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
- Receivables within one year +€455,405
up €455,405 (+82.7%), from €550,569 to €1.0m
of which Trade receivables: +€467,091
- Cash -€29,543
down €29,543 (-83.8%), from €35,241 to €5,698
mainly Receivables within one year (-€455,405) and Short-term financial debts (-€1,527)
- Trade debts +€410,727
up €410,727 (+84.1%), from €488,639 to €899,366
- Profit (loss) carried forward +€12,660
up €12,660 (+42.9%), from €29,544 to €42,205
- Purchases and services -€1.5m
no longer reported in 2024 (was €1.5m)
- Gross operating margin -€46,776
down €46,776, from €41,325 to -€5,451
- Financial charges -€22,376
down €22,376 (-91.1%), from €24,555 to €2,180
- Financial income +€21,395
up €21,395 (+310%), from €6,912 to €28,307
- Taxes +€6,830
new in 2024: €6,830
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €585,910 | €1,011,772 | +€425,862 | +72.7% |
| Fixed assets | 21/28 | €99 | €99 | = | 0.0% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €585,811 | €1,011,673 | +€425,862 | +72.7% |
| Amounts receivable within one year | 40/41 | €550,569 | €1,005,975 | +€455,405 | +82.7% |
| Trade receivables | 40 | €168,436 | €635,527 | +€467,091 | +277% |
| Other amounts receivable | 41 | €382,133 | €370,448 | -€11,685 | -3.1% |
| Cash at bank and in hand | 54/58 | €35,241 | €5,698 | -€29,543 | -83.8% |
| Total equity and liabilities | 10/49 | €585,910 | €1,011,772 | +€425,862 | +72.7% |
| Equity | 10/15 | €47,899 | €60,560 | +€12,660 | +26.4% |
| Contributions | 10/11 | €16,495 | €16,495 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,544 | €42,205 | +€12,660 | +42.9% |
| Amounts payable | 17/49 | €538,011 | €951,212 | +€413,201 | +76.8% |
| Amounts payable within one year | 42/48 | €538,011 | €951,212 | +€413,201 | +76.8% |
| Financial debts | 43 | €1,527 | - | -€1,527 | |
| Other loans | 439 | €1,527 | - | -€1,527 | |
| Trade debts | 44 | €488,639 | €899,366 | +€410,727 | +84.1% |
| Suppliers | 440/4 | €488,639 | €899,366 | +€410,727 | +84.1% |
| Taxes, remuneration and social security | 45 | €5,037 | €9,038 | +€4,002 | +79.4% |
| Taxes | 450/3 | €5,037 | €9,038 | +€4,002 | +79.4% |
| Other amounts payable | 47/48 | €42,808 | €42,808 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,452,845 | - | -€1.5m | |
| Other operating charges | 640/8 | €3,610 | €1,187 | -€2,423 | -67.1% |
| Gross operating margin | 9900 | €41,325 | -€5,451 | -€46,776 | |
| Operating profit (loss) | 9901 | €37,715 | -€6,638 | -€44,352 | |
| Financial income | 75/76B | €6,912 | €28,307 | +€21,395 | +310% |
| Recurring financial income | 75 | €6,912 | €28,307 | +€21,395 | +310% |
| Financial charges | 65/66B | €24,555 | €2,180 | -€22,376 | -91.1% |
| Recurring financial charges | 65 | €24,555 | €2,180 | -€22,376 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | €20,072 | €19,490 | -€582 | -2.9% |
| Income taxes | 67/77 | - | €6,830 | +€6,830 | |
| Profit (loss) for the period | 9904 | €20,072 | €12,660 | -€7,411 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,072 | €12,660 | -€7,411 | -36.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.