SOBEMO: 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.
SOBEMO
Largest movements
- Receivables within one year +€285,262
up €285,262 (+35.2%), from €809,372 to €1.1m
of which Trade receivables: +€388,574
- Tangible fixed assets -€207,861
down €207,861 (-21.5%), from €966,858 to €758,997
of which Leasing and similar rights: -€159,721
- Stocks and contracts -€184,203
down €184,203 (-49.0%), from €375,809 to €191,606
- Financial fixed assets -€100,519
down €100,519 (-5.5%), from €1.8m to €1.7m
- Cash +€43,128
up €43,128 (+81.4%), from €52,966 to €96,094
mainly Trade debts (+€678,574) and Depreciation (+€208,772)
- Trade debts +€678,574
up €678,574 (+81.2%), from €835,958 to €1.5m
- Profit (loss) carried forward -€382,344
down €382,344 (-49.6%), from €770,964 to €388,620
- Current portion of long-term debt -€251,694
down €251,694 (-63.9%), from €394,122 to €142,428
- Debts after one year -€164,808
down €164,808 (-26.3%), from €626,827 to €462,019
- Tax, wage and social debts -€107,390
down €107,390 (-52.6%), from €204,328 to €96,938
of which Taxes: -€55,996
- Gross operating margin +€1.6m
up €1.6m (+103.6%), from €1.5m to €3.1m
- Write-downs +€74,842
up €74,842, from -€6,254 to €68,588
- Provisions +€70,923
new in 2025: €70,923
- Financial income -€61,589
down €61,589 (-94.7%), from €65,026 to €3,437
of which Non-recurring financial income: -€64,576
- Taxes -€47,546
down €47,546, from €39,689 to -€7,857
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 | €4,028,377 | €3,865,519 | -€162,858 | -4.0% |
| Fixed assets | 21/28 | €2,778,267 | €2,469,887 | -€308,380 | -11.1% |
| Tangible fixed assets | 22/27 | €966,858 | €758,997 | -€207,861 | -21.5% |
| Land and buildings | 22 | €51,271 | - | -€51,271 | |
| Plant, machinery and equipment | 23 | €190,169 | €176,573 | -€13,596 | -7.1% |
| Furniture and vehicles | 24 | €9,572 | €26,299 | +€16,727 | +174.8% |
| Leasing and similar rights | 25 | €715,846 | €556,125 | -€159,721 | -22.3% |
| Financial fixed assets | 28 | €1,811,409 | €1,710,890 | -€100,519 | -5.5% |
| Current assets | 29/58 | €1,250,110 | €1,395,632 | +€145,522 | +11.6% |
| Stocks and contracts in progress | 3 | €375,809 | €191,606 | -€184,203 | -49.0% |
| Stocks | 30/36 | €375,809 | €191,606 | -€184,203 | -49.0% |
| Amounts receivable within one year | 40/41 | €809,372 | €1,094,634 | +€285,262 | +35.2% |
| Trade receivables | 40 | €648,734 | €1,037,308 | +€388,574 | +59.9% |
| Other amounts receivable | 41 | €160,638 | €57,325 | -€103,313 | -64.3% |
| Cash at bank and in hand | 54/58 | €52,966 | €96,094 | +€43,128 | +81.4% |
| Deferred charges and accrued income | 490/1 | €11,963 | €13,298 | +€1,335 | +11.2% |
| Total equity and liabilities | 10/49 | €4,028,377 | €3,865,519 | -€162,858 | -4.0% |
| Equity | 10/15 | €1,736,263 | €1,353,918 | -€382,345 | -22.0% |
| Contributions | 10/11 | €708,797 | €708,797 | -€0 | 0.0% |
| Capital | 10 | €708,797 | €708,797 | -€0 | 0.0% |
| Issued capital | 100 | €708,797 | €708,797 | -€0 | 0.0% |
| Revaluation surpluses | 12 | €89,962 | - | -€89,962 | |
| Reserves | 13 | €110,880 | €200,841 | +€89,961 | +81.1% |
| Non-distributable reserves | 130/1 | €110,880 | €110,880 | -€0 | 0.0% |
| Legal reserve | 130 | €110,880 | €110,880 | -€0 | 0.0% |
| Distributable reserves | 133 | - | €89,962 | +€89,962 | |
| Profit (loss) carried forward | 14 | €770,964 | €388,620 | -€382,344 | -49.6% |
| Investment grants | 15 | €55,660 | €55,660 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €70,923 | +€70,923 | |
| Provisions for liabilities and charges | 160/5 | - | €70,923 | +€70,923 | |
| Other liabilities and charges | 164/5 | - | €70,923 | +€70,923 | |
| Amounts payable | 17/49 | €2,292,114 | €2,440,679 | +€148,565 | +6.5% |
| Amounts payable after more than one year | 17 | €626,827 | €462,019 | -€164,808 | -26.3% |
| Financial debts | 170/4 | €626,827 | €462,019 | -€164,808 | -26.3% |
| Amounts payable within one year | 42/48 | €1,569,945 | €1,976,108 | +€406,163 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €394,122 | €142,428 | -€251,694 | -63.9% |
| Financial debts | 43 | - | €4,419 | +€4,419 | |
| Credit institutions | 430/8 | - | €4,419 | +€4,419 | |
| Trade debts | 44 | €835,958 | €1,514,532 | +€678,574 | +81.2% |
| Suppliers | 440/4 | €835,958 | €1,514,532 | +€678,574 | +81.2% |
| Taxes, remuneration and social security | 45 | €204,328 | €96,938 | -€107,390 | -52.6% |
| Taxes | 450/3 | €61,812 | €5,816 | -€55,996 | -90.6% |
| Remuneration and social security | 454/9 | €142,516 | €91,122 | -€51,394 | -36.1% |
| Other amounts payable | 47/48 | €135,537 | €217,791 | +€82,254 | +60.7% |
| Accrued charges and deferred income | 492/3 | €95,342 | €2,551 | -€92,791 | -97.3% |
| Non-recurring operating income | 76A | - | €1,659,066 | +€1.7m | |
| Remuneration, social security and pensions | 62 | €1,061,412 | €1,064,708 | +€3,296 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,509 | €208,772 | +€27,263 | +15.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,254 | €68,588 | +€74,842 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €70,923 | +€70,923 | |
| Other operating charges | 640/8 | €53,147 | €50,575 | -€2,572 | -4.8% |
| Non-recurring operating charges | 66A | €38,287 | €1,933,612 | +€1.9m | +4950.3% |
| Gross operating margin | 9900 | €1,513,769 | €3,081,487 | +€1.6m | +103.6% |
| Operating profit (loss) | 9901 | €185,668 | -€315,690 | -€501,358 | |
| Financial income | 75/76B | €65,026 | €3,437 | -€61,589 | -94.7% |
| Recurring financial income | 75 | €450 | €3,437 | +€2,987 | +663.7% |
| Non-recurring financial income | 76B | €64,576 | - | -€64,576 | |
| Financial charges | 65/66B | €95,126 | €77,907 | -€17,219 | -18.1% |
| Recurring financial charges | 65 | €95,126 | €77,907 | -€17,219 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €155,568 | -€390,161 | -€545,729 | |
| Income taxes | 67/77 | €39,689 | -€7,857 | -€47,546 | |
| Profit (loss) for the period | 9904 | €115,879 | -€382,304 | -€498,183 | |
| Profit (loss) for the period to be appropriated | 9905 | €115,879 | -€382,304 | -€498,183 |
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 1 October 2026 via checked.be.