SODRY: 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.
SODRY
Largest movements
- Stocks and contracts -€243,000
down €243,000 (-49.8%), from €488,000 to €245,000
- Receivables within one year +€152,175
up €152,175 (+28.6%), from €532,707 to €684,882
of which Trade receivables: +€139,626
- Current investments -€149,690
no longer reported in 2025 (was €149,690)
- Cash +€92,560
up €92,560 (+70.1%), from €132,058 to €224,618
mainly Stocks and contracts (+€243,000) and Depreciation (+€212,204)
- Tangible fixed assets -€58,813
down €58,813 (-4.3%), from €1.4m to €1.3m
of which Land and buildings: -€85,623
- Other debts -€239,110
down €239,110 (-77.3%), from €309,333 to €70,223
- Provisions +€74,312
new in 2025: €74,312
- Debts after one year -€66,353
down €66,353 (-11.1%), from €597,925 to €531,572
- Profit (loss) carried forward +€29,808
up €29,808 (+3.3%), from €899,053 to €928,861
- Gross operating margin -€140,592
down €140,592 (-10.2%), from €1.4m to €1.2m
- Write-downs +€124,312
up €124,312, from -€50,000 to €74,312
- Financial charges -€90,098
down €90,098 (-55.7%), from €161,658 to €71,560
of which Non-recurring financial charges: -€73,372
- Financial income +€36,322
up €36,322 (+2027.7%), from €1,791 to €38,114
- Taxes -€31,274
down €31,274 (-54.6%), from €57,261 to €25,987
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 | €2,716,486 | €2,519,284 | -€197,202 | -7.3% |
| Fixed assets | 21/28 | €1,414,031 | €1,364,784 | -€49,247 | -3.5% |
| Tangible fixed assets | 22/27 | €1,354,739 | €1,295,927 | -€58,813 | -4.3% |
| Land and buildings | 22 | €922,510 | €836,888 | -€85,623 | -9.3% |
| Plant, machinery and equipment | 23 | €73,890 | €64,524 | -€9,366 | -12.7% |
| Furniture and vehicles | 24 | €358,339 | €394,515 | +€36,176 | +10.1% |
| Financial fixed assets | 28 | €59,291 | €68,857 | +€9,566 | +16.1% |
| Current assets | 29/58 | €1,302,455 | €1,154,500 | -€147,955 | -11.4% |
| Stocks and contracts in progress | 3 | €488,000 | €245,000 | -€243,000 | -49.8% |
| Stocks | 30/36 | €488,000 | €245,000 | -€243,000 | -49.8% |
| Amounts receivable within one year | 40/41 | €532,707 | €684,882 | +€152,175 | +28.6% |
| Trade receivables | 40 | €289,586 | €429,213 | +€139,626 | +48.2% |
| Other amounts receivable | 41 | €243,120 | €255,669 | +€12,549 | +5.2% |
| Current investments | 50/53 | €149,690 | - | -€149,690 | |
| Cash at bank and in hand | 54/58 | €132,058 | €224,618 | +€92,560 | +70.1% |
| Total equity and liabilities | 10/49 | €2,716,486 | €2,519,284 | -€197,202 | -7.3% |
| Equity | 10/15 | €1,279,499 | €1,307,507 | +€28,008 | +2.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €7,039 | €7,039 | = | 0.0% |
| Reserves | 13 | €283,107 | €283,107 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,281 | €15,281 | = | 0.0% |
| Legal reserve | 130 | €15,281 | €15,281 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €230,326 | €230,326 | = | 0.0% |
| Profit (loss) carried forward | 14 | €899,053 | €928,861 | +€29,808 | +3.3% |
| Investment grants | 15 | €28,800 | €27,000 | -€1,800 | -6.3% |
| Provisions and deferred taxes | 16 | - | €74,312 | +€74,312 | |
| Provisions for liabilities and charges | 160/5 | - | €74,312 | +€74,312 | |
| Environmental obligations | 163 | - | €74,312 | +€74,312 | |
| Amounts payable | 17/49 | €1,436,987 | €1,137,465 | -€299,522 | -20.8% |
| Amounts payable after more than one year | 17 | €597,925 | €531,572 | -€66,353 | -11.1% |
| Financial debts | 170/4 | €597,925 | €531,572 | -€66,353 | -11.1% |
| Amounts payable within one year | 42/48 | €839,062 | €605,894 | -€233,169 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €144,064 | €153,189 | +€9,125 | +6.3% |
| Trade debts | 44 | €376,455 | €369,002 | -€7,454 | -2.0% |
| Suppliers | 440/4 | €376,455 | €369,002 | -€7,454 | -2.0% |
| Taxes, remuneration and social security | 45 | €9,210 | €13,480 | +€4,270 | +46.4% |
| Taxes | 450/3 | €1,566 | €5,882 | +€4,316 | +275.6% |
| Remuneration and social security | 454/9 | €7,644 | €7,598 | -€46 | -0.6% |
| Other amounts payable | 47/48 | €309,333 | €70,223 | -€239,110 | -77.3% |
| Remuneration, social security and pensions | 62 | €815,508 | €828,544 | +€13,036 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206,844 | €212,204 | +€5,360 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€50,000 | €74,312 | +€124,312 | |
| Other operating charges | 640/8 | €19,631 | €31,851 | +€12,220 | +62.3% |
| Gross operating margin | 9900 | €1,376,744 | €1,236,152 | -€140,592 | -10.2% |
| Operating profit (loss) | 9901 | €384,761 | €89,241 | -€295,519 | -76.8% |
| Financial income | 75/76B | €1,791 | €38,114 | +€36,322 | +2027.7% |
| Recurring financial income | 75 | €1,791 | €38,114 | +€36,322 | +2027.7% |
| Financial charges | 65/66B | €161,658 | €71,560 | -€90,098 | -55.7% |
| Recurring financial charges | 65 | €88,286 | €71,560 | -€16,726 | -18.9% |
| Non-recurring financial charges | 66B | €73,372 | - | -€73,372 | |
| Profit (loss) for the period before taxes | 9903 | €224,894 | €55,795 | -€169,099 | -75.2% |
| Income taxes | 67/77 | €57,261 | €25,987 | -€31,274 | -54.6% |
| Profit (loss) for the period | 9904 | €167,633 | €29,808 | -€137,824 | -82.2% |
| Profit (loss) for the period to be appropriated | 9905 | €167,633 | €29,808 | -€137,824 | -82.2% |
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 11 October 2026 via checked.be.