SOVALAS: 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.
SOVALAS
Largest movements
- Tangible fixed assets +€28,778
up €28,778 (+34.4%), from €83,598 to €112,375
of which Furniture and vehicles: +€36,248
- Cash +€11,700
up €11,700 (+77.4%), from €15,115 to €26,815
mainly Debts after one year (+€29,562) and Net result for the year (+€16,164)
- Receivables within one year +€6,218
up €6,218 (+1,134%), from €548 to €6,766
of which Trade receivables: +€6,218
- Debts after one year +€29,562
new in 2025: €29,562
- Other debts -€16,992
down €16,992 (-40.0%), from €42,485 to €25,493
- Reserves +€16,164
up €16,164 (+57.1%), from €28,308 to €44,472
of which Distributable reserves: +€16,164
- Tax, wage and social debts +€7,453
up €7,453 (+268%), from €2,786 to €10,239
- Current portion of long-term debt +€7,339
new in 2025: €7,339
- Gross operating margin +€10,867
up €10,867 (+44.6%), from €24,344 to €35,211
- Taxes +€4,700
up €4,700 (+201%), from €2,336 to €7,036
- Depreciation -€2,996
down €2,996 (-22.2%), from €13,501 to €10,506
- Financial income +€2,403
up €2,403 (+667%), from €360 to €2,763
- Financial charges +€527
up €527 (+143%), from €369 to €896
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 | €100,016 | €146,656 | +€46,640 | +46.6% |
| Fixed assets | 21/28 | €83,598 | €112,375 | +€28,778 | +34.4% |
| Tangible fixed assets | 22/27 | €83,598 | €112,375 | +€28,778 | +34.4% |
| Land and buildings | 22 | €82,382 | €75,232 | -€7,151 | -8.7% |
| Plant, machinery and equipment | 23 | €1,215 | €895 | -€320 | -26.3% |
| Furniture and vehicles | 24 | - | €36,248 | +€36,248 | |
| Current assets | 29/58 | €16,418 | €34,280 | +€17,862 | +109% |
| Stocks and contracts in progress | 3 | €755 | €700 | -€55 | -7.3% |
| Stocks | 30/36 | €755 | €700 | -€55 | -7.3% |
| Amounts receivable within one year | 40/41 | €548 | €6,766 | +€6,218 | +1,134% |
| Trade receivables | 40 | €523 | €6,741 | +€6,218 | +1,188% |
| Other amounts receivable | 41 | €25 | €25 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,115 | €26,815 | +€11,700 | +77.4% |
| Total equity and liabilities | 10/49 | €100,016 | €146,656 | +€46,640 | +46.6% |
| Equity | 10/15 | €53,308 | €69,472 | +€16,164 | +30.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Contributions outside capital | 11 | €25,000 | €25,000 | = | 0.0% |
| Other | 1109/19 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €28,308 | €44,472 | +€16,164 | +57.1% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €25,808 | €41,972 | +€16,164 | +62.6% |
| Amounts payable | 17/49 | €46,708 | €77,184 | +€30,477 | +65.2% |
| Amounts payable after more than one year | 17 | - | €29,562 | +€29,562 | |
| Financial debts | 170/4 | - | €29,562 | +€29,562 | |
| Amounts payable within one year | 42/48 | €46,708 | €43,471 | -€3,237 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | - | €7,339 | +€7,339 | |
| Trade debts | 44 | €1,436 | €400 | -€1,036 | -72.2% |
| Suppliers | 440/4 | €1,436 | €400 | -€1,036 | -72.2% |
| Taxes, remuneration and social security | 45 | €2,786 | €10,239 | +€7,453 | +268% |
| Taxes | 450/3 | €2,786 | €10,239 | +€7,453 | +268% |
| Other amounts payable | 47/48 | €42,485 | €25,493 | -€16,992 | -40.0% |
| Accrued charges and deferred income | 492/3 | - | €4,151 | +€4,151 | |
| Remuneration, social security and pensions | 62 | €1,142 | €1,374 | +€233 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,501 | €10,506 | -€2,996 | -22.2% |
| Other operating charges | 640/8 | €1,819 | €1,999 | +€180 | +9.9% |
| Gross operating margin | 9900 | €24,344 | €35,211 | +€10,867 | +44.6% |
| Operating profit (loss) | 9901 | €7,882 | €21,332 | +€13,451 | +171% |
| Financial income | 75/76B | €360 | €2,763 | +€2,403 | +667% |
| Recurring financial income | 75 | €360 | €2,763 | +€2,403 | +667% |
| Financial charges | 65/66B | €369 | €896 | +€527 | +143% |
| Recurring financial charges | 65 | €369 | €896 | +€527 | +143% |
| Profit (loss) for the period before taxes | 9903 | €7,873 | €23,199 | +€15,326 | +195% |
| Income taxes | 67/77 | €2,336 | €7,036 | +€4,700 | +201% |
| Profit (loss) for the period | 9904 | €5,537 | €16,164 | +€10,626 | +192% |
| Profit (loss) for the period to be appropriated | 9905 | €5,537 | €16,164 | +€10,626 | +192% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.