SODENO: 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.
SODENO
Largest movements
- Tangible fixed assets -€22,864
down €22,864 (-42.5%), from €53,816 to €30,952
of which Furniture and vehicles: -€20,638
- Current investments -€10,870
down €10,870 (-49.4%), from €22,000 to €11,130
- Stocks and contracts -€6,948
down €6,948 (-53.8%), from €12,915 to €5,967
- Receivables within one year -€2,802
down €2,802 (-48.3%), from €5,802 to €3,000
of which Other amounts receivable: -€5,538
- Deferred charges and accrued income -€1,172
down €1,172 (-54.3%), from €2,159 to €988
- Profit (loss) carried forward -€27,160
down €27,160, from €22,351 to -€4,809
- Current portion of long-term debt -€14,349
no longer reported in 2025 (was €14,349)
- Tax, wage and social debts -€7,916
down €7,916 (-53.3%), from €14,841 to €6,925
of which Taxes: -€9,889
- Other debts +€4,398
up €4,398 (+94.9%), from €4,632 to €9,030
- Gross operating margin -€13,126
down €13,126 (-62.3%), from €21,074 to €7,948
- Write-downs +€7,292
up €7,292, from -€2,100 to €5,192
- Staff costs -€6,808
down €6,808 (-26.3%), from €25,880 to €19,072
- Depreciation -€5,688
down €5,688 (-40.2%), from €14,149 to €8,461
- Other operating charges +€1,773
up €1,773 (+162%), from €1,097 to €2,870
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 | €107,544 | €63,442 | -€44,102 | -41.0% |
| Fixed assets | 21/28 | €53,816 | €30,952 | -€22,864 | -42.5% |
| Tangible fixed assets | 22/27 | €53,816 | €30,952 | -€22,864 | -42.5% |
| Plant, machinery and equipment | 23 | €19,964 | €17,737 | -€2,227 | -11.2% |
| Furniture and vehicles | 24 | €33,852 | €13,214 | -€20,638 | -61.0% |
| Current assets | 29/58 | €53,728 | €32,490 | -€21,238 | -39.5% |
| Stocks and contracts in progress | 3 | €12,915 | €5,967 | -€6,948 | -53.8% |
| Stocks | 30/36 | €12,915 | €5,967 | -€6,948 | -53.8% |
| Amounts receivable within one year | 40/41 | €5,802 | €3,000 | -€2,802 | -48.3% |
| Trade receivables | 40 | €264 | €3,000 | +€2,736 | +1,036% |
| Other amounts receivable | 41 | €5,538 | - | -€5,538 | |
| Current investments | 50/53 | €22,000 | €11,130 | -€10,870 | -49.4% |
| Cash at bank and in hand | 54/58 | €10,851 | €11,405 | +€554 | +5.1% |
| Deferred charges and accrued income | 490/1 | €2,159 | €988 | -€1,172 | -54.3% |
| Total equity and liabilities | 10/49 | €107,544 | €63,442 | -€44,102 | -41.0% |
| Equity | 10/15 | €69,916 | €42,756 | -€27,160 | -38.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €27,565 | €27,565 | = | 0.0% |
| Distributable reserves | 133 | €27,565 | €27,565 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,351 | -€4,809 | -€27,160 | |
| Amounts payable | 17/49 | €37,627 | €20,686 | -€16,942 | -45.0% |
| Amounts payable within one year | 42/48 | €37,627 | €20,686 | -€16,942 | -45.0% |
| Current portion of amounts payable after more than one year | 42 | €14,349 | - | -€14,349 | |
| Trade debts | 44 | €3,805 | €4,731 | +€926 | +24.3% |
| Suppliers | 440/4 | €3,805 | €4,731 | +€926 | +24.3% |
| Taxes, remuneration and social security | 45 | €14,841 | €6,925 | -€7,916 | -53.3% |
| Taxes | 450/3 | €11,853 | €1,964 | -€9,889 | -83.4% |
| Remuneration and social security | 454/9 | €2,988 | €4,961 | +€1,973 | +66.0% |
| Other amounts payable | 47/48 | €4,632 | €9,030 | +€4,398 | +94.9% |
| Remuneration, social security and pensions | 62 | €25,880 | €19,072 | -€6,808 | -26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,149 | €8,461 | -€5,688 | -40.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,100 | €5,192 | +€7,292 | |
| Other operating charges | 640/8 | €1,097 | €2,870 | +€1,773 | +162% |
| Gross operating margin | 9900 | €21,074 | €7,948 | -€13,126 | -62.3% |
| Operating profit (loss) | 9901 | -€17,952 | -€27,647 | -€9,695 | -54.0% |
| Financial income | 75/76B | €1,597 | €1,411 | -€186 | -11.6% |
| Recurring financial income | 75 | €1,597 | €1,411 | -€186 | -11.6% |
| Financial charges | 65/66B | €960 | €435 | -€525 | -54.6% |
| Recurring financial charges | 65 | €960 | €435 | -€525 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | -€17,315 | -€26,671 | -€9,356 | -54.0% |
| Income taxes | 67/77 | €503 | €489 | -€14 | -2.7% |
| Profit (loss) for the period | 9904 | -€17,817 | -€27,160 | -€9,343 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,817 | -€27,160 | -€9,343 | -52.4% |
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.