SOSECO: 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.
SOSECO
Largest movements
- Tangible fixed assets +€87,023
up €87,023 (+211.9%), from €41,071 to €128,094
of which Land and buildings: +€82,243
- Receivables within one year +€54,820
up €54,820 (+102.9%), from €53,258 to €108,078
of which Trade receivables: +€50,369
- Cash +€3,719
up €3,719 (+440.5%), from €844 to €4,563
mainly Debts after one year (+€59,207) and Trade debts (+€48,974)
- Debts after one year +€59,207
up €59,207 (+1117.4%), from €5,299 to €64,506
- Trade debts +€48,974
up €48,974 (+210.6%), from €23,255 to €72,229
- Reserves +€30,000
up €30,000 (+60.0%), from €50,000 to €80,000
- Tax, wage and social debts +€9,398
up €9,398 (+92.7%), from €10,136 to €19,535
- Current portion of long-term debt +€6,686
up €6,686 (+133.9%), from €4,994 to €11,680
- Depreciation +€16,674
up €16,674 (+196.9%), from €8,466 to €25,140
- Staff costs +€12,713
new in 2025: €12,713
- Taxes -€5,728
down €5,728 (-37.8%), from €15,136 to €9,409
- Financial charges +€2,855
up €2,855 (+99.6%), from €2,865 to €5,720
- Gross operating margin -€2,724
down €2,724 (-3.2%), from €84,515 to €81,791
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,985 | €256,407 | +€145,423 | +131.0% |
| Fixed assets | 21/28 | €41,071 | €128,094 | +€87,023 | +211.9% |
| Tangible fixed assets | 22/27 | €41,071 | €128,094 | +€87,023 | +211.9% |
| Land and buildings | 22 | - | €82,243 | +€82,243 | |
| Plant, machinery and equipment | 23 | €19,691 | €16,380 | -€3,311 | -16.8% |
| Furniture and vehicles | 24 | €19,063 | €26,226 | +€7,163 | +37.6% |
| Other tangible fixed assets | 26 | €2,317 | €3,245 | +€928 | +40.1% |
| Current assets | 29/58 | €69,913 | €128,313 | +€58,400 | +83.5% |
| Stocks and contracts in progress | 3 | €15,812 | €15,125 | -€687 | -4.3% |
| Stocks | 30/36 | €15,812 | €15,125 | -€687 | -4.3% |
| Amounts receivable within one year | 40/41 | €53,258 | €108,078 | +€54,820 | +102.9% |
| Trade receivables | 40 | €51,606 | €101,975 | +€50,369 | +97.6% |
| Other amounts receivable | 41 | €1,651 | €6,103 | +€4,452 | +269.6% |
| Cash at bank and in hand | 54/58 | €844 | €4,563 | +€3,719 | +440.5% |
| Deferred charges and accrued income | 490/1 | - | €547 | +€547 | |
| Total equity and liabilities | 10/49 | €110,985 | €256,407 | +€145,423 | +131.0% |
| Equity | 10/15 | €59,551 | €87,411 | +€27,860 | +46.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €80,000 | +€30,000 | +60.0% |
| Distributable reserves | 133 | €50,000 | €80,000 | +€30,000 | +60.0% |
| Profit (loss) carried forward | 14 | €6,551 | €4,411 | -€2,140 | -32.7% |
| Amounts payable | 17/49 | €51,434 | €168,997 | +€117,563 | +228.6% |
| Amounts payable after more than one year | 17 | €5,299 | €64,506 | +€59,207 | +1117.4% |
| Financial debts | 170/4 | €5,299 | €64,506 | +€59,207 | +1117.4% |
| Amounts payable within one year | 42/48 | €45,269 | €104,194 | +€58,925 | +130.2% |
| Current portion of amounts payable after more than one year | 42 | €4,994 | €11,680 | +€6,686 | +133.9% |
| Trade debts | 44 | €23,255 | €72,229 | +€48,974 | +210.6% |
| Suppliers | 440/4 | €23,255 | €72,229 | +€48,974 | +210.6% |
| Taxes, remuneration and social security | 45 | €10,136 | €19,535 | +€9,398 | +92.7% |
| Taxes | 450/3 | €10,136 | €19,535 | +€9,398 | +92.7% |
| Other amounts payable | 47/48 | €6,883 | €750 | -€6,133 | -89.1% |
| Accrued charges and deferred income | 492/3 | €866 | €297 | -€569 | -65.7% |
| Remuneration, social security and pensions | 62 | - | €12,713 | +€12,713 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,466 | €25,140 | +€16,674 | +196.9% |
| Other operating charges | 640/8 | €1,497 | €949 | -€547 | -36.6% |
| Gross operating margin | 9900 | €84,515 | €81,791 | -€2,724 | -3.2% |
| Operating profit (loss) | 9901 | €74,552 | €42,988 | -€31,564 | -42.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -69.2% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -69.2% |
| Financial charges | 65/66B | €2,865 | €5,720 | +€2,855 | +99.6% |
| Recurring financial charges | 65 | €2,865 | €5,720 | +€2,855 | +99.6% |
| Profit (loss) for the period before taxes | 9903 | €71,687 | €37,269 | -€34,419 | -48.0% |
| Income taxes | 67/77 | €15,136 | €9,409 | -€5,728 | -37.8% |
| Profit (loss) for the period | 9904 | €56,551 | €27,860 | -€28,691 | -50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,551 | €27,860 | -€28,691 | -50.7% |
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 4 October 2026 via checked.be.