SOVIDEL: 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.
SOVIDEL
Largest movements
- Tangible fixed assets +€45,316
up €45,316 (+161%), from €28,107 to €73,423
of which Furniture and vehicles: +€60,024
- Cash -€32,685
down €32,685 (-34.5%), from €94,851 to €62,166
mainly Investment in fixed assets (net) (-€69,570) and Net result for the year (-€68,267)
- Stocks and contracts -€4,498
down €4,498 (-17.6%), from €25,628 to €21,130
- Receivables within one year +€2,398
up €2,398 (+4.9%), from €49,213 to €51,611
of which Trade receivables: +€6,045
- Profit (loss) carried forward -€68,267
down €68,267, from €400 to -€67,868
- Debts after one year +€32,655
new in 2025: €32,655
- Trade debts +€25,484
up €25,484 (+102%), from €25,016 to €50,500
- Current portion of long-term debt +€22,154
new in 2025: €22,154
- Gross operating margin -€51,493
down €51,493 (-14.8%), from €347,094 to €295,601
- Staff costs +€41,352
up €41,352 (+14.2%), from €291,240 to €332,592
- Depreciation +€9,080
up €9,080 (+59.8%), from €15,174 to €24,254
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 | €197,799 | €208,330 | +€10,531 | +5.3% |
| Fixed assets | 21/28 | €28,107 | €73,423 | +€45,316 | +161% |
| Tangible fixed assets | 22/27 | €28,107 | €73,423 | +€45,316 | +161% |
| Plant, machinery and equipment | 23 | €28,107 | €13,399 | -€14,709 | -52.3% |
| Furniture and vehicles | 24 | - | €60,024 | +€60,024 | |
| Current assets | 29/58 | €169,692 | €134,907 | -€34,785 | -20.5% |
| Stocks and contracts in progress | 3 | €25,628 | €21,130 | -€4,498 | -17.6% |
| Stocks | 30/36 | €25,628 | €21,130 | -€4,498 | -17.6% |
| Amounts receivable within one year | 40/41 | €49,213 | €51,611 | +€2,398 | +4.9% |
| Trade receivables | 40 | €43,704 | €49,750 | +€6,045 | +13.8% |
| Other amounts receivable | 41 | €5,509 | €1,861 | -€3,648 | -66.2% |
| Cash at bank and in hand | 54/58 | €94,851 | €62,166 | -€32,685 | -34.5% |
| Total equity and liabilities | 10/49 | €197,799 | €208,330 | +€10,531 | +5.3% |
| Equity | 10/15 | €140,600 | €72,332 | -€68,267 | -48.6% |
| Contributions | 10/11 | €35,200 | €35,200 | = | 0.0% |
| Reserves | 13 | €105,000 | €105,000 | = | 0.0% |
| Distributable reserves | 133 | €105,000 | €105,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €400 | -€67,868 | -€68,267 | |
| Amounts payable | 17/49 | €57,199 | €135,997 | +€78,798 | +138% |
| Amounts payable after more than one year | 17 | - | €32,655 | +€32,655 | |
| Financial debts | 170/4 | - | €32,655 | +€32,655 | |
| Amounts payable within one year | 42/48 | €57,199 | €103,343 | +€46,143 | +80.7% |
| Current portion of amounts payable after more than one year | 42 | - | €22,154 | +€22,154 | |
| Trade debts | 44 | €25,016 | €50,500 | +€25,484 | +102% |
| Suppliers | 440/4 | €25,016 | €50,500 | +€25,484 | +102% |
| Taxes, remuneration and social security | 45 | €32,183 | €30,689 | -€1,494 | -4.6% |
| Taxes | 450/3 | €2,700 | €0 | -€2,700 | -100% |
| Remuneration and social security | 454/9 | €29,483 | €30,689 | +€1,206 | +4.1% |
| Remuneration, social security and pensions | 62 | €291,240 | €332,592 | +€41,352 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,174 | €24,254 | +€9,080 | +59.8% |
| Other operating charges | 640/8 | €4,824 | €5,466 | +€642 | +13.3% |
| Non-recurring operating charges | 66A | €243 | - | -€243 | |
| Gross operating margin | 9900 | €347,094 | €295,601 | -€51,493 | -14.8% |
| Operating profit (loss) | 9901 | €35,613 | -€66,711 | -€102,324 | |
| Financial charges | 65/66B | €224 | €1,557 | +€1,333 | +596% |
| Recurring financial charges | 65 | €224 | €1,557 | +€1,333 | +596% |
| Profit (loss) for the period before taxes | 9903 | €35,389 | -€68,267 | -€103,657 | |
| Income taxes | 67/77 | €2,700 | €0 | -€2,700 | -100% |
| Profit (loss) for the period | 9904 | €32,689 | -€68,267 | -€100,957 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,689 | -€68,267 | -€100,957 |
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 21 October 2026 via checked.be.