SOBINCO: 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
SOBINCO
NACE 25.120, Manufacture of fabricated metal products, except machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€9.5m
2024 · €9.1m+€398,776
Equity
€21.7m
2024 · €21.2m+€515,274
Cash
€4.3m
2024 · €2.6m+€1.7m
Balance sheet total
€38.8m
2024 · €41.5m-€2.7m
Largest movements
Assets
- Receivables within one year -€5.8m
down €5.8m (-46.7%), from €12.4m to €6.6m
of which Trade receivables: -€5.8m
- Cash +€1.7m
up €1.7m (+63.8%), from €2.6m to €4.3m
mainly Net result for the year (+€9.5m) and Receivables within one year (+€5.8m)
- Current investments +€1.2m
up €1.2m (+1,052%), from €111,064 to €1.3m
Equity and liabilities
- Other debts -€2.8m
down €2.8m (-23.7%), from €11.8m to €9.0m
- Profit (loss) carried forward +€515,274
up €515,274 (+108%), from €478,015 to €993,289
- Trade debts -€440,457
down €440,457 (-8.9%), from €5.0m to €4.5m
Income statement
- Services and other goods +€3.4m
up €3.4m (+24.6%), from €13.8m to €17.2m
- Turnover +€2.5m
up €2.5m (+3.4%), from €73.2m to €75.7m
- Goods and materials +€1.4m
up €1.4m (+5.3%), from €26.8m to €28.2m
of which Change in stocks: decrease (increase): +€1.9m
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
€9.1m
Turnover
+€2.5m
Other operating income
-€102,685
Goods and materials
-€1.4m
Services and other goods
-€3.4m
Staff costs
-€412,121
Depreciation
-€338,229
Write-downs
-€4,852
Other operating charges
+€13,973
Other operating items
+€3.9m
Financial income
-€32,345
Financial charges
-€149,282
Taxes
-€128,881
Result 2025
€9.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
+€14.0m
Investment
-€3.3m
Financing
-€9.0m
Cash 2024
€2.6m
From operations (derived)
+€14.0m
Net result for the year
+€9.5m
Depreciation
+€1.9m
Stocks and contracts
+€44,721
Receivables within one year
+€5.8m
Deferred charges and accrued income
-€74,025
Trade debts
-€440,457
Tax, wage and social debts
+€71,627
Other debts
-€2.8m
Accrued charges and deferred income
-€5,718
Investment (derived)
-€3.3m
Investment in fixed assets (net)
-€2.2m
Current investments
-€1.2m
Financing
-€9.0m
Contributions, distributions and other
-€9.0m
Cash 2025
€4.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,497,264 | €38,837,989 | -€2.7m | -6.4% |
| Fixed assets | 21/28 | €5,266,426 | €5,515,029 | +€248,603 | +4.7% |
| Intangible fixed assets | 21 | €481,064 | €575,145 | +€94,080 | +19.6% |
| Tangible fixed assets | 22/27 | €4,722,861 | €4,877,384 | +€154,523 | +3.3% |
| Plant, machinery and equipment | 23 | €3,620,308 | €3,378,120 | -€242,188 | -6.7% |
| Furniture and vehicles | 24 | €482,567 | €795,623 | +€313,056 | +64.9% |
| Other tangible fixed assets | 26 | €619,986 | €703,642 | +€83,655 | +13.5% |
| Financial fixed assets | 28 | €62,500 | €62,500 | = | 0.0% |
| Affiliated companies | 280/1 | €62,500 | €62,500 | = | 0.0% |
| Participating interests | 280 | €62,500 | €62,500 | = | 0.0% |
| Current assets | 29/58 | €36,230,837 | €33,322,960 | -€2.9m | -8.0% |
| Stocks and contracts in progress | 3 | €20,797,963 | €20,753,242 | -€44,721 | -0.2% |
| Stocks | 30/36 | €20,797,963 | €20,753,242 | -€44,721 | -0.2% |
| Raw materials and consumables | 30/31 | €11,145,375 | €10,417,768 | -€727,607 | -6.5% |
| Work in progress | 32 | €1,152,592 | €1,271,348 | +€118,756 | +10.3% |
| Finished goods | 33 | €8,499,996 | €9,064,125 | +€564,130 | +6.6% |
| Amounts receivable within one year | 40/41 | €12,382,272 | €6,600,724 | -€5.8m | -46.7% |
| Trade receivables | 40 | €12,273,474 | €6,451,685 | -€5.8m | -47.4% |
| Other amounts receivable | 41 | €108,799 | €149,039 | +€40,241 | +37.0% |
| Current investments | 50/53 | €111,064 | €1,279,220 | +€1.2m | +1,052% |
| Other investments | 51/53 | €111,064 | €1,279,220 | +€1.2m | +1,052% |
| Cash at bank and in hand | 54/58 | €2,625,731 | €4,301,940 | +€1.7m | +63.8% |
| Deferred charges and accrued income | 490/1 | €313,807 | €387,833 | +€74,025 | +23.6% |
