SODERGI: 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.
SODERGI
Largest movements
- Cash +€106,907
up €106,907 (+81.9%), from €130,598 to €237,505
mainly Other debts (+€195,713) and Net result for the year (+€149,583)
- Other debts +€195,713
up €195,713 (+264%), from €74,143 to €269,857
- Reserves -€135,000
down €135,000 (-25.2%), from €535,860 to €400,860
- Tax, wage and social debts +€42,561
up €42,561 (+145%), from €29,298 to €71,859
- Gross operating margin +€13,908
up €13,908 (+7.0%), from €197,872 to €211,780
- Taxes +€4,149
up €4,149 (+6.8%), from €60,857 to €65,006
- Financial income -€2,246
down €2,246 (-26.6%), from €8,452 to €6,207
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 | €664,760 | €767,857 | +€103,097 | +15.5% |
| Fixed assets | 21/28 | €10,910 | €9,024 | -€1,887 | -17.3% |
| Tangible fixed assets | 22/27 | €5,410 | €3,524 | -€1,887 | -34.9% |
| Furniture and vehicles | 24 | €5,410 | €3,524 | -€1,887 | -34.9% |
| Financial fixed assets | 28 | €5,500 | €5,500 | = | 0.0% |
| Current assets | 29/58 | €653,850 | €758,833 | +€104,983 | +16.1% |
| Current investments | 50/53 | €523,000 | €521,162 | -€1,838 | -0.4% |
| Cash at bank and in hand | 54/58 | €130,598 | €237,505 | +€106,907 | +81.9% |
| Deferred charges and accrued income | 490/1 | €253 | €167 | -€86 | -33.9% |
| Total equity and liabilities | 10/49 | €664,760 | €767,857 | +€103,097 | +15.5% |
| Equity | 10/15 | €560,558 | €426,141 | -€134,417 | -24.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €535,860 | €400,860 | -€135,000 | -25.2% |
| Distributable reserves | 133 | €535,860 | €400,860 | -€135,000 | -25.2% |
| Profit (loss) carried forward | 14 | €6,098 | €6,681 | +€583 | +9.6% |
| Amounts payable | 17/49 | €104,203 | €341,716 | +€237,513 | +228% |
| Amounts payable within one year | 42/48 | €104,203 | €341,716 | +€237,513 | +228% |
| Trade debts | 44 | €761 | - | -€761 | |
| Suppliers | 440/4 | €761 | - | -€761 | |
| Taxes, remuneration and social security | 45 | €29,298 | €71,859 | +€42,561 | +145% |
| Taxes | 450/3 | €29,298 | €71,859 | +€42,561 | +145% |
| Other amounts payable | 47/48 | €74,143 | €269,857 | +€195,713 | +264% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,239 | €1,887 | -€352 | -15.7% |
| Other operating charges | 640/8 | €892 | €776 | -€116 | -13.0% |
| Gross operating margin | 9900 | €197,872 | €211,780 | +€13,908 | +7.0% |
| Operating profit (loss) | 9901 | €194,741 | €209,117 | +€14,376 | +7.4% |
| Financial income | 75/76B | €8,452 | €6,207 | -€2,246 | -26.6% |
| Recurring financial income | 75 | €8,452 | €6,207 | -€2,246 | -26.6% |
| Financial charges | 65/66B | €841 | €734 | -€107 | -12.7% |
| Recurring financial charges | 65 | €841 | €734 | -€107 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €202,353 | €214,590 | +€12,237 | +6.0% |
| Income taxes | 67/77 | €60,857 | €65,006 | +€4,149 | +6.8% |
| Profit (loss) for the period | 9904 | €141,495 | €149,583 | +€8,088 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €141,495 | €149,583 | +€8,088 | +5.7% |
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 17 October 2026 via checked.be.