Sobelgun: 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.
Sobelgun
Largest movements
- Tangible fixed assets -€16,920
down €16,920 (-16.7%), from €101,279 to €84,359
of which Furniture and vehicles: -€9,255
- Cash -€6,081
down €6,081 (-7.4%), from €82,656 to €76,575
mainly Net result for the year (-€12,138) and Debts after one year (-€7,756)
- Receivables within one year -€4,483
down €4,483 (-75.4%), from €5,948 to €1,465
of which Trade receivables: -€4,507
- Profit (loss) carried forward -€12,138
down €12,138 (-20.7%), from €58,531 to €46,393
- Debts after one year -€7,756
down €7,756 (-24.8%), from €31,294 to €23,538
- Other debts -€5,540
down €5,540 (-40.7%), from €13,600 to €8,060
- Gross operating margin -€40,516
down €40,516 (-65.1%), from €62,229 to €21,714
- Taxes -€4,739
no longer reported in 2025 (was €4,739)
- Depreciation +€2,633
up €2,633 (+18.4%), from €14,287 to €16,920
- Staff costs +€1,180
up €1,180 (+8.4%), from €13,961 to €15,140
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 | €192,629 | €165,285 | -€27,344 | -14.2% |
| Fixed assets | 21/28 | €101,279 | €84,359 | -€16,920 | -16.7% |
| Tangible fixed assets | 22/27 | €101,279 | €84,359 | -€16,920 | -16.7% |
| Land and buildings | 22 | €59,415 | €52,395 | -€7,020 | -11.8% |
| Plant, machinery and equipment | 23 | €818 | €173 | -€645 | -78.8% |
| Furniture and vehicles | 24 | €41,045 | €31,790 | -€9,255 | -22.5% |
| Current assets | 29/58 | €91,350 | €80,926 | -€10,424 | -11.4% |
| Stocks and contracts in progress | 3 | €1,210 | €2,250 | +€1,040 | +85.9% |
| Stocks | 30/36 | €1,210 | €2,250 | +€1,040 | +85.9% |
| Amounts receivable within one year | 40/41 | €5,948 | €1,465 | -€4,483 | -75.4% |
| Trade receivables | 40 | €5,948 | €1,441 | -€4,507 | -75.8% |
| Other amounts receivable | 41 | - | €24 | +€24 | |
| Cash at bank and in hand | 54/58 | €82,656 | €76,575 | -€6,081 | -7.4% |
| Deferred charges and accrued income | 490/1 | €1,535 | €636 | -€900 | -58.6% |
| Total equity and liabilities | 10/49 | €192,629 | €165,285 | -€27,344 | -14.2% |
| Equity | 10/15 | €131,217 | €118,335 | -€12,882 | -9.8% |
| Contributions | 10/11 | €22,718 | €22,718 | = | 0.0% |
| Reserves | 13 | €44,844 | €44,844 | = | 0.0% |
| Non-distributable reserves | 130/1 | €110 | €110 | = | 0.0% |
| Other | 1319 | €110 | €110 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,884 | €4,884 | = | 0.0% |
| Distributable reserves | 133 | €39,850 | €39,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,531 | €46,393 | -€12,138 | -20.7% |
| Investment grants | 15 | €5,124 | €4,380 | -€744 | -14.5% |
| Amounts payable | 17/49 | €61,412 | €46,949 | -€14,462 | -23.5% |
| Amounts payable after more than one year | 17 | €31,294 | €23,538 | -€7,756 | -24.8% |
| Financial debts | 170/4 | €31,294 | €23,538 | -€7,756 | -24.8% |
| Amounts payable within one year | 42/48 | €30,118 | €23,411 | -€6,706 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €8,796 | €7,756 | -€1,040 | -11.8% |
| Trade debts | 44 | €593 | €418 | -€176 | -29.6% |
| Suppliers | 440/4 | €593 | €418 | -€176 | -29.6% |
| Taxes, remuneration and social security | 45 | €7,128 | €7,177 | +€50 | +0.7% |
| Taxes | 450/3 | €5,355 | €4,739 | -€617 | -11.5% |
| Remuneration and social security | 454/9 | €1,773 | €2,439 | +€666 | +37.6% |
| Other amounts payable | 47/48 | €13,600 | €8,060 | -€5,540 | -40.7% |
| Non-recurring operating income | 76A | €6,067 | - | -€6,067 | |
| Remuneration, social security and pensions | 62 | €13,961 | €15,140 | +€1,180 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,287 | €16,920 | +€2,633 | +18.4% |
| Other operating charges | 640/8 | €1,337 | €1,065 | -€272 | -20.4% |
| Gross operating margin | 9900 | €62,229 | €21,714 | -€40,516 | -65.1% |
| Operating profit (loss) | 9901 | €32,644 | -€11,412 | -€44,056 | |
| Financial income | 75/76B | €744 | €744 | +€0 | 0.0% |
| Recurring financial income | 75 | €744 | €744 | +€0 | 0.0% |
| Financial charges | 65/66B | €957 | €1,470 | +€514 | +53.7% |
| Recurring financial charges | 65 | €957 | €1,470 | +€514 | +53.7% |
| Profit (loss) for the period before taxes | 9903 | €32,431 | -€12,138 | -€44,569 | |
| Income taxes | 67/77 | €4,739 | - | -€4,739 | |
| Profit (loss) for the period | 9904 | €27,692 | -€12,138 | -€39,830 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,692 | -€12,138 | -€39,830 |
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 29 October 2026 via checked.be.