SOCOTEL: 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.
SOCOTEL
Largest movements
- Current investments -€635,007
down €635,007 (-51.5%), from €1.2m to €596,894
- Cash -€140,390
down €140,390 (-69.1%), from €203,208 to €62,817
mainly Contributions, distributions and other (-€1.5m) and Other debts (-€450,000)
- Receivables within one year -€42,159
down €42,159 (-6.1%), from €694,296 to €652,137
of which Trade receivables: -€437,766
- Profit (loss) carried forward -€456,747
down €456,747 (-76.2%), from €599,550 to €142,803
- Other debts -€450,000
down €450,000 (-50.0%), from €900,000 to €450,000
- Tax, wage and social debts +€72,491
up €72,491 (+17.5%), from €414,503 to €486,994
of which Taxes: +€63,020
- Gross operating margin -€86,122
down €86,122 (-4.6%), from €1.9m to €1.8m
- Financial income -€30,259
down €30,259 (-68.7%), from €44,027 to €13,768
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 | €2,337,795 | €1,505,434 | -€832,361 | -35.6% |
| Fixed assets | 21/28 | €190,313 | €180,795 | -€9,518 | -5.0% |
| Tangible fixed assets | 22/27 | €140,227 | €130,709 | -€9,518 | -6.8% |
| Land and buildings | 22 | €138,230 | €129,550 | -€8,680 | -6.3% |
| Plant, machinery and equipment | 23 | €1,997 | €1,159 | -€838 | -41.9% |
| Financial fixed assets | 28 | €50,086 | €50,086 | = | 0.0% |
| Current assets | 29/58 | €2,147,482 | €1,324,639 | -€822,843 | -38.3% |
| Amounts receivable after more than one year | 29 | €12,791 | €12,791 | = | 0.0% |
| Other amounts receivable | 291 | €12,791 | €12,791 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €694,296 | €652,137 | -€42,159 | -6.1% |
| Trade receivables | 40 | €644,312 | €206,546 | -€437,766 | -67.9% |
| Other amounts receivable | 41 | €49,984 | €445,591 | +€395,607 | +791% |
| Current investments | 50/53 | €1,231,902 | €596,894 | -€635,007 | -51.5% |
| Cash at bank and in hand | 54/58 | €203,208 | €62,817 | -€140,390 | -69.1% |
| Deferred charges and accrued income | 490/1 | €5,287 | - | -€5,287 | |
| Total equity and liabilities | 10/49 | €2,337,795 | €1,505,434 | -€832,361 | -35.6% |
| Equity | 10/15 | €1,005,001 | €548,254 | -€456,747 | -45.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €386,859 | €386,859 | = | 0.0% |
| 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 | €385,000 | €385,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €599,550 | €142,803 | -€456,747 | -76.2% |
| Amounts payable | 17/49 | €1,332,794 | €957,180 | -€375,614 | -28.2% |
| Amounts payable within one year | 42/48 | €1,332,794 | €957,180 | -€375,614 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €9,916 | - | -€9,916 | |
| Trade debts | 44 | €8,374 | €20,185 | +€11,811 | +141% |
| Suppliers | 440/4 | €8,374 | €20,185 | +€11,811 | +141% |
| Taxes, remuneration and social security | 45 | €414,503 | €486,994 | +€72,491 | +17.5% |
| Taxes | 450/3 | €388,552 | €451,572 | +€63,020 | +16.2% |
| Remuneration and social security | 454/9 | €25,951 | €35,423 | +€9,471 | +36.5% |
| Other amounts payable | 47/48 | €900,000 | €450,000 | -€450,000 | -50.0% |
| Remuneration, social security and pensions | 62 | €396,779 | €378,322 | -€18,458 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,615 | €9,518 | -€14,098 | -59.7% |
| Other operating charges | 640/8 | €6,916 | €8,329 | +€1,413 | +20.4% |
| Gross operating margin | 9900 | €1,888,030 | €1,801,908 | -€86,122 | -4.6% |
| Operating profit (loss) | 9901 | €1,460,719 | €1,405,740 | -€54,979 | -3.8% |
| Financial income | 75/76B | €44,027 | €13,768 | -€30,259 | -68.7% |
| Recurring financial income | 75 | €44,027 | €13,768 | -€30,259 | -68.7% |
| Financial charges | 65/66B | €817 | €314 | -€503 | -61.6% |
| Recurring financial charges | 65 | €817 | €314 | -€503 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €1,503,929 | €1,419,194 | -€84,735 | -5.6% |
| Income taxes | 67/77 | €380,156 | €375,940 | -€4,215 | -1.1% |
| Profit (loss) for the period | 9904 | €1,123,773 | €1,043,253 | -€80,520 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,123,773 | €1,043,253 | -€80,520 | -7.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.