SOBETRAT: 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.
SOBETRAT
Largest movements
- Tangible fixed assets +€37,614
up €37,614 (+331%), from €11,378 to €48,992
of which Plant, machinery and equipment: +€39,526
- Receivables within one year -€9,278
down €9,278 (-68.4%), from €13,562 to €4,285
- Cash +€6,842
new in 2025: €6,842
mainly Other debts (+€26,819) and Debts after one year (+€26,652)
- Intangible fixed assets -€4,400
down €4,400 (-25.0%), from €17,600 to €13,200
- Deferred charges and accrued income +€1,022
new in 2025: €1,022
- Other debts +€26,819
up €26,819 (+1,165%), from €2,302 to €29,122
- Debts after one year +€26,652
new in 2025: €26,652
- Profit (loss) carried forward -€25,137
down €25,137 (-160%), from -€15,759 to -€40,896
- Current portion of long-term debt +€7,853
new in 2025: €7,853
- Trade debts -€4,377
down €4,377 (-59.3%), from €7,385 to €3,008
- Staff costs +€22,255
up €22,255 (+47.9%), from €46,416 to €68,670
- Gross operating margin +€18,826
up €18,826 (+41.2%), from €45,687 to €64,513
- Depreciation +€7,369
up €7,369 (+108%), from €6,801 to €14,171
- Other operating charges +€2,120
up €2,120 (+130%), from €1,626 to €3,746
- Financial charges +€2,049
up €2,049 (+187%), from €1,096 to €3,145
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 | €43,484 | €76,310 | +€32,827 | +75.5% |
| Fixed assets | 21/28 | €28,978 | €63,192 | +€34,214 | +118% |
| Intangible fixed assets | 21 | €17,600 | €13,200 | -€4,400 | -25.0% |
| Tangible fixed assets | 22/27 | €11,378 | €48,992 | +€37,614 | +331% |
| Plant, machinery and equipment | 23 | €815 | €40,341 | +€39,526 | +4,850% |
| Other tangible fixed assets | 26 | €10,563 | €8,651 | -€1,912 | -18.1% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €14,506 | €13,118 | -€1,387 | -9.6% |
| Stocks and contracts in progress | 3 | €943 | €970 | +€27 | +2.9% |
| Stocks | 30/36 | €943 | €970 | +€27 | +2.9% |
| Amounts receivable within one year | 40/41 | €13,562 | €4,285 | -€9,278 | -68.4% |
| Trade receivables | 40 | €13,562 | €4,285 | -€9,278 | -68.4% |
| Cash at bank and in hand | 54/58 | - | €6,842 | +€6,842 | |
| Deferred charges and accrued income | 490/1 | - | €1,022 | +€1,022 | |
| Total equity and liabilities | 10/49 | €43,484 | €76,310 | +€32,827 | +75.5% |
| Equity | 10/15 | €14,241 | -€10,896 | -€25,137 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Contributions outside capital | 11 | €30,000 | - | -€30,000 | |
| Other | 1109/19 | €30,000 | - | -€30,000 | |
| Profit (loss) carried forward | 14 | -€15,759 | -€40,896 | -€25,137 | -160% |
| Amounts payable | 17/49 | €29,242 | €87,206 | +€57,964 | +198% |
| Amounts payable after more than one year | 17 | - | €26,652 | +€26,652 | |
| Financial debts | 170/4 | - | €26,652 | +€26,652 | |
| Amounts payable within one year | 42/48 | €29,242 | €57,754 | +€28,512 | +97.5% |
| Current portion of amounts payable after more than one year | 42 | - | €7,853 | +€7,853 | |
| Financial debts | 43 | €2,146 | - | -€2,146 | |
| Credit institutions | 430/8 | €2,146 | - | -€2,146 | |
| Trade debts | 44 | €7,385 | €3,008 | -€4,377 | -59.3% |
| Suppliers | 440/4 | €7,385 | €3,008 | -€4,377 | -59.3% |
| Advances received on contracts in progress | 46 | €4,777 | €795 | -€3,983 | -83.4% |
| Taxes, remuneration and social security | 45 | €12,632 | €16,976 | +€4,345 | +34.4% |
| Taxes | 450/3 | €4,208 | €6,141 | +€1,932 | +45.9% |
| Remuneration and social security | 454/9 | €8,423 | €10,836 | +€2,413 | +28.6% |
| Other amounts payable | 47/48 | €2,302 | €29,122 | +€26,819 | +1,165% |
| Accrued charges and deferred income | 492/3 | - | €2,800 | +€2,800 | |
| Remuneration, social security and pensions | 62 | €46,416 | €68,670 | +€22,255 | +47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,801 | €14,171 | +€7,369 | +108% |
| Other operating charges | 640/8 | €1,626 | €3,746 | +€2,120 | +130% |
| Gross operating margin | 9900 | €45,687 | €64,513 | +€18,826 | +41.2% |
| Operating profit (loss) | 9901 | -€9,156 | -€22,074 | -€12,919 | -141% |
| Financial income | 75/76B | - | €82 | +€82 | |
| Recurring financial income | 75 | - | €82 | +€82 | |
| Financial charges | 65/66B | €1,096 | €3,145 | +€2,049 | +187% |
| Recurring financial charges | 65 | €1,096 | €3,145 | +€2,049 | +187% |
| Profit (loss) for the period before taxes | 9903 | -€10,252 | -€25,137 | -€14,886 | -145% |
| Profit (loss) for the period | 9904 | -€10,252 | -€25,137 | -€14,886 | -145% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,252 | -€25,137 | -€14,886 | -145% |
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 30 October 2026 via checked.be.