EL SOMBRERO: 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.
EL SOMBRERO
Largest movements
- Cash +€39,076
up €39,076 (+71.9%), from €54,309 to €93,385
mainly Tax, wage and social debts (+€42,162) and Depreciation (+€17,116)
- Receivables after one year +€19,288
up €19,288 (+46.3%), from €41,671 to €60,959
- Receivables within one year -€12,455
down €12,455 (-32.3%), from €38,592 to €26,137
of which Other amounts receivable: -€8,607
- Tangible fixed assets -€11,392
down €11,392 (-26.8%), from €42,550 to €31,158
of which Plant, machinery and equipment: -€11,497
- Stocks and contracts +€4,191
up €4,191 (+107%), from €3,930 to €8,121
- Tax, wage and social debts +€42,162
up €42,162 (+89.4%), from €47,168 to €89,330
of which Taxes: +€27,739
- Trade debts -€13,041
no longer reported in 2025 (was €13,041)
- Reserves +€7,542
up €7,542 (+8.3%), from €90,706 to €98,248
- Gross operating margin +€39,135
up €39,135 (+9.7%), from €405,052 to €444,187
- Staff costs +€35,617
up €35,617 (+9.7%), from €366,984 to €402,601
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 | €181,901 | €220,064 | +€38,163 | +21.0% |
| Fixed assets | 21/28 | €42,854 | €31,462 | -€11,392 | -26.6% |
| Tangible fixed assets | 22/27 | €42,550 | €31,158 | -€11,392 | -26.8% |
| Land and buildings | 22 | €1,136 | €272 | -€864 | -76.1% |
| Plant, machinery and equipment | 23 | €38,663 | €27,166 | -€11,497 | -29.7% |
| Furniture and vehicles | 24 | €2,751 | €3,720 | +€969 | +35.2% |
| Financial fixed assets | 28 | €305 | €305 | = | 0.0% |
| Current assets | 29/58 | €139,047 | €188,602 | +€49,555 | +35.6% |
| Amounts receivable after more than one year | 29 | €41,671 | €60,959 | +€19,288 | +46.3% |
| Other amounts receivable | 291 | €41,671 | €60,959 | +€19,288 | +46.3% |
| Stocks and contracts in progress | 3 | €3,930 | €8,121 | +€4,191 | +107% |
| Stocks | 30/36 | €3,930 | €8,121 | +€4,191 | +107% |
| Amounts receivable within one year | 40/41 | €38,592 | €26,137 | -€12,455 | -32.3% |
| Trade receivables | 40 | €25,000 | €21,152 | -€3,848 | -15.4% |
| Other amounts receivable | 41 | €13,592 | €4,985 | -€8,607 | -63.3% |
| Cash at bank and in hand | 54/58 | €54,309 | €93,385 | +€39,076 | +71.9% |
| Deferred charges and accrued income | 490/1 | €544 | - | -€544 | |
| Total equity and liabilities | 10/49 | €181,901 | €220,064 | +€38,163 | +21.0% |
| Equity | 10/15 | €121,692 | €129,235 | +€7,542 | +6.2% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €90,706 | €98,248 | +€7,542 | +8.3% |
| Distributable reserves | 133 | €90,706 | €98,248 | +€7,542 | +8.3% |
| Amounts payable | 17/49 | €60,209 | €90,830 | +€30,621 | +50.9% |
| Amounts payable within one year | 42/48 | €60,209 | €90,830 | +€30,621 | +50.9% |
| Trade debts | 44 | €13,041 | - | -€13,041 | |
| Suppliers | 440/4 | €13,041 | - | -€13,041 | |
| Advances received on contracts in progress | 46 | - | €1,500 | +€1,500 | |
| Taxes, remuneration and social security | 45 | €47,168 | €89,330 | +€42,162 | +89.4% |
| Taxes | 450/3 | €8,669 | €36,407 | +€27,739 | +320% |
| Remuneration and social security | 454/9 | €38,499 | €52,922 | +€14,423 | +37.5% |
| Remuneration, social security and pensions | 62 | €366,984 | €402,601 | +€35,617 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,605 | €17,116 | -€3,489 | -16.9% |
| Other operating charges | 640/8 | €1,669 | €2,503 | +€834 | +50.0% |
| Gross operating margin | 9900 | €405,052 | €444,187 | +€39,135 | +9.7% |
| Operating profit (loss) | 9901 | €15,793 | €21,967 | +€6,173 | +39.1% |
| Financial income | 75/76B | €58 | €8 | -€50 | -86.1% |
| Recurring financial income | 75 | €58 | €8 | -€50 | -86.1% |
| Financial charges | 65/66B | €6,085 | €7,144 | +€1,059 | +17.4% |
| Recurring financial charges | 65 | €6,085 | €7,144 | +€1,059 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €9,766 | €14,830 | +€5,064 | +51.9% |
| Income taxes | 67/77 | €4,300 | €6,042 | +€1,743 | +40.5% |
| Profit (loss) for the period | 9904 | €5,467 | €8,788 | +€3,321 | +60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,467 | €8,788 | +€3,321 | +60.8% |
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 22 October 2026 via checked.be.