SODOFIN: 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.
SODOFIN
Largest movements
- Tangible fixed assets -€302,938
down €302,938 (-16.3%), from €1.9m to €1.6m
of which Land and buildings: -€280,729
- Cash +€159,476
up €159,476 (+288%), from €55,329 to €214,804
mainly Net result for the year (+€257,146) and Depreciation (+€161,616)
- Financial fixed assets +€145,000
new in 2025: €145,000
- Receivables within one year +€107,021
up €107,021 (+3.3%), from €3.3m to €3.4m
of which Other amounts receivable: +€105,953
- Other debts -€397,008
down €397,008 (-17.5%), from €2.3m to €1.9m
- Reserves +€257,146
up €257,146 (+7.2%), from €3.6m to €3.8m
of which Tax-exempt reserves: +€208,619
- Contributions +€145,000
up €145,000 (+780%), from €18,600 to €163,600
- Provisions +€69,540
new in 2025: €69,540
- Gross operating margin +€337,748
up €337,748 (+231%), from €145,996 to €483,744
- Financial income -€23,816
down €23,816 (-44.0%), from €54,077 to €30,261
- Depreciation -€8,724
down €8,724 (-5.1%), from €170,340 to €161,616
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,862,650 | €5,967,391 | +€104,741 | +1.8% |
| Fixed assets | 21/28 | €1,854,314 | €1,696,376 | -€157,938 | -8.5% |
| Tangible fixed assets | 22/27 | €1,854,314 | €1,551,376 | -€302,938 | -16.3% |
| Land and buildings | 22 | €1,749,648 | €1,468,919 | -€280,729 | -16.0% |
| Plant, machinery and equipment | 23 | €19,402 | €17,684 | -€1,718 | -8.9% |
| Furniture and vehicles | 24 | €85,265 | €64,774 | -€20,491 | -24.0% |
| Financial fixed assets | 28 | - | €145,000 | +€145,000 | |
| Current assets | 29/58 | €4,008,336 | €4,271,015 | +€262,679 | +6.6% |
| Amounts receivable after more than one year | 29 | €684,275 | €684,275 | = | 0.0% |
| Other amounts receivable | 291 | €684,275 | €684,275 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,838 | €1,419 | -€1,419 | -50.0% |
| Stocks | 30/36 | €2,838 | €1,419 | -€1,419 | -50.0% |
| Amounts receivable within one year | 40/41 | €3,262,161 | €3,369,182 | +€107,021 | +3.3% |
| Trade receivables | 40 | €1,573 | €2,641 | +€1,068 | +67.9% |
| Other amounts receivable | 41 | €3,260,588 | €3,366,541 | +€105,953 | +3.2% |
| Cash at bank and in hand | 54/58 | €55,329 | €214,804 | +€159,476 | +288% |
| Deferred charges and accrued income | 490/1 | €3,733 | €1,335 | -€2,398 | -64.2% |
| Total equity and liabilities | 10/49 | €5,862,650 | €5,967,391 | +€104,741 | +1.8% |
| Equity | 10/15 | €3,583,096 | €3,985,242 | +€402,146 | +11.2% |
| Contributions | 10/11 | €18,600 | €163,600 | +€145,000 | +780% |
| Reserves | 13 | €3,564,496 | €3,821,642 | +€257,146 | +7.2% |
| Non-distributable reserves | 130/1 | €88,039 | €88,039 | = | 0.0% |
| Reserves not available under the articles | 1311 | €88,039 | €88,039 | = | 0.0% |
| Tax-exempt reserves | 132 | €68 | €208,687 | +€208,619 | +306,612% |
| Distributable reserves | 133 | €3,476,389 | €3,524,916 | +€48,527 | +1.4% |
| Provisions and deferred taxes | 16 | - | €69,540 | +€69,540 | |
| Deferred taxes | 168 | - | €69,540 | +€69,540 | |
| Amounts payable | 17/49 | €2,279,554 | €1,912,610 | -€366,944 | -16.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,279,554 | €1,912,610 | -€366,944 | -16.1% |
| Trade debts | 44 | €2,282 | €39,161 | +€36,879 | +1,616% |
| Suppliers | 440/4 | €2,282 | €39,161 | +€36,879 | +1,616% |
| Taxes, remuneration and social security | 45 | €6,815 | €0 | -€6,815 | -100% |
| Taxes | 450/3 | €6,815 | €0 | -€6,815 | -100% |
| Other amounts payable | 47/48 | €2,270,457 | €1,873,449 | -€397,008 | -17.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €311,829 | +€311,829 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,340 | €161,616 | -€8,724 | -5.1% |
| Other operating charges | 640/8 | €19,390 | €19,100 | -€291 | -1.5% |
| Non-recurring operating charges | 66A | - | €6,423 | +€6,423 | |
| Gross operating margin | 9900 | €145,996 | €483,744 | +€337,748 | +231% |
| Operating profit (loss) | 9901 | -€43,734 | €296,606 | +€340,340 | |
| Financial income | 75/76B | €54,077 | €30,261 | -€23,816 | -44.0% |
| Recurring financial income | 75 | €54,077 | €30,261 | -€23,816 | -44.0% |
| Financial charges | 65/66B | €768 | €181 | -€587 | -76.4% |
| Recurring financial charges | 65 | €768 | €181 | -€587 | -76.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €9,575 | €326,685 | +€317,111 | +3,312% |
| Transfer to deferred taxes | 680 | - | €69,540 | +€69,540 | |
| Income taxes | 67/77 | -€66 | €0 | +€66 | |
| Profit (loss) for the period | 9904 | €9,640 | €257,146 | +€247,505 | +2,567% |
| Transfer to tax-exempt reserves | 689 | - | €208,619 | +€208,619 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,640 | €48,527 | +€38,887 | +403% |
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 21 October 2026 via checked.be.