SOVERCOM: what changed
SOVERCOM
Largest movements
- Deferred charges and accrued income -€28,289
no longer reported in 2025 (was €28,289)
- Tangible fixed assets +€7,592
up €7,592 (+4.3%), from €178,316 to €185,908
of which Furniture and vehicles: +€22,330
- Receivables within one year +€5,632
up €5,632 (+8.4%), from €67,284 to €72,916
of which Trade receivables: +€8,392
- Cash -€4,009
down €4,009 (-84.9%), from €4,725 to €715
mainly Net result for the year (-€27,456) and Investment in fixed assets (net) (-€22,500)
- Profit (loss) carried forward -€27,456
down €27,456 (-292%), from -€9,413 to -€36,869
- Tax, wage and social debts +€8,651
up €8,651 (+38.9%), from €22,247 to €30,898
of which Remuneration and social security: +€4,904
- Staff costs +€8,643
up €8,643 (+5.2%), from €166,461 to €175,104
- Gross operating margin -€2,253
down €2,253 (-1.3%), from €170,309 to €168,056
- Depreciation +€2,159
up €2,159 (+16.9%), from €12,749 to €14,908
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €398,494 | €379,419 | -€19,075 | -4.8% |
| Fixed assets | 21/28 | €298,196 | €305,788 | +€7,592 | +2.5% |
| Tangible fixed assets | 22/27 | €178,316 | €185,908 | +€7,592 | +4.3% |
| Land and buildings | 22 | €161,230 | €151,185 | -€10,044 | -6.2% |
| Plant, machinery and equipment | 23 | €17,086 | €12,392 | -€4,694 | -27.5% |
| Furniture and vehicles | 24 | - | €22,330 | +€22,330 | |
| Financial fixed assets | 28 | €119,880 | €119,880 | = | 0.0% |
| Current assets | 29/58 | €100,298 | €73,631 | -€26,667 | -26.6% |
| Amounts receivable within one year | 40/41 | €67,284 | €72,916 | +€5,632 | +8.4% |
| Trade receivables | 40 | €64,522 | €72,914 | +€8,392 | +13.0% |
| Other amounts receivable | 41 | €2,762 | €2 | -€2,760 | -99.9% |
| Cash at bank and in hand | 54/58 | €4,725 | €715 | -€4,009 | -84.9% |
| Deferred charges and accrued income | 490/1 | €28,289 | - | -€28,289 | |
| Total equity and liabilities | 10/49 | €398,494 | €379,419 | -€19,075 | -4.8% |
| Equity | 10/15 | €355,203 | €327,746 | -€27,456 | -7.7% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Revaluation surpluses | 12 | €330,530 | €330,530 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,413 | -€36,869 | -€27,456 | -292% |
| Amounts payable | 17/49 | €43,291 | €51,673 | +€8,381 | +19.4% |
| Amounts payable within one year | 42/48 | €43,291 | €51,673 | +€8,381 | +19.4% |
| Trade debts | 44 | €17,544 | €19,055 | +€1,511 | +8.6% |
| Suppliers | 440/4 | €17,544 | €19,055 | +€1,511 | +8.6% |
| Taxes, remuneration and social security | 45 | €22,247 | €30,898 | +€8,651 | +38.9% |
| Taxes | 450/3 | €3,118 | €6,865 | +€3,747 | +120% |
| Remuneration and social security | 454/9 | €19,129 | €24,033 | +€4,904 | +25.6% |
| Other amounts payable | 47/48 | €3,500 | €1,720 | -€1,780 | -50.9% |
| Remuneration, social security and pensions | 62 | €166,461 | €175,104 | +€8,643 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,749 | €14,908 | +€2,159 | +16.9% |
| Other operating charges | 640/8 | €3,657 | €4,065 | +€408 | +11.2% |
| Gross operating margin | 9900 | €170,309 | €168,056 | -€2,253 | -1.3% |
| Operating profit (loss) | 9901 | -€12,557 | -€26,022 | -€13,464 | -107% |
| Financial charges | 65/66B | €798 | €1,208 | +€410 | +51.3% |
| Recurring financial charges | 65 | €39 | €555 | +€516 | +1,340% |
| Non-recurring financial charges | 66B | €760 | €653 | -€107 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,356 | -€27,230 | -€13,874 | -104% |
| Income taxes | 67/77 | - | €227 | +€227 | |
| Profit (loss) for the period | 9904 | -€13,356 | -€27,456 | -€14,101 | -106% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,356 | -€27,456 | -€14,101 | -106% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.