Sodeso: 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.
Sodeso
Largest movements
- Receivables after one year +€114,607
up €114,607 (+22.1%), from €517,911 to €632,518
- Receivables within one year +€64,866
up €64,866 (+137.3%), from €47,236 to €112,102
of which Other amounts receivable: +€42,040
- Cash -€36,746
down €36,746 (-14.9%), from €246,558 to €209,813
mainly Receivables after one year (-€114,607) and Contributions, distributions and other (-€88,020)
- Reserves +€128,523
up €128,523 (+10.4%), from €1.2m to €1.4m
- Accrued charges and deferred income +€16,914
up €16,914 (+35.3%), from €47,878 to €64,793
- Gross operating margin -€42,787
down €42,787 (-10.6%), from €405,404 to €362,616
- Taxes -€11,994
down €11,994 (-10.8%), from €110,675 to €98,681
- Depreciation +€4,644
up €4,644 (+11.1%), from €41,909 to €46,553
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,316,742 | €1,450,618 | +€133,876 | +10.2% |
| Fixed assets | 21/28 | €505,037 | €496,185 | -€8,852 | -1.8% |
| Tangible fixed assets | 22/27 | €503,537 | €494,685 | -€8,852 | -1.8% |
| Land and buildings | 22 | €213,352 | €203,076 | -€10,275 | -4.8% |
| Plant, machinery and equipment | 23 | €26,303 | €27,144 | +€841 | +3.2% |
| Furniture and vehicles | 24 | €22,219 | €42,936 | +€20,717 | +93.2% |
| Other tangible fixed assets | 26 | €241,664 | €221,529 | -€20,134 | -8.3% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €811,705 | €954,433 | +€142,727 | +17.6% |
| Amounts receivable after more than one year | 29 | €517,911 | €632,518 | +€114,607 | +22.1% |
| Other amounts receivable | 291 | €517,911 | €632,518 | +€114,607 | +22.1% |
| Amounts receivable within one year | 40/41 | €47,236 | €112,102 | +€64,866 | +137.3% |
| Trade receivables | 40 | €23,679 | €46,505 | +€22,826 | +96.4% |
| Other amounts receivable | 41 | €23,557 | €65,597 | +€42,040 | +178.5% |
| Cash at bank and in hand | 54/58 | €246,558 | €209,813 | -€36,746 | -14.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,316,742 | €1,450,618 | +€133,876 | +10.2% |
| Equity | 10/15 | €1,240,161 | €1,368,685 | +€128,523 | +10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,233,961 | €1,362,485 | +€128,523 | +10.4% |
| Distributable reserves | 133 | €1,233,961 | €1,362,485 | +€128,523 | +10.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €76,581 | €81,933 | +€5,352 | +7.0% |
| Amounts payable within one year | 42/48 | €28,703 | €17,140 | -€11,562 | -40.3% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €1,312 | €1,140 | -€172 | -13.1% |
| Suppliers | 440/4 | €1,312 | €1,140 | -€172 | -13.1% |
| Taxes, remuneration and social security | 45 | €11,391 | €0 | -€11,391 | -100.0% |
| Taxes | 450/3 | €11,391 | €0 | -€11,391 | -100.0% |
| Other amounts payable | 47/48 | €1,000 | €1,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €47,878 | €64,793 | +€16,914 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,909 | €46,553 | +€4,644 | +11.1% |
| Other operating charges | 640/8 | €1,756 | €1,375 | -€381 | -21.7% |
| Gross operating margin | 9900 | €405,404 | €362,616 | -€42,787 | -10.6% |
| Operating profit (loss) | 9901 | €361,739 | €314,689 | -€47,050 | -13.0% |
| Financial income | 75/76B | €1,285 | €2,208 | +€923 | +71.8% |
| Recurring financial income | 75 | €1,285 | €2,208 | +€923 | +71.8% |
| Financial charges | 65/66B | €2,886 | €1,673 | -€1,212 | -42.0% |
| Recurring financial charges | 65 | €2,886 | €1,673 | -€1,212 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | €360,139 | €315,224 | -€44,915 | -12.5% |
| Income taxes | 67/77 | €110,675 | €98,681 | -€11,994 | -10.8% |
| Profit (loss) for the period | 9904 | €249,464 | €216,543 | -€32,921 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €249,464 | €216,543 | -€32,921 | -13.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.