SodInMaC: 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.
SodInMaC
Largest movements
- Receivables after one year -€1.3m
down €1.3m (-81.5%), from €1.6m to €300,000
- Cash +€1.0m
up €1.0m (+244.6%), from €414,273 to €1.4m
mainly Receivables after one year (+€1.3m) and Net result for the year (+€1.2m)
- Current investments +€815,110
up €815,110 (+5831.7%), from €13,977 to €829,087
- Financial fixed assets +€143,666
up €143,666 (+359.2%), from €40,000 to €183,666
- Reserves +€564,502
up €564,502 (+23.8%), from €2.4m to €2.9m
of which Distributable reserves: +€564,502
- Other debts +€68,632
up €68,632 (+6321.5%), from €1,086 to €69,718
- Gross operating margin -€38,225
down €38,225 (-35.9%), from €106,392 to €68,167
- Financial income +€22,792
up €22,792 (+1.8%), from €1.3m to €1.3m
of which Financial income: +€50,808
- Taxes -€10,561
down €10,561 (-7.1%), from €149,563 to €139,001
- Financial charges +€2,406
up €2,406 (+318.6%), from €755 to €3,161
- Depreciation +€2,254
up €2,254 (+18.6%), from €12,124 to €14,377
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 | €2,504,710 | €3,141,027 | +€636,317 | +25.4% |
| Fixed assets | 21/28 | €451,421 | €581,736 | +€130,314 | +28.9% |
| Tangible fixed assets | 22/27 | €411,421 | €398,070 | -€13,351 | -3.2% |
| Land and buildings | 22 | €277,060 | €267,625 | -€9,435 | -3.4% |
| Furniture and vehicles | 24 | €9,916 | €7,030 | -€2,886 | -29.1% |
| Other tangible fixed assets | 26 | €124,445 | €123,414 | -€1,031 | -0.8% |
| Financial fixed assets | 28 | €40,000 | €183,666 | +€143,666 | +359.2% |
| Current assets | 29/58 | €2,053,289 | €2,559,292 | +€506,002 | +24.6% |
| Amounts receivable after more than one year | 29 | €1,620,000 | €300,000 | -€1.3m | -81.5% |
| Other amounts receivable | 291 | €1,620,000 | €300,000 | -€1.3m | -81.5% |
| Amounts receivable within one year | 40/41 | €2,530 | €315 | -€2,215 | -87.5% |
| Trade receivables | 40 | €1,885 | - | -€1,885 | |
| Other amounts receivable | 41 | €645 | €315 | -€330 | -51.1% |
| Current investments | 50/53 | €13,977 | €829,087 | +€815,110 | +5831.7% |
| Cash at bank and in hand | 54/58 | €414,273 | €1,427,671 | +€1.0m | +244.6% |
| Deferred charges and accrued income | 490/1 | €2,509 | €2,218 | -€291 | -11.6% |
| Total equity and liabilities | 10/49 | €2,504,710 | €3,141,027 | +€636,317 | +25.4% |
| Equity | 10/15 | €2,389,260 | €2,953,762 | +€564,502 | +23.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,370,710 | €2,935,212 | +€564,502 | +23.8% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €2,368,855 | €2,933,357 | +€564,502 | +23.8% |
| Amounts payable | 17/49 | €115,450 | €187,265 | +€71,814 | +62.2% |
| Amounts payable within one year | 42/48 | €115,450 | €187,265 | +€71,814 | +62.2% |
| Trade debts | 44 | €27 | €8,990 | +€8,964 | +33533.9% |
| Suppliers | 440/4 | €27 | €8,990 | +€8,964 | +33533.9% |
| Taxes, remuneration and social security | 45 | €114,338 | €108,556 | -€5,781 | -5.1% |
| Taxes | 450/3 | €114,338 | €108,556 | -€5,781 | -5.1% |
| Other amounts payable | 47/48 | €1,086 | €69,718 | +€68,632 | +6321.5% |
| Non-recurring operating income | 76A | €22,711 | - | -€22,711 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,124 | €14,377 | +€2,254 | +18.6% |
| Other operating charges | 640/8 | €1,921 | €1,487 | -€434 | -22.6% |
| Gross operating margin | 9900 | €106,392 | €68,167 | -€38,225 | -35.9% |
| Operating profit (loss) | 9901 | €92,348 | €52,303 | -€40,045 | -43.4% |
| Financial income | 75/76B | €1,250,565 | €1,273,357 | +€22,792 | +1.8% |
| Recurring financial income | 75 | €37,107 | €87,915 | +€50,808 | +136.9% |
| Non-recurring financial income | 76B | €1,213,458 | €1,185,443 | -€28,015 | -2.3% |
| Financial charges | 65/66B | €755 | €3,161 | +€2,406 | +318.6% |
| Recurring financial charges | 65 | €755 | €3,161 | +€2,406 | +318.6% |
| Profit (loss) for the period before taxes | 9903 | €1,342,158 | €1,322,499 | -€19,659 | -1.5% |
| Income taxes | 67/77 | €149,563 | €139,001 | -€10,561 | -7.1% |
| Profit (loss) for the period | 9904 | €1,192,595 | €1,183,498 | -€9,098 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,192,595 | €1,183,498 | -€9,098 | -0.8% |
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 6 October 2026 via checked.be.