SOCODEL: 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.
SOCODEL
Largest movements
- Cash -€6,553
down €6,553 (-14.2%), from €46,100 to €39,547
mainly Contributions, distributions and other (-€17,833) and Investment in fixed assets (net) (-€8,200)
- Tangible fixed assets -€1,161
down €1,161 (-3.2%), from €36,318 to €35,157
of which Furniture and vehicles: -€947
- Other debts +€17,834
up €17,834 (+39941.9%), from €45 to €17,879
- Reserves -€16,500
down €16,500 (-47.1%), from €35,000 to €18,500
- Debts after one year -€6,748
down €6,748 (-19.5%), from €34,619 to €27,870
of which Financial debts: -€5,248
- Trade debts -€4,484
down €4,484 (-72.6%), from €6,181 to €1,696
- Current portion of long-term debt -€2,293
down €2,293 (-30.4%), from €7,541 to €5,248
- Gross operating margin -€34,684
down €34,684 (-67.2%), from €51,636 to €16,952
- Taxes -€5,931
down €5,931 (-78.2%), from €7,587 to €1,657
- Depreciation +€4,824
up €4,824 (+106.3%), from €4,537 to €9,361
- Other operating charges -€814
down €814 (-36.9%), from €2,209 to €1,395
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 | €109,646 | €101,054 | -€8,592 | -7.8% |
| Fixed assets | 21/28 | €36,988 | €35,827 | -€1,161 | -3.1% |
| Tangible fixed assets | 22/27 | €36,318 | €35,157 | -€1,161 | -3.2% |
| Plant, machinery and equipment | 23 | €580 | €365 | -€215 | -37.0% |
| Furniture and vehicles | 24 | €35,738 | €34,792 | -€947 | -2.6% |
| Financial fixed assets | 28 | €670 | €670 | = | 0.0% |
| Current assets | 29/58 | €72,657 | €65,227 | -€7,430 | -10.2% |
| Amounts receivable within one year | 40/41 | €25,437 | €24,387 | -€1,050 | -4.1% |
| Trade receivables | 40 | €13,430 | €4,107 | -€9,323 | -69.4% |
| Other amounts receivable | 41 | €12,007 | €20,280 | +€8,273 | +68.9% |
| Cash at bank and in hand | 54/58 | €46,100 | €39,547 | -€6,553 | -14.2% |
| Deferred charges and accrued income | 490/1 | €1,120 | €1,294 | +€173 | +15.5% |
| Total equity and liabilities | 10/49 | €109,646 | €101,054 | -€8,592 | -7.8% |
| Equity | 10/15 | €51,831 | €36,956 | -€14,875 | -28.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €35,000 | €18,500 | -€16,500 | -47.1% |
| Distributable reserves | 133 | €35,000 | €18,500 | -€16,500 | -47.1% |
| Profit (loss) carried forward | 14 | -€1,761 | -€136 | +€1,625 | +92.3% |
| Amounts payable | 17/49 | €57,814 | €64,098 | +€6,283 | +10.9% |
| Amounts payable after more than one year | 17 | €34,619 | €27,870 | -€6,748 | -19.5% |
| Financial debts | 170/4 | €19,619 | €14,370 | -€5,248 | -26.8% |
| Other amounts payable | 178/9 | €15,000 | €13,500 | -€1,500 | -10.0% |
| Amounts payable within one year | 42/48 | €20,226 | €32,237 | +€12,011 | +59.4% |
| Current portion of amounts payable after more than one year | 42 | €7,541 | €5,248 | -€2,293 | -30.4% |
| Trade debts | 44 | €6,181 | €1,696 | -€4,484 | -72.6% |
| Suppliers | 440/4 | €6,181 | €1,696 | -€4,484 | -72.6% |
| Taxes, remuneration and social security | 45 | €6,460 | €7,414 | +€954 | +14.8% |
| Taxes | 450/3 | €6,460 | €7,414 | +€954 | +14.8% |
| Other amounts payable | 47/48 | €45 | €17,879 | +€17,834 | +39941.9% |
| Accrued charges and deferred income | 492/3 | €2,970 | €3,990 | +€1,021 | +34.4% |
| Non-recurring operating income | 76A | €13,463 | - | -€13,463 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,537 | €9,361 | +€4,824 | +106.3% |
| Other operating charges | 640/8 | €2,209 | €1,395 | -€814 | -36.9% |
| Gross operating margin | 9900 | €51,636 | €16,952 | -€34,684 | -67.2% |
| Operating profit (loss) | 9901 | €44,890 | €6,196 | -€38,694 | -86.2% |
| Financial income | 75/76B | €1,044 | €695 | -€349 | -33.4% |
| Recurring financial income | 75 | €1,044 | €695 | -€349 | -33.4% |
| Financial charges | 65/66B | €2,449 | €2,276 | -€173 | -7.1% |
| Recurring financial charges | 65 | €2,449 | €2,276 | -€173 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €43,485 | €4,615 | -€38,870 | -89.4% |
| Income taxes | 67/77 | €7,587 | €1,657 | -€5,931 | -78.2% |
| Profit (loss) for the period | 9904 | €35,897 | €2,958 | -€32,939 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,897 | €2,958 | -€32,939 | -91.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.