SORELECO: 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.
SORELECO
Largest movements
- Current investments +€250,059
new in 2025: €250,059
- Cash -€154,007
down €154,007 (-46.8%), from €329,120 to €175,113
mainly Current investments (-€250,059) and Contributions, distributions and other (-€60,000)
- Reserves +€138,000
up €138,000 (+54.4%), from €253,500 to €391,500
- Tax, wage and social debts -€53,719
down €53,719 (-78.8%), from €68,179 to €14,460
- Other debts +€11,034
up €11,034 (+385%), from €2,866 to €13,900
- Gross operating margin +€22,752
up €22,752 (+9.6%), from €238,116 to €260,868
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 | €334,711 | €430,819 | +€96,108 | +28.7% |
| Fixed assets | 21/28 | €3,713 | €1,353 | -€2,360 | -63.6% |
| Tangible fixed assets | 22/27 | €3,608 | €1,248 | -€2,360 | -65.4% |
| Furniture and vehicles | 24 | €1,945 | €106 | -€1,839 | -94.6% |
| Other tangible fixed assets | 26 | €1,663 | €1,142 | -€521 | -31.3% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €330,997 | €429,466 | +€98,469 | +29.7% |
| Amounts receivable within one year | 40/41 | - | €393 | +€393 | |
| Other amounts receivable | 41 | - | €393 | +€393 | |
| Current investments | 50/53 | - | €250,059 | +€250,059 | |
| Cash at bank and in hand | 54/58 | €329,120 | €175,113 | -€154,007 | -46.8% |
| Deferred charges and accrued income | 490/1 | €1,878 | €3,901 | +€2,024 | +108% |
| Total equity and liabilities | 10/49 | €334,711 | €430,819 | +€96,108 | +28.7% |
| Equity | 10/15 | €259,320 | €397,477 | +€138,157 | +53.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €253,500 | €391,500 | +€138,000 | +54.4% |
| Distributable reserves | 133 | €253,500 | €391,500 | +€138,000 | +54.4% |
| Profit (loss) carried forward | 14 | €1,820 | €1,977 | +€157 | +8.6% |
| Amounts payable | 17/49 | €75,391 | €33,342 | -€42,049 | -55.8% |
| Amounts payable within one year | 42/48 | €75,391 | €33,220 | -€42,171 | -55.9% |
| Trade debts | 44 | €4,346 | €4,860 | +€514 | +11.8% |
| Suppliers | 440/4 | €4,346 | €4,860 | +€514 | +11.8% |
| Taxes, remuneration and social security | 45 | €68,179 | €14,460 | -€53,719 | -78.8% |
| Taxes | 450/3 | €68,179 | €14,460 | -€53,719 | -78.8% |
| Other amounts payable | 47/48 | €2,866 | €13,900 | +€11,034 | +385% |
| Accrued charges and deferred income | 492/3 | - | €122 | +€122 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,059 | €1,403 | -€1,656 | -54.1% |
| Other operating charges | 640/8 | €169 | €196 | +€27 | +16.1% |
| Gross operating margin | 9900 | €238,116 | €260,868 | +€22,752 | +9.6% |
| Operating profit (loss) | 9901 | €234,888 | €259,269 | +€24,381 | +10.4% |
| Financial income | 75/76B | - | €59 | +€59 | |
| Recurring financial income | 75 | - | €59 | +€59 | |
| Financial charges | 65/66B | €181 | €711 | +€530 | +293% |
| Recurring financial charges | 65 | €181 | €711 | +€530 | +293% |
| Profit (loss) for the period before taxes | 9903 | €234,707 | €258,617 | +€23,910 | +10.2% |
| Income taxes | 67/77 | €58,279 | €60,460 | +€2,181 | +3.7% |
| Profit (loss) for the period | 9904 | €176,428 | €198,157 | +€21,729 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €176,428 | €198,157 | +€21,729 | +12.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.