SOVITEC BELGIUM: 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.
What changed
SOVITEC BELGIUM
NACE 23.150, Manufacture of other non-metallic mineral products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€20,173
2024 · -€170,746+€150,573
Equity
€1.4m
2024 · €1.4m-€20,173
Cash
€0
2024 · €2,212-€2,212
Balance sheet total
€12.0m
2024 · €12.3m-€303,249
Largest movements
Assets
- Stocks and contracts +€846,342
up €846,342 (+15.9%), from €5.3m to €6.2m
- Tangible fixed assets -€588,634
down €588,634 (-11.6%), from €5.1m to €4.5m
of which Plant, machinery and equipment: -€371,940
- Receivables within one year -€559,214
down €559,214 (-30.2%), from €1.9m to €1.3m
of which Trade receivables: -€642,919
Equity and liabilities
- Other debts -€402,906
down €402,906 (-5.1%), from €7.9m to €7.5m
- Trade debts +€192,259
up €192,259 (+7.3%), from €2.6m to €2.8m
Income statement
- Goods and materials -€5.1m
down €5.1m (-64.6%), from €7.9m to €2.8m
of which Change in stocks: decrease (increase): -€5.2m
- Services and other goods +€1.9m
up €1.9m (+40.6%), from €4.8m to €6.7m
- Turnover +€995,838
up €995,838 (+8.6%), from €11.5m to €12.5m
- Financial charges -€188,980
down €188,980 (-39.6%), from €477,572 to €288,591
- Staff costs +€187,260
up €187,260 (+9.1%), from €2.1m to €2.3m
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.
Result 2024
-€170,746
Turnover
+€995,838
Other operating income
+€100,145
Goods and materials
+€5.1m
Services and other goods
-€1.9m
Staff costs
-€187,260
Depreciation
+€5,936
Write-downs
-€102,787
Other operating charges
-€1,041
Other operating items
-€4.0m
Financial income
-€168
Financial charges
+€188,980
Taxes
-€25,220
Result 2025
-€20,173
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.
From operations
+€253,368
Investment
-€255,579
Financing
€0
Cash 2024
€2,212
From operations (derived)
+€253,368
Net result for the year
-€20,173
Depreciation
+€844,318
Stocks and contracts
-€846,342
Receivables within one year
+€559,214
Deferred charges and accrued income
-€574
Trade debts
+€192,259
Tax, wage and social debts
-€58,337
Other debts
-€402,906
Accrued charges and deferred income
-€14,092
Investment (derived)
-€255,579
Investment in fixed assets (net)
-€255,579
Cash 2025
€0
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,253,820 | €11,950,572 | -€303,249 | -2.5% |
| Fixed assets | 21/28 | €5,069,531 | €4,480,792 | -€588,739 | -11.6% |
| Intangible fixed assets | 21 | €105 | €0 | -€105 | -100.0% |
| Tangible fixed assets | 22/27 | €5,069,426 | €4,480,792 | -€588,634 | -11.6% |
| Land and buildings | 22 | €1,085,244 | €1,037,263 | -€47,980 | -4.4% |
| Plant, machinery and equipment | 23 | €3,630,010 | €3,258,071 | -€371,940 | -10.2% |
| Furniture and vehicles | 24 | €18,263 | €13,202 | -€5,061 | -27.7% |
| Assets under construction and advance payments | 27 | €335,909 | €172,256 | -€163,653 | -48.7% |
| Current assets | 29/58 | €7,184,290 | €7,469,780 | +€285,490 | +4.0% |
| Stocks and contracts in progress | 3 | €5,323,965 | €6,170,307 | +€846,342 | +15.9% |
| Stocks | 30/36 | €5,323,965 | €6,170,307 | +€846,342 | +15.9% |
| Raw materials and consumables | 30/31 | €1,931,359 | €1,807,990 | -€123,368 | -6.4% |
| Finished goods | 33 | €3,391,543 | €4,361,253 | +€969,710 | +28.6% |
| Goods purchased for resale | 34 | €1,063 | €1,063 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,851,095 | €1,291,882 | -€559,214 | -30.2% |
| Trade receivables | 40 | €1,591,207 | €948,288 | -€642,919 | -40.4% |
