Société Commerciale Sovac: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Société Commerciale Sovac
Largest movements
- Receivables within one year -€108,642
down €108,642 (-37.9%), from €286,462 to €177,820
of which Trade receivables: -€110,959
- Tangible fixed assets -€18,730
down €18,730 (-35.4%), from €52,881 to €34,151
of which Furniture and vehicles: -€16,385
- Cash +€11,729
up €11,729 (+31.4%), from €37,352 to €49,081
mainly Receivables within one year (+€108,642) and Debts after one year (+€45,000)
- Profit (loss) carried forward -€85,769
new in 2024: -€85,769
- Debts after one year +€45,000
up €45,000 (+17.5%), from €257,592 to €302,592
- Trade debts -€35,899
down €35,899 (-23.8%), from €150,624 to €114,726
- Tax, wage and social debts -€22,776
down €22,776 (-30.0%), from €75,892 to €53,116
of which Taxes: -€26,459
- Other debts -€17,903
down €17,903 (-24.3%), from €73,648 to €55,745
- Write-downs +€81,461
up €81,461 (+64.3%), from €126,712 to €208,173
- Gross operating margin +€77,588
up €77,588 (+18.4%), from €421,574 to €499,162
- Staff costs +€51,724
up €51,724 (+19.5%), from €265,170 to €316,894
- Other operating charges +€27,199
up €27,199 (+326%), from €8,356 to €35,555
- Depreciation +€7,938
up €7,938 (+73.6%), from €10,792 to €18,730
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €908,870 | €791,517 | -€117,353 | -12.9% |
| Fixed assets | 21/28 | €56,434 | €37,704 | -€18,730 | -33.2% |
| Tangible fixed assets | 22/27 | €52,881 | €34,151 | -€18,730 | -35.4% |
| Plant, machinery and equipment | 23 | €12,578 | €10,233 | -€2,346 | -18.6% |
| Furniture and vehicles | 24 | €40,303 | €23,918 | -€16,385 | -40.7% |
| Financial fixed assets | 28 | €3,553 | €3,553 | = | 0.0% |
| Current assets | 29/58 | €852,436 | €753,813 | -€98,623 | -11.6% |
| Stocks and contracts in progress | 3 | €518,282 | €523,229 | +€4,946 | +1.0% |
| Stocks | 30/36 | €518,282 | €523,229 | +€4,946 | +1.0% |
| Amounts receivable within one year | 40/41 | €286,462 | €177,820 | -€108,642 | -37.9% |
| Trade receivables | 40 | €278,322 | €167,363 | -€110,959 | -39.9% |
| Other amounts receivable | 41 | €8,140 | €10,456 | +€2,317 | +28.5% |
| Cash at bank and in hand | 54/58 | €37,352 | €49,081 | +€11,729 | +31.4% |
| Deferred charges and accrued income | 490/1 | €10,340 | €3,683 | -€6,657 | -64.4% |
| Total equity and liabilities | 10/49 | €908,870 | €791,517 | -€117,353 | -12.9% |
| Equity | 10/15 | €337,609 | €251,840 | -€85,769 | -25.4% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €175,609 | €175,609 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,200 | €16,200 | = | 0.0% |
| Legal reserve | 130 | €16,200 | €16,200 | = | 0.0% |
| Distributable reserves | 133 | €159,409 | €159,409 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€85,769 | -€85,769 | |
| Amounts payable | 17/49 | €571,261 | €539,677 | -€31,585 | -5.5% |
| Amounts payable after more than one year | 17 | €257,592 | €302,592 | +€45,000 | +17.5% |
| Other amounts payable | 178/9 | €257,592 | €302,592 | +€45,000 | +17.5% |
| Amounts payable within one year | 42/48 | €300,171 | €223,587 | -€76,585 | -25.5% |
| Financial debts | 43 | €7 | - | -€7 | |
| Credit institutions | 430/8 | €7 | - | -€7 | |
| Trade debts | 44 | €150,624 | €114,726 | -€35,899 | -23.8% |
| Suppliers | 440/4 | €150,624 | €114,726 | -€35,899 | -23.8% |
| Taxes, remuneration and social security | 45 | €75,892 | €53,116 | -€22,776 | -30.0% |
| Taxes | 450/3 | €31,857 | €5,399 | -€26,459 | -83.1% |
| Remuneration and social security | 454/9 | €44,034 | €47,717 | +€3,683 | +8.4% |
| Other amounts payable | 47/48 | €73,648 | €55,745 | -€17,903 | -24.3% |
| Accrued charges and deferred income | 492/3 | €13,498 | €13,498 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | €7 | +€6 | +10,783% |
| Remuneration, social security and pensions | 62 | €265,170 | €316,894 | +€51,724 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,792 | €18,730 | +€7,938 | +73.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €126,712 | €208,173 | +€81,461 | +64.3% |
| Other operating charges | 640/8 | €8,356 | €35,555 | +€27,199 | +326% |
| Non-recurring operating charges | 66A | €2,512 | €191 | -€2,321 | -92.4% |
| Gross operating margin | 9900 | €421,574 | €499,162 | +€77,588 | +18.4% |
| Operating profit (loss) | 9901 | €8,032 | -€80,381 | -€88,413 | |
| Financial income | 75/76B | €8,816 | €8,931 | +€115 | +1.3% |
| Recurring financial income | 75 | €8,816 | €8,931 | +€115 | +1.3% |
| Financial charges | 65/66B | €14,984 | €12,882 | -€2,102 | -14.0% |
| Recurring financial charges | 65 | €14,984 | €12,882 | -€2,102 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €1,864 | -€84,333 | -€86,197 | |
| Income taxes | 67/77 | €488 | €1,435 | +€948 | +194% |
| Profit (loss) for the period | 9904 | €1,376 | -€85,769 | -€87,145 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,376 | -€85,769 | -€87,145 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.