SODEPA: 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
SODEPA
NACE 46.432, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€90,091
2024 · €58,022+€32,069
Equity
€846,135
2024 · €854,044-€7,909
Cash
€152,319
2024 · €155,434-€3,115
Balance sheet total
€1.0m
2024 · €1.0m+€16,196
Largest movements
Assets
- Receivables within one year +€15,828
up €15,828 (+51.5%), from €30,705 to €46,533
of which Other amounts receivable: +€17,598
Equity and liabilities
- Other debts +€27,263
up €27,263 (+38.5%), from €70,737 to €98,000
Income statement
- Staff costs -€22,733
down €22,733 (-8.4%), from €270,118 to €247,385
- Gross operating margin +€18,065
up €18,065 (+4.6%), from €393,761 to €411,826
- Taxes +€12,608
up €12,608 (+55.5%), from €22,698 to €35,307
- Financial income +€8,380
up €8,380 (+60.2%), from €13,927 to €22,307
of which Non-recurring financial income: +€10,331
- Depreciation +€4,285
up €4,285 (+9.2%), from €46,566 to €50,852
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
€58,022
Gross operating margin
+€18,065
Staff costs
+€22,733
Depreciation
-€4,285
Other operating charges
-€594
Other operating items
+€271
Financial income
+€8,380
Financial charges
+€109
Taxes
-€12,608
Result 2025
€90,091
raises the resultlowers the resultnot broken down further in the accounts
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
+€146,697
Investment
-€51,811
Financing
-€98,000
Cash 2024
€155,434
From operations (derived)
+€146,697
Net result for the year
+€90,091
Depreciation
+€50,852
Stocks and contracts
+€933
Receivables within one year
-€15,828
Deferred charges and accrued income
-€3,456
Trade debts
-€3,378
Smaller working-capital items
+€220
Other debts
+€27,263
Investment (derived)
-€51,811
Investment in fixed assets (net)
-€51,992
Current investments
+€181
Financing
-€98,000
Contributions, distributions and other
-€98,000
Cash 2025
€152,319
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,017,293 | €1,033,489 | +€16,196 | +1.6% |
| Fixed assets | 21/28 | €182,893 | €184,034 | +€1,141 | +0.6% |
| Tangible fixed assets | 22/27 | €182,522 | €183,662 | +€1,141 | +0.6% |
| Land and buildings | 22 | €127,278 | €100,896 | -€26,382 | -20.7% |
| Plant, machinery and equipment | 23 | €9,101 | €2,290 | -€6,810 | -74.8% |
| Furniture and vehicles | 24 | €39,828 | €75,603 | +€35,775 | +89.8% |
| Other tangible fixed assets | 26 | €6,315 | €4,873 | -€1,442 | -22.8% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €834,399 | €849,455 | +€15,056 | +1.8% |
| Stocks and contracts in progress | 3 | €186,718 | €185,786 | -€933 | -0.5% |
| Stocks | 30/36 | €186,718 | €185,786 | -€933 | -0.5% |
| Amounts receivable within one year | 40/41 | €30,705 | €46,533 | +€15,828 | +51.5% |
| Trade receivables | 40 | €8,393 | €6,624 | -€1,770 | -21.1% |
| Other amounts receivable | 41 | €22,311 | €39,909 | +€17,598 | +78.9% |
| Current investments | 50/53 | €454,409 | €454,228 | -€181 | 0.0% |
| Cash at bank and in hand | 54/58 | €155,434 | €152,319 | -€3,115 | -2.0% |
| Deferred charges and accrued income | 490/1 | €7,133 | €10,589 | +€3,456 | +48.4% |
| Total equity and liabilities | 10/49 | €1,017,293 | €1,033,489 | +€16,196 | +1.6% |
| Equity | 10/15 | €854,044 | €846,135 | -€7,909 | -0.9% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €784,044 | €776,135 | -€7,909 | -1.0% |
| Distributable reserves | 133 | €784,044 | €776,135 | -€7,909 | -1.0% |
| Amounts payable | 17/49 | €163,249 | €187,355 | +€24,105 | +14.8% |
| Amounts payable within one year | 42/48 | €162,725 | €186,829 | +€24,104 | +14.8% |
| Trade debts | 44 | €43,077 | €39,699 | -€3,378 | -7.8% |
| Suppliers | 440/4 | €43,077 | €39,699 | -€3,378 | -7.8% |
| Taxes, remuneration and social security | 45 | €48,911 | €49,130 | +€219 | +0.4% |
| Taxes | 450/3 | €6,369 | €13,733 | +€7,364 | +116% |
| Remuneration and social security | 454/9 | €42,542 | €35,397 | -€7,145 | -16.8% |
| Other amounts payable | 47/48 | €70,737 | €98,000 | +€27,263 | +38.5% |
| Accrued charges and deferred income | 492/3 | €525 | €526 | +€1 | +0.2% |
| Remuneration, social security and pensions | 62 | €270,118 | €247,385 | -€22,733 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,566 | €50,852 | +€4,285 | +9.2% |
| Other operating charges | 640/8 | €9,298 | €9,892 | +€594 | +6.4% |
| Non-recurring operating charges | 66A | €271 | - | -€271 | |
| Gross operating margin | 9900 | €393,761 | €411,826 | +€18,065 | +4.6% |
| Operating profit (loss) | 9901 | €67,507 | €103,697 | +€36,189 | +53.6% |
| Financial income | 75/76B | €13,927 | €22,307 | +€8,380 | +60.2% |
| Recurring financial income | 75 | €13,927 | €11,976 | -€1,951 | -14.0% |
| Non-recurring financial income | 76B | - | €10,331 | +€10,331 | |
| Financial charges | 65/66B | €714 | €606 | -€109 | -15.2% |
| Recurring financial charges | 65 | €714 | €606 | -€109 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €80,720 | €125,398 | +€44,678 | +55.3% |
| Income taxes | 67/77 | €22,698 | €35,307 | +€12,608 | +55.5% |
| Profit (loss) for the period | 9904 | €58,022 | €90,091 | +€32,069 | +55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,022 | €90,091 | +€32,069 | +55.3% |
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 19 October 2026 via checked.be.