SoVet: 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.
SoVet
Largest movements
- Tangible fixed assets -€33,495
down €33,495 (-28.7%), from €116,618 to €83,123
of which Furniture and vehicles: -€30,359
- Receivables within one year -€6,847
down €6,847 (-62.9%), from €10,881 to €4,034
of which Other amounts receivable: -€7,526
- Cash +€6,749
up €6,749 (+28.5%), from €23,651 to €30,401
mainly Depreciation (+€33,495) and Receivables within one year (+€6,847)
- Stocks and contracts +€5,370
up €5,370 (+27.4%), from €19,630 to €25,000
- Other debts -€26,278
down €26,278 (-21.6%), from €121,573 to €95,295
- Accrued charges and deferred income -€5,063
down €5,063 (-100.0%), from €5,066 to €2
- Tax, wage and social debts +€4,251
up €4,251 (+914.4%), from €465 to €4,716
- Financial charges -€5,058
down €5,058 (-98.1%), from €5,156 to €99
- Gross operating margin -€4,060
down €4,060 (-11.0%), from €37,047 to €32,986
- Depreciation +€2,417
up €2,417 (+7.8%), from €31,078 to €33,495
- Taxes +€478
up €478, from -€346 to €132
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 | €173,717 | €144,969 | -€28,748 | -16.5% |
| Fixed assets | 21/28 | €116,618 | €83,123 | -€33,495 | -28.7% |
| Tangible fixed assets | 22/27 | €116,618 | €83,123 | -€33,495 | -28.7% |
| Land and buildings | 22 | €6,132 | €5,444 | -€689 | -11.2% |
| Plant, machinery and equipment | 23 | €7,696 | €5,249 | -€2,447 | -31.8% |
| Furniture and vehicles | 24 | €102,790 | €72,430 | -€30,359 | -29.5% |
| Current assets | 29/58 | €57,099 | €61,846 | +€4,747 | +8.3% |
| Stocks and contracts in progress | 3 | €19,630 | €25,000 | +€5,370 | +27.4% |
| Stocks | 30/36 | €19,630 | €25,000 | +€5,370 | +27.4% |
| Amounts receivable within one year | 40/41 | €10,881 | €4,034 | -€6,847 | -62.9% |
| Trade receivables | 40 | €615 | €1,294 | +€679 | +110.4% |
| Other amounts receivable | 41 | €10,266 | €2,740 | -€7,526 | -73.3% |
| Cash at bank and in hand | 54/58 | €23,651 | €30,401 | +€6,749 | +28.5% |
| Deferred charges and accrued income | 490/1 | €2,936 | €2,411 | -€525 | -17.9% |
| Total equity and liabilities | 10/49 | €173,717 | €144,969 | -€28,748 | -16.5% |
| Equity | 10/15 | €45,130 | €43,746 | -€1,384 | -3.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €25,123 | €25,123 | = | 0.0% |
| Distributable reserves | 133 | €25,123 | €25,123 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6 | -€1,377 | -€1,384 | |
| Amounts payable | 17/49 | €128,587 | €101,223 | -€27,364 | -21.3% |
| Amounts payable within one year | 42/48 | €123,521 | €101,220 | -€22,301 | -18.1% |
| Trade debts | 44 | €1,483 | €1,209 | -€274 | -18.5% |
| Suppliers | 440/4 | €1,483 | €1,209 | -€274 | -18.5% |
| Taxes, remuneration and social security | 45 | €465 | €4,716 | +€4,251 | +914.4% |
| Taxes | 450/3 | €465 | €4,716 | +€4,251 | +914.4% |
| Other amounts payable | 47/48 | €121,573 | €95,295 | -€26,278 | -21.6% |
| Accrued charges and deferred income | 492/3 | €5,066 | €2 | -€5,063 | -100.0% |
| Remuneration, social security and pensions | 62 | -€262 | - | +€262 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,078 | €33,495 | +€2,417 | +7.8% |
| Other operating charges | 640/8 | €937 | €650 | -€287 | -30.6% |
| Gross operating margin | 9900 | €37,047 | €32,986 | -€4,060 | -11.0% |
| Operating profit (loss) | 9901 | €5,294 | -€1,158 | -€6,452 | |
| Financial income | 75/76B | €0 | €5 | +€5 | |
| Recurring financial income | 75 | €0 | €5 | +€5 | |
| Financial charges | 65/66B | €5,156 | €99 | -€5,058 | -98.1% |
| Recurring financial charges | 65 | €5,156 | €99 | -€5,058 | -98.1% |
| Profit (loss) for the period before taxes | 9903 | €137 | -€1,252 | -€1,389 | |
| Income taxes | 67/77 | -€346 | €132 | +€478 | |
| Profit (loss) for the period | 9904 | €483 | -€1,384 | -€1,867 | |
| Profit (loss) for the period to be appropriated | 9905 | €483 | -€1,384 | -€1,867 |
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 10 October 2026 via checked.be.