SODEVA: 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.
SODEVA
Largest movements
- Receivables after one year -€42,980
down €42,980 (-28.7%), from €150,000 to €107,020
- Tangible fixed assets +€19,382
up €19,382 (+62.6%), from €30,958 to €50,340
of which Other tangible fixed assets: +€19,279
- Cash -€19,054
down €19,054 (-37.3%), from €51,031 to €31,977
mainly Contributions, distributions and other (-€38,936) and Investment in fixed assets (net) (-€29,761)
- Receivables within one year +€6,532
up €6,532 (+16.7%), from €39,081 to €45,613
of which Trade receivables: +€9,906
- Reserves -€13,663
down €13,663 (-17.0%), from €80,429 to €66,766
- Trade debts -€13,558
down €13,558 (-58.4%), from €23,229 to €9,671
- Debts after one year -€10,000
down €10,000 (-9.1%), from €110,000 to €100,000
- Tax, wage and social debts +€4,555
up €4,555 (+59.7%), from €7,626 to €12,182
of which Taxes: +€4,555
- Accrued charges and deferred income -€3,158
down €3,158 (-40.1%), from €7,871 to €4,713
- Gross operating margin +€10,693
up €10,693 (+27.7%), from €38,551 to €49,244
- Depreciation +€8,276
up €8,276 (+393.5%), from €2,103 to €10,379
- Taxes +€7,552
up €7,552 (+202.6%), from €3,727 to €11,279
- Financial charges -€1,030
down €1,030 (-16.8%), from €6,146 to €5,116
- Other operating charges -€993
down €993 (-58.3%), from €1,703 to €710
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 | €277,415 | €241,692 | -€35,723 | -12.9% |
| Fixed assets | 21/28 | €30,958 | €50,340 | +€19,382 | +62.6% |
| Tangible fixed assets | 22/27 | €30,958 | €50,340 | +€19,382 | +62.6% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €1,832 | €1,391 | -€441 | -24.1% |
| Furniture and vehicles | 24 | €6,924 | €7,467 | +€544 | +7.9% |
| Other tangible fixed assets | 26 | €22,202 | €41,481 | +€19,279 | +86.8% |
| Current assets | 29/58 | €246,457 | €191,352 | -€55,105 | -22.4% |
| Amounts receivable after more than one year | 29 | €150,000 | €107,020 | -€42,980 | -28.7% |
| Other amounts receivable | 291 | €150,000 | €107,020 | -€42,980 | -28.7% |
| Amounts receivable within one year | 40/41 | €39,081 | €45,613 | +€6,532 | +16.7% |
| Trade receivables | 40 | €29,670 | €39,576 | +€9,906 | +33.4% |
| Other amounts receivable | 41 | €9,411 | €6,037 | -€3,374 | -35.9% |
| Cash at bank and in hand | 54/58 | €51,031 | €31,977 | -€19,054 | -37.3% |
| Deferred charges and accrued income | 490/1 | €6,345 | €6,743 | +€398 | +6.3% |
| Total equity and liabilities | 10/49 | €277,415 | €241,692 | -€35,723 | -12.9% |
| Equity | 10/15 | €86,629 | €72,966 | -€13,663 | -15.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €80,429 | €66,766 | -€13,663 | -17.0% |
| Distributable reserves | 133 | €80,429 | €66,766 | -€13,663 | -17.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €190,786 | €168,726 | -€22,060 | -11.6% |
| Amounts payable after more than one year | 17 | €110,000 | €100,000 | -€10,000 | -9.1% |
| Financial debts | 170/4 | €110,000 | €100,000 | -€10,000 | -9.1% |
| Amounts payable within one year | 42/48 | €72,915 | €64,013 | -€8,903 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €12,084 | €10,000 | -€2,084 | -17.2% |
| Trade debts | 44 | €23,229 | €9,671 | -€13,558 | -58.4% |
| Suppliers | 440/4 | €23,229 | €9,671 | -€13,558 | -58.4% |
| Taxes, remuneration and social security | 45 | €7,626 | €12,182 | +€4,555 | +59.7% |
| Taxes | 450/3 | €5,526 | €10,082 | +€4,555 | +82.4% |
| Remuneration and social security | 454/9 | €2,100 | €2,100 | = | 0.0% |
| Other amounts payable | 47/48 | €29,976 | €32,160 | +€2,184 | +7.3% |
| Accrued charges and deferred income | 492/3 | €7,871 | €4,713 | -€3,158 | -40.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,103 | €10,379 | +€8,276 | +393.5% |
| Other operating charges | 640/8 | €1,703 | €710 | -€993 | -58.3% |
| Non-recurring operating charges | 66A | €23,382 | €0 | -€23,382 | -100.0% |
| Gross operating margin | 9900 | €38,551 | €49,244 | +€10,693 | +27.7% |
| Operating profit (loss) | 9901 | €11,362 | €38,155 | +€26,793 | +235.8% |
| Financial income | 75/76B | €3,933 | €3,513 | -€420 | -10.7% |
| Recurring financial income | 75 | €3,933 | €3,513 | -€420 | -10.7% |
| Financial charges | 65/66B | €6,146 | €5,116 | -€1,030 | -16.8% |
| Recurring financial charges | 65 | €6,146 | €5,116 | -€1,030 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €9,150 | €36,552 | +€27,403 | +299.5% |
| Income taxes | 67/77 | €3,727 | €11,279 | +€7,552 | +202.6% |
| Profit (loss) for the period | 9904 | €5,423 | €25,273 | +€19,850 | +366.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,423 | €25,273 | +€19,850 | +366.1% |
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 8 October 2026 via checked.be.