SOUVERAIN 24: 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.
SOUVERAIN 24
Largest movements
- Cash +€772,879
up €772,879 (+2,010%), from €38,446 to €811,324
mainly Contributions, distributions and other (+€2.5m) and Depreciation (+€196,139)
- Tangible fixed assets -€179,219
down €179,219 (-3.2%), from €5.7m to €5.5m
of which Land and buildings: -€193,550
- Contributions +€2.5m
up €2.5m (+500%), from €500,000 to €3.0m
- Other debts -€1.0m
down €1.0m (-100%), from €1.0m to €0
- Debts after one year -€435,107
down €435,107 (-9.8%), from €4.5m to €4.0m
- Profit (loss) carried forward -€293,086
down €293,086 (-40.3%), from -€727,256 to -€1.0m
- Trade debts -€119,509
down €119,509 (-67.6%), from €176,668 to €57,159
- Gross operating margin +€247,786
up €247,786 (+204%), from €121,421 to €369,207
- Write-downs +€30,000
up €30,000, from -€30,000 to €0
- Other operating charges +€16,790
up €16,790 (+4.8%), from €351,398 to €368,188
- Financial income -€8,215
down €8,215 (-25.5%), from €32,250 to €24,035
of which Financial income: -€32,250
- Financial charges +€8,077
up €8,077 (+7.1%), from €113,924 to €122,001
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 | €5,921,655 | €6,550,957 | +€629,302 | +10.6% |
| Fixed assets | 21/28 | €5,686,805 | €5,507,587 | -€179,219 | -3.2% |
| Tangible fixed assets | 22/27 | €5,686,805 | €5,507,587 | -€179,219 | -3.2% |
| Land and buildings | 22 | €5,686,805 | €5,493,255 | -€193,550 | -3.4% |
| Plant, machinery and equipment | 23 | - | €14,332 | +€14,332 | |
| Current assets | 29/58 | €234,850 | €1,043,371 | +€808,521 | +344% |
| Amounts receivable within one year | 40/41 | €195,182 | €230,792 | +€35,610 | +18.2% |
| Trade receivables | 40 | €125,182 | €160,792 | +€35,610 | +28.4% |
| Other amounts receivable | 41 | €70,000 | €70,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,446 | €811,324 | +€772,879 | +2,010% |
| Deferred charges and accrued income | 490/1 | €1,223 | €1,255 | +€32 | +2.7% |
| Total equity and liabilities | 10/49 | €5,921,655 | €6,550,957 | +€629,302 | +10.6% |
| Equity | 10/15 | -€227,256 | €1,979,657 | +€2.2m | |
| Contributions | 10/11 | €500,000 | €3,000,000 | +€2.5m | +500% |
| Profit (loss) carried forward | 14 | -€727,256 | -€1,020,343 | -€293,086 | -40.3% |
| Amounts payable | 17/49 | €6,148,912 | €4,571,300 | -€1.6m | -25.7% |
| Amounts payable after more than one year | 17 | €4,454,724 | €4,019,616 | -€435,107 | -9.8% |
| Financial debts | 170/4 | €4,454,724 | €4,019,616 | -€435,107 | -9.8% |
| Amounts payable within one year | 42/48 | €1,653,971 | €492,266 | -€1.2m | -70.2% |
| Current portion of amounts payable after more than one year | 42 | €428,544 | €435,107 | +€6,563 | +1.5% |
| Trade debts | 44 | €176,668 | €57,159 | -€119,509 | -67.6% |
| Suppliers | 440/4 | €176,668 | €57,159 | -€119,509 | -67.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,048,758 | €0 | -€1.0m | -100% |
| Accrued charges and deferred income | 492/3 | €40,217 | €59,417 | +€19,200 | +47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189,666 | €196,139 | +€6,474 | +3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€30,000 | €0 | +€30,000 | |
| Other operating charges | 640/8 | €351,398 | €368,188 | +€16,790 | +4.8% |
| Gross operating margin | 9900 | €121,421 | €369,207 | +€247,786 | +204% |
| Operating profit (loss) | 9901 | -€389,643 | -€195,120 | +€194,522 | +49.9% |
| Financial income | 75/76B | €32,250 | €24,035 | -€8,215 | -25.5% |
| Recurring financial income | 75 | €32,250 | €0 | -€32,250 | -100.0% |
| Non-recurring financial income | 76B | €32,250 | €24,035 | -€8,215 | -25.5% |
| Financial charges | 65/66B | €113,924 | €122,001 | +€8,077 | +7.1% |
| Recurring financial charges | 65 | €113,924 | €122,001 | +€8,077 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | -€471,317 | -€293,086 | +€178,231 | +37.8% |
| Profit (loss) for the period | 9904 | -€471,317 | -€293,086 | +€178,231 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€471,317 | -€293,086 | +€178,231 | +37.8% |
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 24 October 2026 via checked.be.