SODESA: 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.
SODESA
Largest movements
- Receivables after one year +€4,154
up €4,154 (+12.0%), from €34,655 to €38,809
- Tax, wage and social debts +€5,622
new in 2025: €5,622
- Profit (loss) carried forward -€3,973
down €3,973 (-14.5%), from -€27,310 to -€31,283
- Other operating charges +€1,530
up €1,530 (+26.2%), from €5,839 to €7,369
- Gross operating margin -€670
down €670 (-10.9%), from €6,171 to €5,501
- Purchases and services +€669
up €669 (+8.9%), from €7,515 to €8,184
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €284,454 | €286,503 | +€2,049 | +0.7% |
| Fixed assets | 21/28 | €249,799 | €247,694 | -€2,105 | -0.8% |
| Tangible fixed assets | 22/27 | €249,799 | €247,694 | -€2,105 | -0.8% |
| Land and buildings | 22 | €237,864 | €236,477 | -€1,387 | -0.6% |
| Plant, machinery and equipment | 23 | €11,935 | €11,217 | -€718 | -6.0% |
| Current assets | 29/58 | €34,655 | €38,809 | +€4,154 | +12.0% |
| Amounts receivable after more than one year | 29 | €34,655 | €38,809 | +€4,154 | +12.0% |
| Other amounts receivable | 291 | €34,655 | €38,809 | +€4,154 | +12.0% |
| Total equity and liabilities | 10/49 | €284,454 | €286,503 | +€2,049 | +0.7% |
| Equity | 10/15 | €284,454 | €280,481 | -€3,973 | -1.4% |
| Contributions | 10/11 | €309,867 | €309,867 | = | 0.0% |
| Capital | 10 | €309,867 | €309,867 | = | 0.0% |
| Issued capital | 100 | €309,867 | €309,867 | = | 0.0% |
| Reserves | 13 | €1,897 | €1,897 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,897 | €1,897 | = | 0.0% |
| Legal reserve | 130 | €1,897 | €1,897 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,310 | -€31,283 | -€3,973 | -14.5% |
| Amounts payable | 17/49 | - | €6,022 | +€6,022 | |
| Amounts payable within one year | 42/48 | - | €6,022 | +€6,022 | |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | - | €5,622 | +€5,622 | |
| Taxes | 450/3 | - | €5,622 | +€5,622 | |
| Turnover | 70 | €13,686 | €13,686 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,515 | €8,184 | +€669 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,104 | €2,104 | = | 0.0% |
| Other operating charges | 640/8 | €5,839 | €7,369 | +€1,530 | +26.2% |
| Gross operating margin | 9900 | €6,171 | €5,501 | -€670 | -10.9% |
| Operating profit (loss) | 9901 | -€1,772 | -€3,972 | -€2,200 | -124.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,772 | -€3,972 | -€2,200 | -124.2% |
| Profit (loss) for the period | 9904 | -€1,772 | -€3,972 | -€2,200 | -124.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,772 | -€3,972 | -€2,200 | -124.2% |
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 29 September 2026 via checked.be.