SOBELEX & CO: 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.
SOBELEX & CO
Largest movements
- Intangible fixed assets -€32,500
down €32,500 (-18.7%), from €173,363 to €140,863
- Deferred charges and accrued income +€26,826
up €26,826 (+479.0%), from €5,600 to €32,426
- Tangible fixed assets +€24,612
up €24,612 (+894.7%), from €2,751 to €27,363
of which Furniture and vehicles: +€24,691
- Cash +€14,319
up €14,319 (+90.5%), from €15,817 to €30,137
mainly Net result for the year (+€84,626) and Trade debts (+€48,786)
- Receivables within one year -€3,608
down €3,608 (-5.8%), from €62,264 to €58,656
of which Other amounts receivable: -€2,017
- Trade debts +€48,786
up €48,786 (+151.2%), from €32,258 to €81,044
- Other debts +€39,498
up €39,498 (+45.4%), from €86,915 to €126,413
- Current portion of long-term debt -€26,724
down €26,724 (-76.4%), from €34,972 to €8,249
- Tax, wage and social debts -€21,299
down €21,299 (-42.7%), from €49,921 to €28,622
of which Taxes: -€20,807
- Reserves -€9,829
down €9,829 (-21.7%), from €45,253 to €35,424
- Gross operating margin -€3,937
down €3,937 (-2.1%), from €191,887 to €187,950
- Other operating charges -€3,528
no longer reported in 2025 (was €3,528)
- Depreciation +€3,195
up €3,195 (+9.5%), from €33,630 to €36,826
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 | €260,344 | €289,994 | +€29,649 | +11.4% |
| Fixed assets | 21/28 | €176,663 | €168,775 | -€7,888 | -4.5% |
| Intangible fixed assets | 21 | €173,363 | €140,863 | -€32,500 | -18.7% |
| Tangible fixed assets | 22/27 | €2,751 | €27,363 | +€24,612 | +894.7% |
| Plant, machinery and equipment | 23 | €85 | €6 | -€79 | -92.9% |
| Furniture and vehicles | 24 | €2,665 | €27,356 | +€24,691 | +926.3% |
| Financial fixed assets | 28 | €549 | €549 | = | 0.0% |
| Current assets | 29/58 | €83,682 | €121,219 | +€37,538 | +44.9% |
| Amounts receivable within one year | 40/41 | €62,264 | €58,656 | -€3,608 | -5.8% |
| Trade receivables | 40 | €60,239 | €58,648 | -€1,591 | -2.6% |
| Other amounts receivable | 41 | €2,025 | €8 | -€2,017 | -99.6% |
| Cash at bank and in hand | 54/58 | €15,817 | €30,137 | +€14,319 | +90.5% |
| Deferred charges and accrued income | 490/1 | €5,600 | €32,426 | +€26,826 | +479.0% |
| Total equity and liabilities | 10/49 | €260,344 | €289,994 | +€29,649 | +11.4% |
| Equity | 10/15 | €51,253 | €41,424 | -€9,829 | -19.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €45,253 | €35,424 | -€9,829 | -21.7% |
| Distributable reserves | 133 | €45,253 | €35,424 | -€9,829 | -21.7% |
| Amounts payable | 17/49 | €209,091 | €248,570 | +€39,478 | +18.9% |
| Amounts payable after more than one year | 17 | - | €4,242 | +€4,242 | |
| Financial debts | 170/4 | - | €4,242 | +€4,242 | |
| Amounts payable within one year | 42/48 | €204,066 | €244,328 | +€40,262 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €34,972 | €8,249 | -€26,724 | -76.4% |
| Trade debts | 44 | €32,258 | €81,044 | +€48,786 | +151.2% |
| Suppliers | 440/4 | €32,258 | €81,044 | +€48,786 | +151.2% |
| Taxes, remuneration and social security | 45 | €49,921 | €28,622 | -€21,299 | -42.7% |
| Taxes | 450/3 | €43,148 | €22,341 | -€20,807 | -48.2% |
| Remuneration and social security | 454/9 | €6,773 | €6,281 | -€492 | -7.3% |
| Other amounts payable | 47/48 | €86,915 | €126,413 | +€39,498 | +45.4% |
| Accrued charges and deferred income | 492/3 | €5,025 | - | -€5,025 | |
| Remuneration, social security and pensions | 62 | €38,813 | €40,109 | +€1,296 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,630 | €36,826 | +€3,195 | +9.5% |
| Other operating charges | 640/8 | €3,528 | - | -€3,528 | |
| Gross operating margin | 9900 | €191,887 | €187,950 | -€3,937 | -2.1% |
| Operating profit (loss) | 9901 | €115,915 | €111,015 | -€4,900 | -4.2% |
| Financial income | 75/76B | €20 | €405 | +€384 | +1908.1% |
| Recurring financial income | 75 | €20 | €3 | -€17 | -84.8% |
| Non-recurring financial income | 76B | - | €402 | +€402 | |
| Financial charges | 65/66B | €4,242 | €2,886 | -€1,356 | -32.0% |
| Recurring financial charges | 65 | €2,027 | €1,733 | -€294 | -14.5% |
| Non-recurring financial charges | 66B | €2,215 | €1,153 | -€1,063 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €111,693 | €108,534 | -€3,159 | -2.8% |
| Income taxes | 67/77 | €25,628 | €23,907 | -€1,721 | -6.7% |
| Profit (loss) for the period | 9904 | €86,065 | €84,626 | -€1,439 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €86,065 | €84,626 | -€1,439 | -1.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.