SOCALIM: 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.
What changed
SOCALIM
NACE 42.220, Construction of utility projects for electricity and telecommunications
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€963,392
2024 · €408,846+€554,546
Equity
€2.2m
2024 · €2.1m+€163,392
Cash
€245,399
2024 · €675,060-€429,661
Balance sheet total
€9.2m
2024 · €5.8m+€3.4m
Largest movements
Assets
- Receivables within one year +€2.8m
up €2.8m (+109%), from €2.5m to €5.3m
of which Trade receivables: +€2.1m
- Tangible fixed assets +€979,126
up €979,126 (+67.2%), from €1.5m to €2.4m
of which Leasing and similar rights: +€958,043
- Cash -€429,661
down €429,661 (-63.6%), from €675,060 to €245,399
mainly Receivables within one year (-€2.8m) and Investment in fixed assets (net) (-€1.6m)
- Stocks and contracts +€102,298
up €102,298 (+26.8%), from €381,982 to €484,280
of which Contracts in progress: +€67,600
Equity and liabilities
- Trade debts +€1.1m
up €1.1m (+80.6%), from €1.3m to €2.4m
- Debts after one year +€838,033
up €838,033 (+141%), from €592,456 to €1.4m
- Other debts +€800,000
new in 2025: €800,000
- Tax, wage and social debts +€362,060
up €362,060 (+51.7%), from €700,614 to €1.1m
of which Remuneration and social security: +€216,636
- Current portion of long-term debt +€259,935
up €259,935 (+79.4%), from €327,472 to €587,407
Income statement
- Gross operating margin +€2.6m
up €2.6m (+44.8%), from €5.8m to €8.4m
- Staff costs +€1.7m
up €1.7m (+35.8%), from €4.7m to €6.3m
- Taxes +€193,805
up €193,805 (+114%), from €170,115 to €363,920
- Depreciation +€176,410
up €176,410 (+41.0%), from €429,862 to €606,271
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.
Result 2024
€408,846
Gross operating margin
+€2.6m
Staff costs
-€1.7m
Depreciation
-€176,410
Other operating charges
-€8,300
Other operating items
+€6,464
Financial income
+€6,792
Financial charges
-€8,299
Taxes
-€193,805
Result 2025
€963,392
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€912,997
Investment
-€1.6m
Financing
+€245,968
Cash 2024
€675,060
From operations (derived)
+€912,997
Net result for the year
+€963,392
Depreciation
+€606,271
Stocks and contracts
-€102,298
Receivables within one year
-€2.8m
Deferred charges and accrued income
-€27,860
Trade debts
+€1.1m
Tax, wage and social debts
+€362,060
Other debts
+€800,000
Accrued charges and deferred income
-€16
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
+€245,968
Debts after one year
+€838,033
Current portion of long-term debt
+€259,935
Short-term financial debts
-€52,000
Contributions, distributions and other
-€800,000
Cash 2025
€245,399
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,808,732 | €9,247,505 | +€3.4m | +59.2% |
| Fixed assets | 21/28 | €1,509,162 | €2,491,517 | +€982,355 | +65.1% |
| Intangible fixed assets | 21 | €4,564 | €2,564 | -€2,000 | -43.8% |
| Tangible fixed assets | 22/27 | €1,457,410 | €2,436,536 | +€979,126 | +67.2% |
| Land and buildings | 22 | €64,435 | €52,720 | -€11,716 | -18.2% |
| Plant, machinery and equipment | 23 | €103,293 | €184,080 | +€80,788 | +78.2% |
| Furniture and vehicles | 24 | €154,120 | €117,350 | -€36,770 | -23.9% |
| Leasing and similar rights | 25 | €910,109 | €1,868,151 | +€958,043 | +105% |
| Other tangible fixed assets | 26 | €225,453 | €214,234 | -€11,219 | -5.0% |
| Financial fixed assets | 28 | €47,187 | €52,417 | +€5,229 | +11.1% |
| Current assets | 29/58 | €4,299,571 | €6,755,988 | +€2.5m | +57.1% |
| Amounts receivable after more than one year | 29 | €500,000 | €500,000 | = | 0.0% |
| Other amounts receivable | 291 | €500,000 | €500,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €381,982 | €484,280 | +€102,298 | +26.8% |
| Stocks | 30/36 | €66,121 | €100,819 | +€34,698 | +52.5% |
| Contracts in progress | 37 | €315,861 | €383,461 | +€67,600 | +21.4% |
