SODETIS: 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.
SODETIS
Largest movements
- Current investments +€150,000
up €150,000 (+100%), from €150,000 to €300,000
- Cash +€80,133
up €80,133 (+32.5%), from €246,901 to €327,034
mainly Other debts (+€351,470) and Net result for the year (+€195,553)
- Receivables within one year -€53,123
down €53,123 (-66.9%), from €79,384 to €26,261
of which Other amounts receivable: -€56,817
- Tangible fixed assets -€20,172
down €20,172 (-19.6%), from €102,819 to €82,647
of which Plant, machinery and equipment: -€16,309
- Other debts +€351,470
up €351,470 (+937%), from €37,530 to €389,000
- Reserves -€193,500
down €193,500 (-30.9%), from €626,000 to €432,500
- Debts after one year -€12,518
no longer reported in 2025 (was €12,518)
- Gross operating margin +€94,605
up €94,605 (+41.8%), from €226,567 to €321,172
- Taxes -€7,190
down €7,190 (-7.8%), from €91,639 to €84,449
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.
Derived cash bridge
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 | €810,857 | €963,987 | +€153,130 | +18.9% |
| Fixed assets | 21/28 | €104,195 | €83,647 | -€20,548 | -19.7% |
| Intangible fixed assets | 21 | €376 | - | -€376 | |
| Tangible fixed assets | 22/27 | €102,819 | €82,647 | -€20,172 | -19.6% |
| Plant, machinery and equipment | 23 | €28,660 | €12,351 | -€16,309 | -56.9% |
| Furniture and vehicles | 24 | €4,073 | €1,084 | -€2,990 | -73.4% |
| Other tangible fixed assets | 26 | €70,085 | €69,212 | -€873 | -1.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €706,662 | €880,340 | +€173,678 | +24.6% |
| Amounts receivable after more than one year | 29 | €175,000 | €175,000 | = | 0.0% |
| Other amounts receivable | 291 | €175,000 | €175,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €14,146 | €18,812 | +€4,666 | +33.0% |
| Stocks | 30/36 | €14,146 | €18,812 | +€4,666 | +33.0% |
| Amounts receivable within one year | 40/41 | €79,384 | €26,261 | -€53,123 | -66.9% |
| Trade receivables | 40 | €1,776 | €5,470 | +€3,694 | +208% |
| Other amounts receivable | 41 | €77,608 | €20,791 | -€56,817 | -73.2% |
| Current investments | 50/53 | €150,000 | €300,000 | +€150,000 | +100% |
| Cash at bank and in hand | 54/58 | €246,901 | €327,034 | +€80,133 | +32.5% |
| Deferred charges and accrued income | 490/1 | €41,231 | €33,233 | -€7,998 | -19.4% |
| Total equity and liabilities | 10/49 | €810,857 | €963,987 | +€153,130 | +18.9% |
| Equity | 10/15 | €728,492 | €535,045 | -€193,447 | -26.6% |
| Contributions | 10/11 | €102,300 | €102,300 | = | 0.0% |
| Reserves | 13 | €626,000 | €432,500 | -€193,500 | -30.9% |
| Distributable reserves | 133 | €626,000 | €432,500 | -€193,500 | -30.9% |
| Profit (loss) carried forward | 14 | €192 | €245 | +€53 | +27.6% |
| Amounts payable | 17/49 | €82,365 | €428,942 | +€346,577 | +421% |
| Amounts payable after more than one year | 17 | €12,518 | - | -€12,518 | |
| Financial debts | 170/4 | €12,518 | - | -€12,518 | |
| Amounts payable within one year | 42/48 | €69,847 | €428,942 | +€359,095 | +514% |
| Current portion of amounts payable after more than one year | 42 | €10,511 | €12,518 | +€2,008 | +19.1% |
| Trade debts | 44 | €5,648 | €8,166 | +€2,518 | +44.6% |
| Suppliers | 440/4 | €5,648 | €8,166 | +€2,518 | +44.6% |
| Taxes, remuneration and social security | 45 | €16,158 | €19,258 | +€3,100 | +19.2% |
| Taxes | 450/3 | €16,158 | €19,258 | +€3,100 | +19.2% |
| Other amounts payable | 47/48 | €37,530 | €389,000 | +€351,470 | +937% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,718 | €32,702 | -€1,016 | -3.0% |
| Other operating charges | 640/8 | €1,090 | €4,028 | +€2,938 | +270% |
| Gross operating margin | 9900 | €226,567 | €321,172 | +€94,605 | +41.8% |
| Operating profit (loss) | 9901 | €191,759 | €284,443 | +€92,684 | +48.3% |
| Financial income | 75/76B | €3,027 | €2,731 | -€296 | -9.8% |
| Recurring financial income | 75 | €3,027 | €2,731 | -€296 | -9.8% |
| Financial charges | 65/66B | €4,553 | €7,172 | +€2,619 | +57.5% |
| Recurring financial charges | 65 | €4,553 | €7,172 | +€2,619 | +57.5% |
| Profit (loss) for the period before taxes | 9903 | €190,233 | €280,002 | +€89,768 | +47.2% |
| Income taxes | 67/77 | €91,639 | €84,449 | -€7,190 | -7.8% |
| Profit (loss) for the period | 9904 | €98,595 | €195,553 | +€96,959 | +98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €98,595 | €195,553 | +€96,959 | +98.3% |
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 22 October 2026 via checked.be.