SOTRACAR: 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.
SOTRACAR
Largest movements
- Receivables within one year +€29,901
up €29,901 (+50.3%), from €59,499 to €89,400
of which Trade receivables: +€27,336
- Cash -€10,473
down €10,473 (-7.4%), from €141,430 to €130,957
mainly Investment in fixed assets (net) (-€35,474) and Receivables within one year (-€29,901)
- Stocks and contracts -€9,886
down €9,886 (-22.3%), from €44,310 to €34,424
of which Contracts in progress: -€11,016
- Trade debts -€25,475
down €25,475 (-80.8%), from €31,538 to €6,063
- Current portion of long-term debt +€10,840
up €10,840 (+119%), from €9,138 to €19,978
- Other debts +€10,100
up €10,100, from €0 to €10,100
- Profit (loss) carried forward +€5,669
up €5,669 (+4.1%), from €138,187 to €143,856
- Debts after one year +€4,492
up €4,492 (+16.8%), from €26,692 to €31,184
- Gross operating margin +€109,852
up €109,852 (+28.8%), from €381,434 to €491,286
- Staff costs +€71,316
up €71,316 (+19.2%), from €370,656 to €441,973
- Depreciation +€7,197
up €7,197 (+24.4%), from €29,496 to €36,693
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 | €326,140 | €335,334 | +€9,194 | +2.8% |
| Fixed assets | 21/28 | €73,360 | €72,141 | -€1,219 | -1.7% |
| Tangible fixed assets | 22/27 | €69,014 | €67,795 | -€1,219 | -1.8% |
| Plant, machinery and equipment | 23 | €812 | €433 | -€380 | -46.7% |
| Furniture and vehicles | 24 | €30,435 | €15,089 | -€15,347 | -50.4% |
| Leasing and similar rights | 25 | €35,889 | €50,842 | +€14,952 | +41.7% |
| Other tangible fixed assets | 26 | €1,877 | €1,432 | -€445 | -23.7% |
| Financial fixed assets | 28 | €4,346 | €4,346 | = | 0.0% |
| Current assets | 29/58 | €252,781 | €263,194 | +€10,413 | +4.1% |
| Stocks and contracts in progress | 3 | €44,310 | €34,424 | -€9,886 | -22.3% |
| Stocks | 30/36 | €33,294 | €34,424 | +€1,130 | +3.4% |
| Contracts in progress | 37 | €11,016 | €0 | -€11,016 | -100% |
| Amounts receivable within one year | 40/41 | €59,499 | €89,400 | +€29,901 | +50.3% |
| Trade receivables | 40 | €49,499 | €76,835 | +€27,336 | +55.2% |
| Other amounts receivable | 41 | €10,000 | €12,565 | +€2,565 | +25.7% |
| Cash at bank and in hand | 54/58 | €141,430 | €130,957 | -€10,473 | -7.4% |
| Deferred charges and accrued income | 490/1 | €7,541 | €8,413 | +€871 | +11.6% |
| Total equity and liabilities | 10/49 | €326,140 | €335,334 | +€9,194 | +2.8% |
| Equity | 10/15 | €235,564 | €241,233 | +€5,669 | +2.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €35,877 | €35,877 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,727 | €29,727 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,187 | €143,856 | +€5,669 | +4.1% |
| Amounts payable | 17/49 | €90,576 | €94,101 | +€3,525 | +3.9% |
| Amounts payable after more than one year | 17 | €26,692 | €31,184 | +€4,492 | +16.8% |
| Financial debts | 170/4 | €26,692 | €31,184 | +€4,492 | +16.8% |
| Amounts payable within one year | 42/48 | €63,884 | €62,917 | -€967 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €9,138 | €19,978 | +€10,840 | +119% |
| Trade debts | 44 | €31,538 | €6,063 | -€25,475 | -80.8% |
| Suppliers | 440/4 | €31,538 | €6,063 | -€25,475 | -80.8% |
| Taxes, remuneration and social security | 45 | €23,208 | €26,777 | +€3,568 | +15.4% |
| Taxes | 450/3 | €20,797 | €504 | -€20,294 | -97.6% |
| Remuneration and social security | 454/9 | €2,411 | €26,273 | +€23,862 | +990% |
| Other amounts payable | 47/48 | €0 | €10,100 | +€10,100 | |
| Remuneration, social security and pensions | 62 | €370,656 | €441,973 | +€71,316 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,496 | €36,693 | +€7,197 | +24.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,196 | €1,348 | +€153 | +12.8% |
| Gross operating margin | 9900 | €381,434 | €491,286 | +€109,852 | +28.8% |
| Operating profit (loss) | 9901 | -€19,915 | €11,272 | +€31,187 | |
| Financial income | 75/76B | €9,650 | €11,351 | +€1,701 | +17.6% |
| Recurring financial income | 75 | €9,650 | €11,351 | +€1,701 | +17.6% |
| Financial charges | 65/66B | €3,710 | €2,865 | -€845 | -22.8% |
| Recurring financial charges | 65 | €3,710 | €2,865 | -€845 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,974 | €19,757 | +€33,732 | |
| Income taxes | 67/77 | €485 | €4,088 | +€3,603 | +743% |
| Profit (loss) for the period | 9904 | -€14,459 | €15,669 | +€30,128 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,459 | €15,669 | +€30,128 |
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 27 October 2026 via checked.be.