Sode: 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.
Sode
Largest movements
- Cash +€98,615
up €98,615 (+11.2%), from €881,876 to €980,491
mainly Net result for the year (+€63,592) and Other debts (+€16,386)
- Reserves +€62,724
up €62,724 (+6.9%), from €908,725 to €971,449
- Other debts +€16,386
up €16,386 (+18.8%), from €87,043 to €103,429
- Financial charges +€10,497
up €10,497 (+114.2%), from €9,191 to €19,687
- Gross operating margin -€7,427
down €7,427 (-6.1%), from €120,821 to €113,394
- Taxes -€5,785
down €5,785 (-18.9%), from €30,570 to €24,785
- Financial income +€5,704
up €5,704 (+380.3%), from €1,500 to €7,204
of which Financial income: +€5,704
- Depreciation +€4,038
up €4,038 (+74.3%), from €5,436 to €9,475
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 | €1,073,837 | €1,162,894 | +€89,057 | +8.3% |
| Fixed assets | 21/28 | €32,462 | €22,988 | -€9,475 | -29.2% |
| Tangible fixed assets | 22/27 | €32,462 | €22,988 | -€9,475 | -29.2% |
| Furniture and vehicles | 24 | €32,462 | €22,988 | -€9,475 | -29.2% |
| Current assets | 29/58 | €1,041,375 | €1,139,907 | +€98,532 | +9.5% |
| Amounts receivable within one year | 40/41 | €82,406 | €79,892 | -€2,514 | -3.1% |
| Trade receivables | 40 | €60,650 | €44,463 | -€16,187 | -26.7% |
| Other amounts receivable | 41 | €21,756 | €35,429 | +€13,673 | +62.8% |
| Current investments | 50/53 | €73,872 | €73,872 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €881,876 | €980,491 | +€98,615 | +11.2% |
| Deferred charges and accrued income | 490/1 | €3,221 | €5,652 | +€2,431 | +75.5% |
| Total equity and liabilities | 10/49 | €1,073,837 | €1,162,894 | +€89,057 | +8.3% |
| Equity | 10/15 | €914,922 | €977,646 | +€62,724 | +6.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €908,725 | €971,449 | +€62,724 | +6.9% |
| Distributable reserves | 133 | €908,725 | €971,449 | +€62,724 | +6.9% |
| Amounts payable | 17/49 | €158,915 | €185,248 | +€26,333 | +16.6% |
| Amounts payable within one year | 42/48 | €114,118 | €134,398 | +€20,280 | +17.8% |
| Trade debts | 44 | €1,543 | €8,266 | +€6,722 | +435.7% |
| Suppliers | 440/4 | €1,543 | €8,266 | +€6,722 | +435.7% |
| Taxes, remuneration and social security | 45 | €25,532 | €22,704 | -€2,828 | -11.1% |
| Taxes | 450/3 | €25,532 | €22,704 | -€2,828 | -11.1% |
| Other amounts payable | 47/48 | €87,043 | €103,429 | +€16,386 | +18.8% |
| Accrued charges and deferred income | 492/3 | €44,798 | €50,851 | +€6,053 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,436 | €9,475 | +€4,038 | +74.3% |
| Other operating charges | 640/8 | €2,992 | €3,059 | +€67 | +2.2% |
| Gross operating margin | 9900 | €120,821 | €113,394 | -€7,427 | -6.1% |
| Operating profit (loss) | 9901 | €112,392 | €100,861 | -€11,532 | -10.3% |
| Financial income | 75/76B | €1,500 | €7,204 | +€5,704 | +380.3% |
| Recurring financial income | 75 | €1,500 | €7,204 | +€5,704 | +380.3% |
| Non-recurring financial income | 76B | €1,500 | - | -€1,500 | |
| Financial charges | 65/66B | €9,191 | €19,687 | +€10,497 | +114.2% |
| Recurring financial charges | 65 | €9,191 | €19,687 | +€10,497 | +114.2% |
| Profit (loss) for the period before taxes | 9903 | €104,702 | €88,377 | -€16,325 | -15.6% |
| Income taxes | 67/77 | €30,570 | €24,785 | -€5,785 | -18.9% |
| Profit (loss) for the period | 9904 | €74,131 | €63,592 | -€10,540 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,131 | €63,592 | -€10,540 | -14.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.