SODEA: 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.
SODEA
Largest movements
- Cash -€49,518
down €49,518 (-40.6%), from €121,917 to €72,399
mainly Tax, wage and social debts (-€31,008) and Receivables within one year (-€13,378)
- Receivables within one year +€13,378
up €13,378 (+438.9%), from €3,048 to €16,426
- Tax, wage and social debts -€31,008
down €31,008 (-86.5%), from €35,867 to €4,859
of which Taxes: -€29,404
- Trade debts -€5,497
down €5,497 (-56.4%), from €9,745 to €4,247
- Profit (loss) carried forward +€2,764
up €2,764 (+2.4%), from €113,578 to €116,342
- Gross operating margin -€141,418
down €141,418 (-95.7%), from €147,814 to €6,396
- Taxes -€32,537
down €32,537 (-95.3%), from €34,154 to €1,617
- Financial income -€1,567
down €1,567 (-66.0%), from €2,374 to €807
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 | €163,572 | €129,033 | -€34,539 | -21.1% |
| Fixed assets | 21/28 | €14,609 | €15,505 | +€896 | +6.1% |
| Tangible fixed assets | 22/27 | €14,609 | €15,505 | +€896 | +6.1% |
| Furniture and vehicles | 24 | €563 | €3,026 | +€2,463 | +437.4% |
| Other tangible fixed assets | 26 | €14,046 | €12,479 | -€1,567 | -11.2% |
| Current assets | 29/58 | €148,963 | €113,527 | -€35,435 | -23.8% |
| Amounts receivable after more than one year | 29 | €23,997 | €23,997 | = | 0.0% |
| Other amounts receivable | 291 | €23,997 | €23,997 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,048 | €16,426 | +€13,378 | +438.9% |
| Trade receivables | 40 | €3,048 | €16,426 | +€13,378 | +438.9% |
| Cash at bank and in hand | 54/58 | €121,917 | €72,399 | -€49,518 | -40.6% |
| Deferred charges and accrued income | 490/1 | - | €705 | +€705 | |
| Total equity and liabilities | 10/49 | €163,572 | €129,033 | -€34,539 | -21.1% |
| Equity | 10/15 | €115,628 | €118,392 | +€2,764 | +2.4% |
| Contributions | 10/11 | €2,050 | €2,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,578 | €116,342 | +€2,764 | +2.4% |
| Amounts payable | 17/49 | €47,944 | €10,641 | -€37,303 | -77.8% |
| Amounts payable within one year | 42/48 | €47,944 | €10,641 | -€37,303 | -77.8% |
| Financial debts | 43 | €106 | €20 | -€87 | -81.6% |
| Credit institutions | 430/8 | €106 | €20 | -€87 | -81.6% |
| Trade debts | 44 | €9,745 | €4,247 | -€5,497 | -56.4% |
| Suppliers | 440/4 | €9,745 | €4,247 | -€5,497 | -56.4% |
| Advances received on contracts in progress | 46 | - | €674 | +€674 | |
| Taxes, remuneration and social security | 45 | €35,867 | €4,859 | -€31,008 | -86.5% |
| Taxes | 450/3 | €34,263 | €4,859 | -€29,404 | -85.8% |
| Remuneration and social security | 454/9 | €1,603 | - | -€1,603 | |
| Other amounts payable | 47/48 | €2,226 | €840 | -€1,386 | -62.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,808 | €2,657 | +€849 | +47.0% |
| Other operating charges | 640/8 | €500 | - | -€500 | |
| Gross operating margin | 9900 | €147,814 | €6,396 | -€141,418 | -95.7% |
| Operating profit (loss) | 9901 | €145,507 | €3,739 | -€141,768 | -97.4% |
| Financial income | 75/76B | €2,374 | €807 | -€1,567 | -66.0% |
| Recurring financial income | 75 | €2,374 | €807 | -€1,567 | -66.0% |
| Financial charges | 65/66B | €148 | €164 | +€15 | +10.4% |
| Recurring financial charges | 65 | €148 | €164 | +€15 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €147,732 | €4,382 | -€143,350 | -97.0% |
| Income taxes | 67/77 | €34,154 | €1,617 | -€32,537 | -95.3% |
| Profit (loss) for the period | 9904 | €113,578 | €2,764 | -€110,813 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €113,578 | €2,764 | -€110,813 | -97.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.