SOBEGI: 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.
What changed
SOBEGI
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.2m
2024 · €1.6m+€1.6m
Equity
€12.2m
2024 · €9.1m+€3.1m
Cash
€1.7m
2024 · €3.3m-€1.6m
Balance sheet total
€13.7m
2024 · €15.5m-€1.8m
Largest movements
Assets
- Cash -€1.6m
down €1.6m (-48.2%), from €3.3m to €1.7m
mainly Debts after one year (-€4.3m) and Investment in fixed assets (net) (-€1.1m)
- Tangible fixed assets -€277,106
down €277,106 (-2.4%), from €11.7m to €11.4m
of which Land and buildings: -€440,369
Equity and liabilities
- Debts after one year -€4.3m
down €4.3m (-96.2%), from €4.4m to €170,516
of which Financial debts: -€4.3m
- Reserves +€2.0m
up €2.0m (+94.6%), from €2.1m to €4.1m
of which Tax-exempt reserves: +€2.0m
- Profit (loss) carried forward +€1.1m
up €1.1m (+19.2%), from €5.6m to €6.7m
- Current portion of long-term debt -€952,599
no longer reported in 2025 (was €952,599)
- Provisions +€531,014
up €531,014 (+4385.0%), from €12,110 to €543,124
Income statement
- Gross operating margin +€2.0m
up €2.0m (+43.2%), from €4.7m to €6.7m
- Taxes -€152,066
down €152,066 (-27.7%), from €548,698 to €396,632
- Depreciation +€73,797
up €73,797 (+5.9%), from €1.3m to €1.3m
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.
Result 2024
€1.6m
Gross operating margin
+€2.0m
Staff costs
+€36,778
Depreciation
-€73,797
Write-downs
-€12,848
Other operating charges
-€19,674
Other operating items
+€32,083
Financial income
-€10,713
Financial charges
+€15,378
Taxes
+€152,066
Deferred taxes and other
-€540,430
Result 2025
€3.2m
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.
From operations
+€4.8m
Investment
-€1.1m
Financing
-€5.3m
Cash 2024
€3.3m
From operations (derived)
+€4.8m
Net result for the year
+€3.2m
Depreciation
+€1.3m
Receivables within one year
-€56,689
Deferred charges and accrued income
-€39,389
Provisions
+€531,014
Trade debts
+€179,662
Tax, wage and social debts
-€179,033
Other debts
-€263,750
Accrued charges and deferred income
+€102,138
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
-€5.3m
Debts after one year
-€4.3m
Current portion of long-term debt
-€952,599
Contributions, distributions and other
-€112,958
Cash 2025
€1.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,477,982 | €13,697,335 | -€1.8m | -11.5% |
| Fixed assets | 21/28 | €11,703,624 | €11,426,318 | -€277,306 | -2.4% |
| Tangible fixed assets | 22/27 | €11,672,493 | €11,395,386 | -€277,106 | -2.4% |
| Land and buildings | 22 | €6,382,927 | €5,942,559 | -€440,369 | -6.9% |
| Plant, machinery and equipment | 23 | €5,261,775 | €5,431,698 | +€169,923 | +3.2% |
| Furniture and vehicles | 24 | €27,791 | €21,130 | -€6,661 | -24.0% |
| Financial fixed assets | 28 | €31,131 | €30,931 | -€200 | -0.6% |
| Current assets | 29/58 | €3,774,358 | €2,271,017 | -€1.5m | -39.8% |
| Amounts receivable within one year | 40/41 | €199,307 | €255,996 | +€56,689 | +28.4% |
| Trade receivables | 40 | €199,307 | €147,417 | -€51,890 | -26.0% |
| Other amounts receivable | 41 | €0 | €108,579 | +€108,579 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,315,427 | €1,716,008 | -€1.6m | -48.2% |
| Deferred charges and accrued income | 490/1 | €259,625 | €299,014 | +€39,389 | +15.2% |
| Total equity and liabilities | 10/49 | €15,477,982 | €13,697,335 | -€1.8m | -11.5% |
| Equity | 10/15 | €9,097,713 | €12,178,631 | +€3.1m | +33.9% |
| Contributions | 10/11 | €1,335,492 | €1,335,492 | = | 0.0% |
