SOVEKI: 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.
SOVEKI
Largest movements
- Tangible fixed assets -€35,549
down €35,549 (-9.2%), from €387,516 to €351,967
of which Land and buildings: -€18,023
- Cash +€12,162
up €12,162 (+51.6%), from €23,561 to €35,723
mainly Depreciation (+€46,348) and Net result for the year (+€1,048)
- Receivables within one year +€4,328
up €4,328 (+654%), from €661 to €4,990
- Revaluation surpluses -€14,445
down €14,445 (-9.7%), from €148,838 to €134,394
- Other debts -€5,888
down €5,888 (-4.8%), from €122,112 to €116,224
- Gross operating margin -€4,180
down €4,180 (-7.1%), from €59,102 to €54,922
- Depreciation +€3,784
up €3,784 (+8.9%), from €42,564 to €46,348
- Taxes -€2,328
down €2,328 (-69.7%), from €3,339 to €1,011
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 | €414,502 | €395,553 | -€18,949 | -4.6% |
| Fixed assets | 21/28 | €387,516 | €351,967 | -€35,549 | -9.2% |
| Tangible fixed assets | 22/27 | €387,516 | €351,967 | -€35,549 | -9.2% |
| Land and buildings | 22 | €316,982 | €298,959 | -€18,023 | -5.7% |
| Furniture and vehicles | 24 | €70,534 | €53,008 | -€17,526 | -24.8% |
| Current assets | 29/58 | €26,986 | €43,586 | +€16,600 | +61.5% |
| Amounts receivable within one year | 40/41 | €661 | €4,990 | +€4,328 | +654% |
| Other amounts receivable | 41 | €661 | €4,990 | +€4,328 | +654% |
| Cash at bank and in hand | 54/58 | €23,561 | €35,723 | +€12,162 | +51.6% |
| Deferred charges and accrued income | 490/1 | €2,763 | €2,873 | +€110 | +4.0% |
| Total equity and liabilities | 10/49 | €414,502 | €395,553 | -€18,949 | -4.6% |
| Equity | 10/15 | €219,616 | €206,219 | -€13,397 | -6.1% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Revaluation surpluses | 12 | €148,838 | €134,394 | -€14,445 | -9.7% |
| Reserves | 13 | €62,177 | €63,225 | +€1,048 | +1.7% |
| Distributable reserves | 133 | €62,177 | €63,225 | +€1,048 | +1.7% |
| Amounts payable | 17/49 | €194,886 | €189,334 | -€5,552 | -2.8% |
| Amounts payable after more than one year | 17 | €70,000 | €70,000 | = | 0.0% |
| Financial debts | 170/4 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €122,500 | €116,624 | -€5,876 | -4.8% |
| Trade debts | 44 | €387 | €400 | +€12 | +3.2% |
| Suppliers | 440/4 | €387 | €400 | +€12 | +3.2% |
| Other amounts payable | 47/48 | €122,112 | €116,224 | -€5,888 | -4.8% |
| Accrued charges and deferred income | 492/3 | €2,386 | €2,710 | +€324 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,564 | €46,348 | +€3,784 | +8.9% |
| Other operating charges | 640/8 | €6,469 | €6,332 | -€137 | -2.1% |
| Gross operating margin | 9900 | €59,102 | €54,922 | -€4,180 | -7.1% |
| Operating profit (loss) | 9901 | €10,068 | €2,241 | -€7,827 | -77.7% |
| Financial charges | 65/66B | €161 | €183 | +€22 | +13.5% |
| Recurring financial charges | 65 | €161 | €183 | +€22 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €9,907 | €2,058 | -€7,849 | -79.2% |
| Income taxes | 67/77 | €3,339 | €1,011 | -€2,328 | -69.7% |
| Profit (loss) for the period | 9904 | €6,568 | €1,048 | -€5,521 | -84.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,568 | €1,048 | -€5,521 | -84.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.