SORIN CONSTRUCT: 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.
SORIN CONSTRUCT
Largest movements
- Receivables within one year +€62,224
up €62,224 (+21.2%), from €293,650 to €355,874
of which Other amounts receivable: +€31,235
- Tangible fixed assets -€27,280
down €27,280 (-34.6%), from €78,882 to €51,602
- Cash -€7,643
down €7,643 (-78.8%), from €9,697 to €2,055
mainly Receivables within one year (-€62,224) and Debts after one year (-€23,181)
- Profit (loss) carried forward +€29,601
up €29,601 (+16.2%), from €183,240 to €212,842
- Current portion of long-term debt +€28,986
up €28,986 (+95.5%), from €30,366 to €59,352
- Debts after one year -€23,181
down €23,181 (-42.1%), from €55,093 to €31,912
- Trade debts -€7,825
down €7,825 (-9.1%), from €86,199 to €78,374
- Financial charges -€12,085
down €12,085 (-78.9%), from €15,326 to €3,240
- Depreciation +€6,359
up €6,359 (+28.7%), from €22,182 to €28,541
- Staff costs -€5,490
no longer reported in 2024 (was €5,490)
- Financial income +€3,504
new in 2024: €3,504
- Gross operating margin +€2,788
up €2,788 (+4.0%), from €69,391 to €72,179
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.
Cash bridge derived
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 | €387,039 | €414,343 | +€27,305 | +7.1% |
| Fixed assets | 21/28 | €79,396 | €52,116 | -€27,280 | -34.4% |
| Tangible fixed assets | 22/27 | €78,882 | €51,602 | -€27,280 | -34.6% |
| Furniture and vehicles | 24 | €78,882 | €51,602 | -€27,280 | -34.6% |
| Financial fixed assets | 28 | €514 | €514 | = | 0.0% |
| Current assets | 29/58 | €307,642 | €362,227 | +€54,585 | +17.7% |
| Amounts receivable within one year | 40/41 | €293,650 | €355,874 | +€62,224 | +21.2% |
| Trade receivables | 40 | €225,708 | €256,697 | +€30,989 | +13.7% |
| Other amounts receivable | 41 | €67,942 | €99,177 | +€31,235 | +46.0% |
| Cash at bank and in hand | 54/58 | €9,697 | €2,055 | -€7,643 | -78.8% |
| Deferred charges and accrued income | 490/1 | €4,295 | €4,299 | +€4 | +0.1% |
| Total equity and liabilities | 10/49 | €387,039 | €414,343 | +€27,305 | +7.1% |
| Equity | 10/15 | €191,300 | €220,902 | +€29,601 | +15.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,240 | €212,842 | +€29,601 | +16.2% |
| Amounts payable | 17/49 | €195,738 | €193,442 | -€2,296 | -1.2% |
| Amounts payable after more than one year | 17 | €55,093 | €31,912 | -€23,181 | -42.1% |
| Financial debts | 170/4 | €55,093 | €31,912 | -€23,181 | -42.1% |
| Amounts payable within one year | 42/48 | €140,645 | €161,530 | +€20,885 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €30,366 | €59,352 | +€28,986 | +95.5% |
| Trade debts | 44 | €86,199 | €78,374 | -€7,825 | -9.1% |
| Suppliers | 440/4 | €86,199 | €78,374 | -€7,825 | -9.1% |
| Taxes, remuneration and social security | 45 | €24,080 | €23,804 | -€276 | -1.1% |
| Taxes | 450/3 | €22,720 | €23,564 | +€844 | +3.7% |
| Remuneration and social security | 454/9 | €1,359 | €240 | -€1,120 | -82.4% |
| Remuneration, social security and pensions | 62 | €5,490 | - | -€5,490 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,182 | €28,541 | +€6,359 | +28.7% |
| Other operating charges | 640/8 | €2,834 | €2,006 | -€828 | -29.2% |
| Non-recurring operating charges | 66A | €122 | - | -€122 | |
| Gross operating margin | 9900 | €69,391 | €72,179 | +€2,788 | +4.0% |
| Operating profit (loss) | 9901 | €38,762 | €41,631 | +€2,869 | +7.4% |
| Financial income | 75/76B | - | €3,504 | +€3,504 | |
| Recurring financial income | 75 | - | €3,504 | +€3,504 | |
| Financial charges | 65/66B | €15,326 | €3,240 | -€12,085 | -78.9% |
| Recurring financial charges | 65 | €15,326 | €3,240 | -€12,085 | -78.9% |
| Profit (loss) for the period before taxes | 9903 | €23,436 | €41,895 | +€18,459 | +78.8% |
| Income taxes | 67/77 | €9,777 | €12,294 | +€2,517 | +25.7% |
| Profit (loss) for the period | 9904 | €13,659 | €29,601 | +€15,942 | +116.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,659 | €29,601 | +€15,942 | +116.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.