SOWATECHNICS: 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.
SOWATECHNICS
Largest movements
- Receivables within one year +€68,492
up €68,492 (+48.4%), from €141,553 to €210,046
of which Other amounts receivable: +€54,681
- Cash -€7,736
down €7,736 (-66.8%), from €11,585 to €3,849
mainly Receivables within one year (-€68,492) and Trade debts (-€7,305)
- Reserves +€50,000
up €50,000 (+17,835%), from €280 to €50,280
- Tax, wage and social debts +€16,836
up €16,836 (+449%), from €3,746 to €20,583
of which Taxes: +€20,583
- Trade debts -€7,305
down €7,305 (-37.8%), from €19,309 to €12,004
- Profit (loss) carried forward +€3,512
up €3,512 (+5.4%), from €65,240 to €68,752
- Taxes -€20,234
down €20,234 (-49.6%), from €40,817 to €20,583
- Financial income +€7,523
up €7,523 (+256%), from €2,939 to €10,462
- Gross operating margin -€6,035
down €6,035 (-7.4%), from €81,962 to €75,927
- Financial charges -€4,439
down €4,439 (-87.7%), from €5,064 to €624
- Other operating charges +€2,988
up €2,988 (+47.1%), from €6,345 to €9,333
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,552 | €220,062 | +€61,510 | +38.8% |
| Fixed assets | 21/28 | €5,414 | €6,168 | +€754 | +13.9% |
| Tangible fixed assets | 22/27 | €5,414 | €4,668 | -€746 | -13.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €611 | €1,567 | +€956 | +156% |
| Other tangible fixed assets | 26 | €4,803 | €3,102 | -€1,702 | -35.4% |
| Financial fixed assets | 28 | €0 | €1,500 | +€1,500 | |
| Current assets | 29/58 | €153,138 | €213,894 | +€60,756 | +39.7% |
| Amounts receivable within one year | 40/41 | €141,553 | €210,046 | +€68,492 | +48.4% |
| Trade receivables | 40 | €21,831 | €35,642 | +€13,811 | +63.3% |
| Other amounts receivable | 41 | €119,722 | €174,404 | +€54,681 | +45.7% |
| Cash at bank and in hand | 54/58 | €11,585 | €3,849 | -€7,736 | -66.8% |
| Total equity and liabilities | 10/49 | €158,552 | €220,062 | +€61,510 | +38.8% |
| Equity | 10/15 | €84,112 | €137,624 | +€53,512 | +63.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €280 | €50,280 | +€50,000 | +17,835% |
| Non-distributable reserves | 130/1 | €280 | €50,280 | +€50,000 | +17,835% |
| Reserves not available under the articles | 1311 | €280 | €280 | = | 0.0% |
| Other | 1319 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | €65,240 | €68,752 | +€3,512 | +5.4% |
| Amounts payable | 17/49 | €74,440 | €82,438 | +€7,998 | +10.7% |
| Amounts payable within one year | 42/48 | €73,397 | €81,008 | +€7,611 | +10.4% |
| Trade debts | 44 | €19,309 | €12,004 | -€7,305 | -37.8% |
| Suppliers | 440/4 | €19,309 | €12,004 | -€7,305 | -37.8% |
| Advances received on contracts in progress | 46 | €5,000 | €5,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,746 | €20,583 | +€16,836 | +449% |
| Taxes | 450/3 | €0 | €20,583 | +€20,583 | |
| Remuneration and social security | 454/9 | €3,746 | €0 | -€3,746 | -100% |
| Other amounts payable | 47/48 | €45,342 | €43,421 | -€1,921 | -4.2% |
| Accrued charges and deferred income | 492/3 | €1,043 | €1,430 | +€387 | +37.2% |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,901 | €2,337 | -€1,564 | -40.1% |
| Other operating charges | 640/8 | €6,345 | €9,333 | +€2,988 | +47.1% |
| Non-recurring operating charges | 66A | €473 | €0 | -€473 | -100% |
| Gross operating margin | 9900 | €81,962 | €75,927 | -€6,035 | -7.4% |
| Operating profit (loss) | 9901 | €71,244 | €64,257 | -€6,986 | -9.8% |
| Financial income | 75/76B | €2,939 | €10,462 | +€7,523 | +256% |
| Recurring financial income | 75 | €2,939 | €10,462 | +€7,523 | +256% |
| Financial charges | 65/66B | €5,064 | €624 | -€4,439 | -87.7% |
| Recurring financial charges | 65 | €5,064 | €624 | -€4,439 | -87.7% |
| Profit (loss) for the period before taxes | 9903 | €69,119 | €74,095 | +€4,976 | +7.2% |
| Income taxes | 67/77 | €40,817 | €20,583 | -€20,234 | -49.6% |
| Profit (loss) for the period | 9904 | €28,302 | €53,512 | +€25,210 | +89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,302 | €53,512 | +€25,210 | +89.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.