Sodiwe: 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
Sodiwe
NACE 78.200, Temporary employment agencies and other provision of personnel
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €731,406+€414,878
Equity
€11.0m
2024 · €9.9m+€1.1m
Cash
€19.2m
2024 · €21.2m-€1.9m
Balance sheet total
€38.9m
2024 · €40.6m-€1.6m
Largest movements
Assets
- Cash -€1.9m
down €1.9m (-9.1%), from €21.2m to €19.2m
mainly Advances received (-€2.5m) and Current investments (-€534,257)
- Current investments +€534,257
up €534,257 (+3.9%), from €13.7m to €14.2m
Equity and liabilities
- Advances received -€2.5m
down €2.5m (-9.1%), from €27.9m to €25.3m
- Profit (loss) carried forward +€1.1m
up €1.1m (+11.6%), from €9.9m to €11.0m
Income statement
- Financial income +€354,517
up €354,517 (+88.0%), from €402,690 to €757,207
of which Non-recurring financial income: +€443,598
- Turnover +€143,872
up €143,872 (+1.5%), from €9.3m to €9.5m
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
€731,406
Turnover
+€143,872
Other operating income
-€6,224
Services and other goods
+€23,890
Staff costs
-€75,738
Depreciation
-€59,265
Write-downs
+€18,036
Other operating charges
-€10,122
Other operating items
+€37,783
Financial income
+€354,517
Financial charges
-€11,870
Result 2025
€1.1m
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
-€1.0m
Investment
-€738,177
Financing
-€154,582
Cash 2024
€21.2m
From operations (derived)
-€1.0m
Net result for the year
+€1.1m
Depreciation
+€488,308
Receivables within one year
-€32,149
Deferred charges and accrued income
-€7,403
Provisions
-€37,987
Trade debts
-€116,437
Tax, wage and social debts
+€73,106
Advances received
-€2.5m
Accrued charges and deferred income
+€20
Investment (derived)
-€738,177
Investment in fixed assets (net)
-€203,921
Current investments
-€534,257
Financing
-€154,582
Debts after one year
-€155,293
Current portion of long-term debt
+€711
Cash 2025
€19.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,552,324 | €38,920,449 | -€1.6m | -4.0% |
| Fixed assets | 21/28 | €4,682,121 | €4,397,733 | -€284,388 | -6.1% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €4,574,583 | €4,285,920 | -€288,663 | -6.3% |
| Land and buildings | 22 | €4,174,545 | €3,836,123 | -€338,422 | -8.1% |
| Plant, machinery and equipment | 23 | €306,811 | €404,690 | +€97,879 | +31.9% |
| Furniture and vehicles | 24 | €12,390 | - | -€12,390 | |
| Leasing and similar rights | 25 | €61,588 | €45,107 | -€16,481 | -26.8% |
| Assets under construction and advance payments | 27 | €19,249 | - | -€19,249 | |
| Financial fixed assets | 28 | €107,537 | €111,812 | +€4,275 | +4.0% |
| Other financial fixed assets | 284/8 | €107,537 | €111,812 | +€4,275 | +4.0% |
| Amounts receivable and cash guarantees | 285/8 | €107,537 | €111,812 | +€4,275 | +4.0% |
| Current assets | 29/58 | €35,870,203 | €34,522,716 | -€1.3m | -3.8% |
| Amounts receivable within one year | 40/41 | €783,248 | €815,397 | +€32,149 | +4.1% |
| Trade receivables | 40 | €781,719 | €811,117 | +€29,397 | +3.8% |
| Other amounts receivable | 41 | €1,529 | €4,281 | +€2,752 | +180% |
| Current investments | 50/53 | €13,701,169 | €14,235,426 | +€534,257 | +3.9% |
| Cash at bank and in hand | 54/58 | €21,150,124 | €19,228,829 | -€1.9m | -9.1% |
| Deferred charges and accrued income | 490/1 | €235,661 | €243,065 | +€7,403 | +3.1% |
| Total equity and liabilities | 10/49 | €40,552,324 | €38,920,449 | -€1.6m | -4.0% |
| Equity | 10/15 | €9,859,354 | €11,005,639 | +€1.1m | +11.6% |
