SOVE: 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.
SOVE
Largest movements
- Tangible fixed assets -€219,032
down €219,032 (-29.3%), from €748,421 to €529,389
- Cash -€11,458
down €11,458 (-41.9%), from €27,365 to €15,907
mainly Debts after one year (-€250,000) and Other debts (-€36,131)
- Debts after one year -€250,000
down €250,000 (-71.4%), from €350,000 to €100,000
- Reserves +€38,257
up €38,257 (+118%), from €32,521 to €70,778
of which Tax-exempt reserves: +€37,500
- Other debts -€36,131
down €36,131 (-91.3%), from €39,595 to €3,464
- Provisions +€12,500
new in 2025: €12,500
- Gross operating margin +€60,054
up €60,054 (+426%), from €14,101 to €74,155
- Financial charges +€16,680
up €16,680 (+14,632%), from €114 to €16,794
- Taxes -€2,030
down €2,030 (-85.2%), from €2,383 to €353
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.
Derived cash bridge
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 | €776,786 | €547,443 | -€229,343 | -29.5% |
| Fixed assets | 21/28 | €748,421 | €529,389 | -€219,032 | -29.3% |
| Tangible fixed assets | 22/27 | €748,421 | €529,389 | -€219,032 | -29.3% |
| Land and buildings | 22 | €748,421 | €529,389 | -€219,032 | -29.3% |
| Current assets | 29/58 | €28,365 | €18,054 | -€10,311 | -36.4% |
| Amounts receivable within one year | 40/41 | - | €2,147 | +€2,147 | |
| Other amounts receivable | 41 | - | €2,147 | +€2,147 | |
| Cash at bank and in hand | 54/58 | €27,365 | €15,907 | -€11,458 | -41.9% |
| Deferred charges and accrued income | 490/1 | €1,000 | - | -€1,000 | |
| Total equity and liabilities | 10/49 | €776,786 | €547,443 | -€229,343 | -29.5% |
| Equity | 10/15 | €385,021 | €423,278 | +€38,257 | +9.9% |
| Contributions | 10/11 | €352,500 | €352,500 | = | 0.0% |
| Capital | 10 | €352,500 | €352,500 | = | 0.0% |
| Issued capital | 100 | €352,500 | €352,500 | = | 0.0% |
| Reserves | 13 | €32,521 | €70,778 | +€38,257 | +118% |
| Non-distributable reserves | 130/1 | €4,895 | €5,652 | +€757 | +15.5% |
| Legal reserve | 130 | €4,895 | €5,652 | +€757 | +15.5% |
| Tax-exempt reserves | 132 | - | €37,500 | +€37,500 | |
| Distributable reserves | 133 | €27,626 | €27,626 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €12,500 | +€12,500 | |
| Deferred taxes | 168 | - | €12,500 | +€12,500 | |
| Amounts payable | 17/49 | €391,765 | €111,665 | -€280,100 | -71.5% |
| Amounts payable after more than one year | 17 | €350,000 | €100,000 | -€250,000 | -71.4% |
| Other amounts payable | 178/9 | €350,000 | €100,000 | -€250,000 | -71.4% |
| Amounts payable within one year | 42/48 | €40,615 | €9,068 | -€31,547 | -77.7% |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Taxes, remuneration and social security | 45 | €633 | €5,604 | +€4,971 | +785% |
| Taxes | 450/3 | €633 | €5,604 | +€4,971 | +785% |
| Other amounts payable | 47/48 | €39,595 | €3,464 | -€36,131 | -91.3% |
| Accrued charges and deferred income | 492/3 | €1,150 | €2,597 | +€1,447 | +126% |
| Other operating charges | 640/8 | €6,499 | €6,252 | -€247 | -3.8% |
| Gross operating margin | 9900 | €14,101 | €74,155 | +€60,054 | +426% |
| Operating profit (loss) | 9901 | €7,602 | €67,903 | +€60,301 | +793% |
| Financial income | 75/76B | €2 | €1 | -€1 | -50.0% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -50.0% |
| Financial charges | 65/66B | €114 | €16,794 | +€16,680 | +14,632% |
| Recurring financial charges | 65 | €114 | €16,794 | +€16,680 | +14,632% |
| Profit (loss) for the period before taxes | 9903 | €7,490 | €51,110 | +€43,620 | +582% |
| Transfer to deferred taxes | 680 | - | €12,500 | +€12,500 | |
| Income taxes | 67/77 | €2,383 | €353 | -€2,030 | -85.2% |
| Profit (loss) for the period | 9904 | €5,107 | €38,257 | +€33,150 | +649% |
| Transfer to tax-exempt reserves | 689 | - | €37,500 | +€37,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,107 | €757 | -€4,350 | -85.2% |
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 14 October 2026 via checked.be.