SOCOGEFI: 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
SOCOGEFI
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€74,551
2024 · €8.8m-€8.9m
Equity
€39.0m
2024 · €39.0m-€74,551
Cash
€1.3m
2024 · €1.2m+€68,408
Balance sheet total
€58.4m
2024 · €59.1m-€708,885
Largest movements
Assets
- Current investments +€2.9m
up €2.9m (+87.0%), from €3.3m to €6.1m
- Financial fixed assets -€2.7m
down €2.7m (-7.7%), from €34.8m to €32.1m
Equity and liabilities
- Debts after one year -€711,986
down €711,986 (-5.3%), from €13.4m to €12.6m
Income statement
- Financial income -€8.4m
down €8.4m (-88.5%), from €9.5m to €1.1m
- Taxes -€2.6m
down €2.6m (-85.5%), from €3.1m to €444,361
- Financial charges +€525,131
up €525,131 (+134.8%), from €389,594 to €914,725
of which Non-recurring financial charges: +€300,643
- Gross operating margin +€68,437
up €68,437 (+11.9%), from €572,752 to €641,189
- Other operating charges -€65,236
down €65,236 (-66.5%), from €98,063 to €32,827
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
€8.8m
Gross operating margin
+€68,437
Depreciation
-€22,688
Other operating charges
+€65,236
Financial income
-€8.4m
Financial charges
-€525,131
Taxes
+€2.6m
Deferred taxes and other
-€2.7m
Result 2025
-€74,551
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
+€1.0m
Investment
-€224,113
Financing
-€711,986
Cash 2024
€1.2m
From operations (derived)
+€1.0m
Net result for the year
-€74,551
Depreciation
+€521,944
Receivables within one year
+€359,438
Deferred charges and accrued income
+€120,023
Provisions
-€102,718
Trade debts
+€5,769
Tax, wage and social debts
+€242,271
Other debts
-€67,669
Investment (derived)
-€224,113
Investment in fixed assets (net)
+€2.6m
Current investments
-€2.9m
Financing
-€711,986
Debts after one year
-€711,986
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,116,991 | €58,408,107 | -€708,885 | -1.2% |
| Fixed assets | 21/28 | €52,695,288 | €49,537,457 | -€3.2m | -6.0% |
| Tangible fixed assets | 22/27 | €17,940,783 | €17,471,018 | -€469,765 | -2.6% |
| Land and buildings | 22 | €17,940,783 | €17,471,018 | -€469,765 | -2.6% |
| Financial fixed assets | 28 | €34,754,505 | €32,066,440 | -€2.7m | -7.7% |
| Current assets | 29/58 | €6,421,703 | €8,870,649 | +€2.4m | +38.1% |
| Amounts receivable within one year | 40/41 | €1,763,450 | €1,404,012 | -€359,438 | -20.4% |
| Other amounts receivable | 41 | €1,763,450 | €1,404,012 | -€359,438 | -20.4% |
| Current investments | 50/53 | €3,287,291 | €6,147,291 | +€2.9m | +87.0% |
| Cash at bank and in hand | 54/58 | €1,193,241 | €1,261,649 | +€68,408 | +5.7% |
| Deferred charges and accrued income | 490/1 | €177,721 | €57,697 | -€120,023 | -67.5% |
| Total equity and liabilities | 10/49 | €59,116,991 | €58,408,107 | -€708,885 | -1.2% |
| Equity | 10/15 | €39,026,749 | €38,952,198 | -€74,551 | -0.2% |
| Contributions | 10/11 | €541,302 | €541,302 | = | 0.0% |
| Capital | 10 | €541,302 | €541,302 | = | 0.0% |
| Issued capital | 100 | €541,302 | €541,302 | = | 0.0% |
| Reserves | 13 | €7,401,060 | €7,159,466 | -€241,594 | -3.3% |
| Non-distributable reserves | 130/1 | €84,970 | €84,970 | = | 0.0% |
| Legal reserve | 130 | €84,970 | €84,970 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,879,967 | €6,638,373 | -€241,594 | -3.5% |
| Distributable reserves | 133 | €436,122 | €436,122 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,084,387 | €31,251,430 | +€167,043 | +0.5% |
| Provisions and deferred taxes | 16 | €2,944,012 | €2,841,295 | -€102,718 | -3.5% |
| Deferred taxes | 168 | €2,944,012 | €2,841,295 | -€102,718 | -3.5% |
| Amounts payable | 17/49 | €17,146,230 | €16,614,614 | -€531,616 | -3.1% |
| Amounts payable after more than one year | 17 | €13,351,501 | €12,639,515 | -€711,986 | -5.3% |
| Financial debts | 170/4 | €13,351,501 | €12,639,515 | -€711,986 | -5.3% |
| Amounts payable within one year | 42/48 | €3,794,729 | €3,975,099 | +€180,370 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €711,986 | €711,986 | = | 0.0% |
| Trade debts | 44 | €37,760 | €43,529 | +€5,769 | +15.3% |
| Suppliers | 440/4 | €37,760 | €43,529 | +€5,769 | +15.3% |
| Taxes, remuneration and social security | 45 | €2,891,000 | €3,133,271 | +€242,271 | +8.4% |
| Taxes | 450/3 | €2,891,000 | €3,133,271 | +€242,271 | +8.4% |
| Other amounts payable | 47/48 | €153,982 | €86,313 | -€67,669 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €499,255 | €521,944 | +€22,688 | +4.5% |
| Other operating charges | 640/8 | €98,063 | €32,827 | -€65,236 | -66.5% |
| Gross operating margin | 9900 | €572,752 | €641,189 | +€68,437 | +11.9% |
| Operating profit (loss) | 9901 | -€24,566 | €86,418 | +€110,985 | |
| Financial income | 75/76B | €9,501,968 | €1,095,398 | -€8.4m | -88.5% |
| Recurring financial income | 75 | €9,501,968 | €1,095,398 | -€8.4m | -88.5% |
| Financial charges | 65/66B | €389,594 | €914,725 | +€525,131 | +134.8% |
| Recurring financial charges | 65 | €690,237 | €914,725 | +€224,488 | +32.5% |
| Non-recurring financial charges | 66B | -€300,643 | - | +€300,643 | |
| Profit (loss) for the period before taxes | 9903 | €9,087,807 | €267,092 | -€8.8m | -97.1% |
| Transfer from deferred taxes | 780 | €2,813,911 | €102,718 | -€2.7m | -96.3% |
| Income taxes | 67/77 | €3,057,345 | €444,361 | -€2.6m | -85.5% |
| Profit (loss) for the period | 9904 | €8,844,373 | -€74,551 | -€8.9m | |
| Transfer from tax-exempt reserves | 789 | €6,696,032 | €241,594 | -€6.5m | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,540,405 | €167,043 | -€15.4m | -98.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.