SODELFRA: 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.
SODELFRA
Largest movements
- Tangible fixed assets -€33,732
down €33,732 (-5.4%), from €619,522 to €585,790
of which Other tangible fixed assets: -€28,334
- Cash -€30,153
down €30,153 (-72.9%), from €41,374 to €11,222
mainly Other debts (-€107,199) and Investment in fixed assets (net) (-€31,119)
- Receivables within one year +€20,304
up €20,304 (+65.5%), from €30,981 to €51,286
of which Trade receivables: +€19,933
- Intangible fixed assets -€8,312
down €8,312 (-33.3%), from €24,936 to €16,624
- Other debts -€107,199
down €107,199 (-17.0%), from €630,109 to €522,910
- Profit (loss) carried forward +€68,090
up €68,090 (+11.6%), from -€588,047 to -€519,956
- Tax, wage and social debts -€8,331
down €8,331 (-38.0%), from €21,935 to €13,603
of which Taxes: -€6,597
- Debts after one year -€7,227
down €7,227 (-1.3%), from €542,211 to €534,985
of which Financial debts: -€7,227
- Depreciation -€11,260
down €11,260 (-13.2%), from €85,423 to €74,163
- Other operating charges +€9,685
up €9,685 (+640.7%), from €1,512 to €11,196
- Gross operating margin +€5,175
up €5,175 (+3.2%), from €160,186 to €165,361
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €718,593 | €666,300 | -€52,293 | -7.3% |
| Fixed assets | 21/28 | €646,158 | €603,114 | -€43,044 | -6.7% |
| Intangible fixed assets | 21 | €24,936 | €16,624 | -€8,312 | -33.3% |
| Tangible fixed assets | 22/27 | €619,522 | €585,790 | -€33,732 | -5.4% |
| Plant, machinery and equipment | 23 | €21,671 | €19,945 | -€1,726 | -8.0% |
| Furniture and vehicles | 24 | €59,737 | €60,341 | +€603 | +1.0% |
| Leasing and similar rights | 25 | €9,429 | €5,153 | -€4,275 | -45.3% |
| Other tangible fixed assets | 26 | €528,685 | €500,350 | -€28,334 | -5.4% |
| Financial fixed assets | 28 | €1,700 | €700 | -€1,000 | -58.8% |
| Current assets | 29/58 | €72,436 | €63,186 | -€9,249 | -12.8% |
| Amounts receivable within one year | 40/41 | €30,981 | €51,286 | +€20,304 | +65.5% |
| Trade receivables | 40 | €30,981 | €50,914 | +€19,933 | +64.3% |
| Other amounts receivable | 41 | - | €372 | +€372 | |
| Cash at bank and in hand | 54/58 | €41,374 | €11,222 | -€30,153 | -72.9% |
| Deferred charges and accrued income | 490/1 | €80 | €679 | +€599 | +748.8% |
| Total equity and liabilities | 10/49 | €718,593 | €666,300 | -€52,293 | -7.3% |
| Equity | 10/15 | -€503,047 | -€434,956 | +€68,090 | +13.5% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€588,047 | -€519,956 | +€68,090 | +11.6% |
| Amounts payable | 17/49 | €1,221,640 | €1,101,257 | -€120,384 | -9.9% |
| Amounts payable after more than one year | 17 | €542,211 | €534,985 | -€7,227 | -1.3% |
| Financial debts | 170/4 | €244,739 | €237,513 | -€7,227 | -3.0% |
| Other amounts payable | 178/9 | €297,472 | €297,472 | = | 0.0% |
| Amounts payable within one year | 42/48 | €679,429 | €566,272 | -€113,157 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €20,667 | €25,101 | +€4,434 | +21.5% |
| Trade debts | 44 | €6,718 | €4,658 | -€2,060 | -30.7% |
| Suppliers | 440/4 | €6,718 | €4,658 | -€2,060 | -30.7% |
| Taxes, remuneration and social security | 45 | €21,935 | €13,603 | -€8,331 | -38.0% |
| Taxes | 450/3 | €19,421 | €12,824 | -€6,597 | -34.0% |
| Remuneration and social security | 454/9 | €2,514 | €779 | -€1,734 | -69.0% |
| Other amounts payable | 47/48 | €630,109 | €522,910 | -€107,199 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,423 | €74,163 | -€11,260 | -13.2% |
| Other operating charges | 640/8 | €1,512 | €11,196 | +€9,685 | +640.7% |
| Gross operating margin | 9900 | €160,186 | €165,361 | +€5,175 | +3.2% |
| Operating profit (loss) | 9901 | €73,251 | €80,001 | +€6,751 | +9.2% |
| Financial income | 75/76B | €20 | €3 | -€17 | -85.3% |
| Recurring financial income | 75 | €20 | €3 | -€17 | -85.3% |
| Financial charges | 65/66B | €10,325 | €11,914 | +€1,589 | +15.4% |
| Recurring financial charges | 65 | €10,325 | €11,914 | +€1,589 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €62,945 | €68,090 | +€5,145 | +8.2% |
| Profit (loss) for the period | 9904 | €62,945 | €68,090 | +€5,145 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,945 | €68,090 | +€5,145 | +8.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.