SOTEK: 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.
SOTEK
Largest movements
- Receivables within one year +€42,681
up €42,681 (+46.4%), from €92,014 to €134,695
of which Other amounts receivable: +€56,281
- Tangible fixed assets -€3,976
down €3,976 (-6.5%), from €61,586 to €57,609
- Trade debts +€61,313
up €61,313 (+373%), from €16,422 to €77,735
- Short-term financial debts -€17,330
down €17,330 (-40.9%), from €42,330 to €25,000
of which Credit institutions: -€17,330
- Other debts -€11,312
down €11,312 (-80.2%), from €14,112 to €2,800
- Current portion of long-term debt +€6,526
new in 2025: €6,526
- Reserves +€3,025
up €3,025 (+11.2%), from €26,975 to €30,000
- Gross operating margin +€18,758
up €18,758 (+6.9%), from €270,128 to €288,885
- Staff costs +€14,878
up €14,878 (+6.0%), from €246,296 to €261,174
- Other operating charges -€3,126
down €3,126 (-73.9%), from €4,231 to €1,104
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 | €155,984 | €195,908 | +€39,924 | +25.6% |
| Fixed assets | 21/28 | €61,586 | €57,609 | -€3,976 | -6.5% |
| Tangible fixed assets | 22/27 | €61,586 | €57,609 | -€3,976 | -6.5% |
| Other tangible fixed assets | 26 | €61,586 | €57,609 | -€3,976 | -6.5% |
| Current assets | 29/58 | €94,398 | €138,298 | +€43,900 | +46.5% |
| Amounts receivable within one year | 40/41 | €92,014 | €134,695 | +€42,681 | +46.4% |
| Trade receivables | 40 | €41,381 | €27,782 | -€13,600 | -32.9% |
| Other amounts receivable | 41 | €50,633 | €106,913 | +€56,281 | +111% |
| Cash at bank and in hand | 54/58 | €2,192 | €3,430 | +€1,238 | +56.5% |
| Deferred charges and accrued income | 490/1 | €192 | €173 | -€19 | -9.9% |
| Total equity and liabilities | 10/49 | €155,984 | €195,908 | +€39,924 | +25.6% |
| Equity | 10/15 | €33,175 | €36,200 | +€3,025 | +9.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,975 | €30,000 | +€3,025 | +11.2% |
| Distributable reserves | 133 | €26,975 | €30,000 | +€3,025 | +11.2% |
| Amounts payable | 17/49 | €122,809 | €159,707 | +€36,899 | +30.0% |
| Amounts payable within one year | 42/48 | €122,809 | €159,707 | +€36,899 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | - | €6,526 | +€6,526 | |
| Financial debts | 43 | €42,330 | €25,000 | -€17,330 | -40.9% |
| Credit institutions | 430/8 | €17,330 | - | -€17,330 | |
| Other loans | 439 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €16,422 | €77,735 | +€61,313 | +373% |
| Suppliers | 440/4 | €16,422 | €77,735 | +€61,313 | +373% |
| Taxes, remuneration and social security | 45 | €49,945 | €47,647 | -€2,298 | -4.6% |
| Taxes | 450/3 | €23,095 | €24,433 | +€1,337 | +5.8% |
| Remuneration and social security | 454/9 | €26,849 | €23,214 | -€3,636 | -13.5% |
| Other amounts payable | 47/48 | €14,112 | €2,800 | -€11,312 | -80.2% |
| Remuneration, social security and pensions | 62 | €246,296 | €261,174 | +€14,878 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,497 | €13,476 | +€979 | +7.8% |
| Other operating charges | 640/8 | €4,231 | €1,104 | -€3,126 | -73.9% |
| Gross operating margin | 9900 | €270,128 | €288,885 | +€18,758 | +6.9% |
| Operating profit (loss) | 9901 | €7,104 | €13,130 | +€6,026 | +84.8% |
| Financial income | 75/76B | €1 | €3 | +€2 | +220% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +220% |
| Financial charges | 65/66B | €6,118 | €7,653 | +€1,535 | +25.1% |
| Recurring financial charges | 65 | €6,118 | €7,653 | +€1,535 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €987 | €5,480 | +€4,494 | +455% |
| Income taxes | 67/77 | €248 | €2,455 | +€2,207 | +889% |
| Profit (loss) for the period | 9904 | €739 | €3,025 | +€2,287 | +310% |
| Profit (loss) for the period to be appropriated | 9905 | €739 | €3,025 | +€2,287 | +310% |
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.