SOBELTAX LOCATION: 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.
SOBELTAX LOCATION
Largest movements
- Receivables within one year +€4.5m
up €4.5m (+115%), from €3.9m to €8.4m
of which Other amounts receivable: +€2.7m
- Cash -€1.4m
down €1.4m (-62.5%), from €2.2m to €816,936
mainly Receivables within one year (-€4.5m) and Investment in fixed assets (net) (-€1.5m)
- Tangible fixed assets +€1.2m
up €1.2m (+155%), from €803,383 to €2.0m
of which Furniture and vehicles: +€986,819
- Deferred charges and accrued income +€279,923
up €279,923 (+84.0%), from €333,344 to €613,267
- Current portion of long-term debt +€2.5m
up €2.5m (+172%), from €1.5m to €4.0m
- Other debts +€1.5m
up €1.5m (+31.2%), from €4.8m to €6.3m
- Trade debts +€643,319
up €643,319 (+135%), from €474,860 to €1.1m
- Gross operating margin +€254,104
up €254,104 (+8.2%), from €3.1m to €3.4m
- Staff costs -€176,906
down €176,906 (-13.4%), from €1.3m to €1.1m
- Other operating charges +€176,072
up €176,072 (+11.7%), from €1.5m to €1.7m
- Financial charges +€119,959
up €119,959 (+209%), from €57,312 to €177,271
- Depreciation +€65,354
up €65,354 (+38.2%), from €171,289 to €236,644
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,560,706 | €12,217,602 | +€4.7m | +61.6% |
| Fixed assets | 21/28 | €1,044,996 | €2,287,639 | +€1.2m | +119% |
| Tangible fixed assets | 22/27 | €803,383 | €2,045,926 | +€1.2m | +155% |
| Land and buildings | 22 | €353,946 | €320,317 | -€33,630 | -9.5% |
| Furniture and vehicles | 24 | €434,829 | €1,421,647 | +€986,819 | +227% |
| Other tangible fixed assets | 26 | €5,527 | €21,875 | +€16,347 | +296% |
| Assets under construction and advance payments | 27 | €9,081 | €282,087 | +€273,006 | +3,006% |
| Financial fixed assets | 28 | €241,613 | €241,713 | +€100 | 0.0% |
| Current assets | 29/58 | €6,515,710 | €9,929,964 | +€3.4m | +52.4% |
| Amounts receivable after more than one year | 29 | €93,653 | €93,653 | = | 0.0% |
| Trade receivables | 290 | €93,653 | €93,653 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,909,597 | €8,406,107 | +€4.5m | +115% |
| Trade receivables | 40 | €3,011,457 | €4,813,650 | +€1.8m | +59.8% |
| Other amounts receivable | 41 | €898,140 | €3,592,458 | +€2.7m | +300% |
| Cash at bank and in hand | 54/58 | €2,179,116 | €816,936 | -€1.4m | -62.5% |
| Deferred charges and accrued income | 490/1 | €333,344 | €613,267 | +€279,923 | +84.0% |
| Total equity and liabilities | 10/49 | €7,560,706 | €12,217,602 | +€4.7m | +61.6% |
| Equity | 10/15 | €657,161 | €711,612 | +€54,451 | +8.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €54,890 | €54,890 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,694 | €26,694 | = | 0.0% |
| Distributable reserves | 133 | €21,996 | €21,996 | = | 0.0% |
| Profit (loss) carried forward | 14 | €540,271 | €594,722 | +€54,451 | +10.1% |
| Amounts payable | 17/49 | €6,903,545 | €11,505,990 | +€4.6m | +66.7% |
| Amounts payable after more than one year | 17 | €16,579 | €29,543 | +€12,964 | +78.2% |
| Financial debts | 170/4 | - | €12,964 | +€12,964 | |
| Trade debts | 175 | €16,579 | €16,579 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,876,699 | €11,476,349 | +€4.6m | +66.9% |
| Current portion of amounts payable after more than one year | 42 | €1,465,250 | €3,983,450 | +€2.5m | +172% |
| Trade debts | 44 | €474,860 | €1,118,179 | +€643,319 | +135% |
| Suppliers | 440/4 | €474,860 | €1,118,179 | +€643,319 | +135% |
| Taxes, remuneration and social security | 45 | €121,971 | €55,909 | -€66,062 | -54.2% |
| Remuneration and social security | 454/9 | €121,971 | €55,909 | -€66,062 | -54.2% |
| Other amounts payable | 47/48 | €4,814,618 | €6,318,812 | +€1.5m | +31.2% |
| Accrued charges and deferred income | 492/3 | €10,267 | €98 | -€10,168 | -99.0% |
| Non-recurring operating income | 76A | - | €15,000 | +€15,000 | |
| Remuneration, social security and pensions | 62 | €1,324,784 | €1,147,877 | -€176,906 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,289 | €236,644 | +€65,354 | +38.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,082 | €56,418 | +€50,336 | +828% |
| Other operating charges | 640/8 | €1,503,906 | €1,679,978 | +€176,072 | +11.7% |
| Gross operating margin | 9900 | €3,111,810 | €3,365,914 | +€254,104 | +8.2% |
| Operating profit (loss) | 9901 | €105,749 | €244,996 | +€139,247 | +132% |
| Financial income | 75/76B | €17,407 | €12,327 | -€5,079 | -29.2% |
| Recurring financial income | 75 | €14,108 | €12,327 | -€1,781 | -12.6% |
| Non-recurring financial income | 76B | €3,298 | - | -€3,298 | |
| Financial charges | 65/66B | €57,312 | €177,271 | +€119,959 | +209% |
| Recurring financial charges | 65 | €57,312 | €177,271 | +€119,959 | +209% |
| Profit (loss) for the period before taxes | 9903 | €65,844 | €80,053 | +€14,209 | +21.6% |
| Income taxes | 67/77 | €27,631 | €25,602 | -€2,029 | -7.3% |
| Profit (loss) for the period | 9904 | €38,213 | €54,451 | +€16,238 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,213 | €54,451 | +€16,238 | +42.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.