SODO: 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.
SODO
Largest movements
- Receivables within one year +€95,967
up €95,967 (+65.0%), from €147,663 to €243,630
of which Trade receivables: +€51,521
- Tangible fixed assets -€15,391
down €15,391 (-10.8%), from €142,683 to €127,292
- Profit (loss) carried forward +€66,916
up €66,916, from -€63,798 to €3,119
- Trade debts +€12,671
up €12,671 (+18.8%), from €67,535 to €80,206
- Tax, wage and social debts +€9,214
up €9,214 (+42.1%), from €21,893 to €31,107
- Debts after one year -€8,460
down €8,460 (-45.1%), from €18,745 to €10,285
- Gross operating margin +€61,909
up €61,909 (+238%), from €26,049 to €87,958
- Other operating charges -€3,193
down €3,193 (-75.6%), from €4,221 to €1,029
- Financial charges -€2,529
down €2,529 (-59.2%), from €4,274 to €1,745
- Depreciation -€1,764
down €1,764 (-9.8%), from €17,919 to €16,156
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €293,084 | €375,529 | +€82,446 | +28.1% |
| Fixed assets | 21/28 | €142,683 | €130,808 | -€11,876 | -8.3% |
| Intangible fixed assets | 21 | - | €3,515 | +€3,515 | |
| Tangible fixed assets | 22/27 | €142,683 | €127,292 | -€15,391 | -10.8% |
| Land and buildings | 22 | €78,610 | €71,197 | -€7,413 | -9.4% |
| Plant, machinery and equipment | 23 | €9,509 | €7,012 | -€2,497 | -26.3% |
| Furniture and vehicles | 24 | €3,466 | €2,214 | -€1,252 | -36.1% |
| Other tangible fixed assets | 26 | €51,099 | €46,869 | -€4,230 | -8.3% |
| Current assets | 29/58 | €150,400 | €244,722 | +€94,322 | +62.7% |
| Amounts receivable within one year | 40/41 | €147,663 | €243,630 | +€95,967 | +65.0% |
| Trade receivables | 40 | €39,525 | €91,046 | +€51,521 | +130% |
| Other amounts receivable | 41 | €108,138 | €152,583 | +€44,446 | +41.1% |
| Cash at bank and in hand | 54/58 | €1,875 | €804 | -€1,070 | -57.1% |
| Deferred charges and accrued income | 490/1 | €862 | €288 | -€575 | -66.6% |
| Total equity and liabilities | 10/49 | €293,084 | €375,529 | +€82,446 | +28.1% |
| Equity | 10/15 | €145,810 | €212,726 | +€66,916 | +45.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €191,007 | €191,007 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €132,897 | €132,897 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,798 | €3,119 | +€66,916 | |
| Amounts payable | 17/49 | €147,274 | €162,803 | +€15,529 | +10.5% |
| Amounts payable after more than one year | 17 | €18,745 | €10,285 | -€8,460 | -45.1% |
| Financial debts | 170/4 | €18,745 | €10,285 | -€8,460 | -45.1% |
| Amounts payable within one year | 42/48 | €128,529 | €152,519 | +€23,989 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €8,718 | €8,391 | -€327 | -3.8% |
| Financial debts | 43 | - | €2,432 | +€2,432 | |
| Credit institutions | 430/8 | - | €2,432 | +€2,432 | |
| Trade debts | 44 | €67,535 | €80,206 | +€12,671 | +18.8% |
| Suppliers | 440/4 | €67,535 | €80,206 | +€12,671 | +18.8% |
| Advances received on contracts in progress | 46 | €30,383 | €30,383 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €21,893 | €31,107 | +€9,214 | +42.1% |
| Taxes | 450/3 | €21,893 | €31,107 | +€9,214 | +42.1% |
| Non-recurring operating income | 76A | €4,947 | - | -€4,947 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,919 | €16,156 | -€1,764 | -9.8% |
| Other operating charges | 640/8 | €4,221 | €1,029 | -€3,193 | -75.6% |
| Non-recurring operating charges | 66A | €1,446 | €1,540 | +€94 | +6.5% |
| Gross operating margin | 9900 | €26,049 | €87,958 | +€61,909 | +238% |
| Operating profit (loss) | 9901 | €2,463 | €69,233 | +€66,771 | +2,711% |
| Financial charges | 65/66B | €4,274 | €1,745 | -€2,529 | -59.2% |
| Recurring financial charges | 65 | €4,274 | €1,745 | -€2,529 | -59.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,811 | €67,489 | +€69,300 | |
| Income taxes | 67/77 | €273 | €572 | +€300 | +110% |
| Profit (loss) for the period | 9904 | -€2,084 | €66,916 | +€69,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,084 | €66,916 | +€69,000 |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.