SODEMAT: 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.
What changed
SODEMAT
NACE 46.630, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€665,527
2024 · €466,777+€198,751
Equity
€100,000
2024 · €100,000
Cash
€527,699
2024 · €496,648+€31,051
Balance sheet total
€20.5m
2024 · €20.7m-€114,440
Largest movements
Assets
- Tangible fixed assets -€767,830
down €767,830 (-5.8%), from €13.3m to €12.5m
of which Leasing and similar rights: -€1.2m
- Stocks and contracts +€609,134
up €609,134 (+14.8%), from €4.1m to €4.7m
Equity and liabilities
- Trade debts +€1.5m
up €1.5m (+53.5%), from €2.8m to €4.3m
- Debts after one year -€1.1m
down €1.1m (-17.5%), from €6.5m to €5.3m
- Other debts -€628,383
down €628,383 (-7.7%), from €8.2m to €7.6m
- Accrued charges and deferred income +€276,692
up €276,692 (+131%), from €210,639 to €487,330
Income statement
- Turnover +€3.8m
up €3.8m (+14.7%), from €25.9m to €29.7m
- Services and other goods +€1.9m
up €1.9m (+17.1%), from €10.9m to €12.7m
- Goods and materials +€1.3m
up €1.3m (+37.0%), from €3.6m to €5.0m
of which Purchases: +€2.0m
- Staff costs +€954,599
up €954,599 (+13.7%), from €7.0m to €7.9m
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.
Result 2024
€466,777
Turnover
+€3.8m
Other operating income
+€123,524
Goods and materials
-€1.3m
Services and other goods
-€1.9m
Staff costs
-€954,599
Depreciation
-€31,811
Write-downs
+€90,224
Provisions
+€245,235
Other operating charges
-€16,920
Financial income
+€445
Financial charges
+€127,362
Result 2025
€665,527
raises the resultlowers the result
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.
From operations
+€4.7m
Investment
-€2.6m
Financing
-€2.0m
Cash 2024
€496,648
From operations (derived)
+€4.7m
Net result for the year
+€665,527
Depreciation
+€3.4m
Stocks and contracts
-€609,134
Receivables within one year
+€39,622
Deferred charges and accrued income
-€32,826
Provisions
-€124,545
Trade debts
+€1.5m
Tax, wage and social debts
+€193,684
Other debts
-€628,383
Accrued charges and deferred income
+€276,692
Investment (derived)
-€2.6m
Investment in fixed assets (net)
-€2.6m
Current investments
-€20,003
Financing
-€2.0m
Debts after one year
-€1.1m
Current portion of long-term debt
-€205,943
Contributions, distributions and other
-€665,527
Cash 2025
€527,699
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,656,676 | €20,542,236 | -€114,440 | -0.6% |
| Fixed assets | 21/28 | €13,289,175 | €12,521,345 | -€767,830 | -5.8% |
| Tangible fixed assets | 22/27 | €13,288,942 | €12,521,112 | -€767,830 | -5.8% |
| Land and buildings | 22 | €868,165 | €828,021 | -€40,144 | -4.6% |
| Plant, machinery and equipment | 23 | €4,395,031 | €4,848,272 | +€453,241 | +10.3% |
| Furniture and vehicles | 24 | €73,325 | €56,401 | -€16,924 | -23.1% |
| Leasing and similar rights | 25 | €7,844,893 | €6,680,890 | -€1.2m | -14.8% |
| Assets under construction and advance payments | 27 | €107,527 | €107,527 | = | 0.0% |
| Financial fixed assets | 28 | €233 | €233 | = | 0.0% |
| Other financial fixed assets | 284/8 | €233 | €233 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €233 | €233 | = | 0.0% |
| Current assets | 29/58 | €7,367,501 | €8,020,891 | +€653,391 | +8.9% |
| Stocks and contracts in progress | 3 | €4,123,964 | €4,733,098 | +€609,134 | +14.8% |
| Stocks | 30/36 | €4,123,964 | €4,733,098 | +€609,134 | +14.8% |
| Raw materials and consumables | 30/31 | €4,123,964 | €4,733,098 | +€609,134 | +14.8% |
| Amounts receivable within one year | 40/41 | €2,362,139 | €2,322,517 | -€39,622 | -1.7% |
| Trade receivables | 40 | €2,319,942 | €2,315,456 | -€4,486 | -0.2% |
| Other amounts receivable | 41 | €42,197 | €7,061 | -€35,136 | -83.3% |
