Sodini: 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.
Sodini
Largest movements
- Tangible fixed assets +€563,831
up €563,831 (+16.4%), from €3.4m to €4.0m
of which Land and buildings: +€513,206
- Current investments -€560,430
down €560,430 (-100%), from €560,430 to €0
- Receivables within one year +€262,982
up €262,982 (+46.1%), from €570,018 to €833,000
- Financial fixed assets +€213,750
new in 2026: €213,750
- Cash -€109,018
down €109,018 (-51.7%), from €210,878 to €101,860
mainly Contributions, distributions and other (-€1.0m) and Investment in fixed assets (net) (-€936,726)
- Reserves -€508,595
down €508,595 (-21.8%), from €2.3m to €1.8m
of which Distributable reserves: -€506,595
- Other debts +€501,969
up €501,969 (+273%), from €183,898 to €685,867
- Debts after one year +€318,161
up €318,161 (+15.7%), from €2.0m to €2.3m
- Gross operating margin +€81,601
up €81,601 (+8.9%), from €915,986 to €997,587
- Financial income -€69,107
down €69,107 (-78.8%), from €87,700 to €18,594
- Depreciation +€59,446
up €59,446 (+59.6%), from €99,700 to €159,146
- Financial charges +€39,654
up €39,654 (+51.0%), from €77,692 to €117,345
- Other operating charges +€13,216
up €13,216 (+95.1%), from €13,901 to €27,116
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,792,240 | €5,164,977 | +€372,737 | +7.8% |
| Fixed assets | 21/28 | €3,439,736 | €4,217,317 | +€777,581 | +22.6% |
| Tangible fixed assets | 22/27 | €3,439,736 | €4,003,567 | +€563,831 | +16.4% |
| Land and buildings | 22 | €3,128,085 | €3,641,291 | +€513,206 | +16.4% |
| Furniture and vehicles | 24 | €48,780 | €37,258 | -€11,521 | -23.6% |
| Other tangible fixed assets | 26 | €262,871 | €325,017 | +€62,146 | +23.6% |
| Financial fixed assets | 28 | - | €213,750 | +€213,750 | |
| Current assets | 29/58 | €1,352,504 | €947,660 | -€404,844 | -29.9% |
| Amounts receivable within one year | 40/41 | €570,018 | €833,000 | +€262,982 | +46.1% |
| Other amounts receivable | 41 | €570,018 | €833,000 | +€262,982 | +46.1% |
| Current investments | 50/53 | €560,430 | €0 | -€560,430 | -100% |
| Cash at bank and in hand | 54/58 | €210,878 | €101,860 | -€109,018 | -51.7% |
| Deferred charges and accrued income | 490/1 | €11,178 | €12,800 | +€1,622 | +14.5% |
| Total equity and liabilities | 10/49 | €4,792,240 | €5,164,977 | +€372,737 | +7.8% |
| Equity | 10/15 | €2,356,448 | €1,847,854 | -€508,595 | -21.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,336,448 | €1,827,854 | -€508,595 | -21.8% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100% |
| Distributable reserves | 133 | €2,334,448 | €1,827,854 | -€506,595 | -21.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,435,792 | €3,317,123 | +€881,331 | +36.2% |
| Amounts payable after more than one year | 17 | €2,030,626 | €2,348,786 | +€318,161 | +15.7% |
| Financial debts | 170/4 | €2,030,626 | €2,348,786 | +€318,161 | +15.7% |
| Amounts payable within one year | 42/48 | €401,393 | €944,656 | +€543,264 | +135% |
| Current portion of amounts payable after more than one year | 42 | €178,168 | €211,298 | +€33,130 | +18.6% |
| Financial debts | 43 | €75 | €407 | +€332 | +443% |
| Credit institutions | 430/8 | €75 | €407 | +€332 | +443% |
| Trade debts | 44 | €4,316 | €7,743 | +€3,427 | +79.4% |
| Suppliers | 440/4 | €4,316 | €7,743 | +€3,427 | +79.4% |
| Taxes, remuneration and social security | 45 | €34,936 | €39,342 | +€4,406 | +12.6% |
| Taxes | 450/3 | €34,936 | €39,342 | +€4,406 | +12.6% |
| Other amounts payable | 47/48 | €183,898 | €685,867 | +€501,969 | +273% |
| Accrued charges and deferred income | 492/3 | €3,773 | €23,680 | +€19,907 | +528% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,700 | €159,146 | +€59,446 | +59.6% |
| Other operating charges | 640/8 | €13,901 | €27,116 | +€13,216 | +95.1% |
| Non-recurring operating charges | 66A | - | €18,639 | +€18,639 | |
| Gross operating margin | 9900 | €915,986 | €997,587 | +€81,601 | +8.9% |
| Operating profit (loss) | 9901 | €802,385 | €792,685 | -€9,700 | -1.2% |
| Financial income | 75/76B | €87,700 | €18,594 | -€69,107 | -78.8% |
| Recurring financial income | 75 | €87,700 | €18,594 | -€69,107 | -78.8% |
| Financial charges | 65/66B | €77,692 | €117,345 | +€39,654 | +51.0% |
| Recurring financial charges | 65 | €77,692 | €117,345 | +€39,654 | +51.0% |
| Profit (loss) for the period before taxes | 9903 | €812,394 | €693,934 | -€118,461 | -14.6% |
| Income taxes | 67/77 | €214,672 | €202,528 | -€12,144 | -5.7% |
| Profit (loss) for the period | 9904 | €597,722 | €491,405 | -€106,317 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €597,722 | €491,405 | -€106,317 | -17.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.