SOCOFIN: 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
SOCOFIN
NACE 64.921, Financial service activities, except insurance and pension funding
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €1.3m+€229,982
Equity
€42.4m
2024 · €41.0m+€1.4m
Cash
€308,775
2024 · €138,327+€170,448
Balance sheet total
€42.5m
2024 · €41.0m+€1.5m
Largest movements
Assets
- Financial fixed assets +€5.4m
up €5.4m (+219577.6%), from €2,478 to €5.4m
- Current investments -€4.6m
down €4.6m (-12.7%), from €36.0m to €31.4m
- Receivables within one year +€646,368
up €646,368 (+14.2%), from €4.5m to €5.2m
of which Other amounts receivable: +€638,181
Equity and liabilities
- Profit (loss) carried forward +€1.4m
up €1.4m (+11.6%), from €11.8m to €13.2m
Income statement
- Financial income -€328,799
down €328,799 (-15.4%), from €2.1m to €1.8m
of which Financial income: -€217,075
- Financial charges -€291,310
down €291,310 (-67.2%), from €433,216 to €141,906
- Taxes -€253,544
down €253,544 (-77.2%), from €328,310 to €74,766
of which Taxes: -€246,798
- Services and other goods -€19,574
down €19,574 (-13.4%), from €145,918 to €126,344
- Turnover -€4,108
down €4,108 (-2.3%), from €175,902 to €171,794
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.
Result 2024
€1.3m
Turnover
-€4,108
Other operating income
+€316
Services and other goods
+€19,574
Staff costs
-€518
Provisions
-€1,300
Other operating charges
-€39
Financial income
-€328,799
Financial charges
+€291,310
Taxes
+€253,544
Result 2025
€1.5m
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.
From operations
+€1.1m
Investment
-€867,442
Financing
-€45,000
Cash 2024
€138,327
From operations (derived)
+€1.1m
Net result for the year
+€1.5m
Receivables within one year
-€646,368
Deferred charges and accrued income
+€195,085
Smaller working-capital items
+€7,908
Other debts
+€45,000
Investment (derived)
-€867,442
Investment in fixed assets (net)
-€5.4m
Current investments
+€4.6m
Financing
-€45,000
Contributions, distributions and other
-€45,000
Cash 2025
€308,775
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,041,548 | €42,530,720 | +€1.5m | +3.6% |
| Fixed assets | 21/28 | €2,478 | €5,443,588 | +€5.4m | +219577.6% |
| Financial fixed assets | 28 | €2,478 | €5,443,588 | +€5.4m | +219577.6% |
| Other financial fixed assets | 284/8 | €2,478 | €5,443,588 | +€5.4m | +219577.6% |
| Shares | 284 | - | €5,441,110 | +€5.4m | |
| Amounts receivable and cash guarantees | 285/8 | €2,478 | €2,478 | = | 0.0% |
| Current assets | 29/58 | €41,039,070 | €37,087,132 | -€4.0m | -9.6% |
| Amounts receivable within one year | 40/41 | €4,549,196 | €5,195,563 | +€646,368 | +14.2% |
| Trade receivables | 40 | €4,152 | €12,338 | +€8,187 | +197.2% |
| Other amounts receivable | 41 | €4,545,044 | €5,183,225 | +€638,181 | +14.0% |
| Current investments | 50/53 | €36,010,835 | €31,437,167 | -€4.6m | -12.7% |
| Other investments | 51/53 | €36,010,835 | €31,437,167 | -€4.6m | -12.7% |
| Cash at bank and in hand | 54/58 | €138,327 | €308,775 | +€170,448 | +123.2% |
| Deferred charges and accrued income | 490/1 | €340,712 | €145,627 | -€195,085 | -57.3% |
| Total equity and liabilities | 10/49 | €41,041,548 | €42,530,720 | +€1.5m | +3.6% |
| Equity | 10/15 | €41,000,661 | €42,436,925 | +€1.4m | +3.5% |
| Contributions | 10/11 | €14,500,000 | €14,500,000 | = | 0.0% |
