SOVAMIR: 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.
SOVAMIR
Largest movements
- Deferred charges and accrued income -€312,489
down €312,489 (-89.1%), from €350,589 to €38,100
- Receivables within one year -€294,867
down €294,867 (-29.9%), from €987,805 to €692,939
of which Other amounts receivable: -€156,335
- Financial fixed assets -€200,000
down €200,000 (-100.0%), from €200,002 to €2
- Tangible fixed assets +€121,207
up €121,207 (+1613.6%), from €7,511 to €128,719
of which Furniture and vehicles: +€120,104
- Cash +€26,534
up €26,534 (+32.9%), from €80,711 to €107,245
mainly Other debts (+€339,460) and Deferred charges and accrued income (+€312,489)
- Profit (loss) carried forward -€669,048
down €669,048 (-98.3%), from €680,361 to €11,313
- Other debts +€339,460
up €339,460 (+83.7%), from €405,711 to €745,171
- Accrued charges and deferred income -€300,300
down €300,300 (-100.0%), from €300,300 to €0
- Advances received -€36,786
down €36,786 (-27.2%), from €135,394 to €98,607
- Gross operating margin -€82,104
down €82,104 (-47.7%), from €172,007 to €89,903
- Financial income +€46,386
up €46,386 (+5842.6%), from €794 to €47,180
of which Financial income: +€46,736
- Taxes -€31,260
down €31,260 (-61.0%), from €51,251 to €19,991
- Depreciation +€23,300
up €23,300 (+404.4%), from €5,762 to €29,062
- Other operating charges -€7,780
down €7,780 (-75.0%), from €10,372 to €2,592
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 | €1,626,619 | €967,004 | -€659,615 | -40.6% |
| Fixed assets | 21/28 | €207,513 | €128,720 | -€78,793 | -38.0% |
| Tangible fixed assets | 22/27 | €7,511 | €128,719 | +€121,207 | +1613.6% |
| Plant, machinery and equipment | 23 | €2,036 | €3,139 | +€1,103 | +54.2% |
| Furniture and vehicles | 24 | €5,475 | €125,579 | +€120,104 | +2193.5% |
| Financial fixed assets | 28 | €200,002 | €2 | -€200,000 | -100.0% |
| Current assets | 29/58 | €1,419,105 | €838,284 | -€580,822 | -40.9% |
| Amounts receivable within one year | 40/41 | €987,805 | €692,939 | -€294,867 | -29.9% |
| Trade receivables | 40 | €167,364 | €28,832 | -€138,532 | -82.8% |
| Other amounts receivable | 41 | €820,441 | €664,106 | -€156,335 | -19.1% |
| Cash at bank and in hand | 54/58 | €80,711 | €107,245 | +€26,534 | +32.9% |
| Deferred charges and accrued income | 490/1 | €350,589 | €38,100 | -€312,489 | -89.1% |
| Total equity and liabilities | 10/49 | €1,626,619 | €967,004 | -€659,615 | -40.6% |
| Equity | 10/15 | €698,911 | €29,863 | -€669,048 | -95.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €680,361 | €11,313 | -€669,048 | -98.3% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €927,708 | €937,141 | +€9,433 | +1.0% |
| Amounts payable within one year | 42/48 | €627,408 | €937,141 | +€309,733 | +49.4% |
| Trade debts | 44 | €10,052 | €15,272 | +€5,221 | +51.9% |
| Suppliers | 440/4 | €10,052 | €15,272 | +€5,221 | +51.9% |
| Advances received on contracts in progress | 46 | €135,394 | €98,607 | -€36,786 | -27.2% |
| Taxes, remuneration and social security | 45 | €76,251 | €78,090 | +€1,839 | +2.4% |
| Taxes | 450/3 | €76,251 | €78,090 | +€1,839 | +2.4% |
| Other amounts payable | 47/48 | €405,711 | €745,171 | +€339,460 | +83.7% |
| Accrued charges and deferred income | 492/3 | €300,300 | €0 | -€300,300 | -100.0% |
| Non-recurring operating income | 76A | €81,125 | €0 | -€81,125 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,762 | €29,062 | +€23,300 | +404.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €10,372 | €2,592 | -€7,780 | -75.0% |
| Non-recurring operating charges | 66A | €2,922 | €0 | -€2,922 | -100.0% |
| Gross operating margin | 9900 | €172,007 | €89,903 | -€82,104 | -47.7% |
| Operating profit (loss) | 9901 | €152,952 | €58,249 | -€94,703 | -61.9% |
| Financial income | 75/76B | €794 | €47,180 | +€46,386 | +5842.6% |
| Recurring financial income | 75 | €444 | €47,180 | +€46,736 | +10527.9% |
| Non-recurring financial income | 76B | €350 | €0 | -€350 | -100.0% |
| Financial charges | 65/66B | €9,704 | €9,314 | -€390 | -4.0% |
| Recurring financial charges | 65 | €9,704 | €9,314 | -€390 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €144,042 | €96,115 | -€47,927 | -33.3% |
| Income taxes | 67/77 | €51,251 | €19,991 | -€31,260 | -61.0% |
| Profit (loss) for the period | 9904 | €92,791 | €76,124 | -€16,667 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €92,791 | €76,124 | -€16,667 | -18.0% |
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 7 October 2026 via checked.be.