SORELI: 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.
SORELI
Largest movements
- Cash +€98,290
up €98,290 (+32.6%), from €301,356 to €399,646
- Tangible fixed assets -€30,780
down €30,780 (-73.2%), from €42,062 to €11,282
of which Furniture and vehicles: -€25,256
- Receivables within one year -€15,512
down €15,512 (-64.3%), from €24,137 to €8,625
of which Other amounts receivable: -€15,026
- Other debts +€239,367
up €239,367 (+389.6%), from €61,440 to €300,807
- Reserves -€126,539
down €126,539 (-78.1%), from €162,103 to €35,564
of which Tax-exempt reserves: -€126,830
- Provisions -€31,708
down €31,708 (-97.2%), from €32,611 to €903
- Trade debts -€12,503
down €12,503 (-21.2%), from €59,104 to €46,600
- Debts after one year -€11,486
no longer reported in 2026 (was €11,486)
- Staff costs +€55,690
up €55,690 (+33.7%), from €165,317 to €221,006
- Gross operating margin +€44,114
up €44,114 (+19.5%), from €226,207 to €270,320
- Other operating charges -€4,177
down €4,177 (-61.5%), from €6,797 to €2,620
From the 2024 result to the 2026 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €386,222 | €436,008 | +€49,785 | +12.9% |
| Fixed assets | 21/28 | €44,165 | €12,939 | -€31,226 | -70.7% |
| Intangible fixed assets | 21 | €571 | - | -€571 | |
| Tangible fixed assets | 22/27 | €42,062 | €11,282 | -€30,780 | -73.2% |
| Plant, machinery and equipment | 23 | €7,501 | €1,977 | -€5,524 | -73.6% |
| Furniture and vehicles | 24 | €34,561 | €9,305 | -€25,256 | -73.1% |
| Financial fixed assets | 28 | €1,531 | €1,656 | +€125 | +8.2% |
| Current assets | 29/58 | €342,057 | €423,069 | +€81,012 | +23.7% |
| Stocks and contracts in progress | 3 | €4,184 | €4,757 | +€573 | +13.7% |
| Stocks | 30/36 | €4,184 | €4,757 | +€573 | +13.7% |
| Amounts receivable within one year | 40/41 | €24,137 | €8,625 | -€15,512 | -64.3% |
| Trade receivables | 40 | €2,275 | €1,789 | -€487 | -21.4% |
| Other amounts receivable | 41 | €21,862 | €6,836 | -€15,026 | -68.7% |
| Cash at bank and in hand | 54/58 | €301,356 | €399,646 | +€98,290 | +32.6% |
| Deferred charges and accrued income | 490/1 | €12,380 | €10,041 | -€2,339 | -18.9% |
| Total equity and liabilities | 10/49 | €386,222 | €436,008 | +€49,785 | +12.9% |
| Equity | 10/15 | €187,153 | €60,614 | -€126,539 | -67.6% |
| Contributions | 10/11 | €25,050 | €25,050 | = | 0.0% |
| Reserves | 13 | €162,103 | €35,564 | -€126,539 | -78.1% |
| Tax-exempt reserves | 132 | €130,443 | €3,613 | -€126,830 | -97.2% |
| Distributable reserves | 133 | €31,659 | €31,951 | +€292 | +0.9% |
| Provisions and deferred taxes | 16 | €32,611 | €903 | -€31,708 | -97.2% |
| Deferred taxes | 168 | €32,611 | €903 | -€31,708 | -97.2% |
| Amounts payable | 17/49 | €166,459 | €374,490 | +€208,032 | +125.0% |
| Amounts payable after more than one year | 17 | €11,486 | - | -€11,486 | |
| Financial debts | 170/4 | €11,486 | - | -€11,486 | |
| Amounts payable within one year | 42/48 | €154,941 | €374,487 | +€219,546 | +141.7% |
| Current portion of amounts payable after more than one year | 42 | €8,181 | €3,918 | -€4,263 | -52.1% |
| Trade debts | 44 | €59,104 | €46,600 | -€12,503 | -21.2% |
| Suppliers | 440/4 | €59,104 | €46,600 | -€12,503 | -21.2% |
| Taxes, remuneration and social security | 45 | €26,217 | €23,161 | -€3,055 | -11.7% |
| Taxes | 450/3 | €898 | €2,423 | +€1,526 | +170.0% |
| Remuneration and social security | 454/9 | €25,319 | €20,738 | -€4,581 | -18.1% |
| Other amounts payable | 47/48 | €61,440 | €300,807 | +€239,367 | +389.6% |
| Accrued charges and deferred income | 492/3 | €32 | €4 | -€28 | -88.7% |
| Non-recurring operating income | 76A | €10,000 | - | -€10,000 | |
| Remuneration, social security and pensions | 62 | €165,317 | €221,006 | +€55,690 | +33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,003 | €17,661 | +€2,658 | +17.7% |
| Other operating charges | 640/8 | €6,797 | €2,620 | -€4,177 | -61.5% |
| Gross operating margin | 9900 | €226,207 | €270,320 | +€44,114 | +19.5% |
| Operating profit (loss) | 9901 | €39,090 | €29,033 | -€10,057 | -25.7% |
| Financial income | 75/76B | €1,336 | €12 | -€1,324 | -99.1% |
| Recurring financial income | 75 | €1,336 | €12 | -€1,324 | -99.1% |
| Financial charges | 65/66B | €8,184 | €7,511 | -€673 | -8.2% |
| Recurring financial charges | 65 | €8,184 | €7,511 | -€673 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €32,242 | €21,534 | -€10,708 | -33.2% |
| Transfer from deferred taxes | 780 | €7,192 | €30,194 | +€23,002 | +319.8% |
| Income taxes | 67/77 | €327 | €2,371 | +€2,044 | +625.0% |
| Profit (loss) for the period | 9904 | €39,107 | €49,356 | +€10,249 | +26.2% |
| Transfer from tax-exempt reserves | 789 | €28,767 | €120,774 | +€92,007 | +319.8% |
| Profit (loss) for the period to be appropriated | 9905 | €67,874 | €170,130 | +€102,256 | +150.7% |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.