SOTRAVIM: 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.
SOTRAVIM
Largest movements
- Tangible fixed assets +€13,231
up €13,231 (+3,077%), from €430 to €13,661
- Other debts +€64,520
up €64,520 (+13,442%), from €480 to €65,000
- Reserves -€48,987
down €48,987 (-24.0%), from €204,490 to €155,503
of which Distributable reserves: -€48,987
- Tax, wage and social debts -€17,163
down €17,163 (-61.8%), from €27,753 to €10,590
- Short-term financial debts +€12,107
new in 2025: €12,107
- Gross operating margin +€7,199
up €7,199 (+40.3%), from €17,868 to €25,067
- Depreciation +€4,634
up €4,634 (+866%), from €535 to €5,169
- Financial income -€1,191
down €1,191 (-10.3%), from €11,604 to €10,413
- Taxes +€696
up €696 (+7.1%), from €9,853 to €10,549
- Financial charges +€589
up €589 (+33.1%), from €1,781 to €2,370
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 | €334,600 | €347,246 | +€12,646 | +3.8% |
| Fixed assets | 21/28 | €430 | €13,661 | +€13,231 | +3,077% |
| Tangible fixed assets | 22/27 | €430 | €13,661 | +€13,231 | +3,077% |
| Furniture and vehicles | 24 | €430 | €13,661 | +€13,231 | +3,077% |
| Current assets | 29/58 | €334,170 | €333,585 | -€585 | -0.2% |
| Amounts receivable within one year | 40/41 | €332,884 | €332,635 | -€249 | -0.1% |
| Trade receivables | 40 | €31,332 | €61,065 | +€29,733 | +94.9% |
| Other amounts receivable | 41 | €301,552 | €271,570 | -€29,982 | -9.9% |
| Cash at bank and in hand | 54/58 | €1,286 | €330 | -€956 | -74.3% |
| Deferred charges and accrued income | 490/1 | - | €620 | +€620 | |
| Total equity and liabilities | 10/49 | €334,600 | €347,246 | +€12,646 | +3.8% |
| Equity | 10/15 | €223,140 | €174,153 | -€48,987 | -22.0% |
| Contributions | 10/11 | €18,650 | €18,650 | = | 0.0% |
| Reserves | 13 | €204,490 | €155,503 | -€48,987 | -24.0% |
| Tax-exempt reserves | 132 | €5,500 | €5,500 | = | 0.0% |
| Distributable reserves | 133 | €198,990 | €150,003 | -€48,987 | -24.6% |
| Amounts payable | 17/49 | €111,460 | €173,093 | +€61,633 | +55.3% |
| Amounts payable within one year | 42/48 | €111,460 | €173,093 | +€61,633 | +55.3% |
| Financial debts | 43 | - | €12,107 | +€12,107 | |
| Credit institutions | 430/8 | - | €12,107 | +€12,107 | |
| Trade debts | 44 | €83,227 | €85,396 | +€2,169 | +2.6% |
| Suppliers | 440/4 | €83,227 | €85,396 | +€2,169 | +2.6% |
| Taxes, remuneration and social security | 45 | €27,753 | €10,590 | -€17,163 | -61.8% |
| Taxes | 450/3 | €27,753 | €10,590 | -€17,163 | -61.8% |
| Other amounts payable | 47/48 | €480 | €65,000 | +€64,520 | +13,442% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €535 | €5,169 | +€4,634 | +866% |
| Other operating charges | 640/8 | €591 | €1,091 | +€500 | +84.6% |
| Non-recurring operating charges | 66A | - | €288 | +€288 | |
| Gross operating margin | 9900 | €17,868 | €25,067 | +€7,199 | +40.3% |
| Operating profit (loss) | 9901 | €16,742 | €18,519 | +€1,777 | +10.6% |
| Financial income | 75/76B | €11,604 | €10,413 | -€1,191 | -10.3% |
| Recurring financial income | 75 | €11,604 | €10,413 | -€1,191 | -10.3% |
| Financial charges | 65/66B | €1,781 | €2,370 | +€589 | +33.1% |
| Recurring financial charges | 65 | €1,781 | €2,370 | +€589 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | €26,565 | €26,562 | -€3 | 0.0% |
| Income taxes | 67/77 | €9,853 | €10,549 | +€696 | +7.1% |
| Profit (loss) for the period | 9904 | €16,712 | €16,013 | -€699 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,712 | €16,013 | -€699 | -4.2% |
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 20 October 2026 via checked.be.