| Amounts receivable within one year | 40/41 | €2,517,384 | €5,273,305 | +€2.8m | +109% |
| Trade receivables | 40 | €2,037,494 | €4,115,366 | +€2.1m | +102% |
| Other amounts receivable | 41 | €479,890 | €1,157,940 | +€678,050 | +141% |
| Current investments | 50/53 | €119,573 | €119,573 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €675,060 | €245,399 | -€429,661 | -63.6% |
| Deferred charges and accrued income | 490/1 | €105,570 | €133,430 | +€27,860 | +26.4% |
| Total equity and liabilities | 10/49 | €5,808,732 | €9,247,505 | +€3.4m | +59.2% |
| Equity | 10/15 | €2,076,375 | €2,239,767 | +€163,392 | +7.9% |
| Contributions | 10/11 | €112,000 | €112,000 | = | 0.0% |
| Capital | 10 | €112,000 | €112,000 | = | 0.0% |
| Issued capital | 100 | €112,000 | €112,000 | = | 0.0% |
| Reserves | 13 | €1,964,375 | €2,127,767 | +€163,392 | +8.3% |
| Non-distributable reserves | 130/1 | €130,773 | €130,773 | = | 0.0% |
| Legal reserve | 130 | €11,200 | €11,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €119,573 | +€119,573 | |
| Own shares acquired | 1312 | €119,573 | - | -€119,573 | |
| Distributable reserves | 133 | €1,833,602 | €1,996,994 | +€163,392 | +8.9% |
| Provisions and deferred taxes | 16 | €135,000 | €135,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €135,000 | €135,000 | = | 0.0% |
| Environmental obligations | 163 | - | €135,000 | +€135,000 | |
| Other liabilities and charges | 164/5 | €135,000 | - | -€135,000 | |
| Amounts payable | 17/49 | €3,597,357 | €6,872,738 | +€3.3m | +91.0% |
| Amounts payable after more than one year | 17 | €592,456 | €1,430,490 | +€838,033 | +141% |
| Financial debts | 170/4 | €592,456 | €1,430,490 | +€838,033 | +141% |
| Amounts payable within one year | 42/48 | €3,003,701 | €5,441,064 | +€2.4m | +81.1% |
| Current portion of amounts payable after more than one year | 42 | €327,472 | €587,407 | +€259,935 | +79.4% |
| Financial debts | 43 | €652,054 | €600,053 | -€52,000 | -8.0% |
| Credit institutions | 430/8 | €652,054 | €600,053 | -€52,000 | -8.0% |
| Trade debts | 44 | €1,323,561 | €2,390,930 | +€1.1m | +80.6% |
| Suppliers | 440/4 | €1,323,561 | €2,390,930 | +€1.1m | +80.6% |
| Taxes, remuneration and social security | 45 | €700,614 | €1,062,674 | +€362,060 | +51.7% |
| Taxes | 450/3 | €251,189 | €396,613 | +€145,424 | +57.9% |
| Remuneration and social security | 454/9 | €449,425 | €666,061 | +€216,636 | +48.2% |
| Other amounts payable | 47/48 | - | €800,000 | +€800,000 | |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,184 | -€16 | -1.4% |
| Non-recurring operating income | 76A | - | €2,624 | +€2,624 | |
| Remuneration, social security and pensions | 62 | €4,654,111 | €6,321,946 | +€1.7m | +35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €429,862 | €606,271 | +€176,410 | +41.0% |
| Other operating charges | 640/8 | €57,627 | €65,927 | +€8,300 | +14.4% |
| Non-recurring operating charges | 66A | €17,957 | €11,493 | -€6,464 | -36.0% |
| Gross operating margin | 9900 | €5,793,392 | €8,389,331 | +€2.6m | +44.8% |
| Operating profit (loss) | 9901 | €633,836 | €1,383,693 | +€749,857 | +118% |
| Financial income | 75/76B | €41,212 | €48,004 | +€6,792 | +16.5% |
| Recurring financial income | 75 | €41,212 | €48,004 | +€6,792 | +16.5% |
| Financial charges | 65/66B | €96,087 | €104,385 | +€8,299 | +8.6% |
| Recurring financial charges | 65 | €96,087 | €104,385 | +€8,299 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €578,961 | €1,327,312 | +€748,351 | +129% |
| Income taxes | 67/77 | €170,115 | €363,920 | +€193,805 | +114% |
| Profit (loss) for the period | 9904 | €408,846 | €963,392 | +€554,546 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €408,846 | €963,392 | +€554,546 | +136% |
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.