SOCRALVI: 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.
What changed
SOCRALVI
NACE 02.100, Forestry and logging
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€44,023
2023 · -€1,448-€42,575
Equity
€1.0m
2023 · €1.1m-€44,023
Cash
€85,729
2023 · €129,477-€43,748
Balance sheet total
€4.8m
2023 · €5.2m-€363,975
Largest movements
Assets
- Tangible fixed assets -€242,313
down €242,313 (-5.5%), from €4.4m to €4.1m
of which Land and buildings: -€257,985
- Receivables within one year -€87,969
down €87,969 (-78.8%), from €111,652 to €23,683
of which Trade receivables: -€74,240
Equity and liabilities
- Profit (loss) carried forward -€269,079
down €269,079 (-17.5%), from -€1.5m to -€1.8m
- Reserves +€225,056
up €225,056 (+27.1%), from €829,088 to €1.1m
of which Tax-exempt reserves: +€225,056
- Debts after one year -€187,397
down €187,397 (-7.1%), from €2.6m to €2.4m
of which Financial debts: -€173,266
- Short-term financial debts -€175,000
down €175,000 (-20.0%), from €875,000 to €700,000
- Provisions +€71,854
up €71,854 (+29.2%), from €246,346 to €318,200
Income statement
- Gross operating margin +€62,762
up €62,762 (+14.6%), from €429,287 to €492,049
- Taxes +€9,435
up €9,435 (+648%), from €1,456 to €10,891
- Staff costs +€9,160
up €9,160 (+40.9%), from €22,412 to €31,572
- Write-downs -€7,200
down €7,200, from €3,903 to -€3,297
- Other operating charges +€7,115
up €7,115 (+11.4%), from €62,533 to €69,648
From the 2023 result to the 2024 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.
Result 2023
-€1,448
Gross operating margin
+€62,762
Staff costs
-€9,160
Depreciation
+€852
Write-downs
+€7,200
Other operating charges
-€7,115
Financial income
+€1,118
Financial charges
-€4,087
Taxes
-€9,435
Deferred taxes and other
-€84,710
Result 2024
-€44,023
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€336,381
Investment
-€18,799
Financing
-€361,330
Cash 2023
€129,477
From operations (derived)
+€336,381
Net result for the year
-€44,023
Depreciation
+€275,162
Receivables after one year
-€19,446
Stocks and contracts
-€4,266
Receivables within one year
+€87,969
Smaller working-capital items
-€618
Provisions
+€71,854
Trade debts
-€41,226
Tax, wage and social debts
-€3,310
Advances received
+€14,285
Investment (derived)
-€18,799
Investment in fixed assets (net)
-€32,849
Current investments
+€14,050
Financing
-€361,330
Debts after one year
-€187,397
Current portion of long-term debt
+€1,067
Short-term financial debts
-€175,000
Cash 2024
€85,729
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,156,088 | €4,792,113 | -€363,975 | -7.1% |
| Fixed assets | 21/28 | €4,581,302 | €4,338,989 | -€242,313 | -5.3% |
| Tangible fixed assets | 22/27 | €4,391,272 | €4,148,959 | -€242,313 | -5.5% |
| Land and buildings | 22 | €4,163,396 | €3,905,411 | -€257,985 | -6.2% |
| Plant, machinery and equipment | 23 | €145,420 | €136,103 | -€9,317 | -6.4% |
| Furniture and vehicles | 24 | €82,456 | €107,445 | +€24,989 | +30.3% |
| Financial fixed assets | 28 | €190,030 | €190,030 | = | 0.0% |
| Current assets | 29/58 | €574,786 | €453,124 | -€121,662 | -21.2% |
| Amounts receivable after more than one year | 29 | €236,606 | €256,052 | +€19,446 | +8.2% |
| Other amounts receivable | 291 | €236,606 | €256,052 | +€19,446 | +8.2% |
| Stocks and contracts in progress | 3 | €2,526 | €6,792 | +€4,266 | +169% |
| Stocks | 30/36 | €2,526 | €6,792 | +€4,266 | +169% |
| Amounts receivable within one year | 40/41 | €111,652 | €23,683 | -€87,969 | -78.8% |
| Trade receivables | 40 | €84,630 | €10,390 | -€74,240 | -87.7% |
| Other amounts receivable | 41 | €27,022 | €13,293 | -€13,729 | -50.8% |
| Current investments | 50/53 | €78,078 | €64,028 | -€14,050 | -18.0% |
