SOUVERAIN 100: what changed
What changed
SOUVERAIN 100
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
-€1.7m
2024 · -€1.2m-€560,697
Equity
€22.6m
2024 · €1.1m+€21.6m
Cash
€217,481
2024 · €139,527+€77,954
Balance sheet total
€50.3m
2024 · €42.1m+€8.1m
Largest movements
Assets
- Tangible fixed assets +€7.6m
up €7.6m (+18.8%), from €40.6m to €48.3m
Equity and liabilities
- Contributions +€23.3m
up €23.3m (+932%), from €2.5m to €25.8m
- Debts after one year -€14.7m
down €14.7m (-37.3%), from €39.4m to €24.7m
- Profit (loss) carried forward -€1.7m
down €1.7m (-124%), from -€1.4m to -€3.2m
- Trade debts +€1.5m
up €1.5m (+140%), from €1.0m to €2.5m
Income statement
- Other operating charges +€949,339
up €949,339 (+84.6%), from €1.1m to €2.1m
- Gross operating margin +€319,600
up €319,600 (+13.7%), from €2.3m to €2.7m
- Financial charges -€200,798
down €200,798 (-16.8%), from €1.2m to €995,902
- Depreciation +€130,827
up €130,827 (+10.9%), from €1.2m to €1.3m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1.2m
Gross operating margin
+€319,600
Depreciation
-€130,827
Other operating charges
-€949,339
Financial income
-€928
Financial charges
+€200,798
Result 2025
-€1.7m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€443,001
Investment
-€9.0m
Financing
+€8.6m
Cash 2024
€139,527
From operations (derived)
+€443,001
Net result for the year
-€1.7m
Depreciation
+€1.3m
Receivables within one year
-€376,123
Smaller working-capital items
-€13,892
Trade debts
+€1.5m
Accrued charges and deferred income
-€217,107
Investment (derived)
-€9.0m
Investment in fixed assets (net)
-€9.0m
Financing
+€8.6m
Debts after one year
-€14.7m
Contributions, distributions and other
+€23.3m
Cash 2025
€217,481
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,147,522 | €50,291,397 | +€8.1m | +19.3% |
| Fixed assets | 21/28 | €40,605,592 | €48,254,323 | +€7.6m | +18.8% |
| Tangible fixed assets | 22/27 | €40,605,592 | €48,254,323 | +€7.6m | +18.8% |
| Land and buildings | 22 | €40,605,592 | €48,254,323 | +€7.6m | +18.8% |
| Current assets | 29/58 | €1,541,930 | €2,037,074 | +€495,144 | +32.1% |
| Amounts receivable within one year | 40/41 | €1,061,137 | €1,437,260 | +€376,123 | +35.4% |
| Trade receivables | 40 | €175,864 | €1,437,260 | +€1.3m | +717% |
| Other amounts receivable | 41 | €885,273 | - | -€885,273 | |
| Cash at bank and in hand | 54/58 | €139,527 | €217,481 | +€77,954 | +55.9% |
| Deferred charges and accrued income | 490/1 | €341,266 | €382,333 | +€41,067 | +12.0% |
| Total equity and liabilities | 10/49 | €42,147,522 | €50,291,397 | +€8.1m | +19.3% |
| Equity | 10/15 | €1,083,554 | €22,637,020 | +€21.6m | +1,989% |
| Contributions | 10/11 | €2,500,000 | €25,802,880 | +€23.3m | +932% |
| Profit (loss) carried forward | 14 | -€1,416,446 | -€3,165,860 | -€1.7m | -124% |
| Amounts payable | 17/49 | €41,063,969 | €27,654,376 | -€13.4m | -32.7% |
| Amounts payable after more than one year | 17 | €39,350,000 | €24,664,975 | -€14.7m | -37.3% |
| Financial debts | 170/4 | €39,350,000 | €24,664,975 | -€14.7m | -37.3% |
| Amounts payable within one year | 42/48 | €1,043,346 | €2,535,886 | +€1.5m | +143% |
| Trade debts | 44 | €1,043,346 | €2,508,712 | +€1.5m | +140% |
| Suppliers | 440/4 | €1,043,346 | €2,508,712 | +€1.5m | +140% |
| Taxes, remuneration and social security | 45 | - | €27,174 | +€27,174 | |
| Taxes | 450/3 | - | €27,174 | +€27,174 | |
| Accrued charges and deferred income | 492/3 | €670,622 | €453,515 | -€217,107 | -32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,203,345 | €1,334,172 | +€130,827 | +10.9% |
| Other operating charges | 640/8 | €1,122,554 | €2,071,894 | +€949,339 | +84.6% |
| Gross operating margin | 9900 | €2,332,954 | €2,652,554 | +€319,600 | +13.7% |
| Operating profit (loss) | 9901 | €7,055 | -€753,511 | -€760,566 | |
| Financial income | 75/76B | €928 | €0 | -€928 | -100.0% |
| Recurring financial income | 75 | €928 | €0 | -€928 | -100.0% |
| Financial charges | 65/66B | €1,196,699 | €995,902 | -€200,798 | -16.8% |
| Recurring financial charges | 65 | €1,196,699 | €995,902 | -€200,798 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,188,716 | -€1,749,413 | -€560,697 | -47.2% |
| Profit (loss) for the period | 9904 | -€1,188,716 | -€1,749,413 | -€560,697 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,188,716 | -€1,749,413 | -€560,697 | -47.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.