SODHI: 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.
SODHI
Largest movements
- Receivables within one year +€33,761
up €33,761 (+67.1%), from €50,344 to €84,104
- Cash +€7,753
new in 2025: €7,753
mainly Trade debts (+€24,854) and Net result for the year (+€18,732)
- Tangible fixed assets -€3,156
down €3,156 (-6.1%), from €51,540 to €48,384
- Trade debts +€24,854
up €24,854 (+16,193%), from €153 to €25,008
- Reserves +€18,732
up €18,732 (+35.3%), from €53,027 to €71,760
of which Distributable reserves: +€18,732
- Debts after one year -€3,897
down €3,897 (-15.6%), from €24,937 to €21,040
- Other debts -€3,103
no longer reported in 2025 (was €3,103)
- Tax, wage and social debts +€2,810
up €2,810 (+31.1%), from €9,031 to €11,841
- Gross operating margin +€16,315
up €16,315 (+112%), from €14,587 to €30,902
- Taxes +€7,355
up €7,355 (+156%), from €4,710 to €12,065
- Financial charges -€3,030
down €3,030 (-67.3%), from €4,500 to €1,470
- Financial income -€711
down €711 (-10.1%), from €7,048 to €6,337
- Other operating charges +€355
up €355 (+24.3%), from €1,461 to €1,816
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 | €137,041 | €176,465 | +€39,424 | +28.8% |
| Fixed assets | 21/28 | €51,540 | €48,384 | -€3,156 | -6.1% |
| Tangible fixed assets | 22/27 | €51,540 | €48,384 | -€3,156 | -6.1% |
| Land and buildings | 22 | €51,540 | €48,384 | -€3,156 | -6.1% |
| Current assets | 29/58 | €85,501 | €128,082 | +€42,580 | +49.8% |
| Stocks and contracts in progress | 3 | €34,851 | €34,851 | = | 0.0% |
| Stocks | 30/36 | €34,851 | €34,851 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,344 | €84,104 | +€33,761 | +67.1% |
| Other amounts receivable | 41 | €50,344 | €84,104 | +€33,761 | +67.1% |
| Cash at bank and in hand | 54/58 | - | €7,753 | +€7,753 | |
| Deferred charges and accrued income | 490/1 | €307 | €1,374 | +€1,067 | +348% |
| Total equity and liabilities | 10/49 | €137,041 | €176,465 | +€39,424 | +28.8% |
| Equity | 10/15 | €92,576 | €111,309 | +€18,732 | +20.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,027 | €71,760 | +€18,732 | +35.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €51,167 | €69,900 | +€18,732 | +36.6% |
| Profit (loss) carried forward | 14 | €20,949 | €20,949 | = | 0.0% |
| Amounts payable | 17/49 | €44,465 | €65,157 | +€20,692 | +46.5% |
| Amounts payable after more than one year | 17 | €24,937 | €21,040 | -€3,897 | -15.6% |
| Financial debts | 170/4 | €24,937 | €21,040 | -€3,897 | -15.6% |
| Amounts payable within one year | 42/48 | €19,528 | €44,117 | +€24,589 | +126% |
| Current portion of amounts payable after more than one year | 42 | €7,241 | €7,268 | +€27 | +0.4% |
| Trade debts | 44 | €153 | €25,008 | +€24,854 | +16,193% |
| Suppliers | 440/4 | €153 | €25,008 | +€24,854 | +16,193% |
| Taxes, remuneration and social security | 45 | €9,031 | €11,841 | +€2,810 | +31.1% |
| Taxes | 450/3 | €9,031 | €11,841 | +€2,810 | +31.1% |
| Other amounts payable | 47/48 | €3,103 | - | -€3,103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,156 | €3,156 | = | 0.0% |
| Other operating charges | 640/8 | €1,461 | €1,816 | +€355 | +24.3% |
| Gross operating margin | 9900 | €14,587 | €30,902 | +€16,315 | +112% |
| Operating profit (loss) | 9901 | €9,970 | €25,930 | +€15,960 | +160% |
| Financial income | 75/76B | €7,048 | €6,337 | -€711 | -10.1% |
| Recurring financial income | 75 | €7,048 | €6,337 | -€711 | -10.1% |
| Financial charges | 65/66B | €4,500 | €1,470 | -€3,030 | -67.3% |
| Recurring financial charges | 65 | €4,500 | €1,470 | -€3,030 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | €12,517 | €30,797 | +€18,280 | +146% |
| Income taxes | 67/77 | €4,710 | €12,065 | +€7,355 | +156% |
| Profit (loss) for the period | 9904 | €7,807 | €18,732 | +€10,926 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €7,807 | €18,732 | +€10,926 | +140% |
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 14 October 2026 via checked.be.