Sodimco: 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.
What changed
Sodimco
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.6m
2024 · -€2.4m+€826,915
Equity
€5.3m
2024 · €6.9m-€1.6m
Cash
€43,177
2024 · €456,400-€413,223
Balance sheet total
€31.5m
2024 · €30.4m+€1.1m
Largest movements
Assets
- Financial fixed assets +€1.8m
up €1.8m (+24.8%), from €7.4m to €9.2m
of which Affiliated companies: +€1.8m
- Tangible fixed assets -€1.3m
down €1.3m (-6.1%), from €21.8m to €20.5m
- Receivables within one year +€882,368
up €882,368 (+124%), from €711,355 to €1.6m
of which Trade receivables: +€876,623
- Cash -€413,223
down €413,223 (-90.5%), from €456,400 to €43,177
mainly Current portion of long-term debt (-€2.2m) and Net result for the year (-€1.6m)
Equity and liabilities
- Short-term financial debts +€3.3m
up €3.3m (+123%), from €2.6m to €5.9m
of which Other loans: +€2.5m
- Current portion of long-term debt -€2.2m
down €2.2m (-97.3%), from €2.2m to €60,205
- Trade debts +€1.9m
up €1.9m (+108%), from €1.7m to €3.6m
- Profit (loss) carried forward -€1.3m
down €1.3m (-77.3%), from -€1.7m to -€3.1m
Income statement
- Other operating charges +€1.7m
up €1.7m (+1,329%), from €124,275 to €1.8m
- Turnover +€697,022
up €697,022 (+47.9%), from €1.5m to €2.2m
- Goods and materials -€454,944
down €454,944 (-29.3%), from €1.6m to €1.1m
of which Purchases: -€340,240
- Other operating income +€287,324
up €287,324 (+65.4%), from €439,519 to €726,843
- Financial income -€179,757
down €179,757 (-41.2%), from €436,746 to €256,989
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.
Result 2024
-€2.4m
Turnover
+€697,022
Other operating income
+€287,324
Goods and materials
+€454,944
Services and other goods
-€22,003
Depreciation
+€35,496
Write-downs
-€47,239
Other operating charges
-€1.7m
Other operating items
+€1.2m
Financial income
-€179,757
Financial charges
+€89,580
Taxes
+€28
Deferred taxes and other
-€1,262
Result 2025
-€1.6m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€346,468
Investment
-€1.1m
Financing
+€1.0m
Cash 2024
€456,400
From operations (derived)
-€346,468
Net result for the year
-€1.6m
Depreciation
+€604,190
Receivables within one year
-€882,368
Deferred charges and accrued income
-€175,409
Provisions
-€84,539
Trade debts
+€1.9m
Tax, wage and social debts
-€22,327
Other debts
+€215,328
Accrued charges and deferred income
-€289,412
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
+€1.0m
Debts after one year
-€48,847
Current portion of long-term debt
-€2.2m
Short-term financial debts
+€3.3m
Cash 2025
€43,177
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,353,935 | €31,500,082 | +€1.1m | +3.8% |
| Fixed assets | 21/28 | €29,164,160 | €29,665,754 | +€501,593 | +1.7% |
| Tangible fixed assets | 22/27 | €21,804,422 | €20,478,558 | -€1.3m | -6.1% |
| Land and buildings | 22 | €21,804,422 | €20,478,558 | -€1.3m | -6.1% |
| Financial fixed assets | 28 | €7,359,738 | €9,187,196 | +€1.8m | +24.8% |
| Affiliated companies | 280/1 | €7,354,738 | €9,182,196 | +€1.8m | +24.8% |
| Amounts receivable | 281 | €7,354,738 | €9,182,196 | +€1.8m | +24.8% |
| Other financial fixed assets | 284/8 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €1,189,774 | €1,834,328 | +€644,554 | +54.2% |
| Amounts receivable within one year | 40/41 | €711,355 | €1,593,723 | +€882,368 | +124% |
| Trade receivables | 40 | €482,427 | €1,359,051 | +€876,623 | +182% |
| Other amounts receivable | 41 | €228,928 | €234,672 | +€5,744 | +2.5% |
| Cash at bank and in hand | 54/58 | €456,400 | €43,177 | -€413,223 | -90.5% |
| Deferred charges and accrued income | 490/1 | €22,019 | €197,428 | +€175,409 | +797% |
| Total equity and liabilities | 10/49 | €30,353,935 | €31,500,082 | +€1.1m | +3.8% |
| Equity | 10/15 | €6,866,687 | €5,280,550 | -€1.6m | -23.1% |
| Contributions | 10/11 | €4,162,000 | €4,162,000 | = | 0.0% |
| Capital | 10 | €4,162,000 | €4,162,000 | = | 0.0% |
| Issued capital | 100 | €4,162,000 | €4,162,000 | = | 0.0% |
| Reserves | 13 | €4,428,606 | €4,174,990 | -€253,617 | -5.7% |
| Non-distributable reserves | 130/1 | €347,828 | €347,828 | = | 0.0% |
