SORENZO: 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.
SORENZO
Largest movements
- Cash +€26,064
up €26,064 (+129.6%), from €20,111 to €46,175
mainly Net result for the year (+€18,713) and Depreciation (+€16,247)
- Stocks and contracts -€14,249
down €14,249 (-29.7%), from €48,038 to €33,789
- Receivables within one year +€8,531
up €8,531 (+51.3%), from €16,642 to €25,173
of which Other amounts receivable: +€5,111
- Tangible fixed assets -€8,136
down €8,136 (-21.3%), from €38,238 to €30,102
of which Furniture and vehicles: -€5,129
- Intangible fixed assets -€7,000
down €7,000 (-33.3%), from €21,000 to €14,000
- Profit (loss) carried forward +€18,713
up €18,713 (+82.3%), from -€22,725 to -€4,013
- Debts after one year -€8,195
down €8,195 (-40.1%), from €20,434 to €12,240
- Trade debts +€7,520
up €7,520 (+133.9%), from €5,617 to €13,137
- Current portion of long-term debt -€6,707
down €6,707 (-45.0%), from €14,902 to €8,195
- Tax, wage and social debts -€2,030
down €2,030 (-10.6%), from €19,070 to €17,040
of which Taxes: -€1,942
- Gross operating margin +€42,517
up €42,517 (+119.8%), from €35,492 to €78,009
- Staff costs -€5,708
down €5,708 (-16.1%), from €35,421 to €29,713
- Other operating charges +€5,184
up €5,184 (+947.7%), from €547 to €5,731
- Taxes +€1,125
up €1,125 (+628.3%), from €179 to €1,304
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,490 | €156,851 | +€9,361 | +6.3% |
| Formation expenses | 20 | €917 | €569 | -€348 | -38.0% |
| Fixed assets | 21/28 | €59,526 | €44,491 | -€15,036 | -25.3% |
| Intangible fixed assets | 21 | €21,000 | €14,000 | -€7,000 | -33.3% |
| Tangible fixed assets | 22/27 | €38,238 | €30,102 | -€8,136 | -21.3% |
| Land and buildings | 22 | €19,379 | €16,974 | -€2,405 | -12.4% |
| Plant, machinery and equipment | 23 | €2,599 | €1,998 | -€601 | -23.1% |
| Furniture and vehicles | 24 | €16,260 | €11,131 | -€5,129 | -31.5% |
| Financial fixed assets | 28 | €288 | €388 | +€100 | +34.7% |
| Current assets | 29/58 | €87,047 | €111,792 | +€24,745 | +28.4% |
| Stocks and contracts in progress | 3 | €48,038 | €33,789 | -€14,249 | -29.7% |
| Stocks | 30/36 | €48,038 | €33,789 | -€14,249 | -29.7% |
| Amounts receivable within one year | 40/41 | €16,642 | €25,173 | +€8,531 | +51.3% |
| Trade receivables | 40 | €0 | €3,420 | +€3,420 | +834087.8% |
| Other amounts receivable | 41 | €16,641 | €21,753 | +€5,111 | +30.7% |
| Cash at bank and in hand | 54/58 | €20,111 | €46,175 | +€26,064 | +129.6% |
| Deferred charges and accrued income | 490/1 | €2,256 | €6,655 | +€4,399 | +195.0% |
| Total equity and liabilities | 10/49 | €147,490 | €156,851 | +€9,361 | +6.3% |
| Equity | 10/15 | €87,147 | €105,860 | +€18,713 | +21.5% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €95,613 | €95,613 | = | 0.0% |
| Distributable reserves | 133 | €95,613 | €95,613 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,725 | -€4,013 | +€18,713 | +82.3% |
| Amounts payable | 17/49 | €60,343 | €50,991 | -€9,351 | -15.5% |
| Amounts payable after more than one year | 17 | €20,434 | €12,240 | -€8,195 | -40.1% |
| Financial debts | 170/4 | €20,434 | €12,240 | -€8,195 | -40.1% |
| Amounts payable within one year | 42/48 | €39,588 | €38,372 | -€1,217 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €14,902 | €8,195 | -€6,707 | -45.0% |
| Trade debts | 44 | €5,617 | €13,137 | +€7,520 | +133.9% |
| Suppliers | 440/4 | €5,617 | €13,137 | +€7,520 | +133.9% |
| Taxes, remuneration and social security | 45 | €19,070 | €17,040 | -€2,030 | -10.6% |
| Taxes | 450/3 | €11,617 | €9,676 | -€1,942 | -16.7% |
| Remuneration and social security | 454/9 | €7,452 | €7,364 | -€88 | -1.2% |
| Accrued charges and deferred income | 492/3 | €320 | €380 | +€60 | +18.8% |
| Remuneration, social security and pensions | 62 | €35,421 | €29,713 | -€5,708 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,802 | €16,247 | +€445 | +2.8% |
| Other operating charges | 640/8 | €547 | €5,731 | +€5,184 | +947.7% |
| Gross operating margin | 9900 | €35,492 | €78,009 | +€42,517 | +119.8% |
| Operating profit (loss) | 9901 | -€16,278 | €26,318 | +€42,596 | |
| Financial income | 75/76B | €410 | €598 | +€188 | +45.9% |
| Recurring financial income | 75 | €410 | €598 | +€188 | +45.9% |
| Financial charges | 65/66B | €6,678 | €6,899 | +€221 | +3.3% |
| Recurring financial charges | 65 | €6,678 | €6,899 | +€221 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,546 | €20,016 | +€42,563 | |
| Income taxes | 67/77 | €179 | €1,304 | +€1,125 | +628.3% |
| Profit (loss) for the period | 9904 | -€22,725 | €18,713 | +€41,438 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,725 | €18,713 | +€41,438 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.