Sobeltis: 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.
Sobeltis
Largest movements
- Cash -€176,356
down €176,356 (-68.3%), from €258,045 to €81,689
mainly Debts after one year (-€120,130) and Trade debts (-€76,850)
- Stocks and contracts +€4,081
up €4,081 (+20.0%), from €20,431 to €24,512
- Tangible fixed assets -€3,922
down €3,922 (-12.2%), from €32,264 to €28,342
- Debts after one year -€120,130
down €120,130 (-44.0%), from €273,044 to €152,914
- Trade debts -€76,850
down €76,850 (-100%), from €76,850 to €0
- Profit (loss) carried forward +€20,641
up €20,641 (+8.8%), from -€233,844 to -€213,203
- Gross operating margin -€32,173
down €32,173 (-31.0%), from €103,724 to €71,552
- Staff costs -€15,627
down €15,627 (-28.1%), from €55,680 to €40,053
- Depreciation +€1,369
up €1,369 (+53.6%), from €2,553 to €3,922
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 | €333,296 | €160,048 | -€173,248 | -52.0% |
| Fixed assets | 21/28 | €33,864 | €29,942 | -€3,922 | -11.6% |
| Tangible fixed assets | 22/27 | €32,264 | €28,342 | -€3,922 | -12.2% |
| Other tangible fixed assets | 26 | €32,264 | €28,342 | -€3,922 | -12.2% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €299,432 | €130,106 | -€169,326 | -56.5% |
| Stocks and contracts in progress | 3 | €20,431 | €24,512 | +€4,081 | +20.0% |
| Stocks | 30/36 | €20,431 | €24,512 | +€4,081 | +20.0% |
| Amounts receivable within one year | 40/41 | €20,955 | €23,904 | +€2,949 | +14.1% |
| Trade receivables | 40 | €16,165 | €11,350 | -€4,816 | -29.8% |
| Other amounts receivable | 41 | €4,790 | €12,555 | +€7,765 | +162% |
| Cash at bank and in hand | 54/58 | €258,045 | €81,689 | -€176,356 | -68.3% |
| Total equity and liabilities | 10/49 | €333,296 | €160,048 | -€173,248 | -52.0% |
| Equity | 10/15 | -€33,050 | -€12,409 | +€20,641 | +62.5% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €176,004 | €176,004 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | - | -€2,479 | |
| Other | 1319 | - | €2,479 | +€2,479 | |
| Distributable reserves | 133 | €173,525 | €173,525 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€233,844 | -€213,203 | +€20,641 | +8.8% |
| Amounts payable | 17/49 | €366,347 | €172,458 | -€193,889 | -52.9% |
| Amounts payable after more than one year | 17 | €273,044 | €152,914 | -€120,130 | -44.0% |
| Financial debts | 170/4 | €273,044 | €152,914 | -€120,130 | -44.0% |
| Amounts payable within one year | 42/48 | €93,303 | €19,544 | -€73,759 | -79.1% |
| Trade debts | 44 | €76,850 | €0 | -€76,850 | -100% |
| Suppliers | 440/4 | €76,850 | €0 | -€76,850 | -100% |
| Taxes, remuneration and social security | 45 | €15,980 | €16,085 | +€105 | +0.7% |
| Taxes | 450/3 | €6,833 | €10,702 | +€3,869 | +56.6% |
| Remuneration and social security | 454/9 | €9,146 | €5,383 | -€3,763 | -41.1% |
| Other amounts payable | 47/48 | €474 | €3,459 | +€2,986 | +630% |
| Remuneration, social security and pensions | 62 | €55,680 | €40,053 | -€15,627 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,553 | €3,922 | +€1,369 | +53.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €5,056 | €5,398 | +€342 | +6.8% |
| Gross operating margin | 9900 | €103,724 | €71,552 | -€32,173 | -31.0% |
| Operating profit (loss) | 9901 | €40,436 | €22,179 | -€18,257 | -45.1% |
| Financial income | 75/76B | - | €21 | +€21 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Financial charges | 65/66B | €1,051 | €1,560 | +€509 | +48.4% |
| Recurring financial charges | 65 | €1,051 | €1,560 | +€509 | +48.4% |
| Profit (loss) for the period before taxes | 9903 | €39,385 | €20,641 | -€18,744 | -47.6% |
| Profit (loss) for the period | 9904 | €39,385 | €20,641 | -€18,744 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,385 | €20,641 | -€18,744 | -47.6% |
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 14 October 2026 via checked.be.