SOTIK: 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.
SOTIK
Largest movements
- Tangible fixed assets -€483,994
down €483,994 (-31.3%), from €1.5m to €1.1m
of which Plant, machinery and equipment: -€444,048
- Cash +€100,576
up €100,576 (+22.6%), from €445,693 to €546,269
mainly Depreciation (+€493,494) and Net result for the year (+€287,154)
- Receivables within one year -€49,555
down €49,555 (-27.1%), from €183,121 to €133,566
of which Other amounts receivable: -€77,939
- Debts after one year -€473,332
down €473,332 (-80.0%), from €591,685 to €118,353
- Other debts +€177,000
up €177,000 (+147.5%), from €120,000 to €297,000
- Trade debts -€142,469
down €142,469 (-33.8%), from €421,987 to €279,517
- Tax, wage and social debts +€41,795
up €41,795 (+240.8%), from €17,355 to €59,150
- Gross operating margin +€228,657
up €228,657 (+33.3%), from €687,053 to €915,710
- Taxes +€65,011
up €65,011 (+184.8%), from €35,177 to €100,188
- Financial charges -€27,039
down €27,039 (-34.7%), from €77,866 to €50,827
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 | €2,185,419 | €1,763,396 | -€422,023 | -19.3% |
| Fixed assets | 21/28 | €1,543,873 | €1,059,879 | -€483,994 | -31.3% |
| Tangible fixed assets | 22/27 | €1,543,873 | €1,059,879 | -€483,994 | -31.3% |
| Land and buildings | 22 | €170,876 | €130,929 | -€39,947 | -23.4% |
| Plant, machinery and equipment | 23 | €1,135,685 | €691,637 | -€444,048 | -39.1% |
| Furniture and vehicles | 24 | €237,313 | €237,313 | = | 0.0% |
| Current assets | 29/58 | €641,546 | €703,517 | +€61,971 | +9.7% |
| Amounts receivable within one year | 40/41 | €183,121 | €133,566 | -€49,555 | -27.1% |
| Trade receivables | 40 | €22,352 | €50,735 | +€28,384 | +127.0% |
| Other amounts receivable | 41 | €160,770 | €82,831 | -€77,939 | -48.5% |
| Cash at bank and in hand | 54/58 | €445,693 | €546,269 | +€100,576 | +22.6% |
| Deferred charges and accrued income | 490/1 | €12,732 | €23,682 | +€10,951 | +86.0% |
| Total equity and liabilities | 10/49 | €2,185,419 | €1,763,396 | -€422,023 | -19.3% |
| Equity | 10/15 | €508,110 | €487,199 | -€20,912 | -4.1% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €477,545 | €467,699 | -€9,846 | -2.1% |
| Non-distributable reserves | 130/1 | €1,950 | €1,950 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,950 | €1,950 | = | 0.0% |
| Tax-exempt reserves | 132 | €154,350 | €142,035 | -€12,314 | -8.0% |
| Distributable reserves | 133 | €321,245 | €323,713 | +€2,468 | +0.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €11,065 | €0 | -€11,065 | -100.0% |
| Provisions and deferred taxes | 16 | €51,450 | €47,345 | -€4,105 | -8.0% |
| Deferred taxes | 168 | €51,450 | €47,345 | -€4,105 | -8.0% |
| Amounts payable | 17/49 | €1,625,859 | €1,228,852 | -€397,007 | -24.4% |
| Amounts payable after more than one year | 17 | €591,685 | €118,353 | -€473,332 | -80.0% |
| Financial debts | 170/4 | €591,685 | €118,353 | -€473,332 | -80.0% |
| Amounts payable within one year | 42/48 | €1,032,674 | €1,108,999 | +€76,325 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €473,332 | €473,332 | = | 0.0% |
| Trade debts | 44 | €421,987 | €279,517 | -€142,469 | -33.8% |
| Suppliers | 440/4 | €421,987 | €279,517 | -€142,469 | -33.8% |
| Taxes, remuneration and social security | 45 | €17,355 | €59,150 | +€41,795 | +240.8% |
| Taxes | 450/3 | €17,355 | €59,150 | +€41,795 | +240.8% |
| Other amounts payable | 47/48 | €120,000 | €297,000 | +€177,000 | +147.5% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Non-recurring operating income | 76A | €104,105 | - | -€104,105 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €490,628 | €493,494 | +€2,866 | +0.6% |
| Other operating charges | 640/8 | €1,829 | €1,274 | -€555 | -30.3% |
| Gross operating margin | 9900 | €687,053 | €915,710 | +€228,657 | +33.3% |
| Operating profit (loss) | 9901 | €194,596 | €420,942 | +€226,345 | +116.3% |
| Financial income | 75/76B | €22,251 | €13,123 | -€9,128 | -41.0% |
| Recurring financial income | 75 | €22,251 | €13,123 | -€9,128 | -41.0% |
| Financial charges | 65/66B | €77,866 | €50,827 | -€27,039 | -34.7% |
| Recurring financial charges | 65 | €77,866 | €50,827 | -€27,039 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €138,981 | €383,237 | +€244,256 | +175.7% |
| Transfer from deferred taxes | 780 | €4,105 | €4,105 | = | 0.0% |
| Income taxes | 67/77 | €35,177 | €100,188 | +€65,011 | +184.8% |
| Profit (loss) for the period | 9904 | €107,909 | €287,154 | +€179,245 | +166.1% |
| Transfer from tax-exempt reserves | 789 | €12,314 | €12,314 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €120,223 | €299,468 | +€179,245 | +149.1% |
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 8 October 2026 via checked.be.