SORENAM: 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.
SORENAM
Largest movements
- Current investments +€149,925
new in 2025: €149,925
- Cash -€145,456
down €145,456 (-98.9%), from €147,147 to €1,691
mainly Current investments (-€149,925) and Receivables within one year (-€23,767)
- Receivables within one year +€23,767
up €23,767 (+151.6%), from €15,679 to €39,446
- Tangible fixed assets -€10,575
down €10,575 (-4.7%), from €225,475 to €214,900
of which Land and buildings: -€8,660
- Reserves +€18,370
up €18,370 (+23.1%), from €79,612 to €97,982
of which Distributable reserves: +€18,370
- Accrued charges and deferred income -€6,546
no longer reported in 2025 (was €6,546)
- Trade debts +€4,069
up €4,069 (+85.1%), from €4,782 to €8,851
- Gross operating margin +€1,771
up €1,771 (+3.2%), from €55,124 to €56,895
- Taxes -€1,290
down €1,290 (-13.7%), from €9,388 to €8,098
- Financial income +€1,137
up €1,137 (+200.3%), from €568 to €1,704
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 | €391,358 | €405,962 | +€14,604 | +3.7% |
| Fixed assets | 21/28 | €225,475 | €214,900 | -€10,575 | -4.7% |
| Tangible fixed assets | 22/27 | €225,475 | €214,900 | -€10,575 | -4.7% |
| Land and buildings | 22 | €198,015 | €189,355 | -€8,660 | -4.4% |
| Plant, machinery and equipment | 23 | €11,750 | €15,054 | +€3,304 | +28.1% |
| Furniture and vehicles | 24 | €15,710 | €10,491 | -€5,219 | -33.2% |
| Current assets | 29/58 | €165,883 | €191,062 | +€25,179 | +15.2% |
| Amounts receivable within one year | 40/41 | €15,679 | €39,446 | +€23,767 | +151.6% |
| Other amounts receivable | 41 | €15,679 | €39,446 | +€23,767 | +151.6% |
| Current investments | 50/53 | - | €149,925 | +€149,925 | |
| Cash at bank and in hand | 54/58 | €147,147 | €1,691 | -€145,456 | -98.9% |
| Deferred charges and accrued income | 490/1 | €3,057 | - | -€3,057 | |
| Total equity and liabilities | 10/49 | €391,358 | €405,962 | +€14,604 | +3.7% |
| Equity | 10/15 | €370,642 | €389,012 | +€18,370 | +5.0% |
| Contributions | 10/11 | €61,973 | €61,973 | -€0 | 0.0% |
| Capital | 10 | - | €61,973 | +€61,973 | |
| Issued capital | 100 | - | €61,973 | +€61,973 | |
| Contributions outside capital | 11 | €61,973 | - | -€61,973 | |
| Other | 1109/19 | €61,973 | - | -€61,973 | |
| Reserves | 13 | €79,612 | €97,982 | +€18,370 | +23.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | -€0 | 0.0% |
| Legal reserve | 130 | - | €6,197 | +€6,197 | |
| Reserves not available under the articles | 1311 | €6,197 | - | -€6,197 | |
| Distributable reserves | 133 | €73,415 | €91,785 | +€18,370 | +25.0% |
| Profit (loss) carried forward | 14 | €229,057 | €229,057 | +€0 | 0.0% |
| Amounts payable | 17/49 | €20,716 | €16,950 | -€3,766 | -18.2% |
| Amounts payable within one year | 42/48 | €14,170 | €16,950 | +€2,780 | +19.6% |
| Trade debts | 44 | €4,782 | €8,851 | +€4,069 | +85.1% |
| Suppliers | 440/4 | €4,782 | €8,851 | +€4,069 | +85.1% |
| Taxes, remuneration and social security | 45 | €9,388 | €8,099 | -€1,289 | -13.7% |
| Taxes | 450/3 | €9,388 | €8,099 | -€1,289 | -13.7% |
| Accrued charges and deferred income | 492/3 | €6,546 | - | -€6,546 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,365 | €20,834 | +€469 | +2.3% |
| Other operating charges | 640/8 | €10,771 | €11,195 | +€424 | +3.9% |
| Gross operating margin | 9900 | €55,124 | €56,895 | +€1,771 | +3.2% |
| Operating profit (loss) | 9901 | €23,988 | €24,866 | +€878 | +3.7% |
| Financial income | 75/76B | €568 | €1,704 | +€1,137 | +200.3% |
| Recurring financial income | 75 | €568 | €1,704 | +€1,137 | +200.3% |
| Financial charges | 65/66B | €122 | €101 | -€21 | -17.5% |
| Recurring financial charges | 65 | €122 | €101 | -€21 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €24,433 | €26,469 | +€2,036 | +8.3% |
| Income taxes | 67/77 | €9,388 | €8,098 | -€1,290 | -13.7% |
| Profit (loss) for the period | 9904 | €15,045 | €18,371 | +€3,326 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,045 | €18,371 | +€3,326 | +22.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.