Sovaro: 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.
Sovaro
Largest movements
- Cash +€76,454
up €76,454 (+1186.4%), from €6,444 to €82,898
mainly Net result for the year (+€97,836) and Receivables within one year (+€65,947)
- Receivables within one year -€65,947
down €65,947 (-55.8%), from €118,159 to €52,213
of which Other amounts receivable: -€65,907
- Other debts +€8,107
up €8,107 (+9.0%), from €89,729 to €97,836
- Gross operating margin +€11,939
up €11,939 (+10.5%), from €113,902 to €125,840
- Taxes +€2,648
up €2,648 (+10.8%), from €24,588 to €27,236
- Financial income -€1,399
down €1,399 (-56.4%), from €2,483 to €1,084
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 | €126,678 | €136,455 | +€9,777 | +7.7% |
| Fixed assets | 21/28 | €974 | €244 | -€731 | -75.0% |
| Tangible fixed assets | 22/27 | €974 | €244 | -€731 | -75.0% |
| Other tangible fixed assets | 26 | €974 | €244 | -€731 | -75.0% |
| Current assets | 29/58 | €125,704 | €136,212 | +€10,508 | +8.4% |
| Amounts receivable within one year | 40/41 | €118,159 | €52,213 | -€65,947 | -55.8% |
| Trade receivables | 40 | €29,954 | €29,914 | -€39 | -0.1% |
| Other amounts receivable | 41 | €88,206 | €22,298 | -€65,907 | -74.7% |
| Cash at bank and in hand | 54/58 | €6,444 | €82,898 | +€76,454 | +1186.4% |
| Deferred charges and accrued income | 490/1 | €1,101 | €1,101 | = | 0.0% |
| Total equity and liabilities | 10/49 | €126,678 | €136,455 | +€9,777 | +7.7% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €108,078 | €117,855 | +€9,777 | +9.0% |
| Amounts payable within one year | 42/48 | €108,078 | €117,855 | +€9,777 | +9.0% |
| Trade debts | 44 | €998 | €1,416 | +€418 | +41.9% |
| Suppliers | 440/4 | €998 | €1,416 | +€418 | +41.9% |
| Taxes, remuneration and social security | 45 | €17,351 | €18,604 | +€1,252 | +7.2% |
| Taxes | 450/3 | €17,351 | €18,604 | +€1,252 | +7.2% |
| Other amounts payable | 47/48 | €89,729 | €97,836 | +€8,107 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,037 | €731 | -€306 | -29.6% |
| Other operating charges | 640/8 | €966 | €1,035 | +€68 | +7.0% |
| Gross operating margin | 9900 | €113,902 | €125,840 | +€11,939 | +10.5% |
| Operating profit (loss) | 9901 | €111,898 | €124,075 | +€12,177 | +10.9% |
| Financial income | 75/76B | €2,483 | €1,084 | -€1,399 | -56.4% |
| Recurring financial income | 75 | €2,483 | €1,084 | -€1,399 | -56.4% |
| Financial charges | 65/66B | €65 | €87 | +€23 | +35.5% |
| Recurring financial charges | 65 | €65 | €87 | +€23 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | €114,317 | €125,072 | +€10,755 | +9.4% |
| Income taxes | 67/77 | €24,588 | €27,236 | +€2,648 | +10.8% |
| Profit (loss) for the period | 9904 | €89,729 | €97,836 | +€8,107 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,729 | €97,836 | +€8,107 | +9.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.