SOTHI: 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.
SOTHI
Largest movements
- Tangible fixed assets -€73,397
down €73,397 (-5.7%), from €1.3m to €1.2m
of which Land and buildings: -€72,591
- Receivables within one year +€37,385
up €37,385 (+88.3%), from €42,322 to €79,707
of which Trade receivables: +€45,134
- Other debts +€54,681
up €54,681 (+10.0%), from €545,566 to €600,247
- Debts after one year -€53,479
down €53,479 (-30.8%), from €173,762 to €120,284
- Trade debts -€37,339
down €37,339 (-53.1%), from €70,309 to €32,970
of which Bills of exchange payable: -€36,000
- Current portion of long-term debt -€20,561
down €20,561 (-27.8%), from €74,040 to €53,479
- Depreciation +€4,505
up €4,505 (+5.2%), from €87,249 to €91,754
- Financial charges -€1,823
down €1,823 (-13.3%), from €13,653 to €11,830
- Taxes -€1,801
down €1,801 (-27.8%), from €6,472 to €4,671
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 | €1,330,941 | €1,293,594 | -€37,348 | -2.8% |
| Fixed assets | 21/28 | €1,280,135 | €1,206,738 | -€73,397 | -5.7% |
| Tangible fixed assets | 22/27 | €1,280,135 | €1,206,738 | -€73,397 | -5.7% |
| Land and buildings | 22 | €1,278,011 | €1,205,420 | -€72,591 | -5.7% |
| Furniture and vehicles | 24 | €2,124 | €1,317 | -€806 | -38.0% |
| Current assets | 29/58 | €50,807 | €86,856 | +€36,049 | +71.0% |
| Amounts receivable within one year | 40/41 | €42,322 | €79,707 | +€37,385 | +88.3% |
| Trade receivables | 40 | €25,553 | €70,687 | +€45,134 | +176.6% |
| Other amounts receivable | 41 | €16,769 | €9,020 | -€7,749 | -46.2% |
| Cash at bank and in hand | 54/58 | €8,350 | €2,764 | -€5,586 | -66.9% |
| Deferred charges and accrued income | 490/1 | €135 | €4,385 | +€4,250 | +3150.7% |
| Total equity and liabilities | 10/49 | €1,330,941 | €1,293,594 | -€37,348 | -2.8% |
| Equity | 10/15 | €453,882 | €461,904 | +€8,022 | +1.8% |
| 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% |
| Reserves | 13 | €334,570 | €342,591 | +€8,022 | +2.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €328,370 | €336,391 | +€8,022 | +2.4% |
| Profit (loss) carried forward | 14 | €57,313 | €57,313 | = | 0.0% |
| Amounts payable | 17/49 | €877,059 | €831,690 | -€45,370 | -5.2% |
| Amounts payable after more than one year | 17 | €173,762 | €120,284 | -€53,479 | -30.8% |
| Financial debts | 170/4 | €173,762 | €120,284 | -€53,479 | -30.8% |
| Amounts payable within one year | 42/48 | €702,182 | €697,749 | -€4,433 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €74,040 | €53,479 | -€20,561 | -27.8% |
| Trade debts | 44 | €70,309 | €32,970 | -€37,339 | -53.1% |
| Suppliers | 440/4 | €34,309 | €32,970 | -€1,339 | -3.9% |
| Bills of exchange payable | 441 | €36,000 | €0 | -€36,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €12,267 | €11,053 | -€1,213 | -9.9% |
| Taxes | 450/3 | €7,630 | €3,160 | -€4,469 | -58.6% |
| Remuneration and social security | 454/9 | €4,637 | €7,893 | +€3,256 | +70.2% |
| Other amounts payable | 47/48 | €545,566 | €600,247 | +€54,681 | +10.0% |
| Accrued charges and deferred income | 492/3 | €1,115 | €13,657 | +€12,542 | +1124.9% |
| Remuneration, social security and pensions | 62 | €38,140 | €39,748 | +€1,609 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,249 | €91,754 | +€4,505 | +5.2% |
| Other operating charges | 640/8 | €21,183 | €21,755 | +€572 | +2.7% |
| Gross operating margin | 9900 | €179,017 | €177,780 | -€1,237 | -0.7% |
| Operating profit (loss) | 9901 | €32,445 | €24,522 | -€7,923 | -24.4% |
| Financial income | 75/76B | €1 | €1 | -€1 | -58.7% |
| Recurring financial income | 75 | €1 | €1 | -€1 | -58.7% |
| Financial charges | 65/66B | €13,653 | €11,830 | -€1,823 | -13.3% |
| Recurring financial charges | 65 | €13,653 | €11,830 | -€1,823 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €18,794 | €12,692 | -€6,101 | -32.5% |
| Income taxes | 67/77 | €6,472 | €4,671 | -€1,801 | -27.8% |
| Profit (loss) for the period | 9904 | €12,322 | €8,022 | -€4,300 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,322 | €8,022 | -€4,300 | -34.9% |
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.