SOW & CO: 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.
SOW & CO
Largest movements
- Receivables within one year +€76,562
up €76,562 (+155%), from €49,341 to €125,903
of which Trade receivables: +€74,249
- Cash +€14,525
up €14,525 (+1,259%), from €1,154 to €15,679
mainly Trade debts (+€114,914) and Net result for the year (+€25,229)
- Trade debts +€114,914
up €114,914 (+7,986%), from €1,439 to €116,353
- Profit (loss) carried forward -€23,827
down €23,827 (-48.6%), from €49,056 to €25,229
- Turnover -€98,227
no longer reported in 2025 (was €98,227)
- Gross operating margin +€32,451
up €32,451 (+16,145%), from €201 to €32,652
- Purchases and services -€7,088
down €7,088 (-7.2%), from €98,026 to €90,938
- Taxes +€6,599
new in 2025: €6,599
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 | €50,495 | €141,582 | +€91,087 | +180% |
| Current assets | 29/58 | €50,495 | €141,582 | +€91,087 | +180% |
| Amounts receivable within one year | 40/41 | €49,341 | €125,903 | +€76,562 | +155% |
| Trade receivables | 40 | €49,341 | €123,590 | +€74,249 | +150% |
| Other amounts receivable | 41 | - | €2,313 | +€2,313 | |
| Cash at bank and in hand | 54/58 | €1,154 | €15,679 | +€14,525 | +1,259% |
| Total equity and liabilities | 10/49 | €50,495 | €141,582 | +€91,087 | +180% |
| Equity | 10/15 | €49,056 | €25,229 | -€23,827 | -48.6% |
| Profit (loss) carried forward | 14 | €49,056 | €25,229 | -€23,827 | -48.6% |
| Amounts payable | 17/49 | €1,439 | €116,353 | +€114,914 | +7,986% |
| Amounts payable within one year | 42/48 | €1,439 | €116,353 | +€114,914 | +7,986% |
| Trade debts | 44 | €1,439 | €116,353 | +€114,914 | +7,986% |
| Suppliers | 440/4 | €1,439 | €116,353 | +€114,914 | +7,986% |
| Turnover | 70 | €98,227 | - | -€98,227 | |
| Goods, raw materials, services and sundry goods | 60/61 | €98,026 | €90,938 | -€7,088 | -7.2% |
| Other operating charges | 640/8 | €476 | €824 | +€348 | +73.1% |
| Gross operating margin | 9900 | €201 | €32,652 | +€32,451 | +16,145% |
| Operating profit (loss) | 9901 | -€275 | €31,828 | +€32,103 | |
| Financial charges | 65/66B | €10 | - | -€10 | |
| Recurring financial charges | 65 | €10 | - | -€10 | |
| Profit (loss) for the period before taxes | 9903 | -€285 | €31,828 | +€32,113 | |
| Income taxes | 67/77 | - | €6,599 | +€6,599 | |
| Profit (loss) for the period | 9904 | -€285 | €25,229 | +€25,514 | |
| Profit (loss) for the period to be appropriated | 9905 | -€285 | €25,229 | +€25,514 |
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 25 October 2026 via checked.be.