Sobetra: 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.
Sobetra
Largest movements
- Tangible fixed assets +€21,049
up €21,049 (+4.2%), from €503,133 to €524,182
of which Furniture and vehicles: +€35,413
- Stocks and contracts -€13,688
down €13,688 (-13.3%), from €102,696 to €89,008
- Short-term financial debts +€62,763
new in 2025: €62,763
- Trade debts -€53,873
down €53,873 (-35.1%), from €153,686 to €99,813
- Reserves -€29,968
down €29,968 (-54.5%), from €54,968 to €25,000
- Debts after one year -€24,688
down €24,688 (-5.5%), from €448,541 to €423,853
- Other debts +€22,307
up €22,307 (+872%), from €2,559 to €24,866
- Staff costs +€26,674
up €26,674 (+180%), from €14,815 to €41,488
- Taxes +€14,868
up €14,868 (+2,097%), from €709 to €15,577
- Gross operating margin -€6,566
down €6,566 (-4.4%), from €149,025 to €142,459
- Financial charges -€3,078
down €3,078 (-13.8%), from €22,226 to €19,148
- Depreciation +€1,774
up €1,774 (+8.5%), from €20,780 to €22,554
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 | €724,009 | €733,642 | +€9,633 | +1.3% |
| Fixed assets | 21/28 | €531,563 | €548,797 | +€17,234 | +3.2% |
| Intangible fixed assets | 21 | €28,430 | €24,615 | -€3,815 | -13.4% |
| Tangible fixed assets | 22/27 | €503,133 | €524,182 | +€21,049 | +4.2% |
| Land and buildings | 22 | €501,323 | €486,959 | -€14,364 | -2.9% |
| Furniture and vehicles | 24 | €1,810 | €37,223 | +€35,413 | +1,956% |
| Current assets | 29/58 | €192,446 | €184,845 | -€7,601 | -3.9% |
| Stocks and contracts in progress | 3 | €102,696 | €89,008 | -€13,688 | -13.3% |
| Stocks | 30/36 | €102,696 | €89,008 | -€13,688 | -13.3% |
| Amounts receivable within one year | 40/41 | €80,791 | €87,051 | +€6,260 | +7.7% |
| Trade receivables | 40 | €77,860 | €83,780 | +€5,921 | +7.6% |
| Other amounts receivable | 41 | €2,931 | €3,270 | +€339 | +11.6% |
| Cash at bank and in hand | 54/58 | €5,470 | €3,490 | -€1,980 | -36.2% |
| Deferred charges and accrued income | 490/1 | €3,490 | €5,296 | +€1,806 | +51.8% |
| Total equity and liabilities | 10/49 | €724,009 | €733,642 | +€9,633 | +1.3% |
| Equity | 10/15 | €52,936 | €39,318 | -€13,619 | -25.7% |
| Contributions | 10/11 | €10,535 | €10,535 | = | 0.0% |
| Reserves | 13 | €54,968 | €25,000 | -€29,968 | -54.5% |
| Distributable reserves | 133 | €54,968 | €25,000 | -€29,968 | -54.5% |
| Profit (loss) carried forward | 14 | -€12,567 | €3,782 | +€16,349 | |
| Amounts payable | 17/49 | €671,073 | €694,324 | +€23,251 | +3.5% |
| Amounts payable after more than one year | 17 | €448,541 | €423,853 | -€24,688 | -5.5% |
| Financial debts | 170/4 | €448,541 | €423,853 | -€24,688 | -5.5% |
| Amounts payable within one year | 42/48 | €222,532 | €270,471 | +€47,939 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €62,490 | €62,938 | +€448 | +0.7% |
| Financial debts | 43 | - | €62,763 | +€62,763 | |
| Credit institutions | 430/8 | - | €62,763 | +€62,763 | |
| Trade debts | 44 | €153,686 | €99,813 | -€53,873 | -35.1% |
| Suppliers | 440/4 | €153,686 | €99,813 | -€53,873 | -35.1% |
| Taxes, remuneration and social security | 45 | €3,797 | €20,092 | +€16,294 | +429% |
| Taxes | 450/3 | €1,439 | €16,934 | +€15,496 | +1,077% |
| Remuneration and social security | 454/9 | €2,358 | €3,157 | +€799 | +33.9% |
| Other amounts payable | 47/48 | €2,559 | €24,866 | +€22,307 | +872% |
| Remuneration, social security and pensions | 62 | €14,815 | €41,488 | +€26,674 | +180% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,780 | €22,554 | +€1,774 | +8.5% |
| Other operating charges | 640/8 | €3,173 | €3,213 | +€40 | +1.3% |
| Gross operating margin | 9900 | €149,025 | €142,459 | -€6,566 | -4.4% |
| Operating profit (loss) | 9901 | €110,257 | €75,203 | -€35,054 | -31.8% |
| Financial income | 75/76B | €285 | €871 | +€586 | +206% |
| Recurring financial income | 75 | €285 | €871 | +€586 | +206% |
| Financial charges | 65/66B | €22,226 | €19,148 | -€3,078 | -13.8% |
| Recurring financial charges | 65 | €22,226 | €19,148 | -€3,078 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €88,316 | €56,926 | -€31,389 | -35.5% |
| Income taxes | 67/77 | €709 | €15,577 | +€14,868 | +2,097% |
| Profit (loss) for the period | 9904 | €87,607 | €41,349 | -€46,257 | -52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €87,607 | €41,349 | -€46,257 | -52.8% |
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 27 October 2026 via checked.be.