SOUWERCK: 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.
SOUWERCK
Largest movements
- Tangible fixed assets +€8,099
up €8,099 (+19.9%), from €40,733 to €48,832
of which Plant, machinery and equipment: +€8,239
- Receivables within one year -€6,311
down €6,311 (-40.0%), from €15,769 to €9,458
of which Trade receivables: -€10,565
- Cash +€3,689
up €3,689 (+279.3%), from €1,321 to €5,010
mainly Debts after one year (+€53,308) and Receivables within one year (+€6,311)
- Deferred charges and accrued income +€823
up €823 (+179.0%), from €460 to €1,282
- Debts after one year +€53,308
up €53,308 (+152.0%), from €35,072 to €88,380
of which Other amounts payable: +€29,117
- Profit (loss) carried forward -€35,144
down €35,144 (-41.5%), from -€84,601 to -€119,745
- Trade debts -€7,369
down €7,369 (-72.0%), from €10,231 to €2,863
- Accrued charges and deferred income -€3,400
no longer reported in 2025 (was €3,400)
- Short-term financial debts -€3,200
down €3,200 (-9.9%), from €32,180 to €28,980
- Gross operating margin -€6,210
down €6,210 (-28.9%), from -€21,491 to -€27,700
- Depreciation +€1,039
up €1,039 (+23.2%), from €4,487 to €5,526
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 | €58,282 | €64,583 | +€6,300 | +10.8% |
| Fixed assets | 21/28 | €40,733 | €48,832 | +€8,099 | +19.9% |
| Tangible fixed assets | 22/27 | €40,733 | €48,832 | +€8,099 | +19.9% |
| Land and buildings | 22 | €29,827 | €28,673 | -€1,153 | -3.9% |
| Plant, machinery and equipment | 23 | €10,906 | €19,146 | +€8,239 | +75.5% |
| Furniture and vehicles | 24 | - | €1,013 | +€1,013 | |
| Current assets | 29/58 | €17,549 | €15,751 | -€1,799 | -10.2% |
| Amounts receivable within one year | 40/41 | €15,769 | €9,458 | -€6,311 | -40.0% |
| Trade receivables | 40 | €10,565 | - | -€10,565 | |
| Other amounts receivable | 41 | €5,204 | €9,458 | +€4,255 | +81.8% |
| Cash at bank and in hand | 54/58 | €1,321 | €5,010 | +€3,689 | +279.3% |
| Deferred charges and accrued income | 490/1 | €460 | €1,282 | +€823 | +179.0% |
| Total equity and liabilities | 10/49 | €58,282 | €64,583 | +€6,300 | +10.8% |
| Equity | 10/15 | -€22,601 | -€57,745 | -€35,144 | -155.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,601 | -€119,745 | -€35,144 | -41.5% |
| Amounts payable | 17/49 | €80,883 | €122,328 | +€41,445 | +51.2% |
| Amounts payable after more than one year | 17 | €35,072 | €88,380 | +€53,308 | +152.0% |
| Financial debts | 170/4 | - | €24,191 | +€24,191 | |
| Other amounts payable | 178/9 | €35,072 | €64,189 | +€29,117 | +83.0% |
| Amounts payable within one year | 42/48 | €42,411 | €33,948 | -€8,463 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | - | €2,105 | +€2,105 | |
| Financial debts | 43 | €32,180 | €28,980 | -€3,200 | -9.9% |
| Other loans | 439 | €32,180 | €28,980 | -€3,200 | -9.9% |
| Trade debts | 44 | €10,231 | €2,863 | -€7,369 | -72.0% |
| Suppliers | 440/4 | €10,231 | €2,863 | -€7,369 | -72.0% |
| Accrued charges and deferred income | 492/3 | €3,400 | - | -€3,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,487 | €5,526 | +€1,039 | +23.2% |
| Other operating charges | 640/8 | €707 | €537 | -€170 | -24.0% |
| Non-recurring operating charges | 66A | - | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | -€21,491 | -€27,700 | -€6,210 | -28.9% |
| Operating profit (loss) | 9901 | -€26,684 | -€34,764 | -€8,079 | -30.3% |
| Financial income | 75/76B | €19 | - | -€19 | |
| Recurring financial income | 75 | €19 | - | -€19 | |
| Financial charges | 65/66B | €258 | €381 | +€123 | +47.6% |
| Recurring financial charges | 65 | €258 | €381 | +€123 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | -€26,924 | -€35,144 | -€8,221 | -30.5% |
| Profit (loss) for the period | 9904 | -€26,924 | -€35,144 | -€8,221 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,924 | -€35,144 | -€8,221 | -30.5% |
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.