SORWA CONSTRUCT: 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.
SORWA CONSTRUCT
Largest movements
- Receivables within one year +€151,142
up €151,142 (+34.1%), from €443,419 to €594,561
of which Trade receivables: +€104,322
- Cash -€56,595
down €56,595 (-14.6%), from €386,951 to €330,357
mainly Receivables within one year (-€151,142) and Debts after one year (-€91,219)
- Tangible fixed assets -€15,640
down €15,640 (-26.6%), from €58,761 to €43,121
of which Furniture and vehicles: -€14,753
- Trade debts +€143,527
up €143,527 (+113%), from €127,490 to €271,017
- Debts after one year -€91,219
down €91,219 (-67.8%), from €134,590 to €43,371
- Profit (loss) carried forward +€24,760
up €24,760 (+7.8%), from €318,671 to €343,431
- Tax, wage and social debts +€16,944
up €16,944 (+34.8%), from €48,738 to €65,682
of which Remuneration and social security: +€21,357
- Gross operating margin -€93,487
down €93,487 (-14.0%), from €668,506 to €575,020
- Staff costs -€65,732
down €65,732 (-12.4%), from €531,470 to €465,738
- Other operating charges -€57,718
down €57,718 (-86.8%), from €66,474 to €8,756
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 | €939,752 | €1,027,734 | +€87,981 | +9.4% |
| Fixed assets | 21/28 | €71,321 | €65,411 | -€5,910 | -8.3% |
| Tangible fixed assets | 22/27 | €58,761 | €43,121 | -€15,640 | -26.6% |
| Plant, machinery and equipment | 23 | €1,983 | €1,096 | -€887 | -44.7% |
| Furniture and vehicles | 24 | €56,778 | €42,025 | -€14,753 | -26.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €12,560 | €22,290 | +€9,730 | +77.5% |
| Current assets | 29/58 | €868,432 | €962,323 | +€93,891 | +10.8% |
| Stocks and contracts in progress | 3 | €38,061 | €37,405 | -€656 | -1.7% |
| Stocks | 30/36 | €38,061 | €37,405 | -€656 | -1.7% |
| Amounts receivable within one year | 40/41 | €443,419 | €594,561 | +€151,142 | +34.1% |
| Trade receivables | 40 | €443,419 | €547,741 | +€104,322 | +23.5% |
| Other amounts receivable | 41 | - | €46,820 | +€46,820 | |
| Cash at bank and in hand | 54/58 | €386,951 | €330,357 | -€56,595 | -14.6% |
| Total equity and liabilities | 10/49 | €939,752 | €1,027,734 | +€87,981 | +9.4% |
| Equity | 10/15 | €422,904 | €447,664 | +€24,760 | +5.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €42,233 | €42,233 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €36,033 | €36,033 | = | 0.0% |
| Profit (loss) carried forward | 14 | €318,671 | €343,431 | +€24,760 | +7.8% |
| Amounts payable | 17/49 | €516,848 | €580,070 | +€63,221 | +12.2% |
| Amounts payable after more than one year | 17 | €134,590 | €43,371 | -€91,219 | -67.8% |
| Other amounts payable | 178/9 | €134,590 | €43,371 | -€91,219 | -67.8% |
| Amounts payable within one year | 42/48 | €382,258 | €536,698 | +€154,440 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €3,456 | - | -€3,456 | |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €127,490 | €271,017 | +€143,527 | +113% |
| Suppliers | 440/4 | €127,490 | €271,017 | +€143,527 | +113% |
| Taxes, remuneration and social security | 45 | €48,738 | €65,682 | +€16,944 | +34.8% |
| Taxes | 450/3 | €6,737 | €2,325 | -€4,413 | -65.5% |
| Remuneration and social security | 454/9 | €42,000 | €63,357 | +€21,357 | +50.8% |
| Other amounts payable | 47/48 | €2,575 | - | -€2,575 | |
| Remuneration, social security and pensions | 62 | €531,470 | €465,738 | -€65,732 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,497 | €18,090 | -€1,407 | -7.2% |
| Other operating charges | 640/8 | €66,474 | €8,756 | -€57,718 | -86.8% |
| Non-recurring operating charges | 66A | - | €30,973 | +€30,973 | |
| Gross operating margin | 9900 | €668,506 | €575,020 | -€93,487 | -14.0% |
| Operating profit (loss) | 9901 | €51,065 | €51,462 | +€396 | +0.8% |
| Financial income | 75/76B | €2,097 | €4,121 | +€2,024 | +96.5% |
| Recurring financial income | 75 | €2,097 | €4,121 | +€2,024 | +96.5% |
| Financial charges | 65/66B | €17,648 | €14,342 | -€3,306 | -18.7% |
| Recurring financial charges | 65 | €17,648 | €14,342 | -€3,306 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €35,514 | €41,241 | +€5,726 | +16.1% |
| Income taxes | 67/77 | €14,958 | €16,481 | +€1,523 | +10.2% |
| Profit (loss) for the period | 9904 | €20,556 | €24,760 | +€4,204 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,556 | €24,760 | +€4,204 | +20.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.