SODEFCO: 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.
SODEFCO
Largest movements
- Financial fixed assets +€125,000
up €125,000 (+71428.6%), from €175 to €125,175
- Cash -€68,824
down €68,824 (-50.9%), from €135,144 to €66,321
mainly Investment in fixed assets (net) (-€128,155) and Contributions, distributions and other (-€75,000)
- Receivables within one year -€11,053
down €11,053 (-63.0%), from €17,533 to €6,480
of which Trade receivables: -€10,693
- Deferred charges and accrued income +€3,114
up €3,114 (+139.2%), from €2,237 to €5,351
- Debts after one year +€37,500
new in 2025: €37,500
- Profit (loss) carried forward -€18,709
down €18,709 (-94.6%), from €19,785 to €1,077
- Current portion of long-term debt +€12,500
new in 2025: €12,500
- Other debts +€10,000
up €10,000 (+13.3%), from €75,000 to €85,000
- Tax, wage and social debts +€7,787
up €7,787 (+42.0%), from €18,536 to €26,323
of which Taxes: +€8,695
- Gross operating margin +€13,844
up €13,844 (+11.7%), from €117,954 to €131,798
- Taxes +€7,204
up €7,204 (+51.5%), from €14,000 to €21,204
- Financial income +€3,164
new in 2025: €3,164
- Financial charges +€2,615
up €2,615 (+4842.7%), from €54 to €2,669
- Staff costs +€1,498
up €1,498 (+3.0%), from €50,264 to €51,762
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 | €157,459 | €207,043 | +€49,585 | +31.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,544 | €128,892 | +€126,348 | +4966.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €2,369 | €3,717 | +€1,348 | +56.9% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €945 | €771 | -€174 | -18.4% |
| Other tangible fixed assets | 26 | €1,423 | €2,946 | +€1,523 | +107.0% |
| Financial fixed assets | 28 | €175 | €125,175 | +€125,000 | +71428.6% |
| Current assets | 29/58 | €154,915 | €78,151 | -€76,764 | -49.6% |
| Amounts receivable within one year | 40/41 | €17,533 | €6,480 | -€11,053 | -63.0% |
| Trade receivables | 40 | €17,173 | €6,480 | -€10,693 | -62.3% |
| Other amounts receivable | 41 | €360 | - | -€360 | |
| Cash at bank and in hand | 54/58 | €135,144 | €66,321 | -€68,824 | -50.9% |
| Deferred charges and accrued income | 490/1 | €2,237 | €5,351 | +€3,114 | +139.2% |
| Total equity and liabilities | 10/49 | €157,459 | €207,043 | +€49,585 | +31.5% |
| Equity | 10/15 | €62,785 | €44,077 | -€18,709 | -29.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,785 | €1,077 | -€18,709 | -94.6% |
| Amounts payable | 17/49 | €94,673 | €162,966 | +€68,293 | +72.1% |
| Amounts payable after more than one year | 17 | - | €37,500 | +€37,500 | |
| Financial debts | 170/4 | - | €37,500 | +€37,500 | |
| Amounts payable within one year | 42/48 | €94,673 | €124,586 | +€29,913 | +31.6% |
| Current portion of amounts payable after more than one year | 42 | - | €12,500 | +€12,500 | |
| Trade debts | 44 | €1,138 | €763 | -€374 | -32.9% |
| Suppliers | 440/4 | €1,138 | €763 | -€374 | -32.9% |
| Taxes, remuneration and social security | 45 | €18,536 | €26,323 | +€7,787 | +42.0% |
| Taxes | 450/3 | €10,815 | €19,509 | +€8,695 | +80.4% |
| Remuneration and social security | 454/9 | €7,721 | €6,814 | -€907 | -11.8% |
| Other amounts payable | 47/48 | €75,000 | €85,000 | +€10,000 | +13.3% |
| Accrued charges and deferred income | 492/3 | - | €880 | +€880 | |
| Remuneration, social security and pensions | 62 | €50,264 | €51,762 | +€1,498 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,253 | €1,807 | -€1,447 | -44.5% |
| Other operating charges | 640/8 | €1,347 | €1,229 | -€118 | -8.7% |
| Gross operating margin | 9900 | €117,954 | €131,798 | +€13,844 | +11.7% |
| Operating profit (loss) | 9901 | €63,090 | €77,000 | +€13,910 | +22.0% |
| Financial income | 75/76B | - | €3,164 | +€3,164 | |
| Recurring financial income | 75 | - | €3,164 | +€3,164 | |
| Financial charges | 65/66B | €54 | €2,669 | +€2,615 | +4842.7% |
| Recurring financial charges | 65 | €54 | €2,669 | +€2,615 | +4842.7% |
| Profit (loss) for the period before taxes | 9903 | €63,036 | €77,495 | +€14,460 | +22.9% |
| Income taxes | 67/77 | €14,000 | €21,204 | +€7,204 | +51.5% |
| Profit (loss) for the period | 9904 | €49,036 | €56,291 | +€7,256 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,036 | €56,291 | +€7,256 | +14.8% |
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 10 October 2026 via checked.be.