SOCOFINAM: 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.
SOCOFINAM
Largest movements
- Cash +€210,332
up €210,332 (+88.3%), from €238,111 to €448,443
mainly Net result for the year (+€486,730) and Trade debts (+€161,496)
- Receivables within one year +€114,793
up €114,793 (+17.1%), from €671,691 to €786,483
of which Trade receivables: +€115,285
- Tangible fixed assets -€58,120
down €58,120 (-15.8%), from €368,562 to €310,442
of which Furniture and vehicles: -€48,203
- Trade debts +€161,496
up €161,496 (+89.4%), from €180,649 to €342,145
- Other debts +€93,240
up €93,240 (+12.8%), from €727,890 to €821,130
- Tax, wage and social debts +€92,356
up €92,356 (+39.1%), from €236,483 to €328,839
of which Taxes: +€62,525
- Debts after one year -€63,368
down €63,368 (-29.5%), from €214,455 to €151,087
- Gross operating margin +€171,471
up €171,471 (+14.7%), from €1.2m to €1.3m
- Staff costs +€122,453
up €122,453 (+22.5%), from €544,894 to €667,347
- Write-downs +€27,919
up €27,919, from -€389 to €27,530
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 | €1,658,000 | €1,923,419 | +€265,419 | +16.0% |
| Fixed assets | 21/28 | €705,341 | €669,578 | -€35,763 | -5.1% |
| Intangible fixed assets | 21 | €11,491 | €21,848 | +€10,357 | +90.1% |
| Tangible fixed assets | 22/27 | €368,562 | €310,442 | -€58,120 | -15.8% |
| Land and buildings | 22 | €184,560 | €165,322 | -€19,237 | -10.4% |
| Furniture and vehicles | 24 | €184,002 | €135,799 | -€48,203 | -26.2% |
| Other tangible fixed assets | 26 | - | €9,321 | +€9,321 | |
| Financial fixed assets | 28 | €325,287 | €337,287 | +€12,000 | +3.7% |
| Current assets | 29/58 | €952,660 | €1,253,842 | +€301,182 | +31.6% |
| Amounts receivable after more than one year | 29 | €15,000 | €3,000 | -€12,000 | -80.0% |
| Other amounts receivable | 291 | €15,000 | €3,000 | -€12,000 | -80.0% |
| Amounts receivable within one year | 40/41 | €671,691 | €786,483 | +€114,793 | +17.1% |
| Trade receivables | 40 | €670,765 | €786,050 | +€115,285 | +17.2% |
| Other amounts receivable | 41 | €926 | €433 | -€493 | -53.2% |
| Cash at bank and in hand | 54/58 | €238,111 | €448,443 | +€210,332 | +88.3% |
| Deferred charges and accrued income | 490/1 | €27,858 | €15,915 | -€11,943 | -42.9% |
| Total equity and liabilities | 10/49 | €1,658,000 | €1,923,419 | +€265,419 | +16.0% |
| Equity | 10/15 | €19,384 | €19,114 | -€270 | -1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €784 | €514 | -€270 | -34.4% |
| Amounts payable | 17/49 | €1,638,616 | €1,904,305 | +€265,689 | +16.2% |
| Amounts payable after more than one year | 17 | €214,455 | €151,087 | -€63,368 | -29.5% |
| Financial debts | 170/4 | €214,455 | €151,087 | -€63,368 | -29.5% |
| Amounts payable within one year | 42/48 | €1,424,162 | €1,753,218 | +€329,057 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | €78,090 | €60,055 | -€18,035 | -23.1% |
| Trade debts | 44 | €180,649 | €342,145 | +€161,496 | +89.4% |
| Suppliers | 440/4 | €180,649 | €342,145 | +€161,496 | +89.4% |
| Advances received on contracts in progress | 46 | €201,050 | €201,050 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €236,483 | €328,839 | +€92,356 | +39.1% |
| Taxes | 450/3 | €104,141 | €166,666 | +€62,525 | +60.0% |
| Remuneration and social security | 454/9 | €132,342 | €162,173 | +€29,831 | +22.5% |
| Other amounts payable | 47/48 | €727,890 | €821,130 | +€93,240 | +12.8% |
| Remuneration, social security and pensions | 62 | €544,894 | €667,347 | +€122,453 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,039 | €85,325 | -€1,713 | -2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€389 | €27,530 | +€27,919 | |
| Other operating charges | 640/8 | €8,744 | €2,283 | -€6,461 | -73.9% |
| Gross operating margin | 9900 | €1,168,897 | €1,340,369 | +€171,471 | +14.7% |
| Operating profit (loss) | 9901 | €528,609 | €557,883 | +€29,274 | +5.5% |
| Financial income | 75/76B | €100,000 | €93,727 | -€6,273 | -6.3% |
| Recurring financial income | 75 | €100,000 | €93,727 | -€6,273 | -6.3% |
| Financial charges | 65/66B | €24,571 | €22,152 | -€2,420 | -9.8% |
| Recurring financial charges | 65 | €24,571 | €22,152 | -€2,420 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €604,038 | €629,458 | +€25,420 | +4.2% |
| Income taxes | 67/77 | €134,514 | €142,728 | +€8,213 | +6.1% |
| Profit (loss) for the period | 9904 | €469,524 | €486,730 | +€17,207 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €469,524 | €486,730 | +€17,207 | +3.7% |
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 23 October 2026 via checked.be.