SOCADAN: 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.
SOCADAN
Largest movements
- Current investments +€30,281
up €30,281 (+3.9%), from €778,111 to €808,392
- Cash -€16,451
down €16,451 (-16.8%), from €97,941 to €81,490
mainly Current investments (-€30,281) and Receivables after one year (-€6,562)
- Tangible fixed assets -€11,090
down €11,090 (-6.2%), from €178,468 to €167,378
of which Land and buildings: -€5,920
- Profit (loss) carried forward +€79,854
up €79,854 (+226%), from €35,280 to €115,134
- Reserves -€71,825
down €71,825 (-7.1%), from €1.0m to €937,222
- Gross operating margin -€192,245
down €192,245 (-96.6%), from €199,079 to €6,834
- Taxes -€65,591
down €65,591 (-97.2%), from €67,459 to €1,868
- Financial income -€12,940
down €12,940 (-46.1%), from €28,093 to €15,153
- Financial charges +€2,863
up €2,863 (+700%), from €409 to €3,272
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 | €1,064,218 | €1,066,820 | +€2,602 | +0.2% |
| Fixed assets | 21/28 | €178,468 | €167,378 | -€11,090 | -6.2% |
| Tangible fixed assets | 22/27 | €178,468 | €167,378 | -€11,090 | -6.2% |
| Land and buildings | 22 | €163,965 | €158,045 | -€5,920 | -3.6% |
| Furniture and vehicles | 24 | €14,503 | €9,333 | -€5,170 | -35.6% |
| Current assets | 29/58 | €885,750 | €899,442 | +€13,692 | +1.5% |
| Amounts receivable after more than one year | 29 | - | €6,562 | +€6,562 | |
| Other amounts receivable | 291 | - | €6,562 | +€6,562 | |
| Current investments | 50/53 | €778,111 | €808,392 | +€30,281 | +3.9% |
| Cash at bank and in hand | 54/58 | €97,941 | €81,490 | -€16,451 | -16.8% |
| Deferred charges and accrued income | 490/1 | €9,698 | €2,998 | -€6,700 | -69.1% |
| Total equity and liabilities | 10/49 | €1,064,218 | €1,066,820 | +€2,602 | +0.2% |
| Equity | 10/15 | €1,050,527 | €1,058,556 | +€8,029 | +0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,009,047 | €937,222 | -€71,825 | -7.1% |
| Distributable reserves | 133 | €1,009,047 | €937,222 | -€71,825 | -7.1% |
| Profit (loss) carried forward | 14 | €35,280 | €115,134 | +€79,854 | +226% |
| Amounts payable | 17/49 | €13,691 | €8,264 | -€5,427 | -39.6% |
| Amounts payable within one year | 42/48 | €12,272 | €6,820 | -€5,452 | -44.4% |
| Trade debts | 44 | €1,509 | €1,200 | -€309 | -20.5% |
| Suppliers | 440/4 | €1,509 | €1,200 | -€309 | -20.5% |
| Taxes, remuneration and social security | 45 | €3,000 | €936 | -€2,064 | -68.8% |
| Taxes | 450/3 | €3,000 | €936 | -€2,064 | -68.8% |
| Other amounts payable | 47/48 | €7,763 | €4,684 | -€3,079 | -39.7% |
| Accrued charges and deferred income | 492/3 | €1,419 | €1,444 | +€25 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,090 | €11,089 | -€1 | 0.0% |
| Other operating charges | 640/8 | €5,286 | €4,888 | -€398 | -7.5% |
| Gross operating margin | 9900 | €199,079 | €6,834 | -€192,245 | -96.6% |
| Operating profit (loss) | 9901 | €182,703 | -€9,143 | -€191,846 | |
| Financial income | 75/76B | €28,093 | €15,153 | -€12,940 | -46.1% |
| Recurring financial income | 75 | €28,093 | €15,153 | -€12,940 | -46.1% |
| Financial charges | 65/66B | €409 | €3,272 | +€2,863 | +700% |
| Recurring financial charges | 65 | €409 | €3,272 | +€2,863 | +700% |
| Profit (loss) for the period before taxes | 9903 | €210,387 | €2,738 | -€207,649 | -98.7% |
| Income taxes | 67/77 | €67,459 | €1,868 | -€65,591 | -97.2% |
| Profit (loss) for the period | 9904 | €142,928 | €870 | -€142,058 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €142,928 | €870 | -€142,058 | -99.4% |
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 31 October 2026 via checked.be.