SOTEF: 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.
SOTEF
Largest movements
- Cash +€15,915
up €15,915 (+81.6%), from €19,493 to €35,408
mainly Depreciation (+€8,357) and Tax, wage and social debts (+€6,877)
- Tangible fixed assets -€5,207
down €5,207 (-37.8%), from €13,770 to €8,563
of which Furniture and vehicles: -€5,039
- Receivables within one year +€3,334
up €3,334 (+6.8%), from €49,185 to €52,519
of which Other amounts receivable: +€2,660
- Tax, wage and social debts +€6,877
up €6,877 (+108%), from €6,372 to €13,249
of which Remuneration and social security: +€6,449
- Trade debts +€4,524
up €4,524 (+80.2%), from €5,642 to €10,165
- Profit (loss) carried forward +€2,617
up €2,617 (+5.0%), from €52,477 to €55,094
- Staff costs -€8,690
down €8,690 (-27.7%), from €31,372 to €22,681
- Gross operating margin -€8,056
down €8,056 (-13.4%), from €60,203 to €52,147
- Taxes -€4,108
no longer reported in 2025 (was €4,108)
- Other operating charges +€3,488
up €3,488 (+23.8%), from €14,632 to €18,120
- Depreciation +€750
up €750 (+9.9%), from €7,607 to €8,357
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €83,311 | €97,328 | +€14,017 | +16.8% |
| Fixed assets | 21/28 | €14,170 | €8,963 | -€5,207 | -36.7% |
| Tangible fixed assets | 22/27 | €13,770 | €8,563 | -€5,207 | -37.8% |
| Plant, machinery and equipment | 23 | €168 | - | -€168 | |
| Furniture and vehicles | 24 | €13,602 | €8,563 | -€5,039 | -37.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €69,141 | €88,365 | +€19,224 | +27.8% |
| Amounts receivable within one year | 40/41 | €49,185 | €52,519 | +€3,334 | +6.8% |
| Trade receivables | 40 | €25,965 | €26,638 | +€674 | +2.6% |
| Other amounts receivable | 41 | €23,220 | €25,880 | +€2,660 | +11.5% |
| Cash at bank and in hand | 54/58 | €19,493 | €35,408 | +€15,915 | +81.6% |
| Deferred charges and accrued income | 490/1 | €463 | €438 | -€25 | -5.3% |
| Total equity and liabilities | 10/49 | €83,311 | €97,328 | +€14,017 | +16.8% |
| Equity | 10/15 | €71,118 | €73,735 | +€2,617 | +3.7% |
| Contributions | 10/11 | €18,641 | €18,641 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,477 | €55,094 | +€2,617 | +5.0% |
| Amounts payable | 17/49 | €12,193 | €23,593 | +€11,400 | +93.5% |
| Amounts payable within one year | 42/48 | €12,193 | €23,593 | +€11,400 | +93.5% |
| Trade debts | 44 | €5,642 | €10,165 | +€4,524 | +80.2% |
| Suppliers | 440/4 | €5,642 | €10,165 | +€4,524 | +80.2% |
| Taxes, remuneration and social security | 45 | €6,372 | €13,249 | +€6,877 | +108% |
| Taxes | 450/3 | €1,822 | €2,250 | +€427 | +23.4% |
| Remuneration and social security | 454/9 | €4,550 | €10,999 | +€6,449 | +142% |
| Other amounts payable | 47/48 | €178 | €178 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €31,372 | €22,681 | -€8,690 | -27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,607 | €8,357 | +€750 | +9.9% |
| Other operating charges | 640/8 | €14,632 | €18,120 | +€3,488 | +23.8% |
| Gross operating margin | 9900 | €60,203 | €52,147 | -€8,056 | -13.4% |
| Operating profit (loss) | 9901 | €6,593 | €2,989 | -€3,604 | -54.7% |
| Financial charges | 65/66B | €352 | €372 | +€20 | +5.7% |
| Recurring financial charges | 65 | €352 | €372 | +€20 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €6,241 | €2,617 | -€3,624 | -58.1% |
| Income taxes | 67/77 | €4,108 | - | -€4,108 | |
| Profit (loss) for the period | 9904 | €2,132 | €2,617 | +€485 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,132 | €2,617 | +€485 | +22.7% |
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 14 October 2026 via checked.be.