SOK Distribution: 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
SOK Distribution
NACE 46.442, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€681,960
2024 · €75,856+€606,104
Equity
€942,947
2024 · €260,987+€681,960
Cash
€4,147
2024 · -+€4,147
Balance sheet total
€2.2m
2024 · €1.2m+€1.0m
Largest movements
Assets
- Receivables within one year +€1.0m
up €1.0m (+897%), from €115,027 to €1.1m
of which Other amounts receivable: +€834,937
- Stocks and contracts -€25,275
no longer reported in 2025 (was €25,275)
Equity and liabilities
- Profit (loss) carried forward +€381,960
up €381,960 (+180%), from €212,074 to €594,034
- Reserves +€300,000
up €300,000 (+990%), from €30,313 to €330,313
of which Tax-exempt reserves: +€300,000
- Short-term financial debts +€193,910
up €193,910 (+3,184%), from €6,090 to €200,000
of which Other loans: +€200,000
- Provisions +€100,000
new in 2025: €100,000
- Trade debts -€90,807
down €90,807 (-97.9%), from €92,778 to €1,971
Income statement
- Gross operating margin +€848,520
up €848,520 (+401%), from €211,604 to €1.1m
- Taxes +€108,756
up €108,756 (+436%), from €24,929 to €133,685
- Staff costs +€26,227
up €26,227 (+159%), from €16,464 to €42,691
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
€75,856
Gross operating margin
+€848,520
Staff costs
-€26,227
Depreciation
-€2,320
Write-downs
+€4,967
Other operating charges
-€361
Financial income
-€1,685
Financial charges
-€8,034
Taxes
-€108,756
Deferred taxes and other
-€100,000
Result 2025
€681,960
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€74,713
Investment
-€58,393
Financing
+€137,253
Cash 2024
€0
From operations (derived)
-€74,713
Net result for the year
+€681,960
Depreciation
+€65,904
Stocks and contracts
+€25,275
Receivables within one year
-€1.0m
Provisions
+€100,000
Trade debts
-€90,807
Tax, wage and social debts
+€87,182
Other debts
+€88,041
Investment (derived)
-€58,393
Investment in fixed assets (net)
-€58,393
Financing
+€137,253
Debts after one year
-€43,304
Current portion of long-term debt
-€13,353
Short-term financial debts
+€193,910
Contributions, distributions and other
-€1
Cash 2025
€4,147
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,217,329 | €2,220,958 | +€1.0m | +82.4% |
| Fixed assets | 21/28 | €1,077,027 | €1,069,516 | -€7,511 | -0.7% |
| Intangible fixed assets | 21 | €10,208 | - | -€10,208 | |
| Tangible fixed assets | 22/27 | €1,066,819 | €1,069,516 | +€2,697 | +0.3% |
| Land and buildings | 22 | €759,836 | €734,064 | -€25,772 | -3.4% |
| Plant, machinery and equipment | 23 | €305,634 | €334,778 | +€29,144 | +9.5% |
| Furniture and vehicles | 24 | €1,349 | €674 | -€675 | -50.0% |
| Current assets | 29/58 | €140,302 | €1,151,442 | +€1.0m | +721% |
| Stocks and contracts in progress | 3 | €25,275 | - | -€25,275 | |
| Stocks | 30/36 | €25,275 | - | -€25,275 | |
| Amounts receivable within one year | 40/41 | €115,027 | €1,147,295 | +€1.0m | +897% |
| Trade receivables | 40 | €90,779 | €288,110 | +€197,331 | +217% |
| Other amounts receivable | 41 | €24,248 | €859,185 | +€834,937 | +3,443% |
| Cash at bank and in hand | 54/58 | - | €4,147 | +€4,147 | |
| Total equity and liabilities | 10/49 | €1,217,329 | €2,220,958 | +€1.0m | +82.4% |
| Equity | 10/15 | €260,987 | €942,947 | +€681,960 | +261% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,313 | €330,313 | +€300,000 | +990% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,453 | €328,453 | +€300,000 | +1,054% |
| Profit (loss) carried forward | 14 | €212,074 | €594,034 | +€381,960 | +180% |
| Provisions and deferred taxes | 16 | - | €100,000 | +€100,000 | |
| Deferred taxes | 168 | - | €100,000 | +€100,000 | |
| Amounts payable | 17/49 | €956,342 | €1,178,011 | +€221,669 | +23.2% |
| Amounts payable after more than one year | 17 | €689,113 | €645,809 | -€43,304 | -6.3% |
| Financial debts | 170/4 | €689,113 | €645,809 | -€43,304 | -6.3% |
| Amounts payable within one year | 42/48 | €267,229 | €532,202 | +€264,973 | +99.2% |
| Current portion of amounts payable after more than one year | 42 | €51,824 | €38,471 | -€13,353 | -25.8% |
| Financial debts | 43 | €6,090 | €200,000 | +€193,910 | +3,184% |
| Credit institutions | 430/8 | €6,090 | - | -€6,090 | |
| Other loans | 439 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €92,778 | €1,971 | -€90,807 | -97.9% |
| Suppliers | 440/4 | €92,778 | €1,971 | -€90,807 | -97.9% |
| Taxes, remuneration and social security | 45 | €71,432 | €158,614 | +€87,182 | +122% |
| Taxes | 450/3 | €71,432 | €158,614 | +€87,182 | +122% |
| Other amounts payable | 47/48 | €45,105 | €133,146 | +€88,041 | +195% |
| Remuneration, social security and pensions | 62 | €16,464 | €42,691 | +€26,227 | +159% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,584 | €65,904 | +€2,320 | +3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,967 | - | -€4,967 | |
| Other operating charges | 640/8 | €5,635 | €5,996 | +€361 | +6.4% |
| Gross operating margin | 9900 | €211,604 | €1,060,124 | +€848,520 | +401% |
| Operating profit (loss) | 9901 | €120,954 | €945,534 | +€824,580 | +682% |
| Financial income | 75/76B | €1,976 | €291 | -€1,685 | -85.3% |
| Recurring financial income | 75 | €1,976 | €291 | -€1,685 | -85.3% |
| Financial charges | 65/66B | €22,145 | €30,179 | +€8,034 | +36.3% |
| Recurring financial charges | 65 | €22,145 | €29,254 | +€7,109 | +32.1% |
| Non-recurring financial charges | 66B | - | €925 | +€925 | |
| Profit (loss) for the period before taxes | 9903 | €100,785 | €915,645 | +€814,860 | +809% |
| Transfer to deferred taxes | 680 | - | €100,000 | +€100,000 | |
| Income taxes | 67/77 | €24,929 | €133,685 | +€108,756 | +436% |
| Profit (loss) for the period | 9904 | €75,856 | €681,960 | +€606,104 | +799% |
| Transfer from tax-exempt reserves | 789 | €2,700 | - | -€2,700 | |
| Transfer to tax-exempt reserves | 689 | - | €300,000 | +€300,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,556 | €381,960 | +€303,404 | +386% |
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 19 October 2026 via checked.be.