SOCOTHERMIC: what changed
Two fiscal 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.
SOCOTHERMIC
Largest movements
- Cash -€45,312
down €45,312 (-50.6%), from €89,526 to €44,213
mainly Other debts (-€34,800) and Contributions, distributions and other (-€32,958)
- Tangible fixed assets -€23,750
down €23,750 (-22.1%), from €107,705 to €83,956
of which Furniture and vehicles: -€13,740
- Receivables within one year +€17,627
up €17,627 (+19.5%), from €90,356 to €107,983
of which Trade receivables: +€11,823
- Other debts -€34,800
down €34,800 (-52.4%), from €66,436 to €31,636
- Tax, wage and social debts -€11,803
down €11,803 (-34.4%), from €34,281 to €22,478
of which Taxes: -€12,100
- Debts after one year -€10,005
down €10,005 (-85.4%), from €11,713 to €1,709
- Gross operating margin -€70,008
down €70,008 (-29.2%), from €239,788 to €169,780
- Taxes -€18,286
down €18,286 (-57.2%), from €31,982 to €13,696
- Staff costs +€7,831
up €7,831 (+8.7%), from €90,354 to €98,185
- Write-downs -€5,751
down €5,751, from €4,218 to -€1,533
- Financial charges -€4,004
down €4,004 (-50.1%), from €7,992 to €3,988
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.
Cash bridge derived
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 | €486,686 | €433,250 | -€53,436 | -11.0% |
| Fixed assets | 21/28 | €107,705 | €83,956 | -€23,750 | -22.1% |
| Tangible fixed assets | 22/27 | €107,705 | €83,956 | -€23,750 | -22.1% |
| Land and buildings | 22 | €68,368 | €58,469 | -€9,899 | -14.5% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €39,226 | €25,487 | -€13,740 | -35.0% |
| Leasing and similar rights | 25 | €111 | - | -€111 | |
| Current assets | 29/58 | €378,981 | €349,294 | -€29,687 | -7.8% |
| Stocks and contracts in progress | 3 | €198,506 | €197,098 | -€1,408 | -0.7% |
| Stocks | 30/36 | €198,506 | €197,098 | -€1,408 | -0.7% |
| Amounts receivable within one year | 40/41 | €90,356 | €107,983 | +€17,627 | +19.5% |
| Trade receivables | 40 | €90,356 | €102,179 | +€11,823 | +13.1% |
| Other amounts receivable | 41 | - | €5,804 | +€5,804 | |
| Cash at bank and in hand | 54/58 | €89,526 | €44,213 | -€45,312 | -50.6% |
| Deferred charges and accrued income | 490/1 | €593 | €0 | -€593 | -100.0% |
| Total equity and liabilities | 10/49 | €486,686 | €433,250 | -€53,436 | -11.0% |
| Equity | 10/15 | €310,735 | €309,076 | -€1,659 | -0.5% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Outside capital | 11 | €6,500 | - | -€6,500 | |
| Share premium | 1100/10 | €6,500 | - | -€6,500 | |
| Reserves | 13 | €300,087 | €300,087 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €298,227 | €300,087 | +€1,860 | +0.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Investment grants | 15 | €4,148 | €2,489 | -€1,659 | -40.0% |
| Provisions and deferred taxes | 16 | €2,652 | €1,591 | -€1,061 | -40.0% |
| Deferred taxes | 168 | €2,652 | €1,591 | -€1,061 | -40.0% |
| Amounts payable | 17/49 | €173,299 | €122,583 | -€50,716 | -29.3% |
| Amounts payable after more than one year | 17 | €11,713 | €1,709 | -€10,005 | -85.4% |
| Financial debts | 170/4 | €11,713 | €1,709 | -€10,005 | -85.4% |
| Amounts payable within one year | 42/48 | €161,586 | €118,609 | -€42,977 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €9,594 | €10,005 | +€411 | +4.3% |
| Trade debts | 44 | €51,276 | €54,491 | +€3,215 | +6.3% |
| Suppliers | 440/4 | €51,276 | €54,491 | +€3,215 | +6.3% |
| Taxes, remuneration and social security | 45 | €34,281 | €22,478 | -€11,803 | -34.4% |
| Taxes | 450/3 | €22,418 | €10,318 | -€12,100 | -54.0% |
| Remuneration and social security | 454/9 | €11,863 | €12,160 | +€297 | +2.5% |
| Other amounts payable | 47/48 | €66,436 | €31,636 | -€34,800 | -52.4% |
| Accrued charges and deferred income | 492/3 | - | €2,266 | +€2,266 | |
| Non-recurring operating income | 76A | €11,267 | €0 | -€11,267 | -100.0% |
| Remuneration, social security and pensions | 62 | €90,354 | €98,185 | +€7,831 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,380 | €23,750 | +€370 | +1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,218 | -€1,533 | -€5,751 | |
| Other operating charges | 640/8 | €983 | €4,268 | +€3,285 | +334.0% |
| Gross operating margin | 9900 | €239,788 | €169,780 | -€70,008 | -29.2% |
| Operating profit (loss) | 9901 | €120,853 | €45,110 | -€75,743 | -62.7% |
| Financial income | 75/76B | €220 | €2,812 | +€2,592 | +1177.7% |
| Recurring financial income | 75 | €220 | €2,812 | +€2,592 | +1177.7% |
| Financial charges | 65/66B | €7,992 | €3,988 | -€4,004 | -50.1% |
| Recurring financial charges | 65 | €7,992 | €3,988 | -€4,004 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €113,081 | €43,934 | -€69,147 | -61.1% |
| Transfer from deferred taxes | 780 | - | €1,061 | +€1,061 | |
| Income taxes | 67/77 | €31,982 | €13,696 | -€18,286 | -57.2% |
| Profit (loss) for the period | 9904 | €81,098 | €31,298 | -€49,800 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €81,098 | €31,298 | -€49,800 | -61.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.