SOBELRI: 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.
SOBELRI
Largest movements
- Cash +€42,330
up €42,330 (+20.2%), from €209,360 to €251,690
mainly Net result for the year (+€96,269) and Depreciation (+€35,213)
- Intangible fixed assets -€30,000
down €30,000 (-80.0%), from €37,500 to €7,500
- Tangible fixed assets -€5,213
down €5,213 (-35.3%), from €14,770 to €9,557
- Debts after one year -€26,005
down €26,005 (-60.1%), from €43,260 to €17,254
- Reserves +€21,269
up €21,269 (+8.3%), from €256,649 to €277,918
- Tax, wage and social debts +€8,580
up €8,580 (+97.0%), from €8,847 to €17,427
of which Remuneration and social security: +€4,856
- Trade debts +€5,097
up €5,097 (+128.4%), from €3,968 to €9,064
- Staff costs +€39,712
new in 2025: €39,712
- Gross operating margin +€23,559
up €23,559 (+13.0%), from €180,975 to €204,534
- Taxes -€7,476
down €7,476 (-19.2%), from €38,876 to €31,400
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 | €320,733 | €327,664 | +€6,931 | +2.2% |
| Fixed assets | 21/28 | €53,070 | €18,057 | -€35,013 | -66.0% |
| Intangible fixed assets | 21 | €37,500 | €7,500 | -€30,000 | -80.0% |
| Tangible fixed assets | 22/27 | €14,770 | €9,557 | -€5,213 | -35.3% |
| Furniture and vehicles | 24 | €14,770 | €9,557 | -€5,213 | -35.3% |
| Financial fixed assets | 28 | €800 | €1,000 | +€200 | +25.0% |
| Current assets | 29/58 | €267,663 | €309,607 | +€41,944 | +15.7% |
| Amounts receivable within one year | 40/41 | €58,303 | €57,917 | -€386 | -0.7% |
| Trade receivables | 40 | €54,063 | €49,317 | -€4,745 | -8.8% |
| Other amounts receivable | 41 | €4,240 | €8,600 | +€4,360 | +102.8% |
| Cash at bank and in hand | 54/58 | €209,360 | €251,690 | +€42,330 | +20.2% |
| Total equity and liabilities | 10/49 | €320,733 | €327,664 | +€6,931 | +2.2% |
| Equity | 10/15 | €262,649 | €283,918 | +€21,269 | +8.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €256,649 | €277,918 | +€21,269 | +8.3% |
| Distributable reserves | 133 | €256,649 | €277,918 | +€21,269 | +8.3% |
| Amounts payable | 17/49 | €58,084 | €43,746 | -€14,338 | -24.7% |
| Amounts payable after more than one year | 17 | €43,260 | €17,254 | -€26,005 | -60.1% |
| Financial debts | 170/4 | €43,260 | €17,254 | -€26,005 | -60.1% |
| Amounts payable within one year | 42/48 | €14,824 | €26,492 | +€11,668 | +78.7% |
| Trade debts | 44 | €3,968 | €9,064 | +€5,097 | +128.4% |
| Suppliers | 440/4 | €3,968 | €9,064 | +€5,097 | +128.4% |
| Taxes, remuneration and social security | 45 | €8,847 | €17,427 | +€8,580 | +97.0% |
| Taxes | 450/3 | €8,847 | €12,571 | +€3,724 | +42.1% |
| Remuneration and social security | 454/9 | - | €4,856 | +€4,856 | |
| Other amounts payable | 47/48 | €2,009 | - | -€2,009 | |
| Remuneration, social security and pensions | 62 | - | €39,712 | +€39,712 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,213 | €35,213 | = | 0.0% |
| Other operating charges | 640/8 | €1,202 | €1,348 | +€146 | +12.1% |
| Gross operating margin | 9900 | €180,975 | €204,534 | +€23,559 | +13.0% |
| Operating profit (loss) | 9901 | €144,560 | €128,261 | -€16,299 | -11.3% |
| Financial income | 75/76B | €94 | €362 | +€268 | +286.4% |
| Recurring financial income | 75 | €94 | €362 | +€268 | +286.4% |
| Financial charges | 65/66B | €989 | €954 | -€35 | -3.5% |
| Recurring financial charges | 65 | €989 | €954 | -€35 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €143,665 | €127,669 | -€15,996 | -11.1% |
| Income taxes | 67/77 | €38,876 | €31,400 | -€7,476 | -19.2% |
| Profit (loss) for the period | 9904 | €104,789 | €96,269 | -€8,520 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €104,789 | €96,269 | -€8,520 | -8.1% |
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.