SOCREDAS: 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.
SOCREDAS
Largest movements
- Cash +€2,438
up €2,438 (+17.6%), from €13,859 to €16,297
mainly Tax, wage and social debts (+€1,906) and Receivables within one year (+€1,825)
- Receivables within one year -€1,825
down €1,825 (-22.1%), from €8,271 to €6,446
of which Other amounts receivable: -€1,973
- Tangible fixed assets +€1,657
up €1,657, from €0 to €1,657
of which Furniture and vehicles: +€1,657
- Deferred charges and accrued income +€516
up €516 (+94.8%), from €544 to €1,060
- Tax, wage and social debts +€1,906
up €1,906 (+109.3%), from €1,744 to €3,650
of which Remuneration and social security: +€1,906
- Trade debts +€1,815
up €1,815 (+49.1%), from €3,694 to €5,509
- Profit (loss) carried forward -€936
down €936 (-30.5%), from -€3,073 to -€4,009
- Gross operating margin -€12,388
down €12,388 (-50.6%), from €24,469 to €12,082
- Turnover -€11,244
down €11,244 (-11.3%), from €99,795 to €88,551
- Taxes +€4,002
up €4,002 (+74106.3%), from €5 to €4,007
- Purchases and services +€1,144
up €1,144 (+1.5%), from €75,326 to €76,470
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,815 | €25,601 | +€2,786 | +12.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €141 | €1,798 | +€1,657 | +1172.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €1,657 | +€1,657 | |
| Land and buildings | 22 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €1,657 | +€1,657 | |
| Financial fixed assets | 28 | €141 | €141 | = | 0.0% |
| Current assets | 29/58 | €22,674 | €23,803 | +€1,129 | +5.0% |
| Amounts receivable within one year | 40/41 | €8,271 | €6,446 | -€1,825 | -22.1% |
| Trade receivables | 40 | - | €148 | +€148 | |
| Other amounts receivable | 41 | €8,271 | €6,299 | -€1,973 | -23.8% |
| Cash at bank and in hand | 54/58 | €13,859 | €16,297 | +€2,438 | +17.6% |
| Deferred charges and accrued income | 490/1 | €544 | €1,060 | +€516 | +94.8% |
| Total equity and liabilities | 10/49 | €22,815 | €25,601 | +€2,786 | +12.2% |
| Equity | 10/15 | €17,378 | €16,442 | -€936 | -5.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,073 | -€4,009 | -€936 | -30.5% |
| Amounts payable | 17/49 | €5,437 | €9,159 | +€3,721 | +68.4% |
| Amounts payable within one year | 42/48 | €5,437 | €9,159 | +€3,721 | +68.4% |
| Trade debts | 44 | €3,694 | €5,509 | +€1,815 | +49.1% |
| Suppliers | 440/4 | €3,694 | €5,509 | +€1,815 | +49.1% |
| Taxes, remuneration and social security | 45 | €1,744 | €3,650 | +€1,906 | +109.3% |
| Taxes | 450/3 | €1,150 | €1,150 | = | 0.0% |
| Remuneration and social security | 454/9 | €594 | €2,500 | +€1,906 | +321.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Turnover | 70 | €99,795 | €88,551 | -€11,244 | -11.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €75,326 | €76,470 | +€1,144 | +1.5% |
| Remuneration, social security and pensions | 62 | €4,947 | €5,249 | +€302 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €635 | €254 | -€381 | -60.0% |
| Other operating charges | 640/8 | €2,723 | €3,209 | +€486 | +17.8% |
| Gross operating margin | 9900 | €24,469 | €12,082 | -€12,388 | -50.6% |
| Operating profit (loss) | 9901 | €16,165 | €3,370 | -€12,794 | -79.2% |
| Financial income | 75/76B | €18 | €40 | +€22 | +123.7% |
| Recurring financial income | 75 | €18 | €40 | +€22 | +123.7% |
| Financial charges | 65/66B | €334 | €339 | +€5 | +1.5% |
| Recurring financial charges | 65 | €334 | €339 | +€5 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €15,848 | €3,071 | -€12,777 | -80.6% |
| Income taxes | 67/77 | €5 | €4,007 | +€4,002 | +74106.3% |
| Profit (loss) for the period | 9904 | €15,843 | -€936 | -€16,779 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,843 | -€936 | -€16,779 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.