SORELTEK: 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.
SORELTEK
Largest movements
- Receivables within one year -€550,168
down €550,168 (-54.8%), from €1.0m to €454,437
of which Trade receivables: -€310,201
- Cash -€136,056
down €136,056 (-14.6%), from €933,225 to €797,169
mainly Other debts (-€661,692) and Net result for the year (-€89,234)
- Tangible fixed assets -€36,945
down €36,945 (-4.4%), from €831,761 to €794,816
- Other debts -€661,692
down €661,692 (-42.4%), from €1.6m to €899,061
- Profit (loss) carried forward -€89,234
down €89,234 (-69.7%), from -€127,974 to -€217,208
- Gross operating margin -€67,508
down €67,508 (-60275.0%), from -€112 to -€67,620
- Purchases and services +€52,948
up €52,948 (+155.2%), from €34,112 to €87,060
- Turnover -€14,560
down €14,560 (-42.8%), from €34,000 to €19,440
- Financial income -€2,176
down €2,176 (-11.7%), from €18,612 to €16,436
- Other operating charges -€1,397
down €1,397 (-56.8%), from €2,461 to €1,064
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 | €3,687,695 | €2,964,526 | -€723,169 | -19.6% |
| Fixed assets | 21/28 | €1,749,865 | €1,712,920 | -€36,945 | -2.1% |
| Tangible fixed assets | 22/27 | €831,761 | €794,816 | -€36,945 | -4.4% |
| Land and buildings | 22 | €831,761 | €794,816 | -€36,945 | -4.4% |
| Financial fixed assets | 28 | €918,104 | €918,104 | = | 0.0% |
| Current assets | 29/58 | €1,937,830 | €1,251,606 | -€686,224 | -35.4% |
| Amounts receivable within one year | 40/41 | €1,004,605 | €454,437 | -€550,168 | -54.8% |
| Trade receivables | 40 | €310,201 | - | -€310,201 | |
| Other amounts receivable | 41 | €694,404 | €454,437 | -€239,967 | -34.6% |
| Cash at bank and in hand | 54/58 | €933,225 | €797,169 | -€136,056 | -14.6% |
| Total equity and liabilities | 10/49 | €3,687,695 | €2,964,526 | -€723,169 | -19.6% |
| Equity | 10/15 | €122,026 | €32,792 | -€89,234 | -73.1% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,974 | -€217,208 | -€89,234 | -69.7% |
| Amounts payable | 17/49 | €3,565,669 | €2,931,734 | -€633,935 | -17.8% |
| Amounts payable after more than one year | 17 | €2,000,000 | €2,000,000 | = | 0.0% |
| Financial debts | 170/4 | €2,000,000 | €2,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,565,669 | €931,734 | -€633,935 | -40.5% |
| Trade debts | 44 | €4,916 | €30,118 | +€25,202 | +512.7% |
| Suppliers | 440/4 | €4,916 | €30,118 | +€25,202 | +512.7% |
| Taxes, remuneration and social security | 45 | - | €2,555 | +€2,555 | |
| Taxes | 450/3 | - | €2,555 | +€2,555 | |
| Other amounts payable | 47/48 | €1,560,753 | €899,061 | -€661,692 | -42.4% |
| Turnover | 70 | €34,000 | €19,440 | -€14,560 | -42.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €34,112 | €87,060 | +€52,948 | +155.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,945 | €36,945 | = | 0.0% |
| Other operating charges | 640/8 | €2,461 | €1,064 | -€1,397 | -56.8% |
| Gross operating margin | 9900 | -€112 | -€67,620 | -€67,508 | -60275.0% |
| Operating profit (loss) | 9901 | -€39,518 | -€105,629 | -€66,111 | -167.3% |
| Financial income | 75/76B | €18,612 | €16,436 | -€2,176 | -11.7% |
| Recurring financial income | 75 | €18,612 | €16,436 | -€2,176 | -11.7% |
| Financial charges | 65/66B | €422 | €41 | -€381 | -90.3% |
| Recurring financial charges | 65 | €422 | €41 | -€381 | -90.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,328 | -€89,234 | -€67,906 | -318.4% |
| Profit (loss) for the period | 9904 | -€21,328 | -€89,234 | -€67,906 | -318.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,328 | -€89,234 | -€67,906 | -318.4% |
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.