SORECOPA: 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.
SORECOPA
Largest movements
- Receivables within one year -€9,869
down €9,869 (-18.3%), from €53,820 to €43,951
of which Trade receivables: -€19,624
- Stocks and contracts +€5,052
up €5,052 (+28.8%), from €17,566 to €22,618
- Cash +€2,325
up €2,325 (+14.6%), from €15,971 to €18,296
mainly Tax, wage and social debts (+€23,375) and Receivables within one year (+€9,869)
- Trade debts -€27,773
down €27,773 (-45.0%), from €61,689 to €33,916
- Tax, wage and social debts +€23,375
up €23,375 (+533.7%), from €4,380 to €27,755
of which Remuneration and social security: +€18,598
- Profit (loss) carried forward +€4,300
up €4,300, from -€1,556 to €2,744
- Other debts -€2,393
no longer reported in 2025 (was €2,393)
- Gross operating margin -€44,068
down €44,068 (-54.0%), from €81,658 to €37,590
- Staff costs -€37,932
down €37,932 (-64.7%), from €58,627 to €20,695
- Taxes +€2,935
up €2,935 (+308.5%), from €952 to €3,887
- Financial charges +€2,211
up €2,211 (+61.5%), from €3,597 to €5,808
- Other operating charges +€1,465
up €1,465 (+102.1%), from €1,435 to €2,901
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 | €87,357 | €84,865 | -€2,492 | -2.9% |
| Current assets | 29/58 | €87,357 | €84,865 | -€2,492 | -2.9% |
| Stocks and contracts in progress | 3 | €17,566 | €22,618 | +€5,052 | +28.8% |
| Stocks | 30/36 | €17,566 | €22,618 | +€5,052 | +28.8% |
| Amounts receivable within one year | 40/41 | €53,820 | €43,951 | -€9,869 | -18.3% |
| Trade receivables | 40 | €47,613 | €27,989 | -€19,624 | -41.2% |
| Other amounts receivable | 41 | €6,207 | €15,962 | +€9,755 | +157.2% |
| Cash at bank and in hand | 54/58 | €15,971 | €18,296 | +€2,325 | +14.6% |
| Total equity and liabilities | 10/49 | €87,357 | €84,865 | -€2,492 | -2.9% |
| Equity | 10/15 | €18,895 | €23,195 | +€4,300 | +22.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,556 | €2,744 | +€4,300 | |
| Amounts payable | 17/49 | €68,462 | €61,670 | -€6,792 | -9.9% |
| Amounts payable within one year | 42/48 | €68,462 | €61,670 | -€6,792 | -9.9% |
| Trade debts | 44 | €61,689 | €33,916 | -€27,773 | -45.0% |
| Suppliers | 440/4 | €61,689 | €33,916 | -€27,773 | -45.0% |
| Taxes, remuneration and social security | 45 | €4,380 | €27,755 | +€23,375 | +533.7% |
| Taxes | 450/3 | €4,380 | €9,157 | +€4,777 | +109.1% |
| Remuneration and social security | 454/9 | - | €18,598 | +€18,598 | |
| Other amounts payable | 47/48 | €2,393 | - | -€2,393 | |
| Remuneration, social security and pensions | 62 | €58,627 | €20,695 | -€37,932 | -64.7% |
| Other operating charges | 640/8 | €1,435 | €2,901 | +€1,465 | +102.1% |
| Gross operating margin | 9900 | €81,658 | €37,590 | -€44,068 | -54.0% |
| Operating profit (loss) | 9901 | €21,596 | €13,995 | -€7,601 | -35.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,597 | €5,808 | +€2,211 | +61.5% |
| Recurring financial charges | 65 | €3,597 | €5,808 | +€2,211 | +61.5% |
| Profit (loss) for the period before taxes | 9903 | €17,999 | €8,187 | -€9,812 | -54.5% |
| Income taxes | 67/77 | €952 | €3,887 | +€2,935 | +308.5% |
| Profit (loss) for the period | 9904 | €17,047 | €4,300 | -€12,747 | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,047 | €4,300 | -€12,747 | -74.8% |
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 12 October 2026 via checked.be.