SOWAPIMMO: 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.
SOWAPIMMO
Largest movements
- Financial fixed assets +€1.2m
new in 2025: €1.2m
- Cash +€129,827
up €129,827 (+594.0%), from €21,856 to €151,683
mainly Other debts (+€1.3m) and Depreciation (+€61,919)
- Receivables within one year +€63,035
new in 2025: €63,035
of which Other amounts receivable: +€45,000
- Tangible fixed assets -€61,077
down €61,077 (-4.3%), from €1.4m to €1.4m
- Other debts +€1.3m
up €1.3m (+269.3%), from €500,000 to €1.8m
- Profit (loss) carried forward -€36,618
down €36,618 (-82.1%), from -€44,602 to -€81,220
- Financial charges +€7,686
up €7,686 (+28.9%), from €26,578 to €34,264
- Gross operating margin +€7,277
up €7,277 (+10.5%), from €69,448 to €76,725
- Other operating charges +€856
up €856 (+5.3%), from €16,304 to €17,160
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 | €1,459,028 | €2,770,612 | +€1.3m | +89.9% |
| Formation expenses | 20 | €1,512 | €669 | -€843 | -55.8% |
| Fixed assets | 21/28 | €1,431,926 | €2,550,849 | +€1.1m | +78.1% |
| Tangible fixed assets | 22/27 | €1,431,926 | €1,370,849 | -€61,077 | -4.3% |
| Land and buildings | 22 | €1,431,926 | €1,370,849 | -€61,077 | -4.3% |
| Financial fixed assets | 28 | - | €1,180,000 | +€1.2m | |
| Current assets | 29/58 | €25,590 | €219,094 | +€193,504 | +756.2% |
| Amounts receivable within one year | 40/41 | - | €63,035 | +€63,035 | |
| Trade receivables | 40 | - | €18,035 | +€18,035 | |
| Other amounts receivable | 41 | - | €45,000 | +€45,000 | |
| Cash at bank and in hand | 54/58 | €21,856 | €151,683 | +€129,827 | +594.0% |
| Deferred charges and accrued income | 490/1 | €3,734 | €4,376 | +€642 | +17.2% |
| Total equity and liabilities | 10/49 | €1,459,028 | €2,770,612 | +€1.3m | +89.9% |
| Equity | 10/15 | €955,398 | €918,780 | -€36,618 | -3.8% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,602 | -€81,220 | -€36,618 | -82.1% |
| Amounts payable | 17/49 | €503,630 | €1,851,832 | +€1.3m | +267.7% |
| Amounts payable within one year | 42/48 | €503,630 | €1,851,832 | +€1.3m | +267.7% |
| Trade debts | 44 | €3,630 | €5,190 | +€1,560 | +43.0% |
| Suppliers | 440/4 | €3,630 | €5,190 | +€1,560 | +43.0% |
| Other amounts payable | 47/48 | €500,000 | €1,846,642 | +€1.3m | +269.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,919 | €61,919 | = | 0.0% |
| Other operating charges | 640/8 | €16,304 | €17,160 | +€856 | +5.3% |
| Gross operating margin | 9900 | €69,448 | €76,725 | +€7,277 | +10.5% |
| Operating profit (loss) | 9901 | -€8,775 | -€2,354 | +€6,421 | +73.2% |
| Financial charges | 65/66B | €26,578 | €34,264 | +€7,686 | +28.9% |
| Recurring financial charges | 65 | €26,578 | €34,264 | +€7,686 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | -€35,353 | -€36,618 | -€1,265 | -3.6% |
| Profit (loss) for the period | 9904 | -€35,353 | -€36,618 | -€1,265 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,353 | -€36,618 | -€1,265 | -3.6% |
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 2 October 2026 via checked.be.