SOROA: 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.
What changed
SOROA
NACE 47.791, Retail sale of antiques
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€87,377
2024 · -€71,602-€15,775
Equity
-€62,663
2024 · €24,714-€87,377
Cash
€6,367
2024 · €1,454+€4,913
Balance sheet total
€552,404
2024 · €594,870-€42,466
Largest movements
Assets
- Tangible fixed assets -€54,314
down €54,314 (-9.4%), from €578,259 to €523,945
- Stocks and contracts +€6,190
new in 2025: €6,190
Equity and liabilities
- Profit (loss) carried forward -€87,377
down €87,377 (-45.8%), from -€190,969 to -€278,346
- Other debts +€60,849
up €60,849 (+168,278%), from €36 to €60,886
- Debts after one year -€29,991
down €29,991 (-5.7%), from €521,715 to €491,724
- Trade debts +€13,451
up €13,451 (+182%), from €7,399 to €20,850
Income statement
- Gross operating margin -€19,885
down €19,885 (-34.1%), from €58,341 to €38,456
- Depreciation -€1,709
down €1,709 (-3.0%), from €56,564 to €54,855
- Other operating charges -€843
down €843 (-14.8%), from €5,699 to €4,856
- Financial charges -€835
down €835 (-10.7%), from €7,831 to €6,996
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.
Result 2024
-€71,602
Gross operating margin
-€19,885
Staff costs
+€576
Depreciation
+€1,709
Other operating charges
+€843
Financial income
+€1
Financial charges
+€835
Taxes
+€147
Result 2025
-€87,377
raises the resultlowers the result
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.
From operations
+€34,822
Investment
-€541
Financing
-€29,367
Cash 2024
€1,454
From operations (derived)
+€34,822
Net result for the year
-€87,377
Depreciation
+€54,855
Stocks and contracts
-€6,190
Receivables within one year
-€228
Deferred charges and accrued income
-€516
Trade debts
+€13,451
Smaller working-capital items
-€23
Other debts
+€60,849
Investment (derived)
-€541
Investment in fixed assets (net)
-€541
Financing
-€29,367
Debts after one year
-€29,991
Current portion of long-term debt
+€624
Cash 2025
€6,367
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €594,870 | €552,404 | -€42,466 | -7.1% |
| Fixed assets | 21/28 | €578,285 | €523,971 | -€54,314 | -9.4% |
| Tangible fixed assets | 22/27 | €578,259 | €523,945 | -€54,314 | -9.4% |
| Land and buildings | 22 | €359,132 | €340,045 | -€19,087 | -5.3% |
| Plant, machinery and equipment | 23 | €66,777 | €59,836 | -€6,941 | -10.4% |
| Furniture and vehicles | 24 | €137,375 | €112,833 | -€24,542 | -17.9% |
| Other tangible fixed assets | 26 | €14,974 | €11,231 | -€3,744 | -25.0% |
| Financial fixed assets | 28 | €26 | €26 | = | 0.0% |
| Current assets | 29/58 | €16,585 | €28,433 | +€11,847 | +71.4% |
| Stocks and contracts in progress | 3 | - | €6,190 | +€6,190 | |
| Stocks | 30/36 | - | €6,190 | +€6,190 | |
| Amounts receivable within one year | 40/41 | €14,055 | €14,283 | +€228 | +1.6% |
| Trade receivables | 40 | €13,302 | €11,013 | -€2,289 | -17.2% |
| Other amounts receivable | 41 | €752 | €3,270 | +€2,517 | +335% |
| Cash at bank and in hand | 54/58 | €1,454 | €6,367 | +€4,913 | +338% |
| Deferred charges and accrued income | 490/1 | €1,077 | €1,593 | +€516 | +48.0% |
| Total equity and liabilities | 10/49 | €594,870 | €552,404 | -€42,466 | -7.1% |
| Equity | 10/15 | €24,714 | -€62,663 | -€87,377 | |
| Contributions | 10/11 | €168,600 | €168,600 | = | 0.0% |
| Reserves | 13 | €47,083 | €47,083 | = | 0.0% |
| Distributable reserves | 133 | €47,083 | €47,083 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€190,969 | -€278,346 | -€87,377 | -45.8% |
| Amounts payable | 17/49 | €570,156 | €615,067 | +€44,911 | +7.9% |
| Amounts payable after more than one year | 17 | €521,715 | €491,724 | -€29,991 | -5.7% |
| Financial debts | 170/4 | €521,715 | €491,724 | -€29,991 | -5.7% |
| Amounts payable within one year | 42/48 | €48,423 | €123,153 | +€74,729 | +154% |
| Current portion of amounts payable after more than one year | 42 | €29,367 | €29,991 | +€624 | +2.1% |
| Trade debts | 44 | €7,399 | €20,850 | +€13,451 | +182% |
| Suppliers | 440/4 | €7,399 | €20,850 | +€13,451 | +182% |
| Taxes, remuneration and social security | 45 | €11,621 | €11,426 | -€196 | -1.7% |
| Taxes | 450/3 | €2,610 | €2,333 | -€277 | -10.6% |
| Remuneration and social security | 454/9 | €9,011 | €9,093 | +€82 | +0.9% |
| Other amounts payable | 47/48 | €36 | €60,886 | +€60,849 | +168,278% |
| Accrued charges and deferred income | 492/3 | €17 | €190 | +€173 | +996% |
| Remuneration, social security and pensions | 62 | €59,089 | €58,513 | -€576 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,564 | €54,855 | -€1,709 | -3.0% |
| Other operating charges | 640/8 | €5,699 | €4,856 | -€843 | -14.8% |
| Gross operating margin | 9900 | €58,341 | €38,456 | -€19,885 | -34.1% |
| Operating profit (loss) | 9901 | -€63,010 | -€79,768 | -€16,757 | -26.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | +417% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +417% |
| Financial charges | 65/66B | €7,831 | €6,996 | -€835 | -10.7% |
| Recurring financial charges | 65 | €7,831 | €6,996 | -€835 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€70,841 | -€86,763 | -€15,922 | -22.5% |
| Income taxes | 67/77 | €761 | €614 | -€147 | -19.3% |
| Profit (loss) for the period | 9904 | -€71,602 | -€87,377 | -€15,775 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,602 | -€87,377 | -€15,775 | -22.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.