SOBELTER ENGINEERING: 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.
SOBELTER ENGINEERING
Largest movements
- Cash -€198,182
down €198,182 (-68.7%), from €288,421 to €90,239
mainly Current investments (-€170,025) and Receivables within one year (-€163,091)
- Current investments +€170,025
up €170,025 (+4.1%), from €4.1m to €4.3m
- Receivables within one year +€163,091
up €163,091 (+166.3%), from €98,099 to €261,189
of which Other amounts receivable: +€255,454
- Profit (loss) carried forward +€82,553
up €82,553 (+14.3%), from €577,794 to €660,346
- Gross operating margin -€65,907
down €65,907 (-20.2%), from €326,331 to €260,424
- Financial income -€65,791
down €65,791 (-25.6%), from €256,880 to €191,088
- Staff costs -€13,492
down €13,492 (-5.4%), from €251,549 to €238,056
- Financial charges +€5,697
up €5,697 (+37.9%), from €15,012 to €20,709
- Taxes +€5,160
up €5,160 (+24.0%), from €21,494 to €26,654
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 | €6,327,848 | €6,443,252 | +€115,403 | +1.8% |
| Fixed assets | 21/28 | €1,735,448 | €1,712,716 | -€22,732 | -1.3% |
| Tangible fixed assets | 22/27 | €136,604 | €113,872 | -€22,732 | -16.6% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €76,645 | €75,748 | -€897 | -1.2% |
| Furniture and vehicles | 24 | €41,643 | €25,041 | -€16,602 | -39.9% |
| Leasing and similar rights | 25 | €18,316 | €13,083 | -€5,233 | -28.6% |
| Financial fixed assets | 28 | €1,598,844 | €1,598,844 | = | 0.0% |
| Current assets | 29/58 | €4,592,400 | €4,730,536 | +€138,135 | +3.0% |
| Stocks and contracts in progress | 3 | €76,482 | €79,684 | +€3,202 | +4.2% |
| Stocks | 30/36 | €76,482 | €79,684 | +€3,202 | +4.2% |
| Amounts receivable within one year | 40/41 | €98,099 | €261,189 | +€163,091 | +166.3% |
| Trade receivables | 40 | €97,971 | €5,608 | -€92,363 | -94.3% |
| Other amounts receivable | 41 | €128 | €255,582 | +€255,454 | +199386.1% |
| Current investments | 50/53 | €4,129,399 | €4,299,424 | +€170,025 | +4.1% |
| Cash at bank and in hand | 54/58 | €288,421 | €90,239 | -€198,182 | -68.7% |
| Total equity and liabilities | 10/49 | €6,327,848 | €6,443,252 | +€115,403 | +1.8% |
| Equity | 10/15 | €6,200,359 | €6,287,256 | +€86,897 | +1.4% |
| Contributions | 10/11 | €3,469,389 | €3,469,389 | = | 0.0% |
| Capital | 10 | €3,469,389 | €3,469,389 | = | 0.0% |
| Issued capital | 100 | €3,469,389 | €3,469,389 | = | 0.0% |
| Reserves | 13 | €2,153,176 | €2,157,521 | +€4,345 | +0.2% |
| Non-distributable reserves | 130/1 | €172,815 | €177,160 | +€4,345 | +2.5% |
| Legal reserve | 130 | €172,815 | €177,160 | +€4,345 | +2.5% |
| Tax-exempt reserves | 132 | €22,353 | €22,353 | = | 0.0% |
| Distributable reserves | 133 | €1,958,008 | €1,958,008 | = | 0.0% |
| Profit (loss) carried forward | 14 | €577,794 | €660,346 | +€82,553 | +14.3% |
| Amounts payable | 17/49 | €127,489 | €155,995 | +€28,506 | +22.4% |
| Amounts payable after more than one year | 17 | €8,846 | €5,072 | -€3,774 | -42.7% |
| Financial debts | 170/4 | €8,846 | €5,072 | -€3,774 | -42.7% |
| Amounts payable within one year | 42/48 | €118,643 | €150,923 | +€32,280 | +27.2% |
| Current portion of amounts payable after more than one year | 42 | €6,603 | €6,603 | = | 0.0% |
| Trade debts | 44 | €69,435 | €92,076 | +€22,641 | +32.6% |
| Suppliers | 440/4 | €69,435 | €92,076 | +€22,641 | +32.6% |
| Taxes, remuneration and social security | 45 | €42,606 | €52,245 | +€9,639 | +22.6% |
| Taxes | 450/3 | €6,594 | €8,261 | +€1,667 | +25.3% |
| Remuneration and social security | 454/9 | €36,011 | €43,984 | +€7,972 | +22.1% |
| Remuneration, social security and pensions | 62 | €251,549 | €238,056 | -€13,492 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,776 | €49,947 | -€1,829 | -3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €5,986 | €6,510 | +€524 | +8.7% |
| Non-recurring operating charges | 66A | - | €22,739 | +€22,739 | |
| Gross operating margin | 9900 | €326,331 | €260,424 | -€65,907 | -20.2% |
| Operating profit (loss) | 9901 | €17,021 | -€56,828 | -€73,849 | |
| Financial income | 75/76B | €256,880 | €191,088 | -€65,791 | -25.6% |
| Recurring financial income | 75 | €256,880 | €191,088 | -€65,791 | -25.6% |
| Financial charges | 65/66B | €15,012 | €20,709 | +€5,697 | +37.9% |
| Recurring financial charges | 65 | €15,012 | €20,709 | +€5,697 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | €258,889 | €113,552 | -€145,337 | -56.1% |
| Income taxes | 67/77 | €21,494 | €26,654 | +€5,160 | +24.0% |
| Profit (loss) for the period | 9904 | €237,394 | €86,897 | -€150,497 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €237,394 | €86,897 | -€150,497 | -63.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.