SOVANA: 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.
SOVANA
Largest movements
- Tangible fixed assets -€17,104
down €17,104 (-8.7%), from €195,592 to €178,488
of which Land and buildings: -€18,151
- Receivables within one year -€10,493
down €10,493 (-67.5%), from €15,555 to €5,062
of which Trade receivables: -€15,493
- Current portion of long-term debt -€13,568
down €13,568 (-57.3%), from €23,696 to €10,128
- Reserves +€13,150
up €13,150 (+15.1%), from €86,860 to €100,010
of which Distributable reserves: +€13,150
- Debts after one year -€10,128
down €10,128 (-19.9%), from €50,819 to €40,691
- Advances received -€6,404
down €6,404 (-100.0%), from €6,404 to €0
- Trade debts -€3,386
down €3,386 (-64.8%), from €5,225 to €1,839
- Gross operating margin -€24,595
down €24,595 (-34.0%), from €72,237 to €47,643
- Taxes -€7,976
down €7,976 (-48.9%), from €16,309 to €8,334
- Financial charges -€1,467
down €1,467 (-41.1%), from €3,565 to €2,098
- Financial income -€1,009
down €1,009 (-87.2%), from €1,157 to €148
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 | €240,695 | €210,997 | -€29,698 | -12.3% |
| Fixed assets | 21/28 | €195,923 | €178,733 | -€17,191 | -8.8% |
| Intangible fixed assets | 21 | €206 | €119 | -€87 | -42.2% |
| Tangible fixed assets | 22/27 | €195,592 | €178,488 | -€17,104 | -8.7% |
| Land and buildings | 22 | €189,615 | €171,465 | -€18,151 | -9.6% |
| Plant, machinery and equipment | 23 | €2,489 | €2,954 | +€465 | +18.7% |
| Furniture and vehicles | 24 | €3,487 | €4,070 | +€583 | +16.7% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €44,772 | €32,264 | -€12,507 | -27.9% |
| Amounts receivable within one year | 40/41 | €15,555 | €5,062 | -€10,493 | -67.5% |
| Trade receivables | 40 | €15,555 | €62 | -€15,493 | -99.6% |
| Other amounts receivable | 41 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €26,756 | €25,629 | -€1,126 | -4.2% |
| Deferred charges and accrued income | 490/1 | €2,460 | €1,573 | -€888 | -36.1% |
| Total equity and liabilities | 10/49 | €240,695 | €210,997 | -€29,698 | -12.3% |
| Equity | 10/15 | €129,394 | €142,585 | +€13,191 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,860 | €100,010 | +€13,150 | +15.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €85,000 | €98,150 | +€13,150 | +15.5% |
| Profit (loss) carried forward | 14 | €23,934 | €23,975 | +€41 | +0.2% |
| Amounts payable | 17/49 | €111,301 | €68,412 | -€42,889 | -38.5% |
| Amounts payable after more than one year | 17 | €50,819 | €40,691 | -€10,128 | -19.9% |
| Financial debts | 170/4 | €50,819 | €40,691 | -€10,128 | -19.9% |
| Amounts payable within one year | 42/48 | €60,482 | €27,721 | -€32,760 | -54.2% |
| Current portion of amounts payable after more than one year | 42 | €23,696 | €10,128 | -€13,568 | -57.3% |
| Financial debts | 43 | €8,582 | €5,367 | -€3,215 | -37.5% |
| Credit institutions | 430/8 | €8,582 | €5,367 | -€3,215 | -37.5% |
| Trade debts | 44 | €5,225 | €1,839 | -€3,386 | -64.8% |
| Suppliers | 440/4 | €5,225 | €1,839 | -€3,386 | -64.8% |
| Advances received on contracts in progress | 46 | €6,404 | €0 | -€6,404 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,376 | €6,219 | -€3,157 | -33.7% |
| Taxes | 450/3 | €9,376 | €6,219 | -€3,157 | -33.7% |
| Other amounts payable | 47/48 | €7,199 | €4,169 | -€3,030 | -42.1% |
| Non-recurring operating income | 76A | - | €8,193 | +€8,193 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,200 | €19,735 | +€534 | +2.8% |
| Other operating charges | 640/8 | €4,928 | €4,434 | -€495 | -10.0% |
| Non-recurring operating charges | 66A | €6 | €0 | -€6 | -100.0% |
| Gross operating margin | 9900 | €72,237 | €47,643 | -€24,595 | -34.0% |
| Operating profit (loss) | 9901 | €48,103 | €23,474 | -€24,629 | -51.2% |
| Financial income | 75/76B | €1,157 | €148 | -€1,009 | -87.2% |
| Recurring financial income | 75 | €1,157 | €148 | -€1,009 | -87.2% |
| Financial charges | 65/66B | €3,565 | €2,098 | -€1,467 | -41.1% |
| Recurring financial charges | 65 | €3,565 | €2,098 | -€1,467 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | €45,695 | €21,524 | -€24,171 | -52.9% |
| Income taxes | 67/77 | €16,309 | €8,334 | -€7,976 | -48.9% |
| Profit (loss) for the period | 9904 | €29,386 | €13,191 | -€16,195 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,386 | €13,191 | -€16,195 | -55.1% |
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 1 October 2026 via checked.be.