SOCOGETRA: 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
SOCOGETRA
NACE 43.990, Other specialised construction activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7.8m
2024 · €4.6m+€3.2m
Equity
€29.4m
2024 · €29.5m-€180,152
Cash
€127,705
2024 · €186,600-€58,895
Balance sheet total
€132.9m
2024 · €125.1m+€7.8m
Largest movements
Assets
- Receivables within one year +€5.0m
up €5.0m (+9.6%), from €51.8m to €56.8m
of which Other amounts receivable: +€3.0m
- Financial fixed assets +€1.8m
up €1.8m (+4.7%), from €38.8m to €40.6m
of which Affiliated companies: +€1.8m
Equity and liabilities
- Trade debts +€6.0m
up €6.0m (+14.4%), from €42.1m to €48.2m
- Debts after one year -€5.0m
down €5.0m (-36.4%), from €13.8m to €8.7m
- Other debts +€3.3m
up €3.3m (+20.7%), from €15.8m to €19.0m
- Current portion of long-term debt +€1.9m
up €1.9m (+35.2%), from €5.5m to €7.4m
- Short-term financial debts +€1.7m
new in 2025: €1.7m
Income statement
- Financial income +€2.2m
up €2.2m (+1696.1%), from €127,147 to €2.3m
- Turnover +€1.6m
up €1.6m (+1.1%), from €145.7m to €147.3m
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
€4.6m
Turnover
+€1.6m
Other operating income
+€905,784
Goods and materials
-€648,675
Services and other goods
+€199,100
Staff costs
-€1.1m
Depreciation
-€214,013
Write-downs
-€3,876
Provisions
-€910,729
Other operating charges
+€6,394
Other operating items
+€1.5m
Financial income
+€2.2m
Financial charges
+€509,093
Taxes
-€751,164
Deferred taxes and other
-€16,379
Result 2025
€7.8m
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
+€16.3m
Investment
-€6.9m
Financing
-€9.4m
Cash 2024
€186,600
From operations (derived)
+€16.3m
Net result for the year
+€7.8m
Depreciation
+€4.2m
Stocks and contracts
-€36,491
Receivables within one year
-€5.0m
Deferred charges and accrued income
-€150,139
Provisions
+€1.2m
Trade debts
+€6.0m
Tax, wage and social debts
-€144,986
Advances received
-€1.0m
Other debts
+€3.3m
Accrued charges and deferred income
+€5,920
Investment (derived)
-€6.9m
Investment in fixed assets (net)
-€6.9m
Financing
-€9.4m
Debts after one year
-€5.0m
Current portion of long-term debt
+€1.9m
Short-term financial debts
+€1.7m
Contributions, distributions and other
-€8.0m
Cash 2025
€127,705
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,096,895 | €132,937,116 | +€7.8m | +6.3% |
| Fixed assets | 21/28 | €64,646,865 | €67,405,500 | +€2.8m | +4.3% |
| Intangible fixed assets | 21 | €11,953 | €16,023 | +€4,070 | +34.1% |
| Tangible fixed assets | 22/27 | €25,858,237 | €26,784,014 | +€925,777 | +3.6% |
| Land and buildings | 22 | €14,811,670 | €14,373,845 | -€437,824 | -3.0% |
| Plant, machinery and equipment | 23 | €4,994,833 | €5,038,916 | +€44,082 | +0.9% |
| Furniture and vehicles | 24 | €3,432,237 | €3,310,316 | -€121,921 | -3.6% |
| Leasing and similar rights | 25 | €1,086,931 | €1,174,072 | +€87,141 | +8.0% |
| Assets under construction and advance payments | 27 | €1,532,567 | €2,886,866 | +€1.4m | +88.4% |
| Financial fixed assets | 28 | €38,776,676 | €40,605,463 | +€1.8m | +4.7% |
| Affiliated companies | 280/1 | €38,460,788 | €40,282,081 | +€1.8m | +4.7% |
| Participating interests | 280 | €35,894,267 | €37,715,559 | +€1.8m | +5.1% |
