SOTEGEC: 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.
SOTEGEC
Largest movements
- Receivables within one year +€38,145
up €38,145 (+36.1%), from €105,557 to €143,702
of which Trade receivables: +€39,306
- Profit (loss) carried forward +€46,028
up €46,028 (+7.4%), from -€619,097 to -€573,069
- Trade debts -€5,286
down €5,286 (-1.0%), from €511,068 to €505,782
- Other debts -€1,561
down €1,561 (-1.0%), from €151,510 to €149,949
- Gross operating margin +€46,024
up €46,024, from -€3,792 to €42,232
- Financial charges +€676
up €676 (+1476.8%), from €46 to €722
- Other operating charges -€571
down €571 (-40.2%), from €1,421 to €849
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 | €106,256 | €145,593 | +€39,337 | +37.0% |
| Fixed assets | 21/28 | - | €1,206 | +€1,206 | |
| Tangible fixed assets | 22/27 | - | €1,206 | +€1,206 | |
| Furniture and vehicles | 24 | - | €1,206 | +€1,206 | |
| Current assets | 29/58 | €106,256 | €144,387 | +€38,131 | +35.9% |
| Amounts receivable within one year | 40/41 | €105,557 | €143,702 | +€38,145 | +36.1% |
| Trade receivables | 40 | €256 | €39,562 | +€39,306 | +15326.8% |
| Other amounts receivable | 41 | €105,301 | €104,140 | -€1,161 | -1.1% |
| Cash at bank and in hand | 54/58 | €641 | €671 | +€30 | +4.6% |
| Deferred charges and accrued income | 490/1 | €57 | €14 | -€44 | -76.4% |
| Total equity and liabilities | 10/49 | €106,256 | €145,593 | +€39,337 | +37.0% |
| Equity | 10/15 | -€557,097 | -€511,069 | +€46,028 | +8.3% |
| 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% |
| Profit (loss) carried forward | 14 | -€619,097 | -€573,069 | +€46,028 | +7.4% |
| Amounts payable | 17/49 | €663,353 | €656,662 | -€6,691 | -1.0% |
| Amounts payable within one year | 42/48 | €662,670 | €656,263 | -€6,407 | -1.0% |
| Trade debts | 44 | €511,068 | €505,782 | -€5,286 | -1.0% |
| Suppliers | 440/4 | €511,068 | €505,782 | -€5,286 | -1.0% |
| Taxes, remuneration and social security | 45 | €92 | €532 | +€439 | +475.8% |
| Taxes | 450/3 | €92 | €532 | +€439 | +475.8% |
| Other amounts payable | 47/48 | €151,510 | €149,949 | -€1,561 | -1.0% |
| Accrued charges and deferred income | 492/3 | €683 | €400 | -€284 | -41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €214 | +€214 | |
| Other operating charges | 640/8 | €1,421 | €849 | -€571 | -40.2% |
| Gross operating margin | 9900 | -€3,792 | €42,232 | +€46,024 | |
| Operating profit (loss) | 9901 | -€5,213 | €41,169 | +€46,382 | |
| Financial income | 75/76B | €5,889 | €5,580 | -€308 | -5.2% |
| Recurring financial income | 75 | €5,889 | €5,580 | -€308 | -5.2% |
| Financial charges | 65/66B | €46 | €722 | +€676 | +1476.8% |
| Recurring financial charges | 65 | €46 | €722 | +€676 | +1476.8% |
| Profit (loss) for the period before taxes | 9903 | €630 | €46,028 | +€45,398 | +7202.6% |
| Profit (loss) for the period | 9904 | €630 | €46,028 | +€45,398 | +7202.6% |
| Profit (loss) for the period to be appropriated | 9905 | €630 | €46,028 | +€45,398 | +7202.6% |
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.