SOTHERM: 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.
SOTHERM
Largest movements
- Receivables within one year +€27,439
up €27,439 (+88.8%), from €30,916 to €58,354
of which Trade receivables: +€24,703
- Cash -€13,726
down €13,726 (-46.9%), from €29,249 to €15,523
mainly Receivables within one year (-€27,439) and Other debts (-€13,584)
- Tangible fixed assets -€9,873
down €9,873 (-42.6%), from €23,158 to €13,285
of which Furniture and vehicles: -€9,178
- Financial fixed assets +€3,000
new in 2025: €3,000
- Deferred charges and accrued income -€1,353
down €1,353 (-14.5%), from €9,331 to €7,977
- Trade debts +€15,565
up €15,565 (+1,650%), from €943 to €16,508
- Other debts -€13,584
down €13,584 (-23.3%), from €58,196 to €44,612
- Reserves +€13,307
new in 2025: €13,307
- Debts after one year -€7,690
down €7,690 (-70.3%), from €10,935 to €3,245
- Profit (loss) carried forward -€5,746
no longer reported in 2025 (was €5,746)
- Gross operating margin +€6,798
up €6,798 (+36.4%), from €18,656 to €25,454
- Taxes +€1,218
up €1,218 (+50.5%), from €2,411 to €3,629
- Financial income -€1,176
down €1,176 (-87.8%), from €1,340 to €164
- Other operating charges -€498
down €498 (-23.9%), from €2,087 to €1,589
- Financial charges -€257
down €257 (-8.0%), from €3,223 to €2,966
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 | €92,653 | €98,140 | +€5,487 | +5.9% |
| Fixed assets | 21/28 | €23,158 | €16,285 | -€6,873 | -29.7% |
| Tangible fixed assets | 22/27 | €23,158 | €13,285 | -€9,873 | -42.6% |
| Plant, machinery and equipment | 23 | €1,017 | €323 | -€695 | -68.3% |
| Furniture and vehicles | 24 | €22,141 | €12,962 | -€9,178 | -41.5% |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €69,496 | €81,855 | +€12,359 | +17.8% |
| Amounts receivable within one year | 40/41 | €30,916 | €58,354 | +€27,439 | +88.8% |
| Trade receivables | 40 | €25,272 | €49,975 | +€24,703 | +97.7% |
| Other amounts receivable | 41 | €5,643 | €8,379 | +€2,736 | +48.5% |
| Cash at bank and in hand | 54/58 | €29,249 | €15,523 | -€13,726 | -46.9% |
| Deferred charges and accrued income | 490/1 | €9,331 | €7,977 | -€1,353 | -14.5% |
| Total equity and liabilities | 10/49 | €92,653 | €98,140 | +€5,487 | +5.9% |
| Equity | 10/15 | €11,746 | €19,307 | +€7,561 | +64.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | - | €13,307 | +€13,307 | |
| Distributable reserves | 133 | - | €13,307 | +€13,307 | |
| Profit (loss) carried forward | 14 | €5,746 | - | -€5,746 | |
| Amounts payable | 17/49 | €80,908 | €78,833 | -€2,075 | -2.6% |
| Amounts payable after more than one year | 17 | €10,935 | €3,245 | -€7,690 | -70.3% |
| Financial debts | 170/4 | €10,935 | €3,245 | -€7,690 | -70.3% |
| Amounts payable within one year | 42/48 | €69,973 | €75,589 | +€5,615 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €7,555 | €7,690 | +€135 | +1.8% |
| Trade debts | 44 | €943 | €16,508 | +€15,565 | +1,650% |
| Suppliers | 440/4 | €943 | €16,508 | +€15,565 | +1,650% |
| Taxes, remuneration and social security | 45 | €3,280 | €6,779 | +€3,499 | +107% |
| Taxes | 450/3 | €3,280 | €6,779 | +€3,499 | +107% |
| Other amounts payable | 47/48 | €58,196 | €44,612 | -€13,584 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,758 | €9,873 | +€114 | +1.2% |
| Other operating charges | 640/8 | €2,087 | €1,589 | -€498 | -23.9% |
| Gross operating margin | 9900 | €18,656 | €25,454 | +€6,798 | +36.4% |
| Operating profit (loss) | 9901 | €6,810 | €13,992 | +€7,182 | +105% |
| Financial income | 75/76B | €1,340 | €164 | -€1,176 | -87.8% |
| Recurring financial income | 75 | €1,340 | €164 | -€1,176 | -87.8% |
| Financial charges | 65/66B | €3,223 | €2,966 | -€257 | -8.0% |
| Recurring financial charges | 65 | €3,223 | €2,966 | -€257 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €4,927 | €11,190 | +€6,262 | +127% |
| Income taxes | 67/77 | €2,411 | €3,629 | +€1,218 | +50.5% |
| Profit (loss) for the period | 9904 | €2,517 | €7,561 | +€5,045 | +200% |
| Profit (loss) for the period to be appropriated | 9905 | €2,517 | €7,561 | +€5,045 | +200% |
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 15 October 2026 via checked.be.