SODA CONSTRUCT: 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.
SODA CONSTRUCT
Largest movements
- Tangible fixed assets -€13,294
down €13,294 (-54.8%), from €24,251 to €10,956
- Receivables after one year -€12,500
down €12,500 (-4.6%), from €272,500 to €260,000
- Receivables within one year -€11,338
down €11,338 (-5.2%), from €218,511 to €207,173
- Debts after one year -€15,770
no longer reported in 2025 (was €15,770)
- Current portion of long-term debt -€14,241
down €14,241 (-62.7%), from €22,722 to €8,481
- Trade debts -€12,740
down €12,740 (-3.2%), from €398,166 to €385,426
- Profit (loss) carried forward +€6,122
up €6,122 (+14.8%), from €41,442 to €47,563
- Gross operating margin +€12,516
up €12,516 (+64.4%), from €19,432 to €31,948
- Financial income -€7,940
down €7,940 (-81.2%), from €9,774 to €1,834
- Depreciation -€4,855
down €4,855 (-26.7%), from €18,149 to €13,294
- Taxes +€3,462
up €3,462 (+69.1%), from €5,007 to €8,469
- Financial charges -€962
down €962 (-21.1%), from €4,551 to €3,588
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €515,261 | €478,129 | -€37,132 | -7.2% |
| Fixed assets | 21/28 | €24,251 | €10,956 | -€13,294 | -54.8% |
| Tangible fixed assets | 22/27 | €24,251 | €10,956 | -€13,294 | -54.8% |
| Furniture and vehicles | 24 | €24,251 | €10,956 | -€13,294 | -54.8% |
| Current assets | 29/58 | €491,011 | €467,173 | -€23,838 | -4.9% |
| Amounts receivable after more than one year | 29 | €272,500 | €260,000 | -€12,500 | -4.6% |
| Other amounts receivable | 291 | €272,500 | €260,000 | -€12,500 | -4.6% |
| Amounts receivable within one year | 40/41 | €218,511 | €207,173 | -€11,338 | -5.2% |
| Other amounts receivable | 41 | €218,511 | €207,173 | -€11,338 | -5.2% |
| Total equity and liabilities | 10/49 | €515,261 | €478,129 | -€37,132 | -7.2% |
| Equity | 10/15 | €49,502 | €55,623 | +€6,122 | +12.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €41,442 | €47,563 | +€6,122 | +14.8% |
| Amounts payable | 17/49 | €465,760 | €422,506 | -€43,254 | -9.3% |
| Amounts payable after more than one year | 17 | €15,770 | - | -€15,770 | |
| Financial debts | 170/4 | €15,770 | - | -€15,770 | |
| Amounts payable within one year | 42/48 | €449,990 | €422,506 | -€27,484 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €22,722 | €8,481 | -€14,241 | -62.7% |
| Financial debts | 43 | €8,284 | €7,781 | -€503 | -6.1% |
| Credit institutions | 430/8 | €8,284 | €7,781 | -€503 | -6.1% |
| Trade debts | 44 | €398,166 | €385,426 | -€12,740 | -3.2% |
| Suppliers | 440/4 | €398,166 | €385,426 | -€12,740 | -3.2% |
| Other amounts payable | 47/48 | €20,818 | €20,818 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,149 | €13,294 | -€4,855 | -26.7% |
| Other operating charges | 640/8 | €2,549 | €2,308 | -€241 | -9.5% |
| Gross operating margin | 9900 | €19,432 | €31,948 | +€12,516 | +64.4% |
| Operating profit (loss) | 9901 | -€1,266 | €16,345 | +€17,612 | |
| Financial income | 75/76B | €9,774 | €1,834 | -€7,940 | -81.2% |
| Recurring financial income | 75 | €9,774 | €1,834 | -€7,940 | -81.2% |
| Financial charges | 65/66B | €4,551 | €3,588 | -€962 | -21.1% |
| Recurring financial charges | 65 | €4,551 | €3,588 | -€962 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €3,957 | €14,591 | +€10,633 | +268.7% |
| Income taxes | 67/77 | €5,007 | €8,469 | +€3,462 | +69.1% |
| Profit (loss) for the period | 9904 | -€1,050 | €6,122 | +€7,171 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,050 | €6,122 | +€7,171 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.