Sotto's: 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.
Sotto's
Largest movements
- Receivables within one year +€345,902
up €345,902 (+255%), from €135,420 to €481,322
of which Other amounts receivable: +€322,218
- Cash -€88,216
down €88,216 (-58.5%), from €150,910 to €62,695
mainly Receivables within one year (-€345,902) and Trade debts (-€12,424)
- Tangible fixed assets -€86,225
down €86,225 (-87.4%), from €98,600 to €12,375
of which Plant, machinery and equipment: -€83,210
- Advances received +€165,352
up €165,352 (+11,388%), from €1,452 to €166,804
- Profit (loss) carried forward +€15,191
up €15,191 (+59.3%), from €25,617 to €40,808
- Trade debts -€12,424
down €12,424 (-3.5%), from €359,984 to €347,560
- Gross operating margin -€133,353
down €133,353 (-82.4%), from €161,801 to €28,448
- Staff costs -€98,175
down €98,175 (-95.9%), from €102,393 to €4,218
- Depreciation -€19,710
down €19,710 (-78.4%), from €25,144 to €5,434
- Other operating charges -€4,462
down €4,462 (-36.0%), from €12,396 to €7,935
- Financial charges -€2,379
down €2,379 (-95.8%), from €2,484 to €106
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 | €416,472 | €583,969 | +€167,496 | +40.2% |
| Fixed assets | 21/28 | €98,600 | €12,375 | -€86,225 | -87.4% |
| Tangible fixed assets | 22/27 | €98,600 | €12,375 | -€86,225 | -87.4% |
| Plant, machinery and equipment | 23 | €90,000 | €6,790 | -€83,210 | -92.5% |
| Furniture and vehicles | 24 | €8,601 | €5,585 | -€3,015 | -35.1% |
| Current assets | 29/58 | €317,872 | €571,593 | +€253,721 | +79.8% |
| Stocks and contracts in progress | 3 | €23,025 | €24,800 | +€1,775 | +7.7% |
| Stocks | 30/36 | €23,025 | €24,800 | +€1,775 | +7.7% |
| Amounts receivable within one year | 40/41 | €135,420 | €481,322 | +€345,902 | +255% |
| Trade receivables | 40 | €107,736 | €131,419 | +€23,683 | +22.0% |
| Other amounts receivable | 41 | €27,684 | €349,903 | +€322,218 | +1,164% |
| Current investments | 50/53 | €2,776 | €2,776 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €150,910 | €62,695 | -€88,216 | -58.5% |
| Deferred charges and accrued income | 490/1 | €5,740 | €0 | -€5,740 | -100% |
| Total equity and liabilities | 10/49 | €416,472 | €583,969 | +€167,496 | +40.2% |
| Equity | 10/15 | €54,414 | €69,605 | +€15,191 | +27.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €16,397 | €16,397 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €14,537 | €14,537 | = | 0.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €25,617 | €40,808 | +€15,191 | +59.3% |
| Amounts payable | 17/49 | €362,058 | €514,364 | +€152,305 | +42.1% |
| Amounts payable within one year | 42/48 | €361,758 | €514,364 | +€152,605 | +42.2% |
| Trade debts | 44 | €359,984 | €347,560 | -€12,424 | -3.5% |
| Suppliers | 440/4 | €359,984 | €347,560 | -€12,424 | -3.5% |
| Advances received on contracts in progress | 46 | €1,452 | €166,804 | +€165,352 | +11,388% |
| Taxes, remuneration and social security | 45 | €323 | €0 | -€323 | -100% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €323 | €0 | -€323 | -100% |
| Accrued charges and deferred income | 492/3 | €300 | €0 | -€300 | -100% |
| Non-recurring operating income | 76A | - | €19,378 | +€19,378 | |
| Remuneration, social security and pensions | 62 | €102,393 | €4,218 | -€98,175 | -95.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,144 | €5,434 | -€19,710 | -78.4% |
| Other operating charges | 640/8 | €12,396 | €7,935 | -€4,462 | -36.0% |
| Gross operating margin | 9900 | €161,801 | €28,448 | -€133,353 | -82.4% |
| Operating profit (loss) | 9901 | €21,868 | €10,861 | -€11,007 | -50.3% |
| Financial income | 75/76B | €3,800 | €4,435 | +€635 | +16.7% |
| Recurring financial income | 75 | €3,800 | €4,435 | +€635 | +16.7% |
| Financial charges | 65/66B | €2,484 | €106 | -€2,379 | -95.8% |
| Recurring financial charges | 65 | €2,484 | €106 | -€2,379 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | €23,184 | €15,191 | -€7,993 | -34.5% |
| Profit (loss) for the period | 9904 | €23,184 | €15,191 | -€7,993 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,184 | €15,191 | -€7,993 | -34.5% |
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 21 October 2026 via checked.be.