SORTITIO: 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.
SORTITIO
Largest movements
- Intangible fixed assets -€10,000
down €10,000 (-11.5%), from €87,288 to €77,288
- Stocks and contracts -€6,411
down €6,411 (-49.3%), from €12,992 to €6,581
- Cash -€6,142
down €6,142 (-30.0%), from €20,452 to €14,310
mainly Debts after one year (-€20,143) and Other debts (-€5,947)
- Tangible fixed assets -€5,931
down €5,931 (-7.4%), from €80,258 to €74,327
- Debts after one year -€20,143
down €20,143 (-19.5%), from €103,454 to €83,311
- Other debts -€5,947
down €5,947 (-16.9%), from €35,198 to €29,251
- Gross operating margin -€11,542
down €11,542 (-23.6%), from €48,874 to €37,331
- Depreciation -€3,774
down €3,774 (-15.2%), from €24,883 to €21,109
- Financial charges -€2,230
down €2,230 (-33.1%), from €6,740 to €4,510
- Taxes -€1,106
down €1,106 (-61.5%), from €1,800 to €694
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €205,822 | €178,507 | -€27,315 | -13.3% |
| Fixed assets | 21/28 | €170,321 | €154,390 | -€15,931 | -9.4% |
| Intangible fixed assets | 21 | €87,288 | €77,288 | -€10,000 | -11.5% |
| Tangible fixed assets | 22/27 | €80,258 | €74,327 | -€5,931 | -7.4% |
| Plant, machinery and equipment | 23 | €80,258 | €74,327 | -€5,931 | -7.4% |
| Financial fixed assets | 28 | €2,775 | €2,775 | = | 0.0% |
| Current assets | 29/58 | €35,501 | €24,117 | -€11,384 | -32.1% |
| Stocks and contracts in progress | 3 | €12,992 | €6,581 | -€6,411 | -49.3% |
| Stocks | 30/36 | €12,992 | €6,581 | -€6,411 | -49.3% |
| Amounts receivable within one year | 40/41 | €362 | €1,444 | +€1,083 | +299.5% |
| Other amounts receivable | 41 | €362 | €1,444 | +€1,083 | +299.5% |
| Cash at bank and in hand | 54/58 | €20,452 | €14,310 | -€6,142 | -30.0% |
| Deferred charges and accrued income | 490/1 | €1,696 | €1,783 | +€87 | +5.1% |
| Total equity and liabilities | 10/49 | €205,822 | €178,507 | -€27,315 | -13.3% |
| Equity | 10/15 | €29,817 | €30,328 | +€511 | +1.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,817 | €5,328 | +€511 | +10.6% |
| Amounts payable | 17/49 | €176,005 | €148,180 | -€27,826 | -15.8% |
| Amounts payable after more than one year | 17 | €103,454 | €83,311 | -€20,143 | -19.5% |
| Financial debts | 170/4 | €103,454 | €83,311 | -€20,143 | -19.5% |
| Amounts payable within one year | 42/48 | €71,583 | €64,781 | -€6,802 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €19,524 | €20,143 | +€619 | +3.2% |
| Trade debts | 44 | €12,357 | €12,391 | +€34 | +0.3% |
| Suppliers | 440/4 | €12,357 | €12,391 | +€34 | +0.3% |
| Taxes, remuneration and social security | 45 | €4,503 | €2,995 | -€1,508 | -33.5% |
| Taxes | 450/3 | €3,713 | €2,513 | -€1,201 | -32.3% |
| Remuneration and social security | 454/9 | €790 | €483 | -€307 | -38.9% |
| Other amounts payable | 47/48 | €35,198 | €29,251 | -€5,947 | -16.9% |
| Accrued charges and deferred income | 492/3 | €968 | €88 | -€880 | -90.9% |
| Remuneration, social security and pensions | 62 | €9,619 | €9,347 | -€272 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,883 | €21,109 | -€3,774 | -15.2% |
| Other operating charges | 640/8 | €1,015 | €1,161 | +€146 | +14.4% |
| Gross operating margin | 9900 | €48,874 | €37,331 | -€11,542 | -23.6% |
| Operating profit (loss) | 9901 | €13,357 | €5,715 | -€7,642 | -57.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €6,740 | €4,510 | -€2,230 | -33.1% |
| Recurring financial charges | 65 | €6,740 | €4,510 | -€2,230 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €6,617 | €1,205 | -€5,412 | -81.8% |
| Income taxes | 67/77 | €1,800 | €694 | -€1,106 | -61.5% |
| Profit (loss) for the period | 9904 | €4,817 | €511 | -€4,306 | -89.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,817 | €511 | -€4,306 | -89.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.