SOCONORD: 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.
SOCONORD
Largest movements
- Cash -€2.4m
down €2.4m (-66.2%), from €3.7m to €1.2m
mainly Other debts (-€4.4m) and Receivables within one year (-€1.1m)
- Receivables within one year +€1.1m
up €1.1m (+17.7%), from €6.4m to €7.5m
of which Trade receivables: +€1.2m
- Current investments -€986,027
down €986,027 (-21.5%), from €4.6m to €3.6m
- Stocks and contracts -€266,964
down €266,964 (-80.2%), from €332,875 to €65,911
of which Contracts in progress: -€208,575
- Other debts -€4.4m
down €4.4m (-95.7%), from €4.6m to €199,361
- Trade debts +€1.6m
up €1.6m (+191%), from €832,321 to €2.4m
- Profit (loss) carried forward +€530,653
up €530,653 (+15.7%), from €3.4m to €3.9m
- Accrued charges and deferred income -€255,567
down €255,567 (-81.3%), from €314,500 to €58,933
- Turnover -€19.7m
down €19.7m (-71.0%), from €27.7m to €8.0m
- Goods and materials -€17.5m
down €17.5m (-72.6%), from €24.1m to €6.6m
of which Purchases: -€17.5m
- Write-downs -€3.8m
down €3.8m, from €1.9m to -€1.9m
- Financial income -€2.0m
down €2.0m (-72.3%), from €2.7m to €750,078
- Financial charges +€467,747
up €467,747 (+26.8%), from €1.7m to €2.2m
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 | €14,996,129 | €12,440,231 | -€2.6m | -17.0% |
| Current assets | 29/58 | €14,996,129 | €12,440,231 | -€2.6m | -17.0% |
| Stocks and contracts in progress | 3 | €332,875 | €65,911 | -€266,964 | -80.2% |
| Stocks | 30/36 | €117,437 | €59,048 | -€58,389 | -49.7% |
| Goods purchased for resale | 34 | €117,437 | €59,048 | -€58,389 | -49.7% |
| Contracts in progress | 37 | €215,438 | €6,863 | -€208,575 | -96.8% |
| Amounts receivable within one year | 40/41 | €6,401,141 | €7,535,145 | +€1.1m | +17.7% |
| Trade receivables | 40 | €6,221,881 | €7,384,770 | +€1.2m | +18.7% |
| Other amounts receivable | 41 | €179,260 | €150,375 | -€28,885 | -16.1% |
| Current investments | 50/53 | €4,578,712 | €3,592,684 | -€986,027 | -21.5% |
| Other investments | 51/53 | €4,578,712 | €3,592,684 | -€986,027 | -21.5% |
| Cash at bank and in hand | 54/58 | €3,673,109 | €1,242,814 | -€2.4m | -66.2% |
| Deferred charges and accrued income | 490/1 | €10,293 | €3,676 | -€6,617 | -64.3% |
| Total equity and liabilities | 10/49 | €14,996,129 | €12,440,231 | -€2.6m | -17.0% |
| Equity | 10/15 | €9,201,444 | €9,760,027 | +€558,582 | +6.1% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Capital | 10 | €4,000,000 | €4,000,000 | = | 0.0% |
| Issued capital | 100 | €4,000,000 | €4,000,000 | = | 0.0% |
| Reserves | 13 | €1,829,161 | €1,857,090 | +€27,929 | +1.5% |
| Non-distributable reserves | 130/1 | €354,161 | €382,090 | +€27,929 | +7.9% |
| Legal reserve | 130 | €354,161 | €382,090 | +€27,929 | +7.9% |
| Distributable reserves | 133 | €1,475,000 | €1,475,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,372,284 | €3,902,937 | +€530,653 | +15.7% |
| Amounts payable | 17/49 | €5,794,684 | €2,680,204 | -€3.1m | -53.7% |
| Amounts payable within one year | 42/48 | €5,480,184 | €2,621,271 | -€2.9m | -52.2% |
| Trade debts | 44 | €832,321 | €2,421,910 | +€1.6m | +191% |
| Suppliers | 440/4 | €832,321 | €2,421,910 | +€1.6m | +191% |
| Other amounts payable | 47/48 | €4,647,864 | €199,361 | -€4.4m | -95.7% |
| Accrued charges and deferred income | 492/3 | €314,500 | €58,933 | -€255,567 | -81.3% |
| Operating income | 70/76A | €27,490,375 | €7,834,310 | -€19.7m | -71.5% |
| Turnover | 70 | €27,702,965 | €8,042,884 | -€19.7m | -71.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€212,590 | -€208,575 | +€4,016 | +1.9% |
| Operating charges | 60/66A | €27,122,891 | €5,810,087 | -€21.3m | -78.6% |
| Goods for resale, raw materials and consumables | 60 | €24,094,536 | €6,597,378 | -€17.5m | -72.6% |
| Purchases | 600/8 | €24,025,501 | €6,541,905 | -€17.5m | -72.8% |
| Change in stocks: decrease (increase) | 609 | €69,035 | €55,473 | -€13,561 | -19.6% |
| Services and other goods | 61 | €1,099,074 | €1,114,923 | +€15,849 | +1.4% |
| Remuneration, social security and pensions | 62 | €6,842 | €6,034 | -€808 | -11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,921,471 | -€1,909,247 | -€3.8m | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | €367,484 | €2,024,223 | +€1.7m | +451% |
| Financial income | 75/76B | €2,704,799 | €750,078 | -€2.0m | -72.3% |
| Recurring financial income | 75 | €2,704,799 | €750,078 | -€2.0m | -72.3% |
| Income from current assets | 751 | €360,226 | €367,557 | +€7,331 | +2.0% |
| Other financial income | 752/9 | €2,344,573 | €382,521 | -€2.0m | -83.7% |
| Financial charges | 65/66B | €1,747,985 | €2,215,733 | +€467,747 | +26.8% |
| Recurring financial charges | 65 | €1,747,985 | €2,215,733 | +€467,747 | +26.8% |
| Debt charges | 650 | €314,422 | €38,348 | -€276,073 | -87.8% |
| Other financial charges | 652/9 | €1,433,564 | €2,177,384 | +€743,821 | +51.9% |
| Profit (loss) for the period before taxes | 9903 | €1,324,298 | €558,568 | -€765,730 | -57.8% |
| Income taxes | 67/77 | €23,186 | -€14 | -€23,200 | |
| Taxes | 670/3 | €24,554 | - | -€24,554 | |
| Tax adjustments and reversals of tax provisions | 77 | €1,368 | €14 | -€1,354 | -99.0% |
| Profit (loss) for the period | 9904 | €1,301,112 | €558,582 | -€742,530 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,301,112 | €558,582 | -€742,530 | -57.1% |
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.