SODEMAM: 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.
SODEMAM
Largest movements
- Current investments +€157,607
up €157,607 (+10.8%), from €1.5m to €1.6m
- Cash -€153,262
down €153,262 (-61.9%), from €247,751 to €94,489
mainly Current investments (-€157,607) and Receivables within one year (-€2,991)
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€17,242
down €17,242 (-47.5%), from €36,309 to €19,067
- Taxes -€4,072
down €4,072 (-59.9%), from €6,801 to €2,729
- Gross operating margin +€1,068
up €1,068 (+15.7%), from -€6,796 to -€5,728
- Other operating charges +€153
up €153 (+4.8%), from €3,214 to €3,367
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 | €1,707,229 | €1,714,465 | +€7,237 | +0.4% |
| Current assets | 29/58 | €1,707,229 | €1,714,465 | +€7,237 | +0.4% |
| Amounts receivable within one year | 40/41 | €3,920 | €6,911 | +€2,991 | +76.3% |
| Other amounts receivable | 41 | €3,920 | €6,911 | +€2,991 | +76.3% |
| Current investments | 50/53 | €1,455,459 | €1,613,066 | +€157,607 | +10.8% |
| Cash at bank and in hand | 54/58 | €247,751 | €94,489 | -€153,262 | -61.9% |
| Deferred charges and accrued income | 490/1 | €99 | €0 | -€99 | -100% |
| Total equity and liabilities | 10/49 | €1,707,229 | €1,714,465 | +€7,237 | +0.4% |
| Equity | 10/15 | €1,707,229 | €1,714,465 | +€7,237 | +0.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €2,340,500 | €2,340,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €2,333,000 | €2,333,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€708,271 | -€701,035 | +€7,237 | +1.0% |
| Other operating charges | 640/8 | €3,214 | €3,367 | +€153 | +4.8% |
| Gross operating margin | 9900 | -€6,796 | -€5,728 | +€1,068 | +15.7% |
| Operating profit (loss) | 9901 | -€10,010 | -€9,095 | +€915 | +9.1% |
| Financial income | 75/76B | €36,309 | €19,067 | -€17,242 | -47.5% |
| Recurring financial income | 75 | €36,309 | €19,067 | -€17,242 | -47.5% |
| Financial charges | 65/66B | €0 | €6 | +€6 | +4,000% |
| Recurring financial charges | 65 | €0 | €6 | +€6 | +4,000% |
| Profit (loss) for the period before taxes | 9903 | €26,299 | €9,965 | -€16,333 | -62.1% |
| Income taxes | 67/77 | €6,801 | €2,729 | -€4,072 | -59.9% |
| Profit (loss) for the period | 9904 | €19,498 | €7,237 | -€12,262 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,498 | €7,237 | -€12,262 | -62.9% |
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 15 October 2026 via checked.be.