| Legal reserve | 130 | €347,828 | €347,828 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,708,938 | €3,455,322 | -€253,617 | -6.8% |
| Distributable reserves | 133 | €371,840 | €371,840 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,723,919 | -€3,056,440 | -€1.3m | -77.3% |
| Provisions and deferred taxes | 16 | €1,264,913 | €1,180,374 | -€84,539 | -6.7% |
| Deferred taxes | 168 | €1,264,913 | €1,180,374 | -€84,539 | -6.7% |
| Amounts payable | 17/49 | €22,222,335 | €25,039,158 | +€2.8m | +12.7% |
| Amounts payable after more than one year | 17 | €13,719,144 | €13,670,297 | -€48,847 | -0.4% |
| Financial debts | 170/4 | €13,713,294 | €13,664,447 | -€48,847 | -0.4% |
| Credit institutions | 173 | €12,787,294 | €12,674,447 | -€112,847 | -0.9% |
| Other loans | 174 | €926,000 | €990,000 | +€64,000 | +6.9% |
| Other amounts payable | 178/9 | €5,850 | €5,850 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,958,311 | €11,113,394 | +€3.2m | +39.6% |
| Current portion of amounts payable after more than one year | 42 | €2,224,624 | €60,205 | -€2.2m | -97.3% |
| Financial debts | 43 | €2,637,791 | €5,890,085 | +€3.3m | +123% |
| Credit institutions | 430/8 | €2,637,791 | €3,410,026 | +€772,235 | +29.3% |
| Other loans | 439 | - | €2,480,059 | +€2.5m | |
| Trade debts | 44 | €1,734,916 | €3,609,121 | +€1.9m | +108% |
| Suppliers | 440/4 | €1,734,916 | €3,609,121 | +€1.9m | +108% |
| Taxes, remuneration and social security | 45 | €122,279 | €99,953 | -€22,327 | -18.3% |
| Taxes | 450/3 | €122,279 | €99,953 | -€22,327 | -18.3% |
| Other amounts payable | 47/48 | €1,238,701 | €1,454,029 | +€215,328 | +17.4% |
| Accrued charges and deferred income | 492/3 | €544,879 | €255,467 | -€289,412 | -53.1% |
| Operating income | 70/76A | €1,893,508 | €3,201,925 | +€1.3m | +69.1% |
| Turnover | 70 | €1,453,989 | €2,151,011 | +€697,022 | +47.9% |
| Other operating income | 74 | €439,519 | €726,843 | +€287,324 | +65.4% |
| Non-recurring operating income | 76A | - | €324,071 | +€324,071 | |
| Operating charges | 60/66A | €3,471,010 | €3,861,101 | +€390,091 | +11.2% |
| Goods for resale, raw materials and consumables | 60 | €1,550,130 | €1,095,186 | -€454,944 | -29.3% |
| Purchases | 600/8 | €1,435,426 | €1,095,186 | -€340,240 | -23.7% |
| Change in stocks: decrease (increase) | 609 | €114,704 | - | -€114,704 | |
| Services and other goods | 61 | €271,592 | €293,595 | +€22,003 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €639,686 | €604,190 | -€35,496 | -5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,557 | €51,796 | +€47,239 | +1,037% |
| Other operating charges | 640/8 | €124,275 | €1,775,306 | +€1.7m | +1,329% |
| Non-recurring operating charges | 66A | €880,770 | €41,028 | -€839,742 | -95.3% |
| Operating profit (loss) | 9901 | -€1,577,502 | -€659,176 | +€918,326 | +58.2% |
| Financial income | 75/76B | €436,746 | €256,989 | -€179,757 | -41.2% |
| Recurring financial income | 75 | €436,746 | €256,989 | -€179,757 | -41.2% |
| Income from financial fixed assets | 750 | €243,115 | €249,938 | +€6,822 | +2.8% |
| Income from current assets | 751 | €1,702 | €2,378 | +€676 | +39.7% |
| Other financial income | 752/9 | €191,929 | €4,674 | -€187,255 | -97.6% |
| Financial charges | 65/66B | €1,358,070 | €1,268,490 | -€89,580 | -6.6% |
| Recurring financial charges | 65 | €1,358,070 | €1,268,490 | -€89,580 | -6.6% |
| Debt charges | 650 | €1,173,818 | €1,230,432 | +€56,614 | +4.8% |
| Other financial charges | 652/9 | €184,252 | €38,058 | -€146,194 | -79.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,498,825 | -€1,670,676 | +€828,149 | +33.1% |
| Transfer from deferred taxes | 780 | €85,801 | €84,539 | -€1,262 | -1.5% |
| Income taxes | 67/77 | €28 | - | -€28 | |
| Taxes | 670/3 | €28 | - | -€28 | |
| Profit (loss) for the period | 9904 | -€2,413,052 | -€1,586,137 | +€826,915 | +34.3% |
| Transfer from tax-exempt reserves | 789 | €343,203 | €253,617 | -€89,586 | -26.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,069,850 | -€1,332,520 | +€737,329 | +35.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.