SODERMANS: what changed
Two fiscal 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
SODERMANS
NACE 47.712, Retail trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€49,392
2024 · -€737-€48,655
Equity
€492,955
2024 · €99,683+€393,272
Cash
€783
2024 · €680+€103
Balance sheet total
€1.0m
2024 · €654,528+€349,181
Largest movements
Assets
- Tangible fixed assets +€402,640
up €402,640 (+115.0%), from €350,015 to €752,656
of which Land and buildings: +€404,111
- Stocks and contracts -€52,185
down €52,185 (-17.6%), from €295,879 to €243,694
Equity and liabilities
- Revaluation surpluses +€442,664
new in 2025: €442,664
- Debts after one year -€44,610
down €44,610 (-15.8%), from €282,223 to €237,613
- Reserves -€37,683
no longer reported in 2025 (was €37,683)
- Profit (loss) carried forward -€11,709
new in 2025: -€11,709
Income statement
- Gross operating margin -€49,641
down €49,641 (-40.5%), from €122,676 to €73,035
- Financial charges -€1,512
down €1,512 (-6.0%), from €25,186 to €23,674
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
-€737
Gross operating margin
-€49,641
Staff costs
-€800
Depreciation
+€738
Other operating charges
-€618
Financial income
+€153
Financial charges
+€1,512
Taxes
-€0
Result 2025
-€49,392
Cash bridge derived
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
+€50,981
Investment
-€445,006
Financing
+€394,127
Cash 2024
€680
From operations (derived)
+€50,981
Net result for the year
-€49,392
Depreciation
+€42,366
Stocks and contracts
+€52,185
Receivables within one year
+€1,419
Smaller working-capital items
-€431
Trade debts
+€4,835
Investment (derived)
-€445,006
Investment in fixed assets (net)
-€445,006
Financing
+€394,127
Debts after one year
-€44,610
Current portion of long-term debt
+€1,815
Short-term financial debts
-€5,741
Contributions, distributions and other
+€442,664
Cash 2025
€783
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €654,528 | €1,003,709 | +€349,181 | +53.3% |
| Fixed assets | 21/28 | €350,015 | €752,656 | +€402,640 | +115.0% |
| Tangible fixed assets | 22/27 | €350,015 | €752,656 | +€402,640 | +115.0% |
| Land and buildings | 22 | €344,889 | €749,000 | +€404,111 | +117.2% |
| Plant, machinery and equipment | 23 | €2,314 | €2,566 | +€252 | +10.9% |
| Furniture and vehicles | 24 | €2,050 | €637 | -€1,413 | -68.9% |
| Other tangible fixed assets | 26 | €763 | €453 | -€310 | -40.6% |
| Current assets | 29/58 | €304,512 | €251,053 | -€53,459 | -17.6% |
| Stocks and contracts in progress | 3 | €295,879 | €243,694 | -€52,185 | -17.6% |
| Stocks | 30/36 | €295,879 | €243,694 | -€52,185 | -17.6% |
| Amounts receivable within one year | 40/41 | €6,317 | €4,899 | -€1,419 | -22.5% |
| Trade receivables | 40 | €1,983 | €564 | -€1,419 | -71.5% |
| Other amounts receivable | 41 | €4,335 | €4,335 | = | 0.0% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €680 | €783 | +€103 | +15.1% |
| Deferred charges and accrued income | 490/1 | €1,386 | €1,428 | +€42 | +3.0% |
| Total equity and liabilities | 10/49 | €654,528 | €1,003,709 | +€349,181 | +53.3% |
| Equity | 10/15 | €99,683 | €492,955 | +€393,272 | +394.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €442,664 | +€442,664 | |
| Reserves | 13 | €37,683 | - | -€37,683 | |
| Distributable reserves | 133 | €37,683 | - | -€37,683 | |
| Profit (loss) carried forward | 14 | - | -€11,709 | -€11,709 | |
| Amounts payable | 17/49 | €554,845 | €510,754 | -€44,090 | -7.9% |
| Amounts payable after more than one year | 17 | €282,223 | €237,613 | -€44,610 | -15.8% |
| Financial debts | 170/4 | €282,223 | €237,613 | -€44,610 | -15.8% |
| Amounts payable within one year | 42/48 | €272,621 | €273,141 | +€520 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €42,795 | €44,610 | +€1,815 | +4.2% |
| Financial debts | 43 | €145,864 | €140,122 | -€5,741 | -3.9% |
| Credit institutions | 430/8 | €145,864 | €140,122 | -€5,741 | -3.9% |
| Trade debts | 44 | €10,849 | €15,685 | +€4,835 | +44.6% |
| Suppliers | 440/4 | €10,849 | €15,685 | +€4,835 | +44.6% |
| Taxes, remuneration and social security | 45 | €13,213 | €12,824 | -€389 | -2.9% |
| Taxes | 450/3 | €6,598 | €5,984 | -€614 | -9.3% |
| Remuneration and social security | 454/9 | €6,615 | €6,840 | +€225 | +3.4% |
| Other amounts payable | 47/48 | €59,900 | €59,900 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €49,630 | €50,430 | +€800 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,104 | €42,366 | -€738 | -1.7% |
| Other operating charges | 640/8 | €5,391 | €6,010 | +€618 | +11.5% |
| Gross operating margin | 9900 | €122,676 | €73,035 | -€49,641 | -40.5% |
| Operating profit (loss) | 9901 | €24,551 | -€25,770 | -€50,321 | |
| Financial income | 75/76B | €65 | €218 | +€153 | +237.1% |
| Recurring financial income | 75 | €65 | €218 | +€153 | +237.1% |
| Financial charges | 65/66B | €25,186 | €23,674 | -€1,512 | -6.0% |
| Recurring financial charges | 65 | €25,186 | €23,674 | -€1,512 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | -€571 | -€49,227 | -€48,655 | -8517.7% |
| Income taxes | 67/77 | €165 | €165 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€737 | -€49,392 | -€48,655 | -6605.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€737 | -€49,392 | -€48,655 | -6605.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.