SOKOEL: 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
SOKOEL
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2023 · €1.1m-€21,103
Equity
€3.9m
2023 · €3.2m+€676,766
Cash
€135,661
2023 · €74,929+€60,733
Balance sheet total
€8.0m
2023 · €7.1m+€933,523
Largest movements
Assets
- Tangible fixed assets +€734,615
up €734,615 (+53.5%), from €1.4m to €2.1m
of which Leasing and similar rights: +€399,620
- Receivables within one year +€132,952
up €132,952 (+6.6%), from €2.0m to €2.1m
of which Trade receivables: +€184,067
Equity and liabilities
- Profit (loss) carried forward +€1.1m
up €1.1m (+73.4%), from €1.5m to €2.5m
- Reserves -€393,015
down €393,015 (-24.6%), from €1.6m to €1.2m
of which Distributable reserves: -€393,015
- Other debts +€149,020
up €149,020 (+135.2%), from €110,256 to €259,276
- Current portion of long-term debt +€124,687
up €124,687 (+21.0%), from €592,414 to €717,101
- Tax, wage and social debts +€89,754
up €89,754 (+44.1%), from €203,321 to €293,074
of which Taxes: +€117,403
Income statement
No income-statement line moved by more than 1% of the activity.
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
€1.1m
Turnover
+€3,129
Other operating income
+€14,334
Goods and materials
+€27,079
Services and other goods
-€39,236
Staff costs
-€29,531
Depreciation
+€2,717
Write-downs
-€32,859
Other operating charges
+€21,158
Other operating items
+€86,611
Financial income
-€47,173
Financial charges
-€16,502
Taxes
-€10,830
Result 2024
€1.1m
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.
From operations
+€1.4m
Investment
-€982,205
Financing
-€318,917
Cash 2023
€74,929
From operations (derived)
+€1.4m
Net result for the year
+€1.1m
Depreciation
+€249,064
Stocks and contracts
-€6,699
Receivables within one year
-€132,952
Trade debts
-€56,115
Tax, wage and social debts
+€89,754
Other debts
+€149,020
Investment (derived)
-€982,205
Investment in fixed assets (net)
-€982,205
Financing
-€318,917
Debts after one year
-€50,589
Current portion of long-term debt
+€124,687
Contributions, distributions and other
-€393,015
Cash 2024
€135,661
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,076,482 | €8,010,006 | +€933,523 | +13.2% |
| Fixed assets | 21/28 | €4,374,780 | €5,107,920 | +€733,140 | +16.8% |
| Intangible fixed assets | 21 | €1,474 | - | -€1,474 | |
| Tangible fixed assets | 22/27 | €1,373,306 | €2,107,920 | +€734,615 | +53.5% |
| Land and buildings | 22 | €225,000 | €225,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €424,957 | €379,683 | -€45,275 | -10.7% |
| Furniture and vehicles | 24 | €231,791 | €243,702 | +€11,910 | +5.1% |
| Leasing and similar rights | 25 | €100,719 | €500,339 | +€399,620 | +396.8% |
| Other tangible fixed assets | 26 | €390,838 | €759,197 | +€368,359 | +94.2% |
| Financial fixed assets | 28 | €3,000,000 | €3,000,000 | = | 0.0% |
| Affiliated companies | 280/1 | €3,000,000 | €3,000,000 | = | 0.0% |
| Participating interests | 280 | €3,000,000 | €3,000,000 | = | 0.0% |
| Current assets | 29/58 | €2,701,702 | €2,902,085 | +€200,383 | +7.4% |
| Stocks and contracts in progress | 3 | €613,853 | €620,551 | +€6,699 | +1.1% |
| Stocks | 30/36 | €613,853 | €620,551 | +€6,699 | +1.1% |
| Finished goods | 33 | €272,526 | €346,521 | +€73,996 | +27.2% |
| Goods purchased for resale | 34 | €341,327 | €274,030 | -€67,297 | -19.7% |
| Amounts receivable within one year | 40/41 | €2,012,921 | €2,145,873 | +€132,952 | +6.6% |
| Trade receivables | 40 | €1,955,038 | €2,139,106 | +€184,067 | +9.4% |
| Other amounts receivable | 41 | €57,883 | €6,767 | -€51,116 | -88.3% |
| Cash at bank and in hand | 54/58 | €74,929 | €135,661 | +€60,733 | +81.1% |
| Total equity and liabilities | 10/49 | €7,076,482 | €8,010,006 | +€933,523 | +13.2% |
| Equity | 10/15 | €3,244,432 | €3,921,198 | +€676,766 | +20.9% |
| Contributions | 10/11 | €185,947 | €185,947 | = | 0.0% |
| Capital | 10 | €185,947 | €185,947 | = | 0.0% |
| Issued capital | 100 | €185,947 | €185,947 | = | 0.0% |
