SODEMAXX: 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.
SODEMAXX
Largest movements
- Receivables within one year +€14,010
up €14,010 (+12.9%), from €108,653 to €122,663
of which Trade receivables: +€13,801
- Cash -€2,849
down €2,849 (-21.6%), from €13,176 to €10,327
mainly Contributions, distributions and other (-€38,044) and Receivables within one year (-€14,010)
- Tangible fixed assets -€1,814
down €1,814 (-35.0%), from €5,185 to €3,371
of which Furniture and vehicles: -€1,263
- Profit (loss) carried forward +€31,079
up €31,079, from -€31,079 to €0
- Reserves -€23,550
down €23,550 (-21.5%), from €109,362 to €85,813
- Tax, wage and social debts +€6,523
up €6,523 (+21.5%), from €30,389 to €36,912
- Other debts -€3,556
down €3,556 (-14.5%), from €24,490 to €20,934
- Gross operating margin +€52,916
up €52,916 (+325%), from €16,303 to €69,218
- Taxes +€16,131
up €16,131 (+748%), from €2,157 to €18,289
- Financial charges -€861
down €861 (-24.9%), from €3,465 to €2,603
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 | €145,119 | €154,346 | +€9,227 | +6.4% |
| Fixed assets | 21/28 | €5,185 | €3,371 | -€1,814 | -35.0% |
| Tangible fixed assets | 22/27 | €5,185 | €3,371 | -€1,814 | -35.0% |
| Plant, machinery and equipment | 23 | €1,649 | €1,098 | -€551 | -33.4% |
| Furniture and vehicles | 24 | €3,536 | €2,273 | -€1,263 | -35.7% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €139,934 | €150,975 | +€11,040 | +7.9% |
| Amounts receivable within one year | 40/41 | €108,653 | €122,663 | +€14,010 | +12.9% |
| Trade receivables | 40 | €87,945 | €101,745 | +€13,801 | +15.7% |
| Other amounts receivable | 41 | €20,709 | €20,917 | +€209 | +1.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €13,176 | €10,327 | -€2,849 | -21.6% |
| Deferred charges and accrued income | 490/1 | €18,105 | €17,984 | -€121 | -0.7% |
| Total equity and liabilities | 10/49 | €145,119 | €154,346 | +€9,227 | +6.4% |
| Equity | 10/15 | €84,483 | €92,013 | +€7,529 | +8.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €109,362 | €85,813 | -€23,550 | -21.5% |
| Distributable reserves | 133 | €109,362 | €85,813 | -€23,550 | -21.5% |
| Profit (loss) carried forward | 14 | -€31,079 | €0 | +€31,079 | |
| Amounts payable | 17/49 | €60,636 | €62,333 | +€1,697 | +2.8% |
| Amounts payable within one year | 42/48 | €60,636 | €62,333 | +€1,697 | +2.8% |
| Trade debts | 44 | €5,756 | €4,487 | -€1,269 | -22.0% |
| Suppliers | 440/4 | €5,756 | €4,487 | -€1,269 | -22.0% |
| Taxes, remuneration and social security | 45 | €30,389 | €36,912 | +€6,523 | +21.5% |
| Taxes | 450/3 | €30,389 | €36,912 | +€6,523 | +21.5% |
| Other amounts payable | 47/48 | €24,490 | €20,934 | -€3,556 | -14.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,661 | €0 | -€1,661 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,834 | €1,814 | -€21 | -1.1% |
| Other operating charges | 640/8 | €1,930 | €1,485 | -€445 | -23.0% |
| Non-recurring operating charges | 66A | €1,983 | €0 | -€1,983 | -100% |
| Gross operating margin | 9900 | €16,303 | €69,218 | +€52,916 | +325% |
| Operating profit (loss) | 9901 | €10,555 | €65,919 | +€55,364 | +525% |
| Financial income | 75/76B | €965 | €546 | -€419 | -43.4% |
| Recurring financial income | 75 | €965 | €546 | -€419 | -43.4% |
| Financial charges | 65/66B | €3,465 | €2,603 | -€861 | -24.9% |
| Recurring financial charges | 65 | €3,465 | €2,603 | -€861 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €8,055 | €63,862 | +€55,807 | +693% |
| Income taxes | 67/77 | €2,157 | €18,289 | +€16,131 | +748% |
| Profit (loss) for the period | 9904 | €5,898 | €45,573 | +€39,675 | +673% |
| Profit (loss) for the period to be appropriated | 9905 | €5,898 | €45,573 | +€39,675 | +673% |
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.