SODRIFAR: 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.
SODRIFAR
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€88,804
up €88,804 (+49.7%), from €178,653 to €267,457
- Debts after one year -€59,655
down €59,655 (-12.3%), from €486,634 to €426,979
- Tax, wage and social debts -€33,006
down €33,006 (-73.0%), from €45,232 to €12,226
of which Remuneration and social security: -€33,415
- Financial income -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Staff costs -€10,978
down €10,978 (-25.4%), from €43,206 to €32,228
- Other operating charges +€9,094
up €9,094 (+858%), from €1,060 to €10,154
- Gross operating margin +€8,310
up €8,310 (+22.1%), from €37,539 to €45,849
- Depreciation -€1,520
down €1,520 (-82.3%), from €1,846 to €327
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 | €1,108,898 | €1,096,505 | -€12,392 | -1.1% |
| Fixed assets | 21/28 | €1,100,444 | €1,091,222 | -€9,222 | -0.8% |
| Tangible fixed assets | 22/27 | €11,565 | €2,342 | -€9,222 | -79.7% |
| Land and buildings | 22 | €2,669 | €2,342 | -€327 | -12.2% |
| Furniture and vehicles | 24 | €8,896 | €0 | -€8,896 | -100% |
| Financial fixed assets | 28 | €1,088,880 | €1,088,880 | = | 0.0% |
| Current assets | 29/58 | €8,453 | €5,283 | -€3,170 | -37.5% |
| Amounts receivable within one year | 40/41 | €3,105 | €311 | -€2,795 | -90.0% |
| Trade receivables | 40 | €3,105 | €311 | -€2,795 | -90.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,009 | €0 | -€1,009 | -100% |
| Deferred charges and accrued income | 490/1 | €4,338 | €4,973 | +€634 | +14.6% |
| Total equity and liabilities | 10/49 | €1,108,898 | €1,096,505 | -€12,392 | -1.1% |
| Equity | 10/15 | €327,285 | €316,590 | -€10,695 | -3.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €217,285 | €206,590 | -€10,695 | -4.9% |
| Amounts payable | 17/49 | €781,613 | €779,916 | -€1,697 | -0.2% |
| Amounts payable after more than one year | 17 | €486,634 | €426,979 | -€59,655 | -12.3% |
| Financial debts | 170/4 | €486,634 | €426,979 | -€59,655 | -12.3% |
| Amounts payable within one year | 42/48 | €294,979 | €352,937 | +€57,958 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €59,148 | €59,655 | +€507 | +0.9% |
| Trade debts | 44 | €11,946 | €13,599 | +€1,653 | +13.8% |
| Suppliers | 440/4 | €11,946 | €13,599 | +€1,653 | +13.8% |
| Taxes, remuneration and social security | 45 | €45,232 | €12,226 | -€33,006 | -73.0% |
| Taxes | 450/3 | €4,741 | €5,150 | +€409 | +8.6% |
| Remuneration and social security | 454/9 | €40,491 | €7,076 | -€33,415 | -82.5% |
| Other amounts payable | 47/48 | €178,653 | €267,457 | +€88,804 | +49.7% |
| Remuneration, social security and pensions | 62 | €43,206 | €32,228 | -€10,978 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,846 | €327 | -€1,520 | -82.3% |
| Other operating charges | 640/8 | €1,060 | €10,154 | +€9,094 | +858% |
| Gross operating margin | 9900 | €37,539 | €45,849 | +€8,310 | +22.1% |
| Operating profit (loss) | 9901 | -€8,573 | €3,141 | +€11,714 | |
| Financial income | 75/76B | €50,000 | €0 | -€50,000 | -100.0% |
| Recurring financial income | 75 | €50,000 | €0 | -€50,000 | -100.0% |
| Financial charges | 65/66B | €14,068 | €13,837 | -€231 | -1.6% |
| Recurring financial charges | 65 | €14,068 | €13,837 | -€231 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €27,359 | -€10,695 | -€38,055 | |
| Income taxes | 67/77 | €142 | €0 | -€142 | -100% |
| Profit (loss) for the period | 9904 | €27,217 | -€10,695 | -€37,912 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,217 | -€10,695 | -€37,912 |
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 26 October 2026 via checked.be.