| Capital | 10 | €14,500,000 | €14,500,000 | = | 0.0% |
| Issued capital | 100 | €14,500,000 | €14,500,000 | = | 0.0% |
| Reserves | 13 | €14,702,612 | €14,765,762 | +€63,150 | +0.4% |
| Non-distributable reserves | 130/1 | €1,450,000 | €1,450,000 | = | 0.0% |
| Legal reserve | 130 | €1,450,000 | €1,450,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €484,150 | €547,300 | +€63,150 | +13.0% |
| Distributable reserves | 133 | €12,768,462 | €12,768,462 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,798,049 | €13,171,164 | +€1.4m | +11.6% |
| Amounts payable | 17/49 | €40,887 | €93,795 | +€52,908 | +129.4% |
| Amounts payable within one year | 42/48 | €30,845 | €82,198 | +€51,352 | +166.5% |
| Trade debts | 44 | €1,908 | €12,054 | +€10,146 | +531.7% |
| Suppliers | 440/4 | €1,908 | €12,054 | +€10,146 | +531.7% |
| Taxes, remuneration and social security | 45 | €28,937 | €25,144 | -€3,793 | -13.1% |
| Taxes | 450/3 | €5,361 | €5,935 | +€575 | +10.7% |
| Remuneration and social security | 454/9 | €23,576 | €19,209 | -€4,368 | -18.5% |
| Other amounts payable | 47/48 | - | €45,000 | +€45,000 | |
| Accrued charges and deferred income | 492/3 | €10,042 | €11,597 | +€1,555 | +15.5% |
| Operating income | 70/76A | €181,276 | €177,484 | -€3,792 | -2.1% |
| Turnover | 70 | €175,902 | €171,794 | -€4,108 | -2.3% |
| Other operating income | 74 | €5,374 | €5,690 | +€316 | +5.9% |
| Operating charges | 60/66A | €302,516 | €284,798 | -€17,718 | -5.9% |
| Services and other goods | 61 | €145,918 | €126,344 | -€19,574 | -13.4% |
| Remuneration, social security and pensions | 62 | €156,700 | €157,218 | +€518 | +0.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,300 | - | +€1,300 | |
| Other operating charges | 640/8 | €1,198 | €1,237 | +€39 | +3.2% |
| Operating profit (loss) | 9901 | -€121,241 | -€107,314 | +€13,926 | +11.5% |
| Financial income | 75/76B | €2,134,049 | €1,805,250 | -€328,799 | -15.4% |
| Recurring financial income | 75 | €2,022,325 | €1,805,250 | -€217,075 | -10.7% |
| Income from financial fixed assets | 750 | €1,382 | - | -€1,382 | |
| Income from current assets | 751 | €1,437,568 | €1,643,953 | +€206,384 | +14.4% |
| Other financial income | 752/9 | €583,375 | €161,298 | -€422,077 | -72.4% |
| Non-recurring financial income | 76B | €111,724 | - | -€111,724 | |
| Financial charges | 65/66B | €433,216 | €141,906 | -€291,310 | -67.2% |
| Recurring financial charges | 65 | €433,216 | €141,906 | -€291,310 | -67.2% |
| Debt charges | 650 | €6 | €4 | -€2 | -40.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €186,359 | -€335,275 | -€521,634 | |
| Other financial charges | 652/9 | €246,851 | €477,177 | +€230,326 | +93.3% |
| Profit (loss) for the period before taxes | 9903 | €1,579,592 | €1,556,030 | -€23,562 | -1.5% |
| Income taxes | 67/77 | €328,310 | €74,766 | -€253,544 | -77.2% |
| Taxes | 670/3 | €328,310 | €81,511 | -€246,798 | -75.2% |
| Tax adjustments and reversals of tax provisions | 77 | - | €6,746 | +€6,746 | |
| Profit (loss) for the period | 9904 | €1,251,283 | €1,481,265 | +€229,982 | +18.4% |
| Transfer to tax-exempt reserves | 689 | €484,150 | €63,150 | -€421,000 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €767,133 | €1,418,115 | +€650,982 | +84.9% |
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 4 October 2026 via checked.be.