SODERWI: 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.
SODERWI
Largest movements
- Tangible fixed assets -€40,328
down €40,328 (-7.0%), from €575,539 to €535,211
of which Land and buildings: -€26,939
- Cash -€38,700
down €38,700 (-27.5%), from €140,572 to €101,872
mainly Debts after one year (-€47,332) and Net result for the year (-€33,452)
- Debts after one year -€47,332
down €47,332 (-41.7%), from €113,410 to €66,078
- Profit (loss) carried forward -€33,452
down €33,452, from €1,275 to -€32,177
- Gross operating margin -€73,089
down €73,089 (-87.0%), from €83,989 to €10,900
- Taxes -€14,631
down €14,631 (-98.1%), from €14,918 to €287
- Depreciation +€7,645
up €7,645 (+23.4%), from €32,683 to €40,328
- Financial income +€1,264
up €1,264 (+80.0%), from €1,579 to €2,843
- Financial charges -€1,098
down €1,098 (-19.7%), from €5,572 to €4,475
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €766,774 | €681,671 | -€85,104 | -11.1% |
| Fixed assets | 21/28 | €575,539 | €535,211 | -€40,328 | -7.0% |
| Tangible fixed assets | 22/27 | €575,539 | €535,211 | -€40,328 | -7.0% |
| Land and buildings | 22 | €542,892 | €515,953 | -€26,939 | -5.0% |
| Plant, machinery and equipment | 23 | €774 | €51 | -€723 | -93.5% |
| Furniture and vehicles | 24 | €31,873 | €19,207 | -€12,666 | -39.7% |
| Current assets | 29/58 | €191,236 | €146,460 | -€44,775 | -23.4% |
| Amounts receivable within one year | 40/41 | €35,732 | €35,382 | -€350 | -1.0% |
| Trade receivables | 40 | €250 | - | -€250 | |
| Other amounts receivable | 41 | €35,482 | €35,382 | -€100 | -0.3% |
| Cash at bank and in hand | 54/58 | €140,572 | €101,872 | -€38,700 | -27.5% |
| Deferred charges and accrued income | 490/1 | €14,932 | €9,206 | -€5,726 | -38.3% |
| Total equity and liabilities | 10/49 | €766,774 | €681,671 | -€85,104 | -11.1% |
| Equity | 10/15 | €600,243 | €566,791 | -€33,452 | -5.6% |
| Contributions | 10/11 | €12,405 | €12,405 | = | 0.0% |
| Reserves | 13 | €586,563 | €586,563 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,713 | €7,713 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,713 | €7,713 | = | 0.0% |
| Distributable reserves | 133 | €578,850 | €578,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,275 | -€32,177 | -€33,452 | |
| Amounts payable | 17/49 | €166,531 | €114,879 | -€51,652 | -31.0% |
| Amounts payable after more than one year | 17 | €113,410 | €66,078 | -€47,332 | -41.7% |
| Financial debts | 170/4 | €113,410 | €66,078 | -€47,332 | -41.7% |
| Amounts payable within one year | 42/48 | €52,722 | €48,801 | -€3,920 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €46,870 | €47,332 | +€462 | +1.0% |
| Trade debts | 44 | €5,852 | €1,469 | -€4,383 | -74.9% |
| Suppliers | 440/4 | €5,852 | €1,469 | -€4,383 | -74.9% |
| Accrued charges and deferred income | 492/3 | €399 | - | -€399 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,683 | €40,328 | +€7,645 | +23.4% |
| Other operating charges | 640/8 | €2,546 | €2,105 | -€441 | -17.3% |
| Gross operating margin | 9900 | €83,989 | €10,900 | -€73,089 | -87.0% |
| Operating profit (loss) | 9901 | €48,760 | -€31,533 | -€80,293 | |
| Financial income | 75/76B | €1,579 | €2,843 | +€1,264 | +80.0% |
| Recurring financial income | 75 | €1,579 | €2,843 | +€1,264 | +80.0% |
| Financial charges | 65/66B | €5,572 | €4,475 | -€1,098 | -19.7% |
| Recurring financial charges | 65 | €5,572 | €4,475 | -€1,098 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €44,766 | -€33,165 | -€77,931 | |
| Income taxes | 67/77 | €14,918 | €287 | -€14,631 | -98.1% |
| Profit (loss) for the period | 9904 | €29,848 | -€33,452 | -€63,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,848 | -€33,452 | -€63,300 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.