SOVALBAT: 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.
SOVALBAT
Largest movements
- Tangible fixed assets +€119,952
up €119,952 (+32.6%), from €368,207 to €488,159
of which Furniture and vehicles: +€62,455
- Cash -€67,789
down €67,789 (-73.3%), from €92,502 to €24,713
mainly Investment in fixed assets (net) (-€150,310) and Deferred charges and accrued income (-€248)
- Debts after one year +€32,016
new in 2024: €32,016
- Gross operating margin +€15,642
up €15,642 (+35.6%), from €43,963 to €59,605
- Depreciation +€11,300
up €11,300 (+59.3%), from €19,058 to €30,358
- Financial income -€2,705
down €2,705 (-100.0%), from €2,706 to €1
- Financial charges +€1,758
up €1,758 (+568.9%), from €309 to €2,067
- Other operating charges +€1,481
up €1,481 (+7.7%), from €19,265 to €20,746
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 | €1,010,218 | €1,061,303 | +€51,085 | +5.1% |
| Fixed assets | 21/28 | €500,433 | €620,385 | +€119,952 | +24.0% |
| Tangible fixed assets | 22/27 | €368,207 | €488,159 | +€119,952 | +32.6% |
| Land and buildings | 22 | €353,730 | €411,992 | +€58,262 | +16.5% |
| Plant, machinery and equipment | 23 | €1,403 | €638 | -€765 | -54.5% |
| Furniture and vehicles | 24 | €13,074 | €75,529 | +€62,455 | +477.7% |
| Financial fixed assets | 28 | €132,226 | €132,226 | = | 0.0% |
| Current assets | 29/58 | €509,785 | €440,918 | -€68,867 | -13.5% |
| Amounts receivable within one year | 40/41 | €9,039 | €7,713 | -€1,326 | -14.7% |
| Other amounts receivable | 41 | €9,039 | €7,713 | -€1,326 | -14.7% |
| Current investments | 50/53 | €400,000 | €400,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €92,502 | €24,713 | -€67,789 | -73.3% |
| Deferred charges and accrued income | 490/1 | €8,244 | €8,492 | +€248 | +3.0% |
| Total equity and liabilities | 10/49 | €1,010,218 | €1,061,303 | +€51,085 | +5.1% |
| Equity | 10/15 | €1,008,897 | €1,012,486 | +€3,589 | +0.4% |
| Contributions | 10/11 | €275,000 | €275,000 | = | 0.0% |
| Capital | 10 | - | €275,000 | +€275,000 | |
| Issued capital | 100 | - | €275,000 | +€275,000 | |
| Reserves | 13 | €449,991 | €449,991 | = | 0.0% |
| Non-distributable reserves | 130/1 | €419,991 | €419,991 | = | 0.0% |
| Legal reserve | 130 | - | €19,991 | +€19,991 | |
| Reserves not available under the articles | 1311 | €19,991 | - | -€19,991 | |
| Own shares acquired | 1312 | €400,000 | €400,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €283,906 | €287,495 | +€3,589 | +1.3% |
| Amounts payable | 17/49 | €1,321 | €48,817 | +€47,496 | +3595.5% |
| Amounts payable after more than one year | 17 | - | €32,016 | +€32,016 | |
| Financial debts | 170/4 | - | €32,016 | +€32,016 | |
| Amounts payable within one year | 42/48 | €1,321 | €16,801 | +€15,480 | +1171.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,556 | +€9,556 | |
| Trade debts | 44 | €1,321 | €4,399 | +€3,078 | +233.0% |
| Suppliers | 440/4 | €1,321 | €4,399 | +€3,078 | +233.0% |
| Taxes, remuneration and social security | 45 | - | €2,846 | +€2,846 | |
| Taxes | 450/3 | - | €2,846 | +€2,846 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,058 | €30,358 | +€11,300 | +59.3% |
| Other operating charges | 640/8 | €19,265 | €20,746 | +€1,481 | +7.7% |
| Gross operating margin | 9900 | €43,963 | €59,605 | +€15,642 | +35.6% |
| Operating profit (loss) | 9901 | €5,640 | €8,501 | +€2,861 | +50.7% |
| Financial income | 75/76B | €2,706 | €1 | -€2,705 | -100.0% |
| Recurring financial income | 75 | €2,706 | €1 | -€2,705 | -100.0% |
| Financial charges | 65/66B | €309 | €2,067 | +€1,758 | +568.9% |
| Recurring financial charges | 65 | €309 | €2,067 | +€1,758 | +568.9% |
| Profit (loss) for the period before taxes | 9903 | €8,037 | €6,435 | -€1,602 | -19.9% |
| Income taxes | 67/77 | €2,075 | €2,846 | +€771 | +37.2% |
| Profit (loss) for the period | 9904 | €5,962 | €3,589 | -€2,373 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,962 | €3,589 | -€2,373 | -39.8% |
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 30 September 2026 via checked.be.