SOCOWOOD: 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.
SOCOWOOD
Largest movements
- Cash -€65,141
down €65,141 (-63.3%), from €102,961 to €37,820
mainly Net result for the year (-€44,903) and Deferred charges and accrued income (-€29,879)
- Deferred charges and accrued income +€29,879
up €29,879 (+3,616%), from €826 to €30,705
- Tangible fixed assets -€20,132
down €20,132 (-21.7%), from €92,651 to €72,519
of which Furniture and vehicles: -€20,975
- Receivables within one year +€6,371
new in 2025: €6,371
of which Trade receivables: +€5,324
- Profit (loss) carried forward -€43,048
down €43,048 (-99.8%), from €43,155 to €106
- Tax, wage and social debts -€23,349
down €23,349 (-87.2%), from €26,778 to €3,428
- Other debts +€22,155
up €22,155 (+20.1%), from €109,997 to €132,152
- Gross operating margin -€203,748
down €203,748, from €179,401 to -€24,347
- Taxes -€44,770
down €44,770 (-99.4%), from €45,055 to €285
- Financial income +€4,304
up €4,304 (+240%), from €1,796 to €6,100
- Depreciation +€2,652
up €2,652 (+11.8%), from €22,523 to €25,176
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 | €396,438 | €347,415 | -€49,023 | -12.4% |
| Fixed assets | 21/28 | €92,651 | €72,519 | -€20,132 | -21.7% |
| Tangible fixed assets | 22/27 | €92,651 | €72,519 | -€20,132 | -21.7% |
| Plant, machinery and equipment | 23 | €6,453 | €8,338 | +€1,885 | +29.2% |
| Furniture and vehicles | 24 | €82,625 | €61,650 | -€20,975 | -25.4% |
| Other tangible fixed assets | 26 | €3,572 | €2,531 | -€1,041 | -29.2% |
| Current assets | 29/58 | €303,788 | €274,896 | -€28,892 | -9.5% |
| Amounts receivable within one year | 40/41 | - | €6,371 | +€6,371 | |
| Trade receivables | 40 | - | €5,324 | +€5,324 | |
| Other amounts receivable | 41 | - | €1,047 | +€1,047 | |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €102,961 | €37,820 | -€65,141 | -63.3% |
| Deferred charges and accrued income | 490/1 | €826 | €30,705 | +€29,879 | +3,616% |
| Total equity and liabilities | 10/49 | €396,438 | €347,415 | -€49,023 | -12.4% |
| Equity | 10/15 | €256,443 | €211,540 | -€44,903 | -17.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €194,738 | €192,883 | -€1,855 | -1.0% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €192,883 | €192,883 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,155 | €106 | -€43,048 | -99.8% |
| Amounts payable | 17/49 | €139,995 | €135,875 | -€4,120 | -2.9% |
| Amounts payable within one year | 42/48 | €139,995 | €135,875 | -€4,120 | -2.9% |
| Trade debts | 44 | €3,220 | €295 | -€2,926 | -90.9% |
| Suppliers | 440/4 | €3,220 | €295 | -€2,926 | -90.9% |
| Taxes, remuneration and social security | 45 | €26,778 | €3,428 | -€23,349 | -87.2% |
| Taxes | 450/3 | €26,778 | €3,428 | -€23,349 | -87.2% |
| Other amounts payable | 47/48 | €109,997 | €132,152 | +€22,155 | +20.1% |
| Non-recurring operating income | 76A | €17,955 | - | -€17,955 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,523 | €25,176 | +€2,652 | +11.8% |
| Other operating charges | 640/8 | €1,242 | €842 | -€400 | -32.2% |
| Gross operating margin | 9900 | €179,401 | -€24,347 | -€203,748 | |
| Operating profit (loss) | 9901 | €155,636 | -€50,365 | -€206,001 | |
| Financial income | 75/76B | €1,796 | €6,100 | +€4,304 | +240% |
| Recurring financial income | 75 | €1,796 | €6,100 | +€4,304 | +240% |
| Financial charges | 65/66B | €757 | €353 | -€404 | -53.3% |
| Recurring financial charges | 65 | €757 | €353 | -€404 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €156,676 | -€44,618 | -€201,294 | |
| Income taxes | 67/77 | €45,055 | €285 | -€44,770 | -99.4% |
| Profit (loss) for the period | 9904 | €111,620 | -€44,903 | -€156,523 | |
| Profit (loss) for the period to be appropriated | 9905 | €111,620 | -€44,903 | -€156,523 |
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 17 October 2026 via checked.be.