SOVEMATIC: 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.
SOVEMATIC
Largest movements
- Cash +€60,099
up €60,099 (+129.7%), from €46,342 to €106,441
mainly Net result for the year (+€45,208) and Depreciation (+€9,635)
- Tangible fixed assets -€8,487
down €8,487 (-25.4%), from €33,382 to €24,895
of which Furniture and vehicles: -€7,072
- Receivables within one year -€4,351
down €4,351 (-24.5%), from €17,727 to €13,376
of which Trade receivables: -€4,974
- Deferred charges and accrued income -€4,022
down €4,022 (-86.4%), from €4,657 to €636
- Receivables after one year +€3,562
up €3,562 (+5.9%), from €60,406 to €63,968
- Profit (loss) carried forward +€45,208
up €45,208 (+65.9%), from -€68,641 to -€23,433
- Gross operating margin +€13,670
up €13,670 (+25.6%), from €53,451 to €67,121
- Financial income +€3,352
up €3,352 (+701.6%), from €478 to €3,830
- Financial charges -€808
down €808 (-22.0%), from €3,673 to €2,864
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €162,514 | €209,315 | +€46,801 | +28.8% |
| Fixed assets | 21/28 | €33,382 | €24,895 | -€8,487 | -25.4% |
| Tangible fixed assets | 22/27 | €33,382 | €24,895 | -€8,487 | -25.4% |
| Plant, machinery and equipment | 23 | €5,119 | €4,807 | -€311 | -6.1% |
| Furniture and vehicles | 24 | €26,990 | €19,918 | -€7,072 | -26.2% |
| Leasing and similar rights | 25 | €1,273 | €169 | -€1,104 | -86.7% |
| Current assets | 29/58 | €129,132 | €184,421 | +€55,288 | +42.8% |
| Amounts receivable after more than one year | 29 | €60,406 | €63,968 | +€3,562 | +5.9% |
| Other amounts receivable | 291 | €60,406 | €63,968 | +€3,562 | +5.9% |
| Amounts receivable within one year | 40/41 | €17,727 | €13,376 | -€4,351 | -24.5% |
| Trade receivables | 40 | €17,727 | €12,754 | -€4,974 | -28.1% |
| Other amounts receivable | 41 | - | €622 | +€622 | |
| Cash at bank and in hand | 54/58 | €46,342 | €106,441 | +€60,099 | +129.7% |
| Deferred charges and accrued income | 490/1 | €4,657 | €636 | -€4,022 | -86.4% |
| Total equity and liabilities | 10/49 | €162,514 | €209,315 | +€46,801 | +28.8% |
| Equity | 10/15 | €87,360 | €132,567 | +€45,208 | +51.7% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €143,606 | €143,606 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €141,747 | €143,606 | +€1,859 | +1.3% |
| Profit (loss) carried forward | 14 | -€68,641 | -€23,433 | +€45,208 | +65.9% |
| Provisions and deferred taxes | 16 | €47,353 | €47,353 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €47,353 | €47,353 | = | 0.0% |
| Other liabilities and charges | 164/5 | €47,353 | €47,353 | = | 0.0% |
| Amounts payable | 17/49 | €27,802 | €29,394 | +€1,593 | +5.7% |
| Amounts payable within one year | 42/48 | €27,802 | €29,191 | +€1,389 | +5.0% |
| Trade debts | 44 | €3,877 | €4,265 | +€389 | +10.0% |
| Suppliers | 440/4 | €3,877 | €4,265 | +€389 | +10.0% |
| Taxes, remuneration and social security | 45 | €23,584 | €24,925 | +€1,341 | +5.7% |
| Taxes | 450/3 | €23,584 | €24,925 | +€1,341 | +5.7% |
| Other amounts payable | 47/48 | €341 | - | -€341 | |
| Accrued charges and deferred income | 492/3 | - | €204 | +€204 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,086 | €9,635 | +€549 | +6.0% |
| Other operating charges | 640/8 | €1,103 | €838 | -€265 | -24.0% |
| Gross operating margin | 9900 | €53,451 | €67,121 | +€13,670 | +25.6% |
| Operating profit (loss) | 9901 | €43,262 | €56,648 | +€13,386 | +30.9% |
| Financial income | 75/76B | €478 | €3,830 | +€3,352 | +701.6% |
| Recurring financial income | 75 | €478 | €3,830 | +€3,352 | +701.6% |
| Financial charges | 65/66B | €3,673 | €2,864 | -€808 | -22.0% |
| Recurring financial charges | 65 | €3,673 | €2,864 | -€808 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €40,067 | €57,614 | +€17,547 | +43.8% |
| Income taxes | 67/77 | €12,104 | €12,406 | +€302 | +2.5% |
| Profit (loss) for the period | 9904 | €27,963 | €45,208 | +€17,245 | +61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,963 | €45,208 | +€17,245 | +61.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.