SOWA TRADING: 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.
SOWA TRADING
Largest movements
- Tangible fixed assets -€18,374
down €18,374 (-58.1%), from €31,649 to €13,275
of which Plant, machinery and equipment: -€15,792
- Receivables within one year +€6,595
up €6,595 (+27.3%), from €24,127 to €30,722
of which Trade receivables: +€6,779
- Cash -€4,170
down €4,170 (-10.1%), from €41,115 to €36,945
mainly Net result for the year (-€18,795) and Receivables within one year (-€6,595)
- Stocks and contracts -€3,044
down €3,044 (-7.3%), from €41,827 to €38,783
- Profit (loss) carried forward -€18,795
down €18,795 (-14.9%), from -€125,719 to -€144,514
- Trade debts -€2,252
down €2,252 (-3.5%), from €63,873 to €61,620
- Tax, wage and social debts +€1,918
up €1,918 (+6.2%), from €30,944 to €32,862
of which Taxes: +€1,635
- Staff costs +€32,959
up €32,959 (+13.1%), from €251,161 to €284,121
- Depreciation -€3,567
down €3,567 (-16.3%), from €21,941 to €18,374
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 | €152,628 | €133,500 | -€19,129 | -12.5% |
| Fixed assets | 21/28 | €41,420 | €23,046 | -€18,374 | -44.4% |
| Tangible fixed assets | 22/27 | €31,649 | €13,275 | -€18,374 | -58.1% |
| Plant, machinery and equipment | 23 | €29,068 | €13,275 | -€15,792 | -54.3% |
| Furniture and vehicles | 24 | €2,582 | - | -€2,582 | |
| Financial fixed assets | 28 | €9,771 | €9,771 | = | 0.0% |
| Current assets | 29/58 | €111,209 | €110,454 | -€755 | -0.7% |
| Stocks and contracts in progress | 3 | €41,827 | €38,783 | -€3,044 | -7.3% |
| Stocks | 30/36 | €41,827 | €38,783 | -€3,044 | -7.3% |
| Amounts receivable within one year | 40/41 | €24,127 | €30,722 | +€6,595 | +27.3% |
| Trade receivables | 40 | €23,943 | €30,722 | +€6,779 | +28.3% |
| Other amounts receivable | 41 | €184 | - | -€184 | |
| Cash at bank and in hand | 54/58 | €41,115 | €36,945 | -€4,170 | -10.1% |
| Deferred charges and accrued income | 490/1 | €4,139 | €4,004 | -€136 | -3.3% |
| Total equity and liabilities | 10/49 | €152,628 | €133,500 | -€19,129 | -12.5% |
| Equity | 10/15 | €57,812 | €39,018 | -€18,795 | -32.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €164,939 | €164,939 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €144,330 | €144,330 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,719 | -€144,514 | -€18,795 | -14.9% |
| Amounts payable | 17/49 | €94,816 | €94,482 | -€334 | -0.4% |
| Amounts payable within one year | 42/48 | €94,816 | €94,482 | -€334 | -0.4% |
| Trade debts | 44 | €63,873 | €61,620 | -€2,252 | -3.5% |
| Suppliers | 440/4 | €63,873 | €61,620 | -€2,252 | -3.5% |
| Taxes, remuneration and social security | 45 | €30,944 | €32,862 | +€1,918 | +6.2% |
| Taxes | 450/3 | €3,784 | €5,419 | +€1,635 | +43.2% |
| Remuneration and social security | 454/9 | €27,160 | €27,443 | +€283 | +1.0% |
| Remuneration, social security and pensions | 62 | €251,161 | €284,121 | +€32,959 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,941 | €18,374 | -€3,567 | -16.3% |
| Other operating charges | 640/8 | €2,542 | €2,688 | +€145 | +5.7% |
| Gross operating margin | 9900 | €290,497 | €287,851 | -€2,646 | -0.9% |
| Operating profit (loss) | 9901 | €14,852 | -€17,331 | -€32,183 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €1,011 | €1,467 | +€455 | +45.1% |
| Recurring financial charges | 65 | €1,011 | €1,467 | +€455 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | €13,841 | -€18,795 | -€32,635 | |
| Profit (loss) for the period | 9904 | €13,841 | -€18,795 | -€32,635 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,841 | -€18,795 | -€32,635 |
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 27 October 2026 via checked.be.