SODEIMMO: 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.
SODEIMMO
Largest movements
- Current investments +€180,000
new in 2025: €180,000
- Cash -€161,718
down €161,718 (-69.0%), from €234,422 to €72,704
mainly Current investments (-€180,000) and Contributions, distributions and other (-€23,386)
- Reserves +€11,219
up €11,219 (+8.9%), from €125,623 to €136,842
of which Distributable reserves: +€11,219
- Tax, wage and social debts +€4,807
up €4,807 (+2762.4%), from €174 to €4,981
- Financial charges -€109,469
down €109,469 (-99.9%), from €109,629 to €160
of which Non-recurring financial charges: -€109,527
- Taxes +€15,191
new in 2025: €15,191
- Gross operating margin -€13,128
down €13,128 (-18.4%), from €71,406 to €58,278
- Financial income -€4,626
no longer reported in 2025 (was €4,626)
- Depreciation -€1,548
down €1,548 (-59.9%), from €2,582 to €1,034
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 | €340,789 | €356,649 | +€15,860 | +4.7% |
| Fixed assets | 21/28 | €54,979 | €53,945 | -€1,034 | -1.9% |
| Intangible fixed assets | 21 | €45,166 | €45,166 | +€0 | 0.0% |
| Tangible fixed assets | 22/27 | €8,707 | €7,673 | -€1,034 | -11.9% |
| Other tangible fixed assets | 26 | €8,707 | €7,673 | -€1,034 | -11.9% |
| Financial fixed assets | 28 | €1,106 | €1,106 | -€0 | 0.0% |
| Current assets | 29/58 | €285,810 | €302,704 | +€16,894 | +5.9% |
| Amounts receivable within one year | 40/41 | €51,388 | €50,000 | -€1,388 | -2.7% |
| Other amounts receivable | 41 | €51,388 | €50,000 | -€1,388 | -2.7% |
| Current investments | 50/53 | - | €180,000 | +€180,000 | |
| Cash at bank and in hand | 54/58 | €234,422 | €72,704 | -€161,718 | -69.0% |
| Total equity and liabilities | 10/49 | €340,789 | €356,649 | +€15,860 | +4.7% |
| Equity | 10/15 | €319,771 | €330,990 | +€11,219 | +3.5% |
| Contributions | 10/11 | €65,250 | €65,250 | = | 0.0% |
| Capital | 10 | €65,250 | €65,250 | = | 0.0% |
| Issued capital | 100 | €65,250 | €65,250 | = | 0.0% |
| Reserves | 13 | €125,623 | €136,842 | +€11,219 | +8.9% |
| Non-distributable reserves | 130/1 | €17,348 | €17,348 | +€0 | 0.0% |
| Legal reserve | 130 | €17,348 | €17,348 | +€0 | 0.0% |
| Distributable reserves | 133 | €108,275 | €119,494 | +€11,219 | +10.4% |
| Profit (loss) carried forward | 14 | €128,898 | €128,898 | -€0 | 0.0% |
| Amounts payable | 17/49 | €21,018 | €25,659 | +€4,641 | +22.1% |
| Amounts payable within one year | 42/48 | €21,018 | €25,659 | +€4,641 | +22.1% |
| Taxes, remuneration and social security | 45 | €174 | €4,981 | +€4,807 | +2762.4% |
| Taxes | 450/3 | €174 | €4,981 | +€4,807 | +2762.4% |
| Other amounts payable | 47/48 | €20,844 | €20,678 | -€166 | -0.8% |
| Remuneration, social security and pensions | 62 | €1,455 | €1,567 | +€112 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,582 | €1,034 | -€1,548 | -59.9% |
| Other operating charges | 640/8 | €5,549 | €5,721 | +€172 | +3.1% |
| Non-recurring operating charges | 66A | €313,200 | - | -€313,200 | |
| Gross operating margin | 9900 | €71,406 | €58,278 | -€13,128 | -18.4% |
| Operating profit (loss) | 9901 | -€251,380 | €49,956 | +€301,336 | |
| Financial income | 75/76B | €4,626 | - | -€4,626 | |
| Recurring financial income | 75 | €4,626 | - | -€4,626 | |
| Financial charges | 65/66B | €109,629 | €160 | -€109,469 | -99.9% |
| Recurring financial charges | 65 | €102 | €160 | +€58 | +56.6% |
| Non-recurring financial charges | 66B | €109,527 | - | -€109,527 | |
| Profit (loss) for the period before taxes | 9903 | -€356,383 | €49,796 | +€406,179 | |
| Income taxes | 67/77 | - | €15,191 | +€15,191 | |
| Profit (loss) for the period | 9904 | -€356,383 | €34,605 | +€390,988 | |
| Profit (loss) for the period to be appropriated | 9905 | -€356,383 | €34,605 | +€390,988 |
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 4 October 2026 via checked.be.