SOREKA: 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.
SOREKA
Largest movements
- Stocks and contracts -€42,394
down €42,394 (-45.9%), from €92,265 to €49,871
- Cash -€24,937
down €24,937 (-33.8%), from €73,733 to €48,796
mainly Other debts (-€82,143) and Investment in fixed assets (net) (-€11,737)
- Tangible fixed assets +€7,300
up €7,300 (+96.5%), from €7,567 to €14,868
of which Furniture and vehicles: +€8,220
- Other debts -€82,143
down €82,143 (-97.9%), from €83,937 to €1,795
- Tax, wage and social debts +€12,396
up €12,396 (+133.4%), from €9,293 to €21,689
of which Taxes: +€14,469
- Profit (loss) carried forward +€9,923
no longer reported in 2025 (was -€9,923)
- Reserves +€3,083
up €3,083 (+8.2%), from €37,388 to €40,471
of which Distributable reserves: +€3,083
- Trade debts -€2,540
down €2,540 (-25.9%), from €9,804 to €7,265
- Gross operating margin +€26,477
up €26,477 (+658.6%), from €4,020 to €30,497
- Depreciation +€2,737
up €2,737 (+161.1%), from €1,699 to €4,436
- Taxes +€1,744
up €1,744 (+773.3%), from €226 to €1,969
- Financial charges -€785
down €785 (-9.8%), from €8,046 to €7,261
- Staff costs -€337
down €337 (-5.2%), from €6,429 to €6,092
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 | €177,860 | €116,143 | -€61,717 | -34.7% |
| Fixed assets | 21/28 | €7,622 | €14,923 | +€7,300 | +95.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €7,567 | €14,868 | +€7,300 | +96.5% |
| Land and buildings | 22 | €1,548 | €1,330 | -€218 | -14.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €972 | €9,193 | +€8,220 | +845.3% |
| Other tangible fixed assets | 26 | €5,046 | €4,344 | -€702 | -13.9% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €170,238 | €101,220 | -€69,018 | -40.5% |
| Stocks and contracts in progress | 3 | €92,265 | €49,871 | -€42,394 | -45.9% |
| Stocks | 30/36 | €92,265 | €49,871 | -€42,394 | -45.9% |
| Amounts receivable within one year | 40/41 | €821 | - | -€821 | |
| Other amounts receivable | 41 | €821 | - | -€821 | |
| Cash at bank and in hand | 54/58 | €73,733 | €48,796 | -€24,937 | -33.8% |
| Deferred charges and accrued income | 490/1 | €3,419 | €2,553 | -€866 | -25.3% |
| Total equity and liabilities | 10/49 | €177,860 | €116,143 | -€61,717 | -34.7% |
| Equity | 10/15 | €65,465 | €78,471 | +€13,006 | +19.9% |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Reserves | 13 | €37,388 | €40,471 | +€3,083 | +8.2% |
| Tax-exempt reserves | 132 | €639 | €639 | = | 0.0% |
| Distributable reserves | 133 | €36,749 | €39,832 | +€3,083 | +8.4% |
| Profit (loss) carried forward | 14 | -€9,923 | - | +€9,923 | |
| Amounts payable | 17/49 | €112,395 | €37,672 | -€74,723 | -66.5% |
| Amounts payable within one year | 42/48 | €103,035 | €30,749 | -€72,286 | -70.2% |
| Trade debts | 44 | €9,804 | €7,265 | -€2,540 | -25.9% |
| Suppliers | 440/4 | €9,804 | €7,265 | -€2,540 | -25.9% |
| Taxes, remuneration and social security | 45 | €9,293 | €21,689 | +€12,396 | +133.4% |
| Taxes | 450/3 | €6,247 | €20,716 | +€14,469 | +231.6% |
| Remuneration and social security | 454/9 | €3,046 | €974 | -€2,073 | -68.0% |
| Other amounts payable | 47/48 | €83,937 | €1,795 | -€82,143 | -97.9% |
| Accrued charges and deferred income | 492/3 | €9,360 | €6,923 | -€2,437 | -26.0% |
| Remuneration, social security and pensions | 62 | €6,429 | €6,092 | -€337 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,699 | €4,436 | +€2,737 | +161.1% |
| Other operating charges | 640/8 | €853 | €973 | +€120 | +14.0% |
| Gross operating margin | 9900 | €4,020 | €30,497 | +€26,477 | +658.6% |
| Operating profit (loss) | 9901 | -€4,961 | €18,996 | +€23,957 | |
| Financial income | 75/76B | €3,310 | €3,240 | -€69 | -2.1% |
| Recurring financial income | 75 | €3,310 | €3,240 | -€69 | -2.1% |
| Financial charges | 65/66B | €8,046 | €7,261 | -€785 | -9.8% |
| Recurring financial charges | 65 | €8,046 | €7,261 | -€785 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,697 | €14,975 | +€24,672 | |
| Income taxes | 67/77 | €226 | €1,969 | +€1,744 | +773.3% |
| Profit (loss) for the period | 9904 | -€9,923 | €13,006 | +€22,929 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,923 | €13,006 | +€22,929 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.