SoVeMa: 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.
SoVeMa
Largest movements
- Cash +€50,194
up €50,194 (+53.4%), from €93,938 to €144,133
mainly Net result for the year (+€55,077) and Depreciation (+€52,917)
- Tangible fixed assets -€33,660
down €33,660 (-4.3%), from €780,287 to €746,627
of which Land and buildings: -€33,186
- Deferred charges and accrued income -€10,205
down €10,205 (-29.1%), from €35,117 to €24,912
- Reserves +€42,000
up €42,000 (+8.9%), from €472,247 to €514,247
of which Distributable reserves: +€42,000
- Other debts -€35,171
down €35,171 (-13.9%), from €253,713 to €218,543
- Gross operating margin -€7,879
down €7,879 (-4.7%), from €168,939 to €161,060
- Financial charges +€7,721
up €7,721 (+53.2%), from €14,505 to €22,226
- Taxes -€4,536
down €4,536 (-13.9%), from €32,682 to €28,146
- Depreciation +€3,075
up €3,075 (+6.2%), from €49,842 to €52,917
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 | €911,061 | €917,078 | +€6,017 | +0.7% |
| Fixed assets | 21/28 | €780,287 | €746,627 | -€33,660 | -4.3% |
| Tangible fixed assets | 22/27 | €780,287 | €746,627 | -€33,660 | -4.3% |
| Land and buildings | 22 | €778,011 | €744,825 | -€33,186 | -4.3% |
| Plant, machinery and equipment | 23 | €2,275 | €1,801 | -€474 | -20.8% |
| Current assets | 29/58 | €130,774 | €170,452 | +€39,677 | +30.3% |
| Amounts receivable within one year | 40/41 | €1,719 | €1,407 | -€312 | -18.1% |
| Trade receivables | 40 | €1,474 | €1,309 | -€165 | -11.2% |
| Other amounts receivable | 41 | €245 | €98 | -€147 | -60.0% |
| Cash at bank and in hand | 54/58 | €93,938 | €144,133 | +€50,194 | +53.4% |
| Deferred charges and accrued income | 490/1 | €35,117 | €24,912 | -€10,205 | -29.1% |
| Total equity and liabilities | 10/49 | €911,061 | €917,078 | +€6,017 | +0.7% |
| Equity | 10/15 | €641,875 | €684,952 | +€43,077 | +6.7% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €472,247 | €514,247 | +€42,000 | +8.9% |
| Tax-exempt reserves | 132 | €47 | €47 | = | 0.0% |
| Distributable reserves | 133 | €472,200 | €514,200 | +€42,000 | +8.9% |
| Profit (loss) carried forward | 14 | €44,628 | €45,705 | +€1,077 | +2.4% |
| Amounts payable | 17/49 | €269,186 | €232,126 | -€37,060 | -13.8% |
| Amounts payable within one year | 42/48 | €268,190 | €232,126 | -€36,064 | -13.4% |
| Trade debts | 44 | €6,793 | €2,114 | -€4,679 | -68.9% |
| Suppliers | 440/4 | €6,793 | €2,114 | -€4,679 | -68.9% |
| Taxes, remuneration and social security | 45 | €7,683 | €11,469 | +€3,786 | +49.3% |
| Taxes | 450/3 | €7,683 | €11,469 | +€3,786 | +49.3% |
| Other amounts payable | 47/48 | €253,713 | €218,543 | -€35,171 | -13.9% |
| Accrued charges and deferred income | 492/3 | €995 | - | -€995 | |
| Non-recurring operating income | 76A | €15,278 | - | -€15,278 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,842 | €52,917 | +€3,075 | +6.2% |
| Other operating charges | 640/8 | €4,135 | €2,790 | -€1,345 | -32.5% |
| Gross operating margin | 9900 | €168,939 | €161,060 | -€7,879 | -4.7% |
| Operating profit (loss) | 9901 | €114,963 | €105,353 | -€9,609 | -8.4% |
| Financial income | 75/76B | €245 | €96 | -€149 | -60.9% |
| Recurring financial income | 75 | €245 | €96 | -€149 | -60.9% |
| Financial charges | 65/66B | €14,505 | €22,226 | +€7,721 | +53.2% |
| Recurring financial charges | 65 | €14,505 | €22,226 | +€7,721 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €100,702 | €83,223 | -€17,479 | -17.4% |
| Income taxes | 67/77 | €32,682 | €28,146 | -€4,536 | -13.9% |
| Profit (loss) for the period | 9904 | €68,020 | €55,077 | -€12,944 | -19.0% |
| Transfer to tax-exempt reserves | 689 | €47 | - | -€47 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,973 | €55,077 | -€12,897 | -19.0% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.