SODEMACO: 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.
SODEMACO
Largest movements
- Receivables within one year +€161,420
up €161,420 (+14.0%), from €1.2m to €1.3m
of which Other amounts receivable: +€114,253
- Stocks and contracts +€57,194
up €57,194 (+14.0%), from €409,290 to €466,484
- Cash -€43,840
down €43,840 (-9.6%), from €458,904 to €415,064
mainly Contributions, distributions and other (-€696,800) and Receivables within one year (-€161,420)
- Tangible fixed assets +€35,154
up €35,154 (+24.1%), from €146,041 to €181,195
of which Furniture and vehicles: +€27,451
- Other debts +€696,800
new in 2025: €696,800
- Profit (loss) carried forward -€286,756
down €286,756 (-19.0%), from €1.5m to €1.2m
- Trade debts -€105,896
down €105,896 (-66.1%), from €160,192 to €54,296
- Tax, wage and social debts -€98,630
down €98,630 (-70.0%), from €140,909 to €42,279
of which Taxes: -€78,866
- Gross operating margin +€306,675
up €306,675 (+34.5%), from €888,657 to €1.2m
- Taxes +€85,332
up €85,332 (+124%), from €68,993 to €154,325
- Depreciation -€20,005
down €20,005 (-24.9%), from €80,493 to €60,488
- Staff costs +€16,368
up €16,368 (+2.9%), from €569,209 to €585,578
- Other operating charges -€15,240
down €15,240 (-67.0%), from €22,730 to €7,490
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 | €2,177,476 | €2,382,995 | +€205,519 | +9.4% |
| Fixed assets | 21/28 | €154,858 | €185,604 | +€30,745 | +19.9% |
| Intangible fixed assets | 21 | €8,817 | €4,409 | -€4,409 | -50.0% |
| Tangible fixed assets | 22/27 | €146,041 | €181,195 | +€35,154 | +24.1% |
| Plant, machinery and equipment | 23 | €60,210 | €72,045 | +€11,835 | +19.7% |
| Furniture and vehicles | 24 | €69,305 | €96,755 | +€27,451 | +39.6% |
| Other tangible fixed assets | 26 | €16,526 | €12,395 | -€4,132 | -25.0% |
| Current assets | 29/58 | €2,022,617 | €2,197,391 | +€174,774 | +8.6% |
| Stocks and contracts in progress | 3 | €409,290 | €466,484 | +€57,194 | +14.0% |
| Stocks | 30/36 | €409,290 | €466,484 | +€57,194 | +14.0% |
| Amounts receivable within one year | 40/41 | €1,154,423 | €1,315,843 | +€161,420 | +14.0% |
| Trade receivables | 40 | €1,068,424 | €1,115,590 | +€47,166 | +4.4% |
| Other amounts receivable | 41 | €86,000 | €200,253 | +€114,253 | +133% |
| Cash at bank and in hand | 54/58 | €458,904 | €415,064 | -€43,840 | -9.6% |
| Total equity and liabilities | 10/49 | €2,177,476 | €2,382,995 | +€205,519 | +9.4% |
| Equity | 10/15 | €1,876,375 | €1,589,619 | -€286,756 | -15.3% |
| Contributions | 10/11 | €262,500 | €262,500 | = | 0.0% |
| Capital | 10 | €262,500 | €262,500 | = | 0.0% |
| Issued capital | 100 | €262,500 | €262,500 | = | 0.0% |
| Reserves | 13 | €107,143 | €107,143 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,250 | €26,250 | = | 0.0% |
| Legal reserve | 130 | €26,250 | €26,250 | = | 0.0% |
| Distributable reserves | 133 | €80,893 | €80,893 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,506,733 | €1,219,977 | -€286,756 | -19.0% |
| Amounts payable | 17/49 | €301,100 | €793,375 | +€492,275 | +163% |
| Amounts payable within one year | 42/48 | €301,100 | €793,375 | +€492,275 | +163% |
| Trade debts | 44 | €160,192 | €54,296 | -€105,896 | -66.1% |
| Suppliers | 440/4 | €160,192 | €54,296 | -€105,896 | -66.1% |
| Taxes, remuneration and social security | 45 | €140,909 | €42,279 | -€98,630 | -70.0% |
| Taxes | 450/3 | €83,986 | €5,120 | -€78,866 | -93.9% |
| Remuneration and social security | 454/9 | €56,922 | €37,159 | -€19,763 | -34.7% |
| Other amounts payable | 47/48 | - | €696,800 | +€696,800 | |
| Remuneration, social security and pensions | 62 | €569,209 | €585,578 | +€16,368 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,493 | €60,488 | -€20,005 | -24.9% |
| Other operating charges | 640/8 | €22,730 | €7,490 | -€15,240 | -67.0% |
| Non-recurring operating charges | 66A | - | €1,915 | +€1,915 | |
| Gross operating margin | 9900 | €888,657 | €1,195,332 | +€306,675 | +34.5% |
| Operating profit (loss) | 9901 | €216,225 | €539,862 | +€323,637 | +150% |
| Financial income | 75/76B | €24,363 | €29,066 | +€4,703 | +19.3% |
| Recurring financial income | 75 | €24,363 | €29,066 | +€4,703 | +19.3% |
| Financial charges | 65/66B | €4,961 | €4,558 | -€402 | -8.1% |
| Recurring financial charges | 65 | €4,961 | €4,558 | -€402 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €235,627 | €564,369 | +€328,742 | +140% |
| Income taxes | 67/77 | €68,993 | €154,325 | +€85,332 | +124% |
| Profit (loss) for the period | 9904 | €166,634 | €410,044 | +€243,411 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €166,634 | €410,044 | +€243,411 | +146% |
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 20 October 2026 via checked.be.