SOEVEREIN: 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.
SOEVEREIN
Largest movements
- Cash +€29,120
up €29,120 (+140%), from €20,810 to €49,930
mainly Net result for the year (+€28,782) and Trade debts (+€12,069)
- Receivables within one year +€18,583
up €18,583 (+42.6%), from €43,635 to €62,218
of which Trade receivables: +€18,598
- Tangible fixed assets -€2,467
down €2,467 (-22.1%), from €11,160 to €8,693
of which Furniture and vehicles: -€1,306
- Deferred charges and accrued income -€1,879
down €1,879 (-25.5%), from €7,376 to €5,497
- Reserves +€28,782
up €28,782 (+105%), from €27,525 to €56,307
- Trade debts +€12,069
up €12,069 (+844%), from €1,430 to €13,499
- Tax, wage and social debts +€6,817
up €6,817 (+24.9%), from €27,373 to €34,190
- Other debts -€5,918
down €5,918 (-23.1%), from €25,654 to €19,735
- Accrued charges and deferred income +€1,607
new in 2025: €1,607
- Gross operating margin -€12,571
down €12,571 (-20.0%), from €62,871 to €50,300
- Financial charges +€1,577
up €1,577 (+730%), from €216 to €1,793
- Taxes -€1,278
down €1,278 (-7.8%), from €16,486 to €15,208
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 | €82,981 | €126,338 | +€43,357 | +52.2% |
| Fixed assets | 21/28 | €11,160 | €8,693 | -€2,467 | -22.1% |
| Tangible fixed assets | 22/27 | €11,160 | €8,693 | -€2,467 | -22.1% |
| Furniture and vehicles | 24 | €2,980 | €1,674 | -€1,306 | -43.8% |
| Other tangible fixed assets | 26 | €8,180 | €7,019 | -€1,161 | -14.2% |
| Current assets | 29/58 | €71,821 | €117,645 | +€45,824 | +63.8% |
| Amounts receivable within one year | 40/41 | €43,635 | €62,218 | +€18,583 | +42.6% |
| Trade receivables | 40 | €43,560 | €62,158 | +€18,598 | +42.7% |
| Other amounts receivable | 41 | €75 | €61 | -€14 | -18.9% |
| Cash at bank and in hand | 54/58 | €20,810 | €49,930 | +€29,120 | +140% |
| Deferred charges and accrued income | 490/1 | €7,376 | €5,497 | -€1,879 | -25.5% |
| Total equity and liabilities | 10/49 | €82,981 | €126,338 | +€43,357 | +52.2% |
| Equity | 10/15 | €28,525 | €57,307 | +€28,782 | +101% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €27,525 | €56,307 | +€28,782 | +105% |
| Distributable reserves | 133 | €27,525 | €56,307 | +€28,782 | +105% |
| Amounts payable | 17/49 | €54,457 | €69,031 | +€14,575 | +26.8% |
| Amounts payable within one year | 42/48 | €54,457 | €67,424 | +€12,968 | +23.8% |
| Trade debts | 44 | €1,430 | €13,499 | +€12,069 | +844% |
| Suppliers | 440/4 | €1,430 | €13,499 | +€12,069 | +844% |
| Taxes, remuneration and social security | 45 | €27,373 | €34,190 | +€6,817 | +24.9% |
| Taxes | 450/3 | €27,373 | €34,190 | +€6,817 | +24.9% |
| Other amounts payable | 47/48 | €25,654 | €19,735 | -€5,918 | -23.1% |
| Accrued charges and deferred income | 492/3 | - | €1,607 | +€1,607 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,626 | €2,467 | -€159 | -6.0% |
| Other operating charges | 640/8 | €926 | €949 | +€24 | +2.6% |
| Non-recurring operating charges | 66A | €464 | €1,204 | +€740 | +160% |
| Gross operating margin | 9900 | €62,871 | €50,300 | -€12,571 | -20.0% |
| Operating profit (loss) | 9901 | €58,856 | €45,680 | -€13,176 | -22.4% |
| Financial income | 75/76B | €4 | €104 | +€100 | +2,834% |
| Recurring financial income | 75 | €4 | €104 | +€100 | +2,834% |
| Financial charges | 65/66B | €216 | €1,793 | +€1,577 | +730% |
| Recurring financial charges | 65 | €216 | €1,793 | +€1,577 | +730% |
| Profit (loss) for the period before taxes | 9903 | €58,643 | €43,990 | -€14,653 | -25.0% |
| Income taxes | 67/77 | €16,486 | €15,208 | -€1,278 | -7.8% |
| Profit (loss) for the period | 9904 | €42,157 | €28,782 | -€13,375 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,157 | €28,782 | -€13,375 | -31.7% |
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 19 October 2026 via checked.be.