SORELUX: 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.
SORELUX
Largest movements
- Receivables after one year +€100,000
up €100,000 (+35.1%), from €285,000 to €385,000
- Cash -€55,739
down €55,739 (-17.6%), from €315,823 to €260,084
mainly Receivables after one year (-€100,000) and Investment in fixed assets (net) (-€79,433)
- Receivables within one year -€45,433
down €45,433 (-48.4%), from €93,919 to €48,486
of which Other amounts receivable: -€31,982
- Short-term financial debts -€62,615
down €62,615 (-74.1%), from €84,523 to €21,908
- Profit (loss) carried forward +€45,092
up €45,092 (+20.7%), from €217,431 to €262,524
- Trade debts +€10,015
up €10,015 (+4.7%), from €214,209 to €224,224
- Staff costs +€125,217
up €125,217 (+10.3%), from €1.2m to €1.3m
- Gross operating margin -€44,423
down €44,423 (-2.9%), from €1.5m to €1.5m
- Taxes -€41,529
down €41,529 (-73.0%), from €56,874 to €15,345
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 | €956,743 | €947,420 | -€9,322 | -1.0% |
| Fixed assets | 21/28 | €223,776 | €214,886 | -€8,891 | -4.0% |
| Intangible fixed assets | 21 | €33,084 | €24,733 | -€8,351 | -25.2% |
| Tangible fixed assets | 22/27 | €189,285 | €188,746 | -€539 | -0.3% |
| Furniture and vehicles | 24 | €22,546 | €13,672 | -€8,874 | -39.4% |
| Other tangible fixed assets | 26 | €166,739 | €175,074 | +€8,334 | +5.0% |
| Financial fixed assets | 28 | €1,407 | €1,407 | = | 0.0% |
| Current assets | 29/58 | €732,967 | €732,535 | -€432 | -0.1% |
| Amounts receivable after more than one year | 29 | €285,000 | €385,000 | +€100,000 | +35.1% |
| Other amounts receivable | 291 | €285,000 | €385,000 | +€100,000 | +35.1% |
| Stocks and contracts in progress | 3 | €19,844 | €23,649 | +€3,804 | +19.2% |
| Stocks | 30/36 | €19,844 | €23,649 | +€3,804 | +19.2% |
| Amounts receivable within one year | 40/41 | €93,919 | €48,486 | -€45,433 | -48.4% |
| Trade receivables | 40 | €21,666 | €8,215 | -€13,451 | -62.1% |
| Other amounts receivable | 41 | €72,253 | €40,271 | -€31,982 | -44.3% |
| Cash at bank and in hand | 54/58 | €315,823 | €260,084 | -€55,739 | -17.6% |
| Deferred charges and accrued income | 490/1 | €18,380 | €15,316 | -€3,064 | -16.7% |
| Total equity and liabilities | 10/49 | €956,743 | €947,420 | -€9,322 | -1.0% |
| Equity | 10/15 | €489,474 | €534,567 | +€45,092 | +9.2% |
| Contributions | 10/11 | €68,173 | €68,173 | = | 0.0% |
| Reserves | 13 | €203,870 | €203,870 | = | 0.0% |
| Distributable reserves | 133 | €203,870 | €203,870 | = | 0.0% |
| Profit (loss) carried forward | 14 | €217,431 | €262,524 | +€45,092 | +20.7% |
| Amounts payable | 17/49 | €467,268 | €412,854 | -€54,415 | -11.6% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Other amounts payable | 178/9 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €447,268 | €392,854 | -€54,415 | -12.2% |
| Financial debts | 43 | €84,523 | €21,908 | -€62,615 | -74.1% |
| Credit institutions | 430/8 | €84,523 | €21,908 | -€62,615 | -74.1% |
| Trade debts | 44 | €214,209 | €224,224 | +€10,015 | +4.7% |
| Suppliers | 440/4 | €214,209 | €224,224 | +€10,015 | +4.7% |
| Taxes, remuneration and social security | 45 | €147,434 | €146,004 | -€1,430 | -1.0% |
| Taxes | 450/3 | €5,064 | €4,112 | -€952 | -18.8% |
| Remuneration and social security | 454/9 | €142,370 | €141,892 | -€478 | -0.3% |
| Other amounts payable | 47/48 | €1,103 | €718 | -€385 | -34.9% |
| Remuneration, social security and pensions | 62 | €1,213,154 | €1,338,371 | +€125,217 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,896 | €88,324 | -€1,573 | -1.7% |
| Other operating charges | 640/8 | €6,302 | €5,664 | -€638 | -10.1% |
| Gross operating margin | 9900 | €1,544,265 | €1,499,842 | -€44,423 | -2.9% |
| Operating profit (loss) | 9901 | €234,913 | €67,484 | -€167,429 | -71.3% |
| Financial income | 75/76B | €3,039 | €263 | -€2,776 | -91.4% |
| Recurring financial income | 75 | €3,039 | €263 | -€2,776 | -91.4% |
| Financial charges | 65/66B | €13,690 | €7,309 | -€6,381 | -46.6% |
| Recurring financial charges | 65 | €13,690 | €7,309 | -€6,381 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €224,262 | €60,437 | -€163,824 | -73.1% |
| Income taxes | 67/77 | €56,874 | €15,345 | -€41,529 | -73.0% |
| Profit (loss) for the period | 9904 | €167,387 | €45,092 | -€122,295 | -73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €167,387 | €45,092 | -€122,295 | -73.1% |
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 8 October 2026 via checked.be.