Sodeal: 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.
What changed
Sodeal
NACE 95.316, Washing and cleaning of motor vehicles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€621,931
2024 · -€347,628+€969,559
Equity
€738,310
2024 · -€645,225+€1.4m
Cash
€272,522
2024 · €403,469-€130,948
Balance sheet total
€4.6m
2024 · €7.3m-€2.7m
Largest movements
Assets
- Tangible fixed assets -€2.6m
down €2.6m (-42.2%), from €6.3m to €3.6m
of which Land and buildings: -€2.7m
- Cash -€130,948
down €130,948 (-32.5%), from €403,469 to €272,522
mainly Short-term financial debts (-€4.1m) and Trade debts (-€73,408)
- Financial fixed assets +€98,168
up €98,168 (+84.9%), from €115,695 to €213,863
Equity and liabilities
- Short-term financial debts -€4.1m
down €4.1m (-62.5%), from €6.5m to €2.5m
- Contributions +€1.1m
up €1.1m (+60.4%), from €1.8m to €2.9m
- Profit (loss) carried forward +€621,931
up €621,931 (+21.5%), from -€2.9m to -€2.3m
- Revaluation surpluses -€338,396
down €338,396 (-100.0%), from €338,396 to €0
- Trade debts -€73,408
down €73,408 (-13.4%), from €548,144 to €474,735
Income statement
- Gross operating margin +€756,664
up €756,664 (+43.0%), from €1.8m to €2.5m
- Financial charges -€175,784
down €175,784 (-39.5%), from €445,573 to €269,789
- Write-downs -€60,729
down €60,729 (-74.4%), from €81,655 to €20,926
- Staff costs +€37,249
up €37,249 (+5.3%), from €706,004 to €743,253
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.
Result 2024
-€347,628
Gross operating margin
+€756,664
Staff costs
-€37,249
Depreciation
+€24,387
Write-downs
+€60,729
Provisions
+€6,214
Other operating charges
-€17,487
Financial income
+€185
Financial charges
+€175,784
Taxes
+€332
Result 2025
€621,931
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.
From operations
+€1.3m
Investment
+€1.9m
Financing
-€3.3m
Cash 2024
€403,469
From operations (derived)
+€1.3m
Net result for the year
+€621,931
Depreciation
+€625,454
Stocks and contracts
+€16,583
Receivables within one year
-€42,160
Deferred charges and accrued income
+€48,719
Provisions
+€17,254
Trade debts
-€73,408
Tax, wage and social debts
+€39,398
Smaller working-capital items
+€6,055
Investment (derived)
+€1.9m
Investment in fixed assets (net)
+€1.9m
Financing
-€3.3m
Short-term financial debts
-€4.1m
Contributions, distributions and other
+€761,604
Cash 2025
€272,522
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,273,475 | €4,571,308 | -€2.7m | -37.2% |
| Fixed assets | 21/28 | €6,399,844 | €3,851,767 | -€2.5m | -39.8% |
| Intangible fixed assets | 21 | €14,802 | €12,960 | -€1,842 | -12.4% |
| Tangible fixed assets | 22/27 | €6,269,347 | €3,624,944 | -€2.6m | -42.2% |
| Land and buildings | 22 | €4,193,624 | €1,449,489 | -€2.7m | -65.4% |
| Plant, machinery and equipment | 23 | €2,074,415 | €2,175,363 | +€100,948 | +4.9% |
| Furniture and vehicles | 24 | €1,309 | €92 | -€1,217 | -93.0% |
| Financial fixed assets | 28 | €115,695 | €213,863 | +€98,168 | +84.9% |
| Current assets | 29/58 | €873,631 | €719,541 | -€154,089 | -17.6% |
| Stocks and contracts in progress | 3 | €215,889 | €199,306 | -€16,583 | -7.7% |
| Stocks | 30/36 | €215,889 | €199,306 | -€16,583 | -7.7% |
| Amounts receivable within one year | 40/41 | €126,109 | €168,270 | +€42,160 | +33.4% |
| Trade receivables | 40 | €126,109 | €168,270 | +€42,160 | +33.4% |
