SOBELFISC: 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.
SOBELFISC
Largest movements
- Tangible fixed assets -€35,995
down €35,995 (-16.1%), from €224,026 to €188,031
of which Land and buildings: -€24,359
- Cash -€7,547
down €7,547 (-18.6%), from €40,521 to €32,974
mainly Debts after one year (-€36,272) and Contributions, distributions and other (-€32,460)
- Receivables within one year +€7,352
up €7,352 (+8.0%), from €92,111 to €99,463
of which Trade receivables: +€7,133
- Other debts +€41,450
up €41,450 (+99.8%), from €41,550 to €83,000
- Debts after one year -€36,272
down €36,272 (-19.6%), from €185,499 to €149,227
- Reserves -€19,260
down €19,260 (-22.0%), from €87,449 to €68,189
of which Distributable reserves: -€19,260
- Tax, wage and social debts -€11,878
down €11,878 (-22.1%), from €53,724 to €41,846
of which Taxes: -€6,729
- Current portion of long-term debt -€6,174
down €6,174 (-14.5%), from €42,446 to €36,272
- Gross operating margin -€16,634
down €16,634 (-5.7%), from €292,508 to €275,874
- Staff costs -€3,440
down €3,440 (-1.7%), from €199,446 to €196,006
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 | €493,382 | €456,711 | -€36,671 | -7.4% |
| Fixed assets | 21/28 | €227,735 | €190,685 | -€37,050 | -16.3% |
| Intangible fixed assets | 21 | €709 | €154 | -€555 | -78.2% |
| Tangible fixed assets | 22/27 | €224,026 | €188,031 | -€35,995 | -16.1% |
| Land and buildings | 22 | €176,299 | €151,940 | -€24,359 | -13.8% |
| Plant, machinery and equipment | 23 | €2,548 | €6,201 | +€3,652 | +143.3% |
| Furniture and vehicles | 24 | €45,179 | €29,890 | -€15,288 | -33.8% |
| Financial fixed assets | 28 | €3,000 | €2,500 | -€500 | -16.7% |
| Current assets | 29/58 | €265,647 | €266,026 | +€379 | +0.1% |
| Amounts receivable within one year | 40/41 | €92,111 | €99,463 | +€7,352 | +8.0% |
| Trade receivables | 40 | €92,111 | €99,244 | +€7,133 | +7.7% |
| Other amounts receivable | 41 | - | €219 | +€219 | |
| Current investments | 50/53 | €120,925 | €120,925 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,521 | €32,974 | -€7,547 | -18.6% |
| Deferred charges and accrued income | 490/1 | €12,091 | €12,664 | +€573 | +4.7% |
| Total equity and liabilities | 10/49 | €493,382 | €456,711 | -€36,671 | -7.4% |
| Equity | 10/15 | €157,882 | €140,041 | -€17,841 | -11.3% |
| Contributions | 10/11 | €18,600 | €20,000 | +€1,400 | +7.5% |
| Reserves | 13 | €87,449 | €68,189 | -€19,260 | -22.0% |
| Tax-exempt reserves | 132 | €15,589 | €15,589 | = | 0.0% |
| Distributable reserves | 133 | €71,860 | €52,600 | -€19,260 | -26.8% |
| Profit (loss) carried forward | 14 | €51,833 | €51,852 | +€19 | 0.0% |
| Amounts payable | 17/49 | €335,500 | €316,670 | -€18,830 | -5.6% |
| Amounts payable after more than one year | 17 | €185,499 | €149,227 | -€36,272 | -19.6% |
| Financial debts | 170/4 | €185,499 | €149,227 | -€36,272 | -19.6% |
| Amounts payable within one year | 42/48 | €150,001 | €167,354 | +€17,352 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €42,446 | €36,272 | -€6,174 | -14.5% |
| Trade debts | 44 | €12,281 | €6,236 | -€6,046 | -49.2% |
| Suppliers | 440/4 | €12,281 | €6,236 | -€6,046 | -49.2% |
| Taxes, remuneration and social security | 45 | €53,724 | €41,846 | -€11,878 | -22.1% |
| Taxes | 450/3 | €19,307 | €12,578 | -€6,729 | -34.9% |
| Remuneration and social security | 454/9 | €34,417 | €29,268 | -€5,149 | -15.0% |
| Other amounts payable | 47/48 | €41,550 | €83,000 | +€41,450 | +99.8% |
| Accrued charges and deferred income | 492/3 | - | €89 | +€89 | |
| Remuneration, social security and pensions | 62 | €199,446 | €196,006 | -€3,440 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,699 | €41,665 | -€34 | -0.1% |
| Other operating charges | 640/8 | €6,593 | €4,951 | -€1,641 | -24.9% |
| Gross operating margin | 9900 | €292,508 | €275,874 | -€16,634 | -5.7% |
| Operating profit (loss) | 9901 | €44,769 | €33,251 | -€11,518 | -25.7% |
| Financial income | 75/76B | €269 | €341 | +€72 | +26.7% |
| Recurring financial income | 75 | €269 | €341 | +€72 | +26.7% |
| Financial charges | 65/66B | €6,278 | €5,889 | -€389 | -6.2% |
| Recurring financial charges | 65 | €6,278 | €5,889 | -€389 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €38,761 | €27,703 | -€11,058 | -28.5% |
| Income taxes | 67/77 | €15,536 | €13,084 | -€2,452 | -15.8% |
| Profit (loss) for the period | 9904 | €23,225 | €14,619 | -€8,606 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,225 | €14,619 | -€8,606 | -37.1% |
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.