SORENCO: 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.
SORENCO
Largest movements
- Cash +€230,904
up €230,904 (+291%), from €79,465 to €310,369
mainly Current investments (+€168,059) and Receivables within one year (+€41,079)
- Current investments -€168,059
down €168,059 (-100%), from €168,059 to €0
- Receivables within one year -€41,079
down €41,079 (-14.1%), from €292,074 to €250,995
of which Trade receivables: -€82,267
- Tangible fixed assets -€31,622
down €31,622 (-39.6%), from €79,938 to €48,317
of which Furniture and vehicles: -€17,872
- Reserves +€38,299
up €38,299 (+8.3%), from €463,931 to €502,230
of which Distributable reserves: +€38,299
- Accrued charges and deferred income -€33,060
down €33,060 (-52.6%), from €62,910 to €29,850
- Trade debts +€19,236
up €19,236 (+20.3%), from €94,854 to €114,089
- Revaluation surpluses -€16,333
down €16,333 (-50.0%), from €32,667 to €16,333
- Tax, wage and social debts -€15,870
down €15,870 (-54.8%), from €28,937 to €13,068
of which Taxes: -€19,377
- Gross operating margin +€38,801
up €38,801 (+33.5%), from €115,797 to €154,598
- Write-downs +€15,375
up €15,375, from -€2,325 to €13,050
- Taxes +€14,000
up €14,000 (+111%), from €12,584 to €26,583
- Staff costs -€7,133
down €7,133 (-11.4%), from €62,335 to €55,201
- Financial income +€4,647
up €4,647 (+98.5%), from €4,717 to €9,364
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 | €659,388 | €652,906 | -€6,482 | -1.0% |
| Fixed assets | 21/28 | €79,938 | €48,317 | -€31,622 | -39.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €79,938 | €48,317 | -€31,622 | -39.6% |
| Land and buildings | 22 | €32,667 | €16,333 | -€16,333 | -50.0% |
| Plant, machinery and equipment | 23 | €5,512 | €4,596 | -€916 | -16.6% |
| Furniture and vehicles | 24 | €30,117 | €12,245 | -€17,872 | -59.3% |
| Other tangible fixed assets | 26 | €11,642 | €15,142 | +€3,500 | +30.1% |
| Current assets | 29/58 | €579,449 | €604,589 | +€25,140 | +4.3% |
| Stocks and contracts in progress | 3 | €30,987 | €30,987 | = | 0.0% |
| Stocks | 30/36 | €30,987 | €30,987 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €292,074 | €250,995 | -€41,079 | -14.1% |
| Trade receivables | 40 | €103,750 | €21,483 | -€82,267 | -79.3% |
| Other amounts receivable | 41 | €188,324 | €229,512 | +€41,188 | +21.9% |
| Current investments | 50/53 | €168,059 | €0 | -€168,059 | -100% |
| Cash at bank and in hand | 54/58 | €79,465 | €310,369 | +€230,904 | +291% |
| Deferred charges and accrued income | 490/1 | €8,865 | €12,239 | +€3,374 | +38.1% |
| Total equity and liabilities | 10/49 | €659,388 | €652,906 | -€6,482 | -1.0% |
| Equity | 10/15 | €469,173 | €491,138 | +€21,965 | +4.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €32,667 | €16,333 | -€16,333 | -50.0% |
| Reserves | 13 | €463,931 | €502,230 | +€38,299 | +8.3% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €453,931 | €492,230 | +€38,299 | +8.4% |
| Profit (loss) carried forward | 14 | -€127,425 | -€127,425 | = | 0.0% |
| Amounts payable | 17/49 | €190,215 | €161,768 | -€28,447 | -15.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €127,305 | €131,918 | +€4,613 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €1,058 | €0 | -€1,058 | -100% |
| Financial debts | 43 | €1,896 | €4,167 | +€2,271 | +120% |
| Credit institutions | 430/8 | €1,896 | €4,167 | +€2,271 | +120% |
| Trade debts | 44 | €94,854 | €114,089 | +€19,236 | +20.3% |
| Suppliers | 440/4 | €94,854 | €114,089 | +€19,236 | +20.3% |
| Taxes, remuneration and social security | 45 | €28,937 | €13,068 | -€15,870 | -54.8% |
| Taxes | 450/3 | €21,573 | €2,197 | -€19,377 | -89.8% |
| Remuneration and social security | 454/9 | €7,364 | €10,871 | +€3,507 | +47.6% |
| Other amounts payable | 47/48 | €560 | €594 | +€34 | +6.0% |
| Accrued charges and deferred income | 492/3 | €62,910 | €29,850 | -€33,060 | -52.6% |
| Non-recurring operating income | 76A | €4,399 | €654 | -€3,745 | -85.1% |
| Remuneration, social security and pensions | 62 | €62,335 | €55,201 | -€7,133 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,525 | €35,122 | -€3,403 | -8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,325 | €13,050 | +€15,375 | |
| Other operating charges | 640/8 | €14,311 | €10,809 | -€3,502 | -24.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €115,797 | €154,598 | +€38,801 | +33.5% |
| Operating profit (loss) | 9901 | €2,952 | €40,416 | +€37,464 | +1,269% |
| Financial income | 75/76B | €4,717 | €9,364 | +€4,647 | +98.5% |
| Recurring financial income | 75 | €4,717 | €9,364 | +€4,647 | +98.5% |
| Financial charges | 65/66B | €1,150 | €1,231 | +€82 | +7.1% |
| Recurring financial charges | 65 | €1,150 | €1,231 | +€82 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €6,520 | €48,549 | +€42,029 | +645% |
| Income taxes | 67/77 | €12,584 | €26,583 | +€14,000 | +111% |
| Profit (loss) for the period | 9904 | -€6,064 | €21,965 | +€28,029 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,064 | €21,965 | +€28,029 |
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 22 October 2026 via checked.be.