Sjodekon: 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.
Sjodekon
Largest movements
- Cash -€66,935
down €66,935 (-60.7%), from €110,211 to €43,276
mainly Contributions, distributions and other (-€114,505) and Tax, wage and social debts (-€19,507)
- Receivables within one year +€13,387
up €13,387 (+196%), from €6,827 to €20,214
of which Trade receivables: +€14,755
- Reserves -€33,059
down €33,059 (-28.9%), from €114,505 to €81,445
- Tax, wage and social debts -€19,507
down €19,507 (-73.0%), from €26,710 to €7,203
- Gross operating margin -€8,731
down €8,731 (-7.1%), from €123,018 to €114,287
- Taxes -€2,762
down €2,762 (-11.4%), from €24,292 to €21,530
- Financial income -€2,416
down €2,416 (-92.2%), from €2,620 to €204
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,899 | €91,117 | -€52,782 | -36.7% |
| Fixed assets | 21/28 | €23,835 | €24,485 | +€650 | +2.7% |
| Tangible fixed assets | 22/27 | €23,535 | €24,185 | +€650 | +2.8% |
| Furniture and vehicles | 24 | €23,535 | €24,185 | +€650 | +2.8% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €120,063 | €66,632 | -€53,432 | -44.5% |
| Amounts receivable within one year | 40/41 | €6,827 | €20,214 | +€13,387 | +196% |
| Trade receivables | 40 | €285 | €15,040 | +€14,755 | +5,171% |
| Other amounts receivable | 41 | €6,542 | €5,174 | -€1,368 | -20.9% |
| Cash at bank and in hand | 54/58 | €110,211 | €43,276 | -€66,935 | -60.7% |
| Deferred charges and accrued income | 490/1 | €3,025 | €3,142 | +€116 | +3.8% |
| Total equity and liabilities | 10/49 | €143,899 | €91,117 | -€52,782 | -36.7% |
| Equity | 10/15 | €116,505 | €83,445 | -€33,059 | -28.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €114,505 | €81,445 | -€33,059 | -28.9% |
| Distributable reserves | 133 | €114,505 | €81,445 | -€33,059 | -28.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,394 | €7,671 | -€19,723 | -72.0% |
| Amounts payable within one year | 42/48 | €27,394 | €7,671 | -€19,723 | -72.0% |
| Trade debts | 44 | €684 | €468 | -€216 | -31.6% |
| Suppliers | 440/4 | €684 | €468 | -€216 | -31.6% |
| Taxes, remuneration and social security | 45 | €26,710 | €7,203 | -€19,507 | -73.0% |
| Taxes | 450/3 | €26,710 | €7,203 | -€19,507 | -73.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,242 | €10,242 | +€1,000 | +10.8% |
| Other operating charges | 640/8 | €442 | €885 | +€444 | +100% |
| Gross operating margin | 9900 | €123,018 | €114,287 | -€8,731 | -7.1% |
| Operating profit (loss) | 9901 | €113,335 | €103,160 | -€10,174 | -9.0% |
| Financial income | 75/76B | €2,620 | €204 | -€2,416 | -92.2% |
| Recurring financial income | 75 | €2,620 | €204 | -€2,416 | -92.2% |
| Financial charges | 65/66B | €39 | €389 | +€350 | +896% |
| Recurring financial charges | 65 | €39 | €389 | +€350 | +896% |
| Profit (loss) for the period before taxes | 9903 | €115,916 | €102,976 | -€12,940 | -11.2% |
| Income taxes | 67/77 | €24,292 | €21,530 | -€2,762 | -11.4% |
| Profit (loss) for the period | 9904 | €91,623 | €81,445 | -€10,178 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €91,623 | €81,445 | -€10,178 | -11.1% |
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 23 October 2026 via checked.be.