SOBELLE: 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.
SOBELLE
Largest movements
- Receivables within one year -€18,337
down €18,337 (-23.1%), from €79,415 to €61,078
of which Other amounts receivable: -€13,256
- Tangible fixed assets -€8,330
down €8,330 (-6.1%), from €137,477 to €129,147
of which Land and buildings: -€10,415
- Trade debts -€18,543
down €18,543 (-96.1%), from €19,304 to €761
- Profit (loss) carried forward -€4,213
down €4,213 (-4.5%), from €93,107 to €88,894
- Gross operating margin +€92,477
up €92,477, from -€42,889 to €49,588
- Staff costs +€2,566
up €2,566 (+9.0%), from €28,449 to €31,015
- Other operating charges -€2,347
down €2,347 (-32.1%), from €7,316 to €4,969
- Depreciation +€1,637
up €1,637 (+11.6%), from €14,076 to €15,713
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 | €403,581 | €378,167 | -€25,414 | -6.3% |
| Fixed assets | 21/28 | €137,527 | €129,197 | -€8,330 | -6.1% |
| Tangible fixed assets | 22/27 | €137,477 | €129,147 | -€8,330 | -6.1% |
| Land and buildings | 22 | €130,241 | €119,826 | -€10,415 | -8.0% |
| Plant, machinery and equipment | 23 | €6,364 | €4,543 | -€1,821 | -28.6% |
| Furniture and vehicles | 24 | €873 | €4,779 | +€3,906 | +448% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €266,054 | €248,970 | -€17,084 | -6.4% |
| Amounts receivable within one year | 40/41 | €79,415 | €61,078 | -€18,337 | -23.1% |
| Trade receivables | 40 | €61,547 | €56,467 | -€5,080 | -8.3% |
| Other amounts receivable | 41 | €17,868 | €4,611 | -€13,256 | -74.2% |
| Cash at bank and in hand | 54/58 | €183,127 | €184,418 | +€1,291 | +0.7% |
| Deferred charges and accrued income | 490/1 | €3,512 | €3,474 | -€38 | -1.1% |
| Total equity and liabilities | 10/49 | €403,581 | €378,167 | -€25,414 | -6.3% |
| Equity | 10/15 | €369,177 | €364,964 | -€4,213 | -1.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €214,070 | €214,070 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €207,870 | €207,870 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,107 | €88,894 | -€4,213 | -4.5% |
| Amounts payable | 17/49 | €34,404 | €13,203 | -€21,201 | -61.6% |
| Amounts payable within one year | 42/48 | €33,474 | €11,345 | -€22,129 | -66.1% |
| Trade debts | 44 | €19,304 | €761 | -€18,543 | -96.1% |
| Suppliers | 440/4 | €19,304 | €761 | -€18,543 | -96.1% |
| Taxes, remuneration and social security | 45 | €8,738 | €5,165 | -€3,573 | -40.9% |
| Taxes | 450/3 | €4,739 | €150 | -€4,590 | -96.8% |
| Remuneration and social security | 454/9 | €3,999 | €5,016 | +€1,017 | +25.4% |
| Other amounts payable | 47/48 | €5,431 | €5,418 | -€13 | -0.2% |
| Accrued charges and deferred income | 492/3 | €930 | €1,858 | +€928 | +99.8% |
| Non-recurring operating income | 76A | - | €2,412 | +€2,412 | |
| Remuneration, social security and pensions | 62 | €28,449 | €31,015 | +€2,566 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,076 | €15,713 | +€1,637 | +11.6% |
| Other operating charges | 640/8 | €7,316 | €4,969 | -€2,347 | -32.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€42,889 | €49,588 | +€92,477 | |
| Operating profit (loss) | 9901 | -€92,729 | -€2,108 | +€90,621 | +97.7% |
| Financial income | 75/76B | €90 | €27 | -€62 | -69.4% |
| Recurring financial income | 75 | €0 | €27 | +€27 | +137,150% |
| Non-recurring financial income | 76B | €90 | €0 | -€90 | -100% |
| Financial charges | 65/66B | €2,274 | €2,057 | -€217 | -9.5% |
| Recurring financial charges | 65 | €2,274 | €2,057 | -€217 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€94,914 | -€4,138 | +€90,776 | +95.6% |
| Income taxes | 67/77 | €75 | €75 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€94,989 | -€4,213 | +€90,776 | +95.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€94,989 | -€4,213 | +€90,776 | +95.6% |
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 25 October 2026 via checked.be.