| Total equity and liabilities | 10/49 | €41,497,264 | €38,837,989 | -€2.7m | -6.4% |
| Equity | 10/15 | €21,200,493 | €21,715,767 | +€515,274 | +2.4% |
| Contributions | 10/11 | €2,289,400 | €2,289,400 | = | 0.0% |
| Capital | 10 | €2,289,400 | €2,289,400 | = | 0.0% |
| Issued capital | 100 | €2,289,400 | €2,289,400 | = | 0.0% |
| Reserves | 13 | €18,433,078 | €18,433,078 | = | 0.0% |
| Non-distributable reserves | 130/1 | €232,720 | €232,720 | = | 0.0% |
| Legal reserve | 130 | €228,940 | €228,940 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,780 | €3,780 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,114,718 | €10,114,718 | = | 0.0% |
| Distributable reserves | 133 | €8,085,639 | €8,085,639 | = | 0.0% |
| Profit (loss) carried forward | 14 | €478,015 | €993,289 | +€515,274 | +108% |
| Amounts payable | 17/49 | €20,296,771 | €17,122,222 | -€3.2m | -15.6% |
| Amounts payable within one year | 42/48 | €20,277,395 | €17,108,565 | -€3.2m | -15.6% |
| Trade debts | 44 | €4,957,792 | €4,517,334 | -€440,457 | -8.9% |
| Suppliers | 440/4 | €4,957,792 | €4,517,334 | -€440,457 | -8.9% |
| Advances received on contracts in progress | 46 | €18,025 | €18,025 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,501,579 | €3,573,205 | +€71,627 | +2.0% |
| Taxes | 450/3 | €1,132,136 | €1,138,946 | +€6,810 | +0.6% |
| Remuneration and social security | 454/9 | €2,369,442 | €2,434,259 | +€64,817 | +2.7% |
| Other amounts payable | 47/48 | €11,800,000 | €9,000,000 | -€2.8m | -23.7% |
| Accrued charges and deferred income | 492/3 | €19,375 | €13,658 | -€5,718 | -29.5% |
| Operating income | 70/76A | €73,495,967 | €79,771,849 | +€6.3m | +8.5% |
| Turnover | 70 | €73,193,797 | €75,713,410 | +€2.5m | +3.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€932,538 | €682,886 | +€1.6m | |
| Other operating income | 74 | €1,234,437 | €1,131,752 | -€102,685 | -8.3% |
| Non-recurring operating income | 76A | €271 | €2,243,801 | +€2.2m | +826,376% |
| Operating charges | 60/66A | €61,372,096 | €66,938,695 | +€5.6m | +9.1% |
| Goods for resale, raw materials and consumables | 60 | €26,804,352 | €28,233,840 | +€1.4m | +5.3% |
| Purchases | 600/8 | €27,938,742 | €27,506,233 | -€432,509 | -1.5% |
| Change in stocks: decrease (increase) | 609 | -€1,134,390 | €727,607 | +€1.9m | |
| Services and other goods | 61 | €13,814,040 | €17,209,923 | +€3.4m | +24.6% |
| Remuneration, social security and pensions | 62 | €19,111,114 | €19,523,235 | +€412,121 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,592,061 | €1,930,291 | +€338,229 | +21.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €415 | €5,267 | +€4,852 | +1,168% |
| Other operating charges | 640/8 | €50,112 | €36,139 | -€13,973 | -27.9% |
| Operating profit (loss) | 9901 | €12,123,871 | €12,833,154 | +€709,283 | +5.9% |
| Financial income | 75/76B | €206,881 | €174,537 | -€32,345 | -15.6% |
| Recurring financial income | 75 | €206,881 | €174,537 | -€32,345 | -15.6% |
| Income from current assets | 751 | €13,739 | €27,365 | +€13,626 | +99.2% |
| Other financial income | 752/9 | €193,142 | €147,172 | -€45,971 | -23.8% |
| Financial charges | 65/66B | €862,015 | €1,011,297 | +€149,282 | +17.3% |
| Recurring financial charges | 65 | €862,015 | €1,011,297 | +€149,282 | +17.3% |
| Debt charges | 650 | €2,296 | €5,125 | +€2,828 | +123% |
| Other financial charges | 652/9 | €859,719 | €1,006,173 | +€146,454 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €11,468,737 | €11,996,394 | +€527,657 | +4.6% |
| Income taxes | 67/77 | €2,352,239 | €2,481,120 | +€128,881 | +5.5% |
| Taxes | 670/3 | €2,352,239 | €2,481,120 | +€128,881 | +5.5% |
| Profit (loss) for the period | 9904 | €9,116,498 | €9,515,274 | +€398,776 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,116,498 | €9,515,274 | +€398,776 | +4.4% |
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 14 October 2026 via checked.be.