SOBEPAR: 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.
What changed
SOBEPAR
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€32,551
2024 · €8,985+€23,566
Equity
-€181,181
2024 · -€213,732+€32,551
Cash
€1,287
2024 · €342+€945
Balance sheet total
€1.6m
2024 · €1.6m+€48,656
Largest movements
Assets
- Tangible fixed assets +€76,849
up €76,849 (+5.7%), from €1.4m to €1.4m
of which Assets under construction and advance payments: +€94,462
- Receivables within one year -€24,544
down €24,544 (-67.3%), from €36,453 to €11,909
of which Other amounts receivable: -€13,410
Equity and liabilities
- Trade debts +€44,772
up €44,772 (+97.4%), from €45,984 to €90,756
- Profit (loss) carried forward +€32,551
up €32,551 (+14.7%), from -€221,312 to -€188,761
Income statement
- Gross operating margin +€25,760
up €25,760 (+60.8%), from €42,373 to €68,134
- Taxes +€2,587
new in 2025: €2,587
- Other operating charges +€1,075
up €1,075 (+18.5%), from €5,823 to €6,897
- Financial charges +€909
up €909 (+12.0%), from €7,576 to €8,485
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.
Result 2024
€8,985
Gross operating margin
+€25,760
Other operating charges
-€1,075
Other operating items
+€2,376
Financial charges
-€909
Taxes
-€2,587
Result 2025
€32,551
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.
From operations
+€116,105
Investment
-€89,462
Financing
-€25,698
Cash 2024
€342
From operations (derived)
+€116,105
Net result for the year
+€32,551
Depreciation
+€17,614
Receivables within one year
+€24,544
Deferred charges and accrued income
-€407
Trade debts
+€44,772
Tax, wage and social debts
+€1,515
Other debts
-€8,360
Accrued charges and deferred income
+€3,876
Investment (derived)
-€89,462
Investment in fixed assets (net)
-€89,462
Financing
-€25,698
Debts after one year
-€12,303
Current portion of long-term debt
-€291
Short-term financial debts
-€13,104
Cash 2025
€1,287
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,593,939 | €1,642,595 | +€48,656 | +3.1% |
| Fixed assets | 21/28 | €1,368,869 | €1,440,718 | +€71,849 | +5.2% |
| Tangible fixed assets | 22/27 | €1,358,869 | €1,435,718 | +€76,849 | +5.7% |
| Land and buildings | 22 | €285,128 | €267,514 | -€17,614 | -6.2% |
| Assets under construction and advance payments | 27 | €1,073,742 | €1,168,204 | +€94,462 | +8.8% |
| Financial fixed assets | 28 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Current assets | 29/58 | €225,069 | €201,877 | -€23,192 | -10.3% |
| Stocks and contracts in progress | 3 | €186,283 | €186,283 | = | 0.0% |
| Stocks | 30/36 | €186,283 | €186,283 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,453 | €11,909 | -€24,544 | -67.3% |
| Trade receivables | 40 | €23,043 | €11,909 | -€11,134 | -48.3% |
| Other amounts receivable | 41 | €13,410 | €0 | -€13,410 | -100.0% |
| Cash at bank and in hand | 54/58 | €342 | €1,287 | +€945 | +276.3% |
| Deferred charges and accrued income | 490/1 | €1,991 | €2,398 | +€407 | +20.4% |
| Total equity and liabilities | 10/49 | €1,593,939 | €1,642,595 | +€48,656 | +3.1% |
| Equity | 10/15 | -€213,732 | -€181,181 | +€32,551 | +15.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,380 | €1,380 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,380 | €1,380 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,380 | €1,380 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€221,312 | -€188,761 | +€32,551 | +14.7% |
| Amounts payable | 17/49 | €1,807,670 | €1,823,776 | +€16,106 | +0.9% |
| Amounts payable after more than one year | 17 | €137,505 | €125,202 | -€12,303 | -8.9% |
| Financial debts | 170/4 | €133,340 | €121,037 | -€12,303 | -9.2% |
| Other amounts payable | 178/9 | €4,165 | €4,165 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,667,392 | €1,691,925 | +€24,532 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €12,593 | €12,303 | -€291 | -2.3% |
| Financial debts | 43 | €733,104 | €720,000 | -€13,104 | -1.8% |
| Credit institutions | 430/8 | €733,104 | €720,000 | -€13,104 | -1.8% |
| Trade debts | 44 | €45,984 | €90,756 | +€44,772 | +97.4% |
| Suppliers | 440/4 | €45,984 | €90,756 | +€44,772 | +97.4% |
| Taxes, remuneration and social security | 45 | - | €1,515 | +€1,515 | |
| Taxes | 450/3 | - | €1,515 | +€1,515 | |
| Other amounts payable | 47/48 | €875,711 | €867,350 | -€8,360 | -1.0% |
| Accrued charges and deferred income | 492/3 | €2,774 | €6,650 | +€3,876 | +139.7% |
| Non-recurring operating income | 76A | €2,049 | €1,150 | -€899 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,614 | €17,614 | = | 0.0% |
| Other operating charges | 640/8 | €5,823 | €6,897 | +€1,075 | +18.5% |
| Non-recurring operating charges | 66A | €2,376 | €0 | -€2,376 | -100.0% |
| Gross operating margin | 9900 | €42,373 | €68,134 | +€25,760 | +60.8% |
| Operating profit (loss) | 9901 | €16,561 | €43,623 | +€27,062 | +163.4% |
| Financial charges | 65/66B | €7,576 | €8,485 | +€909 | +12.0% |
| Recurring financial charges | 65 | €7,576 | €8,485 | +€909 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €8,985 | €35,137 | +€26,152 | +291.1% |
| Income taxes | 67/77 | - | €2,587 | +€2,587 | |
| Profit (loss) for the period | 9904 | €8,985 | €32,551 | +€23,566 | +262.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,985 | €32,551 | +€23,566 | +262.3% |
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 9 October 2026 via checked.be.