SOBENOR: 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.
SOBENOR
Largest movements
- Current investments +€1.4m
up €1.4m (+119.8%), from €1.2m to €2.6m
- Receivables within one year +€141,176
up €141,176 (+954.0%), from €14,799 to €155,975
of which Other amounts receivable: +€145,145
- Tangible fixed assets -€94,987
down €94,987 (-44.6%), from €213,029 to €118,043
of which Land and buildings: -€157,982
- Cash +€82,207
up €82,207 (+277.9%), from €29,577 to €111,784
mainly Net result for the year (+€1.4m) and Tax, wage and social debts (+€118,418)
- Reserves +€1.3m
up €1.3m (+334.6%), from €379,580 to €1.6m
of which Distributable reserves: +€1.3m
- Profit (loss) carried forward +€130,138
up €130,138 (+28.4%), from €457,611 to €587,749
- Tax, wage and social debts +€118,418
up €118,418 (+529.7%), from €22,356 to €140,774
- Gross operating margin +€1.9m
up €1.9m (+939.5%), from €204,788 to €2.1m
- Taxes +€595,722
up €595,722 (+1195.6%), from €49,828 to €645,550
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 | €1,435,374 | €2,939,491 | +€1.5m | +104.8% |
| Fixed assets | 21/28 | €229,065 | €118,192 | -€110,873 | -48.4% |
| Intangible fixed assets | 21 | €15,886 | - | -€15,886 | |
| Tangible fixed assets | 22/27 | €213,029 | €118,043 | -€94,987 | -44.6% |
| Land and buildings | 22 | €162,318 | €4,336 | -€157,982 | -97.3% |
| Furniture and vehicles | 24 | €50,712 | €113,706 | +€62,995 | +124.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €1,206,309 | €2,821,299 | +€1.6m | +133.9% |
| Amounts receivable within one year | 40/41 | €14,799 | €155,975 | +€141,176 | +954.0% |
| Trade receivables | 40 | €4,114 | €145 | -€3,969 | -96.5% |
| Other amounts receivable | 41 | €10,685 | €155,830 | +€145,145 | +1358.4% |
| Current investments | 50/53 | €1,161,933 | €2,553,541 | +€1.4m | +119.8% |
| Cash at bank and in hand | 54/58 | €29,577 | €111,784 | +€82,207 | +277.9% |
| Total equity and liabilities | 10/49 | €1,435,374 | €2,939,491 | +€1.5m | +104.8% |
| Equity | 10/15 | €1,332,991 | €2,733,129 | +€1.4m | +105.0% |
| Contributions | 10/11 | €495,800 | €495,800 | = | 0.0% |
| Capital | 10 | €495,800 | €495,800 | = | 0.0% |
| Issued capital | 100 | €495,800 | €495,800 | = | 0.0% |
| Reserves | 13 | €379,580 | €1,649,580 | +€1.3m | +334.6% |
| Non-distributable reserves | 130/1 | €49,580 | €49,580 | = | 0.0% |
| Legal reserve | 130 | €49,580 | €49,580 | = | 0.0% |
| Distributable reserves | 133 | €330,000 | €1,600,000 | +€1.3m | +384.8% |
| Profit (loss) carried forward | 14 | €457,611 | €587,749 | +€130,138 | +28.4% |
| Amounts payable | 17/49 | €102,384 | €206,362 | +€103,979 | +101.6% |
| Amounts payable within one year | 42/48 | €94,119 | €206,362 | +€112,244 | +119.3% |
| Trade debts | 44 | €13,618 | €7,731 | -€5,887 | -43.2% |
| Suppliers | 440/4 | €13,618 | €7,731 | -€5,887 | -43.2% |
| Taxes, remuneration and social security | 45 | €22,356 | €140,774 | +€118,418 | +529.7% |
| Taxes | 450/3 | €22,356 | €140,774 | +€118,418 | +529.7% |
| Other amounts payable | 47/48 | €58,144 | €57,857 | -€287 | -0.5% |
| Accrued charges and deferred income | 492/3 | €8,265 | - | -€8,265 | |
| Non-recurring operating income | 76A | - | €2,000,105 | +€2.0m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,342 | €45,948 | -€16,394 | -26.3% |
| Other operating charges | 640/8 | €22,856 | €27,034 | +€4,178 | +18.3% |
| Gross operating margin | 9900 | €204,788 | €2,128,798 | +€1.9m | +939.5% |
| Operating profit (loss) | 9901 | €119,590 | €2,055,816 | +€1.9m | +1619.1% |
| Financial income | 75/76B | €36,065 | €19,873 | -€16,192 | -44.9% |
| Recurring financial income | 75 | €36,065 | €19,873 | -€16,192 | -44.9% |
| Financial charges | 65/66B | €1 | €1 | -€0 | -3.7% |
| Recurring financial charges | 65 | €1 | €1 | -€0 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €155,654 | €2,075,688 | +€1.9m | +1233.5% |
| Income taxes | 67/77 | €49,828 | €645,550 | +€595,722 | +1195.6% |
| Profit (loss) for the period | 9904 | €105,826 | €1,430,138 | +€1.3m | +1251.4% |
| Profit (loss) for the period to be appropriated | 9905 | €105,826 | €1,430,138 | +€1.3m | +1251.4% |
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.