SORAF: 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.
SORAF
Largest movements
- Receivables within one year +€12,486
up €12,486 (+195.7%), from €6,380 to €18,866
of which Trade receivables: +€11,664
- Other debts +€42,988
up €42,988 (+5.3%), from €814,913 to €857,901
- Profit (loss) carried forward -€22,736
down €22,736 (-2.7%), from -€846,220 to -€868,956
- Tax, wage and social debts -€6,105
down €6,105 (-100.0%), from €6,105 to €0
- Trade debts -€1,807
down €1,807 (-16.9%), from €10,710 to €8,904
- Financial charges +€5,526
up €5,526 (+81.8%), from €6,756 to €12,282
- Gross operating margin -€868
down €868 (-9.7%), from -€8,916 to -€9,784
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 | €7,508 | €19,848 | +€12,340 | +164.4% |
| Current assets | 29/58 | €7,508 | €19,848 | +€12,340 | +164.4% |
| Amounts receivable within one year | 40/41 | €6,380 | €18,866 | +€12,486 | +195.7% |
| Trade receivables | 40 | €4,701 | €16,365 | +€11,664 | +248.1% |
| Other amounts receivable | 41 | €1,678 | €2,501 | +€822 | +49.0% |
| Cash at bank and in hand | 54/58 | €1,128 | €983 | -€146 | -12.9% |
| Total equity and liabilities | 10/49 | €7,508 | €19,848 | +€12,340 | +164.4% |
| Equity | 10/15 | -€824,220 | -€846,956 | -€22,736 | -2.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€846,220 | -€868,956 | -€22,736 | -2.7% |
| Amounts payable | 17/49 | €831,728 | €866,805 | +€35,076 | +4.2% |
| Amounts payable within one year | 42/48 | €831,728 | €866,805 | +€35,076 | +4.2% |
| Trade debts | 44 | €10,710 | €8,904 | -€1,807 | -16.9% |
| Suppliers | 440/4 | €10,710 | €8,904 | -€1,807 | -16.9% |
| Taxes, remuneration and social security | 45 | €6,105 | €0 | -€6,105 | -100.0% |
| Taxes | 450/3 | €6,105 | €0 | -€6,105 | -100.0% |
| Other amounts payable | 47/48 | €814,913 | €857,901 | +€42,988 | +5.3% |
| Other operating charges | 640/8 | €580 | €670 | +€89 | +15.4% |
| Gross operating margin | 9900 | -€8,916 | -€9,784 | -€868 | -9.7% |
| Operating profit (loss) | 9901 | -€9,497 | -€10,454 | -€957 | -10.1% |
| Financial charges | 65/66B | €6,756 | €12,282 | +€5,526 | +81.8% |
| Recurring financial charges | 65 | €6,756 | €12,282 | +€5,526 | +81.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,253 | -€22,736 | -€6,484 | -39.9% |
| Profit (loss) for the period | 9904 | -€16,253 | -€22,736 | -€6,484 | -39.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,253 | -€22,736 | -€6,484 | -39.9% |
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 5 October 2026 via checked.be.