SOREB: 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.
SOREB
Largest movements
- Deferred charges and accrued income +€27,649
new in 2024: €27,649
- Receivables within one year -€25,982
down €25,982 (-28.5%), from €91,124 to €65,142
of which Other amounts receivable: -€16,921
- Cash +€8,386
up €8,386 (+911.5%), from €920 to €9,306
mainly Receivables within one year (+€25,982) and Depreciation (+€10,401)
- Tangible fixed assets -€4,401
down €4,401 (-15.2%), from €28,898 to €24,497
- Stocks and contracts -€2,361
no longer reported in 2024 (was €2,361)
- Trade debts -€10,956
down €10,956 (-21.3%), from €51,329 to €40,373
- Profit (loss) carried forward +€9,159
up €9,159 (+15.1%), from €60,558 to €69,717
- Advances received +€3,262
new in 2024: €3,262
- Tax, wage and social debts +€1,827
up €1,827 (+26.2%), from €6,981 to €8,807
- Gross operating margin -€11,348
down €11,348 (-29.6%), from €38,388 to €27,039
- Depreciation -€10,087
down €10,087 (-49.2%), from €20,489 to €10,401
- Other operating charges -€2,302
down €2,302 (-33.2%), from €6,927 to €4,626
- Financial charges +€658
up €658 (+154.7%), from €425 to €1,083
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.
Cash bridge derived
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 | €123,303 | €126,594 | +€3,291 | +2.7% |
| Fixed assets | 21/28 | €28,898 | €24,497 | -€4,401 | -15.2% |
| Tangible fixed assets | 22/27 | €28,898 | €24,497 | -€4,401 | -15.2% |
| Plant, machinery and equipment | 23 | €3,895 | €2,767 | -€1,127 | -28.9% |
| Furniture and vehicles | 24 | €18,860 | €17,026 | -€1,834 | -9.7% |
| Other tangible fixed assets | 26 | €6,143 | €4,703 | -€1,440 | -23.4% |
| Current assets | 29/58 | €94,405 | €102,097 | +€7,692 | +8.1% |
| Stocks and contracts in progress | 3 | €2,361 | - | -€2,361 | |
| Stocks | 30/36 | €2,361 | - | -€2,361 | |
| Amounts receivable within one year | 40/41 | €91,124 | €65,142 | -€25,982 | -28.5% |
| Trade receivables | 40 | €55,852 | €46,792 | -€9,060 | -16.2% |
| Other amounts receivable | 41 | €35,272 | €18,350 | -€16,921 | -48.0% |
| Cash at bank and in hand | 54/58 | €920 | €9,306 | +€8,386 | +911.5% |
| Deferred charges and accrued income | 490/1 | - | €27,649 | +€27,649 | |
| Total equity and liabilities | 10/49 | €123,303 | €126,594 | +€3,291 | +2.7% |
| Equity | 10/15 | €64,993 | €74,152 | +€9,159 | +14.1% |
| Contributions | 10/11 | €4,320 | €4,320 | = | 0.0% |
| Contributions outside capital | 11 | €4,320 | €4,320 | = | 0.0% |
| Other | 1109/19 | €4,320 | €4,320 | = | 0.0% |
| Reserves | 13 | €115 | €115 | = | 0.0% |
| Non-distributable reserves | 130/1 | €115 | €115 | = | 0.0% |
| Reserves not available under the articles | 1311 | €115 | €115 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,558 | €69,717 | +€9,159 | +15.1% |
| Amounts payable | 17/49 | €58,310 | €52,442 | -€5,868 | -10.1% |
| Amounts payable within one year | 42/48 | €58,310 | €52,442 | -€5,868 | -10.1% |
| Trade debts | 44 | €51,329 | €40,373 | -€10,956 | -21.3% |
| Suppliers | 440/4 | €51,329 | €40,373 | -€10,956 | -21.3% |
| Advances received on contracts in progress | 46 | - | €3,262 | +€3,262 | |
| Taxes, remuneration and social security | 45 | €6,981 | €8,807 | +€1,827 | +26.2% |
| Taxes | 450/3 | €6,981 | €8,807 | +€1,827 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,489 | €10,401 | -€10,087 | -49.2% |
| Other operating charges | 640/8 | €6,927 | €4,626 | -€2,302 | -33.2% |
| Gross operating margin | 9900 | €38,388 | €27,039 | -€11,348 | -29.6% |
| Operating profit (loss) | 9901 | €10,971 | €12,012 | +€1,041 | +9.5% |
| Financial income | 75/76B | €1,959 | €1,625 | -€335 | -17.1% |
| Recurring financial income | 75 | €1,959 | €1,625 | -€335 | -17.1% |
| Financial charges | 65/66B | €425 | €1,083 | +€658 | +154.7% |
| Recurring financial charges | 65 | €425 | €1,083 | +€658 | +154.7% |
| Profit (loss) for the period before taxes | 9903 | €12,506 | €12,555 | +€49 | +0.4% |
| Income taxes | 67/77 | €3,220 | €3,396 | +€176 | +5.5% |
| Profit (loss) for the period | 9904 | €9,286 | €9,159 | -€127 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,286 | €9,159 | -€127 | -1.4% |
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 10 October 2026 via checked.be.