SOWATO: 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.
SOWATO
Largest movements
- Current investments -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Cash +€115,483
up €115,483 (+163.3%), from €70,731 to €186,214
mainly Current investments (+€200,000) and Net result for the year (+€40,786)
- Receivables within one year +€87,160
up €87,160 (+25.3%), from €344,280 to €431,440
of which Other amounts receivable: +€105,011
- Tangible fixed assets +€9,286
up €9,286 (+9.7%), from €95,395 to €104,681
of which Land and buildings: +€9,349
- Profit (loss) carried forward +€40,786
up €40,786 (+55.4%), from €73,621 to €114,407
- Tax, wage and social debts -€14,136
down €14,136 (-35.7%), from €39,598 to €25,463
of which Taxes: -€15,112
- Other debts -€10,710
down €10,710 (-100.0%), from €10,710 to €0
- Gross operating margin +€20,131
up €20,131 (+34.8%), from €57,877 to €78,008
- Taxes +€3,040
up €3,040 (+20.3%), from €14,999 to €18,039
- Financial income +€2,550
up €2,550 (+12.2%), from €20,900 to €23,450
- Depreciation +€1,609
up €1,609 (+10.2%), from €15,705 to €17,314
- Staff costs +€809
up €809 (+3.9%), from €20,907 to €21,715
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 | €783,591 | €794,814 | +€11,223 | +1.4% |
| Fixed assets | 21/28 | €166,623 | €175,909 | +€9,286 | +5.6% |
| Tangible fixed assets | 22/27 | €95,395 | €104,681 | +€9,286 | +9.7% |
| Land and buildings | 22 | €95,332 | €104,681 | +€9,349 | +9.8% |
| Plant, machinery and equipment | 23 | €63 | €0 | -€63 | -100.0% |
| Financial fixed assets | 28 | €71,228 | €71,228 | = | 0.0% |
| Current assets | 29/58 | €616,967 | €618,905 | +€1,937 | +0.3% |
| Amounts receivable within one year | 40/41 | €344,280 | €431,440 | +€87,160 | +25.3% |
| Trade receivables | 40 | €19,052 | €1,200 | -€17,852 | -93.7% |
| Other amounts receivable | 41 | €325,228 | €430,240 | +€105,011 | +32.3% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €70,731 | €186,214 | +€115,483 | +163.3% |
| Deferred charges and accrued income | 490/1 | €1,956 | €1,251 | -€705 | -36.1% |
| Total equity and liabilities | 10/49 | €783,591 | €794,814 | +€11,223 | +1.4% |
| Equity | 10/15 | €727,325 | €768,111 | +€40,786 | +5.6% |
| Contributions | 10/11 | €147,820 | €147,820 | = | 0.0% |
| Reserves | 13 | €505,884 | €505,884 | = | 0.0% |
| Distributable reserves | 133 | €505,884 | €505,884 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,621 | €114,407 | +€40,786 | +55.4% |
| Amounts payable | 17/49 | €56,266 | €26,702 | -€29,563 | -52.5% |
| Amounts payable within one year | 42/48 | €56,120 | €25,702 | -€30,417 | -54.2% |
| Trade debts | 44 | €5,812 | €240 | -€5,572 | -95.9% |
| Suppliers | 440/4 | €5,812 | €240 | -€5,572 | -95.9% |
| Taxes, remuneration and social security | 45 | €39,598 | €25,463 | -€14,136 | -35.7% |
| Taxes | 450/3 | €36,845 | €21,734 | -€15,112 | -41.0% |
| Remuneration and social security | 454/9 | €2,753 | €3,729 | +€976 | +35.5% |
| Other amounts payable | 47/48 | €10,710 | €0 | -€10,710 | -100.0% |
| Accrued charges and deferred income | 492/3 | €146 | €1,000 | +€854 | +585.0% |
| Remuneration, social security and pensions | 62 | €20,907 | €21,715 | +€809 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,705 | €17,314 | +€1,609 | +10.2% |
| Other operating charges | 640/8 | €2,692 | €2,776 | +€85 | +3.1% |
| Gross operating margin | 9900 | €57,877 | €78,008 | +€20,131 | +34.8% |
| Operating profit (loss) | 9901 | €18,573 | €36,202 | +€17,629 | +94.9% |
| Financial income | 75/76B | €20,900 | €23,450 | +€2,550 | +12.2% |
| Recurring financial income | 75 | €20,900 | €23,450 | +€2,550 | +12.2% |
| Financial charges | 65/66B | €582 | €827 | +€245 | +42.2% |
| Recurring financial charges | 65 | €582 | €827 | +€245 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | €38,891 | €58,825 | +€19,934 | +51.3% |
| Income taxes | 67/77 | €14,999 | €18,039 | +€3,040 | +20.3% |
| Profit (loss) for the period | 9904 | €23,892 | €40,786 | +€16,894 | +70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,892 | €40,786 | +€16,894 | +70.7% |
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 6 October 2026 via checked.be.