SOBELVIN DIFFUSION: 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.
SOBELVIN DIFFUSION
Largest movements
- Receivables within one year -€83,829
down €83,829 (-6.5%), from €1.3m to €1.2m
of which Trade receivables: -€81,331
- Tangible fixed assets -€66,886
down €66,886 (-6.8%), from €980,974 to €914,088
of which Land and buildings: -€65,317
- Other debts +€680,000
new in 2025: €680,000
- Profit (loss) carried forward -€342,835
no longer reported in 2025 (was €342,835)
- Reserves -€252,646
down €252,646 (-42.5%), from €594,473 to €341,827
of which Distributable reserves: -€252,646
- Debts after one year -€142,011
down €142,011 (-13.4%), from €1.1m to €916,897
of which Financial debts: -€71,363
- Tax, wage and social debts -€40,192
down €40,192 (-70.7%), from €56,858 to €16,665
of which Taxes: -€40,465
- Financial income -€243,677
down €243,677 (-98.6%), from €247,191 to €3,513
of which Non-recurring financial income: -€243,677
- Gross operating margin -€78,552
down €78,552 (-25.4%), from €308,875 to €230,323
- Taxes -€32,288
down €32,288 (-99.3%), from €32,516 to €228
- Staff costs -€26,362
down €26,362 (-31.0%), from €85,042 to €58,680
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,302,424 | €2,158,404 | -€144,020 | -6.3% |
| Fixed assets | 21/28 | €981,999 | €915,113 | -€66,886 | -6.8% |
| Tangible fixed assets | 22/27 | €980,974 | €914,088 | -€66,886 | -6.8% |
| Land and buildings | 22 | €978,934 | €913,617 | -€65,317 | -6.7% |
| Plant, machinery and equipment | 23 | €2,040 | €471 | -€1,569 | -76.9% |
| Financial fixed assets | 28 | €1,025 | €1,025 | = | 0.0% |
| Current assets | 29/58 | €1,320,425 | €1,243,291 | -€77,134 | -5.8% |
| Stocks and contracts in progress | 3 | €24,812 | €24,975 | +€163 | +0.7% |
| Stocks | 30/36 | €24,812 | €24,975 | +€163 | +0.7% |
| Amounts receivable within one year | 40/41 | €1,291,028 | €1,207,199 | -€83,829 | -6.5% |
| Trade receivables | 40 | €692,844 | €611,513 | -€81,331 | -11.7% |
| Other amounts receivable | 41 | €598,185 | €595,686 | -€2,499 | -0.4% |
| Current investments | 50/53 | €4,585 | €10,771 | +€6,186 | +135% |
| Deferred charges and accrued income | 490/1 | - | €346 | +€346 | |
| Total equity and liabilities | 10/49 | €2,302,424 | €2,158,404 | -€144,020 | -6.3% |
| Equity | 10/15 | €1,043,904 | €444,909 | -€598,994 | -57.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €594,473 | €341,827 | -€252,646 | -42.5% |
| Non-distributable reserves | 130/1 | €11,194 | €11,194 | = | 0.0% |
| Legal reserve | 130 | €11,194 | €11,194 | = | 0.0% |
| Distributable reserves | 133 | €583,279 | €330,633 | -€252,646 | -43.3% |
| Profit (loss) carried forward | 14 | €342,835 | - | -€342,835 | |
| Investment grants | 15 | €44,596 | €41,083 | -€3,513 | -7.9% |
| Provisions and deferred taxes | 16 | €1,532 | €895 | -€637 | -41.6% |
| Deferred taxes | 168 | €1,532 | €895 | -€637 | -41.6% |
| Amounts payable | 17/49 | €1,256,988 | €1,712,600 | +€455,612 | +36.2% |
| Amounts payable after more than one year | 17 | €1,058,907 | €916,897 | -€142,011 | -13.4% |
| Financial debts | 170/4 | €814,406 | €743,042 | -€71,363 | -8.8% |
| Other amounts payable | 178/9 | €244,501 | €173,854 | -€70,647 | -28.9% |
| Amounts payable within one year | 42/48 | €198,081 | €795,703 | +€597,622 | +302% |
| Current portion of amounts payable after more than one year | 42 | €102,699 | €71,363 | -€31,336 | -30.5% |
| Trade debts | 44 | €38,524 | €27,674 | -€10,850 | -28.2% |
| Suppliers | 440/4 | €38,524 | €27,674 | -€10,850 | -28.2% |
| Taxes, remuneration and social security | 45 | €56,858 | €16,665 | -€40,192 | -70.7% |
| Taxes | 450/3 | €51,363 | €10,898 | -€40,465 | -78.8% |
| Remuneration and social security | 454/9 | €5,495 | €5,768 | +€273 | +5.0% |
| Other amounts payable | 47/48 | - | €680,000 | +€680,000 | |
| Remuneration, social security and pensions | 62 | €85,042 | €58,680 | -€26,362 | -31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,271 | €66,886 | -€385 | -0.6% |
| Other operating charges | 640/8 | €3,564 | €1,398 | -€2,165 | -60.8% |
| Non-recurring operating charges | 66A | €64 | €17 | -€46 | -72.6% |
| Gross operating margin | 9900 | €308,875 | €230,323 | -€78,552 | -25.4% |
| Operating profit (loss) | 9901 | €152,935 | €103,341 | -€49,594 | -32.4% |
| Financial income | 75/76B | €247,191 | €3,513 | -€243,677 | -98.6% |
| Recurring financial income | 75 | €3,513 | €3,513 | = | 0.0% |
| Non-recurring financial income | 76B | €243,677 | - | -€243,677 | |
| Financial charges | 65/66B | €25,412 | €22,745 | -€2,667 | -10.5% |
| Recurring financial charges | 65 | €25,412 | €22,745 | -€2,667 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €374,713 | €84,110 | -€290,604 | -77.6% |
| Transfer from deferred taxes | 780 | €637 | €637 | -€0 | 0.0% |
| Income taxes | 67/77 | €32,516 | €228 | -€32,288 | -99.3% |
| Profit (loss) for the period | 9904 | €342,835 | €84,519 | -€258,316 | -75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €342,835 | €84,519 | -€258,316 | -75.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.