Sovela: 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.
Sovela
Largest movements
- Cash +€12,057
up €12,057 (+62.1%), from €19,408 to €31,465
mainly Net result for the year (+€34,549) and Depreciation (+€5,815)
- Receivables within one year +€10,844
up €10,844 (+89.3%), from €12,148 to €22,992
- Tangible fixed assets +€3,308
up €3,308 (+19.6%), from €16,889 to €20,197
- Deferred charges and accrued income +€1,357
up €1,357 (+223%), from €609 to €1,966
- Reserves +€34,549
up €34,549 (+141%), from €24,450 to €58,999
- Trade debts -€8,359
down €8,359 (-51.1%), from €16,364 to €8,005
- Tax, wage and social debts +€1,376
up €1,376 (+26.3%), from €5,240 to €6,616
of which Remuneration and social security: +€2,595
- Gross operating margin +€59,545
up €59,545 (+124%), from €47,925 to €107,469
- Staff costs +€43,821
up €43,821 (+340%), from €12,902 to €56,723
- Taxes +€3,291
up €3,291 (+53.5%), from €6,156 to €9,447
- Depreciation +€2,169
up €2,169 (+59.5%), from €3,646 to €5,815
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 | €49,055 | €76,621 | +€27,566 | +56.2% |
| Fixed assets | 21/28 | €16,889 | €20,197 | +€3,308 | +19.6% |
| Tangible fixed assets | 22/27 | €16,889 | €20,197 | +€3,308 | +19.6% |
| Furniture and vehicles | 24 | €16,889 | €20,197 | +€3,308 | +19.6% |
| Current assets | 29/58 | €32,165 | €56,423 | +€24,258 | +75.4% |
| Amounts receivable within one year | 40/41 | €12,148 | €22,992 | +€10,844 | +89.3% |
| Trade receivables | 40 | €12,148 | €22,992 | +€10,844 | +89.3% |
| Cash at bank and in hand | 54/58 | €19,408 | €31,465 | +€12,057 | +62.1% |
| Deferred charges and accrued income | 490/1 | €609 | €1,966 | +€1,357 | +223% |
| Total equity and liabilities | 10/49 | €49,055 | €76,621 | +€27,566 | +56.2% |
| Equity | 10/15 | €27,450 | €61,999 | +€34,549 | +126% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €24,450 | €58,999 | +€34,549 | +141% |
| Distributable reserves | 133 | €24,450 | €58,999 | +€34,549 | +141% |
| Amounts payable | 17/49 | €21,604 | €14,621 | -€6,983 | -32.3% |
| Amounts payable within one year | 42/48 | €21,604 | €14,621 | -€6,983 | -32.3% |
| Trade debts | 44 | €16,364 | €8,005 | -€8,359 | -51.1% |
| Suppliers | 440/4 | €16,364 | €8,005 | -€8,359 | -51.1% |
| Taxes, remuneration and social security | 45 | €5,240 | €6,616 | +€1,376 | +26.3% |
| Taxes | 450/3 | €3,939 | €2,720 | -€1,219 | -31.0% |
| Remuneration and social security | 454/9 | €1,302 | €3,896 | +€2,595 | +199% |
| Remuneration, social security and pensions | 62 | €12,902 | €56,723 | +€43,821 | +340% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,646 | €5,815 | +€2,169 | +59.5% |
| Other operating charges | 640/8 | €689 | €736 | +€47 | +6.8% |
| Gross operating margin | 9900 | €47,925 | €107,469 | +€59,545 | +124% |
| Operating profit (loss) | 9901 | €30,688 | €44,196 | +€13,508 | +44.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €82 | €200 | +€118 | +144% |
| Recurring financial charges | 65 | €82 | €200 | +€118 | +144% |
| Profit (loss) for the period before taxes | 9903 | €30,606 | €43,996 | +€13,390 | +43.7% |
| Income taxes | 67/77 | €6,156 | €9,447 | +€3,291 | +53.5% |
| Profit (loss) for the period | 9904 | €24,450 | €34,549 | +€10,099 | +41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,450 | €34,549 | +€10,099 | +41.3% |
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 29 October 2026 via checked.be.