SOREGAM: 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.
What changed
SOREGAM
NACE 24.510, Manufacture of basic metals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€404,805
2024 · €313,357+€91,447
Equity
€7.7m
2024 · €7.3m+€404,805
Cash
€7,808
2024 · €925+€6,883
Balance sheet total
€11.2m
2024 · €9.8m+€1.3m
Largest movements
Assets
- Intangible fixed assets +€1.9m
up €1.9m (+32.5%), from €5.8m to €7.7m
- Receivables within one year -€917,054
down €917,054 (-23.8%), from €3.8m to €2.9m
of which Other amounts receivable: -€1.6m
- Deferred charges and accrued income +€192,472
up €192,472 (+267%), from €72,183 to €264,655
- Tangible fixed assets +€164,747
up €164,747 (+232%), from €71,067 to €235,814
Equity and liabilities
- Trade debts +€921,467
up €921,467 (+40.2%), from €2.3m to €3.2m
- Profit (loss) carried forward +€404,805
up €404,805 (+51.4%), from -€786,881 to -€382,076
Income statement
- Turnover +€1.8m
up €1.8m (+19.5%), from €9.2m to €11.0m
- Services and other goods +€1.1m
up €1.1m (+16.4%), from €6.8m to €7.9m
- Depreciation +€333,290
up €333,290 (+23.9%), from €1.4m to €1.7m
- Taxes +€136,461
up €136,461 (+72.5%), from €188,189 to €324,650
- Staff costs +€126,651
up €126,651 (+15.9%), from €798,668 to €925,319
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.
Result 2024
€313,357
Turnover
+€1.8m
Other operating income
-€31,592
Services and other goods
-€1.1m
Staff costs
-€126,651
Depreciation
-€333,290
Other operating charges
-€122,688
Other operating items
+€179,863
Financial income
-€41,149
Financial charges
+€10,674
Taxes
-€136,461
Result 2025
€404,805
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.8m
Investment
-€3.8m
Financing
€0
Cash 2024
€925
From operations (derived)
+€3.8m
Net result for the year
+€404,805
Depreciation
+€1.7m
Receivables within one year
+€917,054
Deferred charges and accrued income
-€192,472
Trade debts
+€921,467
Tax, wage and social debts
+€17,702
Investment (derived)
-€3.8m
Investment in fixed assets (net)
-€3.8m
Cash 2025
€7,808
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,819,837 | €11,163,811 | +€1.3m | +13.7% |
| Fixed assets | 21/28 | €5,900,110 | €7,961,781 | +€2.1m | +34.9% |
| Intangible fixed assets | 21 | €5,827,817 | €7,724,742 | +€1.9m | +32.5% |
| Tangible fixed assets | 22/27 | €71,067 | €235,814 | +€164,747 | +232% |
| Furniture and vehicles | 24 | €71,067 | €235,814 | +€164,747 | +232% |
| Financial fixed assets | 28 | €1,225 | €1,225 | = | 0.0% |
| Affiliated companies | 280/1 | €1,225 | €1,225 | = | 0.0% |
| Participating interests | 280 | €1,225 | €1,225 | = | 0.0% |
| Current assets | 29/58 | €3,919,728 | €3,202,029 | -€717,699 | -18.3% |
| Amounts receivable within one year | 40/41 | €3,846,620 | €2,929,567 | -€917,054 | -23.8% |
| Trade receivables | 40 | €1,168,360 | €1,839,437 | +€671,078 | +57.4% |
| Other amounts receivable | 41 | €2,678,260 | €1,090,129 | -€1.6m | -59.3% |
| Cash at bank and in hand | 54/58 | €925 | €7,808 | +€6,883 | +744% |
| Deferred charges and accrued income | 490/1 | €72,183 | €264,655 | +€192,472 | +267% |
| Total equity and liabilities | 10/49 | €9,819,837 | €11,163,811 | +€1.3m | +13.7% |
| Equity | 10/15 | €7,309,083 | €7,713,888 | +€404,805 | +5.5% |
| Contributions | 10/11 | €8,092,662 | €8,092,662 | = | 0.0% |
| Capital | 10 | €8,092,662 | €8,092,662 | = | 0.0% |
| Issued capital | 100 | €8,092,662 | €8,092,662 | = | 0.0% |
| Reserves | 13 | €3,303 | €3,303 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,303 | €3,303 | = | 0.0% |
| Legal reserve | 130 | €3,303 | €3,303 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€786,881 | -€382,076 | +€404,805 | +51.4% |
| Amounts payable | 17/49 | €2,510,754 | €3,449,923 | +€939,169 | +37.4% |
| Amounts payable within one year | 42/48 | €2,510,754 | €3,449,923 | +€939,169 | +37.4% |
| Trade debts | 44 | €2,294,903 | €3,216,370 | +€921,467 | +40.2% |
| Suppliers | 440/4 | €2,294,903 | €3,216,370 | +€921,467 | +40.2% |
| Taxes, remuneration and social security | 45 | €215,851 | €233,552 | +€17,702 | +8.2% |
| Taxes | 450/3 | €25,608 | €28,577 | +€2,969 | +11.6% |
| Remuneration and social security | 454/9 | €190,243 | €204,975 | +€14,733 | +7.7% |
| Operating income | 70/76A | €9,465,953 | €11,414,134 | +€1.9m | +20.6% |
| Turnover | 70 | €9,241,512 | €11,041,422 | +€1.8m | +19.5% |
| Own construction capitalised | 72 | €136,670 | €316,534 | +€179,863 | +132% |
| Other operating income | 74 | €87,771 | €56,178 | -€31,592 | -36.0% |
| Operating charges | 60/66A | €9,029,208 | €10,719,008 | +€1.7m | +18.7% |
| Services and other goods | 61 | €6,762,793 | €7,869,963 | +€1.1m | +16.4% |
| Remuneration, social security and pensions | 62 | €798,668 | €925,319 | +€126,651 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,394,023 | €1,727,313 | +€333,290 | +23.9% |
| Other operating charges | 640/8 | €73,724 | €196,412 | +€122,688 | +166% |
| Operating profit (loss) | 9901 | €436,744 | €695,127 | +€258,383 | +59.2% |
| Financial income | 75/76B | €99,577 | €58,428 | -€41,149 | -41.3% |
| Recurring financial income | 75 | €99,577 | €58,428 | -€41,149 | -41.3% |
| Income from current assets | 751 | €96,984 | €13,565 | -€83,419 | -86.0% |
| Other financial income | 752/9 | €2,593 | €44,863 | +€42,270 | +1,630% |
| Financial charges | 65/66B | €34,775 | €24,101 | -€10,674 | -30.7% |
| Recurring financial charges | 65 | €34,775 | €24,101 | -€10,674 | -30.7% |
| Debt charges | 650 | €9,079 | €9,731 | +€652 | +7.2% |
| Other financial charges | 652/9 | €25,696 | €14,370 | -€11,326 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €501,546 | €729,454 | +€227,908 | +45.4% |
| Income taxes | 67/77 | €188,189 | €324,650 | +€136,461 | +72.5% |
| Taxes | 670/3 | €188,189 | €324,650 | +€136,461 | +72.5% |
| Profit (loss) for the period | 9904 | €313,357 | €404,805 | +€91,447 | +29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €313,357 | €404,805 | +€91,447 | +29.2% |
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 21 October 2026 via checked.be.