Despite a quasi-stagnant turnover of 2.201 billion CFA Francs, personnel costs, which have risen to 2.126 billion CFA Francs, absorb almost all operating revenues. The commercial activity of buying and selling livestock alone records a negative margin of 434.9 million CFA Francs, resulting from procurement costs of 862.7 million CFA Francs for only 427.8 million CFA Francs of sales achieved.

The analysis of the balance sheet reveals a portfolio of gross receivables of 102.5 million CFA Francs, of which 90.4% are classified as doubtful or disputed. An amount of 92.7 million CFA Francs, corresponding to meat sales made on credit to clients who are now deceased or have been untraceable for over fifteen years, is subject to a 100% depreciation. The accounting clearance awaits a formal decision from the management to sanitize the customer account, reduced to a net value of 9.8 million CFA Francs.

The available cash, standing at 2.044 billion CFA Francs compared to 100.6 million CFA Francs in 2024, does not result from industrial performance but from the payment of 1.973 billion CFA Francs of public investment subsidies and the subscription of 743.2 million CFA Francs of new loans. The total financial debt rises to 5.750 billion CFA Francs, imposing an urgent restructuring of procurement processes and recovery methods to ensure the sustainability of the public company.


Nlend Flore

Tags: sodepa déficit net finances publiques endettement restructuration entreprise publique crise financière gestion de trésorerie subventions publiques