SORE: what changed
Two fiscal 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.
SORE
Largest movements
- Tangible fixed assets +€15,988
up €15,988 (+18.9%), from €84,531 to €100,519
- Cash -€2,612
down €2,612 (-54.0%), from €4,838 to €2,226
mainly Investment in fixed assets (net) (-€21,972) and Accrued charges and deferred income (-€124)
- Other debts +€9,905
up €9,905 (+15.1%), from €65,472 to €75,377
- Profit (loss) carried forward +€3,708
up €3,708 (+11.5%), from -€32,165 to -€28,457
- Gross operating margin +€10,097
up €10,097 (+519.1%), from €1,945 to €12,042
- Depreciation +€261
up €261 (+4.6%), from €5,723 to €5,984
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.
Cash bridge derived
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 | €90,156 | €103,557 | +€13,401 | +14.9% |
| Fixed assets | 21/28 | €84,531 | €100,519 | +€15,988 | +18.9% |
| Tangible fixed assets | 22/27 | €84,531 | €100,519 | +€15,988 | +18.9% |
| Land and buildings | 22 | €84,531 | €100,519 | +€15,988 | +18.9% |
| Current assets | 29/58 | €5,625 | €3,038 | -€2,587 | -46.0% |
| Cash at bank and in hand | 54/58 | €4,838 | €2,226 | -€2,612 | -54.0% |
| Deferred charges and accrued income | 490/1 | €787 | €812 | +€25 | +3.2% |
| Total equity and liabilities | 10/49 | €90,156 | €103,557 | +€13,401 | +14.9% |
| Equity | 10/15 | €20,753 | €24,461 | +€3,708 | +17.9% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €21,918 | €21,918 | = | 0.0% |
| Distributable reserves | 133 | €21,918 | €21,918 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,165 | -€28,457 | +€3,708 | +11.5% |
| Amounts payable | 17/49 | €69,403 | €79,096 | +€9,693 | +14.0% |
| Amounts payable within one year | 42/48 | €67,388 | €77,205 | +€9,817 | +14.6% |
| Trade debts | 44 | €1,916 | €1,828 | -€88 | -4.6% |
| Suppliers | 440/4 | €1,916 | €1,828 | -€88 | -4.6% |
| Other amounts payable | 47/48 | €65,472 | €75,377 | +€9,905 | +15.1% |
| Accrued charges and deferred income | 492/3 | €2,015 | €1,891 | -€124 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,723 | €5,984 | +€261 | +4.6% |
| Other operating charges | 640/8 | €2,307 | €2,278 | -€29 | -1.3% |
| Gross operating margin | 9900 | €1,945 | €12,042 | +€10,097 | +519.1% |
| Operating profit (loss) | 9901 | -€6,085 | €3,780 | +€9,865 | |
| Financial charges | 65/66B | €72 | €72 | = | 0.0% |
| Recurring financial charges | 65 | €72 | €72 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,157 | €3,708 | +€9,865 | |
| Profit (loss) for the period | 9904 | -€6,157 | €3,708 | +€9,865 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,157 | €3,708 | +€9,865 |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.