SOBELTEC: 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.
What changed
SOBELTEC
NACE 20.110, Manufacture of chemicals and chemical products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.0m
2024 · -€834,365-€168,044
Equity
-€3.1m
2024 · -€2.1m-€1.0m
Cash
€43,289
2024 · €60,536-€17,246
Balance sheet total
€1.1m
2024 · €1.2m-€156,679
Largest movements
Assets
- Intangible fixed assets -€132,957
down €132,957 (-21.8%), from €610,558 to €477,601
- Receivables within one year -€43,119
down €43,119 (-34.9%), from €123,621 to €80,502
of which Other amounts receivable: -€41,262
- Stocks and contracts +€26,518
up €26,518 (+7.6%), from €350,590 to €377,109
- Cash -€17,246
down €17,246 (-28.5%), from €60,536 to €43,289
mainly Net result for the year (-€1.0m) and Trade debts (-€254,141)
Equity and liabilities
- Other debts +€1.4m
up €1.4m (+64.2%), from €2.2m to €3.5m
- Profit (loss) carried forward -€1.0m
down €1.0m (-40.6%), from -€2.5m to -€3.5m
- Trade debts -€254,141
down €254,141 (-51.7%), from €491,258 to €237,117
- Provisions -€139,121
down €139,121 (-100.0%), from €139,121 to €0
- Accrued charges and deferred income -€127,337
down €127,337 (-64.5%), from €197,337 to €70,000
Income statement
- Write-downs +€162,703
up €162,703, from -€133,278 to €29,424
- Staff costs +€157,611
up €157,611 (+53.1%), from €296,750 to €454,361
- Gross operating margin +€136,708
up €136,708 (+41.3%), from -€331,165 to -€194,457
- Provisions -€86,434
down €86,434 (-164.1%), from -€52,686 to -€139,121
- Financial charges +€35,850
up €35,850 (+20.8%), from €172,488 to €208,338
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.
Result 2024
-€834,365
Gross operating margin
+€136,708
Staff costs
-€157,611
Depreciation
-€30,649
Write-downs
-€162,703
Provisions
+€86,434
Other operating charges
-€4,785
Financial income
+€174
Financial charges
-€35,850
Taxes
+€237
Result 2025
-€1.0m
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.
From operations
+€189,704
Investment
-€125,350
Financing
-€81,601
Cash 2024
€60,536
From operations (derived)
+€189,704
Net result for the year
-€1.0m
Depreciation
+€248,285
Stocks and contracts
-€26,518
Receivables within one year
+€43,119
Deferred charges and accrued income
-€104
Provisions
-€139,121
Trade debts
-€254,141
Tax, wage and social debts
+€62,930
Other debts
+€1.4m
Accrued charges and deferred income
-€127,337
Investment (derived)
-€125,350
Investment in fixed assets (net)
-€125,350
Financing
-€81,601
Debts after one year
-€16,677
Current portion of long-term debt
+€205
Short-term financial debts
-€65,129
Cash 2025
€43,289
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,236,961 | €1,080,282 | -€156,679 | -12.7% |
| Fixed assets | 21/28 | €687,966 | €565,031 | -€122,935 | -17.9% |
| Intangible fixed assets | 21 | €610,558 | €477,601 | -€132,957 | -21.8% |
| Tangible fixed assets | 22/27 | €76,875 | €86,897 | +€10,022 | +13.0% |
| Plant, machinery and equipment | 23 | €47,174 | €58,648 | +€11,474 | +24.3% |
| Furniture and vehicles | 24 | €12,027 | €12,627 | +€600 | +5.0% |
| Leasing and similar rights | 25 | €11,250 | €6,743 | -€4,507 | -40.1% |
| Other tangible fixed assets | 26 | €6,424 | €8,879 | +€2,455 | +38.2% |
| Financial fixed assets | 28 | €533 | €533 | = | 0.0% |
| Current assets | 29/58 | €548,995 | €515,251 | -€33,744 | -6.1% |
| Stocks and contracts in progress | 3 | €350,590 | €377,109 | +€26,518 | +7.6% |
| Stocks | 30/36 | €350,590 | €377,109 | +€26,518 | +7.6% |
| Amounts receivable within one year | 40/41 | €123,621 | €80,502 | -€43,119 | -34.9% |
| Trade receivables | 40 | €60,442 | €58,584 | -€1,857 | -3.1% |
