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.
SOBELID
Largest movements
- Receivables within one year +€19,043
up €19,043 (+149.9%), from €12,703 to €31,746
of which Trade receivables: +€17,714
- Cash -€1,401
down €1,401 (-4.7%), from €29,548 to €28,148
mainly Contributions, distributions and other (-€42,000) and Receivables within one year (-€19,043)
- Other debts +€15,743
up €15,743 (+74.1%), from €21,250 to €36,993
- Profit (loss) carried forward +€3,979
up €3,979 (+90.7%), from €4,387 to €8,366
- Tax, wage and social debts -€1,116
down €1,116 (-7.8%), from €14,221 to €13,105
- Trade debts -€987
down €987 (-73.9%), from €1,335 to €348
- Gross operating margin -€8,857
down €8,857 (-12.4%), from €71,253 to €62,396
- Taxes -€2,585
down €2,585 (-16.8%), from €15,396 to €12,811
- Financial charges +€2,000
up €2,000 (+332.7%), from €601 to €2,601
- Other operating charges -€973
down €973 (-61.1%), from €1,593 to €620
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 | €44,193 | €61,812 | +€17,619 | +39.9% |
| Fixed assets | 21/28 | €1,942 | €1,551 | -€391 | -20.1% |
| Tangible fixed assets | 22/27 | €1,942 | €1,551 | -€391 | -20.1% |
| Other tangible fixed assets | 26 | €1,942 | €1,551 | -€391 | -20.1% |
| Current assets | 29/58 | €42,251 | €60,261 | +€18,010 | +42.6% |
| Amounts receivable within one year | 40/41 | €12,703 | €31,746 | +€19,043 | +149.9% |
| Trade receivables | 40 | €12,342 | €30,056 | +€17,714 | +143.5% |
| Other amounts receivable | 41 | €361 | €1,689 | +€1,328 | +367.9% |
| Cash at bank and in hand | 54/58 | €29,548 | €28,148 | -€1,401 | -4.7% |
| Deferred charges and accrued income | 490/1 | - | €367 | +€367 | |
| Total equity and liabilities | 10/49 | €44,193 | €61,812 | +€17,619 | +39.9% |
| Equity | 10/15 | €7,387 | €11,366 | +€3,979 | +53.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,387 | €8,366 | +€3,979 | +90.7% |
| Amounts payable | 17/49 | €36,806 | €50,446 | +€13,640 | +37.1% |
| Amounts payable within one year | 42/48 | €36,806 | €50,446 | +€13,640 | +37.1% |
| Trade debts | 44 | €1,335 | €348 | -€987 | -73.9% |
| Suppliers | 440/4 | €1,335 | €348 | -€987 | -73.9% |
| Taxes, remuneration and social security | 45 | €14,221 | €13,105 | -€1,116 | -7.8% |
| Taxes | 450/3 | €14,221 | €13,105 | -€1,116 | -7.8% |
| Other amounts payable | 47/48 | €21,250 | €36,993 | +€15,743 | +74.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13 | €391 | +€378 | +2949.5% |
| Other operating charges | 640/8 | €1,593 | €620 | -€973 | -61.1% |
| Gross operating margin | 9900 | €71,253 | €62,396 | -€8,857 | -12.4% |
| Operating profit (loss) | 9901 | €69,647 | €61,385 | -€8,262 | -11.9% |
| Financial income | 75/76B | €16 | €5 | -€11 | -68.6% |
| Recurring financial income | 75 | €16 | €5 | -€11 | -68.6% |
| Financial charges | 65/66B | €601 | €2,601 | +€2,000 | +332.7% |
| Recurring financial charges | 65 | €601 | €2,601 | +€2,000 | +332.7% |
| Profit (loss) for the period before taxes | 9903 | €69,062 | €58,789 | -€10,273 | -14.9% |
| Income taxes | 67/77 | €15,396 | €12,811 | -€2,585 | -16.8% |
| Profit (loss) for the period | 9904 | €53,666 | €45,979 | -€7,687 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,666 | €45,979 | -€7,687 | -14.3% |
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 28 September 2026 via checked.be.