SOVITEC: 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.
SOVITEC
Largest movements
- Receivables within one year +€15,086
up €15,086 (+92.6%), from €16,288 to €31,374
of which Trade receivables: +€15,688
- Tangible fixed assets -€7,704
down €7,704 (-32.1%), from €24,000 to €16,296
of which Furniture and vehicles: -€6,767
- Cash +€1,983
up €1,983 (+532%), from €373 to €2,356
mainly Net result for the year (+€14,991) and Depreciation (+€7,704)
- Stocks and contracts +€1,290
up €1,290 (+75.4%), from €1,710 to €3,000
- Profit (loss) carried forward +€14,991
up €14,991 (+63.2%), from -€23,713 to -€8,722
- Other debts +€5,267
up €5,267 (+20.6%), from €25,553 to €30,820
- Debts after one year -€5,149
down €5,149 (-41.5%), from €12,406 to €7,257
- Trade debts -€4,507
down €4,507 (-72.1%), from €6,253 to €1,746
- Turnover +€139,893
new in 2025: €139,893
- Purchases and services +€114,496
new in 2025: €114,496
- Gross operating margin +€41,748
up €41,748, from -€8,449 to €33,299
- Staff costs -€6,712
down €6,712 (-42.3%), from €15,880 to €9,168
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 | €44,967 | €55,321 | +€10,354 | +23.0% |
| Fixed assets | 21/28 | €24,363 | €16,659 | -€7,704 | -31.6% |
| Tangible fixed assets | 22/27 | €24,000 | €16,296 | -€7,704 | -32.1% |
| Plant, machinery and equipment | 23 | €1,533 | €596 | -€937 | -61.1% |
| Furniture and vehicles | 24 | €22,467 | €15,700 | -€6,767 | -30.1% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €20,604 | €38,662 | +€18,058 | +87.6% |
| Stocks and contracts in progress | 3 | €1,710 | €3,000 | +€1,290 | +75.4% |
| Stocks | 30/36 | €1,710 | €3,000 | +€1,290 | +75.4% |
| Amounts receivable within one year | 40/41 | €16,288 | €31,374 | +€15,086 | +92.6% |
| Trade receivables | 40 | €15,248 | €30,936 | +€15,688 | +103% |
| Other amounts receivable | 41 | €1,040 | €437 | -€603 | -58.0% |
| Cash at bank and in hand | 54/58 | €373 | €2,356 | +€1,983 | +532% |
| Deferred charges and accrued income | 490/1 | €2,233 | €1,933 | -€300 | -13.5% |
| Total equity and liabilities | 10/49 | €44,967 | €55,321 | +€10,354 | +23.0% |
| Equity | 10/15 | -€4,946 | €10,045 | +€14,991 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €167 | €167 | -€0 | -0.2% |
| Distributable reserves | 133 | €167 | €167 | -€0 | -0.2% |
| Profit (loss) carried forward | 14 | -€23,713 | -€8,722 | +€14,991 | +63.2% |
| Amounts payable | 17/49 | €49,913 | €45,277 | -€4,636 | -9.3% |
| Amounts payable after more than one year | 17 | €12,406 | €7,257 | -€5,149 | -41.5% |
| Financial debts | 170/4 | €12,406 | €7,257 | -€5,149 | -41.5% |
| Amounts payable within one year | 42/48 | €37,507 | €38,020 | +€513 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €4,911 | €5,149 | +€238 | +4.8% |
| Trade debts | 44 | €6,253 | €1,746 | -€4,507 | -72.1% |
| Suppliers | 440/4 | €6,253 | €1,746 | -€4,507 | -72.1% |
| Taxes, remuneration and social security | 45 | €790 | €305 | -€485 | -61.4% |
| Taxes | 450/3 | - | €305 | +€305 | |
| Remuneration and social security | 454/9 | €790 | - | -€790 | |
| Other amounts payable | 47/48 | €25,553 | €30,820 | +€5,267 | +20.6% |
| Turnover | 70 | - | €139,893 | +€139,893 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €114,496 | +€114,496 | |
| Remuneration, social security and pensions | 62 | €15,880 | €9,168 | -€6,712 | -42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,188 | €7,704 | -€484 | -5.9% |
| Other operating charges | 640/8 | €527 | €549 | +€22 | +4.2% |
| Gross operating margin | 9900 | -€8,449 | €33,299 | +€41,748 | |
| Operating profit (loss) | 9901 | -€33,044 | €15,877 | +€48,921 | |
| Financial income | 75/76B | €34 | €1 | -€33 | -96.9% |
| Recurring financial income | 75 | €34 | €1 | -€33 | -96.9% |
| Financial charges | 65/66B | €1,364 | €887 | -€477 | -34.9% |
| Recurring financial charges | 65 | €1,364 | €887 | -€477 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | -€34,374 | €14,991 | +€49,365 | |
| Profit (loss) for the period | 9904 | -€34,374 | €14,991 | +€49,365 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,374 | €14,991 | +€49,365 |
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 15 October 2026 via checked.be.