SOBELTAX - DISTRIBUTION: what changed
What changed
SOBELTAX - DISTRIBUTION
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€72,064
2024 · €323,141-€251,077
Equity
€2.6m
2024 · €2.6m+€72,064
Cash
€668,020
2024 · €848,761-€180,741
Balance sheet total
€3.7m
2024 · €4.0m-€341,309
Largest movements
Assets
- Receivables within one year -€238,338
down €238,338 (-14.8%), from €1.6m to €1.4m
of which Trade receivables: -€217,509
- Cash -€180,741
down €180,741 (-21.3%), from €848,761 to €668,020
mainly Short-term financial debts (-€300,995) and Investment in fixed assets (net) (-€93,250)
- Tangible fixed assets +€77,767
new in 2025: €77,767
of which Assets under construction and advance payments: +€52,000
Equity and liabilities
- Short-term financial debts -€300,995
down €300,995 (-81.1%), from €371,092 to €70,097
- Profit (loss) carried forward +€72,064
up €72,064 (+3.0%), from €2.4m to €2.5m
- Trade debts -€65,085
down €65,085 (-8.1%), from €806,641 to €741,556
- Tax, wage and social debts -€49,447
down €49,447 (-63.8%), from €77,526 to €28,079
of which Taxes: -€33,965
Income statement
- Gross operating margin -€349,473
down €349,473 (-48.5%), from €721,069 to €371,597
- Taxes -€83,652
down €83,652 (-72.0%), from €116,138 to €32,486
- Depreciation +€15,483
new in 2025: €15,483
- Financial charges -€8,366
down €8,366 (-32.8%), from €25,530 to €17,164
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€323,141
Gross operating margin
-€349,473
Staff costs
+€4,071
Depreciation
-€15,483
Write-downs
+€642
Other operating charges
+€385
Other operating items
+€16,762
Financial income
+€0
Financial charges
+€8,366
Taxes
+€83,652
Result 2025
€72,064
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€213,505
Investment
-€93,250
Financing
-€300,995
Cash 2024
€848,761
From operations (derived)
+€213,505
Net result for the year
+€72,064
Depreciation
+€15,483
Receivables within one year
+€238,338
Deferred charges and accrued income
-€2
Trade debts
-€65,085
Tax, wage and social debts
-€49,447
Other debts
+€28,882
Accrued charges and deferred income
-€26,728
Investment (derived)
-€93,250
Investment in fixed assets (net)
-€93,250
Financing
-€300,995
Short-term financial debts
-€300,995
Cash 2025
€668,020
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,018,751 | €3,677,442 | -€341,309 | -8.5% |
| Fixed assets | 21/28 | €1,520,601 | €1,598,368 | +€77,767 | +5.1% |
| Tangible fixed assets | 22/27 | - | €77,767 | +€77,767 | |
| Plant, machinery and equipment | 23 | - | €25,767 | +€25,767 | |
| Assets under construction and advance payments | 27 | - | €52,000 | +€52,000 | |
| Financial fixed assets | 28 | €1,520,601 | €1,520,601 | = | 0.0% |
| Current assets | 29/58 | €2,498,151 | €2,079,074 | -€419,077 | -16.8% |
| Amounts receivable after more than one year | 29 | €38,869 | €38,869 | = | 0.0% |
| Trade receivables | 290 | €38,869 | €38,869 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,609,509 | €1,371,172 | -€238,338 | -14.8% |
| Trade receivables | 40 | €943,026 | €725,517 | -€217,509 | -23.1% |
| Other amounts receivable | 41 | €666,483 | €645,654 | -€20,829 | -3.1% |
| Cash at bank and in hand | 54/58 | €848,761 | €668,020 | -€180,741 | -21.3% |
| Deferred charges and accrued income | 490/1 | €1,012 | €1,014 | +€2 | +0.1% |
| Total equity and liabilities | 10/49 | €4,018,751 | €3,677,442 | -€341,309 | -8.5% |
| Equity | 10/15 | €2,576,045 | €2,648,109 | +€72,064 | +2.8% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €31,145 | €31,145 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,420,954 | €2,493,017 | +€72,064 | +3.0% |
| Amounts payable | 17/49 | €1,442,706 | €1,029,333 | -€413,373 | -28.7% |
| Amounts payable within one year | 42/48 | €1,408,705 | €1,022,060 | -€386,645 | -27.4% |
| Financial debts | 43 | €371,092 | €70,097 | -€300,995 | -81.1% |
| Credit institutions | 430/8 | €371,092 | €70,097 | -€300,995 | -81.1% |
| Trade debts | 44 | €806,641 | €741,556 | -€65,085 | -8.1% |
| Suppliers | 440/4 | €806,641 | €741,556 | -€65,085 | -8.1% |
| Taxes, remuneration and social security | 45 | €77,526 | €28,079 | -€49,447 | -63.8% |
| Taxes | 450/3 | €46,271 | €12,305 | -€33,965 | -73.4% |
| Remuneration and social security | 454/9 | €31,255 | €15,774 | -€15,481 | -49.5% |
| Other amounts payable | 47/48 | €153,446 | €182,328 | +€28,882 | +18.8% |
| Accrued charges and deferred income | 492/3 | €34,001 | €7,273 | -€26,728 | -78.6% |
| Non-recurring operating income | 76A | €3,593 | €12,075 | +€8,482 | +236% |
| Remuneration, social security and pensions | 62 | €215,532 | €211,461 | -€4,071 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €15,483 | +€15,483 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €642 | - | -€642 | |
| Other operating charges | 640/8 | €18,338 | €17,953 | -€385 | -2.1% |
| Non-recurring operating charges | 66A | €21,762 | €5,000 | -€16,762 | -77.0% |
| Gross operating margin | 9900 | €721,069 | €371,597 | -€349,473 | -48.5% |
| Operating profit (loss) | 9901 | €464,795 | €121,700 | -€343,095 | -73.8% |
| Financial income | 75/76B | €13 | €14 | +€0 | +2.5% |
| Recurring financial income | 75 | €13 | €14 | +€0 | +2.5% |
| Financial charges | 65/66B | €25,530 | €17,164 | -€8,366 | -32.8% |
| Recurring financial charges | 65 | €25,530 | €17,164 | -€8,366 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €439,278 | €104,549 | -€334,729 | -76.2% |
| Income taxes | 67/77 | €116,138 | €32,486 | -€83,652 | -72.0% |
| Profit (loss) for the period | 9904 | €323,141 | €72,064 | -€251,077 | -77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €323,141 | €72,064 | -€251,077 | -77.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.