SOTRALOC: what changed
Two fiscal 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.
SOTRALOC
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€82,504
down €82,504 (-55.3%), from €149,223 to €66,718
mainly Current investments (-€100,000) and Deferred charges and accrued income (-€6,946)
- Tangible fixed assets -€18,129
down €18,129 (-51.0%), from €35,565 to €17,436
of which Plant, machinery and equipment: -€9,600
- Deferred charges and accrued income +€6,946
new in 2025: €6,946
- Receivables within one year +€4,012
up €4,012 (+41.3%), from €9,715 to €13,728
of which Trade receivables: +€7,340
- Profit (loss) carried forward +€12,917
up €12,917 (+82.5%), from -€15,662 to -€2,745
- Trade debts -€2,612
down €2,612 (-89.5%), from €2,920 to €308
- Depreciation -€28,688
down €28,688 (-61.6%), from €46,594 to €17,906
- Gross operating margin +€14,790
up €14,790 (+84.7%), from €17,457 to €32,247
- Other operating charges +€589
up €589 (+73.9%), from €796 to €1,385
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.
Cash bridge derived
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 | €194,503 | €204,828 | +€10,325 | +5.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €35,565 | €17,436 | -€18,129 | -51.0% |
| Tangible fixed assets | 22/27 | €35,565 | €17,436 | -€18,129 | -51.0% |
| Plant, machinery and equipment | 23 | €19,200 | €9,600 | -€9,600 | -50.0% |
| Furniture and vehicles | 24 | €16,365 | €7,836 | -€8,529 | -52.1% |
| Current assets | 29/58 | €158,938 | €187,391 | +€28,453 | +17.9% |
| Amounts receivable within one year | 40/41 | €9,715 | €13,728 | +€4,012 | +41.3% |
| Trade receivables | 40 | €2,850 | €10,190 | +€7,340 | +257.5% |
| Other amounts receivable | 41 | €6,865 | €3,538 | -€3,328 | -48.5% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €149,223 | €66,718 | -€82,504 | -55.3% |
| Deferred charges and accrued income | 490/1 | - | €6,946 | +€6,946 | |
| Total equity and liabilities | 10/49 | €194,503 | €204,828 | +€10,325 | +5.3% |
| Equity | 10/15 | €184,338 | €197,255 | +€12,917 | +7.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,662 | -€2,745 | +€12,917 | +82.5% |
| Amounts payable | 17/49 | €10,165 | €7,573 | -€2,592 | -25.5% |
| Amounts payable within one year | 42/48 | €9,915 | €7,323 | -€2,592 | -26.1% |
| Trade debts | 44 | €2,920 | €308 | -€2,612 | -89.5% |
| Suppliers | 440/4 | €2,920 | €308 | -€2,612 | -89.5% |
| Other amounts payable | 47/48 | €6,994 | €7,015 | +€20 | +0.3% |
| Accrued charges and deferred income | 492/3 | €250 | €250 | = | 0.0% |
| Non-recurring operating income | 76A | - | €8,778 | +€8,778 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,594 | €17,906 | -€28,688 | -61.6% |
| Other operating charges | 640/8 | €796 | €1,385 | +€589 | +73.9% |
| Gross operating margin | 9900 | €17,457 | €32,247 | +€14,790 | +84.7% |
| Operating profit (loss) | 9901 | -€29,934 | €12,956 | +€42,890 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | -€5 | €39 | +€44 | |
| Recurring financial charges | 65 | -€5 | €39 | +€44 | |
| Profit (loss) for the period before taxes | 9903 | -€29,929 | €12,917 | +€42,846 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€29,929 | €12,917 | +€42,846 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,929 | €12,917 | +€42,846 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.