SOTRELCO: 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
SOTRELCO
NACE 43.211, General electrical installation work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €2.1m-€773,040
Equity
€8.2m
2024 · €6.9m+€1.3m
Cash
€3.8m
2024 · €3.4m+€369,891
Balance sheet total
€19.4m
2024 · €17.1m+€2.4m
Largest movements
Assets
- Stocks and contracts +€1.2m
up €1.2m (+104%), from €1.1m to €2.3m
of which Contracts in progress: +€680,639
- Receivables within one year +€562,188
up €562,188 (+5.8%), from €9.6m to €10.2m
of which Trade receivables: +€1.3m
- Cash +€369,891
up €369,891 (+10.8%), from €3.4m to €3.8m
mainly Net result for the year (+€1.3m) and Debts after one year (+€786,665)
- Current investments +€229,725
up €229,725 (+27.1%), from €848,324 to €1.1m
Equity and liabilities
- Reserves +€1.3m
up €1.3m (+26.4%), from €4.9m to €6.2m
of which Distributable reserves: +€1.0m
- Debts after one year +€786,665
up €786,665 (+128%), from €615,046 to €1.4m
- Short-term financial debts +€563,977
up €563,977 (+23.6%), from €2.4m to €3.0m
- Provisions -€438,972
down €438,972 (-31.4%), from €1.4m to €961,028
- Other debts -€300,684
down €300,684 (-30.1%), from €1.0m to €699,316
Income statement
- Goods and materials +€4.7m
up €4.7m (+20.5%), from €23.1m to €27.9m
of which Purchases: +€4.8m
- Turnover +€3.3m
up €3.3m (+9.2%), from €36.2m to €39.6m
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
€2.1m
Turnover
+€3.3m
Other operating income
-€87,296
Goods and materials
-€4.7m
Services and other goods
-€258,255
Staff costs
-€103,823
Depreciation
-€79,610
Write-downs
+€224,420
Provisions
+€128,098
Other operating charges
+€77,372
Other operating items
+€527,426
Financial income
-€11,422
Financial charges
+€21,533
Taxes
+€196,452
Result 2025
€1.3m
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
-€305,837
Investment
-€896,726
Financing
+€1.6m
Cash 2024
€3.4m
From operations (derived)
-€305,837
Net result for the year
+€1.3m
Depreciation
+€564,312
Stocks and contracts
-€1.2m
Receivables within one year
-€562,188
Deferred charges and accrued income
+€85,224
Provisions
-€438,972
Trade debts
+€245,355
Tax, wage and social debts
-€27,270
Other debts
-€300,684
Accrued charges and deferred income
+€7,364
Investment (derived)
-€896,726
Investment in fixed assets (net)
-€667,001
Current investments
-€229,725
Financing
+€1.6m
Debts after one year
+€786,665
Current portion of long-term debt
+€221,812
Short-term financial debts
+€563,977
Cash 2025
€3.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,080,087 | €19,440,104 | +€2.4m | +13.8% |
| Fixed assets | 21/28 | €1,846,716 | €1,949,405 | +€102,689 | +5.6% |
| Tangible fixed assets | 22/27 | €1,389,215 | €1,485,704 | +€96,489 | +6.9% |
| Plant, machinery and equipment | 23 | €4,108 | €13,242 | +€9,134 | +222% |
| Furniture and vehicles | 24 | €986,613 | €1,126,115 | +€139,502 | +14.1% |
| Other tangible fixed assets | 26 | €398,494 | €346,346 | -€52,148 | -13.1% |
| Financial fixed assets | 28 | €457,502 | €463,702 | +€6,200 | +1.4% |
| Other financial fixed assets | 284/8 | €457,502 | €463,702 | +€6,200 | +1.4% |
| Amounts receivable and cash guarantees | 285/8 | €457,502 | €463,702 | +€6,200 | +1.4% |
| Current assets | 29/58 | €15,233,371 | €17,490,699 | +€2.3m | +14.8% |
| Stocks and contracts in progress | 3 | €1,130,488 | €2,311,237 | +€1.2m | +104% |
| Stocks | 30/36 | €922,504 | €1,422,614 | +€500,110 | +54.2% |
| Raw materials and consumables | 30/31 | €15,179 | €33,592 | +€18,413 | +121% |
| Property held for sale | 35 | €907,325 | €1,389,022 | +€481,697 | +53.1% |
| Contracts in progress | 37 | €207,984 | €888,623 | +€680,639 | +327% |
| Amounts receivable within one year | 40/41 | €9,629,686 | €10,191,874 | +€562,188 | +5.8% |
| Trade receivables | 40 | €8,023,989 | €9,351,980 | +€1.3m | +16.6% |
| Other amounts receivable | 41 | €1,605,698 | €839,894 | -€765,803 | -47.7% |
| Current investments | 50/53 | €848,324 | €1,078,049 | +€229,725 | +27.1% |
| Other investments | 51/53 | €848,324 | €1,078,049 | +€229,725 | +27.1% |
| Cash at bank and in hand | 54/58 | €3,409,922 | €3,779,813 | +€369,891 | +10.8% |
| Deferred charges and accrued income | 490/1 | €214,950 | €129,726 | -€85,224 | -39.6% |
| Total equity and liabilities | 10/49 | €17,080,087 | €19,440,104 | +€2.4m | +13.8% |
| Equity | 10/15 | €6,937,464 | €8,239,235 | +€1.3m | +18.8% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €4,937,464 | €6,239,235 | +€1.3m | +26.4% |
| Non-distributable reserves | 130/1 | €200,000 | €200,000 | = | 0.0% |
