SOVRA: 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.
SOVRA
Largest movements
- Tangible fixed assets -€26,054
down €26,054 (-15.8%), from €165,199 to €139,145
of which Land and buildings: -€16,555
- Cash +€25,003
up €25,003 (+17.7%), from €141,039 to €166,041
mainly Net result for the year (+€43,687) and Depreciation (+€36,592)
- Intangible fixed assets -€9,388
down €9,388 (-30.6%), from €30,717 to €21,329
- Receivables within one year +€4,194
up €4,194 (+41.4%), from €10,121 to €14,314
of which Other amounts receivable: +€2,557
- Reserves -€38,068
down €38,068 (-100.0%), from €38,068 to €0
- Other debts +€28,349
up €28,349 (+73.9%), from €38,385 to €66,734
- Debts after one year -€24,737
down €24,737 (-15.1%), from €163,516 to €138,779
- Trade debts +€18,271
up €18,271 (+43.6%), from €41,954 to €60,226
- Tax, wage and social debts +€11,363
up €11,363 (+58.3%), from €19,505 to €30,868
of which Taxes: +€7,924
- Staff costs +€9,314
up €9,314 (+7.1%), from €132,052 to €141,365
- Depreciation -€3,186
down €3,186 (-8.0%), from €39,778 to €36,592
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 | €352,485 | €348,363 | -€4,122 | -1.2% |
| Fixed assets | 21/28 | €195,916 | €160,474 | -€35,442 | -18.1% |
| Intangible fixed assets | 21 | €30,717 | €21,329 | -€9,388 | -30.6% |
| Tangible fixed assets | 22/27 | €165,199 | €139,145 | -€26,054 | -15.8% |
| Land and buildings | 22 | €116,062 | €99,507 | -€16,555 | -14.3% |
| Plant, machinery and equipment | 23 | €49,137 | €38,617 | -€10,521 | -21.4% |
| Furniture and vehicles | 24 | €0 | €1,022 | +€1,022 | |
| Current assets | 29/58 | €156,569 | €187,889 | +€31,320 | +20.0% |
| Stocks and contracts in progress | 3 | €5,410 | €6,029 | +€619 | +11.4% |
| Stocks | 30/36 | €5,410 | €6,029 | +€619 | +11.4% |
| Amounts receivable within one year | 40/41 | €10,121 | €14,314 | +€4,194 | +41.4% |
| Trade receivables | 40 | €0 | €1,637 | +€1,637 | |
| Other amounts receivable | 41 | €10,121 | €12,677 | +€2,557 | +25.3% |
| Cash at bank and in hand | 54/58 | €141,039 | €166,041 | +€25,003 | +17.7% |
| Deferred charges and accrued income | 490/1 | - | €1,505 | +€1,505 | |
| Total equity and liabilities | 10/49 | €352,485 | €348,363 | -€4,122 | -1.2% |
| Equity | 10/15 | €63,068 | €25,000 | -€38,068 | -60.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €38,068 | €0 | -€38,068 | -100.0% |
| Distributable reserves | 133 | €38,068 | €0 | -€38,068 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €289,417 | €323,363 | +€33,945 | +11.7% |
| Amounts payable after more than one year | 17 | €163,516 | €138,779 | -€24,737 | -15.1% |
| Financial debts | 170/4 | €163,516 | €138,779 | -€24,737 | -15.1% |
| Amounts payable within one year | 42/48 | €125,901 | €184,583 | +€58,682 | +46.6% |
| Current portion of amounts payable after more than one year | 42 | €26,057 | €26,756 | +€699 | +2.7% |
| Trade debts | 44 | €41,954 | €60,226 | +€18,271 | +43.6% |
| Suppliers | 440/4 | €41,954 | €60,226 | +€18,271 | +43.6% |
| Taxes, remuneration and social security | 45 | €19,505 | €30,868 | +€11,363 | +58.3% |
| Taxes | 450/3 | €2,457 | €10,381 | +€7,924 | +322.5% |
| Remuneration and social security | 454/9 | €17,048 | €20,487 | +€3,439 | +20.2% |
| Other amounts payable | 47/48 | €38,385 | €66,734 | +€28,349 | +73.9% |
| Remuneration, social security and pensions | 62 | €132,052 | €141,365 | +€9,314 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,778 | €36,592 | -€3,186 | -8.0% |
| Other operating charges | 640/8 | €3,764 | €3,790 | +€26 | +0.7% |
| Gross operating margin | 9900 | €241,038 | €242,368 | +€1,330 | +0.6% |
| Operating profit (loss) | 9901 | €65,444 | €60,621 | -€4,823 | -7.4% |
| Financial income | 75/76B | €104 | €27 | -€78 | -74.5% |
| Recurring financial income | 75 | €104 | €27 | -€78 | -74.5% |
| Financial charges | 65/66B | €5,943 | €5,590 | -€354 | -5.9% |
| Recurring financial charges | 65 | €5,943 | €5,590 | -€354 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €59,605 | €55,058 | -€4,548 | -7.6% |
| Income taxes | 67/77 | €10,457 | €11,371 | +€914 | +8.7% |
| Profit (loss) for the period | 9904 | €49,148 | €43,687 | -€5,462 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,148 | €43,687 | -€5,462 | -11.1% |
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 8 October 2026 via checked.be.