Sorant: 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.
Sorant
Largest movements
- Stocks and contracts +€2.5m
up €2.5m (+96.4%), from €2.6m to €5.1m
- Receivables within one year +€653,365
new in 2025: €653,365
- Cash +€137,058
up €137,058 (+878.4%), from €15,603 to €152,661
mainly Short-term financial debts (+€1.8m) and Debts after one year (+€854,686)
- Short-term financial debts +€1.8m
up €1.8m (+267.4%), from €662,716 to €2.4m
- Debts after one year +€854,686
up €854,686 (+47.0%), from €1.8m to €2.7m
- Trade debts +€483,929
up €483,929 (+879.6%), from €55,015 to €538,944
- Accrued charges and deferred income +€79,865
up €79,865 (+155.2%), from €51,457 to €131,322
- Gross operating margin +€146,189
up €146,189 (+82.5%), from €177,261 to €323,450
- Financial charges +€53,531
up €53,531 (+41.8%), from €127,990 to €181,521
- Other operating charges +€11,917
up €11,917 (+153.0%), from €7,791 to €19,708
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 | €2,638,226 | €5,948,781 | +€3.3m | +125.5% |
| Fixed assets | 21/28 | €12,470 | €15,688 | +€3,218 | +25.8% |
| Tangible fixed assets | 22/27 | €11,720 | €10,438 | -€1,282 | -10.9% |
| Plant, machinery and equipment | 23 | - | €1,948 | +€1,948 | |
| Furniture and vehicles | 24 | €11,720 | €8,490 | -€3,230 | -27.6% |
| Financial fixed assets | 28 | €750 | €5,250 | +€4,500 | +600.0% |
| Current assets | 29/58 | €2,625,756 | €5,933,093 | +€3.3m | +126.0% |
| Stocks and contracts in progress | 3 | €2,606,962 | €5,119,484 | +€2.5m | +96.4% |
| Stocks | 30/36 | €2,606,962 | €5,119,484 | +€2.5m | +96.4% |
| Amounts receivable within one year | 40/41 | - | €653,365 | +€653,365 | |
| Trade receivables | 40 | - | €653,365 | +€653,365 | |
| Cash at bank and in hand | 54/58 | €15,603 | €152,661 | +€137,058 | +878.4% |
| Deferred charges and accrued income | 490/1 | €3,191 | €7,582 | +€4,391 | +137.6% |
| Total equity and liabilities | 10/49 | €2,638,226 | €5,948,781 | +€3.3m | +125.5% |
| Equity | 10/15 | €9,979 | €18,897 | +€8,919 | +89.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,979 | €13,897 | +€8,919 | +179.1% |
| Distributable reserves | 133 | €4,979 | €13,897 | +€8,919 | +179.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,628,248 | €5,929,884 | +€3.3m | +125.6% |
| Amounts payable after more than one year | 17 | €1,819,846 | €2,674,533 | +€854,686 | +47.0% |
| Financial debts | 170/4 | €1,819,846 | €2,674,533 | +€854,686 | +47.0% |
| Amounts payable within one year | 42/48 | €756,945 | €3,124,029 | +€2.4m | +312.7% |
| Financial debts | 43 | €662,716 | €2,434,742 | +€1.8m | +267.4% |
| Credit institutions | 430/8 | €662,716 | €2,434,742 | +€1.8m | +267.4% |
| Trade debts | 44 | €55,015 | €538,944 | +€483,929 | +879.6% |
| Suppliers | 440/4 | €55,015 | €538,944 | +€483,929 | +879.6% |
| Taxes, remuneration and social security | 45 | €2,208 | €60,243 | +€58,035 | +2628.7% |
| Taxes | 450/3 | €2,208 | €60,243 | +€58,035 | +2628.7% |
| Other amounts payable | 47/48 | €37,006 | €90,101 | +€53,094 | +143.5% |
| Accrued charges and deferred income | 492/3 | €51,457 | €131,322 | +€79,865 | +155.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,430 | €3,230 | -€1,200 | -27.1% |
| Other operating charges | 640/8 | €7,791 | €19,708 | +€11,917 | +153.0% |
| Non-recurring operating charges | 66A | - | €15,000 | +€15,000 | |
| Gross operating margin | 9900 | €177,261 | €323,450 | +€146,189 | +82.5% |
| Operating profit (loss) | 9901 | €165,040 | €285,512 | +€120,472 | +73.0% |
| Financial income | 75/76B | €136 | €76 | -€60 | -44.0% |
| Recurring financial income | 75 | €136 | €76 | -€60 | -44.0% |
| Financial charges | 65/66B | €127,990 | €181,521 | +€53,531 | +41.8% |
| Recurring financial charges | 65 | €127,990 | €181,521 | +€53,531 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €37,186 | €104,067 | +€66,881 | +179.9% |
| Income taxes | 67/77 | €2,208 | €5,149 | +€2,941 | +133.2% |
| Profit (loss) for the period | 9904 | €34,979 | €98,919 | +€63,940 | +182.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,979 | €98,919 | +€63,940 | +182.8% |
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 3 October 2026 via checked.be.