SORENO: 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.
SORENO
Largest movements
- Stocks and contracts +€25,304
up €25,304 (+1482.4%), from €1,707 to €27,011
- Receivables within one year +€16,808
up €16,808 (+139.2%), from €12,071 to €28,879
of which Trade receivables: +€17,018
- Cash +€13,960
up €13,960 (+19.4%), from €71,800 to €85,760
mainly Advances received (+€36,545) and Trade debts (+€16,538)
- Financial fixed assets +€4,000
new in 2025: €4,000
- Advances received +€36,545
up €36,545 (+1512.0%), from €2,417 to €38,962
- Trade debts +€16,538
up €16,538 (+394.9%), from €4,188 to €20,726
- Reserves +€5,892
up €5,892 (+12.4%), from €47,454 to €53,346
of which Distributable reserves: +€5,893
- Tax, wage and social debts +€1,681
up €1,681 (+36.9%), from €4,556 to €6,237
of which Taxes: +€853
- Depreciation -€6,201
down €6,201 (-95.8%), from €6,474 to €273
- Gross operating margin -€2,770
down €2,770 (-4.5%), from €61,943 to €59,173
- Other operating charges -€1,784
down €1,784 (-58.2%), from €3,067 to €1,283
- Staff costs +€1,605
up €1,605 (+3.3%), from €48,509 to €50,114
- Taxes +€1,029
up €1,029 (+43.2%), from €2,382 to €3,411
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 | €86,063 | €146,961 | +€60,898 | +70.8% |
| Fixed assets | 21/28 | €485 | €5,311 | +€4,826 | +995.0% |
| Tangible fixed assets | 22/27 | €485 | €1,311 | +€826 | +170.3% |
| Furniture and vehicles | 24 | €485 | €1,311 | +€826 | +170.3% |
| Financial fixed assets | 28 | - | €4,000 | +€4,000 | |
| Current assets | 29/58 | €85,578 | €141,650 | +€56,072 | +65.5% |
| Stocks and contracts in progress | 3 | €1,707 | €27,011 | +€25,304 | +1482.4% |
| Stocks | 30/36 | €1,707 | €27,011 | +€25,304 | +1482.4% |
| Amounts receivable within one year | 40/41 | €12,071 | €28,879 | +€16,808 | +139.2% |
| Trade receivables | 40 | €11,861 | €28,879 | +€17,018 | +143.5% |
| Other amounts receivable | 41 | €210 | - | -€210 | |
| Cash at bank and in hand | 54/58 | €71,800 | €85,760 | +€13,960 | +19.4% |
| Total equity and liabilities | 10/49 | €86,063 | €146,961 | +€60,898 | +70.8% |
| Equity | 10/15 | €58,510 | €64,403 | +€5,893 | +10.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €47,454 | €53,346 | +€5,892 | +12.4% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €13,015 | €13,015 | -€0 | 0.0% |
| Distributable reserves | 133 | €29,481 | €35,374 | +€5,893 | +20.0% |
| Profit (loss) carried forward | 14 | €9,056 | €9,056 | +€0 | 0.0% |
| Amounts payable | 17/49 | €27,553 | €82,558 | +€55,005 | +199.6% |
| Amounts payable within one year | 42/48 | €27,553 | €82,558 | +€55,005 | +199.6% |
| Trade debts | 44 | €4,188 | €20,726 | +€16,538 | +394.9% |
| Suppliers | 440/4 | €4,188 | €20,726 | +€16,538 | +394.9% |
| Advances received on contracts in progress | 46 | €2,417 | €38,962 | +€36,545 | +1512.0% |
| Taxes, remuneration and social security | 45 | €4,556 | €6,237 | +€1,681 | +36.9% |
| Taxes | 450/3 | €3,581 | €4,434 | +€853 | +23.8% |
| Remuneration and social security | 454/9 | €975 | €1,803 | +€828 | +84.9% |
| Other amounts payable | 47/48 | €16,392 | €16,634 | +€242 | +1.5% |
| Remuneration, social security and pensions | 62 | €48,509 | €50,114 | +€1,605 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,474 | €273 | -€6,201 | -95.8% |
| Other operating charges | 640/8 | €3,067 | €1,283 | -€1,784 | -58.2% |
| Gross operating margin | 9900 | €61,943 | €59,173 | -€2,770 | -4.5% |
| Operating profit (loss) | 9901 | €3,893 | €7,503 | +€3,610 | +92.7% |
| Financial income | 75/76B | €2,531 | €1,854 | -€677 | -26.8% |
| Recurring financial income | 75 | €2,531 | €1,854 | -€677 | -26.8% |
| Financial charges | 65/66B | €212 | €53 | -€159 | -75.0% |
| Recurring financial charges | 65 | €212 | €53 | -€159 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | €6,212 | €9,304 | +€3,092 | +49.8% |
| Income taxes | 67/77 | €2,382 | €3,411 | +€1,029 | +43.2% |
| Profit (loss) for the period | 9904 | €3,830 | €5,893 | +€2,063 | +53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,830 | €5,893 | +€2,063 | +53.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.