SOTRACOM: 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.
SOTRACOM
Largest movements
- Tangible fixed assets +€566,326
up €566,326 (+1,027%), from €55,129 to €621,454
- Cash -€69,181
down €69,181 (-95.1%), from €72,709 to €3,528
mainly Investment in fixed assets (net) (-€588,940) and Receivables within one year (-€63,968)
- Receivables within one year +€63,968
up €63,968 (+467%), from €13,698 to €77,666
of which Other amounts receivable: +€71,704
- Deferred charges and accrued income +€11,350
up €11,350 (+270%), from €4,200 to €15,550
- Debts after one year +€584,100
new in 2024: €584,100
- Trade debts -€9,066
down €9,066 (-69.3%), from €13,085 to €4,020
- Other debts +€7,606
up €7,606 (+1,502%), from €506 to €8,112
- Depreciation +€10,183
up €10,183 (+81.9%), from €12,432 to €22,615
- Taxes -€1,905
down €1,905 (-98.6%), from €1,933 to €28
- Financial charges +€666
up €666 (+220%), from €303 to €969
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 | €145,736 | €718,199 | +€572,463 | +393% |
| Fixed assets | 21/28 | €55,129 | €621,454 | +€566,326 | +1,027% |
| Tangible fixed assets | 22/27 | €55,129 | €621,454 | +€566,326 | +1,027% |
| Land and buildings | 22 | €55,129 | €621,454 | +€566,326 | +1,027% |
| Current assets | 29/58 | €90,607 | €96,745 | +€6,137 | +6.8% |
| Amounts receivable within one year | 40/41 | €13,698 | €77,666 | +€63,968 | +467% |
| Trade receivables | 40 | €8,903 | €1,168 | -€7,736 | -86.9% |
| Other amounts receivable | 41 | €4,795 | €76,499 | +€71,704 | +1,495% |
| Cash at bank and in hand | 54/58 | €72,709 | €3,528 | -€69,181 | -95.1% |
| Deferred charges and accrued income | 490/1 | €4,200 | €15,550 | +€11,350 | +270% |
| Total equity and liabilities | 10/49 | €145,736 | €718,199 | +€572,463 | +393% |
| Equity | 10/15 | €125,932 | €119,767 | -€6,164 | -4.9% |
| Contributions | 10/11 | €6,696 | €6,696 | = | 0.0% |
| Reserves | 13 | €119,236 | €119,236 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,360 | €2,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,360 | €2,360 | = | 0.0% |
| Distributable reserves | 133 | €116,876 | €116,876 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,164 | -€6,164 | |
| Amounts payable | 17/49 | €19,804 | €598,432 | +€578,627 | +2,922% |
| Amounts payable after more than one year | 17 | - | €584,100 | +€584,100 | |
| Financial debts | 170/4 | - | €584,100 | +€584,100 | |
| Amounts payable within one year | 42/48 | €19,804 | €14,332 | -€5,473 | -27.6% |
| Trade debts | 44 | €13,085 | €4,020 | -€9,066 | -69.3% |
| Suppliers | 440/4 | €13,085 | €4,020 | -€9,066 | -69.3% |
| Taxes, remuneration and social security | 45 | €6,213 | €2,200 | -€4,013 | -64.6% |
| Taxes | 450/3 | €6,213 | €2,200 | -€4,013 | -64.6% |
| Other amounts payable | 47/48 | €506 | €8,112 | +€7,606 | +1,502% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,432 | €22,615 | +€10,183 | +81.9% |
| Other operating charges | 640/8 | €2,348 | €2,490 | +€142 | +6.0% |
| Gross operating margin | 9900 | €19,685 | €19,830 | +€146 | +0.7% |
| Operating profit (loss) | 9901 | €4,905 | -€5,275 | -€10,179 | |
| Financial income | 75/76B | €68 | €107 | +€39 | +57.7% |
| Recurring financial income | 75 | €68 | €107 | +€39 | +57.7% |
| Financial charges | 65/66B | €303 | €969 | +€666 | +220% |
| Recurring financial charges | 65 | €303 | €969 | +€666 | +220% |
| Profit (loss) for the period before taxes | 9903 | €4,670 | -€6,137 | -€10,806 | |
| Transfer from deferred taxes | 780 | €976 | - | -€976 | |
| Income taxes | 67/77 | €1,933 | €28 | -€1,905 | -98.6% |
| Profit (loss) for the period | 9904 | €3,712 | -€6,164 | -€9,877 | |
| Transfer from tax-exempt reserves | 789 | €2,927 | - | -€2,927 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,639 | -€6,164 | -€12,804 |
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 27 October 2026 via checked.be.