SOBELCA: 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.
SOBELCA
Largest movements
- Current investments +€928,818
up €928,818 (+9.9%), from €9.4m to €10.3m
- Tangible fixed assets -€243,351
down €243,351 (-3.3%), from €7.4m to €7.1m
- Reserves +€838,350
up €838,350 (+8.4%), from €10.0m to €10.8m
of which Distributable reserves: +€838,350
- Financial income +€127,443
up €127,443 (+66.9%), from €190,552 to €317,995
- Depreciation -€126,353
down €126,353 (-33.1%), from €382,230 to €255,877
- Taxes -€29,664
down €29,664 (-11.7%), from €252,706 to €223,042
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 | €16,862,952 | €17,713,437 | +€850,484 | +5.0% |
| Fixed assets | 21/28 | €7,380,664 | €7,137,313 | -€243,351 | -3.3% |
| Tangible fixed assets | 22/27 | €7,380,664 | €7,137,313 | -€243,351 | -3.3% |
| Other tangible fixed assets | 26 | €7,380,664 | €7,137,313 | -€243,351 | -3.3% |
| Current assets | 29/58 | €9,482,288 | €10,576,124 | +€1.1m | +11.5% |
| Amounts receivable within one year | 40/41 | €6,443 | €71,616 | +€65,173 | +1011.5% |
| Trade receivables | 40 | €6,443 | €5,104 | -€1,339 | -20.8% |
| Other amounts receivable | 41 | - | €66,513 | +€66,513 | |
| Current investments | 50/53 | €9,383,527 | €10,312,345 | +€928,818 | +9.9% |
| Cash at bank and in hand | 54/58 | €40,775 | €192,162 | +€151,387 | +371.3% |
| Deferred charges and accrued income | 490/1 | €51,544 | - | -€51,544 | |
| Total equity and liabilities | 10/49 | €16,862,952 | €17,713,437 | +€850,484 | +5.0% |
| Equity | 10/15 | €16,803,837 | €17,640,875 | +€837,038 | +5.0% |
| Contributions | 10/11 | €6,823,500 | €6,823,500 | = | 0.0% |
| Capital | 10 | €6,823,500 | €6,823,500 | = | 0.0% |
| Issued capital | 100 | €6,823,500 | €6,823,500 | = | 0.0% |
| Reserves | 13 | €9,977,000 | €10,815,350 | +€838,350 | +8.4% |
| Non-distributable reserves | 130/1 | €682,350 | €682,350 | = | 0.0% |
| Legal reserve | 130 | €682,350 | €682,350 | = | 0.0% |
| Distributable reserves | 133 | €9,294,650 | €10,133,000 | +€838,350 | +9.0% |
| Profit (loss) carried forward | 14 | €2,221 | €909 | -€1,312 | -59.1% |
| Investment grants | 15 | €1,116 | €1,116 | = | 0.0% |
| Amounts payable | 17/49 | €59,116 | €72,562 | +€13,446 | +22.7% |
| Amounts payable within one year | 42/48 | €36,262 | €51,982 | +€15,720 | +43.3% |
| Trade debts | 44 | €228 | €131 | -€97 | -42.4% |
| Suppliers | 440/4 | €228 | €131 | -€97 | -42.4% |
| Taxes, remuneration and social security | 45 | €36,034 | €51,851 | +€15,816 | +43.9% |
| Taxes | 450/3 | €36,034 | €51,851 | +€15,816 | +43.9% |
| Accrued charges and deferred income | 492/3 | €22,853 | €20,580 | -€2,273 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €382,230 | €255,877 | -€126,353 | -33.1% |
| Other operating charges | 640/8 | €77,900 | €87,286 | +€9,386 | +12.0% |
| Gross operating margin | 9900 | €1,079,577 | €1,086,461 | +€6,884 | +0.6% |
| Operating profit (loss) | 9901 | €619,447 | €743,299 | +€123,852 | +20.0% |
| Financial income | 75/76B | €190,552 | €317,995 | +€127,443 | +66.9% |
| Recurring financial income | 75 | €190,552 | €317,995 | +€127,443 | +66.9% |
| Financial charges | 65/66B | €1,222 | €1,213 | -€8 | -0.7% |
| Recurring financial charges | 65 | €1,222 | €1,213 | -€8 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €808,777 | €1,060,080 | +€251,303 | +31.1% |
| Income taxes | 67/77 | €252,706 | €223,042 | -€29,664 | -11.7% |
| Profit (loss) for the period | 9904 | €556,071 | €837,038 | +€280,966 | +50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €556,071 | €837,038 | +€280,966 | +50.5% |
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 4 October 2026 via checked.be.