SORDO CONSTRUCTIE: 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.
SORDO CONSTRUCTIE
Largest movements
- Receivables within one year -€60,571
down €60,571 (-24.5%), from €247,395 to €186,824
of which Trade receivables: -€79,011
- Cash -€45,300
down €45,300 (-55.6%), from €81,443 to €36,143
mainly Debts after one year (-€73,666) and Other debts (-€30,000)
- Stocks and contracts +€8,198
new in 2025: €8,198
- Debts after one year -€73,666
down €73,666 (-61.4%), from €120,000 to €46,334
- Other debts -€30,000
down €30,000 (-99.4%), from €30,184 to €184
- Trade debts -€14,930
down €14,930 (-13.1%), from €113,800 to €98,870
- Current portion of long-term debt +€10,998
new in 2025: €10,998
- Profit (loss) carried forward +€8,552
up €8,552 (+12.2%), from €70,117 to €78,669
- Staff costs +€47,131
up €47,131 (+102%), from €46,147 to €93,278
- Other operating charges +€21,832
up €21,832 (+322%), from €6,788 to €28,620
- Taxes -€6,123
down €6,123 (-56.2%), from €10,887 to €4,764
- Depreciation -€5,860
no longer reported in 2025 (was €5,860)
- Gross operating margin -€5,267
down €5,267 (-3.8%), from €139,502 to €134,235
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 | €357,407 | €260,011 | -€97,396 | -27.3% |
| Fixed assets | 21/28 | €27,446 | €28,846 | +€1,400 | +5.1% |
| Tangible fixed assets | 22/27 | €25,691 | €27,591 | +€1,900 | +7.4% |
| Plant, machinery and equipment | 23 | €22,078 | €23,978 | +€1,900 | +8.6% |
| Furniture and vehicles | 24 | €3,613 | €3,613 | = | 0.0% |
| Financial fixed assets | 28 | €1,755 | €1,255 | -€500 | -28.5% |
| Current assets | 29/58 | €329,961 | €231,165 | -€98,796 | -29.9% |
| Stocks and contracts in progress | 3 | - | €8,198 | +€8,198 | |
| Stocks | 30/36 | - | €8,198 | +€8,198 | |
| Amounts receivable within one year | 40/41 | €247,395 | €186,824 | -€60,571 | -24.5% |
| Trade receivables | 40 | €168,715 | €89,704 | -€79,011 | -46.8% |
| Other amounts receivable | 41 | €78,680 | €97,120 | +€18,440 | +23.4% |
| Cash at bank and in hand | 54/58 | €81,443 | €36,143 | -€45,300 | -55.6% |
| Deferred charges and accrued income | 490/1 | €1,123 | - | -€1,123 | |
| Total equity and liabilities | 10/49 | €357,407 | €260,011 | -€97,396 | -27.3% |
| Equity | 10/15 | €70,118 | €78,670 | +€8,552 | +12.2% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Contributions outside capital | 11 | €1 | €1 | = | 0.0% |
| Other | 1109/19 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,117 | €78,669 | +€8,552 | +12.2% |
| Amounts payable | 17/49 | €287,289 | €181,341 | -€105,948 | -36.9% |
| Amounts payable after more than one year | 17 | €120,000 | €46,334 | -€73,666 | -61.4% |
| Financial debts | 170/4 | €120,000 | €46,334 | -€73,666 | -61.4% |
| Amounts payable within one year | 42/48 | €167,289 | €133,949 | -€33,340 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | - | €10,998 | +€10,998 | |
| Trade debts | 44 | €113,800 | €98,870 | -€14,930 | -13.1% |
| Suppliers | 440/4 | €113,800 | €98,870 | -€14,930 | -13.1% |
| Advances received on contracts in progress | 46 | €5,122 | €5,122 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €18,183 | €18,775 | +€592 | +3.3% |
| Taxes | 450/3 | €18,183 | €14,109 | -€4,074 | -22.4% |
| Remuneration and social security | 454/9 | - | €4,666 | +€4,666 | |
| Other amounts payable | 47/48 | €30,184 | €184 | -€30,000 | -99.4% |
| Accrued charges and deferred income | 492/3 | - | €1,058 | +€1,058 | |
| Non-recurring operating income | 76A | - | €39,486 | +€39,486 | |
| Remuneration, social security and pensions | 62 | €46,147 | €93,278 | +€47,131 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,860 | - | -€5,860 | |
| Other operating charges | 640/8 | €6,788 | €28,620 | +€21,832 | +322% |
| Gross operating margin | 9900 | €139,502 | €134,235 | -€5,267 | -3.8% |
| Operating profit (loss) | 9901 | €80,707 | €12,337 | -€68,370 | -84.7% |
| Financial income | 75/76B | €27 | €4,742 | +€4,715 | +17,463% |
| Recurring financial income | 75 | €27 | €4,742 | +€4,715 | +17,463% |
| Financial charges | 65/66B | €1,117 | €3,763 | +€2,646 | +237% |
| Recurring financial charges | 65 | €1,117 | €3,763 | +€2,646 | +237% |
| Profit (loss) for the period before taxes | 9903 | €79,617 | €13,316 | -€66,301 | -83.3% |
| Income taxes | 67/77 | €10,887 | €4,764 | -€6,123 | -56.2% |
| Profit (loss) for the period | 9904 | €68,730 | €8,552 | -€60,178 | -87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €68,730 | €8,552 | -€60,178 | -87.6% |
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 18 October 2026 via checked.be.