Socométal: 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.
Socométal
Largest movements
- Stocks and contracts -€117,157
down €117,157 (-33.0%), from €354,972 to €237,815
- Receivables within one year -€103,433
down €103,433 (-9.7%), from €1.1m to €968,145
of which Trade receivables: -€89,576
- Cash -€21,023
down €21,023 (-82.9%), from €25,370 to €4,348
mainly Trade debts (-€250,978) and Tax, wage and social debts (-€19,750)
- Trade debts -€250,978
down €250,978 (-34.6%), from €725,932 to €474,954
- Profit (loss) carried forward +€19,998
up €19,998 (+27.9%), from €71,576 to €91,573
- Tax, wage and social debts -€19,750
down €19,750 (-64.8%), from €30,496 to €10,746
of which Remuneration and social security: -€20,232
- Gross operating margin -€47,360
down €47,360 (-29.1%), from €162,924 to €115,564
- Staff costs -€23,263
down €23,263 (-27.9%), from €83,384 to €60,121
- Write-downs -€22,204
new in 2024: -€22,204
- Financial charges +€5,840
up €5,840 (+67.6%), from €8,643 to €14,483
- Other operating charges -€2,808
down €2,808 (-6.4%), from €44,177 to €41,370
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.
Derived cash bridge
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 | €1,476,648 | €1,223,549 | -€253,099 | -17.1% |
| Fixed assets | 21/28 | €10,803 | €8,937 | -€1,866 | -17.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €4,724 | €3,825 | -€899 | -19.0% |
| Land and buildings | 22 | €2,440 | €2,254 | -€186 | -7.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,284 | €1,571 | -€713 | -31.2% |
| Financial fixed assets | 28 | €6,079 | €5,113 | -€967 | -15.9% |
| Current assets | 29/58 | €1,465,845 | €1,214,612 | -€251,233 | -17.1% |
| Stocks and contracts in progress | 3 | €354,972 | €237,815 | -€117,157 | -33.0% |
| Stocks | 30/36 | €354,972 | €237,815 | -€117,157 | -33.0% |
| Amounts receivable within one year | 40/41 | €1,071,578 | €968,145 | -€103,433 | -9.7% |
| Trade receivables | 40 | €1,050,289 | €960,714 | -€89,576 | -8.5% |
| Other amounts receivable | 41 | €21,288 | €7,431 | -€13,857 | -65.1% |
| Cash at bank and in hand | 54/58 | €25,370 | €4,348 | -€21,023 | -82.9% |
| Deferred charges and accrued income | 490/1 | €13,925 | €4,304 | -€9,621 | -69.1% |
| Total equity and liabilities | 10/49 | €1,476,648 | €1,223,549 | -€253,099 | -17.1% |
| Equity | 10/15 | €180,649 | €201,573 | +€20,925 | +11.6% |
| Contributions | 10/11 | €99,157 | €100,000 | +€843 | +0.8% |
| Capital | 10 | €99,157 | €100,000 | +€843 | +0.8% |
| Issued capital | 100 | €99,157 | €100,000 | +€843 | +0.8% |
| Reserves | 13 | €9,916 | €10,000 | +€84 | +0.8% |
| Non-distributable reserves | 130/1 | €9,916 | €10,000 | +€84 | +0.8% |
| Legal reserve | 130 | €9,916 | €10,000 | +€84 | +0.8% |
| Profit (loss) carried forward | 14 | €71,576 | €91,573 | +€19,998 | +27.9% |
| Amounts payable | 17/49 | €1,295,999 | €1,021,975 | -€274,024 | -21.1% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,145,999 | €857,786 | -€288,214 | -25.1% |
| Trade debts | 44 | €725,932 | €474,954 | -€250,978 | -34.6% |
| Suppliers | 440/4 | €725,932 | €474,954 | -€250,978 | -34.6% |
| Advances received on contracts in progress | 46 | €14,751 | €600 | -€14,151 | -95.9% |
| Taxes, remuneration and social security | 45 | €30,496 | €10,746 | -€19,750 | -64.8% |
| Taxes | 450/3 | €4,130 | €4,613 | +€482 | +11.7% |
| Remuneration and social security | 454/9 | €26,365 | €6,133 | -€20,232 | -76.7% |
| Other amounts payable | 47/48 | €374,821 | €371,485 | -€3,335 | -0.9% |
| Accrued charges and deferred income | 492/3 | - | €14,190 | +€14,190 | |
| Non-recurring operating income | 76A | €775 | - | -€775 | |
| Remuneration, social security and pensions | 62 | €83,384 | €60,121 | -€23,263 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €569 | €899 | +€331 | +58.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€22,204 | -€22,204 | |
| Other operating charges | 640/8 | €44,177 | €41,370 | -€2,808 | -6.4% |
| Gross operating margin | 9900 | €162,924 | €115,564 | -€47,360 | -29.1% |
| Operating profit (loss) | 9901 | €34,795 | €35,378 | +€583 | +1.7% |
| Financial income | 75/76B | €235 | €30 | -€205 | -87.4% |
| Recurring financial income | 75 | €235 | €30 | -€205 | -87.4% |
| Financial charges | 65/66B | €8,643 | €14,483 | +€5,840 | +67.6% |
| Recurring financial charges | 65 | €8,643 | €14,483 | +€5,840 | +67.6% |
| Profit (loss) for the period before taxes | 9903 | €26,387 | €20,925 | -€5,462 | -20.7% |
| Income taxes | 67/77 | €233 | - | -€233 | |
| Profit (loss) for the period | 9904 | €26,154 | €20,925 | -€5,230 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,154 | €20,925 | -€5,230 | -20.0% |
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 14 October 2026 via checked.be.