SORBONNE: 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.
SORBONNE
Largest movements
- Receivables within one year +€20,455
up €20,455 (+237%), from €8,636 to €29,091
of which Other amounts receivable: +€20,553
- Tangible fixed assets -€12,183
down €12,183 (-21.8%), from €55,913 to €43,730
of which Land and buildings: -€13,172
- Profit (loss) carried forward +€19,462
up €19,462 (+25.8%), from -€75,446 to -€55,984
- Trade debts -€13,150
down €13,150 (-52.6%), from €25,019 to €11,869
- Tax, wage and social debts +€8,038
up €8,038 (+65.9%), from €12,190 to €20,227
of which Taxes: +€7,834
- Current portion of long-term debt -€7,147
down €7,147 (-54.8%), from €13,047 to €5,900
- Debts after one year -€5,900
down €5,900 (-63.8%), from €9,251 to €3,352
- Staff costs -€27,051
down €27,051 (-40.1%), from €67,385 to €40,334
- Gross operating margin -€8,796
down €8,796 (-8.5%), from €103,291 to €94,496
- Depreciation -€6,238
down €6,238 (-21.6%), from €28,874 to €22,635
- Other operating charges +€3,405
up €3,405 (+112%), from €3,039 to €6,443
- Financial charges +€1,196
up €1,196 (+27.0%), from €4,433 to €5,629
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.
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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,840 | €88,544 | +€7,704 | +9.5% |
| Fixed assets | 21/28 | €55,913 | €43,730 | -€12,183 | -21.8% |
| Tangible fixed assets | 22/27 | €55,913 | €43,730 | -€12,183 | -21.8% |
| Land and buildings | 22 | €37,999 | €24,827 | -€13,172 | -34.7% |
| Plant, machinery and equipment | 23 | €17,914 | €18,903 | +€989 | +5.5% |
| Current assets | 29/58 | €24,927 | €44,814 | +€19,887 | +79.8% |
| Stocks and contracts in progress | 3 | €16,291 | €15,723 | -€568 | -3.5% |
| Stocks | 30/36 | €16,291 | €15,723 | -€568 | -3.5% |
| Amounts receivable within one year | 40/41 | €8,636 | €29,091 | +€20,455 | +237% |
| Trade receivables | 40 | €1,165 | €1,067 | -€98 | -8.4% |
| Other amounts receivable | 41 | €7,471 | €28,024 | +€20,553 | +275% |
| Total equity and liabilities | 10/49 | €80,840 | €88,544 | +€7,704 | +9.5% |
| Equity | 10/15 | -€11,794 | €7,669 | +€19,462 | |
| Contributions | 10/11 | €60,622 | €60,622 | = | 0.0% |
| Reserves | 13 | €3,030 | €3,030 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,030 | €1,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,446 | -€55,984 | +€19,462 | +25.8% |
| Amounts payable | 17/49 | €92,633 | €80,875 | -€11,758 | -12.7% |
| Amounts payable after more than one year | 17 | €9,251 | €3,352 | -€5,900 | -63.8% |
| Financial debts | 170/4 | €9,251 | €3,352 | -€5,900 | -63.8% |
| Amounts payable within one year | 42/48 | €78,155 | €71,717 | -€6,438 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €13,047 | €5,900 | -€7,147 | -54.8% |
| Financial debts | 43 | - | €5,371 | +€5,371 | |
| Credit institutions | 430/8 | - | €5,371 | +€5,371 | |
| Trade debts | 44 | €25,019 | €11,869 | -€13,150 | -52.6% |
| Suppliers | 440/4 | €25,019 | €11,869 | -€13,150 | -52.6% |
| Taxes, remuneration and social security | 45 | €12,190 | €20,227 | +€8,038 | +65.9% |
| Taxes | 450/3 | €4,272 | €12,106 | +€7,834 | +183% |
| Remuneration and social security | 454/9 | €7,917 | €8,121 | +€204 | +2.6% |
| Other amounts payable | 47/48 | €27,900 | €28,350 | +€450 | +1.6% |
| Accrued charges and deferred income | 492/3 | €5,227 | €5,807 | +€580 | +11.1% |
| Remuneration, social security and pensions | 62 | €67,385 | €40,334 | -€27,051 | -40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,874 | €22,635 | -€6,238 | -21.6% |
| Other operating charges | 640/8 | €3,039 | €6,443 | +€3,405 | +112% |
| Gross operating margin | 9900 | €103,291 | €94,496 | -€8,796 | -8.5% |
| Operating profit (loss) | 9901 | €3,995 | €25,084 | +€21,089 | +528% |
| Financial income | 75/76B | €5 | €8 | +€3 | +62.2% |
| Recurring financial income | 75 | €5 | €8 | +€3 | +62.2% |
| Financial charges | 65/66B | €4,433 | €5,629 | +€1,196 | +27.0% |
| Recurring financial charges | 65 | €4,433 | €5,629 | +€1,196 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | -€434 | €19,462 | +€19,896 | |
| Profit (loss) for the period | 9904 | -€434 | €19,462 | +€19,896 | |
| Profit (loss) for the period to be appropriated | 9905 | -€434 | €19,462 | +€19,896 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.