SOVESTCO: 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.
SOVESTCO
Largest movements
- Cash -€203,939
down €203,939 (-71.7%), from €284,456 to €80,517
mainly Debts after one year (-€233,178) and Net result for the year (-€58,570)
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Debts after one year -€233,178
down €233,178 (-15.1%), from €1.5m to €1.3m
- Reserves -€58,570
down €58,570 (-4.8%), from €1.2m to €1.2m
- Financial income -€714,352
down €714,352 (-99.2%), from €719,840 to €5,488
- Financial charges +€44,246
up €44,246 (+95.1%), from €46,543 to €90,789
- Gross operating margin -€2,349
down €2,349 (-7.5%), from €31,421 to €29,071
- Depreciation +€1,019
new in 2026: €1,019
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,439,840 | €3,141,941 | -€297,900 | -8.7% |
| Fixed assets | 21/28 | €3,055,384 | €3,060,365 | +€4,981 | +0.2% |
| Tangible fixed assets | 22/27 | - | €4,981 | +€4,981 | |
| Furniture and vehicles | 24 | - | €4,981 | +€4,981 | |
| Financial fixed assets | 28 | €3,055,384 | €3,055,384 | = | 0.0% |
| Current assets | 29/58 | €384,456 | €81,576 | -€302,881 | -78.8% |
| Amounts receivable within one year | 40/41 | €0 | €1,058 | +€1,058 | |
| Other amounts receivable | 41 | €0 | €1,058 | +€1,058 | |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €284,456 | €80,517 | -€203,939 | -71.7% |
| Total equity and liabilities | 10/49 | €3,439,840 | €3,141,941 | -€297,900 | -8.7% |
| Equity | 10/15 | €1,327,880 | €1,269,310 | -€58,570 | -4.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,227,880 | €1,169,310 | -€58,570 | -4.8% |
| Distributable reserves | 133 | €1,227,880 | €1,169,310 | -€58,570 | -4.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,111,961 | €1,872,631 | -€239,330 | -11.3% |
| Amounts payable after more than one year | 17 | €1,545,972 | €1,312,794 | -€233,178 | -15.1% |
| Financial debts | 170/4 | €1,545,972 | €1,312,794 | -€233,178 | -15.1% |
| Amounts payable within one year | 42/48 | €555,452 | €540,460 | -€14,992 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €228,576 | €228,576 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,795 | €1,803 | +€8 | +0.4% |
| Taxes | 450/3 | €1,795 | €1,803 | +€8 | +0.4% |
| Other amounts payable | 47/48 | €325,080 | €310,080 | -€15,000 | -4.6% |
| Accrued charges and deferred income | 492/3 | €10,537 | €19,377 | +€8,840 | +83.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,019 | +€1,019 | |
| Other operating charges | 640/8 | €1,094 | €1,321 | +€227 | +20.8% |
| Gross operating margin | 9900 | €31,421 | €29,071 | -€2,349 | -7.5% |
| Operating profit (loss) | 9901 | €30,327 | €26,731 | -€3,596 | -11.9% |
| Financial income | 75/76B | €719,840 | €5,488 | -€714,352 | -99.2% |
| Recurring financial income | 75 | €719,840 | €5,488 | -€714,352 | -99.2% |
| Financial charges | 65/66B | €46,543 | €90,789 | +€44,246 | +95.1% |
| Recurring financial charges | 65 | €46,543 | €90,789 | +€44,246 | +95.1% |
| Profit (loss) for the period before taxes | 9903 | €703,624 | -€58,570 | -€762,194 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €703,624 | -€58,570 | -€762,194 | |
| Profit (loss) for the period to be appropriated | 9905 | €703,624 | -€58,570 | -€762,194 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.