SORES: 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.
SORES
Largest movements
- Receivables within one year +€21,972
up €21,972 (+171.6%), from €12,805 to €34,777
of which Trade receivables: +€21,868
- Intangible fixed assets -€5,000
down €5,000 (-21.1%), from €23,730 to €18,730
- Tangible fixed assets +€1,620
up €1,620 (+88.5%), from €1,831 to €3,451
of which Furniture and vehicles: +€2,287
- Cash +€1,064
up €1,064 (+6.7%), from €15,833 to €16,897
mainly Net result for the year (+€16,731) and Depreciation (+€6,099)
- Reserves +€16,731
up €16,731 (+160.5%), from €10,426 to €27,157
- Trade debts -€4,745
down €4,745 (-19.7%), from €24,080 to €19,335
- Other debts +€4,521
up €4,521 (+45.4%), from €9,956 to €14,478
- Tax, wage and social debts +€3,572
up €3,572 (+46.2%), from €7,737 to €11,308
- Gross operating margin +€14,182
up €14,182 (+86.8%), from €16,336 to €30,517
- Depreciation +€4,659
up €4,659 (+323.6%), from €1,440 to €6,099
- Taxes +€2,675
up €2,675 (+62.9%), from €4,250 to €6,924
- Other operating charges +€597
up €597 (+313.2%), from €191 to €787
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 | €54,198 | €74,277 | +€20,079 | +37.0% |
| Fixed assets | 21/28 | €25,560 | €22,180 | -€3,380 | -13.2% |
| Intangible fixed assets | 21 | €23,730 | €18,730 | -€5,000 | -21.1% |
| Tangible fixed assets | 22/27 | €1,831 | €3,451 | +€1,620 | +88.5% |
| Plant, machinery and equipment | 23 | €1,831 | €1,164 | -€667 | -36.4% |
| Furniture and vehicles | 24 | - | €2,287 | +€2,287 | |
| Current assets | 29/58 | €28,638 | €52,097 | +€23,459 | +81.9% |
| Amounts receivable within one year | 40/41 | €12,805 | €34,777 | +€21,972 | +171.6% |
| Trade receivables | 40 | €12,805 | €34,673 | +€21,868 | +170.8% |
| Other amounts receivable | 41 | - | €104 | +€104 | |
| Cash at bank and in hand | 54/58 | €15,833 | €16,897 | +€1,064 | +6.7% |
| Deferred charges and accrued income | 490/1 | - | €423 | +€423 | |
| Total equity and liabilities | 10/49 | €54,198 | €74,277 | +€20,079 | +37.0% |
| Equity | 10/15 | €12,426 | €29,157 | +€16,731 | +134.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,426 | €27,157 | +€16,731 | +160.5% |
| Distributable reserves | 133 | €10,426 | €27,157 | +€16,731 | +160.5% |
| Amounts payable | 17/49 | €41,773 | €45,121 | +€3,348 | +8.0% |
| Amounts payable within one year | 42/48 | €41,773 | €45,121 | +€3,348 | +8.0% |
| Trade debts | 44 | €24,080 | €19,335 | -€4,745 | -19.7% |
| Suppliers | 440/4 | €24,080 | €19,335 | -€4,745 | -19.7% |
| Taxes, remuneration and social security | 45 | €7,737 | €11,308 | +€3,572 | +46.2% |
| Taxes | 450/3 | €7,737 | €11,308 | +€3,572 | +46.2% |
| Other amounts payable | 47/48 | €9,956 | €14,478 | +€4,521 | +45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,440 | €6,099 | +€4,659 | +323.6% |
| Other operating charges | 640/8 | €191 | €787 | +€597 | +313.2% |
| Gross operating margin | 9900 | €16,336 | €30,517 | +€14,182 | +86.8% |
| Operating profit (loss) | 9901 | €14,705 | €23,632 | +€8,926 | +60.7% |
| Financial income | 75/76B | €22 | €96 | +€74 | +328.7% |
| Recurring financial income | 75 | €22 | €96 | +€74 | +328.7% |
| Financial charges | 65/66B | €53 | €72 | +€20 | +37.2% |
| Recurring financial charges | 65 | €53 | €72 | +€20 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | €14,675 | €23,656 | +€8,980 | +61.2% |
| Income taxes | 67/77 | €4,250 | €6,924 | +€2,675 | +62.9% |
| Profit (loss) for the period | 9904 | €10,426 | €16,731 | +€6,305 | +60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,426 | €16,731 | +€6,305 | +60.5% |
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 3 October 2026 via checked.be.