SORETRAC BENELUX: what changed
SORETRAC BENELUX
Largest movements
- Receivables within one year -€30,420
down €30,420 (-13.3%), from €228,144 to €197,725
of which Trade receivables: -€29,975
- Cash -€21,100
down €21,100 (-16.1%), from €131,205 to €110,104
mainly Debts after one year (-€51,539) and Tax, wage and social debts (-€19,341)
- Debts after one year -€51,539
down €51,539 (-11.5%), from €449,661 to €398,122
of which Other amounts payable: -€51,539
- Profit (loss) carried forward +€33,388
up €33,388 (+10.8%), from -€309,526 to -€276,138
- Tax, wage and social debts -€19,341
down €19,341 (-54.9%), from €35,198 to €15,857
of which Taxes: -€12,190
- Other debts -€9,209
down €9,209 (-14.0%), from €65,685 to €56,476
- Trade debts -€5,543
down €5,543 (-4.1%), from €135,188 to €129,645
- Staff costs -€101,608
down €101,608 (-55.7%), from €182,297 to €80,688
- Gross operating margin -€82,328
down €82,328 (-41.1%), from €200,129 to €117,801
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €395,614 | €343,164 | -€52,450 | -13.3% |
| Fixed assets | 21/28 | €5,416 | €4,484 | -€932 | -17.2% |
| Tangible fixed assets | 22/27 | €1,366 | €434 | -€932 | -68.2% |
| Plant, machinery and equipment | 23 | €1,366 | €434 | -€932 | -68.2% |
| Financial fixed assets | 28 | €4,050 | €4,050 | = | 0.0% |
| Current assets | 29/58 | €390,197 | €338,679 | -€51,518 | -13.2% |
| Stocks and contracts in progress | 3 | €29,709 | €28,411 | -€1,298 | -4.4% |
| Stocks | 30/36 | €29,709 | €28,411 | -€1,298 | -4.4% |
| Amounts receivable within one year | 40/41 | €228,144 | €197,725 | -€30,420 | -13.3% |
| Trade receivables | 40 | €227,673 | €197,699 | -€29,975 | -13.2% |
| Other amounts receivable | 41 | €471 | €26 | -€445 | -94.5% |
| Cash at bank and in hand | 54/58 | €131,205 | €110,104 | -€21,100 | -16.1% |
| Deferred charges and accrued income | 490/1 | €1,140 | €2,439 | +€1,300 | +114% |
| Total equity and liabilities | 10/49 | €395,614 | €343,164 | -€52,450 | -13.3% |
| Equity | 10/15 | -€290,926 | -€257,538 | +€33,388 | +11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€309,526 | -€276,138 | +€33,388 | +10.8% |
| Amounts payable | 17/49 | €686,540 | €600,702 | -€85,838 | -12.5% |
| Amounts payable after more than one year | 17 | €449,661 | €398,122 | -€51,539 | -11.5% |
| Financial debts | 170/4 | €74,731 | €74,731 | = | 0.0% |
| Other amounts payable | 178/9 | €374,931 | €323,391 | -€51,539 | -13.7% |
| Amounts payable within one year | 42/48 | €236,878 | €202,580 | -€34,298 | -14.5% |
| Trade debts | 44 | €135,188 | €129,645 | -€5,543 | -4.1% |
| Suppliers | 440/4 | €135,188 | €129,645 | -€5,543 | -4.1% |
| Advances received on contracts in progress | 46 | €808 | €603 | -€205 | -25.4% |
| Taxes, remuneration and social security | 45 | €35,198 | €15,857 | -€19,341 | -54.9% |
| Taxes | 450/3 | €20,493 | €8,303 | -€12,190 | -59.5% |
| Remuneration and social security | 454/9 | €14,705 | €7,553 | -€7,151 | -48.6% |
| Other amounts payable | 47/48 | €65,685 | €56,476 | -€9,209 | -14.0% |
| Remuneration, social security and pensions | 62 | €182,297 | €80,688 | -€101,608 | -55.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,028 | €932 | -€96 | -9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€663 | €0 | +€663 | |
| Other operating charges | 640/8 | €1,332 | €743 | -€589 | -44.2% |
| Gross operating margin | 9900 | €200,129 | €117,801 | -€82,328 | -41.1% |
| Operating profit (loss) | 9901 | €16,135 | €35,437 | +€19,302 | +120% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,191 | €2,049 | -€142 | -6.5% |
| Recurring financial charges | 65 | €2,191 | €2,049 | -€142 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €13,944 | €33,388 | +€19,444 | +139% |
| Income taxes | 67/77 | €123 | €0 | -€123 | -100% |
| Profit (loss) for the period | 9904 | €13,821 | €33,388 | +€19,567 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €13,821 | €33,388 | +€19,567 | +142% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.