SORGHLAND: 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.
SORGHLAND
Largest movements
- Financial fixed assets -€150,000
down €150,000 (-14.0%), from €1.1m to €917,960
- Cash +€111,236
up €111,236 (+152%), from €73,017 to €184,253
mainly Investment in fixed assets (net) (+€150,000) and Deferred charges and accrued income (+€44,784)
- Deferred charges and accrued income -€44,784
down €44,784 (-59.6%), from €75,151 to €30,367
- Tax, wage and social debts -€90,143
down €90,143 (-93.8%), from €96,136 to €5,993
- Debts after one year -€20,000
down €20,000 (-4.1%), from €486,395 to €466,395
- Profit (loss) carried forward +€16,287
up €16,287 (+4.1%), from €400,928 to €417,215
- Gross operating margin -€404,059
down €404,059 (-98.0%), from €412,271 to €8,212
- Taxes -€81,911
down €81,911 (-92.8%), from €88,286 to €6,375
- Financial charges -€28,119
down €28,119 (-73.7%), from €38,133 to €10,014
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 | €1,421,516 | €1,333,378 | -€88,138 | -6.2% |
| Fixed assets | 21/28 | €1,273,348 | €1,118,308 | -€155,040 | -12.2% |
| Tangible fixed assets | 22/27 | €205,388 | €200,348 | -€5,040 | -2.5% |
| Land and buildings | 22 | €205,388 | €200,348 | -€5,040 | -2.5% |
| Financial fixed assets | 28 | €1,067,960 | €917,960 | -€150,000 | -14.0% |
| Current assets | 29/58 | €148,168 | €215,070 | +€66,902 | +45.2% |
| Amounts receivable within one year | 40/41 | - | €450 | +€450 | |
| Other amounts receivable | 41 | - | €450 | +€450 | |
| Cash at bank and in hand | 54/58 | €73,017 | €184,253 | +€111,236 | +152% |
| Deferred charges and accrued income | 490/1 | €75,151 | €30,367 | -€44,784 | -59.6% |
| Total equity and liabilities | 10/49 | €1,421,516 | €1,333,378 | -€88,138 | -6.2% |
| Equity | 10/15 | €825,774 | €842,918 | +€17,144 | +2.1% |
| Contributions | 10/11 | €334,656 | €334,656 | = | 0.0% |
| Capital | 10 | €334,656 | €334,656 | = | 0.0% |
| Issued capital | 100 | €334,656 | €334,656 | = | 0.0% |
| Revaluation surpluses | 12 | €62,661 | €62,661 | = | 0.0% |
| Reserves | 13 | €27,529 | €28,386 | +€857 | +3.1% |
| Non-distributable reserves | 130/1 | €27,529 | €28,386 | +€857 | +3.1% |
| Legal reserve | 130 | €27,529 | €28,386 | +€857 | +3.1% |
| Profit (loss) carried forward | 14 | €400,928 | €417,215 | +€16,287 | +4.1% |
| Amounts payable | 17/49 | €595,742 | €490,460 | -€105,282 | -17.7% |
| Amounts payable after more than one year | 17 | €486,395 | €466,395 | -€20,000 | -4.1% |
| Financial debts | 170/4 | €486,395 | €466,395 | -€20,000 | -4.1% |
| Amounts payable within one year | 42/48 | €98,735 | €11,881 | -€86,854 | -88.0% |
| Trade debts | 44 | €874 | €4,163 | +€3,289 | +376% |
| Suppliers | 440/4 | €874 | €4,163 | +€3,289 | +376% |
| Taxes, remuneration and social security | 45 | €96,136 | €5,993 | -€90,143 | -93.8% |
| Taxes | 450/3 | €96,136 | €5,993 | -€90,143 | -93.8% |
| Other amounts payable | 47/48 | €1,725 | €1,725 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €10,612 | €12,184 | +€1,572 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,040 | €5,040 | = | 0.0% |
| Other operating charges | 640/8 | €967 | €996 | +€29 | +3.0% |
| Gross operating margin | 9900 | €412,271 | €8,212 | -€404,059 | -98.0% |
| Operating profit (loss) | 9901 | €406,264 | €2,176 | -€404,088 | -99.5% |
| Financial income | 75/76B | €30,619 | €31,357 | +€738 | +2.4% |
| Recurring financial income | 75 | €30,619 | €31,357 | +€738 | +2.4% |
| Financial charges | 65/66B | €38,133 | €10,014 | -€28,119 | -73.7% |
| Recurring financial charges | 65 | €38,133 | €10,014 | -€28,119 | -73.7% |
| Profit (loss) for the period before taxes | 9903 | €398,750 | €23,519 | -€375,231 | -94.1% |
| Income taxes | 67/77 | €88,286 | €6,375 | -€81,911 | -92.8% |
| Profit (loss) for the period | 9904 | €310,464 | €17,144 | -€293,320 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €310,464 | €17,144 | -€293,320 | -94.5% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.