SOCOTOIT: 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.
SOCOTOIT
Largest movements
- Cash +€362,101
up €362,101 (+52.9%), from €685,003 to €1.0m
mainly Net result for the year (+€397,211) and Current investments (+€200,000)
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Receivables within one year +€86,408
up €86,408 (+18.1%), from €478,262 to €564,670
of which Trade receivables: +€151,683
- Tangible fixed assets -€66,185
down €66,185 (-9.9%), from €671,459 to €605,274
of which Furniture and vehicles: -€41,473
- Stocks and contracts -€29,119
down €29,119 (-11.9%), from €245,564 to €216,445
- Other debts +€175,000
up €175,000 (+38.0%), from €460,138 to €635,138
- Reserves -€104,848
down €104,848 (-72.3%), from €144,942 to €40,094
of which Tax-exempt reserves: -€104,848
- Profit (loss) carried forward +€67,060
up €67,060 (+4.9%), from €1.4m to €1.4m
- Gross operating margin +€271,077
up €271,077 (+48.4%), from €560,610 to €831,687
- Financial income -€27,586
down €27,586 (-51.7%), from €53,350 to €25,764
- Depreciation -€21,080
down €21,080 (-14.2%), from €148,753 to €127,672
- Taxes +€19,605
up €19,605 (+53.2%), from €36,879 to €56,484
- Staff costs -€13,522
down €13,522 (-5.6%), from €241,102 to €227,580
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 | €2,305,963 | €2,448,192 | +€142,229 | +6.2% |
| Fixed assets | 21/28 | €671,864 | €606,814 | -€65,050 | -9.7% |
| Tangible fixed assets | 22/27 | €671,459 | €605,274 | -€66,185 | -9.9% |
| Land and buildings | 22 | €427,397 | €427,940 | +€543 | +0.1% |
| Plant, machinery and equipment | 23 | €57,547 | €32,292 | -€25,255 | -43.9% |
| Furniture and vehicles | 24 | €186,515 | €145,042 | -€41,473 | -22.2% |
| Financial fixed assets | 28 | €405 | €1,540 | +€1,135 | +280% |
| Current assets | 29/58 | €1,634,099 | €1,841,378 | +€207,279 | +12.7% |
| Stocks and contracts in progress | 3 | €245,564 | €216,445 | -€29,119 | -11.9% |
| Stocks | 30/36 | €245,564 | €216,445 | -€29,119 | -11.9% |
| Amounts receivable within one year | 40/41 | €478,262 | €564,670 | +€86,408 | +18.1% |
| Trade receivables | 40 | €374,726 | €526,409 | +€151,683 | +40.5% |
| Other amounts receivable | 41 | €103,536 | €38,260 | -€65,276 | -63.0% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €685,003 | €1,047,104 | +€362,101 | +52.9% |
| Deferred charges and accrued income | 490/1 | €25,271 | €13,159 | -€12,111 | -47.9% |
| Total equity and liabilities | 10/49 | €2,305,963 | €2,448,192 | +€142,229 | +6.2% |
| Equity | 10/15 | €1,645,509 | €1,607,720 | -€37,789 | -2.3% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €144,942 | €40,094 | -€104,848 | -72.3% |
| Non-distributable reserves | 130/1 | €27,062 | €27,062 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,562 | €14,562 | = | 0.0% |
| Tax-exempt reserves | 132 | €117,880 | €13,032 | -€104,848 | -88.9% |
| Profit (loss) carried forward | 14 | €1,375,567 | €1,442,626 | +€67,060 | +4.9% |
| Provisions and deferred taxes | 16 | - | €4,344 | +€4,344 | |
| Deferred taxes | 168 | - | €4,344 | +€4,344 | |
| Amounts payable | 17/49 | €660,455 | €836,128 | +€175,674 | +26.6% |
| Amounts payable within one year | 42/48 | €660,418 | €836,107 | +€175,688 | +26.6% |
| Trade debts | 44 | €187,100 | €168,724 | -€18,376 | -9.8% |
| Suppliers | 440/4 | €187,100 | €168,724 | -€18,376 | -9.8% |
| Taxes, remuneration and social security | 45 | €13,181 | €32,245 | +€19,064 | +145% |
| Taxes | 450/3 | - | €22,190 | +€22,190 | |
| Remuneration and social security | 454/9 | €13,181 | €10,055 | -€3,126 | -23.7% |
| Other amounts payable | 47/48 | €460,138 | €635,138 | +€175,000 | +38.0% |
| Accrued charges and deferred income | 492/3 | €36 | €22 | -€15 | -40.5% |
| Non-recurring operating income | 76A | €3,000 | €6,000 | +€3,000 | +100% |
| Remuneration, social security and pensions | 62 | €241,102 | €227,580 | -€13,522 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,753 | €127,672 | -€21,080 | -14.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,417 | -€3,690 | -€9,107 | |
| Other operating charges | 640/8 | €9,714 | €15,042 | +€5,328 | +54.8% |
| Non-recurring operating charges | 66A | - | €32,252 | +€32,252 | |
| Gross operating margin | 9900 | €560,610 | €831,687 | +€271,077 | +48.4% |
| Operating profit (loss) | 9901 | €155,624 | €432,831 | +€277,206 | +178% |
| Financial income | 75/76B | €53,350 | €25,764 | -€27,586 | -51.7% |
| Recurring financial income | 75 | €53,350 | €25,764 | -€27,586 | -51.7% |
| Financial charges | 65/66B | €1,969 | €556 | -€1,413 | -71.8% |
| Recurring financial charges | 65 | €1,969 | €556 | -€1,413 | -71.8% |
| Profit (loss) for the period before taxes | 9903 | €207,005 | €458,039 | +€251,034 | +121% |
| Transfer from deferred taxes | 780 | - | €701 | +€701 | |
| Transfer to deferred taxes | 680 | - | €5,045 | +€5,045 | |
| Income taxes | 67/77 | €36,879 | €56,484 | +€19,605 | +53.2% |
| Profit (loss) for the period | 9904 | €170,126 | €397,211 | +€227,085 | +133% |
| Transfer from tax-exempt reserves | 789 | - | €119,982 | +€119,982 | |
| Transfer to tax-exempt reserves | 689 | - | €15,134 | +€15,134 | |
| Profit (loss) for the period to be appropriated | 9905 | €170,126 | €502,060 | +€331,933 | +195% |
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 16 October 2026 via checked.be.