SODEVCO: 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.
SODEVCO
Largest movements
- Cash +€34,926
up €34,926 (+200.1%), from €17,456 to €52,382
mainly Net result for the year (+€58,646) and Depreciation (+€11,604)
- Current investments +€29,564
up €29,564 (+12.2%), from €241,412 to €270,977
- Tangible fixed assets -€4,770
down €4,770 (-27.0%), from €17,636 to €12,867
- Profit (loss) carried forward +€58,646
up €58,646 (+62.3%), from -€94,134 to -€35,488
- Other debts -€4,359
down €4,359 (-68.4%), from €6,369 to €2,010
- Gross operating margin +€84,702
up €84,702, from -€41,765 to €42,938
- Financial income +€16,132
up €16,132 (+152.9%), from €10,548 to €26,679
of which Financial income: +€16,132
- Financial charges -€12,266
down €12,266, from €6,944 to -€5,323
- Taxes +€3,262
up €3,262 (+2038.5%), from €160 to €3,422
- Depreciation +€446
up €446 (+4.0%), from €11,157 to €11,604
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 | €281,606 | €338,857 | +€57,251 | +20.3% |
| Fixed assets | 21/28 | €17,636 | €12,867 | -€4,770 | -27.0% |
| Tangible fixed assets | 22/27 | €17,636 | €12,867 | -€4,770 | -27.0% |
| Furniture and vehicles | 24 | €17,636 | €12,867 | -€4,770 | -27.0% |
| Current assets | 29/58 | €263,970 | €325,990 | +€62,020 | +23.5% |
| Amounts receivable within one year | 40/41 | €4,547 | €2,118 | -€2,430 | -53.4% |
| Other amounts receivable | 41 | €4,547 | €2,118 | -€2,430 | -53.4% |
| Current investments | 50/53 | €241,412 | €270,977 | +€29,564 | +12.2% |
| Cash at bank and in hand | 54/58 | €17,456 | €52,382 | +€34,926 | +200.1% |
| Deferred charges and accrued income | 490/1 | €555 | €514 | -€41 | -7.3% |
| Total equity and liabilities | 10/49 | €281,606 | €338,857 | +€57,251 | +20.3% |
| Equity | 10/15 | €274,838 | €333,484 | +€58,646 | +21.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €350,380 | €350,380 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,345 | €1,345 | = | 0.0% |
| Distributable reserves | 133 | €349,035 | €349,035 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,134 | -€35,488 | +€58,646 | +62.3% |
| Amounts payable | 17/49 | €6,768 | €5,373 | -€1,396 | -20.6% |
| Amounts payable within one year | 42/48 | €6,768 | €5,373 | -€1,396 | -20.6% |
| Trade debts | 44 | €399 | €604 | +€205 | +51.3% |
| Suppliers | 440/4 | €399 | €604 | +€205 | +51.3% |
| Taxes, remuneration and social security | 45 | - | €2,758 | +€2,758 | |
| Taxes | 450/3 | - | €2,636 | +€2,636 | |
| Remuneration and social security | 454/9 | - | €122 | +€122 | |
| Other amounts payable | 47/48 | €6,369 | €2,010 | -€4,359 | -68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,157 | €11,604 | +€446 | +4.0% |
| Other operating charges | 640/8 | €596 | €596 | -€0 | 0.0% |
| Non-recurring operating charges | 66A | - | €673 | +€673 | |
| Gross operating margin | 9900 | -€41,765 | €42,938 | +€84,702 | |
| Operating profit (loss) | 9901 | -€53,517 | €30,066 | +€83,583 | |
| Financial income | 75/76B | €10,548 | €26,679 | +€16,132 | +152.9% |
| Recurring financial income | 75 | €10,548 | €26,679 | +€16,132 | +152.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €6,944 | -€5,323 | -€12,266 | |
| Recurring financial charges | 65 | €6,944 | -€5,323 | -€12,266 | |
| Profit (loss) for the period before taxes | 9903 | -€49,913 | €62,068 | +€111,981 | |
| Income taxes | 67/77 | €160 | €3,422 | +€3,262 | +2038.5% |
| Profit (loss) for the period | 9904 | -€50,073 | €58,646 | +€108,719 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,073 | €58,646 | +€108,719 |
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 30 September 2026 via checked.be.