SOTRATECH: 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.
SOTRATECH
Largest movements
- Stocks and contracts -€37,804
down €37,804 (-91.5%), from €41,301 to €3,497
- Receivables within one year +€17,524
up €17,524 (+14.2%), from €123,080 to €140,604
of which Trade receivables: +€33,625
- Tangible fixed assets +€15,960
up €15,960 (+78.0%), from €20,470 to €36,430
of which Furniture and vehicles: +€17,306
- Profit (loss) carried forward -€32,981
down €32,981 (-24.0%), from €137,530 to €104,549
- Reserves +€30,000
new in 2024: €30,000
- Trade debts +€12,192
up €12,192 (+31.5%), from €38,670 to €50,862
- Tax, wage and social debts -€8,913
down €8,913 (-8.3%), from €107,929 to €99,016
of which Remuneration and social security: -€50,640
- Other debts -€6,371
down €6,371 (-99.9%), from €6,377 to €6
- Gross operating margin +€109,324
up €109,324 (+34.8%), from €314,379 to €423,704
- Taxes +€52,864
up €52,864 (+121,248%), from €44 to €52,908
- Staff costs +€25,879
up €25,879 (+9.5%), from €271,466 to €297,345
- Depreciation +€7,746
up €7,746 (+188%), from €4,127 to €11,873
- Other operating charges +€7,644
up €7,644 (+317%), from €2,412 to €10,057
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 | €309,105 | €303,032 | -€6,072 | -2.0% |
| Fixed assets | 21/28 | €20,470 | €36,430 | +€15,960 | +78.0% |
| Tangible fixed assets | 22/27 | €20,470 | €36,430 | +€15,960 | +78.0% |
| Plant, machinery and equipment | 23 | €5,161 | €3,815 | -€1,345 | -26.1% |
| Furniture and vehicles | 24 | €15,309 | €32,615 | +€17,306 | +113% |
| Current assets | 29/58 | €288,635 | €266,602 | -€22,033 | -7.6% |
| Stocks and contracts in progress | 3 | €41,301 | €3,497 | -€37,804 | -91.5% |
| Stocks | 30/36 | €41,301 | €3,497 | -€37,804 | -91.5% |
| Amounts receivable within one year | 40/41 | €123,080 | €140,604 | +€17,524 | +14.2% |
| Trade receivables | 40 | €106,979 | €140,604 | +€33,625 | +31.4% |
| Other amounts receivable | 41 | €16,101 | - | -€16,101 | |
| Cash at bank and in hand | 54/58 | €124,253 | €122,501 | -€1,753 | -1.4% |
| Total equity and liabilities | 10/49 | €309,105 | €303,032 | -€6,072 | -2.0% |
| Equity | 10/15 | €156,130 | €153,149 | -€2,981 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | - | €30,000 | +€30,000 | |
| Non-distributable reserves | 130/1 | - | €30,000 | +€30,000 | |
| Reserves not available under the articles | 1311 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | €137,530 | €104,549 | -€32,981 | -24.0% |
| Amounts payable | 17/49 | €152,975 | €149,883 | -€3,092 | -2.0% |
| Amounts payable within one year | 42/48 | €152,975 | €149,883 | -€3,092 | -2.0% |
| Trade debts | 44 | €38,670 | €50,862 | +€12,192 | +31.5% |
| Suppliers | 440/4 | €38,670 | €50,862 | +€12,192 | +31.5% |
| Taxes, remuneration and social security | 45 | €107,929 | €99,016 | -€8,913 | -8.3% |
| Taxes | 450/3 | €6,289 | €48,015 | +€41,726 | +664% |
| Remuneration and social security | 454/9 | €101,640 | €51,000 | -€50,640 | -49.8% |
| Other amounts payable | 47/48 | €6,377 | €6 | -€6,371 | -99.9% |
| Remuneration, social security and pensions | 62 | €271,466 | €297,345 | +€25,879 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,127 | €11,873 | +€7,746 | +188% |
| Other operating charges | 640/8 | €2,412 | €10,057 | +€7,644 | +317% |
| Gross operating margin | 9900 | €314,379 | €423,704 | +€109,324 | +34.8% |
| Operating profit (loss) | 9901 | €36,374 | €104,430 | +€68,056 | +187% |
| Financial income | 75/76B | €1 | €7 | +€6 | +596% |
| Recurring financial income | 75 | €1 | €7 | +€6 | +596% |
| Financial charges | 65/66B | €175 | €1,345 | +€1,170 | +668% |
| Recurring financial charges | 65 | €175 | €1,345 | +€1,170 | +668% |
| Profit (loss) for the period before taxes | 9903 | €36,200 | €103,091 | +€66,891 | +185% |
| Income taxes | 67/77 | €44 | €52,908 | +€52,864 | +121,248% |
| Profit (loss) for the period | 9904 | €36,156 | €50,184 | +€14,027 | +38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,156 | €50,184 | +€14,027 | +38.8% |
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 17 October 2026 via checked.be.