| Cash at bank and in hand | 54/58 | €403,469 | €272,522 | -€130,948 | -32.5% |
| Deferred charges and accrued income | 490/1 | €128,163 | €79,444 | -€48,719 | -38.0% |
| Total equity and liabilities | 10/49 | €7,273,475 | €4,571,308 | -€2.7m | -37.2% |
| Equity | 10/15 | -€645,225 | €738,310 | +€1.4m | |
| Contributions | 10/11 | €1,821,414 | €2,921,414 | +€1.1m | +60.4% |
| Capital | 10 | €1,821,414 | €2,921,414 | +€1.1m | +60.4% |
| Issued capital | 100 | €1,821,414 | €2,921,414 | +€1.1m | +60.4% |
| Revaluation surpluses | 12 | €338,396 | €0 | -€338,396 | -100.0% |
| Reserves | 13 | €83,664 | €83,664 | = | 0.0% |
| Non-distributable reserves | 130/1 | €52,060 | €52,060 | = | 0.0% |
| Legal reserve | 130 | €52,060 | €52,060 | = | 0.0% |
| Distributable reserves | 133 | €31,604 | €31,604 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,888,699 | -€2,266,768 | +€621,931 | +21.5% |
| Provisions and deferred taxes | 16 | €266,325 | €283,579 | +€17,254 | +6.5% |
| Provisions for liabilities and charges | 160/5 | €266,325 | €283,579 | +€17,254 | +6.5% |
| Major repairs and maintenance | 162 | €266,325 | €283,579 | +€17,254 | +6.5% |
| Amounts payable | 17/49 | €7,652,375 | €3,549,419 | -€4.1m | -53.6% |
| Amounts payable within one year | 42/48 | €7,291,210 | €3,178,799 | -€4.1m | -56.4% |
| Financial debts | 43 | €6,525,000 | €2,450,000 | -€4.1m | -62.5% |
| Other loans | 439 | €6,525,000 | €2,450,000 | -€4.1m | -62.5% |
| Trade debts | 44 | €548,144 | €474,735 | -€73,408 | -13.4% |
| Suppliers | 440/4 | €548,144 | €474,735 | -€73,408 | -13.4% |
| Taxes, remuneration and social security | 45 | €193,892 | €233,290 | +€39,398 | +20.3% |
| Taxes | 450/3 | €60,854 | €67,169 | +€6,315 | +10.4% |
| Remuneration and social security | 454/9 | €133,038 | €166,121 | +€33,082 | +24.9% |
| Other amounts payable | 47/48 | €24,175 | €20,774 | -€3,400 | -14.1% |
| Accrued charges and deferred income | 492/3 | €361,165 | €370,619 | +€9,455 | +2.6% |
| Non-recurring operating income | 76A | €0 | €611,807 | +€611,807 | |
| Remuneration, social security and pensions | 62 | €706,004 | €743,253 | +€37,249 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €649,841 | €625,454 | -€24,387 | -3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €81,655 | €20,926 | -€60,729 | -74.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €23,468 | €17,254 | -€6,214 | -26.5% |
| Other operating charges | 640/8 | €198,885 | €216,372 | +€17,487 | +8.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,759,206 | €2,515,870 | +€756,664 | +43.0% |
| Operating profit (loss) | 9901 | €99,353 | €892,610 | +€793,258 | +798.4% |
| Financial income | 75/76B | €0 | €185 | +€185 | |
| Recurring financial income | 75 | €0 | €185 | +€185 | |
| Financial charges | 65/66B | €445,573 | €269,789 | -€175,784 | -39.5% |
| Recurring financial charges | 65 | €445,573 | €269,789 | -€175,784 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | -€346,220 | €623,006 | +€969,227 | |
| Income taxes | 67/77 | €1,407 | €1,076 | -€332 | -23.6% |
| Profit (loss) for the period | 9904 | -€347,628 | €621,931 | +€969,559 | |
| Profit (loss) for the period to be appropriated | 9905 | -€347,628 | €621,931 | +€969,559 |
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 7 October 2026 via checked.be.