Sobelder: 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.
Sobelder
Largest movements
- Current investments -€44,954
down €44,954 (-4.7%), from €962,629 to €917,676
- Tangible fixed assets -€14,293
down €14,293 (-37.4%), from €38,209 to €23,916
- Tax, wage and social debts -€37,849
down €37,849 (-94.7%), from €39,956 to €2,107
- Financial income -€765,496
down €765,496 (-98.6%), from €776,014 to €10,518
- Taxes -€181,993
down €181,993, from €181,913 to -€81
- Gross operating margin +€31,049
up €31,049 (+93.0%), from -€33,389 to -€2,340
- Financial charges -€3,125
down €3,125 (-62.0%), from €5,036 to €1,911
- Other operating charges +€1,828
up €1,828 (+303.8%), from €602 to €2,430
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,017,682 | €973,028 | -€44,654 | -4.4% |
| Fixed assets | 21/28 | €38,209 | €23,916 | -€14,293 | -37.4% |
| Tangible fixed assets | 22/27 | €38,209 | €23,916 | -€14,293 | -37.4% |
| Furniture and vehicles | 24 | €38,209 | €23,916 | -€14,293 | -37.4% |
| Current assets | 29/58 | €979,473 | €949,113 | -€30,360 | -3.1% |
| Amounts receivable within one year | 40/41 | €7,080 | €15,169 | +€8,090 | +114.3% |
| Trade receivables | 40 | €4,538 | €10,588 | +€6,050 | +133.3% |
| Other amounts receivable | 41 | €2,542 | €4,582 | +€2,040 | +80.2% |
| Current investments | 50/53 | €962,629 | €917,676 | -€44,954 | -4.7% |
| Cash at bank and in hand | 54/58 | €7,349 | €13,706 | +€6,357 | +86.5% |
| Deferred charges and accrued income | 490/1 | €2,416 | €2,562 | +€147 | +6.1% |
| Total equity and liabilities | 10/49 | €1,017,682 | €973,028 | -€44,654 | -4.4% |
| Equity | 10/15 | €974,577 | €964,201 | -€10,376 | -1.1% |
| Contributions | 10/11 | €65,354 | €65,354 | = | 0.0% |
| Capital | 10 | €65,354 | €65,354 | = | 0.0% |
| Issued capital | 100 | €65,354 | €65,354 | = | 0.0% |
| Reserves | 13 | €908,597 | €906,176 | -€2,421 | -0.3% |
| Non-distributable reserves | 130/1 | €6,688 | €6,688 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,688 | €6,688 | = | 0.0% |
| Distributable reserves | 133 | €901,909 | €899,488 | -€2,421 | -0.3% |
| Profit (loss) carried forward | 14 | €626 | -€7,329 | -€7,955 | |
| Amounts payable | 17/49 | €43,105 | €8,828 | -€34,278 | -79.5% |
| Amounts payable within one year | 42/48 | €43,105 | €5,949 | -€37,156 | -86.2% |
| Trade debts | 44 | €154 | €847 | +€693 | +451.1% |
| Suppliers | 440/4 | €154 | €847 | +€693 | +451.1% |
| Taxes, remuneration and social security | 45 | €39,956 | €2,107 | -€37,849 | -94.7% |
| Taxes | 450/3 | €39,956 | €2,107 | -€37,849 | -94.7% |
| Other amounts payable | 47/48 | €2,996 | €2,996 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,878 | +€2,878 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,518 | €14,293 | -€225 | -1.5% |
| Other operating charges | 640/8 | €602 | €2,430 | +€1,828 | +303.8% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | -€33,389 | -€2,340 | +€31,049 | +93.0% |
| Operating profit (loss) | 9901 | -€48,509 | -€19,063 | +€29,446 | +60.7% |
| Financial income | 75/76B | €776,014 | €10,518 | -€765,496 | -98.6% |
| Recurring financial income | 75 | €776,014 | €10,518 | -€765,496 | -98.6% |
| Financial charges | 65/66B | €5,036 | €1,911 | -€3,125 | -62.0% |
| Recurring financial charges | 65 | €5,036 | €1,911 | -€3,125 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | €722,468 | -€10,457 | -€732,925 | |
| Income taxes | 67/77 | €181,913 | -€81 | -€181,993 | |
| Profit (loss) for the period | 9904 | €540,555 | -€10,376 | -€550,931 | |
| Profit (loss) for the period to be appropriated | 9905 | €540,555 | -€10,376 | -€550,931 |
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 3 October 2026 via checked.be.