SOCODITRA: 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.
What changed
SOCODITRA
NACE 01.610, Support activities for crop production
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€8,196
2023 · €165,421-€157,225
Equity
€664,961
2023 · €656,765+€8,196
Cash
€42,198
2023 · €60,641-€18,442
Balance sheet total
€5.5m
2023 · €3.6m+€2.0m
Largest movements
Assets
- Receivables within one year +€918,987
up €918,987 (+34.4%), from €2.7m to €3.6m
of which Trade receivables: +€884,465
- Stocks and contracts +€541,485
up €541,485 (+4071.7%), from €13,299 to €554,784
- Tangible fixed assets +€484,387
up €484,387 (+59.3%), from €816,225 to €1.3m
of which Leasing and similar rights: +€459,968
Equity and liabilities
- Short-term financial debts +€1.1m
up €1.1m (+278.8%), from €400,017 to €1.5m
- Trade debts +€864,211
up €864,211 (+66.5%), from €1.3m to €2.2m
- Debts after one year +€554,246
up €554,246 (+153.8%), from €360,329 to €914,575
- Current portion of long-term debt -€461,625
down €461,625 (-64.5%), from €715,618 to €253,993
- Tax, wage and social debts -€63,296
down €63,296 (-91.7%), from €69,053 to €5,758
of which Taxes: -€60,703
Income statement
- Gross operating margin -€120,476
down €120,476 (-19.9%), from €604,160 to €483,685
- Financial charges +€67,179
up €67,179 (+269.3%), from €24,943 to €92,121
- Taxes -€49,059
down €49,059, from €47,947 to -€1,111
- Depreciation +€38,396
up €38,396 (+15.5%), from €247,625 to €286,021
From the 2023 result to the 2024 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.
Result 2023
€165,421
Gross operating margin
-€120,476
Staff costs
+€1,939
Depreciation
-€38,396
Other operating charges
+€2,249
Financial income
+€31
Financial charges
-€67,179
Taxes
+€49,059
Deferred taxes and other
+€15,547
Result 2024
€8,196
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€455,931
Investment
-€770,408
Financing
+€1.2m
Cash 2023
€60,641
From operations (derived)
-€455,931
Net result for the year
+€8,196
Depreciation
+€286,021
Stocks and contracts
-€541,485
Receivables within one year
-€918,987
Deferred charges and accrued income
-€34,755
Smaller working-capital items
-€606
Trade debts
+€864,211
Tax, wage and social debts
-€63,296
Other debts
-€55,230
Investment (derived)
-€770,408
Investment in fixed assets (net)
-€770,408
Financing
+€1.2m
Debts after one year
+€554,246
Current portion of long-term debt
-€461,625
Short-term financial debts
+€1.1m
Cash 2024
€42,198
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,575,861 | €5,537,033 | +€2.0m | +54.8% |
| Fixed assets | 21/28 | €816,525 | €1,300,912 | +€484,387 | +59.3% |
| Tangible fixed assets | 22/27 | €816,225 | €1,300,612 | +€484,387 | +59.3% |
| Land and buildings | 22 | - | €83,199 | +€83,199 | |
| Plant, machinery and equipment | 23 | €617,834 | €561,447 | -€56,387 | -9.1% |
| Leasing and similar rights | 25 | €180,827 | €640,795 | +€459,968 | +254.4% |
| Other tangible fixed assets | 26 | €17,564 | €15,170 | -€2,394 | -13.6% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €2,759,336 | €4,236,121 | +€1.5m | +53.5% |
| Stocks and contracts in progress | 3 | €13,299 | €554,784 | +€541,485 | +4071.7% |
| Stocks | 30/36 | €13,299 | €554,784 | +€541,485 | +4071.7% |
| Amounts receivable within one year | 40/41 | €2,672,728 | €3,591,715 | +€918,987 | +34.4% |
