SOKAD: 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
SOKAD
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€152,467
2024 · €499,979-€347,512
Equity
€3.4m
2024 · €3.2m+€152,467
Cash
€174,440
2024 · €136,488+€37,952
Balance sheet total
€4.1m
2024 · €4.0m+€105,771
Largest movements
Assets
- Tangible fixed assets +€166,762
up €166,762 (+7.3%), from €2.3m to €2.4m
of which Plant, machinery and equipment: +€234,599
- Deferred charges and accrued income -€93,935
down €93,935 (-86.6%), from €108,464 to €14,529
Equity and liabilities
- Profit (loss) carried forward +€144,844
up €144,844 (+18.6%), from €778,935 to €923,779
- Debts after one year -€60,349
down €60,349 (-15.0%), from €401,866 to €341,517
Income statement
- Gross operating margin -€455,780
down €455,780 (-58.6%), from €777,324 to €321,544
- Taxes +€49,804
up €49,804 (+2145.0%), from €2,322 to €52,126
- Depreciation +€9,436
up €9,436 (+12.3%), from €76,944 to €86,380
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
€499,979
Gross operating margin
-€455,780
Depreciation
-€9,436
Other operating charges
+€1,012
Financial charges
+€1,902
Taxes
-€49,804
Deferred taxes and other
+€164,594
Result 2025
€152,467
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
+€353,209
Investment
-€253,142
Financing
-€62,115
Cash 2024
€136,488
From operations (derived)
+€353,209
Net result for the year
+€152,467
Depreciation
+€86,380
Receivables after one year
+€12,516
Receivables within one year
-€7,508
Deferred charges and accrued income
+€93,935
Trade debts
+€16,737
Tax, wage and social debts
-€2,322
Accrued charges and deferred income
+€1,003
Investment (derived)
-€253,142
Investment in fixed assets (net)
-€253,142
Financing
-€62,115
Debts after one year
-€60,349
Current portion of long-term debt
-€1,767
Cash 2025
€174,440
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,964,807 | €4,070,578 | +€105,771 | +2.7% |
| Fixed assets | 21/28 | €2,295,412 | €2,462,174 | +€166,762 | +7.3% |
| Tangible fixed assets | 22/27 | €2,280,412 | €2,447,174 | +€166,762 | +7.3% |
| Land and buildings | 22 | €2,180,714 | €2,112,877 | -€67,837 | -3.1% |
| Plant, machinery and equipment | 23 | €99,698 | €334,297 | +€234,599 | +235.3% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €1,669,395 | €1,608,404 | -€60,991 | -3.7% |
| Amounts receivable after more than one year | 29 | €1,422,895 | €1,410,379 | -€12,516 | -0.9% |
| Trade receivables | 290 | €1,422,895 | €1,410,379 | -€12,516 | -0.9% |
| Amounts receivable within one year | 40/41 | €1,548 | €9,056 | +€7,508 | +485.1% |
| Other amounts receivable | 41 | €1,548 | €9,056 | +€7,508 | +485.1% |
| Cash at bank and in hand | 54/58 | €136,488 | €174,440 | +€37,952 | +27.8% |
| Deferred charges and accrued income | 490/1 | €108,464 | €14,529 | -€93,935 | -86.6% |
| Total equity and liabilities | 10/49 | €3,964,807 | €4,070,578 | +€105,771 | +2.7% |
| Equity | 10/15 | €3,209,070 | €3,361,538 | +€152,467 | +4.8% |
| Contributions | 10/11 | €1,666,736 | €1,666,736 | = | 0.0% |
| Capital | 10 | €1,666,736 | €1,666,736 | = | 0.0% |
| Issued capital | 100 | €1,666,736 | €1,666,736 | = | 0.0% |
| Reserves | 13 | €763,399 | €771,022 | +€7,623 | +1.0% |
| Non-distributable reserves | 130/1 | €79,806 | €87,429 | +€7,623 | +9.6% |
| Legal reserve | 130 | €79,806 | €87,429 | +€7,623 | +9.6% |
| Tax-exempt reserves | 132 | €683,594 | €683,594 | = | 0.0% |
| Profit (loss) carried forward | 14 | €778,935 | €923,779 | +€144,844 | +18.6% |
| Provisions and deferred taxes | 16 | €268,780 | €268,780 | = | 0.0% |
| Deferred taxes | 168 | €268,780 | €268,780 | = | 0.0% |
| Amounts payable | 17/49 | €486,956 | €440,260 | -€46,696 | -9.6% |
| Amounts payable after more than one year | 17 | €401,866 | €341,517 | -€60,349 | -15.0% |
| Financial debts | 170/4 | €401,866 | €341,517 | -€60,349 | -15.0% |
| Amounts payable within one year | 42/48 | €83,311 | €95,960 | +€12,649 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €62,115 | €60,349 | -€1,767 | -2.8% |
| Trade debts | 44 | €17,274 | €34,011 | +€16,737 | +96.9% |
| Suppliers | 440/4 | €17,274 | €34,011 | +€16,737 | +96.9% |
| Taxes, remuneration and social security | 45 | €2,322 | - | -€2,322 | |
| Taxes | 450/3 | €2,322 | - | -€2,322 | |
| Other amounts payable | 47/48 | €1,600 | €1,600 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,779 | €2,783 | +€1,003 | +56.4% |
| Non-recurring operating income | 76A | €658,374 | €176,666 | -€481,708 | -73.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,944 | €86,380 | +€9,436 | +12.3% |
| Other operating charges | 640/8 | €25,152 | €24,140 | -€1,012 | -4.0% |
| Gross operating margin | 9900 | €777,324 | €321,544 | -€455,780 | -58.6% |
| Operating profit (loss) | 9901 | €675,227 | €211,024 | -€464,204 | -68.7% |
| Financial charges | 65/66B | €8,333 | €6,431 | -€1,902 | -22.8% |
| Recurring financial charges | 65 | €8,333 | €6,431 | -€1,902 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €666,895 | €204,593 | -€462,301 | -69.3% |
| Transfer to deferred taxes | 680 | €164,594 | - | -€164,594 | |
| Income taxes | 67/77 | €2,322 | €52,126 | +€49,804 | +2145.0% |
| Profit (loss) for the period | 9904 | €499,979 | €152,467 | -€347,512 | -69.5% |
| Transfer to tax-exempt reserves | 689 | €493,781 | - | -€493,781 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,199 | €152,467 | +€146,269 | +2359.7% |
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 5 October 2026 via checked.be.