sortinco: 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.
sortinco
Largest movements
- Receivables within one year -€45,101
down €45,101 (-47.6%), from €94,759 to €49,659
of which Other amounts receivable: -€90,100
- Cash -€32,659
down €32,659 (-37.8%), from €86,402 to €53,743
mainly Other debts (-€134,209) and Debts after one year (-€10,714)
- Other debts -€134,209
down €134,209 (-49.1%), from €273,271 to €139,063
- Reserves +€71,069
up €71,069 (+59.4%), from €119,731 to €190,800
- Debts after one year -€10,714
down €10,714 (-24.0%), from €44,643 to €33,929
- Tax, wage and social debts -€8,512
down €8,512 (-30.8%), from €27,671 to €19,159
of which Taxes: -€11,144
- Financial income -€80,002
down €80,002 (-100%), from €80,002 to €0
- Gross operating margin +€36,591
up €36,591 (+57.7%), from €63,451 to €100,042
- Taxes +€13,512
up €13,512 (+125%), from €10,801 to €24,313
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 | €496,484 | €416,357 | -€80,126 | -16.1% |
| Fixed assets | 21/28 | €308,902 | €307,274 | -€1,628 | -0.5% |
| Tangible fixed assets | 22/27 | €8,902 | €7,274 | -€1,628 | -18.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €3,202 | €2,200 | -€1,002 | -31.3% |
| Other tangible fixed assets | 26 | €5,700 | €5,073 | -€626 | -11.0% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €187,582 | €109,084 | -€78,498 | -41.8% |
| Amounts receivable within one year | 40/41 | €94,759 | €49,659 | -€45,101 | -47.6% |
| Trade receivables | 40 | €376 | €45,375 | +€44,999 | +11,974% |
| Other amounts receivable | 41 | €94,384 | €4,284 | -€90,100 | -95.5% |
| Current investments | 50/53 | €5,112 | €5,112 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €86,402 | €53,743 | -€32,659 | -37.8% |
| Deferred charges and accrued income | 490/1 | €1,309 | €570 | -€739 | -56.4% |
| Total equity and liabilities | 10/49 | €496,484 | €416,357 | -€80,126 | -16.1% |
| Equity | 10/15 | €138,372 | €209,425 | +€71,053 | +51.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,731 | €190,800 | +€71,069 | +59.4% |
| Distributable reserves | 133 | €119,731 | €190,800 | +€71,069 | +59.4% |
| Profit (loss) carried forward | 14 | €41 | €25 | -€16 | -39.9% |
| Amounts payable | 17/49 | €358,112 | €206,933 | -€151,179 | -42.2% |
| Amounts payable after more than one year | 17 | €44,643 | €33,929 | -€10,714 | -24.0% |
| Financial debts | 170/4 | €44,643 | €33,929 | -€10,714 | -24.0% |
| Amounts payable within one year | 42/48 | €313,469 | €173,004 | -€140,465 | -44.8% |
| Current portion of amounts payable after more than one year | 42 | €10,714 | €10,714 | = | 0.0% |
| Trade debts | 44 | €1,812 | €4,068 | +€2,255 | +124% |
| Suppliers | 440/4 | €1,812 | €4,068 | +€2,255 | +124% |
| Taxes, remuneration and social security | 45 | €27,671 | €19,159 | -€8,512 | -30.8% |
| Taxes | 450/3 | €27,671 | €16,527 | -€11,144 | -40.3% |
| Remuneration and social security | 454/9 | - | €2,632 | +€2,632 | |
| Other amounts payable | 47/48 | €273,271 | €139,063 | -€134,209 | -49.1% |
| Non-recurring operating income | 76A | €2,479 | €0 | -€2,479 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,800 | €1,628 | -€171 | -9.5% |
| Other operating charges | 640/8 | €1,217 | €526 | -€691 | -56.8% |
| Non-recurring operating charges | 66A | €9,354 | €0 | -€9,354 | -100% |
| Gross operating margin | 9900 | €63,451 | €100,042 | +€36,591 | +57.7% |
| Operating profit (loss) | 9901 | €51,081 | €97,888 | +€46,807 | +91.6% |
| Financial income | 75/76B | €80,002 | €0 | -€80,002 | -100% |
| Recurring financial income | 75 | €80,002 | €0 | -€80,002 | -100% |
| Financial charges | 65/66B | €2,835 | €2,522 | -€313 | -11.0% |
| Recurring financial charges | 65 | €2,835 | €2,522 | -€313 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €128,248 | €95,366 | -€32,882 | -25.6% |
| Income taxes | 67/77 | €10,801 | €24,313 | +€13,512 | +125% |
| Profit (loss) for the period | 9904 | €117,447 | €71,053 | -€46,394 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €117,447 | €71,053 | -€46,394 | -39.5% |
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 29 October 2026 via checked.be.