SODEV: 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.
SODEV
Largest movements
- Cash +€37,790
up €37,790 (+33.9%), from €111,419 to €149,209
mainly Net result for the year (+€91,279) and Other debts (+€30,088)
- Current investments -€13,977
down €13,977 (-16.6%), from €84,417 to €70,440
- Receivables within one year -€8,705
down €8,705 (-5.5%), from €157,326 to €148,621
of which Other amounts receivable: -€34,537
- Tangible fixed assets +€6,882
up €6,882 (+3.5%), from €194,959 to €201,841
of which Land and buildings: +€19,617
- Profit (loss) carried forward +€66,917
up €66,917 (+321%), from €20,831 to €87,748
- Reserves -€35,294
down €35,294 (-21.3%), from €165,926 to €130,632
- Trade debts -€34,834
down €34,834 (-94.9%), from €36,707 to €1,873
- Other debts +€30,088
up €30,088 (+129%), from €23,250 to €53,338
- Debts after one year -€17,905
down €17,905 (-6.9%), from €258,542 to €240,637
- Gross operating margin +€52,752
up €52,752 (+65.2%), from €80,930 to €133,681
- Taxes +€12,607
up €12,607 (+115%), from €10,948 to €23,556
- Financial income +€11,239
up €11,239 (+250%), from €4,490 to €15,729
- Financial charges +€7,596
up €7,596 (+97.2%), from €7,816 to €15,412
- Depreciation -€3,554
down €3,554 (-16.6%), from €21,421 to €17,867
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 | €548,720 | €571,003 | +€22,283 | +4.1% |
| Fixed assets | 21/28 | €194,959 | €201,841 | +€6,882 | +3.5% |
| Tangible fixed assets | 22/27 | €194,959 | €201,841 | +€6,882 | +3.5% |
| Land and buildings | 22 | €152,324 | €171,942 | +€19,617 | +12.9% |
| Plant, machinery and equipment | 23 | €3,341 | €1,814 | -€1,527 | -45.7% |
| Furniture and vehicles | 24 | €39,294 | €28,085 | -€11,209 | -28.5% |
| Current assets | 29/58 | €353,761 | €369,162 | +€15,401 | +4.4% |
| Amounts receivable within one year | 40/41 | €157,326 | €148,621 | -€8,705 | -5.5% |
| Trade receivables | 40 | €6,921 | €32,753 | +€25,832 | +373% |
| Other amounts receivable | 41 | €150,405 | €115,868 | -€34,537 | -23.0% |
| Current investments | 50/53 | €84,417 | €70,440 | -€13,977 | -16.6% |
| Cash at bank and in hand | 54/58 | €111,419 | €149,209 | +€37,790 | +33.9% |
| Deferred charges and accrued income | 490/1 | €599 | €892 | +€293 | +49.0% |
| Total equity and liabilities | 10/49 | €548,720 | €571,003 | +€22,283 | +4.1% |
| Equity | 10/15 | €205,357 | €236,979 | +€31,622 | +15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €165,926 | €130,632 | -€35,294 | -21.3% |
| Distributable reserves | 133 | €165,926 | €130,632 | -€35,294 | -21.3% |
| Profit (loss) carried forward | 14 | €20,831 | €87,748 | +€66,917 | +321% |
| Amounts payable | 17/49 | €343,363 | €334,024 | -€9,339 | -2.7% |
| Amounts payable after more than one year | 17 | €258,542 | €240,637 | -€17,905 | -6.9% |
| Financial debts | 170/4 | €258,542 | €240,637 | -€17,905 | -6.9% |
| Amounts payable within one year | 42/48 | €84,737 | €93,348 | +€8,610 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €20,298 | €19,672 | -€625 | -3.1% |
| Trade debts | 44 | €36,707 | €1,873 | -€34,834 | -94.9% |
| Suppliers | 440/4 | €36,707 | €1,873 | -€34,834 | -94.9% |
| Taxes, remuneration and social security | 45 | €4,482 | €18,464 | +€13,982 | +312% |
| Taxes | 450/3 | €4,482 | €18,464 | +€13,982 | +312% |
| Other amounts payable | 47/48 | €23,250 | €53,338 | +€30,088 | +129% |
| Accrued charges and deferred income | 492/3 | €84 | €39 | -€45 | -53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,421 | €17,867 | -€3,554 | -16.6% |
| Other operating charges | 640/8 | €873 | €1,297 | +€423 | +48.5% |
| Gross operating margin | 9900 | €80,930 | €133,681 | +€52,752 | +65.2% |
| Operating profit (loss) | 9901 | €58,635 | €114,518 | +€55,883 | +95.3% |
| Financial income | 75/76B | €4,490 | €15,729 | +€11,239 | +250% |
| Recurring financial income | 75 | €4,490 | €15,729 | +€11,239 | +250% |
| Financial charges | 65/66B | €7,816 | €15,412 | +€7,596 | +97.2% |
| Recurring financial charges | 65 | €7,816 | €15,412 | +€7,596 | +97.2% |
| Profit (loss) for the period before taxes | 9903 | €55,309 | €114,835 | +€59,526 | +108% |
| Income taxes | 67/77 | €10,948 | €23,556 | +€12,607 | +115% |
| Profit (loss) for the period | 9904 | €44,361 | €91,279 | +€46,918 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €44,361 | €91,279 | +€46,918 | +106% |
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 26 October 2026 via checked.be.