| Trade receivables | 40 | €2,574,546 | €3,459,011 | +€884,465 | +34.4% |
| Other amounts receivable | 41 | €98,182 | €132,704 | +€34,522 | +35.2% |
| Cash at bank and in hand | 54/58 | €60,641 | €42,198 | -€18,442 | -30.4% |
| Deferred charges and accrued income | 490/1 | €12,669 | €47,424 | +€34,755 | +274.3% |
| Total equity and liabilities | 10/49 | €3,575,861 | €5,537,033 | +€2.0m | +54.8% |
| Equity | 10/15 | €656,765 | €664,961 | +€8,196 | +1.2% |
| Contributions | 10/11 | €198,600 | €198,600 | = | 0.0% |
| Reserves | 13 | €143,120 | €137,738 | -€5,382 | -3.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,260 | €35,878 | -€5,382 | -13.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €315,045 | €328,623 | +€13,578 | +4.3% |
| Provisions and deferred taxes | 16 | €13,753 | €11,959 | -€1,794 | -13.0% |
| Deferred taxes | 168 | €13,753 | €11,959 | -€1,794 | -13.0% |
| Amounts payable | 17/49 | €2,905,343 | €4,860,113 | +€2.0m | +67.3% |
| Amounts payable after more than one year | 17 | €360,329 | €914,575 | +€554,246 | +153.8% |
| Financial debts | 170/4 | €360,329 | €914,575 | +€554,246 | +153.8% |
| Amounts payable within one year | 42/48 | €2,545,014 | €3,944,350 | +€1.4m | +55.0% |
| Current portion of amounts payable after more than one year | 42 | €715,618 | €253,993 | -€461,625 | -64.5% |
| Financial debts | 43 | €400,017 | €1,515,293 | +€1.1m | +278.8% |
| Credit institutions | 430/8 | €400,017 | €1,515,293 | +€1.1m | +278.8% |
| Trade debts | 44 | €1,298,769 | €2,162,980 | +€864,211 | +66.5% |
| Suppliers | 440/4 | €1,298,769 | €2,162,980 | +€864,211 | +66.5% |
| Taxes, remuneration and social security | 45 | €69,053 | €5,758 | -€63,296 | -91.7% |
| Taxes | 450/3 | €60,703 | - | -€60,703 | |
| Remuneration and social security | 454/9 | €8,350 | €5,758 | -€2,592 | -31.0% |
| Other amounts payable | 47/48 | €61,556 | €6,326 | -€55,230 | -89.7% |
| Accrued charges and deferred income | 492/3 | - | €1,188 | +€1,188 | |
| Non-recurring operating income | 76A | €55,452 | - | -€55,452 | |
| Remuneration, social security and pensions | 62 | €97,486 | €95,546 | -€1,939 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €247,625 | €286,021 | +€38,396 | +15.5% |
| Other operating charges | 640/8 | €7,107 | €4,858 | -€2,249 | -31.6% |
| Gross operating margin | 9900 | €604,160 | €483,685 | -€120,476 | -19.9% |
| Operating profit (loss) | 9901 | €251,943 | €97,260 | -€154,684 | -61.4% |
| Financial income | 75/76B | €121 | €153 | +€31 | +25.9% |
| Recurring financial income | 75 | €121 | €153 | +€31 | +25.9% |
| Financial charges | 65/66B | €24,943 | €92,121 | +€67,179 | +269.3% |
| Recurring financial charges | 65 | €24,943 | €92,121 | +€67,179 | +269.3% |
| Profit (loss) for the period before taxes | 9903 | €227,122 | €5,291 | -€221,831 | -97.7% |
| Transfer from deferred taxes | 780 | €110 | €1,794 | +€1,684 | +1534.8% |
| Transfer to deferred taxes | 680 | €13,863 | - | -€13,863 | |
| Income taxes | 67/77 | €47,947 | -€1,111 | -€49,059 | |
| Profit (loss) for the period | 9904 | €165,421 | €8,196 | -€157,225 | -95.0% |
| Transfer from tax-exempt reserves | 789 | €329 | €5,382 | +€5,052 | +1534.7% |
| Transfer to tax-exempt reserves | 689 | €41,589 | - | -€41,589 | |
| Profit (loss) for the period to be appropriated | 9905 | €124,161 | €13,578 | -€110,584 | -89.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.