| Legal reserve | 130 | €200,000 | €200,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,071,250 | €1,353,320 | +€282,070 | +26.3% |
| Distributable reserves | 133 | €3,666,214 | €4,685,915 | +€1.0m | +27.8% |
| Provisions and deferred taxes | 16 | €1,400,000 | €961,028 | -€438,972 | -31.4% |
| Provisions for liabilities and charges | 160/5 | €1,400,000 | €961,028 | -€438,972 | -31.4% |
| Other liabilities and charges | 164/5 | €1,400,000 | €961,028 | -€438,972 | -31.4% |
| Amounts payable | 17/49 | €8,742,623 | €10,239,841 | +€1.5m | +17.1% |
| Amounts payable after more than one year | 17 | €615,046 | €1,401,711 | +€786,665 | +128% |
| Financial debts | 170/4 | €615,046 | €1,401,711 | +€786,665 | +128% |
| Credit institutions | 173 | €615,046 | €1,401,711 | +€786,665 | +128% |
| Amounts payable within one year | 42/48 | €8,071,825 | €8,775,015 | +€703,190 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €509,247 | €731,059 | +€221,812 | +43.6% |
| Financial debts | 43 | €2,391,885 | €2,955,862 | +€563,977 | +23.6% |
| Credit institutions | 430/8 | €2,391,885 | €2,955,862 | +€563,977 | +23.6% |
| Trade debts | 44 | €3,523,570 | €3,768,925 | +€245,355 | +7.0% |
| Suppliers | 440/4 | €3,523,570 | €3,768,925 | +€245,355 | +7.0% |
| Taxes, remuneration and social security | 45 | €647,123 | €619,853 | -€27,270 | -4.2% |
| Taxes | 450/3 | €97,511 | €66,181 | -€31,330 | -32.1% |
| Remuneration and social security | 454/9 | €549,612 | €553,672 | +€4,060 | +0.7% |
| Other amounts payable | 47/48 | €1,000,000 | €699,316 | -€300,684 | -30.1% |
| Accrued charges and deferred income | 492/3 | €55,751 | €63,115 | +€7,364 | +13.2% |
| Operating income | 70/76A | €37,088,690 | €40,835,345 | +€3.7m | +10.1% |
| Turnover | 70 | €36,242,523 | €39,581,560 | +€3.3m | +9.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €20,441 | €680,639 | +€660,197 | +3,230% |
| Own construction capitalised | 72 | €71,037 | €0 | -€71,037 | -100% |
| Other operating income | 74 | €650,888 | €563,592 | -€87,296 | -13.4% |
| Non-recurring operating income | 76A | €103,801 | €9,554 | -€94,247 | -90.8% |
| Operating charges | 60/66A | €34,443,718 | €39,169,975 | +€4.7m | +13.7% |
| Goods for resale, raw materials and consumables | 60 | €23,104,278 | €27,851,250 | +€4.7m | +20.5% |
| Purchases | 600/8 | €23,098,381 | €27,869,664 | +€4.8m | +20.7% |
| Change in stocks: decrease (increase) | 609 | €5,898 | -€18,413 | -€24,311 | |
| Services and other goods | 61 | €3,856,249 | €4,114,503 | +€258,255 | +6.7% |
| Remuneration, social security and pensions | 62 | €6,844,141 | €6,947,964 | +€103,823 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €484,702 | €564,312 | +€79,610 | +16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €313,081 | €88,661 | -€224,420 | -71.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€310,874 | -€438,972 | -€128,098 | -41.2% |
| Other operating charges | 640/8 | €114,005 | €36,633 | -€77,372 | -67.9% |
| Non-recurring operating charges | 66A | €38,136 | €5,623 | -€32,513 | -85.3% |
| Operating profit (loss) | 9901 | €2,644,973 | €1,665,370 | -€979,603 | -37.0% |
| Financial income | 75/76B | €335,809 | €324,386 | -€11,422 | -3.4% |
| Recurring financial income | 75 | €335,809 | €324,386 | -€11,422 | -3.4% |
| Income from financial fixed assets | 750 | €35,758 | €11,911 | -€23,847 | -66.7% |
| Income from current assets | 751 | €300,051 | €42,699 | -€257,353 | -85.8% |
| Other financial income | 752/9 | - | €269,777 | +€269,777 | |
| Financial charges | 65/66B | €225,458 | €203,925 | -€21,533 | -9.6% |
| Recurring financial charges | 65 | €225,458 | €203,925 | -€21,533 | -9.6% |
| Debt charges | 650 | €194,905 | €183,621 | -€11,284 | -5.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | -€2,366 | -€2,366 | |
| Other financial charges | 652/9 | €30,552 | €22,669 | -€7,883 | -25.8% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €2,755,324 | €1,785,831 | -€969,492 | -35.2% |
| Income taxes | 67/77 | €680,512 | €484,061 | -€196,452 | -28.9% |
| Taxes | 670/3 | €680,512 | €484,061 | -€196,452 | -28.9% |
| Profit (loss) for the period | 9904 | €2,074,811 | €1,301,771 | -€773,040 | -37.3% |
| Transfer from tax-exempt reserves | 789 | €252,600 | €244,180 | -€8,420 | -3.3% |
| Transfer to tax-exempt reserves | 689 | €421,000 | €526,250 | +€105,250 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,906,411 | €1,019,701 | -€886,710 | -46.5% |
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 19 October 2026 via checked.be.