SOCATRA: 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.
What changed
SOCATRA
NACE 43.990, Other specialised construction activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€57,920
2024 · -€801,446+€859,366
Equity
€4.5m
2024 · €2.1m+€2.4m
Cash
€2.3m
2024 · €1.3m+€1.0m
Balance sheet total
€25.3m
2024 · €27.6m-€2.4m
Largest movements
Assets
- Stocks and contracts -€1.9m
down €1.9m (-37.7%), from €5.0m to €3.1m
of which Contracts in progress: -€1.8m
- Receivables within one year -€1.3m
down €1.3m (-6.5%), from €20.1m to €18.8m
of which Other amounts receivable: -€1.9m
- Cash +€1.0m
up €1.0m (+79.4%), from €1.3m to €2.3m
mainly Contributions, distributions and other (+€2.3m) and Stocks and contracts (+€1.9m)
Equity and liabilities
- Short-term financial debts -€2.7m
down €2.7m (-62.9%), from €4.2m to €1.6m
of which Other loans: -€3.9m
- Contributions +€2.3m
up €2.3m (+127.8%), from €1.8m to €4.1m
- Debts after one year -€1.1m
down €1.1m (-78.1%), from €1.4m to €313,860
- Other debts -€590,204
down €590,204 (-11.2%), from €5.3m to €4.7m
Income statement
- Turnover +€6.5m
up €6.5m (+12.6%), from €51.7m to €58.2m
- Other operating income -€973,788
down €973,788 (-52.2%), from €1.9m to €891,024
- Goods and materials +€723,122
up €723,122 (+1.8%), from €41.1m to €41.8m
of which Purchases: +€719,236
- Services and other goods +€593,023
up €593,023 (+19.1%), from €3.1m to €3.7m
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
-€801,446
Turnover
+€6.5m
Other operating income
-€973,788
Goods and materials
-€723,122
Services and other goods
-€593,023
Staff costs
+€288,830
Depreciation
+€36,144
Write-downs
+€383,444
Other operating charges
-€343,638
Other operating items
-€3.9m
Financial income
+€43,662
Financial charges
+€113,679
Taxes
+€683
Result 2025
€57,920
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.
From operations
+€2.7m
Investment
-€218,316
Financing
-€1.5m
Cash 2024
€1.3m
From operations (derived)
+€2.7m
Net result for the year
+€57,920
Depreciation
+€376,688
Stocks and contracts
+€1.9m
Receivables within one year
+€1.3m
Deferred charges and accrued income
+€15,285
Trade debts
+€73,329
Tax, wage and social debts
-€162,085
Advances received
-€263,896
Other debts
-€590,204
Accrued charges and deferred income
-€520
Investment (derived)
-€218,316
Investment in fixed assets (net)
-€218,316
Financing
-€1.5m
Debts after one year
-€1.1m
Current portion of long-term debt
+€10,985
Short-term financial debts
-€2.7m
Contributions, distributions and other
+€2.3m
Cash 2025
€2.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,627,551 | €25,275,355 | -€2.4m | -8.5% |
| Fixed assets | 21/28 | €1,089,219 | €930,847 | -€158,372 | -14.5% |
| Intangible fixed assets | 21 | €10,500 | €1,500 | -€9,000 | -85.7% |
| Tangible fixed assets | 22/27 | €1,068,068 | €911,967 | -€156,101 | -14.6% |
| Plant, machinery and equipment | 23 | €615,197 | €497,982 | -€117,216 | -19.1% |
| Furniture and vehicles | 24 | €452,871 | €413,985 | -€38,886 | -8.6% |
| Financial fixed assets | 28 | €10,651 | €17,380 | +€6,730 | +63.2% |
| Other financial fixed assets | 284/8 | €10,651 | €17,380 | +€6,730 | +63.2% |
| Amounts receivable and cash guarantees | 285/8 | €10,651 | €17,380 | +€6,730 | +63.2% |
| Current assets | 29/58 | €26,538,332 | €24,344,507 | -€2.2m | -8.3% |
| Stocks and contracts in progress | 3 | €5,021,067 | €3,129,065 | -€1.9m | -37.7% |
| Stocks | 30/36 | €1,067,567 | €1,017,065 | -€50,502 | -4.7% |
| Raw materials and consumables | 30/31 | €1,067,567 | €1,017,065 | -€50,502 | -4.7% |
| Contracts in progress | 37 | €3,953,500 | €2,112,000 | -€1.8m | -46.6% |
| Amounts receivable within one year | 40/41 | €20,109,406 | €18,796,991 | -€1.3m | -6.5% |
| Trade receivables | 40 | €12,423,869 | €13,003,295 | +€579,426 | +4.7% |
| Other amounts receivable | 41 | €7,685,537 | €5,793,696 | -€1.9m | -24.6% |
| Current investments | 50/53 | €124 | €124 | = | 0.0% |
| Other investments | 51/53 | €124 | €124 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,292,728 | €2,318,605 | +€1.0m | +79.4% |
| Deferred charges and accrued income | 490/1 | €115,007 | €99,722 | -€15,285 | -13.3% |
| Total equity and liabilities | 10/49 | €27,627,551 | €25,275,355 | -€2.4m | -8.5% |
| Equity | 10/15 | €2,142,835 | €4,500,755 | +€2.4m | +110.0% |
