SORECO: 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.
SORECO
Largest movements
- Cash -€3,415
down €3,415 (-43.0%), from €7,936 to €4,520
mainly Trade debts (-€2,920) and Receivables within one year (-€397)
- Receivables within one year +€397
up €397 (+4.6%), from €8,549 to €8,946
of which Trade receivables: +€6,817
- Trade debts -€2,920
down €2,920 (-64.9%), from €4,498 to €1,578
- Gross operating margin -€13,130
down €13,130 (-95.6%), from €13,740 to €610
- Staff costs -€2,021
down €2,021 (-91.2%), from €2,216 to €195
- Other operating charges -€790
down €790 (-79.6%), from €993 to €203
- Depreciation -€272
no longer reported in 2025 (was €272)
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 | €16,911 | €13,893 | -€3,018 | -17.8% |
| Fixed assets | 21/28 | €427 | €427 | = | 0.0% |
| Tangible fixed assets | 22/27 | €427 | €427 | = | 0.0% |
| Furniture and vehicles | 24 | €427 | €427 | = | 0.0% |
| Current assets | 29/58 | €16,485 | €13,466 | -€3,018 | -18.3% |
| Amounts receivable within one year | 40/41 | €8,549 | €8,946 | +€397 | +4.6% |
| Trade receivables | 40 | €1,872 | €8,688 | +€6,817 | +364% |
| Other amounts receivable | 41 | €6,677 | €258 | -€6,419 | -96.1% |
| Cash at bank and in hand | 54/58 | €7,936 | €4,520 | -€3,415 | -43.0% |
| Total equity and liabilities | 10/49 | €16,911 | €13,893 | -€3,018 | -17.8% |
| Equity | 10/15 | €12,209 | €12,236 | +€26 | +0.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €2,000 | +€2,000 | |
| Other | 1109/19 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €10,209 | €10,236 | +€26 | +0.3% |
| Amounts payable | 17/49 | €4,702 | €1,657 | -€3,045 | -64.8% |
| Amounts payable within one year | 42/48 | €4,702 | €1,657 | -€3,045 | -64.8% |
| Trade debts | 44 | €4,498 | €1,578 | -€2,920 | -64.9% |
| Suppliers | 440/4 | €4,498 | €1,578 | -€2,920 | -64.9% |
| Taxes, remuneration and social security | 45 | €160 | €79 | -€81 | -50.4% |
| Taxes | 450/3 | €160 | €79 | -€81 | -50.4% |
| Other amounts payable | 47/48 | €44 | - | -€44 | |
| Remuneration, social security and pensions | 62 | €2,216 | €195 | -€2,021 | -91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272 | - | -€272 | |
| Other operating charges | 640/8 | €993 | €203 | -€790 | -79.6% |
| Gross operating margin | 9900 | €13,740 | €610 | -€13,130 | -95.6% |
| Operating profit (loss) | 9901 | €10,260 | €212 | -€10,047 | -97.9% |
| Financial charges | 65/66B | €50 | €107 | +€57 | +112% |
| Recurring financial charges | 65 | €50 | €107 | +€57 | +112% |
| Profit (loss) for the period before taxes | 9903 | €10,209 | €106 | -€10,104 | -99.0% |
| Income taxes | 67/77 | - | €79 | +€79 | |
| Profit (loss) for the period | 9904 | €10,209 | €26 | -€10,183 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,209 | €26 | -€10,183 | -99.7% |
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 18 October 2026 via checked.be.