SORO: 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.
SORO
Largest movements
- Stocks and contracts -€317,420
down €317,420 (-81.6%), from €388,929 to €71,509
- Tangible fixed assets -€68,698
down €68,698 (-13.6%), from €504,815 to €436,117
- Cash -€61,111
down €61,111 (-29.6%), from €206,681 to €145,570
mainly Other debts (-€409,758) and Debts after one year (-€28,694)
- Other debts -€409,758
down €409,758 (-61.2%), from €669,468 to €259,709
- Debts after one year -€28,694
down €28,694 (-18.0%), from €159,353 to €130,659
- Staff costs +€17,291
up €17,291 (+72.5%), from €23,851 to €41,142
- Gross operating margin +€4,527
up €4,527 (+3.3%), from €137,531 to €142,058
- Financial income -€3,357
down €3,357 (-62.4%), from €5,383 to €2,025
- Taxes -€2,785
down €2,785 (-39.3%), from €7,088 to €4,303
- Depreciation -€2,716
down €2,716 (-3.4%), from €79,127 to €76,411
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 | €1,328,408 | €876,069 | -€452,340 | -34.1% |
| Fixed assets | 21/28 | €504,925 | €436,226 | -€68,698 | -13.6% |
| Tangible fixed assets | 22/27 | €504,815 | €436,117 | -€68,698 | -13.6% |
| Land and buildings | 22 | €348,549 | €316,160 | -€32,389 | -9.3% |
| Plant, machinery and equipment | 23 | €111,833 | €92,947 | -€18,885 | -16.9% |
| Furniture and vehicles | 24 | €44,434 | €27,010 | -€17,424 | -39.2% |
| Financial fixed assets | 28 | €109 | €109 | = | 0.0% |
| Current assets | 29/58 | €823,484 | €439,842 | -€383,641 | -46.6% |
| Stocks and contracts in progress | 3 | €388,929 | €71,509 | -€317,420 | -81.6% |
| Stocks | 30/36 | €388,929 | €71,509 | -€317,420 | -81.6% |
| Amounts receivable within one year | 40/41 | €215,893 | €215,874 | -€19 | 0.0% |
| Trade receivables | 40 | €10,916 | €3,484 | -€7,432 | -68.1% |
| Other amounts receivable | 41 | €204,977 | €212,390 | +€7,413 | +3.6% |
| Cash at bank and in hand | 54/58 | €206,681 | €145,570 | -€61,111 | -29.6% |
| Deferred charges and accrued income | 490/1 | €11,981 | €6,889 | -€5,092 | -42.5% |
| Total equity and liabilities | 10/49 | €1,328,408 | €876,069 | -€452,340 | -34.1% |
| Equity | 10/15 | €404,571 | €415,875 | +€11,304 | +2.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €337,710 | €349,010 | +€11,300 | +3.3% |
| Distributable reserves | 133 | €337,710 | €349,010 | +€11,300 | +3.3% |
| Profit (loss) carried forward | 14 | €60,661 | €60,665 | +€4 | 0.0% |
| Amounts payable | 17/49 | €923,837 | €460,194 | -€463,643 | -50.2% |
| Amounts payable after more than one year | 17 | €159,353 | €130,659 | -€28,694 | -18.0% |
| Financial debts | 170/4 | €159,353 | €130,659 | -€28,694 | -18.0% |
| Amounts payable within one year | 42/48 | €764,009 | €329,535 | -€434,475 | -56.9% |
| Current portion of amounts payable after more than one year | 42 | €36,944 | €28,694 | -€8,250 | -22.3% |
| Trade debts | 44 | €17,260 | €18,383 | +€1,122 | +6.5% |
| Suppliers | 440/4 | €17,260 | €18,383 | +€1,122 | +6.5% |
| Advances received on contracts in progress | 46 | €10,129 | - | -€10,129 | |
| Taxes, remuneration and social security | 45 | €30,209 | €22,749 | -€7,460 | -24.7% |
| Taxes | 450/3 | €26,640 | €20,360 | -€6,281 | -23.6% |
| Remuneration and social security | 454/9 | €3,568 | €2,389 | -€1,179 | -33.1% |
| Other amounts payable | 47/48 | €669,468 | €259,709 | -€409,758 | -61.2% |
| Accrued charges and deferred income | 492/3 | €474 | - | -€474 | |
| Non-recurring operating income | 76A | €12,000 | - | -€12,000 | |
| Remuneration, social security and pensions | 62 | €23,851 | €41,142 | +€17,291 | +72.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,127 | €76,411 | -€2,716 | -3.4% |
| Other operating charges | 640/8 | €7,674 | €6,002 | -€1,672 | -21.8% |
| Gross operating margin | 9900 | €137,531 | €142,058 | +€4,527 | +3.3% |
| Operating profit (loss) | 9901 | €26,879 | €18,502 | -€8,376 | -31.2% |
| Financial income | 75/76B | €5,383 | €2,025 | -€3,357 | -62.4% |
| Recurring financial income | 75 | €5,383 | €2,025 | -€3,357 | -62.4% |
| Financial charges | 65/66B | €4,383 | €4,921 | +€538 | +12.3% |
| Recurring financial charges | 65 | €4,383 | €4,921 | +€538 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €27,879 | €15,607 | -€12,272 | -44.0% |
| Income taxes | 67/77 | €7,088 | €4,303 | -€2,785 | -39.3% |
| Profit (loss) for the period | 9904 | €20,791 | €11,304 | -€9,487 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,791 | €11,304 | -€9,487 | -45.6% |
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 6 October 2026 via checked.be.