| Other amounts receivable | 41 | €259,888 | €343,593 | +€83,705 | +32.2% |
| Cash at bank and in hand | 54/58 | €2,212 | €0 | -€2,212 | -100.0% |
| Deferred charges and accrued income | 490/1 | €7,018 | €7,591 | +€574 | +8.2% |
| Total equity and liabilities | 10/49 | €12,253,820 | €11,950,572 | -€303,249 | -2.5% |
| Equity | 10/15 | €1,422,566 | €1,402,393 | -€20,173 | -1.4% |
| Contributions | 10/11 | €1,580,812 | €1,580,812 | = | 0.0% |
| Capital | 10 | €1,580,812 | €1,580,812 | = | 0.0% |
| Issued capital | 100 | €1,580,812 | €1,580,812 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,746 | -€190,919 | -€20,173 | -11.8% |
| Amounts payable | 17/49 | €10,831,254 | €10,548,179 | -€283,075 | -2.6% |
| Amounts payable within one year | 42/48 | €10,797,534 | €10,528,551 | -€268,984 | -2.5% |
| Trade debts | 44 | €2,645,360 | €2,837,619 | +€192,259 | +7.3% |
| Suppliers | 440/4 | €2,645,360 | €2,837,619 | +€192,259 | +7.3% |
| Taxes, remuneration and social security | 45 | €277,591 | €219,254 | -€58,337 | -21.0% |
| Taxes | 450/3 | €10,977 | €7,457 | -€3,521 | -32.1% |
| Remuneration and social security | 454/9 | €266,614 | €211,797 | -€54,817 | -20.6% |
| Other amounts payable | 47/48 | €7,874,584 | €7,471,678 | -€402,906 | -5.1% |
| Accrued charges and deferred income | 492/3 | €33,720 | €19,628 | -€14,092 | -41.8% |
| Operating income | 70/76A | €15,612,087 | €12,698,384 | -€2.9m | -18.7% |
| Turnover | 70 | €11,524,667 | €12,520,506 | +€995,838 | +8.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €4,084,760 | €75,074 | -€4.0m | -98.2% |
| Other operating income | 74 | €2,660 | €102,805 | +€100,145 | +3765.0% |
| Operating charges | 60/66A | €15,348,364 | €12,447,680 | -€2.9m | -18.9% |
| Goods for resale, raw materials and consumables | 60 | €7,927,145 | €2,806,751 | -€5.1m | -64.6% |
| Purchases | 600/8 | €3,255,217 | €3,330,756 | +€75,539 | +2.3% |
| Change in stocks: decrease (increase) | 609 | €4,671,928 | -€524,005 | -€5.2m | |
| Services and other goods | 61 | €4,760,868 | €6,695,427 | +€1.9m | +40.6% |
| Remuneration, social security and pensions | 62 | €2,064,300 | €2,251,560 | +€187,260 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €850,254 | €844,318 | -€5,936 | -0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€350,050 | -€247,263 | +€102,787 | +29.4% |
| Other operating charges | 640/8 | €95,847 | €96,888 | +€1,041 | +1.1% |
| Operating profit (loss) | 9901 | €263,723 | €250,704 | -€13,019 | -4.9% |
| Financial income | 75/76B | €168 | - | -€168 | |
| Recurring financial income | 75 | €168 | - | -€168 | |
| Other financial income | 752/9 | €168 | - | -€168 | |
| Financial charges | 65/66B | €477,572 | €288,591 | -€188,980 | -39.6% |
| Recurring financial charges | 65 | €477,572 | €288,591 | -€188,980 | -39.6% |
| Debt charges | 650 | €462,932 | €274,339 | -€188,593 | -40.7% |
| Other financial charges | 652/9 | €14,639 | €14,252 | -€387 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€213,681 | -€37,887 | +€175,793 | +82.3% |
| Income taxes | 67/77 | -€42,934 | -€17,714 | +€25,220 | +58.7% |
| Taxes | 670/3 | €2,085 | €2,000 | -€85 | -4.1% |
| Tax adjustments and reversals of tax provisions | 77 | €45,019 | €19,714 | -€25,305 | -56.2% |
| Profit (loss) for the period | 9904 | -€170,746 | -€20,173 | +€150,573 | +88.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€170,746 | -€20,173 | +€150,573 | +88.2% |
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 12 October 2026 via checked.be.