| Reserves | 13 | €1,600,353 | €1,207,339 | -€393,015 | -24.6% |
| Non-distributable reserves | 130/1 | €46,051 | €46,051 | = | 0.0% |
| Legal reserve | 130 | €46,051 | €46,051 | = | 0.0% |
| Distributable reserves | 133 | €1,554,302 | €1,161,288 | -€393,015 | -25.3% |
| Profit (loss) carried forward | 14 | €1,458,132 | €2,527,913 | +€1.1m | +73.4% |
| Amounts payable | 17/49 | €3,832,050 | €4,088,807 | +€256,757 | +6.7% |
| Amounts payable after more than one year | 17 | €1,462,725 | €1,412,136 | -€50,589 | -3.5% |
| Financial debts | 170/4 | €1,462,725 | €1,412,136 | -€50,589 | -3.5% |
| Leasing and similar obligations | 172 | €52,761 | €314,357 | +€261,595 | +495.8% |
| Credit institutions | 173 | €1,409,963 | €1,097,779 | -€312,184 | -22.1% |
| Amounts payable within one year | 42/48 | €2,369,326 | €2,676,671 | +€307,345 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €592,414 | €717,101 | +€124,687 | +21.0% |
| Financial debts | 43 | €345,000 | €345,000 | = | 0.0% |
| Credit institutions | 430/8 | €345,000 | €345,000 | = | 0.0% |
| Trade debts | 44 | €1,118,335 | €1,062,221 | -€56,115 | -5.0% |
| Suppliers | 440/4 | €1,118,335 | €1,062,221 | -€56,115 | -5.0% |
| Taxes, remuneration and social security | 45 | €203,321 | €293,074 | +€89,754 | +44.1% |
| Taxes | 450/3 | €144,670 | €262,073 | +€117,403 | +81.2% |
| Remuneration and social security | 454/9 | €58,651 | €31,001 | -€27,650 | -47.1% |
| Other amounts payable | 47/48 | €110,256 | €259,276 | +€149,020 | +135.2% |
| Operating income | 70/76A | €24,748,624 | €24,857,368 | +€108,744 | +0.4% |
| Turnover | 70 | €24,610,255 | €24,613,384 | +€3,129 | 0.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €31,076 | €73,996 | +€42,919 | +138.1% |
| Other operating income | 74 | €83,049 | €97,383 | +€14,334 | +17.3% |
| Non-recurring operating income | 76A | €24,244 | €72,605 | +€48,361 | +199.5% |
| Operating charges | 60/66A | €23,661,611 | €23,716,953 | +€55,342 | +0.2% |
| Goods for resale, raw materials and consumables | 60 | €21,776,903 | €21,749,824 | -€27,079 | -0.1% |
| Purchases | 600/8 | €21,854,017 | €21,682,527 | -€171,490 | -0.8% |
| Change in stocks: decrease (increase) | 609 | -€77,114 | €67,297 | +€144,411 | |
| Services and other goods | 61 | €1,270,183 | €1,309,418 | +€39,236 | +3.1% |
| Remuneration, social security and pensions | 62 | €314,335 | €343,866 | +€29,531 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €251,781 | €249,064 | -€2,717 | -1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,570 | €27,289 | +€32,859 | |
| Other operating charges | 640/8 | €53,467 | €32,309 | -€21,158 | -39.6% |
| Non-recurring operating charges | 66A | €512 | €5,182 | +€4,670 | +912.1% |
| Operating profit (loss) | 9901 | €1,087,012 | €1,140,415 | +€53,402 | +4.9% |
| Financial income | 75/76B | €336,101 | €288,928 | -€47,173 | -14.0% |
| Recurring financial income | 75 | €336,101 | €288,928 | -€47,173 | -14.0% |
| Income from financial fixed assets | 750 | €325,344 | €278,734 | -€46,611 | -14.3% |
| Income from current assets | 751 | €2,121 | €78 | -€2,043 | -96.3% |
| Other financial income | 752/9 | €8,636 | €10,117 | +€1,481 | +17.1% |
| Financial charges | 65/66B | €55,183 | €71,685 | +€16,502 | +29.9% |
| Recurring financial charges | 65 | €55,183 | €71,685 | +€16,502 | +29.9% |
| Debt charges | 650 | €52,251 | €71,565 | +€19,314 | +37.0% |
| Other financial charges | 652/9 | €2,932 | €120 | -€2,811 | -95.9% |
| Profit (loss) for the period before taxes | 9903 | €1,367,931 | €1,357,658 | -€10,273 | -0.8% |
| Income taxes | 67/77 | €277,047 | €287,877 | +€10,830 | +3.9% |
| Taxes | 670/3 | €277,047 | €287,877 | +€10,830 | +3.9% |
| Profit (loss) for the period | 9904 | €1,090,884 | €1,069,781 | -€21,103 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,090,884 | €1,069,781 | -€21,103 | -1.9% |
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 8 October 2026 via checked.be.