SODIPOL: 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.
SODIPOL
Largest movements
- Cash -€27,823
down €27,823 (-51.3%), from €54,183 to €26,360
- Receivables within one year +€18,374
up €18,374 (+47.1%), from €38,983 to €57,358
of which Other amounts receivable: +€21,881
- Tangible fixed assets -€17,091
down €17,091 (-19.2%), from €89,203 to €72,112
of which Land and buildings: -€18,581
- Tax, wage and social debts -€32,377
down €32,377 (-89.9%), from €36,002 to €3,625
of which Taxes: -€18,095
- Reserves +€20,579
up €20,579 (+995%), from €2,068 to €22,647
of which Distributable reserves: +€20,579
- Trade debts -€15,142
down €15,142 (-38.4%), from €39,448 to €24,306
- Gross operating margin +€50,683
up €50,683 (+27.6%), from €183,764 to €234,447
- Staff costs -€11,723
down €11,723 (-6.2%), from €187,755 to €176,032
- Depreciation +€6,211
up €6,211 (+40.3%), from €15,427 to €21,638
- Taxes +€2,432
new in 2025: €2,432
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €188,219 | €162,332 | -€25,887 | -13.8% |
| Fixed assets | 21/28 | €89,596 | €72,505 | -€17,091 | -19.1% |
| Tangible fixed assets | 22/27 | €89,203 | €72,112 | -€17,091 | -19.2% |
| Land and buildings | 22 | €72,560 | €53,979 | -€18,581 | -25.6% |
| Plant, machinery and equipment | 23 | €7,485 | €8,553 | +€1,068 | +14.3% |
| Furniture and vehicles | 24 | €9,158 | €9,579 | +€421 | +4.6% |
| Financial fixed assets | 28 | €393 | €393 | = | 0.0% |
| Current assets | 29/58 | €98,623 | €89,827 | -€8,796 | -8.9% |
| Stocks and contracts in progress | 3 | €3,520 | €4,610 | +€1,090 | +31.0% |
| Stocks | 30/36 | €3,520 | €4,610 | +€1,090 | +31.0% |
| Amounts receivable within one year | 40/41 | €38,983 | €57,358 | +€18,374 | +47.1% |
| Trade receivables | 40 | €4,904 | €1,397 | -€3,507 | -71.5% |
| Other amounts receivable | 41 | €34,079 | €55,961 | +€21,881 | +64.2% |
| Cash at bank and in hand | 54/58 | €54,183 | €26,360 | -€27,823 | -51.3% |
| Deferred charges and accrued income | 490/1 | €1,937 | €1,500 | -€437 | -22.6% |
| Total equity and liabilities | 10/49 | €188,219 | €162,332 | -€25,887 | -13.8% |
| Equity | 10/15 | €37,940 | €59,572 | +€21,632 | +57.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,068 | €22,647 | +€20,579 | +995% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €209 | €20,787 | +€20,579 | +9,865% |
| Profit (loss) carried forward | 14 | €17,280 | €18,333 | +€1,053 | +6.1% |
| Amounts payable | 17/49 | €150,279 | €102,760 | -€47,519 | -31.6% |
| Amounts payable within one year | 42/48 | €150,279 | €102,760 | -€47,519 | -31.6% |
| Trade debts | 44 | €39,448 | €24,306 | -€15,142 | -38.4% |
| Suppliers | 440/4 | €39,448 | €24,306 | -€15,142 | -38.4% |
| Taxes, remuneration and social security | 45 | €36,002 | €3,625 | -€32,377 | -89.9% |
| Taxes | 450/3 | €21,720 | €3,625 | -€18,095 | -83.3% |
| Remuneration and social security | 454/9 | €14,282 | - | -€14,282 | |
| Other amounts payable | 47/48 | €74,830 | €74,830 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €187,755 | €176,032 | -€11,723 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,427 | €21,638 | +€6,211 | +40.3% |
| Other operating charges | 640/8 | €6,639 | €5,684 | -€955 | -14.4% |
| Non-recurring operating charges | 66A | €1,060 | €4,655 | +€3,595 | +339% |
| Gross operating margin | 9900 | €183,764 | €234,447 | +€50,683 | +27.6% |
| Operating profit (loss) | 9901 | -€27,116 | €26,438 | +€53,554 | |
| Financial income | 75/76B | €1,609 | €1,738 | +€129 | +8.0% |
| Recurring financial income | 75 | €1,609 | €1,738 | +€129 | +8.0% |
| Financial charges | 65/66B | €71 | €165 | +€95 | +134% |
| Recurring financial charges | 65 | €71 | €165 | +€95 | +134% |
| Profit (loss) for the period before taxes | 9903 | -€25,578 | €28,010 | +€53,588 | |
| Income taxes | 67/77 | - | €2,432 | +€2,432 | |
| Profit (loss) for the period | 9904 | -€25,578 | €25,579 | +€51,156 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,578 | €25,579 | +€51,156 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.