SORCER: 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.
SORCER
Largest movements
- Tangible fixed assets -€36,698
down €36,698 (-96.1%), from €38,197 to €1,499
of which Other tangible fixed assets: -€36,277
- Receivables within one year -€7,695
down €7,695 (-8.4%), from €92,032 to €84,337
of which Trade receivables: -€8,655
- Short-term financial debts -€16,443
no longer reported in 2025 (was €16,443)
- Profit (loss) carried forward -€15,114
down €15,114 (-10.8%), from -€139,782 to -€154,896
- Tax, wage and social debts -€7,043
down €7,043 (-73.1%), from €9,633 to €2,590
- Trade debts -€6,256
down €6,256 (-96.5%), from €6,485 to €229
- Accrued charges and deferred income +€5,313
new in 2025: €5,313
- Financial charges -€293,160
down €293,160 (-97.5%), from €300,589 to €7,429
- Depreciation -€13,064
down €13,064 (-96.9%), from €13,485 to €421
- Gross operating margin -€6,138
down €6,138 (-17.0%), from €36,137 to €29,999
- Financial income +€2,098
up €2,098 (+26,225%), from €8 to €2,106
- Taxes +€1,965
up €1,965 (+543%), from €362 to €2,327
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 | €132,614 | €88,220 | -€44,394 | -33.5% |
| Fixed assets | 21/28 | €40,274 | €3,576 | -€36,698 | -91.1% |
| Tangible fixed assets | 22/27 | €38,197 | €1,499 | -€36,698 | -96.1% |
| Plant, machinery and equipment | 23 | €1,920 | €1,499 | -€421 | -21.9% |
| Other tangible fixed assets | 26 | €36,277 | - | -€36,277 | |
| Financial fixed assets | 28 | €2,077 | €2,077 | = | 0.0% |
| Current assets | 29/58 | €92,340 | €84,644 | -€7,696 | -8.3% |
| Amounts receivable within one year | 40/41 | €92,032 | €84,337 | -€7,695 | -8.4% |
| Trade receivables | 40 | €27,782 | €19,127 | -€8,655 | -31.2% |
| Other amounts receivable | 41 | €64,250 | €65,210 | +€960 | +1.5% |
| Deferred charges and accrued income | 490/1 | €308 | €307 | -€1 | -0.3% |
| Total equity and liabilities | 10/49 | €132,614 | €88,220 | -€44,394 | -33.5% |
| Equity | 10/15 | €93,514 | €78,400 | -€15,114 | -16.2% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €202,309 | €202,309 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,099 | €25,099 | = | 0.0% |
| Distributable reserves | 133 | €174,111 | €174,111 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€139,782 | -€154,896 | -€15,114 | -10.8% |
| Amounts payable | 17/49 | €39,100 | €9,820 | -€29,280 | -74.9% |
| Amounts payable within one year | 42/48 | €39,100 | €4,507 | -€34,593 | -88.5% |
| Current portion of amounts payable after more than one year | 42 | €6,539 | €1,688 | -€4,851 | -74.2% |
| Financial debts | 43 | €16,443 | - | -€16,443 | |
| Credit institutions | 430/8 | €16,443 | - | -€16,443 | |
| Trade debts | 44 | €6,485 | €229 | -€6,256 | -96.5% |
| Suppliers | 440/4 | €6,485 | €229 | -€6,256 | -96.5% |
| Taxes, remuneration and social security | 45 | €9,633 | €2,590 | -€7,043 | -73.1% |
| Taxes | 450/3 | €9,633 | €2,590 | -€7,043 | -73.1% |
| Accrued charges and deferred income | 492/3 | - | €5,313 | +€5,313 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,485 | €421 | -€13,064 | -96.9% |
| Other operating charges | 640/8 | €1,008 | €765 | -€243 | -24.1% |
| Non-recurring operating charges | 66A | €5,728 | €36,277 | +€30,549 | +533% |
| Gross operating margin | 9900 | €36,137 | €29,999 | -€6,138 | -17.0% |
| Operating profit (loss) | 9901 | €15,916 | -€7,464 | -€23,380 | |
| Financial income | 75/76B | €8 | €2,106 | +€2,098 | +26,225% |
| Recurring financial income | 75 | €8 | €2,106 | +€2,098 | +26,225% |
| Financial charges | 65/66B | €300,589 | €7,429 | -€293,160 | -97.5% |
| Recurring financial charges | 65 | €300,589 | €7,429 | -€293,160 | -97.5% |
| Profit (loss) for the period before taxes | 9903 | -€284,665 | -€12,787 | +€271,878 | +95.5% |
| Income taxes | 67/77 | €362 | €2,327 | +€1,965 | +543% |
| Profit (loss) for the period | 9904 | -€285,027 | -€15,114 | +€269,913 | +94.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€285,027 | -€15,114 | +€269,913 | +94.7% |
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 19 October 2026 via checked.be.