Sobat: 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.
What changed
Sobat
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€988,830
2024 · €397,327+€591,503
Equity
€2.9m
2024 · €2.2m+€703,116
Cash
€863,795
2024 · €528,260+€335,535
Balance sheet total
€3.9m
2024 · €3.0m+€882,095
Largest movements
Assets
- Receivables within one year +€878,717
up €878,717 (+62.7%), from €1.4m to €2.3m
of which Trade receivables: +€882,260
- Stocks and contracts -€369,787
down €369,787 (-44.0%), from €840,938 to €471,152
of which Contracts in progress: -€365,267
- Cash +€335,535
up €335,535 (+63.5%), from €528,260 to €863,795
mainly Net result for the year (+€988,830) and Stocks and contracts (+€369,787)
Equity and liabilities
- Profit (loss) carried forward +€703,116
up €703,116 (+41.2%), from €1.7m to €2.4m
- Other debts +€142,857
up €142,857 (+100.0%), from €142,857 to €285,714
Income statement
- Gross operating margin +€815,255
up €815,255 (+48.3%), from €1.7m to €2.5m
- Staff costs +€156,026
up €156,026 (+16.0%), from €976,684 to €1.1m
- Taxes +€146,304
up €146,304 (+70.2%), from €208,270 to €354,574
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.
Result 2024
€397,327
Gross operating margin
+€815,255
Staff costs
-€156,026
Depreciation
+€1,910
Other operating charges
-€12,310
Other operating items
+€89,867
Financial income
+€385
Financial charges
-€1,275
Taxes
-€146,304
Result 2025
€988,830
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.
From operations
+€627,720
Investment
-€6,471
Financing
-€285,714
Cash 2024
€528,260
From operations (derived)
+€627,720
Net result for the year
+€988,830
Depreciation
+€1,850
Receivables after one year
-€9,667
Stocks and contracts
+€369,787
Receivables within one year
-€878,717
Deferred charges and accrued income
-€23,342
Trade debts
+€337
Tax, wage and social debts
+€17,599
Other debts
+€142,857
Accrued charges and deferred income
+€18,186
Investment (derived)
-€6,471
Investment in fixed assets (net)
-€6,471
Financing
-€285,714
Contributions, distributions and other
-€285,714
Cash 2025
€863,795
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,973,015 | €3,855,109 | +€882,095 | +29.7% |
| Fixed assets | 21/28 | €188,767 | €193,387 | +€4,620 | +2.4% |
| Tangible fixed assets | 22/27 | €110,835 | €114,077 | +€3,243 | +2.9% |
| Land and buildings | 22 | €108,768 | €108,768 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €1,932 | +€1,932 | |
| Furniture and vehicles | 24 | €2,067 | €3,377 | +€1,311 | +63.4% |
| Financial fixed assets | 28 | €77,932 | €79,310 | +€1,378 | +1.8% |
| Current assets | 29/58 | €2,784,248 | €3,661,722 | +€877,474 | +31.5% |
| Amounts receivable after more than one year | 29 | - | €9,667 | +€9,667 | |
| Other amounts receivable | 291 | - | €9,667 | +€9,667 | |
| Stocks and contracts in progress | 3 | €840,938 | €471,152 | -€369,787 | -44.0% |
| Stocks | 30/36 | €34,342 | €29,823 | -€4,520 | -13.2% |
| Contracts in progress | 37 | €806,596 | €441,329 | -€365,267 | -45.3% |
| Amounts receivable within one year | 40/41 | €1,400,786 | €2,279,502 | +€878,717 | +62.7% |
| Trade receivables | 40 | €1,365,318 | €2,247,578 | +€882,260 | +64.6% |
| Other amounts receivable | 41 | €35,468 | €31,924 | -€3,544 | -10.0% |
| Cash at bank and in hand | 54/58 | €528,260 | €863,795 | +€335,535 | +63.5% |
| Deferred charges and accrued income | 490/1 | €14,264 | €37,606 | +€23,342 | +163.6% |
| Total equity and liabilities | 10/49 | €2,973,015 | €3,855,109 | +€882,095 | +29.7% |
| Equity | 10/15 | €2,245,231 | €2,948,347 | +€703,116 | +31.3% |
| Contributions | 10/11 | €291,324 | €291,324 | = | 0.0% |
| Capital | 10 | €291,324 | €291,324 | = | 0.0% |
| Issued capital | 100 | €291,324 | €291,324 | = | 0.0% |
| Reserves | 13 | €247,230 | €247,230 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29,132 | €29,132 | = | 0.0% |
| Legal reserve | 130 | €29,132 | €29,132 | = | 0.0% |
| Distributable reserves | 133 | €218,098 | €218,098 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,706,678 | €2,409,793 | +€703,116 | +41.2% |
| Amounts payable | 17/49 | €727,783 | €906,762 | +€178,979 | +24.6% |
| Amounts payable within one year | 42/48 | €716,595 | €877,388 | +€160,793 | +22.4% |
| Trade debts | 44 | €361,515 | €361,853 | +€337 | +0.1% |
| Suppliers | 440/4 | €361,515 | €361,853 | +€337 | +0.1% |
| Taxes, remuneration and social security | 45 | €212,222 | €229,821 | +€17,599 | +8.3% |
| Taxes | 450/3 | €160,380 | €162,844 | +€2,464 | +1.5% |
| Remuneration and social security | 454/9 | €51,842 | €66,977 | +€15,134 | +29.2% |
| Other amounts payable | 47/48 | €142,857 | €285,714 | +€142,857 | +100.0% |
| Accrued charges and deferred income | 492/3 | €11,188 | €29,374 | +€18,186 | +162.5% |
| Non-recurring operating income | 76A | - | €1,456 | +€1,456 | |
| Remuneration, social security and pensions | 62 | €976,684 | €1,132,710 | +€156,026 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,761 | €1,850 | -€1,910 | -50.8% |
| Other operating charges | 640/8 | €10,211 | €22,521 | +€12,310 | +120.6% |
| Non-recurring operating charges | 66A | €93,034 | €3,167 | -€89,867 | -96.6% |
| Gross operating margin | 9900 | €1,687,953 | €2,503,208 | +€815,255 | +48.3% |
| Operating profit (loss) | 9901 | €604,263 | €1,342,960 | +€738,697 | +122.2% |
| Financial income | 75/76B | €12,412 | €12,797 | +€385 | +3.1% |
| Recurring financial income | 75 | €11,662 | €12,797 | +€1,135 | +9.7% |
| Non-recurring financial income | 76B | €750 | - | -€750 | |
| Financial charges | 65/66B | €11,077 | €12,352 | +€1,275 | +11.5% |
| Recurring financial charges | 65 | €11,077 | €12,352 | +€1,275 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €605,597 | €1,343,404 | +€737,807 | +121.8% |
| Income taxes | 67/77 | €208,270 | €354,574 | +€146,304 | +70.2% |
| Profit (loss) for the period | 9904 | €397,327 | €988,830 | +€591,503 | +148.9% |
| Transfer from tax-exempt reserves | 789 | €56,250 | - | -€56,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €453,577 | €988,830 | +€535,253 | +118.0% |
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 7 October 2026 via checked.be.