SODETECH: 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.
SODETECH
Largest movements
- Cash +€11,776
up €11,776 (+339.6%), from €3,467 to €15,243
mainly Tax, wage and social debts (+€20,336) and Net result for the year (+€16,403)
- Tangible fixed assets -€10,634
down €10,634 (-14.6%), from €72,711 to €62,077
of which Leasing and similar rights: -€9,820
- Receivables within one year +€3,172
up €3,172 (+33.8%), from €9,371 to €12,543
of which Other amounts receivable: +€8,290
- Stocks and contracts +€2,385
up €2,385 (+5.0%), from €47,915 to €50,300
- Tax, wage and social debts +€20,336
up €20,336 (+210.1%), from €9,680 to €30,016
of which Taxes: +€14,460
- Reserves +€16,403
up €16,403 (+57.9%), from €28,319 to €44,723
- Trade debts -€13,498
down €13,498 (-30.5%), from €44,273 to €30,775
- Other debts -€10,574
down €10,574 (-80.7%), from €13,097 to €2,523
- Debts after one year -€6,838
down €6,838 (-23.5%), from €29,126 to €22,287
- Gross operating margin +€30,698
up €30,698 (+48.6%), from €63,174 to €93,871
- Staff costs +€20,790
up €20,790 (+67.8%), from €30,682 to €51,472
- Taxes +€5,246
new in 2025: €5,246
- Depreciation +€4,893
up €4,893 (+42.7%), from €11,468 to €16,362
- Other operating charges +€955
up €955 (+271.6%), from €352 to €1,307
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 | €133,464 | €140,163 | +€6,698 | +5.0% |
| Fixed assets | 21/28 | €72,711 | €62,077 | -€10,634 | -14.6% |
| Tangible fixed assets | 22/27 | €72,711 | €62,077 | -€10,634 | -14.6% |
| Plant, machinery and equipment | 23 | €25,802 | €27,153 | +€1,351 | +5.2% |
| Furniture and vehicles | 24 | €4,328 | €2,163 | -€2,165 | -50.0% |
| Leasing and similar rights | 25 | €42,580 | €32,760 | -€9,820 | -23.1% |
| Current assets | 29/58 | €60,754 | €78,086 | +€17,332 | +28.5% |
| Stocks and contracts in progress | 3 | €47,915 | €50,300 | +€2,385 | +5.0% |
| Stocks | 30/36 | €47,915 | €50,300 | +€2,385 | +5.0% |
| Amounts receivable within one year | 40/41 | €9,371 | €12,543 | +€3,172 | +33.8% |
| Trade receivables | 40 | €9,371 | €4,253 | -€5,118 | -54.6% |
| Other amounts receivable | 41 | - | €8,290 | +€8,290 | |
| Cash at bank and in hand | 54/58 | €3,467 | €15,243 | +€11,776 | +339.6% |
| Total equity and liabilities | 10/49 | €133,464 | €140,163 | +€6,698 | +5.0% |
| Equity | 10/15 | €31,319 | €47,723 | +€16,403 | +52.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €28,319 | €44,723 | +€16,403 | +57.9% |
| Distributable reserves | 133 | €28,319 | €44,723 | +€16,403 | +57.9% |
| Amounts payable | 17/49 | €102,145 | €92,440 | -€9,705 | -9.5% |
| Amounts payable after more than one year | 17 | €29,126 | €22,287 | -€6,838 | -23.5% |
| Financial debts | 170/4 | €29,126 | €22,287 | -€6,838 | -23.5% |
| Amounts payable within one year | 42/48 | €73,019 | €70,153 | -€2,867 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €5,970 | €6,838 | +€868 | +14.5% |
| Trade debts | 44 | €44,273 | €30,775 | -€13,498 | -30.5% |
| Suppliers | 440/4 | €44,273 | €30,775 | -€13,498 | -30.5% |
| Taxes, remuneration and social security | 45 | €9,680 | €30,016 | +€20,336 | +210.1% |
| Taxes | 450/3 | €8,924 | €23,384 | +€14,460 | +162.0% |
| Remuneration and social security | 454/9 | €756 | €6,632 | +€5,876 | +777.5% |
| Other amounts payable | 47/48 | €13,097 | €2,523 | -€10,574 | -80.7% |
| Remuneration, social security and pensions | 62 | €30,682 | €51,472 | +€20,790 | +67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,468 | €16,362 | +€4,893 | +42.7% |
| Other operating charges | 640/8 | €352 | €1,307 | +€955 | +271.6% |
| Gross operating margin | 9900 | €63,174 | €93,871 | +€30,698 | +48.6% |
| Operating profit (loss) | 9901 | €20,672 | €24,730 | +€4,058 | +19.6% |
| Financial income | 75/76B | €62 | €4 | -€58 | -93.5% |
| Recurring financial income | 75 | €62 | €4 | -€58 | -93.5% |
| Financial charges | 65/66B | €3,266 | €3,085 | -€181 | -5.6% |
| Recurring financial charges | 65 | €3,266 | €3,085 | -€181 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €17,468 | €21,650 | +€4,181 | +23.9% |
| Income taxes | 67/77 | - | €5,246 | +€5,246 | |
| Profit (loss) for the period | 9904 | €17,468 | €16,403 | -€1,065 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,468 | €16,403 | -€1,065 | -6.1% |
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 9 October 2026 via checked.be.