SOKRATES: 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.
SOKRATES
Largest movements
- Current investments -€70,000
down €70,000 (-78.7%), from €89,000 to €19,000
- Receivables within one year +€57,808
up €57,808 (+51.8%), from €111,592 to €169,400
of which Trade receivables: +€64,760
- Cash -€25,531
down €25,531 (-48.3%), from €52,869 to €27,338
mainly Contributions, distributions and other (-€200,000) and Receivables within one year (-€57,808)
- Profit (loss) carried forward -€117,046
down €117,046 (-56.0%), from €209,141 to €92,095
- Other debts +€85,357
new in 2025: €85,357
- Tax, wage and social debts -€8,720
down €8,720 (-17.5%), from €49,712 to €40,993
- Gross operating margin -€4,553
down €4,553 (-4.1%), from €110,799 to €106,246
- Financial income +€1,960
up €1,960 (+333%), from €589 to €2,549
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €262,208 | €222,075 | -€40,134 | -15.3% |
| Fixed assets | 21/28 | €7,516 | €5,074 | -€2,442 | -32.5% |
| Tangible fixed assets | 22/27 | €7,516 | €5,074 | -€2,442 | -32.5% |
| Plant, machinery and equipment | 23 | €63 | €0 | -€63 | -100% |
| Furniture and vehicles | 24 | €431 | €0 | -€431 | -100% |
| Other tangible fixed assets | 26 | €7,021 | €5,074 | -€1,948 | -27.7% |
| Current assets | 29/58 | €254,693 | €217,001 | -€37,691 | -14.8% |
| Amounts receivable within one year | 40/41 | €111,592 | €169,400 | +€57,808 | +51.8% |
| Trade receivables | 40 | €104,640 | €169,400 | +€64,760 | +61.9% |
| Other amounts receivable | 41 | €6,952 | €0 | -€6,952 | -100% |
| Current investments | 50/53 | €89,000 | €19,000 | -€70,000 | -78.7% |
| Cash at bank and in hand | 54/58 | €52,869 | €27,338 | -€25,531 | -48.3% |
| Deferred charges and accrued income | 490/1 | €1,232 | €1,263 | +€31 | +2.5% |
| Total equity and liabilities | 10/49 | €262,208 | €222,075 | -€40,134 | -15.3% |
| Equity | 10/15 | €211,141 | €94,095 | -€117,046 | -55.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €209,141 | €92,095 | -€117,046 | -56.0% |
| Amounts payable | 17/49 | €51,068 | €127,979 | +€76,912 | +151% |
| Amounts payable within one year | 42/48 | €51,068 | €127,979 | +€76,912 | +151% |
| Trade debts | 44 | €1,355 | €1,630 | +€275 | +20.3% |
| Suppliers | 440/4 | €1,355 | €1,630 | +€275 | +20.3% |
| Taxes, remuneration and social security | 45 | €49,712 | €40,993 | -€8,720 | -17.5% |
| Taxes | 450/3 | €49,712 | €40,993 | -€8,720 | -17.5% |
| Other amounts payable | 47/48 | - | €85,357 | +€85,357 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,870 | €2,442 | -€428 | -14.9% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €110,799 | €106,246 | -€4,553 | -4.1% |
| Operating profit (loss) | 9901 | €107,929 | €103,404 | -€4,525 | -4.2% |
| Financial income | 75/76B | €589 | €2,549 | +€1,960 | +333% |
| Recurring financial income | 75 | €589 | €2,549 | +€1,960 | +333% |
| Financial charges | 65/66B | €1,319 | €1,098 | -€222 | -16.8% |
| Recurring financial charges | 65 | €1,319 | €1,098 | -€222 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €107,199 | €104,856 | -€2,343 | -2.2% |
| Income taxes | 67/77 | €22,387 | €21,902 | -€485 | -2.2% |
| Profit (loss) for the period | 9904 | €84,812 | €82,954 | -€1,858 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €84,812 | €82,954 | -€1,858 | -2.2% |
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 16 October 2026 via checked.be.