SORET VINCENT: 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 VINCENT
Largest movements
- Tangible fixed assets +€18,902
up €18,902 (+21.7%), from €87,255 to €106,157
of which Furniture and vehicles: +€24,952
- Cash -€9,923
down €9,923 (-25.2%), from €39,425 to €29,502
mainly Investment in fixed assets (net) (-€56,323) and Tax, wage and social debts (-€20,938)
- Receivables within one year -€8,488
down €8,488 (-59.5%), from €14,277 to €5,789
of which Trade receivables: -€14,277
- Stocks and contracts +€7,000
new in 2025: €7,000
- Debts after one year +€39,690
new in 2025: €39,690
- Tax, wage and social debts -€20,938
down €20,938 (-68.2%), from €30,707 to €9,769
of which Taxes: -€20,914
- Profit (loss) carried forward -€10,048
down €10,048 (-14.6%), from €68,996 to €58,948
- Trade debts -€7,824
down €7,824 (-57.2%), from €13,677 to €5,853
- Current portion of long-term debt +€4,900
new in 2025: €4,900
- Gross operating margin -€57,363
down €57,363 (-67.4%), from €85,128 to €27,765
- Depreciation -€19,357
down €19,357 (-34.1%), from €56,778 to €37,422
- Taxes -€7,816
down €7,816, from €6,564 to -€1,252
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 | €141,707 | €149,777 | +€8,070 | +5.7% |
| Fixed assets | 21/28 | €87,255 | €106,157 | +€18,902 | +21.7% |
| Tangible fixed assets | 22/27 | €87,255 | €106,157 | +€18,902 | +21.7% |
| Plant, machinery and equipment | 23 | €39,903 | €35,981 | -€3,922 | -9.8% |
| Furniture and vehicles | 24 | €28,850 | €53,802 | +€24,952 | +86.5% |
| Other tangible fixed assets | 26 | €18,503 | €16,374 | -€2,128 | -11.5% |
| Current assets | 29/58 | €54,452 | €43,620 | -€10,832 | -19.9% |
| Stocks and contracts in progress | 3 | - | €7,000 | +€7,000 | |
| Stocks | 30/36 | - | €7,000 | +€7,000 | |
| Amounts receivable within one year | 40/41 | €14,277 | €5,789 | -€8,488 | -59.5% |
| Trade receivables | 40 | €14,277 | - | -€14,277 | |
| Other amounts receivable | 41 | - | €5,789 | +€5,789 | |
| Cash at bank and in hand | 54/58 | €39,425 | €29,502 | -€9,923 | -25.2% |
| Deferred charges and accrued income | 490/1 | €750 | €1,329 | +€579 | +77.2% |
| Total equity and liabilities | 10/49 | €141,707 | €149,777 | +€8,070 | +5.7% |
| Equity | 10/15 | €72,296 | €62,248 | -€10,048 | -13.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | - | €3,000 | +€3,000 | |
| Issued capital | 100 | - | €3,000 | +€3,000 | |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,996 | €58,948 | -€10,048 | -14.6% |
| Amounts payable | 17/49 | €69,411 | €87,529 | +€18,118 | +26.1% |
| Amounts payable after more than one year | 17 | - | €39,690 | +€39,690 | |
| Financial debts | 170/4 | - | €39,690 | +€39,690 | |
| Amounts payable within one year | 42/48 | €69,411 | €47,839 | -€21,572 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | - | €4,900 | +€4,900 | |
| Trade debts | 44 | €13,677 | €5,853 | -€7,824 | -57.2% |
| Suppliers | 440/4 | €13,677 | €5,853 | -€7,824 | -57.2% |
| Taxes, remuneration and social security | 45 | €30,707 | €9,769 | -€20,938 | -68.2% |
| Taxes | 450/3 | €22,414 | €1,500 | -€20,914 | -93.3% |
| Remuneration and social security | 454/9 | €8,293 | €8,269 | -€24 | -0.3% |
| Other amounts payable | 47/48 | €25,027 | €27,316 | +€2,289 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,778 | €37,422 | -€19,357 | -34.1% |
| Other operating charges | 640/8 | €873 | €1,073 | +€200 | +22.9% |
| Gross operating margin | 9900 | €85,128 | €27,765 | -€57,363 | -67.4% |
| Operating profit (loss) | 9901 | €27,476 | -€10,730 | -€38,206 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €1,342 | €574 | -€769 | -57.3% |
| Recurring financial charges | 65 | €1,342 | €574 | -€769 | -57.3% |
| Profit (loss) for the period before taxes | 9903 | €26,134 | -€11,300 | -€37,434 | |
| Income taxes | 67/77 | €6,564 | -€1,252 | -€7,816 | |
| Profit (loss) for the period | 9904 | €19,570 | -€10,048 | -€29,618 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,570 | -€10,048 | -€29,618 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.