SOTAPHAR: 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.
SOTAPHAR
Largest movements
- Cash +€42,165
up €42,165 (+241.8%), from €17,436 to €59,601
mainly Net result for the year (+€23,812) and Other debts (+€17,468)
- Receivables within one year -€14,695
down €14,695 (-92.5%), from €15,889 to €1,194
of which Trade receivables: -€9,151
- Tangible fixed assets -€8,547
down €8,547 (-44.1%), from €19,386 to €10,839
- Other debts +€17,468
up €17,468 (+154.6%), from €11,296 to €28,764
- Profit (loss) carried forward +€7,979
up €7,979 (+2429.9%), from €328 to €8,308
- Debts after one year -€4,925
down €4,925 (-100.0%), from €4,925 to €0
- Current portion of long-term debt -€4,832
down €4,832 (-49.5%), from €9,757 to €4,925
- Tax, wage and social debts +€2,448
up €2,448 (+46.0%), from €5,319 to €7,766
of which Taxes: +€3,722
- Gross operating margin +€31,148
up €31,148 (+217.2%), from €14,340 to €45,488
- Taxes +€5,914
up €5,914 (+826.0%), from €716 to €6,630
- Financial charges +€1,287
up €1,287 (+305.9%), from €421 to €1,708
- Depreciation +€466
up €466 (+3.9%), from €12,017 to €12,483
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
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,257 | €72,653 | +€18,396 | +33.9% |
| Fixed assets | 21/28 | €19,386 | €10,839 | -€8,547 | -44.1% |
| Tangible fixed assets | 22/27 | €19,386 | €10,839 | -€8,547 | -44.1% |
| Furniture and vehicles | 24 | €19,386 | €10,839 | -€8,547 | -44.1% |
| Current assets | 29/58 | €34,871 | €61,813 | +€26,943 | +77.3% |
| Amounts receivable within one year | 40/41 | €15,889 | €1,194 | -€14,695 | -92.5% |
| Trade receivables | 40 | €10,342 | €1,192 | -€9,151 | -88.5% |
| Other amounts receivable | 41 | €5,546 | €2 | -€5,544 | -100.0% |
| Cash at bank and in hand | 54/58 | €17,436 | €59,601 | +€42,165 | +241.8% |
| Deferred charges and accrued income | 490/1 | €1,546 | €1,019 | -€528 | -34.1% |
| Total equity and liabilities | 10/49 | €54,257 | €72,653 | +€18,396 | +33.9% |
| Equity | 10/15 | €22,725 | €30,704 | +€7,979 | +35.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,796 | €3,796 | = | 0.0% |
| Distributable reserves | 133 | €3,796 | €3,796 | = | 0.0% |
| Profit (loss) carried forward | 14 | €328 | €8,308 | +€7,979 | +2429.9% |
| Amounts payable | 17/49 | €31,532 | €41,949 | +€10,417 | +33.0% |
| Amounts payable after more than one year | 17 | €4,925 | €0 | -€4,925 | -100.0% |
| Financial debts | 170/4 | €4,925 | €0 | -€4,925 | -100.0% |
| Amounts payable within one year | 42/48 | €26,607 | €41,949 | +€15,342 | +57.7% |
| Current portion of amounts payable after more than one year | 42 | €9,757 | €4,925 | -€4,832 | -49.5% |
| Trade debts | 44 | €15 | €493 | +€478 | +3172.2% |
| Suppliers | 440/4 | €15 | €493 | +€478 | +3172.2% |
| Advances received on contracts in progress | 46 | €220 | €0 | -€220 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,319 | €7,766 | +€2,448 | +46.0% |
| Taxes | 450/3 | €4,045 | €7,766 | +€3,722 | +92.0% |
| Remuneration and social security | 454/9 | €1,274 | €0 | -€1,274 | -100.0% |
| Other amounts payable | 47/48 | €11,296 | €28,764 | +€17,468 | +154.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,017 | €12,483 | +€466 | +3.9% |
| Other operating charges | 640/8 | €858 | €855 | -€3 | -0.4% |
| Gross operating margin | 9900 | €14,340 | €45,488 | +€31,148 | +217.2% |
| Operating profit (loss) | 9901 | €1,465 | €32,150 | +€30,685 | +2094.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €421 | €1,708 | +€1,287 | +305.9% |
| Recurring financial charges | 65 | €421 | €1,708 | +€1,287 | +305.9% |
| Profit (loss) for the period before taxes | 9903 | €1,044 | €30,443 | +€29,398 | +2814.9% |
| Income taxes | 67/77 | €716 | €6,630 | +€5,914 | +826.0% |
| Profit (loss) for the period | 9904 | €328 | €23,812 | +€23,484 | +7151.4% |
| Profit (loss) for the period to be appropriated | 9905 | €328 | €23,812 | +€23,484 | +7151.4% |
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 4 October 2026 via checked.be.