SOROBAN: 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.
SOROBAN
Largest movements
- Current investments -€157,409
down €157,409 (-63.9%), from €246,301 to €88,892
- Tangible fixed assets +€142,158
up €142,158 (+40.5%), from €351,314 to €493,472
of which Land and buildings: +€137,851
- Receivables within one year +€53,289
up €53,289 (+498%), from €10,691 to €63,980
of which Other amounts receivable: +€56,432
- Cash -€21,239
down €21,239 (-54.7%), from €38,846 to €17,607
mainly Investment in fixed assets (net) (-€163,371) and Receivables within one year (-€53,289)
- Investment grants +€47,259
new in 2025: €47,259
- Debts after one year -€27,009
down €27,009 (-8.3%), from €324,931 to €297,921
- Provisions +€11,601
up €11,601 (+1,262%), from €919 to €12,521
- Trade debts -€8,564
down €8,564 (-38.3%), from €22,371 to €13,807
- Profit (loss) carried forward -€8,029
down €8,029 (-70.4%), from -€11,404 to -€19,433
- Gross operating margin -€76,958
down €76,958 (-76.5%), from €100,601 to €23,643
- Financial charges -€6,166
down €6,166 (-47.7%), from €12,916 to €6,751
- Depreciation -€5,662
down €5,662 (-21.1%), from €26,875 to €21,213
- Other operating charges -€4,654
down €4,654 (-37.8%), from €12,299 to €7,645
- Financial income +€2,623
up €2,623 (+1,368%), from €192 to €2,815
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 | €648,320 | €664,943 | +€16,623 | +2.6% |
| Fixed assets | 21/28 | €351,314 | €493,472 | +€142,158 | +40.5% |
| Tangible fixed assets | 22/27 | €351,314 | €493,472 | +€142,158 | +40.5% |
| Land and buildings | 22 | €349,213 | €487,064 | +€137,851 | +39.5% |
| Plant, machinery and equipment | 23 | €2,101 | €6,409 | +€4,308 | +205% |
| Current assets | 29/58 | €297,006 | €171,470 | -€125,535 | -42.3% |
| Amounts receivable within one year | 40/41 | €10,691 | €63,980 | +€53,289 | +498% |
| Trade receivables | 40 | €5,235 | €2,092 | -€3,143 | -60.0% |
| Other amounts receivable | 41 | €5,457 | €61,888 | +€56,432 | +1,034% |
| Current investments | 50/53 | €246,301 | €88,892 | -€157,409 | -63.9% |
| Cash at bank and in hand | 54/58 | €38,846 | €17,607 | -€21,239 | -54.7% |
| Deferred charges and accrued income | 490/1 | €1,167 | €991 | -€176 | -15.1% |
| Total equity and liabilities | 10/49 | €648,320 | €664,943 | +€16,623 | +2.6% |
| Equity | 10/15 | €167,882 | €206,697 | +€38,815 | +23.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €154,285 | €153,871 | -€415 | -0.3% |
| Tax-exempt reserves | 132 | €1,785 | €1,371 | -€415 | -23.2% |
| Distributable reserves | 133 | €152,500 | €152,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,404 | -€19,433 | -€8,029 | -70.4% |
| Investment grants | 15 | - | €47,259 | +€47,259 | |
| Provisions and deferred taxes | 16 | €919 | €12,521 | +€11,601 | +1,262% |
| Deferred taxes | 168 | €919 | €12,521 | +€11,601 | +1,262% |
| Amounts payable | 17/49 | €479,519 | €445,725 | -€33,793 | -7.0% |
| Amounts payable after more than one year | 17 | €324,931 | €297,921 | -€27,009 | -8.3% |
| Financial debts | 170/4 | €324,931 | €297,921 | -€27,009 | -8.3% |
| Amounts payable within one year | 42/48 | €153,288 | €146,304 | -€6,984 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €27,026 | €27,383 | +€357 | +1.3% |
| Trade debts | 44 | €22,371 | €13,807 | -€8,564 | -38.3% |
| Suppliers | 440/4 | €22,371 | €13,807 | -€8,564 | -38.3% |
| Taxes, remuneration and social security | 45 | €61 | €978 | +€917 | +1,504% |
| Taxes | 450/3 | €61 | €978 | +€917 | +1,504% |
| Other amounts payable | 47/48 | €103,830 | €104,136 | +€306 | +0.3% |
| Accrued charges and deferred income | 492/3 | €1,300 | €1,500 | +€200 | +15.4% |
| Non-recurring operating income | 76A | €250 | - | -€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,875 | €21,213 | -€5,662 | -21.1% |
| Other operating charges | 640/8 | €12,299 | €7,645 | -€4,654 | -37.8% |
| Gross operating margin | 9900 | €100,601 | €23,643 | -€76,958 | -76.5% |
| Operating profit (loss) | 9901 | €61,427 | -€5,214 | -€66,641 | |
| Financial income | 75/76B | €192 | €2,815 | +€2,623 | +1,368% |
| Recurring financial income | 75 | €192 | €2,815 | +€2,623 | +1,368% |
| Financial charges | 65/66B | €12,916 | €6,751 | -€6,166 | -47.7% |
| Recurring financial charges | 65 | €12,916 | €6,751 | -€6,166 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €48,702 | -€9,150 | -€57,852 | |
| Transfer from deferred taxes | 780 | €5,002 | €706 | -€4,296 | -85.9% |
| Profit (loss) for the period | 9904 | €53,705 | -€8,444 | -€62,148 | |
| Transfer from tax-exempt reserves | 789 | €9,715 | €415 | -€9,300 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,419 | -€8,029 | -€71,448 |
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 25 October 2026 via checked.be.