SOWACON: 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.
SOWACON
Largest movements
- Cash -€16,760
down €16,760 (-48.5%), from €34,554 to €17,794
mainly Receivables within one year (-€12,449) and Tax, wage and social debts (-€10,459)
- Receivables within one year +€12,449
up €12,449 (+388.0%), from €3,208 to €15,657
of which Trade receivables: +€8,029
- Stocks and contracts +€1,980
up €1,980 (+59.3%), from €3,340 to €5,320
- Tangible fixed assets -€446
down €446 (-22.4%), from €1,995 to €1,548
- Tax, wage and social debts -€10,459
down €10,459 (-100.0%), from €10,459 to €0
- Reserves +€7,922
up €7,922 (+29.7%), from €26,714 to €34,637
- Trade debts -€488
down €488 (-95.4%), from €511 to €23
- Gross operating margin -€25,082
down €25,082 (-70.2%), from €35,733 to €10,651
- Taxes -€5,946
down €5,946 (-75.0%), from €7,930 to €1,985
- Other operating charges -€498
down €498 (-67.2%), from €742 to €243
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 | €43,097 | €40,319 | -€2,778 | -6.4% |
| Fixed assets | 21/28 | €1,995 | €1,548 | -€446 | -22.4% |
| Tangible fixed assets | 22/27 | €1,995 | €1,548 | -€446 | -22.4% |
| Plant, machinery and equipment | 23 | €1,995 | €1,548 | -€446 | -22.4% |
| Current assets | 29/58 | €41,102 | €38,771 | -€2,331 | -5.7% |
| Stocks and contracts in progress | 3 | €3,340 | €5,320 | +€1,980 | +59.3% |
| Stocks | 30/36 | €3,340 | €5,320 | +€1,980 | +59.3% |
| Amounts receivable within one year | 40/41 | €3,208 | €15,657 | +€12,449 | +388.0% |
| Trade receivables | 40 | €3,208 | €11,237 | +€8,029 | +250.3% |
| Other amounts receivable | 41 | - | €4,420 | +€4,420 | |
| Cash at bank and in hand | 54/58 | €34,554 | €17,794 | -€16,760 | -48.5% |
| Total equity and liabilities | 10/49 | €43,097 | €40,319 | -€2,778 | -6.4% |
| Equity | 10/15 | €31,714 | €39,637 | +€7,922 | +25.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,714 | €34,637 | +€7,922 | +29.7% |
| Distributable reserves | 133 | €26,714 | €34,637 | +€7,922 | +29.7% |
| Amounts payable | 17/49 | €11,382 | €682 | -€10,700 | -94.0% |
| Amounts payable within one year | 42/48 | €11,382 | €682 | -€10,700 | -94.0% |
| Trade debts | 44 | €511 | €23 | -€488 | -95.4% |
| Suppliers | 440/4 | €511 | €23 | -€488 | -95.4% |
| Taxes, remuneration and social security | 45 | €10,459 | €0 | -€10,459 | -100.0% |
| Taxes | 450/3 | €10,459 | €0 | -€10,459 | -100.0% |
| Other amounts payable | 47/48 | €411 | €659 | +€247 | +60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237 | €446 | +€209 | +88.1% |
| Other operating charges | 640/8 | €742 | €243 | -€498 | -67.2% |
| Gross operating margin | 9900 | €35,733 | €10,651 | -€25,082 | -70.2% |
| Operating profit (loss) | 9901 | €34,754 | €9,961 | -€24,793 | -71.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €109 | €54 | -€55 | -50.3% |
| Recurring financial charges | 65 | €109 | €54 | -€55 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €34,645 | €9,907 | -€24,738 | -71.4% |
| Income taxes | 67/77 | €7,930 | €1,985 | -€5,946 | -75.0% |
| Profit (loss) for the period | 9904 | €26,714 | €7,922 | -€18,792 | -70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,714 | €7,922 | -€18,792 | -70.3% |
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 7 October 2026 via checked.be.