SoVeHo: 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.
SoVeHo
Largest movements
- Financial fixed assets +€827,518
up €827,518 (+84.4%), from €980,994 to €1.8m
- Cash -€148,657
down €148,657 (-79.8%), from €186,263 to €37,606
mainly Investment in fixed assets (net) (-€827,518) and Accrued charges and deferred income (-€24,120)
- Debts after one year +€570,000
up €570,000 (+58.1%), from €980,994 to €1.6m
- Reserves +€131,941
up €131,941 (+108.6%), from €121,541 to €253,481
- Accrued charges and deferred income -€24,120
down €24,120 (-64.2%), from €37,569 to €13,449
- Gross operating margin +€10,513
up €10,513 (+6.1%), from €173,533 to €184,046
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 | €1,167,258 | €1,846,119 | +€678,861 | +58.2% |
| Fixed assets | 21/28 | €980,994 | €1,808,513 | +€827,518 | +84.4% |
| Financial fixed assets | 28 | €980,994 | €1,808,513 | +€827,518 | +84.4% |
| Current assets | 29/58 | €186,263 | €37,606 | -€148,657 | -79.8% |
| Cash at bank and in hand | 54/58 | €186,263 | €37,606 | -€148,657 | -79.8% |
| Total equity and liabilities | 10/49 | €1,167,258 | €1,846,119 | +€678,861 | +58.2% |
| Equity | 10/15 | €136,541 | €268,481 | +€131,941 | +96.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €121,541 | €253,481 | +€131,941 | +108.6% |
| Distributable reserves | 133 | €121,541 | €253,481 | +€131,941 | +108.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,030,717 | €1,577,637 | +€546,920 | +53.1% |
| Amounts payable after more than one year | 17 | €980,994 | €1,550,994 | +€570,000 | +58.1% |
| Financial debts | 170/4 | €980,994 | €1,550,994 | +€570,000 | +58.1% |
| Amounts payable within one year | 42/48 | €12,154 | €13,194 | +€1,040 | +8.6% |
| Taxes, remuneration and social security | 45 | €12,154 | €13,194 | +€1,040 | +8.6% |
| Taxes | 450/3 | €12,154 | €13,194 | +€1,040 | +8.6% |
| Accrued charges and deferred income | 492/3 | €37,569 | €13,449 | -€24,120 | -64.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €618 | €637 | +€19 | +3.0% |
| Gross operating margin | 9900 | €173,533 | €184,046 | +€10,513 | +6.1% |
| Operating profit (loss) | 9901 | €172,915 | €183,409 | +€10,494 | +6.1% |
| Financial charges | 65/66B | €37,396 | €38,274 | +€879 | +2.3% |
| Recurring financial charges | 65 | €37,396 | €38,274 | +€879 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €135,519 | €145,135 | +€9,616 | +7.1% |
| Income taxes | 67/77 | €12,154 | €13,194 | +€1,040 | +8.6% |
| Profit (loss) for the period | 9904 | €123,365 | €131,941 | +€8,576 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €123,365 | €131,941 | +€8,576 | +7.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.