SOBELKA: 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.
SOBELKA
Largest movements
- Stocks and contracts +€444,757
up €444,757 (+28.6%), from €1.6m to €2.0m
- Receivables within one year -€348,666
down €348,666 (-56.6%), from €615,973 to €267,307
of which Other amounts receivable: -€291,760
- Cash +€29,352
up €29,352 (+14.6%), from €200,978 to €230,330
mainly Receivables within one year (+€348,666) and Net result for the year (+€290,172)
- Profit (loss) carried forward +€290,172
up €290,172 (+189.5%), from €153,117 to €443,289
- Debts after one year -€156,000
down €156,000 (-37.3%), from €418,125 to €262,125
of which Financial debts: -€156,000
- Short-term financial debts -€115,891
down €115,891 (-6.8%), from €1.7m to €1.6m
- Tax, wage and social debts +€100,951
up €100,951 (+869.8%), from €11,606 to €112,557
- Gross operating margin +€377,449
up €377,449 (+213.7%), from €176,613 to €554,061
- Taxes +€100,930
up €100,930 (+901.8%), from €11,192 to €112,122
- Financial charges +€11,493
up €11,493 (+8.9%), from €128,771 to €140,265
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 | €2,451,794 | €2,577,258 | +€125,464 | +5.1% |
| Fixed assets | 21/28 | €80,859 | €80,859 | = | 0.0% |
| Financial fixed assets | 28 | €80,859 | €80,859 | = | 0.0% |
| Current assets | 29/58 | €2,370,934 | €2,496,398 | +€125,464 | +5.3% |
| Stocks and contracts in progress | 3 | €1,552,468 | €1,997,226 | +€444,757 | +28.6% |
| Stocks | 30/36 | €1,552,468 | €1,997,226 | +€444,757 | +28.6% |
| Amounts receivable within one year | 40/41 | €615,973 | €267,307 | -€348,666 | -56.6% |
| Trade receivables | 40 | €139,212 | €82,306 | -€56,906 | -40.9% |
| Other amounts receivable | 41 | €476,760 | €185,000 | -€291,760 | -61.2% |
| Cash at bank and in hand | 54/58 | €200,978 | €230,330 | +€29,352 | +14.6% |
| Deferred charges and accrued income | 490/1 | €1,515 | €1,536 | +€21 | +1.4% |
| Total equity and liabilities | 10/49 | €2,451,794 | €2,577,258 | +€125,464 | +5.1% |
| Equity | 10/15 | €186,117 | €476,289 | +€290,172 | +155.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Share premium | 1100/10 | €30,000 | - | -€30,000 | |
| Other | 1109/19 | - | €30,000 | +€30,000 | |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Legal reserve | 130 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,117 | €443,289 | +€290,172 | +189.5% |
| Amounts payable | 17/49 | €2,265,676 | €2,100,969 | -€164,708 | -7.3% |
| Amounts payable after more than one year | 17 | €418,125 | €262,125 | -€156,000 | -37.3% |
| Financial debts | 170/4 | €340,000 | €184,000 | -€156,000 | -45.9% |
| Other amounts payable | 178/9 | €78,125 | €78,125 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,847,551 | €1,838,844 | -€8,708 | -0.5% |
| Financial debts | 43 | €1,714,891 | €1,599,000 | -€115,891 | -6.8% |
| Credit institutions | 430/8 | €1,714,891 | €1,599,000 | -€115,891 | -6.8% |
| Trade debts | 44 | €14,554 | €31,812 | +€17,258 | +118.6% |
| Suppliers | 440/4 | €14,554 | €31,812 | +€17,258 | +118.6% |
| Taxes, remuneration and social security | 45 | €11,606 | €112,557 | +€100,951 | +869.8% |
| Taxes | 450/3 | €11,606 | €112,557 | +€100,951 | +869.8% |
| Other amounts payable | 47/48 | €106,500 | €95,475 | -€11,025 | -10.4% |
| Non-recurring operating income | 76A | €15,125 | - | -€15,125 | |
| Other operating charges | 640/8 | €8,072 | €11,533 | +€3,461 | +42.9% |
| Gross operating margin | 9900 | €176,613 | €554,061 | +€377,449 | +213.7% |
| Operating profit (loss) | 9901 | €168,541 | €542,528 | +€373,987 | +221.9% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €128,771 | €140,265 | +€11,493 | +8.9% |
| Recurring financial charges | 65 | €128,771 | €140,265 | +€11,493 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €39,769 | €402,294 | +€362,524 | +911.6% |
| Income taxes | 67/77 | €11,192 | €112,122 | +€100,930 | +901.8% |
| Profit (loss) for the period | 9904 | €28,577 | €290,172 | +€261,594 | +915.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,577 | €290,172 | +€261,594 | +915.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.