SOTEBA: 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.
SOTEBA
Largest movements
- Receivables within one year -€20,828
down €20,828 (-20.8%), from €100,228 to €79,400
of which Trade receivables: -€36,913
- Cash +€16,353
up €16,353 (+87.5%), from €18,682 to €35,035
mainly Receivables within one year (+€20,828) and Net result for the year (+€19,429)
- Tangible fixed assets +€7,468
up €7,468 (+82.2%), from €9,080 to €16,548
of which Furniture and vehicles: +€8,082
- Profit (loss) carried forward +€19,429
up €19,429 (+23.5%), from -€82,561 to -€63,133
- Other debts -€11,378
no longer reported in 2025 (was €11,378)
- Tax, wage and social debts -€9,770
down €9,770 (-26.9%), from €36,316 to €26,546
of which Taxes: -€7,977
- Trade debts +€3,366
up €3,366 (+40.4%), from €8,323 to €11,690
- Staff costs -€20,709
down €20,709 (-17.8%), from €116,531 to €95,822
- Gross operating margin -€14,754
down €14,754 (-10.6%), from €139,126 to €124,373
- Taxes -€5,119
down €5,119, from €5,113 to -€6
- Other operating charges +€2,906
up €2,906 (+98.8%), from €2,943 to €5,849
- Financial charges +€1,954
up €1,954 (+554.1%), from €353 to €2,307
of which Financial charges: +€1,951
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 | €168,475 | €170,122 | +€1,647 | +1.0% |
| Fixed assets | 21/28 | €10,461 | €17,929 | +€7,468 | +71.4% |
| Tangible fixed assets | 22/27 | €9,080 | €16,548 | +€7,468 | +82.2% |
| Plant, machinery and equipment | 23 | €3,798 | €3,184 | -€614 | -16.2% |
| Furniture and vehicles | 24 | €5,282 | €13,364 | +€8,082 | +153.0% |
| Financial fixed assets | 28 | €1,381 | €1,381 | = | 0.0% |
| Current assets | 29/58 | €158,014 | €152,193 | -€5,821 | -3.7% |
| Stocks and contracts in progress | 3 | €39,104 | €37,759 | -€1,346 | -3.4% |
| Stocks | 30/36 | €39,104 | €37,759 | -€1,346 | -3.4% |
| Amounts receivable within one year | 40/41 | €100,228 | €79,400 | -€20,828 | -20.8% |
| Trade receivables | 40 | €93,533 | €56,620 | -€36,913 | -39.5% |
| Other amounts receivable | 41 | €6,695 | €22,780 | +€16,085 | +240.2% |
| Cash at bank and in hand | 54/58 | €18,682 | €35,035 | +€16,353 | +87.5% |
| Total equity and liabilities | 10/49 | €168,475 | €170,122 | +€1,647 | +1.0% |
| Equity | 10/15 | €112,458 | €131,887 | +€19,429 | +17.3% |
| Contributions | 10/11 | €188,399 | €188,399 | = | 0.0% |
| Capital | 10 | €188,399 | €188,399 | = | 0.0% |
| Issued capital | 100 | €188,399 | €188,399 | = | 0.0% |
| Reserves | 13 | €6,620 | €6,620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,620 | €6,620 | = | 0.0% |
| Legal reserve | 130 | €6,620 | - | -€6,620 | |
| Reserves not available under the articles | 1311 | - | €6,620 | +€6,620 | |
| Profit (loss) carried forward | 14 | -€82,561 | -€63,133 | +€19,429 | +23.5% |
| Amounts payable | 17/49 | €56,017 | €38,236 | -€17,782 | -31.7% |
| Amounts payable within one year | 42/48 | €56,017 | €38,236 | -€17,782 | -31.7% |
| Trade debts | 44 | €8,323 | €11,690 | +€3,366 | +40.4% |
| Suppliers | 440/4 | €8,323 | €11,690 | +€3,366 | +40.4% |
| Taxes, remuneration and social security | 45 | €36,316 | €26,546 | -€9,770 | -26.9% |
| Taxes | 450/3 | €28,374 | €20,397 | -€7,977 | -28.1% |
| Remuneration and social security | 454/9 | €7,942 | €6,149 | -€1,793 | -22.6% |
| Other amounts payable | 47/48 | €11,378 | - | -€11,378 | |
| Remuneration, social security and pensions | 62 | €116,531 | €95,822 | -€20,709 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,099 | €2,685 | -€414 | -13.4% |
| Other operating charges | 640/8 | €2,943 | €5,849 | +€2,906 | +98.8% |
| Gross operating margin | 9900 | €139,126 | €124,373 | -€14,754 | -10.6% |
| Operating profit (loss) | 9901 | €16,554 | €20,017 | +€3,462 | +20.9% |
| Financial income | 75/76B | €133 | €1,712 | +€1,579 | +1183.3% |
| Recurring financial income | 75 | €133 | €1,712 | +€1,579 | +1183.3% |
| Financial charges | 65/66B | €353 | €2,307 | +€1,954 | +554.1% |
| Recurring financial charges | 65 | €353 | €2,304 | +€1,951 | +553.3% |
| Non-recurring financial charges | 66B | - | €3 | +€3 | |
| Profit (loss) for the period before taxes | 9903 | €16,335 | €19,422 | +€3,087 | +18.9% |
| Income taxes | 67/77 | €5,113 | -€6 | -€5,119 | |
| Profit (loss) for the period | 9904 | €11,222 | €19,429 | +€8,206 | +73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,222 | €19,429 | +€8,206 | +73.1% |
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 5 October 2026 via checked.be.