| Amounts receivable | 281 | €2,566,522 | €2,566,522 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €272,719 | €272,719 | = | 0.0% |
| Participating interests | 282 | €272,719 | €272,719 | = | 0.0% |
| Other financial fixed assets | 284/8 | €43,168 | €50,663 | +€7,495 | +17.4% |
| Shares | 284 | €33,876 | €33,876 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €9,292 | €16,787 | +€7,495 | +80.7% |
| Current assets | 29/58 | €60,450,030 | €65,531,616 | +€5.1m | +8.4% |
| Stocks and contracts in progress | 3 | €8,038,300 | €8,074,791 | +€36,491 | +0.5% |
| Stocks | 30/36 | €2,391,146 | €2,287,566 | -€103,580 | -4.3% |
| Raw materials and consumables | 30/31 | €2,391,146 | €2,287,566 | -€103,580 | -4.3% |
| Contracts in progress | 37 | €5,647,154 | €5,787,225 | +€140,071 | +2.5% |
| Amounts receivable within one year | 40/41 | €51,805,774 | €56,759,625 | +€5.0m | +9.6% |
| Trade receivables | 40 | €49,142,315 | €51,096,826 | +€2.0m | +4.0% |
| Other amounts receivable | 41 | €2,663,459 | €5,662,799 | +€3.0m | +112.6% |
| Cash at bank and in hand | 54/58 | €186,600 | €127,705 | -€58,895 | -31.6% |
| Deferred charges and accrued income | 490/1 | €419,356 | €569,495 | +€150,139 | +35.8% |
| Total equity and liabilities | 10/49 | €125,096,895 | €132,937,116 | +€7.8m | +6.3% |
| Equity | 10/15 | €29,545,786 | €29,365,634 | -€180,152 | -0.6% |
| Contributions | 10/11 | €7,500,000 | €7,500,000 | = | 0.0% |
| Capital | 10 | €7,500,000 | €7,500,000 | = | 0.0% |
| Issued capital | 100 | €7,500,000 | €7,500,000 | = | 0.0% |
| Reserves | 13 | €22,045,786 | €21,865,634 | -€180,152 | -0.8% |
| Non-distributable reserves | 130/1 | €750,000 | €750,000 | = | 0.0% |
| Legal reserve | 130 | €750,000 | €750,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,544,848 | €1,628,809 | +€83,961 | +5.4% |
| Distributable reserves | 133 | €19,750,938 | €19,486,825 | -€264,112 | -1.3% |
| Provisions and deferred taxes | 16 | €3,763,774 | €5,003,418 | +€1.2m | +32.9% |
| Provisions for liabilities and charges | 160/5 | €3,673,485 | €4,885,142 | +€1.2m | +33.0% |
| Other liabilities and charges | 164/5 | €3,673,485 | €4,885,142 | +€1.2m | +33.0% |
| Deferred taxes | 168 | €90,290 | €118,277 | +€27,987 | +31.0% |
| Amounts payable | 17/49 | €91,787,335 | €98,568,064 | +€6.8m | +7.4% |
| Amounts payable after more than one year | 17 | €13,754,698 | €8,745,311 | -€5.0m | -36.4% |
| Financial debts | 170/4 | €13,754,698 | €8,745,311 | -€5.0m | -36.4% |
| Leasing and similar obligations | 172 | €562,277 | €641,851 | +€79,575 | +14.2% |
| Credit institutions | 173 | €4,792,421 | €4,103,459 | -€688,962 | -14.4% |
| Other loans | 174 | €8,400,000 | €4,000,000 | -€4.4m | -52.4% |
| Amounts payable within one year | 42/48 | €77,963,249 | €89,747,445 | +€11.8m | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €5,502,672 | €7,438,374 | +€1.9m | +35.2% |
| Financial debts | 43 | - | €1,705,979 | +€1.7m | |
| Credit institutions | 430/8 | - | €1,705,979 | +€1.7m | |
| Trade debts | 44 | €42,141,398 | €48,189,820 | +€6.0m | +14.4% |
| Suppliers | 440/4 | €42,141,398 | €48,189,820 | +€6.0m | +14.4% |
| Advances received on contracts in progress | 46 | €9,147,602 | €8,123,772 | -€1.0m | -11.2% |
| Taxes, remuneration and social security | 45 | €5,401,550 | €5,256,564 | -€144,986 | -2.7% |
