SOVIN: 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.
SOVIN
Largest movements
- Current investments -€290,873
down €290,873 (-11.6%), from €2.5m to €2.2m
- Cash +€71,467
up €71,467 (+18.1%), from €395,402 to €466,869
mainly Current investments (+€290,873) and Depreciation (+€16,769)
- Receivables within one year +€57,228
up €57,228 (+23.1%), from €247,531 to €304,759
of which Other amounts receivable: +€52,161
- Other debts -€101,374
down €101,374 (-71.2%), from €142,434 to €41,060
- Debts after one year -€56,419
down €56,419 (-10.0%), from €566,080 to €509,661
- Gross operating margin -€190,744
down €190,744, from €178,083 to -€12,661
- Financial charges +€62,780
up €62,780, from -€2,815 to €59,965
- Taxes +€23,334
up €23,334, from -€6,675 to €16,659
- Financial income +€22,250
up €22,250 (+26.2%), from €84,790 to €107,040
- Other operating charges -€5,437
down €5,437 (-24.4%), from €22,253 to €16,816
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 | €3,624,729 | €3,444,668 | -€180,061 | -5.0% |
| Fixed assets | 21/28 | €142,505 | €125,735 | -€16,770 | -11.8% |
| Tangible fixed assets | 22/27 | €142,455 | €125,685 | -€16,770 | -11.8% |
| Land and buildings | 22 | €45,365 | €45,365 | = | 0.0% |
| Other tangible fixed assets | 26 | €97,090 | €80,320 | -€16,770 | -17.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €3,482,224 | €3,318,933 | -€163,291 | -4.7% |
| Stocks and contracts in progress | 3 | €339,230 | €339,230 | = | 0.0% |
| Stocks | 30/36 | €339,230 | €339,230 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €247,531 | €304,759 | +€57,228 | +23.1% |
| Trade receivables | 40 | €5,581 | €10,648 | +€5,067 | +90.8% |
| Other amounts receivable | 41 | €241,950 | €294,111 | +€52,161 | +21.6% |
| Current investments | 50/53 | €2,496,860 | €2,205,987 | -€290,873 | -11.6% |
| Cash at bank and in hand | 54/58 | €395,402 | €466,869 | +€71,467 | +18.1% |
| Deferred charges and accrued income | 490/1 | €3,201 | €2,088 | -€1,113 | -34.8% |
| Total equity and liabilities | 10/49 | €3,624,729 | €3,444,668 | -€180,061 | -5.0% |
| Equity | 10/15 | €2,765,962 | €2,738,200 | -€27,762 | -1.0% |
| Reserves | 13 | €2,500,000 | €2,500,000 | = | 0.0% |
| Distributable reserves | 133 | €2,500,000 | €2,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €265,962 | €238,200 | -€27,762 | -10.4% |
| Provisions and deferred taxes | 16 | €87,204 | €83,509 | -€3,695 | -4.2% |
| Provisions for liabilities and charges | 160/5 | €87,204 | €83,509 | -€3,695 | -4.2% |
| Other liabilities and charges | 164/5 | €87,204 | €83,509 | -€3,695 | -4.2% |
| Amounts payable | 17/49 | €771,563 | €622,959 | -€148,604 | -19.3% |
| Amounts payable after more than one year | 17 | €566,080 | €509,661 | -€56,419 | -10.0% |
| Financial debts | 170/4 | €566,080 | €509,661 | -€56,419 | -10.0% |
| Amounts payable within one year | 42/48 | €205,483 | €113,298 | -€92,185 | -44.9% |
| Current portion of amounts payable after more than one year | 42 | €55,461 | €56,419 | +€958 | +1.7% |
| Trade debts | 44 | €5,961 | €13,808 | +€7,847 | +132% |
| Suppliers | 440/4 | €5,961 | €13,808 | +€7,847 | +132% |
| Taxes, remuneration and social security | 45 | €1,627 | €2,011 | +€384 | +23.6% |
| Taxes | 450/3 | €1,627 | €806 | -€821 | -50.5% |
| Remuneration and social security | 454/9 | - | €1,205 | +€1,205 | |
| Other amounts payable | 47/48 | €142,434 | €41,060 | -€101,374 | -71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,120 | €16,769 | -€351 | -2.1% |
| Other operating charges | 640/8 | €22,253 | €16,816 | -€5,437 | -24.4% |
| Non-recurring operating charges | 66A | €10,505 | €11,932 | +€1,427 | +13.6% |
| Gross operating margin | 9900 | €178,083 | -€12,661 | -€190,744 | |
| Operating profit (loss) | 9901 | €128,205 | -€58,178 | -€186,383 | |
| Financial income | 75/76B | €84,790 | €107,040 | +€22,250 | +26.2% |
| Recurring financial income | 75 | €84,790 | €107,040 | +€22,250 | +26.2% |
| Financial charges | 65/66B | -€2,815 | €59,965 | +€62,780 | |
| Recurring financial charges | 65 | -€2,815 | €59,965 | +€62,780 | |
| Profit (loss) for the period before taxes | 9903 | €215,810 | -€11,103 | -€226,913 | |
| Income taxes | 67/77 | -€6,675 | €16,659 | +€23,334 | |
| Profit (loss) for the period | 9904 | €222,485 | -€27,762 | -€250,247 | |
| Profit (loss) for the period to be appropriated | 9905 | €222,485 | -€27,762 | -€250,247 |
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 23 October 2026 via checked.be.