SOBELIM: 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.
SOBELIM
Largest movements
- Stocks and contracts +€1.4m
up €1.4m (+102%), from €1.4m to €2.9m
- Cash -€647,168
down €647,168 (-61.9%), from €1.0m to €399,107
mainly Stocks and contracts (-€1.4m) and Net result for the year (-€293,685)
- Current investments -€300,000
down €300,000 (-100%), from €300,000 to €0
- Advances received +€797,030
up €797,030 (+86.1%), from €925,715 to €1.7m
- Profit (loss) carried forward -€293,685
down €293,685, from €287,278 to -€6,407
- Debts after one year -€236,980
down €236,980 (-75.8%), from €312,550 to €75,570
of which Other amounts payable: -€236,980
- Trade debts +€221,796
up €221,796 (+37.0%), from €599,668 to €821,463
- Gross operating margin -€279,995
down €279,995 (-3,131%), from -€8,944 to -€288,939
- Financial charges -€22,598
down €22,598 (-48.7%), from €46,387 to €23,790
- Financial income -€7,447
down €7,447 (-21.9%), from €34,060 to €26,612
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 | €2,916,193 | €3,391,548 | +€475,355 | +16.3% |
| Fixed assets | 21/28 | €1,606 | €813 | -€792 | -49.3% |
| Intangible fixed assets | 21 | €95 | €0 | -€95 | -100% |
| Tangible fixed assets | 22/27 | €1,511 | €813 | -€698 | -46.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €402 | €22 | -€380 | -94.6% |
| Furniture and vehicles | 24 | €1,109 | €792 | -€318 | -28.6% |
| Current assets | 29/58 | €2,914,587 | €3,390,735 | +€476,148 | +16.3% |
| Stocks and contracts in progress | 3 | €1,425,941 | €2,873,578 | +€1.4m | +102% |
| Contracts in progress | 37 | €1,425,941 | €2,873,578 | +€1.4m | +102% |
| Amounts receivable within one year | 40/41 | €136,181 | €114,728 | -€21,452 | -15.8% |
| Trade receivables | 40 | €91,371 | €109,674 | +€18,304 | +20.0% |
| Other amounts receivable | 41 | €44,810 | €5,054 | -€39,756 | -88.7% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100% |
| Cash at bank and in hand | 54/58 | €1,046,275 | €399,107 | -€647,168 | -61.9% |
| Deferred charges and accrued income | 490/1 | €6,190 | €3,321 | -€2,869 | -46.3% |
| Total equity and liabilities | 10/49 | €2,916,193 | €3,391,548 | +€475,355 | +16.3% |
| Equity | 10/15 | €1,060,701 | €767,016 | -€293,685 | -27.7% |
| Contributions | 10/11 | €24,892 | €24,892 | = | 0.0% |
| Reserves | 13 | €748,531 | €748,531 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,426 | €16,426 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,426 | €16,426 | = | 0.0% |
| Distributable reserves | 133 | €732,105 | €732,105 | = | 0.0% |
| Profit (loss) carried forward | 14 | €287,278 | -€6,407 | -€293,685 | |
| Amounts payable | 17/49 | €1,855,492 | €2,624,532 | +€769,040 | +41.4% |
| Amounts payable after more than one year | 17 | €312,550 | €75,570 | -€236,980 | -75.8% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €312,550 | €75,570 | -€236,980 | -75.8% |
| Amounts payable within one year | 42/48 | €1,537,619 | €2,544,230 | +€1.0m | +65.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €599,668 | €821,463 | +€221,796 | +37.0% |
| Suppliers | 440/4 | €599,668 | €821,463 | +€221,796 | +37.0% |
| Advances received on contracts in progress | 46 | €925,715 | €1,722,745 | +€797,030 | +86.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €12,236 | €22 | -€12,214 | -99.8% |
| Accrued charges and deferred income | 492/3 | €5,323 | €4,732 | -€591 | -11.1% |
| Non-recurring operating income | 76A | €151,910 | €0 | -€151,910 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,849 | €792 | -€1,056 | -57.1% |
| Other operating charges | 640/8 | €4,744 | €6,776 | +€2,032 | +42.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€8,944 | -€288,939 | -€279,995 | -3,131% |
| Operating profit (loss) | 9901 | -€15,537 | -€296,507 | -€280,971 | -1,808% |
| Financial income | 75/76B | €34,060 | €26,612 | -€7,447 | -21.9% |
| Recurring financial income | 75 | €34,060 | €26,612 | -€7,447 | -21.9% |
| Financial charges | 65/66B | €46,387 | €23,790 | -€22,598 | -48.7% |
| Recurring financial charges | 65 | €46,387 | €23,790 | -€22,598 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | -€27,864 | -€293,685 | -€265,820 | -954% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€27,864 | -€293,685 | -€265,820 | -954% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,864 | -€293,685 | -€265,820 | -954% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.