SORESTAL: 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.
SORESTAL
Largest movements
- Receivables within one year -€4,253
down €4,253 (-99.9%), from €4,256 to €3
- Tangible fixed assets -€1,867
down €1,867 (-7.0%), from €26,629 to €24,762
- Cash -€1,111
down €1,111 (-59.2%), from €1,875 to €764
mainly Debts after one year (-€26,524) and Current portion of long-term debt (-€6,196)
- Debts after one year -€26,524
down €26,524 (-57.0%), from €46,568 to €20,045
of which Other amounts payable: -€25,237
- Profit (loss) carried forward +€22,763
up €22,763 (+12.1%), from -€188,817 to -€166,053
- Current portion of long-term debt -€6,196
down €6,196 (-82.8%), from €7,483 to €1,287
- Accrued charges and deferred income +€3,200
new in 2025: €3,200
- Financial charges +€3,609
up €3,609 (+403.5%), from €894 to €4,503
- Gross operating margin -€371
down €371 (-1.0%), from €35,394 to €35,023
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 | €32,760 | €25,826 | -€6,934 | -21.2% |
| Fixed assets | 21/28 | €26,629 | €24,762 | -€1,867 | -7.0% |
| Tangible fixed assets | 22/27 | €26,629 | €24,762 | -€1,867 | -7.0% |
| Land and buildings | 22 | €26,629 | €24,762 | -€1,867 | -7.0% |
| Current assets | 29/58 | €6,131 | €1,064 | -€5,067 | -82.6% |
| Amounts receivable within one year | 40/41 | €4,256 | €3 | -€4,253 | -99.9% |
| Other amounts receivable | 41 | €4,256 | €3 | -€4,253 | -99.9% |
| Cash at bank and in hand | 54/58 | €1,875 | €764 | -€1,111 | -59.2% |
| Deferred charges and accrued income | 490/1 | - | €297 | +€297 | |
| Total equity and liabilities | 10/49 | €32,760 | €25,826 | -€6,934 | -21.2% |
| Equity | 10/15 | -€21,469 | €1,295 | +€22,763 | |
| Contributions | 10/11 | €71,889 | €71,889 | = | 0.0% |
| Revaluation surpluses | 12 | €37,444 | €37,444 | = | 0.0% |
| Reserves | 13 | €58,015 | €58,015 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,316 | €3,316 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,316 | €3,316 | = | 0.0% |
| Distributable reserves | 133 | €54,699 | €54,699 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€188,817 | -€166,053 | +€22,763 | +12.1% |
| Amounts payable | 17/49 | €54,229 | €24,531 | -€29,697 | -54.8% |
| Amounts payable after more than one year | 17 | €46,568 | €20,045 | -€26,524 | -57.0% |
| Financial debts | 170/4 | €1,287 | - | -€1,287 | |
| Other amounts payable | 178/9 | €45,282 | €20,045 | -€25,237 | -55.7% |
| Amounts payable within one year | 42/48 | €7,660 | €1,287 | -€6,373 | -83.2% |
| Current portion of amounts payable after more than one year | 42 | €7,483 | €1,287 | -€6,196 | -82.8% |
| Trade debts | 44 | €177 | - | -€177 | |
| Suppliers | 440/4 | €177 | - | -€177 | |
| Accrued charges and deferred income | 492/3 | - | €3,200 | +€3,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,069 | €5,365 | +€296 | +5.8% |
| Other operating charges | 640/8 | €2,361 | €2,395 | +€35 | +1.5% |
| Gross operating margin | 9900 | €35,394 | €35,023 | -€371 | -1.0% |
| Operating profit (loss) | 9901 | €27,964 | €27,263 | -€701 | -2.5% |
| Financial charges | 65/66B | €894 | €4,503 | +€3,609 | +403.5% |
| Recurring financial charges | 65 | €894 | €4,503 | +€3,609 | +403.5% |
| Profit (loss) for the period before taxes | 9903 | €27,070 | €22,760 | -€4,310 | -15.9% |
| Income taxes | 67/77 | €24 | -€3 | -€27 | |
| Profit (loss) for the period | 9904 | €27,046 | €22,763 | -€4,283 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,046 | €22,763 | -€4,283 | -15.8% |
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 7 October 2026 via checked.be.