SOBATI ET VISUAL: 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.
SOBATI ET VISUAL
Largest movements
- Tangible fixed assets -€403,004
down €403,004 (-47.9%), from €840,958 to €437,955
of which Land and buildings: -€398,969
- Current investments +€183,499
up €183,499 (+30.6%), from €600,000 to €783,499
- Receivables within one year +€81,157
up €81,157 (+35.2%), from €230,855 to €312,012
of which Other amounts receivable: +€63,157
- Cash +€20,595
up €20,595 (+169%), from €12,168 to €32,763
mainly Investment in fixed assets (net) (+€369,449) and Net result for the year (+€201,321)
- Debts after one year -€331,264
down €331,264 (-63.3%), from €523,337 to €192,074
- Reserves +€201,321
up €201,321 (+41.6%), from €484,075 to €685,396
of which Distributable reserves: +€201,321
- Other debts +€40,323
up €40,323 (+19.1%), from €210,660 to €250,983
- Trade debts -€22,809
down €22,809 (-55.6%), from €41,010 to €18,201
- Financial income -€90,697
down €90,697 (-36.1%), from €251,057 to €160,360
- Gross operating margin +€81,733
up €81,733 (+160%), from €51,221 to €132,954
- Depreciation -€50,504
down €50,504 (-60.1%), from €84,059 to €33,554
- Financial charges +€13,140
up €13,140 (+99.9%), from €13,153 to €26,293
- Other operating charges -€7,983
down €7,983 (-48.6%), from €16,422 to €8,439
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 | €1,865,958 | €1,736,412 | -€129,546 | -6.9% |
| Fixed assets | 21/28 | €1,008,878 | €605,874 | -€403,004 | -39.9% |
| Tangible fixed assets | 22/27 | €840,958 | €437,955 | -€403,004 | -47.9% |
| Land and buildings | 22 | €832,632 | €433,662 | -€398,969 | -47.9% |
| Plant, machinery and equipment | 23 | €2,408 | €1,642 | -€766 | -31.8% |
| Furniture and vehicles | 24 | €5,919 | €2,651 | -€3,268 | -55.2% |
| Financial fixed assets | 28 | €167,919 | €167,919 | = | 0.0% |
| Current assets | 29/58 | €857,081 | €1,130,538 | +€273,458 | +31.9% |
| Amounts receivable within one year | 40/41 | €230,855 | €312,012 | +€81,157 | +35.2% |
| Trade receivables | 40 | - | €18,000 | +€18,000 | |
| Other amounts receivable | 41 | €230,855 | €294,012 | +€63,157 | +27.4% |
| Current investments | 50/53 | €600,000 | €783,499 | +€183,499 | +30.6% |
| Cash at bank and in hand | 54/58 | €12,168 | €32,763 | +€20,595 | +169% |
| Deferred charges and accrued income | 490/1 | €14,058 | €2,265 | -€11,793 | -83.9% |
| Total equity and liabilities | 10/49 | €1,865,958 | €1,736,412 | -€129,546 | -6.9% |
| Equity | 10/15 | €1,024,845 | €1,226,166 | +€201,321 | +19.6% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €484,075 | €685,396 | +€201,321 | +41.6% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Legal reserve | 130 | €8,676 | €8,676 | = | 0.0% |
| Distributable reserves | 133 | €475,399 | €676,720 | +€201,321 | +42.3% |
| Profit (loss) carried forward | 14 | €454,007 | €454,007 | = | 0.0% |
| Amounts payable | 17/49 | €841,113 | €510,246 | -€330,867 | -39.3% |
| Amounts payable after more than one year | 17 | €523,337 | €192,074 | -€331,264 | -63.3% |
| Financial debts | 170/4 | €523,337 | €192,074 | -€331,264 | -63.3% |
| Amounts payable within one year | 42/48 | €317,775 | €318,172 | +€397 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €47,064 | €28,856 | -€18,208 | -38.7% |
| Trade debts | 44 | €41,010 | €18,201 | -€22,809 | -55.6% |
| Suppliers | 440/4 | €41,010 | €18,201 | -€22,809 | -55.6% |
| Taxes, remuneration and social security | 45 | €19,041 | €20,132 | +€1,091 | +5.7% |
| Taxes | 450/3 | €19,041 | €20,132 | +€1,091 | +5.7% |
| Other amounts payable | 47/48 | €210,660 | €250,983 | +€40,323 | +19.1% |
| Non-recurring operating income | 76A | €53,935 | €184,199 | +€130,264 | +242% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,059 | €33,554 | -€50,504 | -60.1% |
| Other operating charges | 640/8 | €16,422 | €8,439 | -€7,983 | -48.6% |
| Non-recurring operating charges | 66A | €14,132 | €4,208 | -€9,924 | -70.2% |
| Gross operating margin | 9900 | €51,221 | €132,954 | +€81,733 | +160% |
| Operating profit (loss) | 9901 | -€63,392 | €86,753 | +€150,145 | |
| Financial income | 75/76B | €251,057 | €160,360 | -€90,697 | -36.1% |
| Recurring financial income | 75 | €251,057 | €160,360 | -€90,697 | -36.1% |
| Financial charges | 65/66B | €13,153 | €26,293 | +€13,140 | +99.9% |
| Recurring financial charges | 65 | €13,153 | €26,293 | +€13,140 | +99.9% |
| Profit (loss) for the period before taxes | 9903 | €174,512 | €220,820 | +€46,308 | +26.5% |
| Income taxes | 67/77 | €17,913 | €19,499 | +€1,586 | +8.9% |
| Profit (loss) for the period | 9904 | €156,599 | €201,321 | +€44,722 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €156,599 | €201,321 | +€44,722 | +28.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.