LE SORINIA: 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.
LE SORINIA
Largest movements
- Stocks and contracts +€4.2m
up €4.2m (+30.1%), from €13.9m to €18.0m
- Financial fixed assets +€993,748
new in 2025: €993,748
- Contributions +€12.6m
up €12.6m (+20338.0%), from €62,000 to €12.7m
- Trade debts -€10.2m
down €10.2m (-66.5%), from €15.3m to €5.1m
- Profit (loss) carried forward +€5.2m
up €5.2m (+38.8%), from -€13.5m to -€8.3m
- Provisions -€4.0m
no longer reported in 2025 (was €4.0m)
of which Provisions for liabilities and charges: -€3.3m
- Debts after one year +€2.9m
up €2.9m (+40.6%), from €7.1m to €10.0m
- Gross operating margin +€5.3m
up €5.3m, from -€2.3m to €2.9m
- Financial charges -€4.9m
down €4.9m (-96.5%), from €5.1m to €176,796
of which Non-recurring financial charges: -€5.0m
- Financial income +€960,558
up €960,558 (+2311.7%), from €41,552 to €1.0m
of which Non-recurring financial income: +€993,748
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 | €14,303,314 | €19,555,893 | +€5.3m | +36.7% |
| Fixed assets | 21/28 | - | €993,748 | +€993,748 | |
| Financial fixed assets | 28 | - | €993,748 | +€993,748 | |
| Current assets | 29/58 | €14,303,314 | €18,562,146 | +€4.3m | +29.8% |
| Stocks and contracts in progress | 3 | €13,853,863 | €18,029,287 | +€4.2m | +30.1% |
| Stocks | 30/36 | €13,853,863 | €18,029,287 | +€4.2m | +30.1% |
| Amounts receivable within one year | 40/41 | €448,924 | €531,003 | +€82,079 | +18.3% |
| Trade receivables | 40 | €178,569 | €166,769 | -€11,800 | -6.6% |
| Other amounts receivable | 41 | €270,355 | €364,235 | +€93,879 | +34.7% |
| Cash at bank and in hand | 54/58 | €526 | €1,855 | +€1,329 | +252.6% |
| Total equity and liabilities | 10/49 | €14,303,314 | €19,555,893 | +€5.3m | +36.7% |
| Equity | 10/15 | -€12,103,652 | €4,423,030 | +€16.5m | |
| Contributions | 10/11 | €62,000 | €12,671,563 | +€12.6m | +20338.0% |
| Capital | 10 | €62,000 | €12,671,563 | +€12.6m | +20338.0% |
| Issued capital | 100 | €62,000 | €12,671,563 | +€12.6m | +20338.0% |
| Reserves | 13 | €1,333,091 | €6,200 | -€1.3m | -99.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,326,891 | - | -€1.3m | |
| Profit (loss) carried forward | 14 | -€13,498,742 | -€8,254,732 | +€5.2m | +38.8% |
| Provisions and deferred taxes | 16 | €3,963,245 | - | -€4.0m | |
| Provisions for liabilities and charges | 160/5 | €3,280,000 | - | -€3.3m | |
| Other liabilities and charges | 164/5 | €3,280,000 | - | -€3.3m | |
| Deferred taxes | 168 | €683,245 | - | -€683,245 | |
| Amounts payable | 17/49 | €22,443,720 | €15,132,863 | -€7.3m | -32.6% |
| Amounts payable after more than one year | 17 | €7,115,763 | €10,006,185 | +€2.9m | +40.6% |
| Financial debts | 170/4 | €7,115,763 | €10,006,185 | +€2.9m | +40.6% |
| Amounts payable within one year | 42/48 | €15,327,957 | €5,126,678 | -€10.2m | -66.6% |
| Trade debts | 44 | €15,322,060 | €5,126,678 | -€10.2m | -66.5% |
| Suppliers | 440/4 | €15,322,060 | €5,126,678 | -€10.2m | -66.5% |
| Taxes, remuneration and social security | 45 | €5,898 | - | -€5,898 | |
| Taxes | 450/3 | €5,898 | - | -€5,898 | |
| Non-recurring operating income | 76A | - | €3,280,000 | +€3.3m | |
| Other operating charges | 640/8 | €538,545 | €538,111 | -€434 | -0.1% |
| Non-recurring operating charges | 66A | €3,280,000 | - | -€3.3m | |
| Gross operating margin | 9900 | -€2,313,375 | €2,946,672 | +€5.3m | |
| Operating profit (loss) | 9901 | -€6,131,920 | €2,408,561 | +€8.5m | |
| Financial income | 75/76B | €41,552 | €1,002,109 | +€960,558 | +2311.7% |
| Recurring financial income | 75 | €41,552 | €8,362 | -€33,190 | -79.9% |
| Non-recurring financial income | 76B | - | €993,748 | +€993,748 | |
| Financial charges | 65/66B | €5,117,368 | €176,796 | -€4.9m | -96.5% |
| Recurring financial charges | 65 | €146,583 | €176,796 | +€30,214 | +20.6% |
| Non-recurring financial charges | 66B | €4,970,785 | - | -€5.0m | |
| Profit (loss) for the period before taxes | 9903 | -€11,207,736 | €3,233,874 | +€14.4m | |
| Transfer from deferred taxes | 780 | €409,597 | €683,245 | +€273,648 | +66.8% |
| Profit (loss) for the period | 9904 | -€10,798,138 | €3,917,119 | +€14.7m | |
| Transfer from tax-exempt reserves | 789 | €795,455 | €1,326,891 | +€531,436 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,002,683 | €5,244,010 | +€15.2m |
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 2 October 2026 via checked.be.