SOVA ENGINEERING: what changed
Two fiscal 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.
SOVA ENGINEERING
Largest movements
- Receivables within one year -€480,134
down €480,134 (-52.1%), from €921,449 to €441,315
of which Trade receivables: -€536,889
- Receivables after one year +€312,727
new in 2025: €312,727
- Tangible fixed assets -€205,307
down €205,307 (-37.8%), from €543,260 to €337,953
of which Plant, machinery and equipment: -€193,377
- Stocks and contracts +€95,107
up €95,107 (+96.7%), from €98,400 to €193,507
- Trade debts -€290,230
down €290,230 (-92.7%), from €312,971 to €22,741
- Debts after one year +€203,740
up €203,740 (+114.2%), from €178,332 to €382,072
- Profit (loss) carried forward -€136,711
down €136,711 (-20.0%), from €683,391 to €546,680
- Current portion of long-term debt -€81,668
down €81,668 (-31.4%), from €260,000 to €178,332
- Other debts +€49,031
up €49,031 (+92.0%), from €53,266 to €102,297
- Turnover -€503,664
down €503,664 (-29.0%), from €1.7m to €1.2m
- Goods and materials -€237,422
down €237,422 (-46.7%), from €508,476 to €271,055
- Staff costs -€161,061
down €161,061 (-28.6%), from €563,006 to €401,945
- Financial charges +€153,524
up €153,524 (+2905.6%), from €5,284 to €158,808
of which Non-recurring financial charges: +€127,022
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.
Cash bridge derived
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 | €1,609,675 | €1,339,909 | -€269,766 | -16.8% |
| Fixed assets | 21/28 | €543,260 | €337,953 | -€205,307 | -37.8% |
| Tangible fixed assets | 22/27 | €543,260 | €337,953 | -€205,307 | -37.8% |
| Plant, machinery and equipment | 23 | €521,742 | €328,365 | -€193,377 | -37.1% |
| Furniture and vehicles | 24 | €21,518 | €9,588 | -€11,930 | -55.4% |
| Current assets | 29/58 | €1,066,415 | €1,001,956 | -€64,459 | -6.0% |
| Amounts receivable after more than one year | 29 | - | €312,727 | +€312,727 | |
| Other amounts receivable | 291 | - | €312,727 | +€312,727 | |
| Stocks and contracts in progress | 3 | €98,400 | €193,507 | +€95,107 | +96.7% |
| Contracts in progress | 37 | €98,400 | €193,507 | +€95,107 | +96.7% |
| Amounts receivable within one year | 40/41 | €921,449 | €441,315 | -€480,134 | -52.1% |
| Trade receivables | 40 | €710,080 | €173,191 | -€536,889 | -75.6% |
| Other amounts receivable | 41 | €211,369 | €268,124 | +€56,755 | +26.9% |
| Cash at bank and in hand | 54/58 | €45,208 | €45,721 | +€513 | +1.1% |
| Deferred charges and accrued income | 490/1 | €1,358 | €8,686 | +€7,329 | +539.7% |
| Total equity and liabilities | 10/49 | €1,609,675 | €1,339,909 | -€269,766 | -16.8% |
| Equity | 10/15 | €751,613 | €614,902 | -€136,711 | -18.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,222 | €6,222 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,222 | €6,222 | = | 0.0% |
| Legal reserve | 130 | €6,222 | €6,222 | = | 0.0% |
| Profit (loss) carried forward | 14 | €683,391 | €546,680 | -€136,711 | -20.0% |
| Amounts payable | 17/49 | €858,062 | €725,007 | -€133,055 | -15.5% |
| Amounts payable after more than one year | 17 | €178,332 | €382,072 | +€203,740 | +114.2% |
| Financial debts | 170/4 | €178,332 | €382,072 | +€203,740 | +114.2% |
| Credit institutions | 173 | €178,332 | - | -€178,332 | |
| Other loans | 174 | - | €382,072 | +€382,072 | |
| Amounts payable within one year | 42/48 | €679,730 | €342,935 | -€336,795 | -49.5% |
| Current portion of amounts payable after more than one year | 42 | €260,000 | €178,332 | -€81,668 | -31.4% |
| Trade debts | 44 | €312,971 | €22,741 | -€290,230 | -92.7% |
| Suppliers | 440/4 | €312,971 | €22,741 | -€290,230 | -92.7% |
| Taxes, remuneration and social security | 45 | €53,492 | €39,564 | -€13,928 | -26.0% |
| Taxes | 450/3 | €345 | €128 | -€217 | -62.8% |
| Remuneration and social security | 454/9 | €53,147 | €39,436 | -€13,711 | -25.8% |
| Other amounts payable | 47/48 | €53,266 | €102,297 | +€49,031 | +92.0% |
| Operating income | 70/76A | €1,746,805 | €1,365,166 | -€381,639 | -21.8% |
| Turnover | 70 | €1,735,574 | €1,231,911 | -€503,664 | -29.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€17,250 | €95,107 | +€112,357 | |
| Other operating income | 74 | €28,480 | €37,564 | +€9,084 | +31.9% |
| Non-recurring operating income | 76A | - | €585 | +€585 | |
| Operating charges | 60/66A | €1,715,335 | €1,342,819 | -€372,516 | -21.7% |
| Goods for resale, raw materials and consumables | 60 | €508,476 | €271,055 | -€237,422 | -46.7% |
| Purchases | 600/8 | €508,476 | €271,055 | -€237,422 | -46.7% |
| Services and other goods | 61 | €313,399 | €330,299 | +€16,900 | +5.4% |
| Remuneration, social security and pensions | 62 | €563,006 | €401,945 | -€161,061 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €328,256 | €337,819 | +€9,563 | +2.9% |
| Other operating charges | 640/8 | €2,198 | €1,702 | -€497 | -22.6% |
| Operating profit (loss) | 9901 | €31,470 | €22,347 | -€9,123 | -29.0% |
| Financial charges | 65/66B | €5,284 | €158,808 | +€153,524 | +2905.6% |
| Recurring financial charges | 65 | €5,284 | €31,786 | +€26,502 | +501.6% |
| Debt charges | 650 | €5,284 | €29,958 | +€24,674 | +467.0% |
| Other financial charges | 652/9 | - | €1,828 | +€1,828 | |
| Non-recurring financial charges | 66B | - | €127,022 | +€127,022 | |
| Profit (loss) for the period before taxes | 9903 | €26,186 | -€136,461 | -€162,647 | |
| Income taxes | 67/77 | €10,345 | €250 | -€10,095 | -97.6% |
| Taxes | 670/3 | €10,345 | €250 | -€10,095 | -97.6% |
| Profit (loss) for the period | 9904 | €15,841 | -€136,711 | -€152,552 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,841 | -€136,711 | -€152,552 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.