SOTRAMAT: 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
SOTRAMAT
NACE 42.110, Construction of roads and motorways
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€40,475
2024 · €113,665-€154,140
Equity
€1.1m
2024 · €1.2m-€40,475
Cash
€261,421
2024 · €78,592+€182,829
Balance sheet total
€8.1m
2024 · €6.8m+€1.3m
Largest movements
Assets
- Receivables within one year +€743,954
up €743,954 (+20.3%), from €3.7m to €4.4m
of which Trade receivables: +€744,390
- Tangible fixed assets +€336,083
up €336,083 (+11.5%), from €2.9m to €3.3m
of which Leasing and similar rights: +€312,965
- Cash +€182,829
up €182,829 (+232.6%), from €78,592 to €261,421
mainly Depreciation (+€1.3m) and Trade debts (+€665,598)
Equity and liabilities
- Trade debts +€665,598
up €665,598 (+18.3%), from €3.6m to €4.3m
- Debts after one year +€439,605
up €439,605 (+51.5%), from €852,819 to €1.3m
- Current portion of long-term debt +€294,657
up €294,657 (+44.2%), from €667,291 to €961,948
Income statement
- Depreciation +€110,008
up €110,008 (+9.5%), from €1.2m to €1.3m
- Staff costs +€71,359
up €71,359 (+25.4%), from €281,398 to €352,757
- Gross operating margin -€53,347
down €53,347 (-3.0%), from €1.8m to €1.7m
- Other operating charges +€39,499
up €39,499 (+82.6%), from €47,803 to €87,302
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
€113,665
Gross operating margin
-€53,347
Staff costs
-€71,359
Depreciation
-€110,008
Write-downs
+€9,752
Other operating charges
-€39,499
Other operating items
+€48,029
Financial income
+€3,452
Financial charges
-€8,953
Taxes
+€11,983
Deferred taxes and other
+€55,811
Result 2025
-€40,475
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
+€1.1m
Investment
-€1.6m
Financing
+€734,261
Cash 2024
€78,592
From operations (derived)
+€1.1m
Net result for the year
-€40,475
Depreciation
+€1.3m
Stocks and contracts
-€32,134
Receivables within one year
-€743,954
Deferred charges and accrued income
+€6,987
Provisions
-€14,345
Trade debts
+€665,598
Tax, wage and social debts
-€56,722
Smaller working-capital items
-€636
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
+€734,261
Debts after one year
+€439,605
Current portion of long-term debt
+€294,657
Cash 2025
€261,421
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,772,298 | €8,059,980 | +€1.3m | +19.0% |
| Fixed assets | 21/28 | €2,934,741 | €3,270,491 | +€335,750 | +11.4% |
| Intangible fixed assets | 21 | €988 | €655 | -€333 | -33.7% |
| Tangible fixed assets | 22/27 | €2,924,065 | €3,260,148 | +€336,083 | +11.5% |
| Plant, machinery and equipment | 23 | €801,705 | €942,495 | +€140,790 | +17.6% |
| Furniture and vehicles | 24 | €232,465 | €114,794 | -€117,671 | -50.6% |
| Leasing and similar rights | 25 | €1,889,895 | €2,202,860 | +€312,965 | +16.6% |
| Financial fixed assets | 28 | €9,688 | €9,688 | = | 0.0% |
| Current assets | 29/58 | €3,837,557 | €4,789,488 | +€951,931 | +24.8% |
| Stocks and contracts in progress | 3 | €71,803 | €103,938 | +€32,134 | +44.8% |
| Stocks | 30/36 | €71,803 | €103,938 | +€32,134 | +44.8% |
| Amounts receivable within one year | 40/41 | €3,670,974 | €4,414,929 | +€743,954 | +20.3% |
| Trade receivables | 40 | €3,266,539 | €4,010,929 | +€744,390 | +22.8% |
| Other amounts receivable | 41 | €404,436 | €404,000 | -€436 | -0.1% |
| Current investments | 50/53 | €599 | €599 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €78,592 | €261,421 | +€182,829 | +232.6% |
| Deferred charges and accrued income | 490/1 | €15,589 | €8,602 | -€6,987 | -44.8% |
| Total equity and liabilities | 10/49 | €6,772,298 | €8,059,980 | +€1.3m | +19.0% |
| Equity | 10/15 | €1,150,876 | €1,110,401 | -€40,475 | -3.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,088,876 | €1,048,401 | -€40,475 | -3.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €124,398 | €81,364 | -€43,034 | -34.6% |
| Distributable reserves | 133 | €958,278 | €960,837 | +€2,559 | +0.3% |
| Provisions and deferred taxes | 16 | €41,466 | €27,121 | -€14,345 | -34.6% |
| Deferred taxes | 168 | €41,466 | €27,121 | -€14,345 | -34.6% |
| Amounts payable | 17/49 | €5,579,957 | €6,922,458 | +€1.3m | +24.1% |
| Amounts payable after more than one year | 17 | €852,819 | €1,292,423 | +€439,605 | +51.5% |
| Financial debts | 170/4 | €852,819 | €1,292,423 | +€439,605 | +51.5% |
| Amounts payable within one year | 42/48 | €4,727,127 | €5,629,692 | +€902,564 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €667,291 | €961,948 | +€294,657 | +44.2% |
| Trade debts | 44 | €3,643,495 | €4,309,092 | +€665,598 | +18.3% |
| Suppliers | 440/4 | €3,643,495 | €4,309,092 | +€665,598 | +18.3% |
| Taxes, remuneration and social security | 45 | €104,580 | €47,858 | -€56,722 | -54.2% |
| Taxes | 450/3 | €79,972 | €28,786 | -€51,186 | -64.0% |
| Remuneration and social security | 454/9 | €24,608 | €19,072 | -€5,536 | -22.5% |
| Other amounts payable | 47/48 | €311,761 | €310,793 | -€968 | -0.3% |
| Accrued charges and deferred income | 492/3 | €11 | €343 | +€332 | +3123.2% |
| Remuneration, social security and pensions | 62 | €281,398 | €352,757 | +€71,359 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,161,540 | €1,271,549 | +€110,008 | +9.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€9,752 | -€9,752 | |
| Other operating charges | 640/8 | €47,803 | €87,302 | +€39,499 | +82.6% |
| Non-recurring operating charges | 66A | €48,029 | - | -€48,029 | |
| Gross operating margin | 9900 | €1,791,642 | €1,738,295 | -€53,347 | -3.0% |
| Operating profit (loss) | 9901 | €252,872 | €36,439 | -€216,433 | -85.6% |
| Financial income | 75/76B | €0 | €3,452 | +€3,452 | +34523700.0% |
| Recurring financial income | 75 | €0 | €3,452 | +€3,452 | +34523700.0% |
| Financial charges | 65/66B | €68,172 | €77,126 | +€8,953 | +13.1% |
| Recurring financial charges | 65 | €68,172 | €77,126 | +€8,953 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €184,700 | -€37,235 | -€221,934 | |
| Transfer from deferred taxes | 780 | €12,534 | €14,345 | +€1,811 | +14.4% |
| Transfer to deferred taxes | 680 | €54,000 | - | -€54,000 | |
| Income taxes | 67/77 | €29,569 | €17,585 | -€11,983 | -40.5% |
| Profit (loss) for the period | 9904 | €113,665 | -€40,475 | -€154,140 | |
| Transfer from tax-exempt reserves | 789 | €37,602 | €43,034 | +€5,431 | +14.4% |
| Transfer to tax-exempt reserves | 689 | €162,000 | - | -€162,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,733 | €2,559 | +€13,292 |
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 11 October 2026 via checked.be.