SODEBEL: 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
SODEBEL
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€91,028
2024 · €1,691-€92,719
Equity
€992,946
2024 · €1.1m-€91,028
Cash
€474,463
2024 · €471,939+€2,525
Balance sheet total
€1.1m
2024 · €1.2m-€51,102
Largest movements
Assets
- Stocks and contracts -€97,046
down €97,046 (-14.2%), from €681,240 to €584,194
- Tangible fixed assets +€46,043
up €46,043 (+2847.6%), from €1,617 to €47,659
of which Other tangible fixed assets: +€35,741
Equity and liabilities
- Profit (loss) carried forward -€91,028
down €91,028 (-10.2%), from €890,420 to €799,392
- Trade debts +€31,423
up €31,423 (+44.5%), from €70,613 to €102,036
Income statement
- Gross operating margin -€189,282
down €189,282 (-56.8%), from €333,367 to €144,085
- Other operating charges -€64,525
down €64,525 (-86.5%), from €74,558 to €10,033
- Taxes -€11,130
no longer reported in 2025 (was €11,130)
- Financial income +€3,850
up €3,850 (+27.6%), from €13,949 to €17,798
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
€1,691
Gross operating margin
-€189,282
Staff costs
+€585
Depreciation
-€1,898
Other operating charges
+€64,525
Other operating items
+€20,106
Financial income
+€3,850
Financial charges
-€1,735
Taxes
+€11,130
Result 2025
-€91,028
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
+€51,230
Investment
-€48,705
Financing
€0
Cash 2024
€471,939
From operations (derived)
+€51,230
Net result for the year
-€91,028
Depreciation
+€2,663
Stocks and contracts
+€97,046
Receivables within one year
-€6,377
Deferred charges and accrued income
+€9,000
Trade debts
+€31,423
Tax, wage and social debts
+€8,352
Accrued charges and deferred income
+€150
Investment (derived)
-€48,705
Investment in fixed assets (net)
-€48,705
Cash 2025
€474,463
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,199,578 | €1,148,476 | -€51,102 | -4.3% |
| Fixed assets | 21/28 | €1,792 | €47,834 | +€46,043 | +2569.5% |
| Tangible fixed assets | 22/27 | €1,617 | €47,659 | +€46,043 | +2847.6% |
| Plant, machinery and equipment | 23 | €1,617 | €852 | -€765 | -47.3% |
| Furniture and vehicles | 24 | - | €11,067 | +€11,067 | |
| Other tangible fixed assets | 26 | - | €35,741 | +€35,741 | |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €1,197,787 | €1,100,642 | -€97,145 | -8.1% |
| Stocks and contracts in progress | 3 | €681,240 | €584,194 | -€97,046 | -14.2% |
| Stocks | 30/36 | €681,240 | €584,194 | -€97,046 | -14.2% |
| Amounts receivable within one year | 40/41 | €35,608 | €41,985 | +€6,377 | +17.9% |
| Trade receivables | 40 | €7,114 | €23,964 | +€16,850 | +236.9% |
| Other amounts receivable | 41 | €28,494 | €18,021 | -€10,473 | -36.8% |
| Cash at bank and in hand | 54/58 | €471,939 | €474,463 | +€2,525 | +0.5% |
| Deferred charges and accrued income | 490/1 | €9,000 | - | -€9,000 | |
| Total equity and liabilities | 10/49 | €1,199,578 | €1,148,476 | -€51,102 | -4.3% |
| Equity | 10/15 | €1,083,973 | €992,946 | -€91,028 | -8.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €131,553 | €131,553 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,274 | €17,274 | = | 0.0% |
| Distributable reserves | 133 | €108,080 | €108,080 | = | 0.0% |
| Profit (loss) carried forward | 14 | €890,420 | €799,392 | -€91,028 | -10.2% |
| Amounts payable | 17/49 | €115,605 | €155,530 | +€39,925 | +34.5% |
| Amounts payable within one year | 42/48 | €109,725 | €149,500 | +€39,775 | +36.2% |
| Trade debts | 44 | €70,613 | €102,036 | +€31,423 | +44.5% |
| Suppliers | 440/4 | €70,613 | €102,036 | +€31,423 | +44.5% |
| Taxes, remuneration and social security | 45 | €39,112 | €47,464 | +€8,352 | +21.4% |
| Taxes | 450/3 | €13,328 | €15,832 | +€2,504 | +18.8% |
| Remuneration and social security | 454/9 | €25,785 | €31,632 | +€5,847 | +22.7% |
| Accrued charges and deferred income | 492/3 | €5,880 | €6,030 | +€150 | +2.6% |
| Remuneration, social security and pensions | 62 | €230,470 | €229,885 | -€585 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €765 | €2,663 | +€1,898 | +248.1% |
| Other operating charges | 640/8 | €74,558 | €10,033 | -€64,525 | -86.5% |
| Non-recurring operating charges | 66A | €20,106 | - | -€20,106 | |
| Gross operating margin | 9900 | €333,367 | €144,085 | -€189,282 | -56.8% |
| Operating profit (loss) | 9901 | €7,469 | -€98,495 | -€105,963 | |
| Financial income | 75/76B | €13,949 | €17,798 | +€3,850 | +27.6% |
| Recurring financial income | 75 | €13,949 | €17,798 | +€3,850 | +27.6% |
| Financial charges | 65/66B | €8,596 | €10,331 | +€1,735 | +20.2% |
| Recurring financial charges | 65 | €8,596 | €10,331 | +€1,735 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €12,821 | -€91,028 | -€103,849 | |
| Income taxes | 67/77 | €11,130 | - | -€11,130 | |
| Profit (loss) for the period | 9904 | €1,691 | -€91,028 | -€92,719 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,691 | -€91,028 | -€92,719 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.