SOCODEV: 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.
SOCODEV
Largest movements
- Cash -€72,605
down €72,605 (-63.9%), from €113,668 to €41,064
mainly Contributions, distributions and other (-€60,000) and Other debts (-€59,677)
- Receivables within one year -€10,587
down €10,587 (-39.0%), from €27,129 to €16,543
- Tangible fixed assets -€5,498
down €5,498 (-11.7%), from €46,889 to €41,390
of which Plant, machinery and equipment: -€3,439
- Other debts -€59,677
down €59,677 (-44.6%), from €133,813 to €74,136
- Tax, wage and social debts -€24,415
down €24,415 (-61.5%), from €39,728 to €15,313
of which Taxes: -€24,773
- Trade debts -€4,531
down €4,531 (-64.9%), from €6,984 to €2,453
- Gross operating margin +€3,147
up €3,147 (+3.9%), from €81,217 to €84,364
- Taxes +€1,102
up €1,102 (+7.5%), from €14,664 to €15,767
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 | €187,887 | €99,172 | -€88,715 | -47.2% |
| Fixed assets | 21/28 | €46,889 | €41,390 | -€5,498 | -11.7% |
| Tangible fixed assets | 22/27 | €46,889 | €41,390 | -€5,498 | -11.7% |
| Plant, machinery and equipment | 23 | €42,251 | €38,811 | -€3,439 | -8.1% |
| Furniture and vehicles | 24 | €4,638 | €2,579 | -€2,059 | -44.4% |
| Current assets | 29/58 | €140,998 | €57,781 | -€83,217 | -59.0% |
| Amounts receivable within one year | 40/41 | €27,129 | €16,543 | -€10,587 | -39.0% |
| Trade receivables | 40 | €27,129 | €16,543 | -€10,587 | -39.0% |
| Cash at bank and in hand | 54/58 | €113,668 | €41,064 | -€72,605 | -63.9% |
| Deferred charges and accrued income | 490/1 | €201 | €175 | -€26 | -12.8% |
| Total equity and liabilities | 10/49 | €187,887 | €99,172 | -€88,715 | -47.2% |
| Equity | 10/15 | €7,362 | €7,270 | -€92 | -1.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,362 | €6,270 | -€92 | -1.4% |
| Amounts payable | 17/49 | €180,525 | €91,902 | -€88,623 | -49.1% |
| Amounts payable within one year | 42/48 | €180,525 | €91,902 | -€88,623 | -49.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,984 | €2,453 | -€4,531 | -64.9% |
| Suppliers | 440/4 | €6,984 | €2,453 | -€4,531 | -64.9% |
| Taxes, remuneration and social security | 45 | €39,728 | €15,313 | -€24,415 | -61.5% |
| Taxes | 450/3 | €39,728 | €14,955 | -€24,773 | -62.4% |
| Remuneration and social security | 454/9 | - | €358 | +€358 | |
| Other amounts payable | 47/48 | €133,813 | €74,136 | -€59,677 | -44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,459 | €8,013 | -€445 | -5.3% |
| Gross operating margin | 9900 | €81,217 | €84,364 | +€3,147 | +3.9% |
| Operating profit (loss) | 9901 | €72,758 | €76,351 | +€3,593 | +4.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €828 | €676 | -€153 | -18.4% |
| Recurring financial charges | 65 | €828 | €676 | -€153 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €71,930 | €75,675 | +€3,745 | +5.2% |
| Income taxes | 67/77 | €14,664 | €15,767 | +€1,102 | +7.5% |
| Profit (loss) for the period | 9904 | €57,265 | €59,908 | +€2,643 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,265 | €59,908 | +€2,643 | +4.6% |
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 3 October 2026 via checked.be.