SODADE: 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.
SODADE
Largest movements
- Cash +€43,632
up €43,632 (+21.1%), from €206,987 to €250,619
mainly Net result for the year (+€53,138) and Depreciation (+€2,405)
- Reserves +€53,100
up €53,100 (+44.1%), from €120,300 to €173,400
of which Distributable reserves: +€53,100
- Tax, wage and social debts -€10,337
down €10,337 (-38.6%), from €26,775 to €16,438
of which Taxes: -€18,000
- Other debts -€2,692
down €2,692 (-39.4%), from €6,840 to €4,148
- Gross operating margin -€31,015
down €31,015 (-29.7%), from €104,260 to €73,245
- Taxes -€16,891
down €16,891 (-50.3%), from €33,564 to €16,673
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 | €226,251 | €267,100 | +€40,849 | +18.1% |
| Fixed assets | 21/28 | €3,217 | €812 | -€2,405 | -74.8% |
| Tangible fixed assets | 22/27 | €3,217 | €812 | -€2,405 | -74.8% |
| Furniture and vehicles | 24 | €3,217 | €812 | -€2,405 | -74.8% |
| Current assets | 29/58 | €223,034 | €266,288 | +€43,254 | +19.4% |
| Amounts receivable within one year | 40/41 | €15,670 | €15,669 | -€1 | 0.0% |
| Trade receivables | 40 | €15,670 | €15,669 | -€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €206,987 | €250,619 | +€43,632 | +21.1% |
| Deferred charges and accrued income | 490/1 | €377 | - | -€377 | |
| Total equity and liabilities | 10/49 | €226,251 | €267,100 | +€40,849 | +18.1% |
| Equity | 10/15 | €191,560 | €244,698 | +€53,138 | +27.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €120,300 | €173,400 | +€53,100 | +44.1% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Legal reserve | 130 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €120,100 | €173,200 | +€53,100 | +44.2% |
| Profit (loss) carried forward | 14 | €69,260 | €69,298 | +€38 | +0.1% |
| Amounts payable | 17/49 | €34,691 | €22,402 | -€12,289 | -35.4% |
| Amounts payable within one year | 42/48 | €34,691 | €22,402 | -€12,289 | -35.4% |
| Trade debts | 44 | €1,076 | €1,816 | +€740 | +68.8% |
| Suppliers | 440/4 | €1,076 | €1,816 | +€740 | +68.8% |
| Taxes, remuneration and social security | 45 | €26,775 | €16,438 | -€10,337 | -38.6% |
| Taxes | 450/3 | €24,442 | €6,442 | -€18,000 | -73.6% |
| Remuneration and social security | 454/9 | €2,333 | €9,996 | +€7,663 | +328.5% |
| Other amounts payable | 47/48 | €6,840 | €4,148 | -€2,692 | -39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,751 | €2,405 | -€346 | -12.6% |
| Other operating charges | 640/8 | €994 | €1,023 | +€29 | +2.9% |
| Gross operating margin | 9900 | €104,260 | €73,245 | -€31,015 | -29.7% |
| Operating profit (loss) | 9901 | €100,515 | €69,817 | -€30,698 | -30.5% |
| Financial charges | 65/66B | €99 | €6 | -€93 | -94.0% |
| Recurring financial charges | 65 | €99 | €6 | -€93 | -94.0% |
| Profit (loss) for the period before taxes | 9903 | €100,415 | €69,811 | -€30,604 | -30.5% |
| Income taxes | 67/77 | €33,564 | €16,673 | -€16,891 | -50.3% |
| Profit (loss) for the period | 9904 | €66,851 | €53,138 | -€13,713 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,851 | €53,138 | -€13,713 | -20.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.