SOCOIMMO: 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.
SOCOIMMO
Largest movements
- Tangible fixed assets +€257,683
up €257,683 (+34.8%), from €740,452 to €998,135
of which Land and buildings: +€184,527
- Cash +€242,086
up €242,086 (+168.0%), from €144,087 to €386,172
mainly Debts after one year (+€352,068) and Contributions, distributions and other (+€78,753)
- Receivables within one year -€33,732
down €33,732 (-48.8%), from €69,133 to €35,401
- Debts after one year +€352,068
up €352,068 (+55.6%), from €633,490 to €985,558
of which Financial debts: +€356,588
- Reserves +€72,168
up €72,168 (+61.8%), from €116,788 to €188,956
of which Tax-exempt reserves: +€72,168
- Provisions +€24,056
up €24,056 (+64.5%), from €37,277 to €61,333
- Current portion of long-term debt +€21,256
up €21,256 (+41.0%), from €51,882 to €73,137
- Trade debts -€15,069
down €15,069 (-93.5%), from €16,118 to €1,050
- Other operating charges +€21,739
up €21,739 (+179.8%), from €12,089 to €33,828
- Taxes -€7,577
down €7,577 (-67.2%), from €11,278 to €3,701
- Financial charges +€5,050
up €5,050 (+37.0%), from €13,665 to €18,716
of which Financial charges: +€4,571
- Depreciation +€2,463
up €2,463 (+4.5%), from €54,468 to €56,930
- Gross operating margin -€2,332
down €2,332 (-2.1%), from €111,280 to €108,948
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €958,146 | €1,419,868 | +€461,722 | +48.2% |
| Fixed assets | 21/28 | €740,452 | €998,135 | +€257,683 | +34.8% |
| Tangible fixed assets | 22/27 | €740,452 | €998,135 | +€257,683 | +34.8% |
| Land and buildings | 22 | €575,582 | €760,109 | +€184,527 | +32.1% |
| Plant, machinery and equipment | 23 | €126,320 | €134,394 | +€8,074 | +6.4% |
| Furniture and vehicles | 24 | €38,550 | €103,632 | +€65,082 | +168.8% |
| Current assets | 29/58 | €217,694 | €421,733 | +€204,039 | +93.7% |
| Amounts receivable within one year | 40/41 | €69,133 | €35,401 | -€33,732 | -48.8% |
| Other amounts receivable | 41 | €69,133 | €35,401 | -€33,732 | -48.8% |
| Cash at bank and in hand | 54/58 | €144,087 | €386,172 | +€242,086 | +168.0% |
| Deferred charges and accrued income | 490/1 | €4,474 | €160 | -€4,314 | -96.4% |
| Total equity and liabilities | 10/49 | €958,146 | €1,419,868 | +€461,722 | +48.2% |
| Equity | 10/15 | €206,341 | €283,077 | +€76,735 | +37.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €116,788 | €188,956 | +€72,168 | +61.8% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Legal reserve | 130 | €4,958 | €4,958 | = | 0.0% |
| Tax-exempt reserves | 132 | €111,830 | €183,998 | +€72,168 | +64.5% |
| Profit (loss) carried forward | 14 | €28,053 | €32,621 | +€4,568 | +16.3% |
| Provisions and deferred taxes | 16 | €37,277 | €61,333 | +€24,056 | +64.5% |
| Deferred taxes | 168 | €37,277 | €61,333 | +€24,056 | +64.5% |
| Amounts payable | 17/49 | €714,528 | €1,075,459 | +€360,931 | +50.5% |
| Amounts payable after more than one year | 17 | €633,490 | €985,558 | +€352,068 | +55.6% |
| Financial debts | 170/4 | €406,460 | €763,047 | +€356,588 | +87.7% |
| Other amounts payable | 178/9 | €227,030 | €222,510 | -€4,520 | -2.0% |
| Amounts payable within one year | 42/48 | €79,278 | €89,142 | +€9,864 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €51,882 | €73,137 | +€21,256 | +41.0% |
| Trade debts | 44 | €16,118 | €1,050 | -€15,069 | -93.5% |
| Suppliers | 440/4 | €16,118 | €1,050 | -€15,069 | -93.5% |
| Taxes, remuneration and social security | 45 | €11,278 | €14,955 | +€3,677 | +32.6% |
| Taxes | 450/3 | €11,278 | €14,955 | +€3,677 | +32.6% |
| Accrued charges and deferred income | 492/3 | €1,761 | €760 | -€1,001 | -56.8% |
| Non-recurring operating income | 76A | €2,897 | - | -€2,897 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,468 | €56,930 | +€2,463 | +4.5% |
| Other operating charges | 640/8 | €12,089 | €33,828 | +€21,739 | +179.8% |
| Non-recurring operating charges | 66A | - | €211 | +€211 | |
| Gross operating margin | 9900 | €111,280 | €108,948 | -€2,332 | -2.1% |
| Operating profit (loss) | 9901 | €44,723 | €17,979 | -€26,744 | -59.8% |
| Financial income | 75/76B | €147 | €224 | +€77 | +52.6% |
| Recurring financial income | 75 | €147 | €224 | +€77 | +52.6% |
| Financial charges | 65/66B | €13,665 | €18,716 | +€5,050 | +37.0% |
| Recurring financial charges | 65 | €13,665 | €18,236 | +€4,571 | +33.5% |
| Non-recurring financial charges | 66B | - | €479 | +€479 | |
| Profit (loss) for the period before taxes | 9903 | €31,205 | -€513 | -€31,717 | |
| Transfer from deferred taxes | 780 | €2,118 | €2,195 | +€78 | +3.7% |
| Income taxes | 67/77 | €11,278 | €3,701 | -€7,577 | -67.2% |
| Profit (loss) for the period | 9904 | €22,044 | -€2,018 | -€24,062 | |
| Transfer from tax-exempt reserves | 789 | €6,353 | €6,586 | +€233 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,397 | €4,568 | -€23,829 | -83.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.