SOBEGEX: 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.
SOBEGEX
Largest movements
- Cash +€36,668
up €36,668 (+89.6%), from €40,912 to €77,580
mainly Net result for the year (+€26,882) and Depreciation (+€16,933)
- Tangible fixed assets -€13,232
down €13,232 (-18.5%), from €71,567 to €58,335
of which Furniture and vehicles: -€14,893
- Reserves +€26,882
up €26,882 (+19.5%), from €137,849 to €164,731
- Tax, wage and social debts +€11,429
up €11,429 (+68.7%), from €16,642 to €28,071
of which Taxes: +€8,263
- Debts after one year -€10,503
down €10,503 (-100%), from €10,503 to €0
- Other debts -€2,855
down €2,855 (-62.9%), from €4,542 to €1,687
- Gross operating margin +€45,246
up €45,246 (+60.8%), from €74,418 to €119,664
- Taxes +€11,642
up €11,642 (+417%), from €2,790 to €14,432
- Staff costs +€2,474
up €2,474 (+4.8%), from €51,343 to €53,818
- Other operating charges +€1,257
up €1,257 (+55.7%), from €2,256 to €3,513
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 | €201,251 | €226,935 | +€25,683 | +12.8% |
| Fixed assets | 21/28 | €71,567 | €58,695 | -€12,872 | -18.0% |
| Tangible fixed assets | 22/27 | €71,567 | €58,335 | -€13,232 | -18.5% |
| Land and buildings | 22 | €30,500 | €30,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,823 | €3,484 | +€1,661 | +91.1% |
| Furniture and vehicles | 24 | €39,244 | €24,351 | -€14,893 | -37.9% |
| Financial fixed assets | 28 | - | €360 | +€360 | |
| Current assets | 29/58 | €129,684 | €168,239 | +€38,555 | +29.7% |
| Amounts receivable after more than one year | 29 | €5,025 | €5,025 | = | 0.0% |
| Other amounts receivable | 291 | €5,025 | €5,025 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €77,648 | €78,889 | +€1,240 | +1.6% |
| Trade receivables | 40 | €64,150 | €78,889 | +€14,739 | +23.0% |
| Other amounts receivable | 41 | €13,498 | €0 | -€13,498 | -100% |
| Cash at bank and in hand | 54/58 | €40,912 | €77,580 | +€36,668 | +89.6% |
| Deferred charges and accrued income | 490/1 | €6,099 | €6,745 | +€647 | +10.6% |
| Total equity and liabilities | 10/49 | €201,251 | €226,935 | +€25,683 | +12.8% |
| Equity | 10/15 | €144,637 | €171,518 | +€26,882 | +18.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €137,849 | €164,731 | +€26,882 | +19.5% |
| Distributable reserves | 133 | €137,849 | €164,731 | +€26,882 | +19.5% |
| Profit (loss) carried forward | 14 | €588 | €588 | = | 0.0% |
| Amounts payable | 17/49 | €56,615 | €55,416 | -€1,198 | -2.1% |
| Amounts payable after more than one year | 17 | €10,503 | €0 | -€10,503 | -100% |
| Financial debts | 170/4 | €10,503 | €0 | -€10,503 | -100% |
| Amounts payable within one year | 42/48 | €46,101 | €55,405 | +€9,304 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €10,160 | €10,503 | +€343 | +3.4% |
| Financial debts | 43 | €5,442 | €5,451 | +€8 | +0.2% |
| Credit institutions | 430/8 | €5,442 | €5,451 | +€8 | +0.2% |
| Trade debts | 44 | €9,314 | €9,694 | +€380 | +4.1% |
| Suppliers | 440/4 | €9,314 | €9,694 | +€380 | +4.1% |
| Taxes, remuneration and social security | 45 | €16,642 | €28,071 | +€11,429 | +68.7% |
| Taxes | 450/3 | €12,483 | €20,747 | +€8,263 | +66.2% |
| Remuneration and social security | 454/9 | €4,159 | €7,324 | +€3,166 | +76.1% |
| Other amounts payable | 47/48 | €4,542 | €1,687 | -€2,855 | -62.9% |
| Accrued charges and deferred income | 492/3 | €11 | €11 | = | 0.0% |
| Non-recurring operating income | 76A | - | €3,731 | +€3,731 | |
| Remuneration, social security and pensions | 62 | €51,343 | €53,818 | +€2,474 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,352 | €16,933 | +€581 | +3.6% |
| Other operating charges | 640/8 | €2,256 | €3,513 | +€1,257 | +55.7% |
| Non-recurring operating charges | 66A | - | €2,941 | +€2,941 | |
| Gross operating margin | 9900 | €74,418 | €119,664 | +€45,246 | +60.8% |
| Operating profit (loss) | 9901 | €4,467 | €42,459 | +€37,992 | +851% |
| Financial income | 75/76B | €6 | €39 | +€33 | +534% |
| Recurring financial income | 75 | €6 | €39 | +€33 | +534% |
| Financial charges | 65/66B | €2,029 | €1,185 | -€844 | -41.6% |
| Recurring financial charges | 65 | €2,029 | €1,185 | -€844 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €2,444 | €41,314 | +€38,870 | +1,590% |
| Income taxes | 67/77 | €2,790 | €14,432 | +€11,642 | +417% |
| Profit (loss) for the period | 9904 | -€346 | €26,882 | +€27,228 | |
| Profit (loss) for the period to be appropriated | 9905 | -€346 | €26,882 | +€27,228 |
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 15 October 2026 via checked.be.