SODETHO: 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.
SODETHO
Largest movements
- Cash -€14,581
down €14,581 (-51.6%), from €28,283 to €13,702
mainly Current portion of long-term debt (-€7,767) and Net result for the year (-€7,172)
- Tangible fixed assets -€3,139
down €3,139 (-3.8%), from €81,778 to €78,639
- Current portion of long-term debt -€7,767
down €7,767 (-74.7%), from €10,399 to €2,632
- Profit (loss) carried forward -€7,172
down €7,172 (-19.5%), from €36,773 to €29,601
- Debts after one year -€2,632
no longer reported in 2025 (was €2,632)
- Gross operating margin -€193,137
down €193,137, from €190,857 to -€2,280
- Other operating charges -€23,658
down €23,658 (-94.7%), from €24,984 to €1,326
- Taxes -€11,555
no longer reported in 2025 (was €11,555)
- Financial charges -€5,759
down €5,759 (-93.1%), from €6,185 to €426
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 | €120,710 | €103,539 | -€17,171 | -14.2% |
| Fixed assets | 21/28 | €81,778 | €78,639 | -€3,139 | -3.8% |
| Tangible fixed assets | 22/27 | €81,778 | €78,639 | -€3,139 | -3.8% |
| Land and buildings | 22 | €81,778 | €78,639 | -€3,139 | -3.8% |
| Current assets | 29/58 | €38,932 | €24,900 | -€14,032 | -36.0% |
| Amounts receivable after more than one year | 29 | €1,501 | €1,501 | -€0 | 0.0% |
| Trade receivables | 290 | €1,501 | €1,501 | -€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €8,976 | €9,561 | +€585 | +6.5% |
| Trade receivables | 40 | €435 | €847 | +€412 | +94.9% |
| Other amounts receivable | 41 | €8,541 | €8,714 | +€173 | +2.0% |
| Cash at bank and in hand | 54/58 | €28,283 | €13,702 | -€14,581 | -51.6% |
| Deferred charges and accrued income | 490/1 | €171 | €136 | -€35 | -20.6% |
| Total equity and liabilities | 10/49 | €120,710 | €103,539 | -€17,171 | -14.2% |
| Equity | 10/15 | €77,189 | €70,017 | -€7,172 | -9.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €21,824 | €21,824 | -€0 | 0.0% |
| Distributable reserves | 133 | €21,824 | €21,824 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €36,773 | €29,601 | -€7,172 | -19.5% |
| Amounts payable | 17/49 | €43,521 | €33,522 | -€9,999 | -23.0% |
| Amounts payable after more than one year | 17 | €2,632 | - | -€2,632 | |
| Financial debts | 170/4 | €2,632 | - | -€2,632 | |
| Amounts payable within one year | 42/48 | €40,590 | €33,422 | -€7,168 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €10,399 | €2,632 | -€7,767 | -74.7% |
| Trade debts | 44 | - | €598 | +€598 | |
| Suppliers | 440/4 | - | €598 | +€598 | |
| Other amounts payable | 47/48 | €30,192 | €30,192 | +€0 | 0.0% |
| Accrued charges and deferred income | 492/3 | €298 | €100 | -€198 | -66.5% |
| Non-recurring operating income | 76A | €187,816 | - | -€187,816 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,140 | €3,140 | +€0 | 0.0% |
| Other operating charges | 640/8 | €24,984 | €1,326 | -€23,658 | -94.7% |
| Gross operating margin | 9900 | €190,857 | -€2,280 | -€193,137 | |
| Operating profit (loss) | 9901 | €162,734 | -€6,746 | -€169,480 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €6,185 | €426 | -€5,759 | -93.1% |
| Recurring financial charges | 65 | €6,185 | €426 | -€5,759 | -93.1% |
| Profit (loss) for the period before taxes | 9903 | €156,548 | -€7,172 | -€163,720 | |
| Income taxes | 67/77 | €11,555 | - | -€11,555 | |
| Profit (loss) for the period | 9904 | €144,993 | -€7,172 | -€152,165 | |
| Profit (loss) for the period to be appropriated | 9905 | €144,993 | -€7,172 | -€152,165 |
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 1 October 2026 via checked.be.