SOTRAC: 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.
SOTRAC
Largest movements
- Tangible fixed assets +€25,780
up €25,780 (+13.7%), from €187,916 to €213,696
of which Other tangible fixed assets: +€34,281
- Cash -€24,134
down €24,134 (-45.7%), from €52,804 to €28,670
mainly Investment in fixed assets (net) (-€58,521) and Trade debts (-€21,165)
- Current investments -€4,014
down €4,014 (-6.3%), from €63,621 to €59,607
- Trade debts -€21,165
down €21,165 (-91.1%), from €23,226 to €2,060
- Reserves +€18,227
up €18,227 (+27.5%), from €66,380 to €84,607
- Debts after one year -€6,161
down €6,161 (-38.0%), from €16,204 to €10,043
of which Financial debts: -€6,161
- Tax, wage and social debts +€3,289
up €3,289 (+22.3%), from €14,746 to €18,035
of which Taxes: +€2,948
- Gross operating margin +€7,775
up €7,775 (+9.9%), from €78,913 to €86,688
- Financial income -€5,142
down €5,142 (-93.2%), from €5,517 to €375
- Staff costs +€5,135
new in 2025: €5,135
- Depreciation +€2,952
up €2,952 (+9.9%), from €29,789 to €32,741
- Taxes -€2,804
down €2,804 (-19.0%), from €14,758 to €11,954
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 | €307,491 | €305,139 | -€2,352 | -0.8% |
| Fixed assets | 21/28 | €187,916 | €213,696 | +€25,780 | +13.7% |
| Tangible fixed assets | 22/27 | €187,916 | €213,696 | +€25,780 | +13.7% |
| Land and buildings | 22 | €32,226 | €32,226 | = | 0.0% |
| Furniture and vehicles | 24 | €26,118 | €17,617 | -€8,500 | -32.5% |
| Other tangible fixed assets | 26 | €129,572 | €163,853 | +€34,281 | +26.5% |
| Current assets | 29/58 | €119,576 | €91,443 | -€28,132 | -23.5% |
| Current investments | 50/53 | €63,621 | €59,607 | -€4,014 | -6.3% |
| Cash at bank and in hand | 54/58 | €52,804 | €28,670 | -€24,134 | -45.7% |
| Deferred charges and accrued income | 490/1 | €3,150 | €3,166 | +€16 | +0.5% |
| Total equity and liabilities | 10/49 | €307,491 | €305,139 | -€2,352 | -0.8% |
| Equity | 10/15 | €245,251 | €263,679 | +€18,429 | +7.5% |
| Contributions | 10/11 | €23,600 | €23,600 | = | 0.0% |
| Reserves | 13 | €66,380 | €84,607 | +€18,227 | +27.5% |
| Distributable reserves | 133 | €66,380 | €84,607 | +€18,227 | +27.5% |
| Profit (loss) carried forward | 14 | €155,271 | €155,472 | +€201 | +0.1% |
| Amounts payable | 17/49 | €62,240 | €41,460 | -€20,780 | -33.4% |
| Amounts payable after more than one year | 17 | €16,204 | €10,043 | -€6,161 | -38.0% |
| Financial debts | 170/4 | €14,791 | €8,630 | -€6,161 | -41.7% |
| Other amounts payable | 178/9 | €1,413 | €1,413 | = | 0.0% |
| Amounts payable within one year | 42/48 | €44,027 | €27,315 | -€16,712 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €5,905 | €6,161 | +€255 | +4.3% |
| Trade debts | 44 | €23,226 | €2,060 | -€21,165 | -91.1% |
| Suppliers | 440/4 | €23,226 | €2,060 | -€21,165 | -91.1% |
| Taxes, remuneration and social security | 45 | €14,746 | €18,035 | +€3,289 | +22.3% |
| Taxes | 450/3 | €14,746 | €17,694 | +€2,948 | +20.0% |
| Remuneration and social security | 454/9 | - | €341 | +€341 | |
| Other amounts payable | 47/48 | €151 | €1,060 | +€909 | +604% |
| Accrued charges and deferred income | 492/3 | €2,010 | €4,102 | +€2,092 | +104% |
| Non-recurring operating income | 76A | - | €6,000 | +€6,000 | |
| Remuneration, social security and pensions | 62 | - | €5,135 | +€5,135 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,789 | €32,741 | +€2,952 | +9.9% |
| Other operating charges | 640/8 | €9,876 | €10,608 | +€732 | +7.4% |
| Gross operating margin | 9900 | €78,913 | €86,688 | +€7,775 | +9.9% |
| Operating profit (loss) | 9901 | €39,248 | €38,204 | -€1,044 | -2.7% |
| Financial income | 75/76B | €5,517 | €375 | -€5,142 | -93.2% |
| Recurring financial income | 75 | €5,517 | €375 | -€5,142 | -93.2% |
| Financial charges | 65/66B | €1,054 | €925 | -€129 | -12.3% |
| Recurring financial charges | 65 | €1,054 | €925 | -€129 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €43,712 | €37,655 | -€6,057 | -13.9% |
| Income taxes | 67/77 | €14,758 | €11,954 | -€2,804 | -19.0% |
| Profit (loss) for the period | 9904 | €28,954 | €25,701 | -€3,252 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,954 | €25,701 | -€3,252 | -11.2% |
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.