SORWAB: 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.
SORWAB
Largest movements
- Cash -€16,954
down €16,954 (-31.1%), from €54,477 to €37,524
mainly Net result for the year (-€34,338) and Other debts (-€6,510)
- Receivables within one year -€9,243
down €9,243 (-52.2%), from €17,696 to €8,453
of which Trade receivables: -€8,614
- Tangible fixed assets -€9,127
down €9,127 (-18.0%), from €50,708 to €41,581
of which Furniture and vehicles: -€9,127
- Profit (loss) carried forward -€34,338
down €34,338, from €4,285 to -€30,053
- Other debts -€6,510
down €6,510 (-6.2%), from €105,458 to €98,948
- Trade debts +€2,754
up €2,754 (+109%), from €2,531 to €5,285
- Tax, wage and social debts +€2,678
up €2,678 (+37.5%), from €7,134 to €9,812
of which Remuneration and social security: +€6,009
- Gross operating margin -€43,024
down €43,024 (-39.0%), from €110,246 to €67,222
- Depreciation -€6,500
down €6,500 (-41.6%), from €15,627 to €9,127
- Other operating charges +€2,958
up €2,958 (+126%), from €2,340 to €5,298
- Staff costs -€2,340
down €2,340 (-2.6%), from €89,207 to €86,866
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 | €129,408 | €93,992 | -€35,415 | -27.4% |
| Fixed assets | 21/28 | €56,208 | €47,081 | -€9,127 | -16.2% |
| Tangible fixed assets | 22/27 | €50,708 | €41,581 | -€9,127 | -18.0% |
| Furniture and vehicles | 24 | €25,725 | €16,597 | -€9,127 | -35.5% |
| Leasing and similar rights | 25 | €24,984 | €24,984 | = | 0.0% |
| Financial fixed assets | 28 | €5,500 | €5,500 | = | 0.0% |
| Current assets | 29/58 | €73,199 | €46,911 | -€26,288 | -35.9% |
| Amounts receivable within one year | 40/41 | €17,696 | €8,453 | -€9,243 | -52.2% |
| Trade receivables | 40 | €15,606 | €6,992 | -€8,614 | -55.2% |
| Other amounts receivable | 41 | €2,090 | €1,460 | -€630 | -30.1% |
| Cash at bank and in hand | 54/58 | €54,477 | €37,524 | -€16,954 | -31.1% |
| Deferred charges and accrued income | 490/1 | €1,026 | €935 | -€91 | -8.8% |
| Total equity and liabilities | 10/49 | €129,408 | €93,992 | -€35,415 | -27.4% |
| Equity | 10/15 | €14,285 | -€20,053 | -€34,338 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,285 | -€30,053 | -€34,338 | |
| Amounts payable | 17/49 | €115,123 | €114,045 | -€1,077 | -0.9% |
| Amounts payable within one year | 42/48 | €115,123 | €114,045 | -€1,077 | -0.9% |
| Trade debts | 44 | €2,531 | €5,285 | +€2,754 | +109% |
| Suppliers | 440/4 | €2,531 | €5,285 | +€2,754 | +109% |
| Taxes, remuneration and social security | 45 | €7,134 | €9,812 | +€2,678 | +37.5% |
| Taxes | 450/3 | €4,378 | €1,047 | -€3,330 | -76.1% |
| Remuneration and social security | 454/9 | €2,756 | €8,765 | +€6,009 | +218% |
| Other amounts payable | 47/48 | €105,458 | €98,948 | -€6,510 | -6.2% |
| Remuneration, social security and pensions | 62 | €89,207 | €86,866 | -€2,340 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,627 | €9,127 | -€6,500 | -41.6% |
| Other operating charges | 640/8 | €2,340 | €5,298 | +€2,958 | +126% |
| Gross operating margin | 9900 | €110,246 | €67,222 | -€43,024 | -39.0% |
| Operating profit (loss) | 9901 | €3,072 | -€34,069 | -€37,142 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -82.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -82.5% |
| Financial charges | 65/66B | €561 | €109 | -€451 | -80.5% |
| Recurring financial charges | 65 | €561 | €109 | -€451 | -80.5% |
| Profit (loss) for the period before taxes | 9903 | €2,514 | -€34,178 | -€36,692 | |
| Income taxes | 67/77 | €638 | €160 | -€479 | -75.0% |
| Profit (loss) for the period | 9904 | €1,875 | -€34,338 | -€36,213 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,875 | -€34,338 | -€36,213 |
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 13 October 2026 via checked.be.