SORET & CO: 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.
SORET & CO
Largest movements
- Receivables within one year -€213,619
down €213,619 (-40.0%), from €534,597 to €320,978
of which Other amounts receivable: -€116,793
- Current investments -€150,000
down €150,000 (-18.8%), from €800,000 to €650,000
- Tangible fixed assets -€115,055
down €115,055 (-38.2%), from €301,273 to €186,218
of which Land and buildings: -€88,482
- Cash +€30,627
up €30,627 (+15.7%), from €194,622 to €225,249
mainly Receivables within one year (+€213,619) and Current investments (+€150,000)
- Reserves -€342,517
down €342,517 (-47.9%), from €715,662 to €373,145
- Trade debts -€89,384
down €89,384 (-48.6%), from €183,813 to €94,430
- Other operating charges +€86,239
up €86,239 (+2,377%), from €3,628 to €89,867
- Gross operating margin -€34,925
down €34,925 (-19.8%), from €176,587 to €141,662
- Taxes -€34,338
down €34,338 (-88.7%), from €38,715 to €4,378
- Depreciation -€5,137
down €5,137 (-9.2%), from €56,145 to €51,008
- Financial income -€5,068
down €5,068 (-26.0%), from €19,491 to €14,423
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 | €1,845,794 | €1,403,147 | -€442,647 | -24.0% |
| Fixed assets | 21/28 | €301,273 | €186,218 | -€115,055 | -38.2% |
| Tangible fixed assets | 22/27 | €301,273 | €186,218 | -€115,055 | -38.2% |
| Land and buildings | 22 | €152,510 | €64,028 | -€88,482 | -58.0% |
| Plant, machinery and equipment | 23 | €23,627 | €37,897 | +€14,269 | +60.4% |
| Furniture and vehicles | 24 | €125,136 | €84,294 | -€40,842 | -32.6% |
| Current assets | 29/58 | €1,544,521 | €1,216,929 | -€327,592 | -21.2% |
| Stocks and contracts in progress | 3 | €12,159 | €17,998 | +€5,838 | +48.0% |
| Stocks | 30/36 | €12,159 | €17,998 | +€5,838 | +48.0% |
| Amounts receivable within one year | 40/41 | €534,597 | €320,978 | -€213,619 | -40.0% |
| Trade receivables | 40 | €399,804 | €302,978 | -€96,826 | -24.2% |
| Other amounts receivable | 41 | €134,793 | €18,000 | -€116,793 | -86.6% |
| Current investments | 50/53 | €800,000 | €650,000 | -€150,000 | -18.8% |
| Cash at bank and in hand | 54/58 | €194,622 | €225,249 | +€30,627 | +15.7% |
| Deferred charges and accrued income | 490/1 | €3,142 | €2,704 | -€438 | -13.9% |
| Total equity and liabilities | 10/49 | €1,845,794 | €1,403,147 | -€442,647 | -24.0% |
| Equity | 10/15 | €1,646,600 | €1,304,083 | -€342,517 | -20.8% |
| Contributions | 10/11 | €285,600 | €285,600 | = | 0.0% |
| Reserves | 13 | €715,662 | €373,145 | -€342,517 | -47.9% |
| Distributable reserves | 133 | €715,662 | €373,145 | -€342,517 | -47.9% |
| Profit (loss) carried forward | 14 | €645,338 | €645,338 | = | 0.0% |
| Amounts payable | 17/49 | €199,194 | €99,064 | -€100,130 | -50.3% |
| Amounts payable within one year | 42/48 | €199,194 | €98,976 | -€100,217 | -50.3% |
| Trade debts | 44 | €183,813 | €94,430 | -€89,384 | -48.6% |
| Suppliers | 440/4 | €183,813 | €94,430 | -€89,384 | -48.6% |
| Taxes, remuneration and social security | 45 | €15,380 | €4,547 | -€10,833 | -70.4% |
| Taxes | 450/3 | €15,380 | €4,547 | -€10,833 | -70.4% |
| Accrued charges and deferred income | 492/3 | - | €88 | +€88 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,145 | €51,008 | -€5,137 | -9.2% |
| Other operating charges | 640/8 | €3,628 | €89,867 | +€86,239 | +2,377% |
| Gross operating margin | 9900 | €176,587 | €141,662 | -€34,925 | -19.8% |
| Operating profit (loss) | 9901 | €116,813 | €787 | -€116,026 | -99.3% |
| Financial income | 75/76B | €19,491 | €14,423 | -€5,068 | -26.0% |
| Recurring financial income | 75 | €19,491 | €14,423 | -€5,068 | -26.0% |
| Financial charges | 65/66B | €1,232 | €1,496 | +€264 | +21.4% |
| Recurring financial charges | 65 | €1,232 | €1,496 | +€264 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €135,072 | €13,715 | -€121,358 | -89.8% |
| Income taxes | 67/77 | €38,715 | €4,378 | -€34,338 | -88.7% |
| Profit (loss) for the period | 9904 | €96,357 | €9,337 | -€87,020 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96,357 | €9,337 | -€87,020 | -90.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.