| Taxes | 450/3 | €879,195 | €1,157,346 | +€278,151 | +31.6% |
| Remuneration and social security | 454/9 | €4,522,355 | €4,099,218 | -€423,137 | -9.4% |
| Other amounts payable | 47/48 | €15,770,028 | €19,032,936 | +€3.3m | +20.7% |
| Accrued charges and deferred income | 492/3 | €69,388 | €75,308 | +€5,920 | +8.5% |
| Operating income | 70/76A | €151,788,753 | €155,663,281 | +€3.9m | +2.6% |
| Turnover | 70 | €145,712,292 | €147,279,658 | +€1.6m | +1.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,267,890 | €140,071 | +€1.4m | |
| Other operating income | 74 | €7,337,574 | €8,243,358 | +€905,784 | +12.3% |
| Non-recurring operating income | 76A | €6,777 | €194 | -€6,583 | -97.1% |
| Operating charges | 60/66A | €143,546,676 | €146,123,754 | +€2.6m | +1.8% |
| Goods for resale, raw materials and consumables | 60 | €94,353,703 | €95,002,378 | +€648,675 | +0.7% |
| Purchases | 600/8 | €93,429,570 | €94,898,797 | +€1.5m | +1.6% |
| Change in stocks: decrease (increase) | 609 | €924,133 | €103,580 | -€820,552 | -88.8% |
| Services and other goods | 61 | €12,259,617 | €12,060,517 | -€199,100 | -1.6% |
| Remuneration, social security and pensions | 62 | €32,328,082 | €33,433,353 | +€1.1m | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,970,067 | €4,184,080 | +€214,013 | +5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €647 | €4,523 | +€3,876 | +599.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €300,928 | €1,211,657 | +€910,729 | +302.6% |
| Other operating charges | 640/8 | €233,630 | €227,236 | -€6,394 | -2.7% |
| Non-recurring operating charges | 66A | €100,003 | €11 | -€99,992 | -100.0% |
| Operating profit (loss) | 9901 | €8,242,077 | €9,539,527 | +€1.3m | +15.7% |
| Financial income | 75/76B | €127,147 | €2,283,732 | +€2.2m | +1696.1% |
| Recurring financial income | 75 | €127,147 | €2,283,732 | +€2.2m | +1696.1% |
| Income from financial fixed assets | 750 | €30,000 | €2,000,000 | +€2.0m | +6566.7% |
| Income from current assets | 751 | €49,238 | €190,671 | +€141,434 | +287.2% |
| Other financial income | 752/9 | €47,910 | €93,061 | +€45,151 | +94.2% |
| Financial charges | 65/66B | €1,723,075 | €1,213,982 | -€509,093 | -29.5% |
| Recurring financial charges | 65 | €1,723,075 | €1,213,982 | -€509,093 | -29.5% |
| Debt charges | 650 | €1,626,408 | €1,086,520 | -€539,888 | -33.2% |
| Other financial charges | 652/9 | €96,667 | €127,462 | +€30,795 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | €6,646,150 | €10,609,276 | +€4.0m | +59.6% |
| Transfer from deferred taxes | 780 | €13,017 | €32,988 | +€19,971 | +153.4% |
| Transfer to deferred taxes | 680 | €24,625 | €60,975 | +€36,350 | +147.6% |
| Income taxes | 67/77 | €2,010,277 | €2,761,441 | +€751,164 | +37.4% |
| Taxes | 670/3 | €2,010,277 | €2,822,752 | +€812,475 | +40.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €61,311 | +€61,311 | |
| Profit (loss) for the period | 9904 | €4,624,264 | €7,819,848 | +€3.2m | +69.1% |
| Transfer from tax-exempt reserves | 789 | €1,344,151 | €98,965 | -€1.2m | -92.6% |
| Transfer to tax-exempt reserves | 689 | €152,075 | €182,925 | +€30,851 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,816,340 | €7,735,888 | +€1.9m | +33.0% |
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 3 October 2026 via checked.be.