SOVAMO: 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.
SOVAMO
Largest movements
- Financial fixed assets -€125,730
down €125,730 (-100.0%), from €125,730 to €0
- Cash +€123,001
up €123,001 (+55.5%), from €221,782 to €344,782
mainly Investment in fixed assets (net) (+€125,730) and Depreciation (+€29,202)
- Tangible fixed assets -€29,202
down €29,202 (-14.0%), from €208,307 to €179,105
of which Land and buildings: -€23,692
- Current portion of long-term debt -€20,418
down €20,418 (-81.7%), from €25,000 to €4,583
- Profit (loss) carried forward -€8,903
down €8,903 (-186.7%), from -€4,768 to -€13,672
- Gross operating margin +€933
up €933 (+3.5%), from €26,442 to €27,374
- Depreciation -€611
down €611 (-2.1%), from €29,814 to €29,202
- Financial charges -€365
down €365 (-39.3%), from €931 to €565
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.
Cash bridge derived
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 | €558,138 | €525,116 | -€33,022 | -5.9% |
| Fixed assets | 21/28 | €334,037 | €179,105 | -€154,932 | -46.4% |
| Tangible fixed assets | 22/27 | €208,307 | €179,105 | -€29,202 | -14.0% |
| Land and buildings | 22 | €190,580 | €166,888 | -€23,692 | -12.4% |
| Plant, machinery and equipment | 23 | €17,727 | €12,217 | -€5,510 | -31.1% |
| Financial fixed assets | 28 | €125,730 | €0 | -€125,730 | -100.0% |
| Current assets | 29/58 | €224,101 | €346,011 | +€121,910 | +54.4% |
| Cash at bank and in hand | 54/58 | €221,782 | €344,782 | +€123,001 | +55.5% |
| Deferred charges and accrued income | 490/1 | €2,319 | €1,229 | -€1,090 | -47.0% |
| Total equity and liabilities | 10/49 | €558,138 | €525,116 | -€33,022 | -5.9% |
| Equity | 10/15 | €525,850 | €516,947 | -€8,903 | -1.7% |
| Contributions | 10/11 | €525,000 | €525,000 | = | 0.0% |
| Capital | 10 | €525,000 | €525,000 | = | 0.0% |
| Issued capital | 100 | €525,000 | €525,000 | = | 0.0% |
| Reserves | 13 | €5,619 | €5,619 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,619 | €5,619 | = | 0.0% |
| Legal reserve | 130 | €5,619 | €5,619 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,768 | -€13,672 | -€8,903 | -186.7% |
| Amounts payable | 17/49 | €32,288 | €8,169 | -€24,118 | -74.7% |
| Amounts payable after more than one year | 17 | €4,583 | €0 | -€4,583 | -100.0% |
| Financial debts | 170/4 | €4,583 | €0 | -€4,583 | -100.0% |
| Amounts payable within one year | 42/48 | €27,705 | €8,169 | -€19,536 | -70.5% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €4,583 | -€20,418 | -81.7% |
| Trade debts | 44 | €1,800 | €3,587 | +€1,787 | +99.3% |
| Suppliers | 440/4 | €1,800 | €3,587 | +€1,787 | +99.3% |
| Other amounts payable | 47/48 | €905 | €0 | -€905 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,814 | €29,202 | -€611 | -2.1% |
| Other operating charges | 640/8 | €6,253 | €6,511 | +€258 | +4.1% |
| Gross operating margin | 9900 | €26,442 | €27,374 | +€933 | +3.5% |
| Operating profit (loss) | 9901 | -€9,625 | -€8,338 | +€1,286 | +13.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €931 | €565 | -€365 | -39.3% |
| Recurring financial charges | 65 | €931 | €565 | -€365 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,555 | -€8,903 | +€1,652 | +15.6% |
| Profit (loss) for the period | 9904 | -€10,555 | -€8,903 | +€1,652 | +15.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,555 | -€8,903 | +€1,652 | +15.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.