SoWatt: 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.
SoWatt
Largest movements
- Receivables within one year -€8,233
down €8,233 (-26.1%), from €31,496 to €23,263
of which Trade receivables: -€8,853
- Cash -€5,147
down €5,147 (-38.4%), from €13,403 to €8,256
mainly Net result for the year (-€14,484) and Tax, wage and social debts (-€3,572)
- Tangible fixed assets -€4,205
down €4,205 (-68.4%), from €6,146 to €1,941
of which Furniture and vehicles: -€3,064
- Reserves -€14,484
down €14,484 (-34.9%), from €41,522 to €27,038
- Tax, wage and social debts -€3,572
down €3,572 (-100%), from €3,572 to €0
- Gross operating margin -€10,170
down €10,170 (-1,487%), from -€684 to -€10,854
- Financial income +€1,128
up €1,128, from €0 to €1,128
- Depreciation -€264
down €264 (-5.9%), from €4,469 to €4,205
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 | €51,187 | €33,461 | -€17,726 | -34.6% |
| Fixed assets | 21/28 | €6,146 | €1,941 | -€4,205 | -68.4% |
| Tangible fixed assets | 22/27 | €6,146 | €1,941 | -€4,205 | -68.4% |
| Plant, machinery and equipment | 23 | €3,082 | €1,941 | -€1,141 | -37.0% |
| Furniture and vehicles | 24 | €3,064 | €0 | -€3,064 | -100% |
| Current assets | 29/58 | €45,041 | €31,520 | -€13,521 | -30.0% |
| Amounts receivable within one year | 40/41 | €31,496 | €23,263 | -€8,233 | -26.1% |
| Trade receivables | 40 | €10,643 | €1,791 | -€8,853 | -83.2% |
| Other amounts receivable | 41 | €20,853 | €21,473 | +€619 | +3.0% |
| Cash at bank and in hand | 54/58 | €13,403 | €8,256 | -€5,147 | -38.4% |
| Deferred charges and accrued income | 490/1 | €141 | €0 | -€141 | -100% |
| Total equity and liabilities | 10/49 | €51,187 | €33,461 | -€17,726 | -34.6% |
| Equity | 10/15 | €46,522 | €32,038 | -€14,484 | -31.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €41,522 | €27,038 | -€14,484 | -34.9% |
| Distributable reserves | 133 | €41,522 | €27,038 | -€14,484 | -34.9% |
| Amounts payable | 17/49 | €4,666 | €1,423 | -€3,243 | -69.5% |
| Amounts payable within one year | 42/48 | €4,666 | €1,423 | -€3,243 | -69.5% |
| Trade debts | 44 | €1,093 | €1,423 | +€330 | +30.2% |
| Suppliers | 440/4 | €1,093 | €1,423 | +€330 | +30.2% |
| Taxes, remuneration and social security | 45 | €3,572 | €0 | -€3,572 | -100% |
| Taxes | 450/3 | €3,572 | €0 | -€3,572 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,469 | €4,205 | -€264 | -5.9% |
| Other operating charges | 640/8 | €351 | €261 | -€90 | -25.6% |
| Gross operating margin | 9900 | -€684 | -€10,854 | -€10,170 | -1,487% |
| Operating profit (loss) | 9901 | -€5,504 | -€15,320 | -€9,816 | -178% |
| Financial income | 75/76B | €0 | €1,128 | +€1,128 | |
| Recurring financial income | 75 | €0 | €1,128 | +€1,128 | |
| Financial charges | 65/66B | €200 | €292 | +€91 | +45.6% |
| Recurring financial charges | 65 | €200 | €292 | +€91 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,705 | -€14,484 | -€8,779 | -154% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€5,705 | -€14,484 | -€8,779 | -154% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,705 | -€14,484 | -€8,779 | -154% |
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 31 October 2026 via checked.be.