SOVERCO: 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.
SOVERCO
Largest movements
- Cash +€17,249
up €17,249 (+1322.1%), from €1,305 to €18,553
mainly Trade debts (+€13,865) and Net result for the year (+€10,380)
- Receivables within one year +€5,441
up €5,441 (+1.4%), from €398,349 to €403,790
- Trade debts +€13,865
up €13,865 (+14.8%), from €93,548 to €107,413
- Reserves +€10,380
up €10,380 (+5.2%), from €200,434 to €210,814
of which Distributable reserves: +€10,380
- Staff costs -€4,003
down €4,003 (-1.4%), from €291,781 to €287,778
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 | €482,711 | €500,679 | +€17,968 | +3.7% |
| Fixed assets | 21/28 | €73,218 | €67,398 | -€5,821 | -7.9% |
| Intangible fixed assets | 21 | €4,202 | €124 | -€4,079 | -97.1% |
| Tangible fixed assets | 22/27 | €69,016 | €67,274 | -€1,742 | -2.5% |
| Land and buildings | 22 | €67,131 | €67,086 | -€45 | -0.1% |
| Furniture and vehicles | 24 | €1,885 | €188 | -€1,697 | -90.0% |
| Current assets | 29/58 | €409,493 | €433,281 | +€23,788 | +5.8% |
| Amounts receivable within one year | 40/41 | €398,349 | €403,790 | +€5,441 | +1.4% |
| Trade receivables | 40 | €398,349 | €403,790 | +€5,441 | +1.4% |
| Cash at bank and in hand | 54/58 | €1,305 | €18,553 | +€17,249 | +1322.1% |
| Deferred charges and accrued income | 490/1 | €9,839 | €10,938 | +€1,099 | +11.2% |
| Total equity and liabilities | 10/49 | €482,711 | €500,679 | +€17,968 | +3.7% |
| Equity | 10/15 | €287,197 | €297,577 | +€10,380 | +3.6% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €200,434 | €210,814 | +€10,380 | +5.2% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Legal reserve | 130 | €8,676 | €8,676 | = | 0.0% |
| Distributable reserves | 133 | €191,758 | €202,138 | +€10,380 | +5.4% |
| Amounts payable | 17/49 | €195,514 | €203,102 | +€7,588 | +3.9% |
| Amounts payable after more than one year | 17 | €31,544 | €27,471 | -€4,073 | -12.9% |
| Other amounts payable | 178/9 | €31,544 | €27,471 | -€4,073 | -12.9% |
| Amounts payable within one year | 42/48 | €161,283 | €174,874 | +€13,591 | +8.4% |
| Trade debts | 44 | €93,548 | €107,413 | +€13,865 | +14.8% |
| Suppliers | 440/4 | €93,548 | €107,413 | +€13,865 | +14.8% |
| Taxes, remuneration and social security | 45 | €66,342 | €66,222 | -€120 | -0.2% |
| Taxes | 450/3 | €15,072 | €14,778 | -€294 | -2.0% |
| Remuneration and social security | 454/9 | €51,270 | €51,444 | +€174 | +0.3% |
| Other amounts payable | 47/48 | €1,393 | €1,239 | -€154 | -11.0% |
| Accrued charges and deferred income | 492/3 | €2,687 | €757 | -€1,930 | -71.8% |
| Non-recurring operating income | 76A | €900 | €0 | -€900 | -100.0% |
| Remuneration, social security and pensions | 62 | €291,781 | €287,778 | -€4,003 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,135 | €5,821 | -€1,314 | -18.4% |
| Other operating charges | 640/8 | €3,675 | €3,824 | +€149 | +4.1% |
| Gross operating margin | 9900 | €312,288 | €314,396 | +€2,108 | +0.7% |
| Operating profit (loss) | 9901 | €9,697 | €16,973 | +€7,276 | +75.0% |
| Financial charges | 65/66B | €2,477 | €2,197 | -€280 | -11.3% |
| Recurring financial charges | 65 | €2,477 | €2,197 | -€280 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €7,220 | €14,776 | +€7,556 | +104.6% |
| Income taxes | 67/77 | €2,316 | €4,396 | +€2,080 | +89.8% |
| Profit (loss) for the period | 9904 | €4,904 | €10,380 | +€5,476 | +111.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,904 | €10,380 | +€5,476 | +111.7% |
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 30 September 2026 via checked.be.