SOVALAS: what changed
SOVALAS
Largest movements
- Tangible fixed assets +€28,778
up €28,778 (+34.4%), from €83,598 to €112,375
of which Furniture and vehicles: +€36,248
- Cash +€11,700
up €11,700 (+77.4%), from €15,115 to €26,815
mainly Debts after one year (+€29,562) and Net result for the year (+€16,164)
- Receivables within one year +€6,218
up €6,218 (+1,134%), from €548 to €6,766
of which Trade receivables: +€6,218
- Debts after one year +€29,562
new in 2025: €29,562
- Other debts -€16,992
down €16,992 (-40.0%), from €42,485 to €25,493
- Reserves +€16,164
up €16,164 (+57.1%), from €28,308 to €44,472
of which Distributable reserves: +€16,164
- Tax, wage and social debts +€7,453
up €7,453 (+268%), from €2,786 to €10,239
- Current portion of long-term debt +€7,339
new in 2025: €7,339
- Gross operating margin +€10,867
up €10,867 (+44.6%), from €24,344 to €35,211
- Taxes +€4,700
up €4,700 (+201%), from €2,336 to €7,036
- Depreciation -€2,996
down €2,996 (-22.2%), from €13,501 to €10,506
- Financial income +€2,403
up €2,403 (+667%), from €360 to €2,763
- Financial charges +€527
up €527 (+143%), from €369 to €896
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,016 | €146,656 | +€46,640 | +46.6% |
| Fixed assets | 21/28 | €83,598 | €112,375 | +€28,778 | +34.4% |
| Tangible fixed assets | 22/27 | €83,598 | €112,375 | +€28,778 | +34.4% |
| Land and buildings | 22 | €82,382 | €75,232 | -€7,151 | -8.7% |
| Plant, machinery and equipment | 23 | €1,215 | €895 | -€320 | -26.3% |
| Furniture and vehicles | 24 | - | €36,248 | +€36,248 | |
| Current assets | 29/58 | €16,418 | €34,280 | +€17,862 | +109% |
| Stocks and contracts in progress | 3 | €755 | €700 | -€55 | -7.3% |
| Stocks | 30/36 | €755 | €700 | -€55 | -7.3% |
| Amounts receivable within one year | 40/41 | €548 | €6,766 | +€6,218 | +1,134% |
| Trade receivables | 40 | €523 | €6,741 | +€6,218 | +1,188% |
| Other amounts receivable | 41 | €25 | €25 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,115 | €26,815 | +€11,700 | +77.4% |
| Total equity and liabilities | 10/49 | €100,016 | €146,656 | +€46,640 | +46.6% |
| Equity | 10/15 | €53,308 | €69,472 | +€16,164 | +30.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Contributions outside capital | 11 | €25,000 | €25,000 | = | 0.0% |
| Other | 1109/19 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €28,308 | €44,472 | +€16,164 | +57.1% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €25,808 | €41,972 | +€16,164 | +62.6% |
| Amounts payable | 17/49 | €46,708 | €77,184 | +€30,477 | +65.2% |
| Amounts payable after more than one year | 17 | - | €29,562 | +€29,562 | |
| Financial debts | 170/4 | - | €29,562 | +€29,562 | |
| Amounts payable within one year | 42/48 | €46,708 | €43,471 | -€3,237 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | - | €7,339 | +€7,339 | |
| Trade debts | 44 | €1,436 | €400 | -€1,036 | -72.2% |
| Suppliers | 440/4 | €1,436 | €400 | -€1,036 | -72.2% |
| Taxes, remuneration and social security | 45 | €2,786 | €10,239 | +€7,453 | +268% |
| Taxes | 450/3 | €2,786 | €10,239 | +€7,453 | +268% |
| Other amounts payable | 47/48 | €42,485 | €25,493 | -€16,992 | -40.0% |
| Accrued charges and deferred income | 492/3 | - | €4,151 | +€4,151 | |
| Remuneration, social security and pensions | 62 | €1,142 | €1,374 | +€233 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,501 | €10,506 | -€2,996 | -22.2% |
| Other operating charges | 640/8 | €1,819 | €1,999 | +€180 | +9.9% |
| Gross operating margin | 9900 | €24,344 | €35,211 | +€10,867 | +44.6% |
| Operating profit (loss) | 9901 | €7,882 | €21,332 | +€13,451 | +171% |
| Financial income | 75/76B | €360 | €2,763 | +€2,403 | +667% |
| Recurring financial income | 75 | €360 | €2,763 | +€2,403 | +667% |
| Financial charges | 65/66B | €369 | €896 | +€527 | +143% |
| Recurring financial charges | 65 | €369 | €896 | +€527 | +143% |
| Profit (loss) for the period before taxes | 9903 | €7,873 | €23,199 | +€15,326 | +195% |
| Income taxes | 67/77 | €2,336 | €7,036 | +€4,700 | +201% |
| Profit (loss) for the period | 9904 | €5,537 | €16,164 | +€10,626 | +192% |
| Profit (loss) for the period to be appropriated | 9905 | €5,537 | €16,164 | +€10,626 | +192% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.