SOTTECO: 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.
SOTTECO
Largest movements
- Tangible fixed assets -€12,874
down €12,874 (-4.2%), from €306,301 to €293,427
of which Land and buildings: -€10,941
- Receivables within one year -€11,986
down €11,986 (-8.3%), from €143,721 to €131,736
of which Trade receivables: -€65,189
- Deferred charges and accrued income -€5,082
no longer reported in 2025 (was €5,082)
- Current portion of long-term debt +€300,000
new in 2025: €300,000
- Debts after one year -€298,280
down €298,280 (-99.4%), from €300,000 to €1,720
of which Financial debts: -€300,000
- Profit (loss) carried forward -€22,861
down €22,861 (-137.9%), from -€16,577 to -€39,438
- Trade debts -€13,261
down €13,261 (-9.8%), from €135,144 to €121,883
- Other debts +€10,985
up €10,985 (+91.8%), from €11,972 to €22,957
- Gross operating margin -€33,414
down €33,414 (-53.1%), from €62,930 to €29,516
- Other operating charges -€11,202
down €11,202 (-68.8%), from €16,279 to €5,078
- Depreciation -€5,467
down €5,467 (-29.8%), from €18,340 to €12,874
- Financial charges +€1,446
up €1,446 (+9.2%), from €15,637 to €17,083
- Staff costs +€969
up €969 (+5.9%), from €16,399 to €17,368
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 | €455,123 | €426,715 | -€28,409 | -6.2% |
| Fixed assets | 21/28 | €306,301 | €293,427 | -€12,874 | -4.2% |
| Tangible fixed assets | 22/27 | €306,301 | €293,427 | -€12,874 | -4.2% |
| Land and buildings | 22 | €269,936 | €258,996 | -€10,941 | -4.1% |
| Plant, machinery and equipment | 23 | €36,365 | €34,432 | -€1,933 | -5.3% |
| Current assets | 29/58 | €148,822 | €133,287 | -€15,535 | -10.4% |
| Amounts receivable within one year | 40/41 | €143,721 | €131,736 | -€11,986 | -8.3% |
| Trade receivables | 40 | €65,189 | - | -€65,189 | |
| Other amounts receivable | 41 | €78,532 | €131,736 | +€53,204 | +67.7% |
| Cash at bank and in hand | 54/58 | €19 | €1,552 | +€1,533 | +8045.6% |
| Deferred charges and accrued income | 490/1 | €5,082 | - | -€5,082 | |
| Total equity and liabilities | 10/49 | €455,123 | €426,715 | -€28,409 | -6.2% |
| Equity | 10/15 | -€6,577 | -€29,438 | -€22,861 | -347.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,577 | -€39,438 | -€22,861 | -137.9% |
| Amounts payable | 17/49 | €461,701 | €456,153 | -€5,548 | -1.2% |
| Amounts payable after more than one year | 17 | €300,000 | €1,720 | -€298,280 | -99.4% |
| Financial debts | 170/4 | €300,000 | - | -€300,000 | |
| Other amounts payable | 178/9 | - | €1,720 | +€1,720 | |
| Amounts payable within one year | 42/48 | €161,701 | €453,183 | +€291,482 | +180.3% |
| Current portion of amounts payable after more than one year | 42 | - | €300,000 | +€300,000 | |
| Trade debts | 44 | €135,144 | €121,883 | -€13,261 | -9.8% |
| Suppliers | 440/4 | €135,144 | €121,883 | -€13,261 | -9.8% |
| Taxes, remuneration and social security | 45 | €14,585 | €8,343 | -€6,242 | -42.8% |
| Taxes | 450/3 | €6,352 | €328 | -€6,024 | -94.8% |
| Remuneration and social security | 454/9 | €8,233 | €8,015 | -€218 | -2.6% |
| Other amounts payable | 47/48 | €11,972 | €22,957 | +€10,985 | +91.8% |
| Accrued charges and deferred income | 492/3 | - | €1,250 | +€1,250 | |
| Remuneration, social security and pensions | 62 | €16,399 | €17,368 | +€969 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,340 | €12,874 | -€5,467 | -29.8% |
| Other operating charges | 640/8 | €16,279 | €5,078 | -€11,202 | -68.8% |
| Gross operating margin | 9900 | €62,930 | €29,516 | -€33,414 | -53.1% |
| Operating profit (loss) | 9901 | €11,912 | -€5,803 | -€17,714 | |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €15,637 | €17,083 | +€1,446 | +9.2% |
| Recurring financial charges | 65 | €15,637 | €17,083 | +€1,446 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,725 | -€22,861 | -€19,136 | -513.7% |
| Income taxes | 67/77 | €300 | - | -€300 | |
| Profit (loss) for the period | 9904 | -€4,025 | -€22,861 | -€18,836 | -468.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,025 | -€22,861 | -€18,836 | -468.0% |
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 7 October 2026 via checked.be.