SORTEX: 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.
SORTEX
Largest movements
- Receivables within one year -€2,995
down €2,995 (-2.3%), from €130,855 to €127,860
of which Trade receivables: -€5,299
- Deferred charges and accrued income +€2,157
new in 2025: €2,157
- Tangible fixed assets -€2,122
down €2,122 (-27.3%), from €7,782 to €5,659
- Other debts -€5,058
down €5,058 (-90.5%), from €5,588 to €530
- Trade debts +€3,042
up €3,042 (+70.0%), from €4,346 to €7,388
- Gross operating margin -€5,355
down €5,355 (-47.6%), from €11,257 to €5,902
- Taxes -€1,524
down €1,524 (-51.7%), from €2,947 to €1,423
- Other operating charges -€881
down €881 (-65.1%), from €1,353 to €472
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 | €152,821 | €151,123 | -€1,698 | -1.1% |
| Fixed assets | 21/28 | €8,382 | €6,259 | -€2,122 | -25.3% |
| Tangible fixed assets | 22/27 | €7,782 | €5,659 | -€2,122 | -27.3% |
| Furniture and vehicles | 24 | €7,782 | €5,659 | -€2,122 | -27.3% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €144,439 | €144,864 | +€425 | +0.3% |
| Amounts receivable within one year | 40/41 | €130,855 | €127,860 | -€2,995 | -2.3% |
| Trade receivables | 40 | €127,732 | €122,433 | -€5,299 | -4.1% |
| Other amounts receivable | 41 | €3,123 | €5,427 | +€2,304 | +73.8% |
| Current investments | 50/53 | €10,028 | €10,028 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,556 | €4,818 | +€1,262 | +35.5% |
| Deferred charges and accrued income | 490/1 | - | €2,157 | +€2,157 | |
| Total equity and liabilities | 10/49 | €152,821 | €151,123 | -€1,698 | -1.1% |
| Equity | 10/15 | €142,887 | €143,205 | +€318 | +0.2% |
| Contributions | 10/11 | €8,188 | €8,188 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,699 | €135,017 | +€318 | +0.2% |
| Amounts payable | 17/49 | €9,934 | €7,918 | -€2,016 | -20.3% |
| Amounts payable within one year | 42/48 | €9,934 | €7,918 | -€2,016 | -20.3% |
| Trade debts | 44 | €4,346 | €7,388 | +€3,042 | +70.0% |
| Suppliers | 440/4 | €4,346 | €7,388 | +€3,042 | +70.0% |
| Other amounts payable | 47/48 | €5,588 | €530 | -€5,058 | -90.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,122 | €2,122 | = | 0.0% |
| Other operating charges | 640/8 | €1,353 | €472 | -€881 | -65.1% |
| Gross operating margin | 9900 | €11,257 | €5,902 | -€5,355 | -47.6% |
| Operating profit (loss) | 9901 | €7,782 | €3,308 | -€4,474 | -57.5% |
| Financial charges | 65/66B | €1,608 | €1,557 | -€51 | -3.1% |
| Recurring financial charges | 65 | €1,608 | €1,557 | -€51 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €6,174 | €1,750 | -€4,424 | -71.6% |
| Income taxes | 67/77 | €2,947 | €1,423 | -€1,524 | -51.7% |
| Profit (loss) for the period | 9904 | €3,227 | €327 | -€2,900 | -89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,227 | €327 | -€2,900 | -89.9% |
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 10 October 2026 via checked.be.