| Capital | 10 | - | €1,335,492 | +€1.3m | |
| Issued capital | 100 | - | €1,335,492 | +€1.3m | |
| Reserves | 13 | €2,113,998 | €4,113,002 | +€2.0m | +94.6% |
| Non-distributable reserves | 130/1 | €158,549 | €158,549 | = | 0.0% |
| Reserves not available under the articles | 1311 | €158,549 | €158,549 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,160,219 | €3,184,223 | +€2.0m | +174.5% |
| Distributable reserves | 133 | €795,230 | €770,230 | -€25,000 | -3.1% |
| Profit (loss) carried forward | 14 | €5,648,224 | €6,730,138 | +€1.1m | +19.2% |
| Provisions and deferred taxes | 16 | €12,110 | €543,124 | +€531,014 | +4385.0% |
| Deferred taxes | 168 | €12,110 | €543,124 | +€531,014 | +4385.0% |
| Amounts payable | 17/49 | €6,368,159 | €975,580 | -€5.4m | -84.7% |
| Amounts payable after more than one year | 17 | €4,449,512 | €170,516 | -€4.3m | -96.2% |
| Financial debts | 170/4 | €4,301,113 | - | -€4.3m | |
| Other amounts payable | 178/9 | €148,399 | €170,516 | +€22,117 | +14.9% |
| Amounts payable within one year | 42/48 | €1,651,533 | €435,812 | -€1.2m | -73.6% |
| Current portion of amounts payable after more than one year | 42 | €952,599 | - | -€952,599 | |
| Trade debts | 44 | €173,615 | €353,277 | +€179,662 | +103.5% |
| Suppliers | 440/4 | €173,615 | €353,277 | +€179,662 | +103.5% |
| Taxes, remuneration and social security | 45 | €237,818 | €58,785 | -€179,033 | -75.3% |
| Taxes | 450/3 | €139,385 | €1,250 | -€138,135 | -99.1% |
| Remuneration and social security | 454/9 | €98,433 | €57,535 | -€40,899 | -41.5% |
| Other amounts payable | 47/48 | €287,500 | €23,750 | -€263,750 | -91.7% |
| Accrued charges and deferred income | 492/3 | €267,115 | €369,252 | +€102,138 | +38.2% |
| Non-recurring operating income | 76A | €32,692 | €2,252,922 | +€2.2m | +6791.3% |
| Remuneration, social security and pensions | 62 | €879,551 | €842,773 | -€36,778 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,259,907 | €1,333,704 | +€73,797 | +5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,725 | €22,574 | +€12,848 | +132.1% |
| Other operating charges | 640/8 | €267,385 | €287,060 | +€19,674 | +7.4% |
| Non-recurring operating charges | 66A | €33,740 | €1,657 | -€32,083 | -95.1% |
| Gross operating margin | 9900 | €4,677,068 | €6,695,989 | +€2.0m | +43.2% |
| Operating profit (loss) | 9901 | €2,226,759 | €4,208,221 | +€2.0m | +89.0% |
| Financial income | 75/76B | €24,927 | €14,214 | -€10,713 | -43.0% |
| Recurring financial income | 75 | €24,927 | €14,214 | -€10,713 | -43.0% |
| Financial charges | 65/66B | €116,291 | €100,914 | -€15,378 | -13.2% |
| Recurring financial charges | 65 | €116,291 | €100,914 | -€15,378 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €2,135,395 | €4,121,522 | +€2.0m | +93.0% |
| Transfer from deferred taxes | 780 | €9,416 | €31,818 | +€22,402 | +237.9% |
| Transfer to deferred taxes | 680 | - | €562,832 | +€562,832 | |
| Income taxes | 67/77 | €548,698 | €396,632 | -€152,066 | -27.7% |
| Profit (loss) for the period | 9904 | €1,596,113 | €3,193,876 | +€1.6m | +100.1% |
| Transfer from tax-exempt reserves | 789 | €249,836 | €85,493 | -€164,344 | -65.8% |
| Transfer to tax-exempt reserves | 689 | €421,000 | €2,109,497 | +€1.7m | +401.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,424,950 | €1,169,872 | -€255,078 | -17.9% |
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 10 October 2026 via checked.be.