SOCOMAT: 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.
SOCOMAT
Largest movements
- Receivables within one year -€157,183
down €157,183 (-48.8%), from €322,175 to €164,992
of which Trade receivables: -€177,204
- Tangible fixed assets -€57,504
down €57,504 (-100%), from €57,504 to €0
of which Leasing and similar rights: -€30,613
- Cash +€37,816
up €37,816 (+465%), from €8,140 to €45,956
mainly Receivables within one year (+€157,183) and Investment in fixed assets (net) (+€57,504)
- Trade debts -€134,027
down €134,027 (-80.9%), from €165,769 to €31,742
- Profit (loss) carried forward +€44,914
up €44,914 (+64.4%), from €69,734 to €114,649
- Short-term financial debts -€34,517
down €34,517 (-100%), from €34,517 to €0
- Current portion of long-term debt -€34,171
down €34,171 (-100%), from €34,171 to €0
- Reserves -€20,051
down €20,051 (-40.8%), from €49,168 to €29,117
of which Tax-exempt reserves: -€20,051
- Gross operating margin -€273,410
down €273,410 (-73.3%), from €373,191 to €99,780
- Staff costs -€195,813
down €195,813 (-75.2%), from €260,368 to €64,555
- Financial charges -€27,225
down €27,225 (-79.2%), from €34,359 to €7,134
- Depreciation -€24,749
no longer reported in 2023 (was €24,749)
- Financial income -€5,457
down €5,457 (-57.7%), from €9,457 to €4,000
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €394,179 | €214,563 | -€179,617 | -45.6% |
| Fixed assets | 21/28 | €58,811 | €1,306 | -€57,504 | -97.8% |
| Tangible fixed assets | 22/27 | €57,504 | €0 | -€57,504 | -100% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €17,224 | €0 | -€17,224 | -100% |
| Furniture and vehicles | 24 | €9,667 | €0 | -€9,667 | -100% |
| Leasing and similar rights | 25 | €30,613 | €0 | -€30,613 | -100% |
| Financial fixed assets | 28 | €1,306 | €1,306 | = | 0.0% |
| Current assets | 29/58 | €335,368 | €213,256 | -€122,112 | -36.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €322,175 | €164,992 | -€157,183 | -48.8% |
| Trade receivables | 40 | €321,772 | €144,569 | -€177,204 | -55.1% |
| Other amounts receivable | 41 | €403 | €20,424 | +€20,021 | +4,973% |
| Cash at bank and in hand | 54/58 | €8,140 | €45,956 | +€37,816 | +465% |
| Deferred charges and accrued income | 490/1 | €5,053 | €2,308 | -€2,745 | -54.3% |
| Total equity and liabilities | 10/49 | €394,179 | €214,563 | -€179,617 | -45.6% |
| Equity | 10/15 | €145,495 | €166,358 | +€20,863 | +14.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €49,168 | €29,117 | -€20,051 | -40.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,051 | €10,000 | -€20,051 | -66.7% |
| Distributable reserves | 133 | €17,258 | €17,258 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,734 | €114,649 | +€44,914 | +64.4% |
| Investment grants | 15 | €8,000 | €4,000 | -€4,000 | -50.0% |
| Amounts payable | 17/49 | €248,684 | €48,205 | -€200,480 | -80.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €248,684 | €48,205 | -€200,480 | -80.6% |
| Current portion of amounts payable after more than one year | 42 | €34,171 | €0 | -€34,171 | -100% |
| Financial debts | 43 | €34,517 | €0 | -€34,517 | -100% |
| Credit institutions | 430/8 | €34,517 | €0 | -€34,517 | -100% |
| Trade debts | 44 | €165,769 | €31,742 | -€134,027 | -80.9% |
| Suppliers | 440/4 | €165,769 | €31,742 | -€134,027 | -80.9% |
| Taxes, remuneration and social security | 45 | €14,227 | €16,463 | +€2,236 | +15.7% |
| Taxes | 450/3 | €6,549 | €14,555 | +€8,006 | +122% |
| Remuneration and social security | 454/9 | €7,678 | €1,908 | -€5,771 | -75.2% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Non-recurring operating income | 76A | €250,162 | €215,319 | -€34,843 | -13.9% |
| Remuneration, social security and pensions | 62 | €260,368 | €64,555 | -€195,813 | -75.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,749 | - | -€24,749 | |
| Other operating charges | 640/8 | €2,333 | €2,354 | +€21 | +0.9% |
| Non-recurring operating charges | 66A | €359 | €502 | +€143 | +39.9% |
| Gross operating margin | 9900 | €373,191 | €99,780 | -€273,410 | -73.3% |
| Operating profit (loss) | 9901 | €85,382 | €32,368 | -€53,013 | -62.1% |
| Financial income | 75/76B | €9,457 | €4,000 | -€5,457 | -57.7% |
| Recurring financial income | 75 | €9,457 | €4,000 | -€5,457 | -57.7% |
| Financial charges | 65/66B | €34,359 | €7,134 | -€27,225 | -79.2% |
| Recurring financial charges | 65 | €34,359 | €7,134 | -€27,225 | -79.2% |
| Profit (loss) for the period before taxes | 9903 | €60,479 | €29,234 | -€31,245 | -51.7% |
| Income taxes | 67/77 | €404 | €4,371 | +€3,967 | +982% |
| Profit (loss) for the period | 9904 | €60,075 | €24,863 | -€35,212 | -58.6% |
| Transfer from tax-exempt reserves | 789 | - | €20,051 | +€20,051 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,075 | €44,914 | -€15,161 | -25.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.