SOBELEC: 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.
SOBELEC
Largest movements
- Receivables within one year +€2,759
up €2,759 (+44.9%), from €6,146 to €8,905
of which Trade receivables: +€2,387
- Cash +€1,494
up €1,494 (+9.0%), from €16,657 to €18,151
mainly Debts after one year (+€8,674) and Trade debts (+€3,022)
- Debts after one year +€8,674
up €8,674 (+36.0%), from €24,068 to €32,742
- Profit (loss) carried forward -€6,885
down €6,885 (-35.0%), from -€19,653 to -€26,537
- Trade debts +€3,022
up €3,022 (+246%), from €1,227 to €4,249
- Accrued charges and deferred income -€399
no longer reported in 2025 (was €399)
- Tax, wage and social debts -€355
no longer reported in 2025 (was €355)
- Write-downs -€4,960
no longer reported in 2025 (was €4,960)
- Financial charges -€385
down €385 (-63.2%), from €610 to €224
- Depreciation -€202
down €202 (-50.7%), from €399 to €196
- Gross operating margin -€181
down €181 (-3.1%), from -€5,883 to -€6,064
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 | €26,857 | €30,914 | +€4,057 | +15.1% |
| Fixed assets | 21/28 | €223 | €27 | -€196 | -87.9% |
| Tangible fixed assets | 22/27 | €223 | €27 | -€196 | -87.9% |
| Furniture and vehicles | 24 | €223 | €27 | -€196 | -87.9% |
| Current assets | 29/58 | €26,634 | €30,887 | +€4,254 | +16.0% |
| Stocks and contracts in progress | 3 | €3,831 | €3,831 | = | 0.0% |
| Stocks | 30/36 | €3,831 | €3,831 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,146 | €8,905 | +€2,759 | +44.9% |
| Trade receivables | 40 | €5,804 | €8,191 | +€2,387 | +41.1% |
| Other amounts receivable | 41 | €342 | €714 | +€372 | +109% |
| Cash at bank and in hand | 54/58 | €16,657 | €18,151 | +€1,494 | +9.0% |
| Total equity and liabilities | 10/49 | €26,857 | €30,914 | +€4,057 | +15.1% |
| Equity | 10/15 | €807 | -€6,077 | -€6,885 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,653 | -€26,537 | -€6,885 | -35.0% |
| Amounts payable | 17/49 | €26,050 | €36,992 | +€10,942 | +42.0% |
| Amounts payable after more than one year | 17 | €24,068 | €32,742 | +€8,674 | +36.0% |
| Other amounts payable | 178/9 | €24,068 | €32,742 | +€8,674 | +36.0% |
| Amounts payable within one year | 42/48 | €1,582 | €4,249 | +€2,667 | +169% |
| Trade debts | 44 | €1,227 | €4,249 | +€3,022 | +246% |
| Suppliers | 440/4 | €1,227 | €4,249 | +€3,022 | +246% |
| Taxes, remuneration and social security | 45 | €355 | - | -€355 | |
| Taxes | 450/3 | €355 | - | -€355 | |
| Accrued charges and deferred income | 492/3 | €399 | - | -€399 | |
| Non-recurring operating income | 76A | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €399 | €196 | -€202 | -50.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,960 | - | -€4,960 | |
| Other operating charges | 640/8 | €399 | €400 | +€0 | +0.1% |
| Gross operating margin | 9900 | -€5,883 | -€6,064 | -€181 | -3.1% |
| Operating profit (loss) | 9901 | -€11,640 | -€6,660 | +€4,980 | +42.8% |
| Financial charges | 65/66B | €610 | €224 | -€385 | -63.2% |
| Recurring financial charges | 65 | €610 | €224 | -€385 | -63.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,250 | -€6,885 | +€5,366 | +43.8% |
| Profit (loss) for the period | 9904 | -€12,250 | -€6,885 | +€5,366 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,250 | -€6,885 | +€5,366 | +43.8% |
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 15 October 2026 via checked.be.