Sobelvin: 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.
What changed
Sobelvin
NACE 46.341, Wholesale of wines and spirits
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€68,114
2025 · €45,913+€22,201
Equity
€594,833
2025 · €589,219+€5,614
Cash
€282,096
2025 · €278,706+€3,391
Balance sheet total
€2.8m
2025 · €2.7m+€72,093
Largest movements
Assets
- Receivables within one year +€150,709
up €150,709 (+27.2%), from €553,928 to €704,637
of which Other amounts receivable: +€163,713
- Tangible fixed assets -€96,702
down €96,702 (-16.2%), from €597,137 to €500,435
of which Furniture and vehicles: -€69,783
Equity and liabilities
- Trade debts +€123,933
up €123,933 (+12.8%), from €965,666 to €1.1m
- Debts after one year -€99,778
down €99,778 (-12.2%), from €815,022 to €715,244
of which Financial debts: -€62,696
- Tax, wage and social debts +€43,934
up €43,934 (+21.3%), from €206,432 to €250,366
of which Remuneration and social security: +€50,857
Income statement
- Gross operating margin +€110,236
up €110,236 (+7.0%), from €1.6m to €1.7m
- Staff costs +€78,501
up €78,501 (+6.0%), from €1.3m to €1.4m
- Other operating charges +€32,603
up €32,603 (+277.7%), from €11,738 to €44,341
From the 2025 result to the 2026 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 2025
€45,913
Gross operating margin
+€110,236
Staff costs
-€78,501
Depreciation
-€2,529
Write-downs
+€10,418
Other operating charges
-€32,603
Financial income
+€13,338
Financial charges
+€3,518
Taxes
-€1,676
Result 2026
€68,114
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€184,607
Investment
-€16,994
Financing
-€164,222
Cash 2025
€278,706
From operations (derived)
+€184,607
Net result for the year
+€68,114
Depreciation
+€113,696
Stocks and contracts
-€16,247
Receivables within one year
-€150,709
Deferred charges and accrued income
+€1,552
Trade debts
+€123,933
Tax, wage and social debts
+€43,934
Accrued charges and deferred income
+€334
Investment (derived)
-€16,994
Investment in fixed assets (net)
-€16,994
Financing
-€164,222
Debts after one year
-€99,778
Current portion of long-term debt
-€1,944
Contributions, distributions and other
-€62,500
Cash 2026
€282,096
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,709,286 | €2,781,380 | +€72,093 | +2.7% |
| Fixed assets | 21/28 | €597,137 | €500,435 | -€96,702 | -16.2% |
| Tangible fixed assets | 22/27 | €597,137 | €500,435 | -€96,702 | -16.2% |
| Furniture and vehicles | 24 | €235,337 | €165,554 | -€69,783 | -29.7% |
| Other tangible fixed assets | 26 | €361,800 | €334,882 | -€26,918 | -7.4% |
| Current assets | 29/58 | €2,112,150 | €2,280,944 | +€168,795 | +8.0% |
| Stocks and contracts in progress | 3 | €1,271,392 | €1,287,639 | +€16,247 | +1.3% |
| Stocks | 30/36 | €1,271,392 | €1,287,639 | +€16,247 | +1.3% |
| Amounts receivable within one year | 40/41 | €553,928 | €704,637 | +€150,709 | +27.2% |
| Trade receivables | 40 | €553,544 | €540,540 | -€13,004 | -2.3% |
| Other amounts receivable | 41 | €384 | €164,097 | +€163,713 | +42625.9% |
| Cash at bank and in hand | 54/58 | €278,706 | €282,096 | +€3,391 | +1.2% |
| Deferred charges and accrued income | 490/1 | €8,124 | €6,572 | -€1,552 | -19.1% |
| Total equity and liabilities | 10/49 | €2,709,286 | €2,781,380 | +€72,093 | +2.7% |
| Equity | 10/15 | €589,219 | €594,833 | +€5,614 | +1.0% |
| Contributions | 10/11 | €136,500 | €136,500 | = | 0.0% |
| Capital | 10 | €136,500 | €136,500 | = | 0.0% |
| Issued capital | 100 | €136,500 | €136,500 | = | 0.0% |
| Reserves | 13 | €452,719 | €458,333 | +€5,614 | +1.2% |
| Non-distributable reserves | 130/1 | €13,650 | €13,650 | = | 0.0% |
| Legal reserve | 130 | €13,650 | €13,650 | = | 0.0% |
| Distributable reserves | 133 | €439,069 | €444,683 | +€5,614 | +1.3% |
| Amounts payable | 17/49 | €2,120,067 | €2,186,546 | +€66,479 | +3.1% |
| Amounts payable after more than one year | 17 | €815,022 | €715,244 | -€99,778 | -12.2% |
| Financial debts | 170/4 | €162,246 | €99,550 | -€62,696 | -38.6% |
| Other amounts payable | 178/9 | €652,777 | €615,694 | -€37,083 | -5.7% |
| Amounts payable within one year | 42/48 | €1,304,808 | €1,470,732 | +€165,923 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €132,710 | €130,767 | -€1,944 | -1.5% |
| Trade debts | 44 | €965,666 | €1,089,599 | +€123,933 | +12.8% |
| Suppliers | 440/4 | €965,666 | €1,089,599 | +€123,933 | +12.8% |
| Taxes, remuneration and social security | 45 | €206,432 | €250,366 | +€43,934 | +21.3% |
| Taxes | 450/3 | €58,877 | €51,955 | -€6,923 | -11.8% |
| Remuneration and social security | 454/9 | €147,554 | €198,411 | +€50,857 | +34.5% |
| Accrued charges and deferred income | 492/3 | €236 | €571 | +€334 | +141.4% |
| Remuneration, social security and pensions | 62 | €1,319,009 | €1,397,510 | +€78,501 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,166 | €113,696 | +€2,529 | +2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,428 | €1,009 | -€10,418 | -91.2% |
| Other operating charges | 640/8 | €11,738 | €44,341 | +€32,603 | +277.7% |
| Gross operating margin | 9900 | €1,564,777 | €1,675,013 | +€110,236 | +7.0% |
| Operating profit (loss) | 9901 | €111,436 | €118,457 | +€7,022 | +6.3% |
| Financial income | 75/76B | €6,714 | €20,052 | +€13,338 | +198.6% |
| Recurring financial income | 75 | €5,246 | €2,789 | -€2,457 | -46.8% |
| Non-recurring financial income | 76B | €1,469 | €17,263 | +€15,794 | +1075.5% |
| Financial charges | 65/66B | €58,162 | €54,643 | -€3,518 | -6.0% |
| Recurring financial charges | 65 | €53,646 | €52,919 | -€727 | -1.4% |
| Non-recurring financial charges | 66B | €4,516 | €1,725 | -€2,791 | -61.8% |
| Profit (loss) for the period before taxes | 9903 | €59,989 | €83,866 | +€23,877 | +39.8% |
| Income taxes | 67/77 | €14,076 | €15,752 | +€1,676 | +11.9% |
| Profit (loss) for the period | 9904 | €45,913 | €68,114 | +€22,201 | +48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,913 | €68,114 | +€22,201 | +48.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.