Sovaco Consulting: 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.
Sovaco Consulting
Largest movements
- Tangible fixed assets -€273,365
down €273,365 (-86.5%), from €315,923 to €42,558
of which Other tangible fixed assets: -€272,987
- Current investments +€185,842
up €185,842 (+78.5%), from €236,840 to €422,682
- Cash +€136,235
up €136,235 (+277%), from €49,164 to €185,399
mainly Net result for the year (+€400,662) and Investment in fixed assets (net) (+€272,987)
- Receivables after one year +€30,000
new in 2025: €30,000
- Receivables within one year +€16,540
up €16,540 (+26.3%), from €62,936 to €79,476
of which Other amounts receivable: +€17,101
- Reserves +€400,662
up €400,662 (+54.6%), from €733,336 to €1.1m
of which Distributable reserves: +€274,362
- Debts after one year -€327,612
down €327,612 (-76.6%), from €427,612 to €100,000
- Other debts +€38,730
up €38,730 (+27.5%), from €140,870 to €179,600
- Current portion of long-term debt -€31,871
down €31,871 (-25.6%), from €124,683 to €92,812
- Gross operating margin +€49,984
up €49,984 (+10.0%), from €501,141 to €551,125
- Taxes +€14,019
up €14,019 (+11.6%), from €120,407 to €134,426
- Depreciation -€7,524
down €7,524 (-95.2%), from €7,901 to €377
- Financial income +€6,757
up €6,757 (+69.7%), from €9,699 to €16,456
- Financial charges +€6,033
up €6,033 (+25.5%), from €23,668 to €29,700
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 | €1,454,043 | €1,548,276 | +€94,233 | +6.5% |
| Fixed assets | 21/28 | €1,100,971 | €827,606 | -€273,365 | -24.8% |
| Tangible fixed assets | 22/27 | €315,923 | €42,558 | -€273,365 | -86.5% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €377 | - | -€377 | |
| Other tangible fixed assets | 26 | €315,545 | €42,558 | -€272,987 | -86.5% |
| Financial fixed assets | 28 | €785,048 | €785,048 | = | 0.0% |
| Current assets | 29/58 | €353,071 | €720,670 | +€367,598 | +104% |
| Amounts receivable after more than one year | 29 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 291 | - | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €62,936 | €79,476 | +€16,540 | +26.3% |
| Trade receivables | 40 | €44,198 | €43,636 | -€562 | -1.3% |
| Other amounts receivable | 41 | €18,739 | €35,840 | +€17,101 | +91.3% |
| Current investments | 50/53 | €236,840 | €422,682 | +€185,842 | +78.5% |
| Cash at bank and in hand | 54/58 | €49,164 | €185,399 | +€136,235 | +277% |
| Deferred charges and accrued income | 490/1 | €4,131 | €3,113 | -€1,018 | -24.6% |
| Total equity and liabilities | 10/49 | €1,454,043 | €1,548,276 | +€94,233 | +6.5% |
| Equity | 10/15 | €751,936 | €1,152,598 | +€400,662 | +53.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €733,336 | €1,133,998 | +€400,662 | +54.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €115,775 | €242,075 | +€126,300 | +109% |
| Distributable reserves | 133 | €615,701 | €890,063 | +€274,362 | +44.6% |
| Amounts payable | 17/49 | €702,107 | €395,678 | -€306,429 | -43.6% |
| Amounts payable after more than one year | 17 | €427,612 | €100,000 | -€327,612 | -76.6% |
| Financial debts | 170/4 | €427,612 | €100,000 | -€327,612 | -76.6% |
| Amounts payable within one year | 42/48 | €274,495 | €295,678 | +€21,183 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €124,683 | €92,812 | -€31,871 | -25.6% |
| Trade debts | 44 | €2,724 | €4,601 | +€1,877 | +68.9% |
| Suppliers | 440/4 | €2,724 | €4,601 | +€1,877 | +68.9% |
| Taxes, remuneration and social security | 45 | €6,217 | €18,665 | +€12,447 | +200% |
| Taxes | 450/3 | €6,217 | €18,665 | +€12,447 | +200% |
| Other amounts payable | 47/48 | €140,870 | €179,600 | +€38,730 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,901 | €377 | -€7,524 | -95.2% |
| Other operating charges | 640/8 | €2,489 | €2,414 | -€74 | -3.0% |
| Gross operating margin | 9900 | €501,141 | €551,125 | +€49,984 | +10.0% |
| Operating profit (loss) | 9901 | €490,751 | €548,333 | +€57,582 | +11.7% |
| Financial income | 75/76B | €9,699 | €16,456 | +€6,757 | +69.7% |
| Recurring financial income | 75 | €9,699 | €16,456 | +€6,757 | +69.7% |
| Financial charges | 65/66B | €23,668 | €29,700 | +€6,033 | +25.5% |
| Recurring financial charges | 65 | €23,668 | €29,700 | +€6,033 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | €476,782 | €535,089 | +€58,306 | +12.2% |
| Income taxes | 67/77 | €120,407 | €134,426 | +€14,019 | +11.6% |
| Profit (loss) for the period | 9904 | €356,375 | €400,662 | +€44,287 | +12.4% |
| Transfer from tax-exempt reserves | 789 | €94,725 | - | -€94,725 | |
| Transfer to tax-exempt reserves | 689 | €31,575 | €126,300 | +€94,725 | +300% |
| Profit (loss) for the period to be appropriated | 9905 | €419,525 | €274,362 | -€145,163 | -34.6% |
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 26 October 2026 via checked.be.