SOVEWA: 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.
SOVEWA
Largest movements
- Cash -€15,668
down €15,668 (-77.8%), from €20,147 to €4,480
mainly Net result for the year (-€23,794) and Stocks and contracts (-€9,651)
- Stocks and contracts +€9,651
up €9,651 (+1.4%), from €703,423 to €713,074
- Profit (loss) carried forward -€23,794
down €23,794 (-102%), from -€23,328 to -€47,123
- Accrued charges and deferred income +€13,296
up €13,296 (+141%), from €9,398 to €22,694
- Financial charges +€13,299
up €13,299 (+140%), from €9,507 to €22,806
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.
Derived cash bridge
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 | €724,456 | €718,313 | -€6,142 | -0.8% |
| Current assets | 29/58 | €724,456 | €718,313 | -€6,142 | -0.8% |
| Stocks and contracts in progress | 3 | €703,423 | €713,074 | +€9,651 | +1.4% |
| Stocks | 30/36 | €703,423 | €713,074 | +€9,651 | +1.4% |
| Property held for sale | 35 | €703,423 | €713,074 | +€9,651 | +1.4% |
| Amounts receivable within one year | 40/41 | €886 | €760 | -€126 | -14.2% |
| Other amounts receivable | 41 | €886 | €760 | -€126 | -14.2% |
| Cash at bank and in hand | 54/58 | €20,147 | €4,480 | -€15,668 | -77.8% |
| Total equity and liabilities | 10/49 | €724,456 | €718,313 | -€6,142 | -0.8% |
| Equity | 10/15 | €66,672 | €42,877 | -€23,794 | -35.7% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,328 | -€47,123 | -€23,794 | -102% |
| Amounts payable | 17/49 | €657,784 | €675,436 | +€17,652 | +2.7% |
| Amounts payable within one year | 42/48 | €648,386 | €652,742 | +€4,356 | +0.7% |
| Trade debts | 44 | - | €4,356 | +€4,356 | |
| Suppliers | 440/4 | - | €4,356 | +€4,356 | |
| Other amounts payable | 47/48 | €648,386 | €648,386 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,398 | €22,694 | +€13,296 | +141% |
| Operating charges | 60/66A | €958 | €988 | +€30 | +3.2% |
| Goods for resale, raw materials and consumables | 60 | €0 | - | = | |
| Purchases | 600/8 | €54,402 | €9,651 | -€44,751 | -82.3% |
| Change in stocks: decrease (increase) | 609 | -€54,402 | -€9,651 | +€44,751 | +82.3% |
| Services and other goods | 61 | €361 | €372 | +€11 | +3.2% |
| Other operating charges | 640/8 | €597 | €616 | +€19 | +3.2% |
| Operating profit (loss) | 9901 | -€958 | -€988 | -€30 | -3.2% |
| Financial charges | 65/66B | €9,507 | €22,806 | +€13,299 | +140% |
| Recurring financial charges | 65 | €9,507 | €22,806 | +€13,299 | +140% |
| Debt charges | 650 | €9,398 | €22,694 | +€13,296 | +141% |
| Other financial charges | 652/9 | €110 | €113 | +€3 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,465 | -€23,794 | -€13,329 | -127% |
| Profit (loss) for the period | 9904 | -€10,465 | -€23,794 | -€13,329 | -127% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,465 | -€23,794 | -€13,329 | -127% |
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 20 October 2026 via checked.be.