Yves SOVET: 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.
Yves SOVET
Largest movements
- Receivables within one year +€20,961
up €20,961 (+99.9%), from €20,975 to €41,935
of which Trade receivables: +€25,076
- Cash -€7,566
down €7,566 (-99.9%), from €7,570 to €4
mainly Receivables within one year (-€20,961) and Debts after one year (-€17,019)
- Tangible fixed assets -€4,542
down €4,542 (-5.8%), from €78,163 to €73,621
of which Land and buildings: -€7,822
- Deferred charges and accrued income +€2,794
new in 2025: €2,794
- Profit (loss) carried forward +€17,458
up €17,458, from -€16,756 to €701
- Debts after one year -€17,019
down €17,019 (-41.7%), from €40,787 to €23,768
- Short-term financial debts +€9,896
new in 2025: €9,896
- Trade debts +€6,101
up €6,101 (+169%), from €3,607 to €9,709
- Tax, wage and social debts -€5,939
down €5,939 (-50.4%), from €11,777 to €5,838
- Gross operating margin +€56,483
up €56,483 (+2,876%), from €1,964 to €58,447
- Taxes +€4,857
up €4,857 (+2,401%), from €202 to €5,059
- Depreciation +€714
up €714 (+6.5%), from €11,025 to €11,740
- Write-downs -€590
down €590 (-52.4%), from €1,127 to €537
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 | €111,707 | €123,526 | +€11,819 | +10.6% |
| Fixed assets | 21/28 | €78,163 | €74,293 | -€3,870 | -5.0% |
| Intangible fixed assets | 21 | - | €422 | +€422 | |
| Tangible fixed assets | 22/27 | €78,163 | €73,621 | -€4,542 | -5.8% |
| Land and buildings | 22 | €68,801 | €60,979 | -€7,822 | -11.4% |
| Plant, machinery and equipment | 23 | €9,152 | €9,228 | +€76 | +0.8% |
| Furniture and vehicles | 24 | €210 | €3,414 | +€3,204 | +1,526% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €33,545 | €49,233 | +€15,689 | +46.8% |
| Stocks and contracts in progress | 3 | €5,000 | €4,500 | -€500 | -10.0% |
| Stocks | 30/36 | €5,000 | €4,500 | -€500 | -10.0% |
| Amounts receivable within one year | 40/41 | €20,975 | €41,935 | +€20,961 | +99.9% |
| Trade receivables | 40 | €8,558 | €33,634 | +€25,076 | +293% |
| Other amounts receivable | 41 | €12,417 | €8,301 | -€4,116 | -33.1% |
| Cash at bank and in hand | 54/58 | €7,570 | €4 | -€7,566 | -99.9% |
| Deferred charges and accrued income | 490/1 | - | €2,794 | +€2,794 | |
| Total equity and liabilities | 10/49 | €111,707 | €123,526 | +€11,819 | +10.6% |
| Equity | 10/15 | €32,104 | €50,561 | +€18,458 | +57.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €42,660 | €43,660 | +€1,000 | +2.3% |
| Distributable reserves | 133 | €42,660 | €43,660 | +€1,000 | +2.3% |
| Profit (loss) carried forward | 14 | -€16,756 | €701 | +€17,458 | |
| Amounts payable | 17/49 | €79,604 | €72,965 | -€6,639 | -8.3% |
| Amounts payable after more than one year | 17 | €40,787 | €23,768 | -€17,019 | -41.7% |
| Financial debts | 170/4 | €40,787 | €23,768 | -€17,019 | -41.7% |
| Amounts payable within one year | 42/48 | €38,817 | €49,197 | +€10,380 | +26.7% |
| Current portion of amounts payable after more than one year | 42 | €23,432 | €19,003 | -€4,429 | -18.9% |
| Financial debts | 43 | - | €9,896 | +€9,896 | |
| Credit institutions | 430/8 | - | €9,896 | +€9,896 | |
| Trade debts | 44 | €3,607 | €9,709 | +€6,101 | +169% |
| Suppliers | 440/4 | €3,607 | €9,709 | +€6,101 | +169% |
| Taxes, remuneration and social security | 45 | €11,777 | €5,838 | -€5,939 | -50.4% |
| Taxes | 450/3 | €11,777 | €5,838 | -€5,939 | -50.4% |
| Other amounts payable | 47/48 | - | €4,750 | +€4,750 | |
| Non-recurring operating income | 76A | - | €6,382 | +€6,382 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,025 | €11,740 | +€714 | +6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,127 | €537 | -€590 | -52.4% |
| Other operating charges | 640/8 | €2,557 | €2,603 | +€45 | +1.8% |
| Non-recurring operating charges | 66A | €194 | €9,566 | +€9,371 | +4,819% |
| Gross operating margin | 9900 | €1,964 | €58,447 | +€56,483 | +2,876% |
| Operating profit (loss) | 9901 | -€12,939 | €34,002 | +€46,942 | |
| Financial income | 75/76B | €11 | €4 | -€7 | -60.6% |
| Recurring financial income | 75 | €11 | €4 | -€7 | -60.6% |
| Financial charges | 65/66B | €5,697 | €5,489 | -€207 | -3.6% |
| Recurring financial charges | 65 | €5,697 | €5,489 | -€207 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,625 | €28,517 | +€47,142 | |
| Income taxes | 67/77 | €202 | €5,059 | +€4,857 | +2,401% |
| Profit (loss) for the period | 9904 | -€18,827 | €23,458 | +€42,285 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,827 | €23,458 | +€42,285 |
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 20 October 2026 via checked.be.