Sorajin: 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.
What changed
Sorajin
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€122,927
2023 · €383,470-€260,543
Equity
€3.0m
2023 · €2.8m+€122,927
Cash
-
not filed
Balance sheet total
€5.0m
2023 · €5.2m-€213,267
Largest movements
Assets
- Receivables within one year -€179,000
down €179,000 (-11.3%), from €1.6m to €1.4m
of which Other amounts receivable: -€179,000
Equity and liabilities
- Debts after one year -€187,026
down €187,026 (-12.0%), from €1.6m to €1.4m
- Reserves +€122,927
up €122,927 (+11.2%), from €1.1m to €1.2m
of which Distributable reserves: +€157,557
- Trade debts -€75,286
down €75,286 (-34.6%), from €217,707 to €142,420
Income statement
- Gross operating margin -€365,590
down €365,590 (-56.9%), from €643,036 to €277,446
- Taxes -€93,186
down €93,186 (-61.2%), from €152,362 to €59,176
- Financial charges -€11,729
down €11,729 (-19.6%), from €59,716 to €47,987
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.
Result 2023
€383,470
Gross operating margin
-€365,590
Depreciation
-€2,342
Other operating charges
+€3,245
Financial income
-€771
Financial charges
+€11,729
Taxes
+€93,186
Result 2024
€122,927
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,243,505 | €5,030,238 | -€213,267 | -4.1% |
| Fixed assets | 21/28 | €3,647,747 | €3,618,341 | -€29,407 | -0.8% |
| Tangible fixed assets | 22/27 | €2,092,551 | €2,064,144 | -€28,407 | -1.4% |
| Land and buildings | 22 | €2,092,551 | €2,064,144 | -€28,407 | -1.4% |
| Financial fixed assets | 28 | €1,555,196 | €1,554,196 | -€1,000 | -0.1% |
| Current assets | 29/58 | €1,595,758 | €1,411,897 | -€183,860 | -11.5% |
| Amounts receivable within one year | 40/41 | €1,585,426 | €1,406,426 | -€179,000 | -11.3% |
| Trade receivables | 40 | €22,657 | €22,657 | = | 0.0% |
| Other amounts receivable | 41 | €1,562,769 | €1,383,769 | -€179,000 | -11.5% |
| Deferred charges and accrued income | 490/1 | €10,331 | €5,471 | -€4,860 | -47.0% |
| Total equity and liabilities | 10/49 | €5,243,505 | €5,030,238 | -€213,267 | -4.1% |
| Equity | 10/15 | €2,830,099 | €2,953,026 | +€122,927 | +4.3% |
| Contributions | 10/11 | €1,737,411 | €1,737,411 | = | 0.0% |
| Capital | 10 | €1,737,411 | €1,737,411 | = | 0.0% |
| Issued capital | 100 | €1,737,411 | €1,737,411 | = | 0.0% |
| Reserves | 13 | €1,092,688 | €1,215,615 | +€122,927 | +11.2% |
| Non-distributable reserves | 130/1 | €69,139 | €69,139 | = | 0.0% |
| Legal reserve | 130 | €69,139 | €69,139 | = | 0.0% |
| Tax-exempt reserves | 132 | €104,010 | €69,380 | -€34,630 | -33.3% |
| Distributable reserves | 133 | €919,538 | €1,077,095 | +€157,557 | +17.1% |
| Provisions and deferred taxes | 16 | €109,966 | €90,486 | -€19,480 | -17.7% |
| Provisions for liabilities and charges | 160/5 | €45,000 | €45,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €25,000 | €25,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €20,000 | €20,000 | = | 0.0% |
| Deferred taxes | 168 | €64,966 | €45,486 | -€19,480 | -30.0% |
| Amounts payable | 17/49 | €2,303,440 | €1,986,726 | -€316,714 | -13.7% |
| Amounts payable after more than one year | 17 | €1,555,332 | €1,368,306 | -€187,026 | -12.0% |
| Financial debts | 170/4 | €1,555,332 | €1,368,306 | -€187,026 | -12.0% |
| Amounts payable within one year | 42/48 | €748,108 | €618,420 | -€129,688 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €181,712 | €185,666 | +€3,954 | +2.2% |
| Financial debts | 43 | €9,212 | €3,337 | -€5,875 | -63.8% |
| Credit institutions | 430/8 | €9,212 | €3,337 | -€5,875 | -63.8% |
| Trade debts | 44 | €217,707 | €142,420 | -€75,286 | -34.6% |
| Suppliers | 440/4 | €217,707 | €142,420 | -€75,286 | -34.6% |
| Taxes, remuneration and social security | 45 | €212,059 | €205,653 | -€6,406 | -3.0% |
| Taxes | 450/3 | €212,059 | €205,653 | -€6,406 | -3.0% |
| Other amounts payable | 47/48 | €127,419 | €81,343 | -€46,075 | -36.2% |
| Non-recurring operating income | 76A | €460,117 | - | -€460,117 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,065 | €28,407 | +€2,342 | +9.0% |
| Other operating charges | 640/8 | €41,744 | €38,499 | -€3,245 | -7.8% |
| Gross operating margin | 9900 | €643,036 | €277,446 | -€365,590 | -56.9% |
| Operating profit (loss) | 9901 | €575,228 | €210,540 | -€364,687 | -63.4% |
| Financial income | 75/76B | €841 | €70 | -€771 | -91.7% |
| Recurring financial income | 75 | €841 | €70 | -€771 | -91.7% |
| Financial charges | 65/66B | €59,716 | €47,987 | -€11,729 | -19.6% |
| Recurring financial charges | 65 | €59,716 | €47,987 | -€11,729 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €516,352 | €162,623 | -€353,729 | -68.5% |
| Transfer from deferred taxes | 780 | €19,480 | €19,480 | = | 0.0% |
| Income taxes | 67/77 | €152,362 | €59,176 | -€93,186 | -61.2% |
| Profit (loss) for the period | 9904 | €383,470 | €122,927 | -€260,543 | -67.9% |
| Transfer from tax-exempt reserves | 789 | €130,074 | €34,630 | -€95,444 | -73.4% |
| Transfer to tax-exempt reserves | 689 | €95,444 | - | -€95,444 | |
| Profit (loss) for the period to be appropriated | 9905 | €418,100 | €157,557 | -€260,543 | -62.3% |
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.