SOVITECH: what changed
Two fiscal 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.
SOVITECH
Largest movements
- Receivables within one year +€4,672
up €4,672 (+68.0%), from €6,867 to €11,539
of which Other amounts receivable: +€5,566
- Cash +€3,392
up €3,392 (+99.3%), from €3,416 to €6,809
mainly Net result for the year (+€10,079) and Tax, wage and social debts (+€2,885)
- Tangible fixed assets +€1,950
up €1,950 (+262.7%), from €742 to €2,692
- Deferred charges and accrued income +€454
new in 2025: €454
- Stocks and contracts -€414
down €414 (-18.7%), from €2,211 to €1,797
- Profit (loss) carried forward +€10,079
up €10,079 (+98.1%), from -€10,273 to -€194
- Tax, wage and social debts +€2,885
up €2,885 (+641.1%), from €450 to €3,335
- Current portion of long-term debt -€1,596
down €1,596 (-84.0%), from €1,901 to €305
- Trade debts -€1,007
no longer reported in 2025 (was €1,007)
- Debts after one year -€305
no longer reported in 2025 (was €305)
- Staff costs -€21,048
no longer reported in 2025 (was €21,048)
- Gross operating margin -€6,632
down €6,632 (-33.4%), from €19,884 to €13,253
- Taxes +€1,254
up €1,254 (+446.3%), from €281 to €1,535
- Depreciation +€621
up €621 (+355.1%), from €175 to €796
- Financial charges -€253
down €253 (-64.2%), from €394 to €141
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,851 | €23,906 | +€10,055 | +72.6% |
| Fixed assets | 21/28 | €1,357 | €3,307 | +€1,950 | +143.7% |
| Tangible fixed assets | 22/27 | €742 | €2,692 | +€1,950 | +262.7% |
| Furniture and vehicles | 24 | €742 | €2,692 | +€1,950 | +262.7% |
| Financial fixed assets | 28 | €615 | €615 | = | 0.0% |
| Current assets | 29/58 | €12,494 | €20,599 | +€8,105 | +64.9% |
| Stocks and contracts in progress | 3 | €2,211 | €1,797 | -€414 | -18.7% |
| Stocks | 30/36 | €2,211 | €1,797 | -€414 | -18.7% |
| Amounts receivable within one year | 40/41 | €6,867 | €11,539 | +€4,672 | +68.0% |
| Trade receivables | 40 | €1,677 | €783 | -€893 | -53.3% |
| Other amounts receivable | 41 | €5,190 | €10,756 | +€5,566 | +107.2% |
| Cash at bank and in hand | 54/58 | €3,416 | €6,809 | +€3,392 | +99.3% |
| Deferred charges and accrued income | 490/1 | - | €454 | +€454 | |
| Total equity and liabilities | 10/49 | €13,851 | €23,906 | +€10,055 | +72.6% |
| Equity | 10/15 | €10,187 | €20,266 | +€10,079 | +98.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,273 | -€194 | +€10,079 | +98.1% |
| Amounts payable | 17/49 | €3,664 | €3,640 | -€24 | -0.7% |
| Amounts payable after more than one year | 17 | €305 | - | -€305 | |
| Financial debts | 170/4 | €305 | - | -€305 | |
| Amounts payable within one year | 42/48 | €3,359 | €3,640 | +€281 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €1,901 | €305 | -€1,596 | -84.0% |
| Trade debts | 44 | €1,007 | - | -€1,007 | |
| Suppliers | 440/4 | €1,007 | - | -€1,007 | |
| Taxes, remuneration and social security | 45 | €450 | €3,335 | +€2,885 | +641.1% |
| Taxes | 450/3 | €450 | €3,335 | +€2,885 | +641.1% |
| Remuneration, social security and pensions | 62 | €21,048 | - | -€21,048 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175 | €796 | +€621 | +355.1% |
| Other operating charges | 640/8 | €1,013 | €1,072 | +€59 | +5.8% |
| Gross operating margin | 9900 | €19,884 | €13,253 | -€6,632 | -33.4% |
| Operating profit (loss) | 9901 | -€2,351 | €11,385 | +€13,737 | |
| Financial income | 75/76B | €355 | €369 | +€15 | +4.1% |
| Recurring financial income | 75 | €355 | €369 | +€15 | +4.1% |
| Financial charges | 65/66B | €394 | €141 | -€253 | -64.2% |
| Recurring financial charges | 65 | €394 | €141 | -€253 | -64.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,391 | €11,614 | +€14,004 | |
| Income taxes | 67/77 | €281 | €1,535 | +€1,254 | +446.3% |
| Profit (loss) for the period | 9904 | -€2,672 | €10,079 | +€12,750 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,672 | €10,079 | +€12,750 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.