SOVEMET: 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.
SOVEMET
Largest movements
- Cash -€20,284
down €20,284 (-31.7%), from €64,071 to €43,787
mainly Debts after one year (-€40,000) and Receivables within one year (-€6,367)
- Receivables within one year +€6,367
up €6,367 (+279.2%), from €2,280 to €8,647
of which Trade receivables: +€3,814
- Tangible fixed assets -€4,822
down €4,822 (-10.8%), from €44,591 to €39,770
of which Furniture and vehicles: -€6,008
- Debts after one year -€40,000
down €40,000 (-63.3%), from €63,150 to €23,150
- Reserves +€15,000
up €15,000 (+89.3%), from €16,800 to €31,800
- Tax, wage and social debts +€8,370
up €8,370 (+727.9%), from €1,150 to €9,520
- Advances received -€5,100
down €5,100 (-52.8%), from €9,650 to €4,550
- Profit (loss) carried forward +€2,338
up €2,338 (+11.6%), from €20,188 to €22,526
- Gross operating margin +€39,078
up €39,078 (+284.7%), from €13,727 to €52,805
- Staff costs +€21,905
new in 2025: €21,905
- Turnover -€20,145
no longer reported in 2025 (was €20,145)
- Taxes +€3,038
up €3,038 (+234.2%), from €1,297 to €4,335
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 | €111,156 | €92,348 | -€18,808 | -16.9% |
| Fixed assets | 21/28 | €44,666 | €39,845 | -€4,822 | -10.8% |
| Tangible fixed assets | 22/27 | €44,591 | €39,770 | -€4,822 | -10.8% |
| Land and buildings | 22 | €5,488 | €5,036 | -€452 | -8.2% |
| Plant, machinery and equipment | 23 | €5,395 | €7,034 | +€1,639 | +30.4% |
| Furniture and vehicles | 24 | €33,708 | €27,700 | -€6,008 | -17.8% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €66,490 | €52,504 | -€13,986 | -21.0% |
| Amounts receivable within one year | 40/41 | €2,280 | €8,647 | +€6,367 | +279.2% |
| Trade receivables | 40 | - | €3,814 | +€3,814 | |
| Other amounts receivable | 41 | €2,280 | €4,833 | +€2,553 | +111.9% |
| Cash at bank and in hand | 54/58 | €64,071 | €43,787 | -€20,284 | -31.7% |
| Deferred charges and accrued income | 490/1 | €138 | €69 | -€69 | -50.0% |
| Total equity and liabilities | 10/49 | €111,156 | €92,348 | -€18,808 | -16.9% |
| Equity | 10/15 | €36,988 | €54,326 | +€17,338 | +46.9% |
| Reserves | 13 | €16,800 | €31,800 | +€15,000 | +89.3% |
| Distributable reserves | 133 | €16,800 | €31,800 | +€15,000 | +89.3% |
| Profit (loss) carried forward | 14 | €20,188 | €22,526 | +€2,338 | +11.6% |
| Amounts payable | 17/49 | €74,168 | €38,022 | -€36,146 | -48.7% |
| Amounts payable after more than one year | 17 | €63,150 | €23,150 | -€40,000 | -63.3% |
| Other amounts payable | 178/9 | €63,150 | €23,150 | -€40,000 | -63.3% |
| Amounts payable within one year | 42/48 | €10,975 | €14,872 | +€3,897 | +35.5% |
| Trade debts | 44 | €175 | €16 | -€160 | -91.0% |
| Suppliers | 440/4 | €175 | €16 | -€160 | -91.0% |
| Advances received on contracts in progress | 46 | €9,650 | €4,550 | -€5,100 | -52.8% |
| Taxes, remuneration and social security | 45 | €1,150 | €9,520 | +€8,370 | +727.9% |
| Taxes | 450/3 | €1,150 | €9,520 | +€8,370 | +727.9% |
| Other amounts payable | 47/48 | - | €786 | +€786 | |
| Accrued charges and deferred income | 492/3 | €43 | - | -€43 | |
| Turnover | 70 | €20,145 | - | -€20,145 | |
| Remuneration, social security and pensions | 62 | - | €21,905 | +€21,905 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,522 | €8,644 | +€122 | +1.4% |
| Other operating charges | 640/8 | €358 | €501 | +€142 | +39.7% |
| Gross operating margin | 9900 | €13,727 | €52,805 | +€39,078 | +284.7% |
| Operating profit (loss) | 9901 | €4,846 | €21,755 | +€16,909 | +348.9% |
| Financial charges | 65/66B | €197 | €83 | -€114 | -58.0% |
| Recurring financial charges | 65 | €197 | €83 | -€114 | -58.0% |
| Profit (loss) for the period before taxes | 9903 | €4,649 | €21,673 | +€17,023 | +366.1% |
| Income taxes | 67/77 | €1,297 | €4,335 | +€3,038 | +234.2% |
| Profit (loss) for the period | 9904 | €3,352 | €17,338 | +€13,986 | +417.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,352 | €17,338 | +€13,986 | +417.2% |
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 9 October 2026 via checked.be.