SORHEA: 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.
SORHEA
Largest movements
- Intangible fixed assets -€50,000
down €50,000 (-67.3%), from €74,315 to €24,315
- Receivables within one year -€43,206
down €43,206 (-13.7%), from €315,653 to €272,447
of which Trade receivables: -€44,000
- Tangible fixed assets -€16,586
down €16,586 (-20.5%), from €81,039 to €64,453
of which Other tangible fixed assets: -€13,943
- Cash +€12,936
up €12,936 (+64.4%), from €20,082 to €33,018
mainly Trade debts (+€92,893) and Depreciation (+€66,586)
- Profit (loss) carried forward -€136,909
down €136,909 (-15.3%), from -€896,814 to -€1.0m
- Trade debts +€92,893
up €92,893 (+120%), from €77,608 to €170,501
- Other debts -€51,937
down €51,937 (-4.0%), from €1.3m to €1.2m
- Staff costs -€42,942
down €42,942 (-31.0%), from €138,314 to €95,372
- Gross operating margin -€14,705
down €14,705 (-11.1%), from €132,681 to €117,976
- Other operating charges +€14,105
up €14,105 (+493%), from €2,859 to €16,964
- Financial charges +€7,946
up €7,946 (+11.7%), from €68,195 to €76,140
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €491,369 | €394,513 | -€96,856 | -19.7% |
| Fixed assets | 21/28 | €155,634 | €89,048 | -€66,586 | -42.8% |
| Intangible fixed assets | 21 | €74,315 | €24,315 | -€50,000 | -67.3% |
| Tangible fixed assets | 22/27 | €81,039 | €64,453 | -€16,586 | -20.5% |
| Plant, machinery and equipment | 23 | €5,967 | €5,104 | -€863 | -14.5% |
| Furniture and vehicles | 24 | €3,560 | €1,780 | -€1,780 | -50.0% |
| Other tangible fixed assets | 26 | €71,512 | €57,569 | -€13,943 | -19.5% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €335,735 | €305,465 | -€30,270 | -9.0% |
| Amounts receivable within one year | 40/41 | €315,653 | €272,447 | -€43,206 | -13.7% |
| Trade receivables | 40 | €315,653 | €271,653 | -€44,000 | -13.9% |
| Other amounts receivable | 41 | - | €794 | +€794 | |
| Cash at bank and in hand | 54/58 | €20,082 | €33,018 | +€12,936 | +64.4% |
| Total equity and liabilities | 10/49 | €491,369 | €394,513 | -€96,856 | -19.7% |
| Equity | 10/15 | -€878,109 | -€1,015,018 | -€136,909 | -15.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €155 | €155 | = | 0.0% |
| Non-distributable reserves | 130/1 | €155 | - | -€155 | |
| Reserves not available under the articles | 1311 | €155 | - | -€155 | |
| Distributable reserves | 133 | - | €155 | +€155 | |
| Profit (loss) carried forward | 14 | -€896,814 | -€1,033,723 | -€136,909 | -15.3% |
| Amounts payable | 17/49 | €1,369,478 | €1,409,531 | +€40,053 | +2.9% |
| Amounts payable within one year | 42/48 | €1,367,978 | €1,409,531 | +€41,553 | +3.0% |
| Trade debts | 44 | €77,608 | €170,501 | +€92,893 | +120% |
| Suppliers | 440/4 | €77,608 | €170,501 | +€92,893 | +120% |
| Taxes, remuneration and social security | 45 | €2,740 | €3,337 | +€597 | +21.8% |
| Taxes | 450/3 | €2,300 | €3,337 | +€1,037 | +45.1% |
| Remuneration and social security | 454/9 | €440 | - | -€440 | |
| Other amounts payable | 47/48 | €1,287,630 | €1,235,693 | -€51,937 | -4.0% |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Non-recurring operating income | 76A | €19,247 | - | -€19,247 | |
| Remuneration, social security and pensions | 62 | €138,314 | €95,372 | -€42,942 | -31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,051 | €66,586 | -€465 | -0.7% |
| Other operating charges | 640/8 | €2,859 | €16,964 | +€14,105 | +493% |
| Non-recurring operating charges | 66A | €13,308 | - | -€13,308 | |
| Gross operating margin | 9900 | €132,681 | €117,976 | -€14,705 | -11.1% |
| Operating profit (loss) | 9901 | -€88,851 | -€60,946 | +€27,905 | +31.4% |
| Financial income | 75/76B | €13 | €177 | +€164 | +1,264% |
| Recurring financial income | 75 | €13 | €177 | +€164 | +1,264% |
| Financial charges | 65/66B | €68,195 | €76,140 | +€7,946 | +11.7% |
| Recurring financial charges | 65 | €68,195 | €76,140 | +€7,946 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | -€157,033 | -€136,909 | +€20,124 | +12.8% |
| Profit (loss) for the period | 9904 | -€157,033 | -€136,909 | +€20,124 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€157,033 | -€136,909 | +€20,124 | +12.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.