| Current investments | 50/53 | €54,474 | €74,477 | +€20,003 | +36.7% |
| Other investments | 51/53 | €54,474 | €74,477 | +€20,003 | +36.7% |
| Cash at bank and in hand | 54/58 | €496,648 | €527,699 | +€31,051 | +6.3% |
| Deferred charges and accrued income | 490/1 | €330,276 | €363,101 | +€32,826 | +9.9% |
| Total equity and liabilities | 10/49 | €20,656,676 | €20,542,236 | -€114,440 | -0.6% |
| Equity | 10/15 | €100,000 | €100,000 | = | 0.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Provisions and deferred taxes | 16 | €152,610 | €28,065 | -€124,545 | -81.6% |
| Provisions for liabilities and charges | 160/5 | €152,610 | €28,065 | -€124,545 | -81.6% |
| Other liabilities and charges | 164/5 | €152,610 | €28,065 | -€124,545 | -81.6% |
| Amounts payable | 17/49 | €20,404,066 | €20,414,171 | +€10,105 | 0.0% |
| Amounts payable after more than one year | 17 | €6,481,627 | €5,349,467 | -€1.1m | -17.5% |
| Financial debts | 170/4 | €6,481,627 | €5,349,467 | -€1.1m | -17.5% |
| Leasing and similar obligations | 172 | €6,481,627 | €5,349,467 | -€1.1m | -17.5% |
| Amounts payable within one year | 42/48 | €13,711,801 | €14,577,374 | +€865,573 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €1,559,824 | €1,353,881 | -€205,943 | -13.2% |
| Trade debts | 44 | €2,816,423 | €4,322,638 | +€1.5m | +53.5% |
| Suppliers | 440/4 | €2,816,423 | €4,322,638 | +€1.5m | +53.5% |
| Taxes, remuneration and social security | 45 | €1,145,879 | €1,339,564 | +€193,684 | +16.9% |
| Taxes | 450/3 | €298,457 | €282,710 | -€15,747 | -5.3% |
| Remuneration and social security | 454/9 | €847,422 | €1,056,854 | +€209,432 | +24.7% |
| Other amounts payable | 47/48 | €8,189,674 | €7,561,291 | -€628,383 | -7.7% |
| Accrued charges and deferred income | 492/3 | €210,639 | €487,330 | +€276,692 | +131% |
| Operating income | 70/76A | €26,249,967 | €30,188,820 | +€3.9m | +15.0% |
| Turnover | 70 | €25,868,371 | €29,683,700 | +€3.8m | +14.7% |
| Other operating income | 74 | €381,596 | €505,120 | +€123,524 | +32.4% |
| Operating charges | 60/66A | €25,187,660 | €29,055,570 | +€3.9m | +15.4% |
| Goods for resale, raw materials and consumables | 60 | €3,635,063 | €4,978,344 | +€1.3m | +37.0% |
| Purchases | 600/8 | €3,480,017 | €5,507,363 | +€2.0m | +58.3% |
| Change in stocks: decrease (increase) | 609 | €155,046 | -€529,019 | -€684,065 | |
| Services and other goods | 61 | €10,869,883 | €12,726,639 | +€1.9m | +17.1% |
| Remuneration, social security and pensions | 62 | €6,981,025 | €7,935,625 | +€954,599 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,352,013 | €3,383,824 | +€31,811 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €90,400 | €176 | -€90,224 | -99.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €120,690 | -€124,545 | -€245,235 | |
| Other operating charges | 640/8 | €138,587 | €155,507 | +€16,920 | +12.2% |
| Operating profit (loss) | 9901 | €1,062,307 | €1,133,250 | +€70,943 | +6.7% |
| Financial income | 75/76B | - | €445 | +€445 | |
| Recurring financial income | 75 | - | €445 | +€445 | |
| Other financial income | 752/9 | - | €445 | +€445 | |
| Financial charges | 65/66B | €595,531 | €468,168 | -€127,362 | -21.4% |
| Recurring financial charges | 65 | €595,531 | €468,168 | -€127,362 | -21.4% |
| Debt charges | 650 | €592,289 | €465,388 | -€126,901 | -21.4% |
| Other financial charges | 652/9 | €3,242 | €2,781 | -€461 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €466,777 | €665,527 | +€198,751 | +42.6% |
| Profit (loss) for the period | 9904 | €466,777 | €665,527 | +€198,751 | +42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €466,777 | €665,527 | +€198,751 | +42.6% |
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 27 October 2026 via checked.be.