SOCOGEFIM: 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.
SOCOGEFIM
Largest movements
- Cash -€24,774
down €24,774 (-49.9%), from €49,693 to €24,919
mainly Net result for the year (-€41,761) and Receivables within one year (-€7,993)
- Tangible fixed assets -€17,583
down €17,583 (-25.0%), from €70,323 to €52,740
of which Assets under construction and advance payments: -€16,875
- Receivables within one year +€7,993
up €7,993 (+16.5%), from €48,575 to €56,568
of which Trade receivables: +€6,312
- Deferred charges and accrued income +€6,761
up €6,761 (+450%), from €1,503 to €8,264
- Profit (loss) carried forward -€41,761
down €41,761 (-38.2%), from -€109,344 to -€151,104
- Debts after one year +€16,659
up €16,659 (+5.9%), from €284,245 to €300,904
of which Financial debts: +€17,759
- Gross operating margin -€7,508
down €7,508 (-16.6%), from €45,324 to €37,816
- Financial charges -€1,585
down €1,585 (-8.4%), from €18,801 to €17,216
- Staff costs +€664
up €664 (+1.7%), from €39,487 to €40,151
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 | €396,916 | €369,314 | -€27,603 | -7.0% |
| Fixed assets | 21/28 | €297,146 | €279,563 | -€17,583 | -5.9% |
| Tangible fixed assets | 22/27 | €70,323 | €52,740 | -€17,583 | -25.0% |
| Land and buildings | 22 | €6,018 | €5,310 | -€708 | -11.8% |
| Assets under construction and advance payments | 27 | €64,305 | €47,430 | -€16,875 | -26.2% |
| Financial fixed assets | 28 | €226,823 | €226,823 | = | 0.0% |
| Current assets | 29/58 | €99,771 | €89,751 | -€10,020 | -10.0% |
| Amounts receivable within one year | 40/41 | €48,575 | €56,568 | +€7,993 | +16.5% |
| Trade receivables | 40 | €37,425 | €43,738 | +€6,312 | +16.9% |
| Other amounts receivable | 41 | €11,150 | €12,831 | +€1,681 | +15.1% |
| Cash at bank and in hand | 54/58 | €49,693 | €24,919 | -€24,774 | -49.9% |
| Deferred charges and accrued income | 490/1 | €1,503 | €8,264 | +€6,761 | +450% |
| Total equity and liabilities | 10/49 | €396,916 | €369,314 | -€27,603 | -7.0% |
| Equity | 10/15 | €82,547 | €40,786 | -€41,761 | -50.6% |
| Contributions | 10/11 | €105,355 | €105,355 | = | 0.0% |
| Capital | 10 | €105,355 | €105,355 | = | 0.0% |
| Issued capital | 100 | €105,355 | €105,355 | = | 0.0% |
| Reserves | 13 | €86,535 | €86,535 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,535 | €10,535 | = | 0.0% |
| Legal reserve | 130 | €10,535 | €10,535 | = | 0.0% |
| Distributable reserves | 133 | €76,000 | €76,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,344 | -€151,104 | -€41,761 | -38.2% |
| Amounts payable | 17/49 | €314,370 | €328,528 | +€14,158 | +4.5% |
| Amounts payable after more than one year | 17 | €284,245 | €300,904 | +€16,659 | +5.9% |
| Financial debts | 170/4 | €283,145 | €300,904 | +€17,759 | +6.3% |
| Other amounts payable | 178/9 | €1,100 | - | -€1,100 | |
| Amounts payable within one year | 42/48 | €12,366 | €11,359 | -€1,008 | -8.1% |
| Trade debts | 44 | €4,325 | €3,914 | -€410 | -9.5% |
| Suppliers | 440/4 | €4,325 | €3,914 | -€410 | -9.5% |
| Taxes, remuneration and social security | 45 | €8,042 | €7,444 | -€597 | -7.4% |
| Taxes | 450/3 | €2,936 | €799 | -€2,136 | -72.8% |
| Remuneration and social security | 454/9 | €5,106 | €6,645 | +€1,539 | +30.1% |
| Accrued charges and deferred income | 492/3 | €17,759 | €16,266 | -€1,493 | -8.4% |
| Remuneration, social security and pensions | 62 | €39,487 | €40,151 | +€664 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,583 | €17,583 | = | 0.0% |
| Other operating charges | 640/8 | €4,510 | €4,627 | +€116 | +2.6% |
| Gross operating margin | 9900 | €45,324 | €37,816 | -€7,508 | -16.6% |
| Operating profit (loss) | 9901 | -€16,256 | -€24,545 | -€8,289 | -51.0% |
| Financial charges | 65/66B | €18,801 | €17,216 | -€1,585 | -8.4% |
| Recurring financial charges | 65 | €18,801 | €17,216 | -€1,585 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | -€35,057 | -€41,761 | -€6,704 | -19.1% |
| Profit (loss) for the period | 9904 | -€35,057 | -€41,761 | -€6,704 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,057 | -€41,761 | -€6,704 | -19.1% |
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 14 October 2026 via checked.be.