Sovac: 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.
Sovac
Largest movements
- Receivables within one year +€45,000
up €45,000 (+17.5%), from €257,592 to €302,592
- Current investments -€17,277
down €17,277 (-77.5%), from €22,295 to €5,017
- Cash +€8,694
up €8,694 (+356.1%), from €2,442 to €11,136
mainly Net result for the year (+€23,156) and Current investments (+€17,277)
- Reserves +€23,156
up €23,156 (+18.6%), from €124,665 to €147,821
of which Distributable reserves: +€23,156
- Other debts +€15,110
new in 2024: €15,110
- Depreciation +€1,719
new in 2024: €1,719
- Gross operating margin +€1,597
up €1,597 (+4.1%), from €39,316 to €40,913
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.
Cash bridge derived
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 | €334,843 | €369,541 | +€34,698 | +10.4% |
| Fixed assets | 21/28 | €52,515 | €50,797 | -€1,719 | -3.3% |
| Tangible fixed assets | 22/27 | €52,515 | €50,797 | -€1,719 | -3.3% |
| Land and buildings | 22 | €39,846 | €39,846 | = | 0.0% |
| Plant, machinery and equipment | 23 | €12,669 | €10,950 | -€1,719 | -13.6% |
| Current assets | 29/58 | €282,328 | €318,745 | +€36,417 | +12.9% |
| Amounts receivable within one year | 40/41 | €257,592 | €302,592 | +€45,000 | +17.5% |
| Other amounts receivable | 41 | €257,592 | €302,592 | +€45,000 | +17.5% |
| Current investments | 50/53 | €22,295 | €5,017 | -€17,277 | -77.5% |
| Cash at bank and in hand | 54/58 | €2,442 | €11,136 | +€8,694 | +356.1% |
| Total equity and liabilities | 10/49 | €334,843 | €369,541 | +€34,698 | +10.4% |
| Equity | 10/15 | €323,999 | €347,155 | +€23,156 | +7.1% |
| 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 | €124,665 | €147,821 | +€23,156 | +18.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €118,465 | €141,621 | +€23,156 | +19.5% |
| Profit (loss) carried forward | 14 | €137,333 | €137,333 | = | 0.0% |
| Amounts payable | 17/49 | €10,845 | €22,387 | +€11,542 | +106.4% |
| Amounts payable after more than one year | 17 | €3,024 | €3,024 | = | 0.0% |
| Other amounts payable | 178/9 | €3,024 | €3,024 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,341 | €15,883 | +€11,542 | +265.9% |
| Taxes, remuneration and social security | 45 | €4,341 | €773 | -€3,568 | -82.2% |
| Taxes | 450/3 | €4,341 | €773 | -€3,568 | -82.2% |
| Other amounts payable | 47/48 | - | €15,110 | +€15,110 | |
| Accrued charges and deferred income | 492/3 | €3,479 | €3,479 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,719 | +€1,719 | |
| Other operating charges | 640/8 | €4,906 | €5,092 | +€186 | +3.8% |
| Gross operating margin | 9900 | €39,316 | €40,913 | +€1,597 | +4.1% |
| Operating profit (loss) | 9901 | €34,410 | €34,102 | -€308 | -0.9% |
| Financial income | 75/76B | €64 | €106 | +€42 | +64.5% |
| Recurring financial income | 75 | €64 | €106 | +€42 | +64.5% |
| Financial charges | 65/66B | €217 | €251 | +€34 | +15.9% |
| Recurring financial charges | 65 | €217 | €251 | +€34 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €34,258 | €33,957 | -€301 | -0.9% |
| Income taxes | 67/77 | €10,918 | €10,801 | -€117 | -1.1% |
| Profit (loss) for the period | 9904 | €23,340 | €23,156 | -€184 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,340 | €23,156 | -€184 | -0.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.