| Profit (loss) carried forward | 14 | €9,859,354 | €11,005,639 | +€1.1m | +11.6% |
| Provisions and deferred taxes | 16 | €122,866 | €84,879 | -€37,987 | -30.9% |
| Provisions for liabilities and charges | 160/5 | €122,866 | €84,879 | -€37,987 | -30.9% |
| Major repairs and maintenance | 162 | €122,866 | €84,879 | -€37,987 | -30.9% |
| Amounts payable | 17/49 | €30,570,103 | €27,829,931 | -€2.7m | -9.0% |
| Amounts payable after more than one year | 17 | €483,311 | €328,018 | -€155,293 | -32.1% |
| Financial debts | 170/4 | €240,238 | €93,900 | -€146,339 | -60.9% |
| Leasing and similar obligations | 172 | €45,238 | €28,900 | -€16,339 | -36.1% |
| Credit institutions | 173 | €195,000 | €65,000 | -€130,000 | -66.7% |
| Other amounts payable | 178/9 | €243,073 | €234,118 | -€8,955 | -3.7% |
| Amounts payable within one year | 42/48 | €30,031,776 | €27,446,878 | -€2.6m | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €145,630 | €146,341 | +€711 | +0.5% |
| Trade debts | 44 | €640,833 | €524,396 | -€116,437 | -18.2% |
| Suppliers | 440/4 | €640,833 | €524,396 | -€116,437 | -18.2% |
| Advances received on contracts in progress | 46 | €27,853,314 | €25,311,036 | -€2.5m | -9.1% |
| Taxes, remuneration and social security | 45 | €1,391,998 | €1,465,104 | +€73,106 | +5.3% |
| Taxes | 450/3 | €634,095 | €680,764 | +€46,668 | +7.4% |
| Remuneration and social security | 454/9 | €757,902 | €784,340 | +€26,438 | +3.5% |
| Accrued charges and deferred income | 492/3 | €55,016 | €55,036 | +€20 | 0.0% |
| Operating income | 70/76A | €9,468,168 | €9,600,947 | +€132,779 | +1.4% |
| Turnover | 70 | €9,343,568 | €9,487,440 | +€143,872 | +1.5% |
| Other operating income | 74 | €109,122 | €102,897 | -€6,224 | -5.7% |
| Non-recurring operating income | 76A | €15,478 | €10,610 | -€4,868 | -31.5% |
| Operating charges | 60/66A | €9,082,704 | €9,143,253 | +€60,549 | +0.7% |
| Services and other goods | 61 | €2,346,693 | €2,322,804 | -€23,890 | -1.0% |
| Remuneration, social security and pensions | 62 | €6,049,573 | €6,125,311 | +€75,738 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €429,043 | €488,308 | +€59,265 | +13.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,757 | €3,721 | -€18,036 | -82.9% |
| Other operating charges | 640/8 | €228,263 | €238,385 | +€10,122 | +4.4% |
| Non-recurring operating charges | 66A | - | €2,712 | +€2,712 | |
| Operating profit (loss) | 9901 | €385,463 | €457,694 | +€72,231 | +18.7% |
| Financial income | 75/76B | €402,690 | €757,207 | +€354,517 | +88.0% |
| Recurring financial income | 75 | €402,178 | €313,097 | -€89,081 | -22.1% |
| Other financial income | 752/9 | €402,178 | €313,097 | -€89,081 | -22.1% |
| Non-recurring financial income | 76B | €512 | €444,110 | +€443,598 | +86,640% |
| Financial charges | 65/66B | €56,747 | €68,616 | +€11,870 | +20.9% |
| Recurring financial charges | 65 | €56,710 | €68,480 | +€11,770 | +20.8% |
| Debt charges | 650 | €53,128 | €64,467 | +€11,339 | +21.3% |
| Other financial charges | 652/9 | €3,581 | €4,013 | +€431 | +12.0% |
| Non-recurring financial charges | 66B | €37 | €136 | +€99 | +267% |
| Profit (loss) for the period before taxes | 9903 | €731,406 | €1,146,284 | +€414,878 | +56.7% |
| Profit (loss) for the period | 9904 | €731,406 | €1,146,284 | +€414,878 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €731,406 | €1,146,284 | +€414,878 | +56.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.