SOBRA: 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.
SOBRA
Largest movements
- Receivables within one year +€23,332
up €23,332 (+75.7%), from €30,807 to €54,139
of which Trade receivables: +€28,334
- Stocks and contracts -€7,546
down €7,546 (-46.3%), from €16,314 to €8,768
- Cash -€7,249
down €7,249 (-17.2%), from €42,094 to €34,846
mainly Receivables within one year (-€23,332) and Investment in fixed assets (net) (-€20,811)
- Tangible fixed assets +€3,748
up €3,748 (+9.0%), from €41,639 to €45,387
of which Furniture and vehicles: +€6,392
- Reserves +€12,980
up €12,980 (+31.8%), from €40,859 to €53,839
- Tax, wage and social debts -€7,722
down €7,722 (-79.7%), from €9,694 to €1,972
of which Remuneration and social security: -€8,120
- Trade debts +€3,301
up €3,301 (+11.1%), from €29,628 to €32,929
- Other debts +€2,500
up €2,500 (+30.5%), from €8,199 to €10,699
- Current portion of long-term debt +€1,577
up €1,577 (+12.9%), from €12,241 to €13,819
- Staff costs -€39,965
down €39,965 (-74.5%), from €53,615 to €13,651
- Gross operating margin -€33,491
down €33,491 (-39.1%), from €85,572 to €52,081
- Taxes +€2,390
up €2,390 (+85.8%), from €2,786 to €5,175
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.
Cash bridge derived
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 | €139,903 | €151,531 | +€11,628 | +8.3% |
| Fixed assets | 21/28 | €43,531 | €47,003 | +€3,472 | +8.0% |
| Intangible fixed assets | 21 | €201 | €60 | -€141 | -70.1% |
| Tangible fixed assets | 22/27 | €41,639 | €45,387 | +€3,748 | +9.0% |
| Plant, machinery and equipment | 23 | €3,494 | €849 | -€2,644 | -75.7% |
| Furniture and vehicles | 24 | €38,146 | €44,538 | +€6,392 | +16.8% |
| Financial fixed assets | 28 | €1,691 | €1,556 | -€135 | -8.0% |
| Current assets | 29/58 | €96,371 | €104,527 | +€8,156 | +8.5% |
| Stocks and contracts in progress | 3 | €16,314 | €8,768 | -€7,546 | -46.3% |
| Stocks | 30/36 | €16,314 | €8,768 | -€7,546 | -46.3% |
| Amounts receivable within one year | 40/41 | €30,807 | €54,139 | +€23,332 | +75.7% |
| Trade receivables | 40 | €18,306 | €46,640 | +€28,334 | +154.8% |
| Other amounts receivable | 41 | €12,501 | €7,499 | -€5,002 | -40.0% |
| Cash at bank and in hand | 54/58 | €42,094 | €34,846 | -€7,249 | -17.2% |
| Deferred charges and accrued income | 490/1 | €7,155 | €6,774 | -€381 | -5.3% |
| Total equity and liabilities | 10/49 | €139,903 | €151,531 | +€11,628 | +8.3% |
| Equity | 10/15 | €59,038 | €72,166 | +€13,128 | +22.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | - | €18,592 | +€18,592 | |
| Issued capital | 100 | - | €18,592 | +€18,592 | |
| Outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €40,859 | €53,839 | +€12,980 | +31.8% |
| Distributable reserves | 133 | €40,859 | €53,839 | +€12,980 | +31.8% |
| Profit (loss) carried forward | 14 | -€413 | -€265 | +€148 | +35.7% |
| Amounts payable | 17/49 | €80,864 | €79,365 | -€1,499 | -1.9% |
| Amounts payable after more than one year | 17 | €21,102 | €19,934 | -€1,168 | -5.5% |
| Financial debts | 170/4 | €21,102 | €19,934 | -€1,168 | -5.5% |
| Amounts payable within one year | 42/48 | €59,762 | €59,431 | -€332 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €12,241 | €13,819 | +€1,577 | +12.9% |
| Financial debts | 43 | - | €12 | +€12 | |
| Credit institutions | 430/8 | - | €12 | +€12 | |
| Trade debts | 44 | €29,628 | €32,929 | +€3,301 | +11.1% |
| Suppliers | 440/4 | €29,628 | €32,929 | +€3,301 | +11.1% |
| Taxes, remuneration and social security | 45 | €9,694 | €1,972 | -€7,722 | -79.7% |
| Taxes | 450/3 | €900 | €1,298 | +€398 | +44.2% |
| Remuneration and social security | 454/9 | €8,794 | €674 | -€8,120 | -92.3% |
| Other amounts payable | 47/48 | €8,199 | €10,699 | +€2,500 | +30.5% |
| Non-recurring operating income | 76A | - | €4,988 | +€4,988 | |
| Remuneration, social security and pensions | 62 | €53,615 | €13,651 | -€39,965 | -74.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,886 | €17,339 | +€453 | +2.7% |
| Other operating charges | 640/8 | €442 | €400 | -€43 | -9.6% |
| Gross operating margin | 9900 | €85,572 | €52,081 | -€33,491 | -39.1% |
| Operating profit (loss) | 9901 | €14,628 | €20,691 | +€6,063 | +41.4% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €2,716 | €2,395 | -€321 | -11.8% |
| Recurring financial charges | 65 | €2,716 | €2,395 | -€321 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €11,912 | €18,303 | +€6,391 | +53.7% |
| Income taxes | 67/77 | €2,786 | €5,175 | +€2,390 | +85.8% |
| Profit (loss) for the period | 9904 | €9,126 | €13,128 | +€4,001 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,126 | €13,128 | +€4,001 | +43.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.