SOCRATES PROJECTS: 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.
What changed
SOCRATES PROJECTS
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3,774
2024 · €502,539-€506,313
Equity
€6.9m
2024 · €7.5m-€603,774
Cash
€4,243
2024 · €84,294-€80,052
Balance sheet total
€12.0m
2024 · €13.0m-€1.0m
Largest movements
Assets
- Current investments -€900,000
down €900,000 (-23.1%), from €3.9m to €3.0m
Equity and liabilities
- Reserves -€603,774
down €603,774 (-8.3%), from €7.3m to €6.7m
of which Distributable reserves: -€603,774
- Debts after one year -€305,280
down €305,280 (-8.6%), from €3.6m to €3.3m
Income statement
- Gross operating margin -€540,743
down €540,743 (-86.9%), from €622,078 to €81,334
- Financial income -€164,972
down €164,972 (-71.9%), from €229,567 to €64,595
of which Financial income: -€149,923
- Taxes -€163,808
down €163,808 (-99.8%), from €164,070 to €261
- Financial charges -€33,421
down €33,421 (-24.6%), from €135,904 to €102,483
of which Financial charges: -€33,421
- Other operating charges -€7,233
down €7,233 (-80.7%), from €8,958 to €1,725
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.
Result 2024
€502,539
Gross operating margin
-€540,743
Depreciation
-€5,060
Other operating charges
+€7,233
Financial income
-€164,972
Financial charges
+€33,421
Taxes
+€163,808
Result 2025
-€3,774
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.
From operations
-€78,226
Investment
+€899,751
Financing
-€901,577
Cash 2024
€84,294
From operations (derived)
-€78,226
Net result for the year
-€3,774
Depreciation
+€45,234
Receivables within one year
-€20,107
Deferred charges and accrued income
+€16,383
Trade debts
-€4,592
Tax, wage and social debts
-€99,024
Advances received
-€409
Accrued charges and deferred income
-€11,938
Investment (derived)
+€899,751
Investment in fixed assets (net)
-€249
Current investments
+€900,000
Financing
-€901,577
Debts after one year
-€305,280
Current portion of long-term debt
+€3,703
Contributions, distributions and other
-€600,000
Cash 2025
€4,243
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,034,506 | €12,013,193 | -€1.0m | -7.8% |
| Fixed assets | 21/28 | €8,990,703 | €8,945,718 | -€44,985 | -0.5% |
| Tangible fixed assets | 22/27 | €181,703 | €136,469 | -€45,234 | -24.9% |
| Land and buildings | 22 | €38,302 | €38,302 | = | 0.0% |
| Plant, machinery and equipment | 23 | €820 | €474 | -€347 | -42.3% |
| Furniture and vehicles | 24 | €124,824 | €88,023 | -€36,801 | -29.5% |
| Other tangible fixed assets | 26 | €17,756 | €9,670 | -€8,086 | -45.5% |
| Financial fixed assets | 28 | €8,809,000 | €8,809,249 | +€249 | 0.0% |
| Current assets | 29/58 | €4,043,803 | €3,067,475 | -€976,328 | -24.1% |
| Amounts receivable within one year | 40/41 | €28,616 | €48,723 | +€20,107 | +70.3% |
| Trade receivables | 40 | €9,531 | €10,523 | +€992 | +10.4% |
| Other amounts receivable | 41 | €19,084 | €38,200 | +€19,115 | +100.2% |
| Current investments | 50/53 | €3,900,000 | €3,000,000 | -€900,000 | -23.1% |
| Cash at bank and in hand | 54/58 | €84,294 | €4,243 | -€80,052 | -95.0% |
| Deferred charges and accrued income | 490/1 | €30,893 | €14,510 | -€16,383 | -53.0% |
| Total equity and liabilities | 10/49 | €13,034,506 | €12,013,193 | -€1.0m | -7.8% |
| Equity | 10/15 | €7,502,275 | €6,898,501 | -€603,774 | -8.0% |
| Contributions | 10/11 | €246,500 | €246,500 | = | 0.0% |
| Capital | 10 | €246,500 | €246,500 | = | 0.0% |
| Issued capital | 100 | €246,500 | €246,500 | = | 0.0% |
| Reserves | 13 | €7,255,775 | €6,652,001 | -€603,774 | -8.3% |
| Non-distributable reserves | 130/1 | €124,525 | €124,525 | = | 0.0% |
| Legal reserve | 130 | €124,525 | €124,525 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €7,131,250 | €6,527,476 | -€603,774 | -8.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €5,532,231 | €5,114,692 | -€417,539 | -7.5% |
| Amounts payable after more than one year | 17 | €3,564,373 | €3,259,094 | -€305,280 | -8.6% |
| Financial debts | 170/4 | €3,564,373 | €3,259,094 | -€305,280 | -8.6% |
| Amounts payable within one year | 42/48 | €1,908,939 | €1,808,618 | -€100,321 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €301,577 | €305,280 | +€3,703 | +1.2% |
| Financial debts | 43 | €1,500,000 | €1,500,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,500,000 | €1,500,000 | = | 0.0% |
| Trade debts | 44 | €5,721 | €1,130 | -€4,592 | -80.3% |
| Suppliers | 440/4 | €5,721 | €1,130 | -€4,592 | -80.3% |
| Advances received on contracts in progress | 46 | €409 | €0 | -€409 | -100.0% |
| Taxes, remuneration and social security | 45 | €101,233 | €2,209 | -€99,024 | -97.8% |
| Taxes | 450/3 | €101,233 | €2,209 | -€99,024 | -97.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €58,918 | €46,980 | -€11,938 | -20.3% |
| Non-recurring operating income | 76A | €4,132 | €0 | -€4,132 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,174 | €45,234 | +€5,060 | +12.6% |
| Other operating charges | 640/8 | €8,958 | €1,725 | -€7,233 | -80.7% |
| Gross operating margin | 9900 | €622,078 | €81,334 | -€540,743 | -86.9% |
| Operating profit (loss) | 9901 | €572,946 | €34,376 | -€538,570 | -94.0% |
| Financial income | 75/76B | €229,567 | €64,595 | -€164,972 | -71.9% |
| Recurring financial income | 75 | €214,517 | €64,595 | -€149,923 | -69.9% |
| Non-recurring financial income | 76B | €15,049 | €0 | -€15,049 | -100.0% |
| Financial charges | 65/66B | €135,904 | €102,483 | -€33,421 | -24.6% |
| Recurring financial charges | 65 | €135,904 | €102,483 | -€33,421 | -24.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €666,609 | -€3,513 | -€670,121 | |
| Income taxes | 67/77 | €164,070 | €261 | -€163,808 | -99.8% |
| Profit (loss) for the period | 9904 | €502,539 | -€3,774 | -€506,313 | |
| Transfer from tax-exempt reserves | 789 | €75,000 | €0 | -€75,000 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €577,539 | -€3,774 | -€581,313 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.