SOTHY: what changed
Two fiscal 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.
SOTHY
Largest movements
- Receivables within one year +€11,001
up €11,001 (+79.8%), from €13,786 to €24,787
of which Trade receivables: +€11,001
- Tangible fixed assets -€2,909
down €2,909 (-17.1%), from €16,975 to €14,066
of which Furniture and vehicles: -€2,840
- Cash -€1,862
down €1,862 (-77.3%), from €2,408 to €546
mainly Receivables within one year (-€11,001) and Net result for the year (-€9,395)
- Deferred charges and accrued income +€1,272
up €1,272 (+96.9%), from €1,312 to €2,584
- Profit (loss) carried forward -€9,395
down €9,395 (-24.4%), from -€38,441 to -€47,835
- Tax, wage and social debts +€7,472
up €7,472 (+304.5%), from €2,453 to €9,925
of which Taxes: +€5,313
- Trade debts +€7,253
up €7,253 (+23.6%), from €30,677 to €37,929
- Advances received +€5,167
up €5,167 (+115.6%), from €4,472 to €9,639
- Debts after one year -€4,315
down €4,315 (-52.8%), from €8,173 to €3,858
- Financial charges -€12,692
down €12,692 (-72.4%), from €17,535 to €4,843
- Staff costs +€12,281
new in 2025: €12,281
- Gross operating margin +€4,475
up €4,475 (+37.1%), from €12,073 to €16,547
- Other operating charges -€1,432
down €1,432 (-34.5%), from €4,152 to €2,720
- Financial income -€839
down €839 (-57.5%), from €1,459 to €620
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 | €38,380 | €45,882 | +€7,502 | +19.5% |
| Fixed assets | 21/28 | €20,875 | €17,966 | -€2,909 | -13.9% |
| Tangible fixed assets | 22/27 | €16,975 | €14,066 | -€2,909 | -17.1% |
| Furniture and vehicles | 24 | €16,801 | €13,961 | -€2,840 | -16.9% |
| Other tangible fixed assets | 26 | €173 | €104 | -€69 | -40.0% |
| Financial fixed assets | 28 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €17,506 | €27,917 | +€10,411 | +59.5% |
| Amounts receivable within one year | 40/41 | €13,786 | €24,787 | +€11,001 | +79.8% |
| Trade receivables | 40 | €13,786 | €24,787 | +€11,001 | +79.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,408 | €546 | -€1,862 | -77.3% |
| Deferred charges and accrued income | 490/1 | €1,312 | €2,584 | +€1,272 | +96.9% |
| Total equity and liabilities | 10/49 | €38,380 | €45,882 | +€7,502 | +19.5% |
| Equity | 10/15 | -€25,653 | -€35,048 | -€9,395 | -36.6% |
| Contributions | 10/11 | €12,787 | €12,787 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,441 | -€47,835 | -€9,395 | -24.4% |
| Amounts payable | 17/49 | €64,034 | €80,930 | +€16,896 | +26.4% |
| Amounts payable after more than one year | 17 | €8,173 | €3,858 | -€4,315 | -52.8% |
| Financial debts | 170/4 | €8,173 | €3,858 | -€4,315 | -52.8% |
| Amounts payable within one year | 42/48 | €55,860 | €76,279 | +€20,418 | +36.6% |
| Current portion of amounts payable after more than one year | 42 | €3,996 | €4,315 | +€319 | +8.0% |
| Trade debts | 44 | €30,677 | €37,929 | +€7,253 | +23.6% |
| Suppliers | 440/4 | €30,677 | €37,929 | +€7,253 | +23.6% |
| Advances received on contracts in progress | 46 | €4,472 | €9,639 | +€5,167 | +115.6% |
| Taxes, remuneration and social security | 45 | €2,453 | €9,925 | +€7,472 | +304.5% |
| Taxes | 450/3 | €2,453 | €7,767 | +€5,313 | +216.6% |
| Remuneration and social security | 454/9 | - | €2,158 | +€2,158 | |
| Other amounts payable | 47/48 | €14,263 | €14,470 | +€207 | +1.5% |
| Accrued charges and deferred income | 492/3 | - | €793 | +€793 | |
| Remuneration, social security and pensions | 62 | - | €12,281 | +€12,281 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,110 | €6,530 | +€420 | +6.9% |
| Other operating charges | 640/8 | €4,152 | €2,720 | -€1,432 | -34.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €12,073 | €16,547 | +€4,475 | +37.1% |
| Operating profit (loss) | 9901 | €1,811 | -€4,984 | -€6,795 | |
| Financial income | 75/76B | €1,459 | €620 | -€839 | -57.5% |
| Recurring financial income | 75 | €1,459 | €620 | -€839 | -57.5% |
| Financial charges | 65/66B | €17,535 | €4,843 | -€12,692 | -72.4% |
| Recurring financial charges | 65 | €17,535 | €4,843 | -€12,692 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,265 | -€9,207 | +€5,058 | +35.5% |
| Income taxes | 67/77 | €180 | €188 | +€8 | +4.2% |
| Profit (loss) for the period | 9904 | -€14,446 | -€9,395 | +€5,051 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,446 | -€9,395 | +€5,051 | +35.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.