SOCODETEC GROUP: 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.
SOCODETEC GROUP
Largest movements
- Tangible fixed assets +€77,968
up €77,968 (+330%), from €23,606 to €101,574
of which Furniture and vehicles: +€72,310
- Receivables within one year +€53,308
up €53,308 (+25.0%), from €212,966 to €266,274
of which Trade receivables: +€39,789
- Stocks and contracts +€37,750
up €37,750 (+521%), from €7,250 to €45,000
- Cash +€7,543
up €7,543 (+50.1%), from €15,062 to €22,605
mainly Short-term financial debts (+€99,888) and Other debts (+€31,045)
- Short-term financial debts +€99,888
up €99,888 (+185%), from €53,887 to €153,775
- Other debts +€31,045
up €31,045 (+60.7%), from €51,173 to €82,218
- Tax, wage and social debts +€24,628
up €24,628 (+142%), from €17,324 to €41,952
of which Remuneration and social security: +€29,632
- Current portion of long-term debt +€9,925
up €9,925 (+208%), from €4,770 to €14,695
- Trade debts +€6,998
up €6,998 (+17.7%), from €39,565 to €46,563
- Staff costs +€52,055
up €52,055 (+25.0%), from €208,594 to €260,650
- Gross operating margin +€47,240
up €47,240 (+18.5%), from €254,850 to €302,090
- Depreciation +€8,638
up €8,638 (+76.8%), from €11,246 to €19,884
- Taxes -€3,796
down €3,796 (-77.1%), from €4,926 to €1,129
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 | €268,353 | €445,129 | +€176,776 | +65.9% |
| Fixed assets | 21/28 | €33,075 | €111,043 | +€77,968 | +236% |
| Tangible fixed assets | 22/27 | €23,606 | €101,574 | +€77,968 | +330% |
| Plant, machinery and equipment | 23 | €3,968 | €9,921 | +€5,953 | +150% |
| Furniture and vehicles | 24 | €19,140 | €91,450 | +€72,310 | +378% |
| Other tangible fixed assets | 26 | €498 | €204 | -€294 | -59.1% |
| Financial fixed assets | 28 | €9,469 | €9,469 | = | 0.0% |
| Current assets | 29/58 | €235,278 | €334,086 | +€98,807 | +42.0% |
| Stocks and contracts in progress | 3 | €7,250 | €45,000 | +€37,750 | +521% |
| Stocks | 30/36 | €7,250 | €45,000 | +€37,750 | +521% |
| Amounts receivable within one year | 40/41 | €212,966 | €266,274 | +€53,308 | +25.0% |
| Trade receivables | 40 | €197,973 | €237,762 | +€39,789 | +20.1% |
| Other amounts receivable | 41 | €14,993 | €28,512 | +€13,519 | +90.2% |
| Cash at bank and in hand | 54/58 | €15,062 | €22,605 | +€7,543 | +50.1% |
| Deferred charges and accrued income | 490/1 | - | €207 | +€207 | |
| Total equity and liabilities | 10/49 | €268,353 | €445,129 | +€176,776 | +65.9% |
| Equity | 10/15 | €91,782 | €93,697 | +€1,915 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,860 | €42,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €41,000 | €41,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,322 | €32,237 | +€1,915 | +6.3% |
| Amounts payable | 17/49 | €176,571 | €351,431 | +€174,860 | +99.0% |
| Amounts payable after more than one year | 17 | €7,352 | €12,229 | +€4,877 | +66.3% |
| Financial debts | 170/4 | €7,352 | €12,229 | +€4,877 | +66.3% |
| Amounts payable within one year | 42/48 | €169,219 | €339,202 | +€169,983 | +100% |
| Current portion of amounts payable after more than one year | 42 | €4,770 | €14,695 | +€9,925 | +208% |
| Financial debts | 43 | €53,887 | €153,775 | +€99,888 | +185% |
| Credit institutions | 430/8 | €53,887 | €153,775 | +€99,888 | +185% |
| Trade debts | 44 | €39,565 | €46,563 | +€6,998 | +17.7% |
| Suppliers | 440/4 | €39,565 | €46,563 | +€6,998 | +17.7% |
| Advances received on contracts in progress | 46 | €2,500 | - | -€2,500 | |
| Taxes, remuneration and social security | 45 | €17,324 | €41,952 | +€24,628 | +142% |
| Taxes | 450/3 | €17,191 | €12,187 | -€5,005 | -29.1% |
| Remuneration and social security | 454/9 | €133 | €29,765 | +€29,632 | +22,330% |
| Other amounts payable | 47/48 | €51,173 | €82,218 | +€31,045 | +60.7% |
| Remuneration, social security and pensions | 62 | €208,594 | €260,650 | +€52,055 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,246 | €19,884 | +€8,638 | +76.8% |
| Other operating charges | 640/8 | €982 | €3,473 | +€2,491 | +254% |
| Non-recurring operating charges | 66A | - | €1,063 | +€1,063 | |
| Gross operating margin | 9900 | €254,850 | €302,090 | +€47,240 | +18.5% |
| Operating profit (loss) | 9901 | €34,028 | €17,020 | -€17,008 | -50.0% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €15,903 | €13,976 | -€1,927 | -12.1% |
| Recurring financial charges | 65 | €15,903 | €13,976 | -€1,927 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €18,128 | €3,044 | -€15,083 | -83.2% |
| Income taxes | 67/77 | €4,926 | €1,129 | -€3,796 | -77.1% |
| Profit (loss) for the period | 9904 | €13,202 | €1,915 | -€11,287 | -85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,202 | €1,915 | -€11,287 | -85.5% |
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 25 October 2026 via checked.be.