SODIPROJECT: 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.
SODIPROJECT
Largest movements
- Tangible fixed assets +€328,309
up €328,309 (+12.3%), from €2.7m to €3.0m
of which Land and buildings: +€340,813
- Cash -€47,021
down €47,021 (-32.1%), from €146,492 to €99,471
mainly Investment in fixed assets (net) (-€421,875) and Debts after one year (-€64,155)
- Other debts +€207,489
up €207,489 (+13.2%), from €1.6m to €1.8m
- Profit (loss) carried forward +€105,413
up €105,413 (+76.3%), from €138,135 to €243,548
- Debts after one year -€64,155
down €64,155 (-6.0%), from €1.1m to €1.0m
of which Financial debts: -€64,276
- Gross operating margin +€30,799
up €30,799 (+11.6%), from €264,400 to €295,200
- Depreciation +€22,761
up €22,761 (+32.1%), from €70,805 to €93,566
- Financial charges +€9,938
up €9,938 (+22.5%), from €44,155 to €54,094
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 | €2,902,115 | €3,175,276 | +€273,161 | +9.4% |
| Fixed assets | 21/28 | €2,669,840 | €2,998,149 | +€328,309 | +12.3% |
| Tangible fixed assets | 22/27 | €2,669,840 | €2,998,149 | +€328,309 | +12.3% |
| Land and buildings | 22 | €2,619,742 | €2,960,555 | +€340,813 | +13.0% |
| Plant, machinery and equipment | 23 | €2,180 | €1,470 | -€710 | -32.6% |
| Furniture and vehicles | 24 | €47,918 | €36,123 | -€11,794 | -24.6% |
| Current assets | 29/58 | €232,275 | €177,127 | -€55,148 | -23.7% |
| Amounts receivable within one year | 40/41 | €18,125 | €18,176 | +€51 | +0.3% |
| Trade receivables | 40 | €18,125 | €18,176 | +€51 | +0.3% |
| Cash at bank and in hand | 54/58 | €146,492 | €99,471 | -€47,021 | -32.1% |
| Deferred charges and accrued income | 490/1 | €67,659 | €59,481 | -€8,178 | -12.1% |
| Total equity and liabilities | 10/49 | €2,902,115 | €3,175,276 | +€273,161 | +9.4% |
| Equity | 10/15 | €148,135 | €253,548 | +€105,413 | +71.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,135 | €243,548 | +€105,413 | +76.3% |
| Amounts payable | 17/49 | €2,753,980 | €2,921,728 | +€167,748 | +6.1% |
| Amounts payable after more than one year | 17 | €1,073,541 | €1,009,386 | -€64,155 | -6.0% |
| Financial debts | 170/4 | €1,073,541 | €1,009,265 | -€64,276 | -6.0% |
| Other amounts payable | 178/9 | - | €121 | +€121 | |
| Amounts payable within one year | 42/48 | €1,680,440 | €1,912,342 | +€231,903 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €61,838 | €64,276 | +€2,438 | +3.9% |
| Trade debts | 44 | €453 | €478 | +€25 | +5.6% |
| Suppliers | 440/4 | €453 | €478 | +€25 | +5.6% |
| Taxes, remuneration and social security | 45 | €51,537 | €73,487 | +€21,951 | +42.6% |
| Taxes | 450/3 | €49,137 | €72,487 | +€23,351 | +47.5% |
| Remuneration and social security | 454/9 | €2,400 | €1,000 | -€1,400 | -58.3% |
| Other amounts payable | 47/48 | €1,566,613 | €1,774,101 | +€207,489 | +13.2% |
| Non-recurring operating income | 76A | €16,912 | - | -€16,912 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,805 | €93,566 | +€22,761 | +32.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €500 | +€500 | |
| Other operating charges | 640/8 | €10,131 | €11,920 | +€1,789 | +17.7% |
| Gross operating margin | 9900 | €264,400 | €295,200 | +€30,799 | +11.6% |
| Operating profit (loss) | 9901 | €183,464 | €189,214 | +€5,750 | +3.1% |
| Financial income | 75/76B | - | €384 | +€384 | |
| Recurring financial income | 75 | - | €384 | +€384 | |
| Financial charges | 65/66B | €44,155 | €54,094 | +€9,938 | +22.5% |
| Recurring financial charges | 65 | €44,155 | €54,094 | +€9,938 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €139,309 | €135,505 | -€3,804 | -2.7% |
| Income taxes | 67/77 | €29,621 | €30,092 | +€470 | +1.6% |
| Profit (loss) for the period | 9904 | €109,687 | €105,413 | -€4,274 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €109,687 | €105,413 | -€4,274 | -3.9% |
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 4 October 2026 via checked.be.