SOTRACO: 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.
SOTRACO
Largest movements
- Current investments +€1.5m
up €1.5m (+303%), from €504,142 to €2.0m
- Stocks and contracts +€1.2m
up €1.2m (+122%), from €992,876 to €2.2m
- Cash -€1.0m
down €1.0m (-74.7%), from €1.4m to €347,426
mainly Current investments (-€1.5m) and Stocks and contracts (-€1.2m)
- Tangible fixed assets +€152,911
up €152,911 (+64.4%), from €237,415 to €390,326
of which Other tangible fixed assets: +€105,284
- Profit (loss) carried forward +€1.0m
up €1.0m (+51.9%), from €1.9m to €2.9m
- Reserves +€804,110
up €804,110 (+58.8%), from €1.4m to €2.2m
of which Tax-exempt reserves: +€698,860
- Trade debts +€527,194
up €527,194 (+68.5%), from €769,829 to €1.3m
- Other debts -€357,563
down €357,563 (-64.5%), from €554,156 to €196,593
- Advances received -€203,966
no longer reported in 2025 (was €203,966)
- Gross operating margin +€852,221
up €852,221 (+34.8%), from €2.4m to €3.3m
- Taxes +€220,070
up €220,070 (+44.7%), from €491,934 to €712,004
- Staff costs +€196,263
up €196,263 (+112%), from €174,899 to €371,162
- Financial charges +€42,553
up €42,553 (+121%), from €35,176 to €77,729
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 | €4,979,594 | €6,829,440 | +€1.8m | +37.1% |
| Fixed assets | 21/28 | €243,887 | €394,227 | +€150,341 | +61.6% |
| Intangible fixed assets | 21 | €6,472 | €3,901 | -€2,571 | -39.7% |
| Tangible fixed assets | 22/27 | €237,415 | €390,326 | +€152,911 | +64.4% |
| Plant, machinery and equipment | 23 | €85,896 | €82,925 | -€2,972 | -3.5% |
| Furniture and vehicles | 24 | €106,487 | €157,085 | +€50,599 | +47.5% |
| Other tangible fixed assets | 26 | €45,032 | €150,316 | +€105,284 | +234% |
| Current assets | 29/58 | €4,735,707 | €6,435,213 | +€1.7m | +35.9% |
| Amounts receivable after more than one year | 29 | €1,700,000 | €1,700,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,700,000 | €1,700,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €992,876 | €2,206,750 | +€1.2m | +122% |
| Stocks | 30/36 | €992,876 | €2,206,750 | +€1.2m | +122% |
| Amounts receivable within one year | 40/41 | €87,249 | €62,327 | -€24,922 | -28.6% |
| Trade receivables | 40 | €86,433 | €61,488 | -€24,945 | -28.9% |
| Other amounts receivable | 41 | €816 | €839 | +€23 | +2.9% |
| Current investments | 50/53 | €504,142 | €2,032,049 | +€1.5m | +303% |
| Cash at bank and in hand | 54/58 | €1,374,709 | €347,426 | -€1.0m | -74.7% |
| Deferred charges and accrued income | 490/1 | €76,732 | €86,662 | +€9,930 | +12.9% |
| Total equity and liabilities | 10/49 | €4,979,594 | €6,829,440 | +€1.8m | +37.1% |
| Equity | 10/15 | €3,307,398 | €5,116,807 | +€1.8m | +54.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,368,250 | €2,172,360 | +€804,110 | +58.8% |
| Tax-exempt reserves | 132 | €1,368,250 | €2,067,110 | +€698,860 | +51.1% |
| Distributable reserves | 133 | - | €105,250 | +€105,250 | |
| Profit (loss) carried forward | 14 | €1,938,148 | €2,943,447 | +€1.0m | +51.9% |
| Amounts payable | 17/49 | €1,672,196 | €1,712,634 | +€40,438 | +2.4% |
| Amounts payable within one year | 42/48 | €1,670,196 | €1,710,634 | +€40,438 | +2.4% |
| Trade debts | 44 | €769,829 | €1,297,023 | +€527,194 | +68.5% |
| Suppliers | 440/4 | €769,829 | €1,297,023 | +€527,194 | +68.5% |
| Advances received on contracts in progress | 46 | €203,966 | - | -€203,966 | |
| Taxes, remuneration and social security | 45 | €142,246 | €217,018 | +€74,772 | +52.6% |
| Taxes | 450/3 | €127,910 | €156,884 | +€28,974 | +22.7% |
| Remuneration and social security | 454/9 | €14,336 | €60,134 | +€45,798 | +319% |
| Other amounts payable | 47/48 | €554,156 | €196,593 | -€357,563 | -64.5% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Non-recurring operating income | 76A | €18,235 | - | -€18,235 | |
| Remuneration, social security and pensions | 62 | €174,899 | €371,162 | +€196,263 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,363 | €86,932 | +€31,569 | +57.0% |
| Other operating charges | 640/8 | €1,738 | €18,600 | +€16,862 | +970% |
| Gross operating margin | 9900 | €2,447,815 | €3,300,036 | +€852,221 | +34.8% |
| Operating profit (loss) | 9901 | €2,215,815 | €2,823,342 | +€607,527 | +27.4% |
| Financial income | 75/76B | €93,895 | €111,094 | +€17,199 | +18.3% |
| Recurring financial income | 75 | €93,895 | €111,094 | +€17,199 | +18.3% |
| Financial charges | 65/66B | €35,176 | €77,729 | +€42,553 | +121% |
| Recurring financial charges | 65 | €35,176 | €77,729 | +€42,553 | +121% |
| Profit (loss) for the period before taxes | 9903 | €2,274,534 | €2,856,706 | +€582,172 | +25.6% |
| Income taxes | 67/77 | €491,934 | €712,004 | +€220,070 | +44.7% |
| Profit (loss) for the period | 9904 | €1,782,600 | €2,144,703 | +€362,103 | +20.3% |
| Transfer to tax-exempt reserves | 689 | €631,500 | €804,110 | +€172,610 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,151,100 | €1,340,593 | +€189,493 | +16.5% |
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.