SOV BEL CONSTRUCT: 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.
SOV BEL CONSTRUCT
Largest movements
- Tangible fixed assets -€180,344
down €180,344 (-57.1%), from €315,597 to €135,254
of which Land and buildings: -€209,663
- Deferred charges and accrued income +€21,576
up €21,576 (+51.5%), from €41,924 to €63,500
- Cash -€7,506
down €7,506 (-50.8%), from €14,789 to €7,283
mainly Debts after one year (-€182,396) and Trade debts (-€38,181)
- Debts after one year -€182,396
down €182,396 (-84.4%), from €216,096 to €33,700
- Profit (loss) carried forward +€39,796
up €39,796 (+31.2%), from €127,719 to €167,515
- Trade debts -€38,181
down €38,181 (-24.0%), from €159,287 to €121,106
of which Bills of exchange payable: -€34,963
- Current portion of long-term debt +€6,272
up €6,272 (+75.4%), from €8,314 to €14,587
- Turnover -€206,421
down €206,421 (-32.6%), from €633,477 to €427,056
- Purchases and services -€143,123
down €143,123 (-25.3%), from €565,933 to €422,810
- Financial income +€60,337
new in 2024: €60,337
of which Financial income: +€60,337
- Gross operating margin -€24,519
down €24,519 (-36.3%), from €67,544 to €43,025
- Financial charges +€7,492
up €7,492 (+79.2%), from €9,456 to €16,948
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €531,206 | €362,368 | -€168,838 | -31.8% |
| Fixed assets | 21/28 | €315,687 | €135,344 | -€180,344 | -57.1% |
| Tangible fixed assets | 22/27 | €315,597 | €135,254 | -€180,344 | -57.1% |
| Land and buildings | 22 | €209,663 | - | -€209,663 | |
| Plant, machinery and equipment | 23 | €716 | €74 | -€642 | -89.7% |
| Furniture and vehicles | 24 | €11,292 | €135,180 | +€123,888 | +1,097% |
| Assets under construction and advance payments | 27 | €93,926 | - | -€93,926 | |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €215,519 | €227,024 | +€11,506 | +5.3% |
| Amounts receivable within one year | 40/41 | €158,806 | €156,241 | -€2,565 | -1.6% |
| Trade receivables | 40 | €139,806 | €135,686 | -€4,120 | -2.9% |
| Other amounts receivable | 41 | €19,000 | €20,555 | +€1,555 | +8.2% |
| Cash at bank and in hand | 54/58 | €14,789 | €7,283 | -€7,506 | -50.8% |
| Deferred charges and accrued income | 490/1 | €41,924 | €63,500 | +€21,576 | +51.5% |
| Total equity and liabilities | 10/49 | €531,206 | €362,368 | -€168,838 | -31.8% |
| Equity | 10/15 | €140,279 | €180,075 | +€39,796 | +28.4% |
| Contributions | 10/11 | €10,700 | €10,700 | = | 0.0% |
| Capital | 10 | €10,700 | €10,700 | = | 0.0% |
| Issued capital | 100 | €10,700 | €10,700 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,719 | €167,515 | +€39,796 | +31.2% |
| Amounts payable | 17/49 | €390,927 | €182,293 | -€208,634 | -53.4% |
| Amounts payable after more than one year | 17 | €216,096 | €33,700 | -€182,396 | -84.4% |
| Financial debts | 170/4 | €216,096 | €33,700 | -€182,396 | -84.4% |
| Amounts payable within one year | 42/48 | €174,831 | €148,593 | -€26,238 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €8,314 | €14,587 | +€6,272 | +75.4% |
| Trade debts | 44 | €159,287 | €121,106 | -€38,181 | -24.0% |
| Suppliers | 440/4 | €6,185 | €2,968 | -€3,218 | -52.0% |
| Bills of exchange payable | 441 | €153,102 | €118,139 | -€34,963 | -22.8% |
| Taxes, remuneration and social security | 45 | €7,230 | €10,500 | +€3,270 | +45.2% |
| Taxes | 450/3 | €7,230 | €10,500 | +€3,270 | +45.2% |
| Other amounts payable | 47/48 | - | €2,400 | +€2,400 | |
| Turnover | 70 | €633,477 | €427,056 | -€206,421 | -32.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €565,933 | €422,810 | -€143,123 | -25.3% |
| Remuneration, social security and pensions | 62 | €1,135 | €2,447 | +€1,312 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,580 | €26,795 | +€5,215 | +24.2% |
| Other operating charges | 640/8 | €2,180 | €6,868 | +€4,689 | +215% |
| Gross operating margin | 9900 | €67,544 | €43,025 | -€24,519 | -36.3% |
| Operating profit (loss) | 9901 | €42,649 | €6,915 | -€35,734 | -83.8% |
| Financial income | 75/76B | - | €60,337 | +€60,337 | |
| Recurring financial income | 75 | - | €60,337 | +€60,337 | |
| Non-recurring financial income | 76B | - | €60,337 | +€60,337 | |
| Financial charges | 65/66B | €9,456 | €16,948 | +€7,492 | +79.2% |
| Recurring financial charges | 65 | €9,456 | €16,948 | +€7,492 | +79.2% |
| Profit (loss) for the period before taxes | 9903 | €33,193 | €50,304 | +€17,111 | +51.5% |
| Income taxes | 67/77 | €7,233 | €10,508 | +€3,274 | +45.3% |
| Profit (loss) for the period | 9904 | €25,959 | €39,796 | +€13,837 | +53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,959 | €39,796 | +€13,837 | +53.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.