SORAPSA: 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.
SORAPSA
Largest movements
- Receivables within one year -€891
down €891 (-80.3%), from €1,110 to €219
of which Trade receivables: -€979
- Tangible fixed assets -€707
down €707 (-2.8%), from €25,353 to €24,646
of which Assets under construction and advance payments: -€25,353
- Cash -€471
down €471 (-84.7%), from €556 to €85
mainly Investment in fixed assets (net) (-€1,775) and Debts after one year (-€1,500)
- Deferred charges and accrued income -€328
down €328 (-78.5%), from €418 to €90
- Debts after one year -€1,500
down €1,500 (-5.3%), from €28,500 to €27,000
- Profit (loss) carried forward -€1,023
down €1,023 (-14.0%), from -€7,298 to -€8,322
- Other debts +€1,005
up €1,005, from €0 to €1,005
- Trade debts -€878
down €878 (-71.1%), from €1,236 to €357
- Gross operating margin +€3,449
up €3,449, from -€1,945 to €1,504
- Depreciation +€2,482
new in 2025: €2,482
- Other operating charges -€260
down €260 (-100.0%), from €260 to €0
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 | €27,437 | €25,040 | -€2,397 | -8.7% |
| Fixed assets | 21/28 | €25,353 | €24,646 | -€707 | -2.8% |
| Tangible fixed assets | 22/27 | €25,353 | €24,646 | -€707 | -2.8% |
| Other tangible fixed assets | 26 | - | €24,646 | +€24,646 | |
| Assets under construction and advance payments | 27 | €25,353 | €0 | -€25,353 | -100.0% |
| Current assets | 29/58 | €2,084 | €394 | -€1,690 | -81.1% |
| Amounts receivable within one year | 40/41 | €1,110 | €219 | -€891 | -80.3% |
| Trade receivables | 40 | €979 | €0 | -€979 | -100.0% |
| Other amounts receivable | 41 | €131 | €219 | +€88 | +66.9% |
| Cash at bank and in hand | 54/58 | €556 | €85 | -€471 | -84.7% |
| Deferred charges and accrued income | 490/1 | €418 | €90 | -€328 | -78.5% |
| Total equity and liabilities | 10/49 | €27,437 | €25,040 | -€2,397 | -8.7% |
| Equity | 10/15 | -€2,298 | -€3,322 | -€1,023 | -44.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,298 | -€8,322 | -€1,023 | -14.0% |
| Amounts payable | 17/49 | €29,736 | €28,362 | -€1,373 | -4.6% |
| Amounts payable after more than one year | 17 | €28,500 | €27,000 | -€1,500 | -5.3% |
| Other amounts payable | 178/9 | €28,500 | €27,000 | -€1,500 | -5.3% |
| Amounts payable within one year | 42/48 | €1,236 | €1,362 | +€127 | +10.2% |
| Trade debts | 44 | €1,236 | €357 | -€878 | -71.1% |
| Suppliers | 440/4 | €1,236 | €357 | -€878 | -71.1% |
| Other amounts payable | 47/48 | €0 | €1,005 | +€1,005 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,482 | +€2,482 | |
| Other operating charges | 640/8 | €260 | €0 | -€260 | -100.0% |
| Gross operating margin | 9900 | -€1,945 | €1,504 | +€3,449 | |
| Operating profit (loss) | 9901 | -€2,205 | -€978 | +€1,227 | +55.6% |
| Financial charges | 65/66B | €27 | €45 | +€18 | +67.4% |
| Recurring financial charges | 65 | €27 | €45 | +€18 | +67.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,232 | -€1,023 | +€1,209 | +54.2% |
| Profit (loss) for the period | 9904 | -€2,232 | -€1,023 | +€1,209 | +54.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,232 | -€1,023 | +€1,209 | +54.2% |
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 30 September 2026 via checked.be.