SORVAS: 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.
SORVAS
Largest movements
- Receivables within one year +€49,883
up €49,883 (+139.3%), from €35,819 to €85,701
of which Trade receivables: +€49,883
- Deferred charges and accrued income -€1,353
down €1,353 (-41.9%), from €3,232 to €1,879
- Reserves +€35,000
up €35,000 (+100.0%), from €35,000 to €70,000
- Tax, wage and social debts +€8,724
up €8,724 (+79.0%), from €11,037 to €19,761
of which Taxes: +€8,724
- Other debts +€5,945
up €5,945 (+37.6%), from €15,806 to €21,751
- Trade debts -€2,584
down €2,584 (-73.7%), from €3,508 to €924
- Gross operating margin +€52,124
up €52,124 (+289.9%), from €17,979 to €70,103
- Taxes +€10,345
up €10,345 (+120.1%), from €8,616 to €18,961
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 | €77,394 | €125,942 | +€48,549 | +62.7% |
| Fixed assets | 21/28 | €38,106 | €37,558 | -€548 | -1.4% |
| Tangible fixed assets | 22/27 | €38,010 | €37,462 | -€548 | -1.4% |
| Land and buildings | 22 | €36,870 | €36,870 | = | 0.0% |
| Furniture and vehicles | 24 | €1,140 | €592 | -€548 | -48.1% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €39,287 | €88,384 | +€49,097 | +125.0% |
| Amounts receivable within one year | 40/41 | €35,819 | €85,701 | +€49,883 | +139.3% |
| Trade receivables | 40 | €34,422 | €84,305 | +€49,883 | +144.9% |
| Other amounts receivable | 41 | €1,396 | €1,396 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €237 | €804 | +€567 | +239.3% |
| Deferred charges and accrued income | 490/1 | €3,232 | €1,879 | -€1,353 | -41.9% |
| Total equity and liabilities | 10/49 | €77,394 | €125,942 | +€48,549 | +62.7% |
| Equity | 10/15 | €45,390 | €81,308 | +€35,918 | +79.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €35,000 | €70,000 | +€35,000 | +100.0% |
| Distributable reserves | 133 | €35,000 | €70,000 | +€35,000 | +100.0% |
| Profit (loss) carried forward | 14 | €4,193 | €5,111 | +€918 | +21.9% |
| Amounts payable | 17/49 | €32,004 | €44,634 | +€12,630 | +39.5% |
| Amounts payable within one year | 42/48 | €31,282 | €43,940 | +€12,658 | +40.5% |
| Financial debts | 43 | €931 | €1,504 | +€573 | +61.6% |
| Credit institutions | 430/8 | €931 | €1,504 | +€573 | +61.6% |
| Trade debts | 44 | €3,508 | €924 | -€2,584 | -73.7% |
| Suppliers | 440/4 | €3,508 | €924 | -€2,584 | -73.7% |
| Taxes, remuneration and social security | 45 | €11,037 | €19,761 | +€8,724 | +79.0% |
| Taxes | 450/3 | €5,637 | €14,361 | +€8,724 | +154.8% |
| Remuneration and social security | 454/9 | €5,400 | €5,400 | = | 0.0% |
| Other amounts payable | 47/48 | €15,806 | €21,751 | +€5,945 | +37.6% |
| Accrued charges and deferred income | 492/3 | €722 | €694 | -€28 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €466 | €548 | +€83 | +17.8% |
| Other operating charges | 640/8 | €1,383 | €1,437 | +€53 | +3.9% |
| Non-recurring operating charges | 66A | €2,103 | €464 | -€1,639 | -78.0% |
| Gross operating margin | 9900 | €17,979 | €70,103 | +€52,124 | +289.9% |
| Operating profit (loss) | 9901 | €14,027 | €67,654 | +€53,627 | +382.3% |
| Financial income | 75/76B | €51 | €225 | +€174 | +344.4% |
| Recurring financial income | 75 | €51 | €225 | +€174 | +344.4% |
| Financial charges | 65/66B | €1,480 | €1,000 | -€479 | -32.4% |
| Recurring financial charges | 65 | €1,480 | €1,000 | -€479 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €12,598 | €66,879 | +€54,281 | +430.9% |
| Income taxes | 67/77 | €8,616 | €18,961 | +€10,345 | +120.1% |
| Profit (loss) for the period | 9904 | €3,982 | €47,918 | +€43,936 | +1103.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,982 | €47,918 | +€43,936 | +1103.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.