SODELCO: 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.
SODELCO
Largest movements
- Receivables within one year -€108,712
down €108,712 (-89.2%), from €121,842 to €13,130
of which Trade receivables: -€108,705
- Cash -€50,489
down €50,489 (-20.1%), from €250,861 to €200,371
mainly Net result for the year (-€171,710) and Other debts (-€4,395)
- Profit (loss) carried forward -€171,710
down €171,710 (-99.8%), from €172,106 to €395
- Trade debts +€19,003
up €19,003 (+1,628%), from €1,167 to €20,170
- Other debts -€4,395
down €4,395 (-4.6%), from €95,316 to €90,921
- Gross operating margin -€147,398
down €147,398 (-67.0%), from €219,950 to €72,552
- Staff costs +€38,030
up €38,030 (+18.3%), from €207,569 to €245,599
- Financial income +€2,467
up €2,467 (+485%), from €509 to €2,976
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.
Derived cash bridge
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 | €372,702 | €213,501 | -€159,201 | -42.7% |
| Current assets | 29/58 | €372,702 | €213,501 | -€159,201 | -42.7% |
| Amounts receivable within one year | 40/41 | €121,842 | €13,130 | -€108,712 | -89.2% |
| Trade receivables | 40 | €121,834 | €13,130 | -€108,705 | -89.2% |
| Other amounts receivable | 41 | €7 | - | -€7 | |
| Cash at bank and in hand | 54/58 | €250,861 | €200,371 | -€50,489 | -20.1% |
| Total equity and liabilities | 10/49 | €372,702 | €213,501 | -€159,201 | -42.7% |
| Equity | 10/15 | €265,480 | €93,769 | -€171,710 | -64.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €31,874 | €31,874 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,874 | €31,874 | = | 0.0% |
| Legal reserve | 130 | €31,874 | €31,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172,106 | €395 | -€171,710 | -99.8% |
| Amounts payable | 17/49 | €107,223 | €119,732 | +€12,509 | +11.7% |
| Amounts payable within one year | 42/48 | €107,223 | €119,732 | +€12,509 | +11.7% |
| Trade debts | 44 | €1,167 | €20,170 | +€19,003 | +1,628% |
| Suppliers | 440/4 | €1,167 | €20,170 | +€19,003 | +1,628% |
| Taxes, remuneration and social security | 45 | €10,740 | €8,641 | -€2,099 | -19.5% |
| Remuneration and social security | 454/9 | €10,740 | €8,641 | -€2,099 | -19.5% |
| Other amounts payable | 47/48 | €95,316 | €90,921 | -€4,395 | -4.6% |
| Remuneration, social security and pensions | 62 | €207,569 | €245,599 | +€38,030 | +18.3% |
| Other operating charges | 640/8 | €964 | €1,572 | +€608 | +63.0% |
| Gross operating margin | 9900 | €219,950 | €72,552 | -€147,398 | -67.0% |
| Operating profit (loss) | 9901 | €11,417 | -€174,619 | -€186,036 | |
| Financial income | 75/76B | €509 | €2,976 | +€2,467 | +485% |
| Recurring financial income | 75 | €509 | €2,976 | +€2,467 | +485% |
| Financial charges | 65/66B | €71 | €68 | -€4 | -5.1% |
| Recurring financial charges | 65 | €71 | €68 | -€4 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €11,854 | -€171,710 | -€183,565 | |
| Profit (loss) for the period | 9904 | €11,854 | -€171,710 | -€183,565 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,854 | -€171,710 | -€183,565 |
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 16 October 2026 via checked.be.