SORCO: 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.
SORCO
Largest movements
- Receivables within one year -€53,135
down €53,135 (-76.6%), from €69,390 to €16,255
of which Trade receivables: -€53,471
- Tangible fixed assets -€22,140
down €22,140 (-11.2%), from €197,785 to €175,645
of which Furniture and vehicles: -€11,874
- Cash +€21,246
up €21,246 (+172%), from €12,379 to €33,625
mainly Receivables within one year (+€53,135) and Depreciation (+€22,140)
- Deferred charges and accrued income +€12,199
up €12,199 (+552%), from €2,211 to €14,410
- Reserves -€23,705
down €23,705 (-90.6%), from €26,155 to €2,449
of which Distributable reserves: -€17,257
- Debts after one year -€15,713
down €15,713 (-49.3%), from €31,896 to €16,183
- Profit (loss) carried forward -€3,312
new in 2025: -€3,312
- Gross operating margin -€32,486
down €32,486 (-26.8%), from €121,055 to €88,570
- Other operating charges -€19,205
down €19,205 (-65.4%), from €29,376 to €10,170
- Staff costs +€6,536
up €6,536 (+8.7%), from €75,443 to €81,979
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
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 | €281,865 | €240,035 | -€41,829 | -14.8% |
| Fixed assets | 21/28 | €197,885 | €175,745 | -€22,140 | -11.2% |
| Tangible fixed assets | 22/27 | €197,785 | €175,645 | -€22,140 | -11.2% |
| Land and buildings | 22 | €83,273 | €81,117 | -€2,156 | -2.6% |
| Plant, machinery and equipment | 23 | €63,887 | €55,777 | -€8,110 | -12.7% |
| Furniture and vehicles | 24 | €50,625 | €38,752 | -€11,874 | -23.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €83,979 | €64,290 | -€19,689 | -23.4% |
| Amounts receivable within one year | 40/41 | €69,390 | €16,255 | -€53,135 | -76.6% |
| Trade receivables | 40 | €56,425 | €2,955 | -€53,471 | -94.8% |
| Other amounts receivable | 41 | €12,964 | €13,301 | +€336 | +2.6% |
| Cash at bank and in hand | 54/58 | €12,379 | €33,625 | +€21,246 | +172% |
| Deferred charges and accrued income | 490/1 | €2,211 | €14,410 | +€12,199 | +552% |
| Total equity and liabilities | 10/49 | €281,865 | €240,035 | -€41,829 | -14.8% |
| Equity | 10/15 | €208,855 | €181,837 | -€27,018 | -12.9% |
| Contributions | 10/11 | €182,700 | €182,700 | = | 0.0% |
| Reserves | 13 | €26,155 | €2,449 | -€23,705 | -90.6% |
| Tax-exempt reserves | 132 | €8,898 | €2,449 | -€6,449 | -72.5% |
| Distributable reserves | 133 | €17,257 | - | -€17,257 | |
| Profit (loss) carried forward | 14 | - | -€3,312 | -€3,312 | |
| Amounts payable | 17/49 | €73,010 | €58,199 | -€14,811 | -20.3% |
| Amounts payable after more than one year | 17 | €31,896 | €16,183 | -€15,713 | -49.3% |
| Financial debts | 170/4 | €31,896 | €16,183 | -€15,713 | -49.3% |
| Amounts payable within one year | 42/48 | €41,071 | €42,016 | +€945 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €15,257 | €15,713 | +€456 | +3.0% |
| Trade debts | 44 | €5,435 | €3,347 | -€2,089 | -38.4% |
| Suppliers | 440/4 | €5,435 | €3,347 | -€2,089 | -38.4% |
| Taxes, remuneration and social security | 45 | €16,429 | €17,923 | +€1,494 | +9.1% |
| Taxes | 450/3 | €16,429 | €17,923 | +€1,494 | +9.1% |
| Other amounts payable | 47/48 | €3,950 | €5,033 | +€1,083 | +27.4% |
| Accrued charges and deferred income | 492/3 | €44 | - | -€44 | |
| Remuneration, social security and pensions | 62 | €75,443 | €81,979 | +€6,536 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,638 | €22,140 | +€502 | +2.3% |
| Other operating charges | 640/8 | €29,376 | €10,170 | -€19,205 | -65.4% |
| Gross operating margin | 9900 | €121,055 | €88,570 | -€32,486 | -26.8% |
| Operating profit (loss) | 9901 | -€5,401 | -€25,720 | -€20,319 | -376% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €1,750 | €1,298 | -€451 | -25.8% |
| Recurring financial charges | 65 | €1,750 | €1,298 | -€451 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,144 | -€27,018 | -€19,874 | -278% |
| Profit (loss) for the period | 9904 | -€7,144 | -€27,018 | -€19,874 | -278% |
| Transfer from tax-exempt reserves | 789 | €6,449 | €6,449 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€695 | -€20,569 | -€19,874 | -2,860% |
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 17 October 2026 via checked.be.