Sovélo: 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.
Sovélo
Largest movements
- Stocks and contracts +€57,202
up €57,202 (+14.6%), from €391,192 to €448,394
- Tangible fixed assets -€20,580
down €20,580 (-6.3%), from €325,148 to €304,568
- Receivables within one year -€14,223
down €14,223 (-14.7%), from €96,453 to €82,230
of which Trade receivables: -€26,234
- Cash -€9,480
down €9,480 (-54.8%), from €17,299 to €7,820
mainly Stocks and contracts (-€57,202) and Debts after one year (-€19,756)
- Trade debts +€32,428
up €32,428 (+55.9%), from €57,996 to €90,424
- Debts after one year -€19,756
down €19,756 (-12.2%), from €162,007 to €142,251
- Reserves +€18,266
up €18,266 (+5.6%), from €326,503 to €344,769
- Tax, wage and social debts -€17,106
down €17,106 (-53.0%), from €32,267 to €15,162
of which Taxes: -€20,637
- Gross operating margin -€44,930
down €44,930 (-30.6%), from €146,988 to €102,058
- Staff costs +€28,508
up €28,508 (+526.6%), from €5,414 to €33,921
- Taxes -€15,567
down €15,567 (-69.8%), from €22,315 to €6,748
- Depreciation +€4,356
up €4,356 (+17.1%), from €25,443 to €29,800
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 | €835,249 | €847,729 | +€12,480 | +1.5% |
| Fixed assets | 21/28 | €329,930 | €307,207 | -€22,723 | -6.9% |
| Intangible fixed assets | 21 | €4,782 | €2,640 | -€2,143 | -44.8% |
| Tangible fixed assets | 22/27 | €325,148 | €304,568 | -€20,580 | -6.3% |
| Land and buildings | 22 | €228,091 | €222,437 | -€5,654 | -2.5% |
| Plant, machinery and equipment | 23 | €72,746 | €64,603 | -€8,143 | -11.2% |
| Furniture and vehicles | 24 | €24,310 | €17,527 | -€6,783 | -27.9% |
| Current assets | 29/58 | €505,319 | €540,521 | +€35,202 | +7.0% |
| Stocks and contracts in progress | 3 | €391,192 | €448,394 | +€57,202 | +14.6% |
| Stocks | 30/36 | €391,192 | €448,394 | +€57,202 | +14.6% |
| Amounts receivable within one year | 40/41 | €96,453 | €82,230 | -€14,223 | -14.7% |
| Trade receivables | 40 | €96,453 | €70,220 | -€26,234 | -27.2% |
| Other amounts receivable | 41 | - | €12,010 | +€12,010 | |
| Cash at bank and in hand | 54/58 | €17,299 | €7,820 | -€9,480 | -54.8% |
| Deferred charges and accrued income | 490/1 | €374 | €2,078 | +€1,703 | +455.2% |
| Total equity and liabilities | 10/49 | €835,249 | €847,729 | +€12,480 | +1.5% |
| Equity | 10/15 | €329,003 | €347,269 | +€18,266 | +5.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €326,503 | €344,769 | +€18,266 | +5.6% |
| Distributable reserves | 133 | €326,503 | €344,769 | +€18,266 | +5.6% |
| Amounts payable | 17/49 | €506,246 | €500,460 | -€5,786 | -1.1% |
| Amounts payable after more than one year | 17 | €162,007 | €142,251 | -€19,756 | -12.2% |
| Financial debts | 170/4 | €162,007 | €142,251 | -€19,756 | -12.2% |
| Amounts payable within one year | 42/48 | €344,238 | €358,208 | +€13,970 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €19,314 | €19,756 | +€442 | +2.3% |
| Financial debts | 43 | €80,262 | €82,090 | +€1,828 | +2.3% |
| Credit institutions | 430/8 | €80,262 | €82,090 | +€1,828 | +2.3% |
| Trade debts | 44 | €57,996 | €90,424 | +€32,428 | +55.9% |
| Suppliers | 440/4 | €57,996 | €90,424 | +€32,428 | +55.9% |
| Taxes, remuneration and social security | 45 | €32,267 | €15,162 | -€17,106 | -53.0% |
| Taxes | 450/3 | €26,920 | €6,283 | -€20,637 | -76.7% |
| Remuneration and social security | 454/9 | €5,347 | €8,879 | +€3,532 | +66.0% |
| Other amounts payable | 47/48 | €154,399 | €150,777 | -€3,622 | -2.3% |
| Remuneration, social security and pensions | 62 | €5,414 | €33,921 | +€28,508 | +526.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,443 | €29,800 | +€4,356 | +17.1% |
| Other operating charges | 640/8 | €1,572 | €1,109 | -€463 | -29.5% |
| Gross operating margin | 9900 | €146,988 | €102,058 | -€44,930 | -30.6% |
| Operating profit (loss) | 9901 | €114,559 | €37,228 | -€77,331 | -67.5% |
| Financial income | 75/76B | €1,427 | €61 | -€1,365 | -95.7% |
| Recurring financial income | 75 | €1,427 | €61 | -€1,365 | -95.7% |
| Financial charges | 65/66B | €11,086 | €10,610 | -€477 | -4.3% |
| Recurring financial charges | 65 | €11,086 | €10,610 | -€477 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €104,899 | €26,680 | -€78,220 | -74.6% |
| Income taxes | 67/77 | €22,315 | €6,748 | -€15,567 | -69.8% |
| Profit (loss) for the period | 9904 | €82,584 | €19,932 | -€62,653 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €82,584 | €19,932 | -€62,653 | -75.9% |
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 12 October 2026 via checked.be.