SOCOBOUGE: 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.
SOCOBOUGE
Largest movements
- Tangible fixed assets -€87,805
down €87,805 (-3.8%), from €2.3m to €2.2m
of which Land and buildings: -€73,838
- Receivables within one year -€61,306
down €61,306 (-95.6%), from €64,147 to €2,841
of which Trade receivables: -€61,501
- Cash +€26,517
up €26,517 (+16.7%), from €158,590 to €185,107
mainly Depreciation (+€87,805) and Receivables within one year (+€61,306)
- Debts after one year -€135,066
down €135,066 (-12.7%), from €1.1m to €928,745
- Other debts -€54,430
down €54,430 (-10.7%), from €510,518 to €456,088
- Reserves +€53,443
up €53,443 (+10.9%), from €490,775 to €544,218
of which Distributable reserves: +€62,100
- Gross operating margin -€29,068
down €29,068 (-11.5%), from €253,094 to €224,027
- Taxes -€9,451
down €9,451 (-24.4%), from €38,670 to €29,219
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 | €2,524,780 | €2,396,918 | -€127,862 | -5.1% |
| Fixed assets | 21/28 | €2,294,021 | €2,206,036 | -€87,985 | -3.8% |
| Tangible fixed assets | 22/27 | €2,293,841 | €2,206,036 | -€87,805 | -3.8% |
| Land and buildings | 22 | €2,255,526 | €2,181,688 | -€73,838 | -3.3% |
| Plant, machinery and equipment | 23 | €12,779 | €11,014 | -€1,765 | -13.8% |
| Furniture and vehicles | 24 | €25,536 | €13,334 | -€12,201 | -47.8% |
| Financial fixed assets | 28 | €180 | - | -€180 | |
| Current assets | 29/58 | €230,759 | €190,882 | -€39,877 | -17.3% |
| Amounts receivable within one year | 40/41 | €64,147 | €2,841 | -€61,306 | -95.6% |
| Trade receivables | 40 | €63,561 | €2,060 | -€61,501 | -96.8% |
| Other amounts receivable | 41 | €586 | €781 | +€195 | +33.3% |
| Cash at bank and in hand | 54/58 | €158,590 | €185,107 | +€26,517 | +16.7% |
| Deferred charges and accrued income | 490/1 | €8,022 | €2,934 | -€5,087 | -63.4% |
| Total equity and liabilities | 10/49 | €2,524,780 | €2,396,918 | -€127,862 | -5.1% |
| Equity | 10/15 | €555,873 | €609,319 | +€53,446 | +9.6% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €490,775 | €544,218 | +€53,443 | +10.9% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €196,255 | €187,598 | -€8,657 | -4.4% |
| Distributable reserves | 133 | €282,020 | €344,120 | +€62,100 | +22.0% |
| Profit (loss) carried forward | 14 | €98 | €102 | +€3 | +3.1% |
| Provisions and deferred taxes | 16 | €101,056 | €96,598 | -€4,458 | -4.4% |
| Deferred taxes | 168 | €101,056 | €96,598 | -€4,458 | -4.4% |
| Amounts payable | 17/49 | €1,867,851 | €1,691,000 | -€176,851 | -9.5% |
| Amounts payable after more than one year | 17 | €1,063,811 | €928,745 | -€135,066 | -12.7% |
| Financial debts | 170/4 | €1,063,811 | €928,745 | -€135,066 | -12.7% |
| Amounts payable within one year | 42/48 | €659,766 | €609,289 | -€50,477 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €131,355 | €135,066 | +€3,711 | +2.8% |
| Trade debts | 44 | - | €11 | +€11 | |
| Suppliers | 440/4 | - | €11 | +€11 | |
| Taxes, remuneration and social security | 45 | €17,892 | €18,124 | +€231 | +1.3% |
| Taxes | 450/3 | €17,892 | €18,124 | +€231 | +1.3% |
| Other amounts payable | 47/48 | €510,518 | €456,088 | -€54,430 | -10.7% |
| Accrued charges and deferred income | 492/3 | €144,273 | €152,966 | +€8,693 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,957 | €87,805 | -€152 | -0.2% |
| Other operating charges | 640/8 | €13,472 | €13,988 | +€516 | +3.8% |
| Gross operating margin | 9900 | €253,094 | €224,027 | -€29,068 | -11.5% |
| Operating profit (loss) | 9901 | €151,666 | €122,234 | -€29,432 | -19.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €43,377 | €44,026 | +€648 | +1.5% |
| Recurring financial charges | 65 | €43,377 | €44,026 | +€648 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €108,288 | €78,208 | -€30,080 | -27.8% |
| Transfer from deferred taxes | 780 | €4,458 | €4,458 | = | 0.0% |
| Income taxes | 67/77 | €38,670 | €29,219 | -€9,451 | -24.4% |
| Profit (loss) for the period | 9904 | €74,076 | €53,446 | -€20,630 | -27.8% |
| Transfer from tax-exempt reserves | 789 | €8,657 | €8,657 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €82,733 | €62,103 | -€20,630 | -24.9% |
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 19 October 2026 via checked.be.