SODANEX: 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.
SODANEX
Largest movements
- Current assets -€29,635
down €29,635 (-23.1%), from €128,373 to €98,738
of which Cash: -€79,254
- Intangible fixed assets -€21,310
down €21,310 (-14.3%), from €149,173 to €127,863
- Tangible fixed assets -€5,230
down €5,230 (-9.2%), from €56,547 to €51,317
- Profit (loss) carried forward -€103,595
down €103,595 (-119%), from -€86,909 to -€190,504
- Debts after one year +€80,502
new in 2020: €80,502
- Debts within one year -€33,082
down €33,082 (-18.7%), from €177,139 to €144,057
- Gross operating margin -€505,269
down €505,269 (-75.2%), from €672,195 to €166,926
From the 2019 result to the 2020 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
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 | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €353,329 | €297,154 | -€56,175 | -15.9% |
| Fixed assets | 21/28 | €224,956 | €198,416 | -€26,540 | -11.8% |
| Intangible fixed assets | 21 | €149,173 | €127,863 | -€21,310 | -14.3% |
| Tangible fixed assets | 22/27 | €56,547 | €51,317 | -€5,230 | -9.2% |
| Financial fixed assets | 28 | €19,236 | €19,236 | = | 0.0% |
| Current assets | 29/58 | €128,373 | €98,738 | -€29,635 | -23.1% |
| Stocks and contracts in progress | 3 | €12,662 | €5,506 | -€7,156 | -56.5% |
| Amounts receivable within one year | 40/41 | €3,020 | €84,175 | +€81,155 | +2,687% |
| Cash at bank and in hand | 54/58 | €88,311 | €9,057 | -€79,254 | -89.7% |
| Total equity and liabilities | 10/49 | €353,329 | €297,154 | -€56,175 | -15.9% |
| Equity | 10/15 | €176,190 | €72,595 | -€103,595 | -58.8% |
| Contributions | 10/11 | €260,000 | €260,000 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,909 | -€190,504 | -€103,595 | -119% |
| Amounts payable | 17/49 | €177,139 | €224,559 | +€47,420 | +26.8% |
| Amounts payable after more than one year | 17 | - | €80,502 | +€80,502 | |
| Amounts payable within one year | 42/48 | €177,139 | €144,057 | -€33,082 | -18.7% |
| Trade debts | 44 | €57,031 | €5,239 | -€51,792 | -90.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,020 | €41,778 | +€2,758 | +7.1% |
| Gross operating margin | 9900 | €672,195 | €166,926 | -€505,269 | -75.2% |
| Operating profit (loss) | 9901 | €13,326 | -€97,211 | -€110,537 | |
| Recurring financial charges | 65 | €12,786 | €6,384 | -€6,402 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €540 | -€103,595 | -€104,135 | |
| Profit (loss) for the period | 9904 | €540 | -€103,595 | -€104,135 | |
| Profit (loss) for the period to be appropriated | 9905 | €540 | -€103,595 | -€104,135 |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.