SORPAL: 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.
SORPAL
Largest movements
- Cash -€14,911
down €14,911 (-36.8%), from €40,475 to €25,564
mainly Net result for the year (-€16,036) and Debts after one year (-€9,793)
- Tangible fixed assets -€12,618
down €12,618 (-3.0%), from €424,773 to €412,154
- Profit (loss) carried forward -€16,036
down €16,036 (-11.0%), from -€145,779 to -€161,814
- Debts after one year -€9,793
down €9,793 (-3.3%), from €296,039 to €286,247
- Gross operating margin -€21,543
down €21,543 (-66.3%), from €32,492 to €10,949
- Other operating charges +€1,141
up €1,141 (+38.5%), from €2,961 to €4,102
- Depreciation +€402
up €402 (+2.1%), from €19,326 to €19,727
- Financial charges -€383
down €383 (-10.8%), from €3,538 to €3,155
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 | €465,248 | €439,766 | -€25,482 | -5.5% |
| Fixed assets | 21/28 | €424,773 | €412,154 | -€12,618 | -3.0% |
| Tangible fixed assets | 22/27 | €424,773 | €412,154 | -€12,618 | -3.0% |
| Land and buildings | 22 | €424,773 | €412,154 | -€12,618 | -3.0% |
| Current assets | 29/58 | €40,475 | €27,611 | -€12,864 | -31.8% |
| Amounts receivable within one year | 40/41 | - | €1,204 | +€1,204 | |
| Trade receivables | 40 | - | €1,204 | +€1,204 | |
| Cash at bank and in hand | 54/58 | €40,475 | €25,564 | -€14,911 | -36.8% |
| Deferred charges and accrued income | 490/1 | - | €843 | +€843 | |
| Total equity and liabilities | 10/49 | €465,248 | €439,766 | -€25,482 | -5.5% |
| Equity | 10/15 | €154,221 | €138,186 | -€16,036 | -10.4% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,779 | -€161,814 | -€16,036 | -11.0% |
| Amounts payable | 17/49 | €311,026 | €301,580 | -€9,446 | -3.0% |
| Amounts payable after more than one year | 17 | €296,039 | €286,247 | -€9,793 | -3.3% |
| Financial debts | 170/4 | €296,039 | €286,247 | -€9,793 | -3.3% |
| Amounts payable within one year | 42/48 | €14,262 | €14,558 | +€296 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €9,426 | €9,793 | +€366 | +3.9% |
| Trade debts | 44 | - | €45 | +€45 | |
| Suppliers | 440/4 | - | €45 | +€45 | |
| Other amounts payable | 47/48 | €4,836 | €4,721 | -€115 | -2.4% |
| Accrued charges and deferred income | 492/3 | €725 | €775 | +€50 | +6.9% |
| Non-recurring operating income | 76A | €18,946 | - | -€18,946 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,326 | €19,727 | +€402 | +2.1% |
| Other operating charges | 640/8 | €2,961 | €4,102 | +€1,141 | +38.5% |
| Gross operating margin | 9900 | €32,492 | €10,949 | -€21,543 | -66.3% |
| Operating profit (loss) | 9901 | €10,205 | -€12,881 | -€23,086 | |
| Financial charges | 65/66B | €3,538 | €3,155 | -€383 | -10.8% |
| Recurring financial charges | 65 | €3,538 | €3,155 | -€383 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €6,668 | -€16,036 | -€22,703 | |
| Profit (loss) for the period | 9904 | €6,668 | -€16,036 | -€22,703 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,668 | -€16,036 | -€22,703 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.