SODIFIN: 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.
SODIFIN
Largest movements
- Tangible fixed assets +€2.3m
up €2.3m (+68.5%), from €3.3m to €5.5m
of which Land and buildings: +€2.3m
- Receivables within one year -€296,844
down €296,844 (-71.5%), from €414,914 to €118,070
of which Other amounts receivable: -€285,271
- Intangible fixed assets +€101,311
up €101,311 (+123%), from €82,614 to €183,925
- Debts after one year +€2.3m
up €2.3m (+112%), from €2.0m to €4.3m
- Other debts -€282,104
down €282,104 (-47.3%), from €596,089 to €313,985
- Current portion of long-term debt +€117,960
up €117,960 (+93.0%), from €126,817 to €244,776
- Trade debts -€99,004
down €99,004 (-21.2%), from €466,646 to €367,642
- Financial income -€195,939
down €195,939 (-54.9%), from €356,760 to €160,820
- Depreciation +€64,773
up €64,773 (+76.0%), from €85,244 to €150,016
- Gross operating margin -€55,002
down €55,002 (-20.3%), from €271,512 to €216,510
- Financial charges +€25,016
up €25,016 (+44.3%), from €56,516 to €81,533
- Taxes -€3,329
down €3,329 (-9.3%), from €35,974 to €32,645
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 | €7,335,954 | €9,388,024 | +€2.1m | +28.0% |
| Fixed assets | 21/28 | €6,050,571 | €8,384,436 | +€2.3m | +38.6% |
| Intangible fixed assets | 21 | €82,614 | €183,925 | +€101,311 | +123% |
| Tangible fixed assets | 22/27 | €3,293,167 | €5,547,921 | +€2.3m | +68.5% |
| Land and buildings | 22 | €2,523,356 | €4,779,201 | +€2.3m | +89.4% |
| Plant, machinery and equipment | 23 | €2,949 | €7,775 | +€4,826 | +164% |
| Furniture and vehicles | 24 | €23,900 | €17,984 | -€5,917 | -24.8% |
| Other tangible fixed assets | 26 | €742,961 | €742,961 | = | 0.0% |
| Financial fixed assets | 28 | €2,674,790 | €2,652,590 | -€22,200 | -0.8% |
| Current assets | 29/58 | €1,285,383 | €1,003,588 | -€281,795 | -21.9% |
| Amounts receivable within one year | 40/41 | €414,914 | €118,070 | -€296,844 | -71.5% |
| Trade receivables | 40 | €68,459 | €56,885 | -€11,573 | -16.9% |
| Other amounts receivable | 41 | €346,456 | €61,185 | -€285,271 | -82.3% |
| Current investments | 50/53 | €850,000 | €850,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,061 | €34,954 | +€14,893 | +74.2% |
| Deferred charges and accrued income | 490/1 | €408 | €563 | +€156 | +38.3% |
| Total equity and liabilities | 10/49 | €7,335,954 | €9,388,024 | +€2.1m | +28.0% |
| Equity | 10/15 | €4,129,731 | €4,194,142 | +€64,411 | +1.6% |
| Contributions | 10/11 | €2,887,206 | €2,887,206 | = | 0.0% |
| Contributions outside capital | 11 | €2,887,206 | €2,887,206 | = | 0.0% |
| Share premium | 1100/10 | €2,887,206 | €2,887,206 | = | 0.0% |
| Reserves | 13 | €150,000 | €214,411 | +€64,411 | +42.9% |
| Distributable reserves | 133 | €150,000 | €214,411 | +€64,411 | +42.9% |
| Profit (loss) carried forward | 14 | €1,092,525 | €1,092,525 | = | 0.0% |
| Amounts payable | 17/49 | €3,206,223 | €5,193,883 | +€2.0m | +62.0% |
| Amounts payable after more than one year | 17 | €2,007,071 | €4,259,110 | +€2.3m | +112% |
| Financial debts | 170/4 | €2,007,071 | €4,259,110 | +€2.3m | +112% |
| Amounts payable within one year | 42/48 | €1,189,566 | €928,905 | -€260,661 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €126,817 | €244,776 | +€117,960 | +93.0% |
| Financial debts | 43 | €15 | €2,502 | +€2,487 | +16,591% |
| Credit institutions | 430/8 | €15 | €2,502 | +€2,487 | +16,591% |
| Trade debts | 44 | €466,646 | €367,642 | -€99,004 | -21.2% |
| Suppliers | 440/4 | €466,646 | €367,642 | -€99,004 | -21.2% |
| Other amounts payable | 47/48 | €596,089 | €313,985 | -€282,104 | -47.3% |
| Accrued charges and deferred income | 492/3 | €9,585 | €5,868 | -€3,717 | -38.8% |
| Non-recurring operating income | 76A | €5,982 | €7,500 | +€1,518 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,244 | €150,016 | +€64,773 | +76.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €1,526 | +€1,526 | |
| Other operating charges | 640/8 | €2,829 | €2,898 | +€69 | +2.4% |
| Non-recurring operating charges | 66A | €1,468 | €44,301 | +€42,834 | +2,918% |
| Gross operating margin | 9900 | €271,512 | €216,510 | -€55,002 | -20.3% |
| Operating profit (loss) | 9901 | €181,971 | €17,768 | -€164,203 | -90.2% |
| Financial income | 75/76B | €356,760 | €160,820 | -€195,939 | -54.9% |
| Recurring financial income | 75 | €356,760 | €160,820 | -€195,939 | -54.9% |
| Financial charges | 65/66B | €56,516 | €81,533 | +€25,016 | +44.3% |
| Recurring financial charges | 65 | €56,516 | €81,533 | +€25,016 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | €482,215 | €97,056 | -€385,159 | -79.9% |
| Income taxes | 67/77 | €35,974 | €32,645 | -€3,329 | -9.3% |
| Profit (loss) for the period | 9904 | €446,241 | €64,411 | -€381,830 | -85.6% |
| Profit (loss) for the period to be appropriated | 9905 | €446,241 | €64,411 | -€381,830 | -85.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.