466
of which Non-recurring financial charges: +€28,267
- Gross operating margin -€17,421
down €17,421 (-62.4%), from €27,930 to €10,510
- Depreciation -€4,900
down €4,900 (-59.0%), from €8,309 to €3,409
- Taxes +€4,271
up €4,271 (+65.8%), from €6,490 to €10,760
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 | €545,258 | €412,104 | -€133,153 | -24.4% |
| Fixed assets | 21/28 | €308,545 | €280,136 | -€28,409 | -9.2% |
| Tangible fixed assets | 22/27 | €308,545 | €280,136 | -€28,409 | -9.2% |
| Land and buildings | 22 | €161,173 | €158,136 | -€3,038 | -1.9% |
| Furniture and vehicles | 24 | €147,372 | €122,001 | -€25,371 | -17.2% |
| Current assets | 29/58 | €236,712 | €131,968 | -€104,744 | -44.2% |
| Amounts receivable within one year | 40/41 | €2,261 | €2,261 | = | 0.0% |
| Trade receivables | 40 | €2,261 | €2,261 | = | 0.0% |
| Current investments | 50/53 | €207,688 | €98,394 | -€109,294 | -52.6% |
| Cash at bank and in hand | 54/58 | €21,029 | €25,893 | +€4,863 | +23.1% |
| Deferred charges and accrued income | 490/1 | €5,733 | €5,420 | -€313 | -5.5% |
| Total equity and liabilities | 10/49 | €545,258 | €412,104 | -€133,153 | -24.4% |
| Equity | 10/15 | €266,212 | €264,732 | -€1,480 | -0.6% |
| Contributions | 10/11 | €194,084 | €194,084 | = | 0.0% |
| Reserves | 13 | €70,750 | €70,750 | = | 0.0% |
| Distributable reserves | 133 | €70,750 | €70,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,378 | -€102 | -€1,480 | |
| Amounts payable | 17/49 | €279,046 | €147,372 | -€131,674 | -47.2% |
| Amounts payable after more than one year | 17 | €210,000 | €105,000 | -€105,000 | -50.0% |
| Other amounts payable | 178/9 | €210,000 | €105,000 | -€105,000 | -50.0% |
| Amounts payable within one year | 42/48 | €60,136 | €34,028 | -€26,108 | -43.4% |
| Current portion of amounts payable after more than one year | 42 | €6,808 | - | -€6,808 | |
| Trade debts | 44 | €7,170 | €3,024 | -€4,146 | -57.8% |
| Suppliers | 440/4 | €7,170 | €3,024 | -€4,146 | -57.8% |
| Taxes, remuneration and social security | 45 | €2,088 | €14,443 | +€12,354 | +591.6% |
| Taxes | 450/3 | €2,088 | €14,443 | +€12,354 | +591.6% |
| Other amounts payable | 47/48 | €44,070 | €16,561 | -€27,509 | -62.4% |
| Accrued charges and deferred income | 492/3 | €8,910 | €8,344 | -€566 | -6.4% |
| Non-recurring operating income | 76A | €20,358 | - | -€20,358 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,309 | €3,409 | -€4,900 | -59.0% |
| Other operating charges | 640/8 | €5,254 | €6,004 | +€749 | +14.3% |
| Non-recurring operating charges | 66A | €3,105 | €7,075 | +€3,970 | +127.9% |
| Gross operating margin | 9900 | €27,930 | €10,510 | -€17,421 | -62.4% |
| Operating profit (loss) | 9901 | €11,263 | -€5,978 | -€17,241 | |
| Financial income | 75/76B | €11,758 | €53,725 | +€41,967 | +356.9% |
| Recurring financial income | 75 | €11,758 | €8,313 | -€3,445 | -29.3% |
| Non-recurring financial income | 76B | - | €45,411 | +€45,411 | |
| Financial charges | 65/66B | €11,938 | €38,466 | +€26,528 | +222.2% |
| Recurring financial charges | 65 | €9,771 | €8,031 | -€1,739 | -17.8% |
| Non-recurring financial charges | 66B | €2,168 | €30,435 | +€28,267 | +1304.1% |
| Profit (loss) for the period before taxes | 9903 | €11,083 | €9,281 | -€1,802 | -16.3% |
| Income taxes | 67/77 | €6,490 | €10,760 | +€4,271 | +65.8% |
| Profit (loss) for the period | 9904 | €4,593 | -€1,480 | -€6,073 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,593 | -€1,480 | -€6,073 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.