| Contributions | 10/11 | €1,800,000 | €4,100,000 | +€2.3m | +127.8% |
| Capital | 10 | €1,800,000 | €4,100,000 | +€2.3m | +127.8% |
| Issued capital | 100 | €1,800,000 | €4,100,000 | +€2.3m | +127.8% |
| Reserves | 13 | €342,835 | €400,755 | +€57,920 | +16.9% |
| Non-distributable reserves | 130/1 | €140,000 | €142,896 | +€2,896 | +2.1% |
| Legal reserve | 130 | €140,000 | €142,896 | +€2,896 | +2.1% |
| Distributable reserves | 133 | €202,835 | €257,859 | +€55,024 | +27.1% |
| Amounts payable | 17/49 | €25,484,716 | €20,774,600 | -€4.7m | -18.5% |
| Amounts payable after more than one year | 17 | €1,431,457 | €313,860 | -€1.1m | -78.1% |
| Financial debts | 170/4 | €1,431,457 | €313,860 | -€1.1m | -78.1% |
| Subordinated loans | 170 | €1,000,000 | - | -€1.0m | |
| Credit institutions | 173 | €431,457 | €313,860 | -€117,597 | -27.3% |
| Amounts payable within one year | 42/48 | €23,992,223 | €20,400,225 | -€3.6m | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €152,679 | €163,664 | +€10,985 | +7.2% |
| Financial debts | 43 | €4,228,650 | €1,568,521 | -€2.7m | -62.9% |
| Credit institutions | 430/8 | €317,760 | €1,568,521 | +€1.3m | +393.6% |
| Other loans | 439 | €3,910,890 | - | -€3.9m | |
| Trade debts | 44 | €12,577,590 | €12,650,920 | +€73,329 | +0.6% |
| Suppliers | 440/4 | €12,577,590 | €12,650,920 | +€73,329 | +0.6% |
| Advances received on contracts in progress | 46 | €904,410 | €640,514 | -€263,896 | -29.2% |
| Taxes, remuneration and social security | 45 | €851,634 | €689,549 | -€162,085 | -19.0% |
| Taxes | 450/3 | €164,151 | €155,801 | -€8,351 | -5.1% |
| Remuneration and social security | 454/9 | €687,483 | €533,749 | -€153,734 | -22.4% |
| Other amounts payable | 47/48 | €5,277,260 | €4,687,057 | -€590,204 | -11.2% |
| Accrued charges and deferred income | 492/3 | €61,035 | €60,515 | -€520 | -0.9% |
| Operating income | 70/76A | €55,077,841 | €57,231,647 | +€2.2m | +3.9% |
| Turnover | 70 | €51,662,783 | €58,159,062 | +€6.5m | +12.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,533,135 | -€1,841,500 | -€3.4m | |
| Own construction capitalised | 72 | €17,074 | €23,061 | +€5,987 | +35.1% |
| Other operating income | 74 | €1,864,813 | €891,024 | -€973,788 | -52.2% |
| Non-recurring operating income | 76A | €37 | - | -€37 | |
| Operating charges | 60/66A | €55,399,996 | €56,852,460 | +€1.5m | +2.6% |
| Goods for resale, raw materials and consumables | 60 | €41,123,480 | €41,846,603 | +€723,122 | +1.8% |
| Purchases | 600/8 | €41,076,865 | €41,796,101 | +€719,236 | +1.8% |
| Change in stocks: decrease (increase) | 609 | €46,615 | €50,502 | +€3,887 | +8.3% |
| Services and other goods | 61 | €3,109,397 | €3,702,420 | +€593,023 | +19.1% |
| Remuneration, social security and pensions | 62 | €10,499,467 | €10,210,636 | -€288,830 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €412,832 | €376,688 | -€36,144 | -8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,953 | -€389,398 | -€383,444 | -6440.7% |
| Other operating charges | 640/8 | €260,774 | €604,412 | +€343,638 | +131.8% |
| Non-recurring operating charges | 66A | - | €501,099 | +€501,099 | |
| Operating profit (loss) | 9901 | -€322,155 | €379,187 | +€701,342 | |
| Financial income | 75/76B | €22,818 | €66,479 | +€43,662 | +191.4% |
| Recurring financial income | 75 | €22,818 | €66,479 | +€43,662 | +191.4% |
| Income from current assets | 751 | €21,182 | €62,504 | +€41,322 | +195.1% |
| Other financial income | 752/9 | €1,635 | €3,975 | +€2,340 | +143.1% |
| Financial charges | 65/66B | €491,666 | €377,987 | -€113,679 | -23.1% |
| Recurring financial charges | 65 | €491,666 | €377,987 | -€113,679 | -23.1% |
| Debt charges | 650 | €301,913 | €250,907 | -€51,006 | -16.9% |
| Other financial charges | 652/9 | €189,753 | €127,081 | -€62,672 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | -€791,003 | €67,679 | +€858,683 | |
| Income taxes | 67/77 | €10,443 | €9,760 | -€683 | -6.5% |
| Taxes | 670/3 | €10,445 | €9,763 | -€682 | -6.5% |
| Tax adjustments and reversals of tax provisions | 77 | €3 | €4 | +€1 | +39.5% |
| Profit (loss) for the period | 9904 | -€801,446 | €57,920 | +€859,366 | |
| Profit (loss) for the period to be appropriated | 9905 | -€801,446 | €57,920 | +€859,366 |
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 30 September 2026 via checked.be.