| Other amounts receivable | 41 | €63,179 | €21,918 | -€41,262 | -65.3% |
| Cash at bank and in hand | 54/58 | €60,536 | €43,289 | -€17,246 | -28.5% |
| Deferred charges and accrued income | 490/1 | €14,248 | €14,352 | +€104 | +0.7% |
| Total equity and liabilities | 10/49 | €1,236,961 | €1,080,282 | -€156,679 | -12.7% |
| Equity | 10/15 | -€2,098,581 | -€3,100,990 | -€1.0m | -47.8% |
| Contributions | 10/11 | €349,284 | €349,284 | = | 0.0% |
| Capital | 10 | €213,567 | €213,567 | = | 0.0% |
| Issued capital | 100 | €213,567 | €213,567 | = | 0.0% |
| Contributions outside capital | 11 | €135,718 | €135,718 | = | 0.0% |
| Share premium | 1100/10 | €135,718 | €135,718 | = | 0.0% |
| Reserves | 13 | €23,244 | €23,244 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,900 | €14,900 | = | 0.0% |
| Legal reserve | 130 | €14,900 | €14,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,344 | €8,344 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,471,110 | -€3,473,519 | -€1.0m | -40.6% |
| Provisions and deferred taxes | 16 | €139,121 | €0 | -€139,121 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €139,121 | €0 | -€139,121 | -100.0% |
| Environmental obligations | 163 | €114,121 | €0 | -€114,121 | -100.0% |
| Other liabilities and charges | 164/5 | €25,000 | €0 | -€25,000 | -100.0% |
| Amounts payable | 17/49 | €3,196,422 | €4,181,273 | +€984,851 | +30.8% |
| Amounts payable after more than one year | 17 | €39,498 | €22,821 | -€16,677 | -42.2% |
| Financial debts | 170/4 | €39,498 | €22,821 | -€16,677 | -42.2% |
| Amounts payable within one year | 42/48 | €2,959,587 | €4,088,452 | +€1.1m | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €16,472 | €16,677 | +€205 | +1.2% |
| Financial debts | 43 | €265,129 | €200,000 | -€65,129 | -24.6% |
| Credit institutions | 430/8 | €265,129 | €200,000 | -€65,129 | -24.6% |
| Trade debts | 44 | €491,258 | €237,117 | -€254,141 | -51.7% |
| Suppliers | 440/4 | €491,258 | €237,117 | -€254,141 | -51.7% |
| Taxes, remuneration and social security | 45 | €29,493 | €92,423 | +€62,930 | +213.4% |
| Taxes | 450/3 | €206 | €6,270 | +€6,064 | +2936.5% |
| Remuneration and social security | 454/9 | €29,287 | €86,153 | +€56,866 | +194.2% |
| Other amounts payable | 47/48 | €2,157,235 | €3,542,235 | +€1.4m | +64.2% |
| Accrued charges and deferred income | 492/3 | €197,337 | €70,000 | -€127,337 | -64.5% |
| Remuneration, social security and pensions | 62 | €296,750 | €454,361 | +€157,611 | +53.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217,637 | €248,285 | +€30,649 | +14.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€133,278 | €29,424 | +€162,703 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€52,686 | -€139,121 | -€86,434 | -164.1% |
| Other operating charges | 640/8 | €2,053 | €6,838 | +€4,785 | +233.1% |
| Gross operating margin | 9900 | -€331,165 | -€194,457 | +€136,708 | +41.3% |
| Operating profit (loss) | 9901 | -€661,640 | -€794,245 | -€132,605 | -20.0% |
| Financial income | 75/76B | €0 | €174 | +€174 | +579800.0% |
| Recurring financial income | 75 | €0 | €174 | +€174 | +579800.0% |
| Financial charges | 65/66B | €172,488 | €208,338 | +€35,850 | +20.8% |
| Recurring financial charges | 65 | €172,488 | €208,338 | +€35,850 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | -€834,128 | -€1,002,409 | -€168,281 | -20.2% |
| Income taxes | 67/77 | €237 | €0 | -€237 | -100.0% |
| Profit (loss) for the period | 9904 | -€834,365 | -€1,002,409 | -€168,044 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€834,365 | -€1,002,409 | -€168,044 | -20.1% |
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 12 October 2026 via checked.be.