SOREX IMMO: 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.
SOREX IMMO
Largest movements
- Tangible fixed assets +€46,493
up €46,493 (+36.7%), from €126,593 to €173,086
of which Plant, machinery and equipment: +€50,490
- Cash -€40,325
down €40,325 (-91.0%), from €44,331 to €4,006
mainly Investment in fixed assets (net) (-€60,581) and Other debts (-€39,727)
- Receivables within one year -€11,093
down €11,093 (-99.3%), from €11,167 to €75
- Trade debts +€66,531
up €66,531 (+2602.9%), from €2,556 to €69,087
- Other debts -€39,727
no longer reported in 2025 (was €39,727)
- Profit (loss) carried forward -€31,610
down €31,610 (-4128.5%), from -€766 to -€32,376
- Gross operating margin -€6,754
down €6,754 (-167.7%), from -€4,028 to -€10,782
- Depreciation -€1,650
down €1,650 (-10.5%), from €15,738 to €14,088
- Other operating charges +€279
up €279 (+5.7%), from €4,893 to €5,171
- Financial income -€164
down €164 (-74.9%), from €219 to €55
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 | €183,950 | €179,141 | -€4,810 | -2.6% |
| Fixed assets | 21/28 | €126,593 | €173,086 | +€46,493 | +36.7% |
| Tangible fixed assets | 22/27 | €126,593 | €173,086 | +€46,493 | +36.7% |
| Land and buildings | 22 | €108,957 | €98,124 | -€10,834 | -9.9% |
| Plant, machinery and equipment | 23 | €1,239 | €51,729 | +€50,490 | +4076.7% |
| Furniture and vehicles | 24 | €1,480 | €1,183 | -€297 | -20.1% |
| Other tangible fixed assets | 26 | €14,917 | €13,127 | -€1,791 | -12.0% |
| Assets under construction and advance payments | 27 | - | €8,924 | +€8,924 | |
| Current assets | 29/58 | €57,358 | €6,055 | -€51,303 | -89.4% |
| Amounts receivable within one year | 40/41 | €11,167 | €75 | -€11,093 | -99.3% |
| Other amounts receivable | 41 | €11,167 | €75 | -€11,093 | -99.3% |
| Cash at bank and in hand | 54/58 | €44,331 | €4,006 | -€40,325 | -91.0% |
| Deferred charges and accrued income | 490/1 | €1,859 | €1,974 | +€115 | +6.2% |
| Total equity and liabilities | 10/49 | €183,950 | €179,141 | -€4,810 | -2.6% |
| Equity | 10/15 | €140,984 | €109,374 | -€31,610 | -22.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €80,250 | €80,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,082 | €7,082 | = | 0.0% |
| Legal reserve | 130 | €7,082 | €7,082 | = | 0.0% |
| Distributable reserves | 133 | €73,168 | €73,168 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€766 | -€32,376 | -€31,610 | -4128.5% |
| Amounts payable | 17/49 | €42,966 | €69,767 | +€26,801 | +62.4% |
| Amounts payable within one year | 42/48 | €42,283 | €69,087 | +€26,804 | +63.4% |
| Trade debts | 44 | €2,556 | €69,087 | +€66,531 | +2602.9% |
| Suppliers | 440/4 | €2,556 | €69,087 | +€66,531 | +2602.9% |
| Other amounts payable | 47/48 | €39,727 | - | -€39,727 | |
| Accrued charges and deferred income | 492/3 | €683 | €680 | -€3 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,738 | €14,088 | -€1,650 | -10.5% |
| Other operating charges | 640/8 | €4,893 | €5,171 | +€279 | +5.7% |
| Non-recurring operating charges | 66A | - | €1,480 | +€1,480 | |
| Gross operating margin | 9900 | -€4,028 | -€10,782 | -€6,754 | -167.7% |
| Operating profit (loss) | 9901 | -€24,658 | -€31,520 | -€6,862 | -27.8% |
| Financial income | 75/76B | €219 | €55 | -€164 | -74.9% |
| Recurring financial income | 75 | €219 | €55 | -€164 | -74.9% |
| Financial charges | 65/66B | €138 | €145 | +€7 | +5.4% |
| Recurring financial charges | 65 | €138 | €145 | +€7 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,577 | -€31,610 | -€7,034 | -28.6% |
| Profit (loss) for the period | 9904 | -€24,577 | -€31,610 | -€7,034 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,577 | -€31,610 | -€7,034 | -28.6% |
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 8 October 2026 via checked.be.