SODECAZ: 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.
SODECAZ
Largest movements
- Tangible fixed assets -€12,968
down €12,968 (-19.1%), from €68,055 to €55,087
- Cash +€4,941
new in 2025: €4,941
mainly Depreciation (+€12,968) and Other debts (+€8,960)
- Receivables within one year -€4,916
down €4,916 (-24.0%), from €20,516 to €15,600
of which Trade receivables: -€3,054
- Other debts +€8,960
up €8,960 (+12.9%), from €69,358 to €78,319
- Profit (loss) carried forward -€8,049
down €8,049 (-33.8%), from -€23,830 to -€31,879
- Debts after one year -€7,143
down €7,143 (-30.8%), from €23,225 to €16,082
- Short-term financial debts -€6,205
no longer reported in 2025 (was €6,205)
- Gross operating margin +€4,138
up €4,138 (+277.9%), from €1,489 to €5,627
- Financial charges -€558
down €558 (-64.4%), from €866 to €308
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 | €89,601 | €76,658 | -€12,943 | -14.4% |
| Fixed assets | 21/28 | €69,085 | €56,117 | -€12,968 | -18.8% |
| Intangible fixed assets | 21 | €30 | €30 | = | 0.0% |
| Tangible fixed assets | 22/27 | €68,055 | €55,087 | -€12,968 | -19.1% |
| Plant, machinery and equipment | 23 | €68,055 | €55,087 | -€12,968 | -19.1% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €20,516 | €20,541 | +€25 | +0.1% |
| Amounts receivable within one year | 40/41 | €20,516 | €15,600 | -€4,916 | -24.0% |
| Trade receivables | 40 | €8,997 | €5,943 | -€3,054 | -33.9% |
| Other amounts receivable | 41 | €11,519 | €9,657 | -€1,862 | -16.2% |
| Cash at bank and in hand | 54/58 | - | €4,941 | +€4,941 | |
| Total equity and liabilities | 10/49 | €89,601 | €76,658 | -€12,943 | -14.4% |
| Equity | 10/15 | -€10,250 | -€18,299 | -€8,049 | -78.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Share premium | 1100/10 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €7,380 | €7,380 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,380 | €1,380 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,380 | €1,380 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,830 | -€31,879 | -€8,049 | -33.8% |
| Amounts payable | 17/49 | €99,851 | €94,957 | -€4,894 | -4.9% |
| Amounts payable after more than one year | 17 | €23,225 | €16,082 | -€7,143 | -30.8% |
| Financial debts | 170/4 | €23,225 | €16,082 | -€7,143 | -30.8% |
| Amounts payable within one year | 42/48 | €76,626 | €78,876 | +€2,250 | +2.9% |
| Financial debts | 43 | €6,205 | - | -€6,205 | |
| Other loans | 439 | €6,205 | - | -€6,205 | |
| Trade debts | 44 | €406 | €557 | +€151 | +37.3% |
| Suppliers | 440/4 | €406 | €557 | +€151 | +37.3% |
| Taxes, remuneration and social security | 45 | €657 | - | -€657 | |
| Taxes | 450/3 | €657 | - | -€657 | |
| Other amounts payable | 47/48 | €69,358 | €78,319 | +€8,960 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,968 | €12,968 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €1,489 | €5,627 | +€4,138 | +277.9% |
| Operating profit (loss) | 9901 | -€11,867 | -€7,741 | +€4,126 | +34.8% |
| Financial charges | 65/66B | €866 | €308 | -€558 | -64.4% |
| Recurring financial charges | 65 | €866 | €308 | -€558 | -64.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,733 | -€8,049 | +€4,684 | +36.8% |
| Profit (loss) for the period | 9904 | -€12,733 | -€8,049 | +€4,684 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,733 | -€8,049 | +€4,684 | +36.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.