SORA LOC: 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.
SORA LOC
Largest movements
- Receivables within one year -€15,593
down €15,593 (-33.5%), from €46,503 to €30,910
of which Trade receivables: -€15,694
- Stocks and contracts -€11,527
down €11,527 (-48.4%), from €23,793 to €12,266
- Cash -€9,387
down €9,387 (-26.2%), from €35,842 to €26,455
mainly Trade debts (-€29,813) and Net result for the year (-€22,087)
- Intangible fixed assets -€2,900
down €2,900 (-22.5%), from €12,900 to €10,000
- Tangible fixed assets +€1,952
up €1,952 (+4.5%), from €43,557 to €45,509
of which Furniture and vehicles: +€6,534
- Trade debts -€29,813
down €29,813 (-51.7%), from €57,699 to €27,886
- Tax, wage and social debts +€27,811
up €27,811 (+402.2%), from €6,915 to €34,726
of which Taxes: +€27,434
- Profit (loss) carried forward -€22,088
down €22,088 (-85.9%), from -€25,716 to -€47,804
- Other debts -€13,365
down €13,365 (-14.9%), from €89,847 to €76,482
- Turnover -€125,978
down €125,978 (-32.5%), from €387,682 to €261,704
- Taxes +€28,470
up €28,470 (+41867.2%), from €68 to €28,538
- Purchases and services +€25,407
up €25,407 (+15.3%), from €165,795 to €191,202
- Financial income +€20,226
up €20,226 (+16578.7%), from €122 to €20,348
of which Non-recurring financial income: +€20,348
- Staff costs -€19,785
down €19,785 (-24.1%), from €82,080 to €62,295
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €164,205 | €126,750 | -€37,455 | -22.8% |
| Fixed assets | 21/28 | €56,717 | €55,769 | -€948 | -1.7% |
| Intangible fixed assets | 21 | €12,900 | €10,000 | -€2,900 | -22.5% |
| Tangible fixed assets | 22/27 | €43,557 | €45,509 | +€1,952 | +4.5% |
| Land and buildings | 22 | €8,174 | €4,659 | -€3,515 | -43.0% |
| Plant, machinery and equipment | 23 | €9,750 | €8,683 | -€1,067 | -10.9% |
| Furniture and vehicles | 24 | €25,633 | €32,167 | +€6,534 | +25.5% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €107,488 | €70,981 | -€36,507 | -34.0% |
| Stocks and contracts in progress | 3 | €23,793 | €12,266 | -€11,527 | -48.4% |
| Stocks | 30/36 | €23,793 | €12,266 | -€11,527 | -48.4% |
| Amounts receivable within one year | 40/41 | €46,503 | €30,910 | -€15,593 | -33.5% |
| Trade receivables | 40 | €42,802 | €27,108 | -€15,694 | -36.7% |
| Other amounts receivable | 41 | €3,701 | €3,803 | +€102 | +2.8% |
| Cash at bank and in hand | 54/58 | €35,842 | €26,455 | -€9,387 | -26.2% |
| Deferred charges and accrued income | 490/1 | €1,350 | €1,350 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €164,205 | €126,750 | -€37,455 | -22.8% |
| Equity | 10/15 | -€5,256 | -€27,344 | -€22,088 | -420.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,716 | -€47,804 | -€22,088 | -85.9% |
| Amounts payable | 17/49 | €169,461 | €154,094 | -€15,367 | -9.1% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €154,461 | €139,094 | -€15,367 | -9.9% |
| Trade debts | 44 | €57,699 | €27,886 | -€29,813 | -51.7% |
| Suppliers | 440/4 | €57,699 | €27,886 | -€29,813 | -51.7% |
| Taxes, remuneration and social security | 45 | €6,915 | €34,726 | +€27,811 | +402.2% |
| Taxes | 450/3 | €2,061 | €29,495 | +€27,434 | +1331.1% |
| Remuneration and social security | 454/9 | €4,854 | €5,231 | +€377 | +7.8% |
| Other amounts payable | 47/48 | €89,847 | €76,482 | -€13,365 | -14.9% |
| Turnover | 70 | €387,682 | €261,704 | -€125,978 | -32.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €165,795 | €191,202 | +€25,407 | +15.3% |
| Remuneration, social security and pensions | 62 | €82,080 | €62,295 | -€19,785 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,852 | €20,993 | -€2,859 | -12.0% |
| Other operating charges | 640/8 | €2,570 | €2,969 | +€399 | +15.5% |
| Gross operating margin | 9900 | €66,596 | €81,812 | +€15,216 | +22.8% |
| Operating profit (loss) | 9901 | -€41,906 | -€4,444 | +€37,462 | +89.4% |
| Financial income | 75/76B | €122 | €20,348 | +€20,226 | +16578.7% |
| Recurring financial income | 75 | €122 | €0 | -€122 | -99.9% |
| Non-recurring financial income | 76B | - | €20,348 | +€20,348 | |
| Financial charges | 65/66B | €3,039 | €9,453 | +€6,414 | +211.1% |
| Recurring financial charges | 65 | €1,642 | €9,453 | +€7,811 | +475.7% |
| Non-recurring financial charges | 66B | €1,397 | - | -€1,397 | |
| Profit (loss) for the period before taxes | 9903 | -€44,823 | €6,450 | +€51,273 | |
| Income taxes | 67/77 | €68 | €28,538 | +€28,470 | +41867.2% |
| Profit (loss) for the period | 9904 | -€44,891 | -€22,087 | +€22,804 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,891 | -€22,087 | +€22,804 | +50.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.