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
- Stocks and contracts -€297,435
no longer reported in 2024 (was €297,435)
- Receivables within one year +€271,794
up €271,794 (+344%), from €78,973 to €350,767
of which Trade receivables: +€282,872
- Cash +€11,684
up €11,684 (+153%), from €7,640 to €19,324
mainly Stocks and contracts (+€297,435) and Tax, wage and social debts (+€61,986)
- Tangible fixed assets -€8,594
down €8,594 (-100%), from €8,594 to €0
of which Furniture and vehicles: -€8,594
- Other debts -€131,641
down €131,641 (-98.3%), from €133,853 to €2,212
- Tax, wage and social debts +€61,986
up €61,986 (+142%), from €43,700 to €105,687
- Trade debts +€49,365
up €49,365 (+294%), from €16,762 to €66,127
- Profit (loss) carried forward +€5,487
up €5,487 (+20.9%), from €26,211 to €31,698
- Gross operating margin +€300,221
up €300,221 (+1,048%), from €28,659 to €328,881
- Write-downs +€297,435
new in 2024: €297,435
- Financial charges +€4,634
up €4,634 (+30.1%), from €15,392 to €20,027
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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €467,676 | €446,378 | -€21,299 | -4.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €8,594 | €0 | -€8,594 | -100% |
| Tangible fixed assets | 22/27 | €8,594 | €0 | -€8,594 | -100% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €8,594 | €0 | -€8,594 | -100% |
| Current assets | 29/58 | €459,082 | €446,378 | -€12,705 | -2.8% |
| Amounts receivable after more than one year | 29 | €72,858 | €72,858 | = | 0.0% |
| Other amounts receivable | 291 | €72,858 | €72,858 | = | 0.0% |
| Stocks and contracts in progress | 3 | €297,435 | - | -€297,435 | |
| Stocks | 30/36 | €297,435 | - | -€297,435 | |
| Amounts receivable within one year | 40/41 | €78,973 | €350,767 | +€271,794 | +344% |
| Trade receivables | 40 | €6,455 | €289,327 | +€282,872 | +4,383% |
| Other amounts receivable | 41 | €72,519 | €61,441 | -€11,078 | -15.3% |
| Cash at bank and in hand | 54/58 | €7,640 | €19,324 | +€11,684 | +153% |
| Deferred charges and accrued income | 490/1 | €2,176 | €3,428 | +€1,252 | +57.5% |
| Total equity and liabilities | 10/49 | €467,676 | €446,378 | -€21,299 | -4.6% |
| Equity | 10/15 | €163,671 | €169,158 | +€5,487 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €118,860 | €118,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €117,000 | €117,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,211 | €31,698 | +€5,487 | +20.9% |
| Amounts payable | 17/49 | €304,005 | €277,219 | -€26,786 | -8.8% |
| Amounts payable after more than one year | 17 | €3,193 | - | -€3,193 | |
| Financial debts | 170/4 | €3,193 | - | -€3,193 | |
| Amounts payable within one year | 42/48 | €300,812 | €277,219 | -€23,593 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €6,253 | €3,193 | -€3,060 | -48.9% |
| Financial debts | 43 | €100,244 | €100,000 | -€244 | -0.2% |
| Credit institutions | 430/8 | €100,244 | €100,000 | -€244 | -0.2% |
| Trade debts | 44 | €16,762 | €66,127 | +€49,365 | +294% |
| Suppliers | 440/4 | €16,762 | €66,127 | +€49,365 | +294% |
| Taxes, remuneration and social security | 45 | €43,700 | €105,687 | +€61,986 | +142% |
| Taxes | 450/3 | €43,700 | €105,687 | +€61,986 | +142% |
| Other amounts payable | 47/48 | €133,853 | €2,212 | -€131,641 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,594 | €8,594 | +€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €297,435 | +€297,435 | |
| Other operating charges | 640/8 | €1,755 | €831 | -€924 | -52.7% |
| Gross operating margin | 9900 | €28,659 | €328,881 | +€300,221 | +1,048% |
| Operating profit (loss) | 9901 | €18,310 | €22,021 | +€3,710 | +20.3% |
| Financial income | 75/76B | €3,089 | €5,235 | +€2,146 | +69.5% |
| Recurring financial income | 75 | €3,089 | €5,235 | +€2,146 | +69.5% |
| Financial charges | 65/66B | €15,392 | €20,027 | +€4,634 | +30.1% |
| Recurring financial charges | 65 | €15,392 | €20,027 | +€4,634 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €6,007 | €7,229 | +€1,222 | +20.3% |
| Income taxes | 67/77 | €3,200 | €1,742 | -€1,458 | -45.6% |
| Profit (loss) for the period | 9904 | €2,807 | €5,487 | +€2,680 | +95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,807 | €5,487 | +€2,680 | +95.5% |
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.