| Cash at bank and in hand | 54/58 | €129,477 | €85,729 | -€43,748 | -33.8% |
| Deferred charges and accrued income | 490/1 | €16,447 | €16,840 | +€393 | +2.4% |
| Total equity and liabilities | 10/49 | €5,156,088 | €4,792,113 | -€363,975 | -7.1% |
| Equity | 10/15 | €1,087,313 | €1,043,290 | -€44,023 | -4.0% |
| Contributions | 10/11 | €1,800,000 | €1,800,000 | = | 0.0% |
| Capital | 10 | €1,800,000 | €1,800,000 | = | 0.0% |
| Issued capital | 100 | €1,800,000 | €1,800,000 | = | 0.0% |
| Reserves | 13 | €829,088 | €1,054,144 | +€225,056 | +27.1% |
| Non-distributable reserves | 130/1 | €180,000 | €180,000 | = | 0.0% |
| Legal reserve | 130 | €180,000 | €180,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €649,088 | €874,144 | +€225,056 | +34.7% |
| Profit (loss) carried forward | 14 | -€1,541,775 | -€1,810,854 | -€269,079 | -17.5% |
| Provisions and deferred taxes | 16 | €246,346 | €318,200 | +€71,854 | +29.2% |
| Deferred taxes | 168 | €246,346 | €318,200 | +€71,854 | +29.2% |
| Amounts payable | 17/49 | €3,822,429 | €3,430,623 | -€391,806 | -10.3% |
| Amounts payable after more than one year | 17 | €2,629,511 | €2,442,114 | -€187,397 | -7.1% |
| Financial debts | 170/4 | €2,550,209 | €2,376,943 | -€173,266 | -6.8% |
| Other amounts payable | 178/9 | €79,302 | €65,171 | -€14,131 | -17.8% |
| Amounts payable within one year | 42/48 | €1,191,034 | €986,850 | -€204,184 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €263,310 | €264,377 | +€1,067 | +0.4% |
| Financial debts | 43 | €875,000 | €700,000 | -€175,000 | -20.0% |
| Credit institutions | 430/8 | €875,000 | €700,000 | -€175,000 | -20.0% |
| Trade debts | 44 | €44,013 | €2,787 | -€41,226 | -93.7% |
| Suppliers | 440/4 | €44,013 | €2,787 | -€41,226 | -93.7% |
| Advances received on contracts in progress | 46 | - | €14,285 | +€14,285 | |
| Taxes, remuneration and social security | 45 | €8,564 | €5,254 | -€3,310 | -38.7% |
| Taxes | 450/3 | €4,967 | €467 | -€4,500 | -90.6% |
| Remuneration and social security | 454/9 | €3,597 | €4,787 | +€1,190 | +33.1% |
| Other amounts payable | 47/48 | €147 | €147 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,884 | €1,659 | -€225 | -11.9% |
| Non-recurring operating income | 76A | - | €11,904 | +€11,904 | |
| Remuneration, social security and pensions | 62 | €22,412 | €31,572 | +€9,160 | +40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €276,014 | €275,162 | -€852 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,903 | -€3,297 | -€7,200 | |
| Other operating charges | 640/8 | €62,533 | €69,648 | +€7,115 | +11.4% |
| Gross operating margin | 9900 | €429,287 | €492,049 | +€62,762 | +14.6% |
| Operating profit (loss) | 9901 | €64,425 | €118,964 | +€54,539 | +84.7% |
| Financial income | 75/76B | €5,214 | €6,332 | +€1,118 | +21.4% |
| Recurring financial income | 75 | €5,214 | €6,332 | +€1,118 | +21.4% |
| Financial charges | 65/66B | €82,487 | €86,574 | +€4,087 | +5.0% |
| Recurring financial charges | 65 | €82,487 | €86,574 | +€4,087 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,848 | €38,722 | +€51,570 | |
| Transfer from deferred taxes | 780 | €12,856 | €15,913 | +€3,057 | +23.8% |
| Transfer to deferred taxes | 680 | - | €87,767 | +€87,767 | |
| Income taxes | 67/77 | €1,456 | €10,891 | +€9,435 | +648% |
| Profit (loss) for the period | 9904 | -€1,448 | -€44,023 | -€42,575 | -2,940% |
| Transfer from tax-exempt reserves | 789 | €31,422 | €38,243 | +€6,821 | +21.7% |
| Transfer to tax-exempt reserves | 689 | - | €263,299 | +€263,299 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,974 | -€269,079 | -€299,053 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.