So-Electric: 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.
So-Electric
Largest movements
- Tangible fixed assets +€42,164
up €42,164 (+319.1%), from €13,215 to €55,378
of which Furniture and vehicles: +€37,700
- Stocks and contracts +€15,838
up €15,838 (+26.7%), from €59,367 to €75,205
- Receivables within one year -€8,080
down €8,080 (-25.6%), from €31,533 to €23,453
of which Trade receivables: -€9,279
- Debts after one year +€30,444
new in 2025: €30,444
- Other debts +€24,313
up €24,313 (+498.9%), from €4,873 to €29,186
- Trade debts -€9,312
down €9,312 (-58.7%), from €15,861 to €6,549
- Short-term financial debts +€4,710
up €4,710 (+68.4%), from €6,891 to €11,601
- Profit (loss) carried forward -€4,371
down €4,371, from €3,413 to -€958
- Turnover -€9,363
down €9,363 (-4.9%), from €191,737 to €182,374
- Purchases and services +€5,678
up €5,678 (+3.2%), from €177,878 to €183,555
- Depreciation -€3,014
down €3,014 (-23.0%), from €13,111 to €10,097
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,358 | €157,922 | +€50,564 | +47.1% |
| Fixed assets | 21/28 | €13,215 | €55,378 | +€42,164 | +319.1% |
| Tangible fixed assets | 22/27 | €13,215 | €55,378 | +€42,164 | +319.1% |
| Plant, machinery and equipment | 23 | €3,932 | €3,789 | -€143 | -3.6% |
| Furniture and vehicles | 24 | €1,783 | €39,483 | +€37,700 | +2114.1% |
| Other tangible fixed assets | 26 | €7,500 | €12,106 | +€4,607 | +61.4% |
| Current assets | 29/58 | €94,143 | €102,543 | +€8,400 | +8.9% |
| Stocks and contracts in progress | 3 | €59,367 | €75,205 | +€15,838 | +26.7% |
| Stocks | 30/36 | €59,367 | €75,205 | +€15,838 | +26.7% |
| Amounts receivable within one year | 40/41 | €31,533 | €23,453 | -€8,080 | -25.6% |
| Trade receivables | 40 | €30,027 | €20,748 | -€9,279 | -30.9% |
| Other amounts receivable | 41 | €1,506 | €2,705 | +€1,199 | +79.6% |
| Deferred charges and accrued income | 490/1 | €3,243 | €3,885 | +€642 | +19.8% |
| Total equity and liabilities | 10/49 | €107,358 | €157,922 | +€50,564 | +47.1% |
| Equity | 10/15 | €25,413 | €21,042 | -€4,371 | -17.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,413 | -€958 | -€4,371 | |
| Provisions and deferred taxes | 16 | €48,315 | €47,872 | -€442 | -0.9% |
| Provisions for liabilities and charges | 160/5 | €48,315 | €47,872 | -€442 | -0.9% |
| Pensions and similar obligations | 160 | €26,443 | €26,443 | = | 0.0% |
| Major repairs and maintenance | 162 | €21,872 | €21,430 | -€442 | -2.0% |
| Amounts payable | 17/49 | €33,630 | €89,008 | +€55,377 | +164.7% |
| Amounts payable after more than one year | 17 | - | €30,444 | +€30,444 | |
| Financial debts | 170/4 | - | €30,444 | +€30,444 | |
| Amounts payable within one year | 42/48 | €33,630 | €58,564 | +€24,933 | +74.1% |
| Current portion of amounts payable after more than one year | 42 | €5,005 | €8,227 | +€3,223 | +64.4% |
| Financial debts | 43 | €6,891 | €11,601 | +€4,710 | +68.4% |
| Credit institutions | 430/8 | €6,891 | €11,601 | +€4,710 | +68.4% |
| Trade debts | 44 | €15,861 | €6,549 | -€9,312 | -58.7% |
| Suppliers | 440/4 | €15,861 | €6,549 | -€9,312 | -58.7% |
| Taxes, remuneration and social security | 45 | €1,000 | €3,000 | +€2,000 | +200.0% |
| Taxes | 450/3 | €0 | €0 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,000 | €3,000 | +€2,000 | +200.0% |
| Other amounts payable | 47/48 | €4,873 | €29,186 | +€24,313 | +498.9% |
| Turnover | 70 | €191,737 | €182,374 | -€9,363 | -4.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €177,878 | €183,555 | +€5,678 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,111 | €10,097 | -€3,014 | -23.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€337 | -€442 | -€106 | -31.4% |
| Other operating charges | 640/8 | €753 | €972 | +€219 | +29.1% |
| Gross operating margin | 9900 | €10,139 | €8,701 | -€1,439 | -14.2% |
| Operating profit (loss) | 9901 | -€3,389 | -€1,926 | +€1,463 | +43.2% |
| Financial income | 75/76B | €4 | €1 | -€3 | -68.7% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -68.7% |
| Financial charges | 65/66B | €1,482 | €2,446 | +€964 | +65.1% |
| Recurring financial charges | 65 | €1,482 | €2,446 | +€964 | +65.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,867 | -€4,371 | +€496 | +10.2% |
| Profit (loss) for the period | 9904 | -€4,867 | -€4,371 | +€496 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,867 | -€4,371 | +€496 | +10.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.