IMMO - SOBEK: 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.
IMMO - SOBEK
Largest movements
- Tangible fixed assets -€68,573
down €68,573 (-7.9%), from €865,116 to €796,543
of which Land and buildings: -€67,236
- Cash -€63,530
down €63,530 (-100.0%), from €63,530 to €0
mainly Other debts (-€188,904) and Investment in fixed assets (net) (-€37,061)
- Receivables within one year -€30,101
down €30,101 (-8.4%), from €358,943 to €328,841
of which Other amounts receivable: -€30,101
- Deferred charges and accrued income -€24,492
down €24,492 (-70.0%), from €34,984 to €10,492
- Other debts -€188,904
down €188,904 (-74.5%), from €253,481 to €64,577
- Reserves +€19,307
up €19,307 (+2.0%), from €942,719 to €962,027
of which Distributable reserves: +€19,307
- Debts after one year -€17,840
down €17,840 (-85.4%), from €20,886 to €3,046
- Gross operating margin -€433,689
down €433,689 (-71.6%), from €605,923 to €172,234
- Taxes -€104,409
down €104,409 (-93.3%), from €111,967 to €7,557
- Financial income +€7,412
up €7,412 (+425%), from €1,744 to €9,157
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 | €1,322,622 | €1,135,926 | -€186,696 | -14.1% |
| Fixed assets | 21/28 | €865,166 | €796,592 | -€68,573 | -7.9% |
| Tangible fixed assets | 22/27 | €865,116 | €796,543 | -€68,573 | -7.9% |
| Land and buildings | 22 | €808,204 | €740,968 | -€67,236 | -8.3% |
| Plant, machinery and equipment | 23 | - | €14,829 | +€14,829 | |
| Leasing and similar rights | 25 | €56,912 | €40,746 | -€16,166 | -28.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €457,457 | €339,333 | -€118,123 | -25.8% |
| Amounts receivable within one year | 40/41 | €358,943 | €328,841 | -€30,101 | -8.4% |
| Trade receivables | 40 | €18,850 | €18,850 | = | 0.0% |
| Other amounts receivable | 41 | €340,093 | €309,991 | -€30,101 | -8.9% |
| Cash at bank and in hand | 54/58 | €63,530 | €0 | -€63,530 | -100.0% |
| Deferred charges and accrued income | 490/1 | €34,984 | €10,492 | -€24,492 | -70.0% |
| Total equity and liabilities | 10/49 | €1,322,622 | €1,135,926 | -€186,696 | -14.1% |
| Equity | 10/15 | €1,004,719 | €1,024,027 | +€19,307 | +1.9% |
| 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 | €942,719 | €962,027 | +€19,307 | +2.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,469 | €3,469 | = | 0.0% |
| Distributable reserves | 133 | €933,050 | €952,358 | +€19,307 | +2.1% |
| Amounts payable | 17/49 | €317,903 | €111,899 | -€206,004 | -64.8% |
| Amounts payable after more than one year | 17 | €20,886 | €3,046 | -€17,840 | -85.4% |
| Financial debts | 170/4 | €20,886 | €3,046 | -€17,840 | -85.4% |
| Amounts payable within one year | 42/48 | €276,448 | €91,746 | -€184,702 | -66.8% |
| Current portion of amounts payable after more than one year | 42 | €17,113 | €17,840 | +€727 | +4.2% |
| Financial debts | 43 | - | €1,086 | +€1,086 | |
| Credit institutions | 430/8 | - | €1,086 | +€1,086 | |
| Trade debts | 44 | €0 | €118 | +€118 | |
| Suppliers | 440/4 | €0 | €118 | +€118 | |
| Taxes, remuneration and social security | 45 | €5,854 | €8,125 | +€2,271 | +38.8% |
| Taxes | 450/3 | €5,854 | €8,125 | +€2,271 | +38.8% |
| Other amounts payable | 47/48 | €253,481 | €64,577 | -€188,904 | -74.5% |
| Accrued charges and deferred income | 492/3 | €20,569 | €17,107 | -€3,462 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,996 | €105,634 | -€1,362 | -1.3% |
| Other operating charges | 640/8 | €33,674 | €30,100 | -€3,574 | -10.6% |
| Gross operating margin | 9900 | €605,923 | €172,234 | -€433,689 | -71.6% |
| Operating profit (loss) | 9901 | €465,253 | €36,500 | -€428,753 | -92.2% |
| Financial income | 75/76B | €1,744 | €9,157 | +€7,412 | +425% |
| Recurring financial income | 75 | €1,744 | €9,157 | +€7,412 | +425% |
| Financial charges | 65/66B | €23,948 | €18,792 | -€5,156 | -21.5% |
| Recurring financial charges | 65 | €23,948 | €18,792 | -€5,156 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €443,049 | €26,865 | -€416,184 | -93.9% |
| Income taxes | 67/77 | €111,967 | €7,557 | -€104,409 | -93.3% |
| Profit (loss) for the period | 9904 | €331,082 | €19,307 | -€311,775 | -94.2% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €331,082 | €19,307 | -€311,775 | -94.2% |
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 20 October 2026 via checked.be.