SOVADMIN: 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.
SOVADMIN
Largest movements
- Cash +€14,517
up €14,517 (+116%), from €12,539 to €27,056
mainly Net result for the year (+€10,178) and Tax, wage and social debts (+€5,033)
- Receivables within one year +€761
up €761 (+16.5%), from €4,614 to €5,375
of which Trade receivables: +€774
- Deferred charges and accrued income +€481
up €481 (+27.6%), from €1,742 to €2,223
- Tangible fixed assets -€358
down €358 (-37.6%), from €953 to €595
- Reserves +€10,178
up €10,178 (+93.9%), from €10,836 to €21,014
- Tax, wage and social debts +€5,033
up €5,033 (+112%), from €4,500 to €9,534
- Gross operating margin +€4,497
up €4,497 (+31.0%), from €14,503 to €19,000
- Taxes +€3,611
up €3,611 (+125%), from €2,877 to €6,488
- Other operating charges +€1,355
up €1,355 (+234%), from €579 to €1,934
- Depreciation +€237
up €237 (+195%), from €121 to €358
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 | €19,848 | €35,249 | +€15,401 | +77.6% |
| Fixed assets | 21/28 | €953 | €595 | -€358 | -37.6% |
| Tangible fixed assets | 22/27 | €953 | €595 | -€358 | -37.6% |
| Furniture and vehicles | 24 | €953 | €595 | -€358 | -37.6% |
| Current assets | 29/58 | €18,895 | €34,654 | +€15,759 | +83.4% |
| Amounts receivable within one year | 40/41 | €4,614 | €5,375 | +€761 | +16.5% |
| Trade receivables | 40 | €4,598 | €5,372 | +€774 | +16.8% |
| Other amounts receivable | 41 | €16 | €3 | -€13 | -82.1% |
| Cash at bank and in hand | 54/58 | €12,539 | €27,056 | +€14,517 | +116% |
| Deferred charges and accrued income | 490/1 | €1,742 | €2,223 | +€481 | +27.6% |
| Total equity and liabilities | 10/49 | €19,848 | €35,249 | +€15,401 | +77.6% |
| Equity | 10/15 | €13,336 | €23,514 | +€10,178 | +76.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €10,836 | €21,014 | +€10,178 | +93.9% |
| Distributable reserves | 133 | €10,836 | €21,014 | +€10,178 | +93.9% |
| Amounts payable | 17/49 | €6,512 | €11,735 | +€5,223 | +80.2% |
| Amounts payable within one year | 42/48 | €6,512 | €11,735 | +€5,223 | +80.2% |
| Trade debts | 44 | €320 | €181 | -€140 | -43.6% |
| Suppliers | 440/4 | €320 | €181 | -€140 | -43.6% |
| Taxes, remuneration and social security | 45 | €4,500 | €9,534 | +€5,033 | +112% |
| Taxes | 450/3 | €4,500 | €9,534 | +€5,033 | +112% |
| Other amounts payable | 47/48 | €1,692 | €2,020 | +€329 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121 | €358 | +€237 | +195% |
| Other operating charges | 640/8 | €579 | €1,934 | +€1,355 | +234% |
| Gross operating margin | 9900 | €14,503 | €19,000 | +€4,497 | +31.0% |
| Operating profit (loss) | 9901 | €13,803 | €16,708 | +€2,905 | +21.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €89 | €42 | -€47 | -52.7% |
| Recurring financial charges | 65 | €89 | €42 | -€47 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €13,714 | €16,666 | +€2,952 | +21.5% |
| Income taxes | 67/77 | €2,877 | €6,488 | +€3,611 | +125% |
| Profit (loss) for the period | 9904 | €10,836 | €10,178 | -€658 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,836 | €10,178 | -€658 | -6.1% |
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 15 October 2026 via checked.be.