SOWECO: 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.
SOWECO
Largest movements
- Current investments -€46,105
down €46,105 (-94.5%), from €48,790 to €2,685
- Cash +€44,009
up €44,009 (+54.5%), from €80,705 to €124,714
mainly Net result for the year (+€51,675) and Current investments (+€46,105)
- Receivables within one year -€22,087
down €22,087 (-61.7%), from €35,781 to €13,694
- Tangible fixed assets +€2,920
up €2,920 (+100.1%), from €2,917 to €5,837
- Other debts -€44,984
down €44,984 (-52.0%), from €86,497 to €41,513
- Tax, wage and social debts +€12,541
up €12,541 (+117.2%), from €10,701 to €23,242
- Reserves +€10,000
up €10,000 (+24.6%), from €40,573 to €50,573
of which Distributable reserves: +€10,000
- Taxes +€19,000
new in 2025: €19,000
- Financial income +€12,125
new in 2025: €12,125
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 | €169,930 | €148,793 | -€21,137 | -12.4% |
| Fixed assets | 21/28 | €2,977 | €5,897 | +€2,920 | +98.1% |
| Tangible fixed assets | 22/27 | €2,917 | €5,837 | +€2,920 | +100.1% |
| Furniture and vehicles | 24 | €2,917 | €5,837 | +€2,920 | +100.1% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €166,953 | €142,896 | -€24,057 | -14.4% |
| Amounts receivable within one year | 40/41 | €35,781 | €13,694 | -€22,087 | -61.7% |
| Trade receivables | 40 | €35,781 | €13,694 | -€22,087 | -61.7% |
| Current investments | 50/53 | €48,790 | €2,685 | -€46,105 | -94.5% |
| Cash at bank and in hand | 54/58 | €80,705 | €124,714 | +€44,009 | +54.5% |
| Deferred charges and accrued income | 490/1 | €1,677 | €1,803 | +€126 | +7.5% |
| Total equity and liabilities | 10/49 | €169,930 | €148,793 | -€21,137 | -12.4% |
| Equity | 10/15 | €69,131 | €80,806 | +€11,675 | +16.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €40,573 | €50,573 | +€10,000 | +24.6% |
| Tax-exempt reserves | 132 | €573 | €573 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Profit (loss) carried forward | 14 | €20,498 | €22,173 | +€1,675 | +8.2% |
| Amounts payable | 17/49 | €100,799 | €67,987 | -€32,812 | -32.6% |
| Amounts payable within one year | 42/48 | €100,799 | €67,987 | -€32,812 | -32.6% |
| Trade debts | 44 | €3,601 | €3,232 | -€369 | -10.2% |
| Suppliers | 440/4 | €3,601 | €3,232 | -€369 | -10.2% |
| Taxes, remuneration and social security | 45 | €10,701 | €23,242 | +€12,541 | +117.2% |
| Taxes | 450/3 | €10,701 | €23,242 | +€12,541 | +117.2% |
| Other amounts payable | 47/48 | €86,497 | €41,513 | -€44,984 | -52.0% |
| Remuneration, social security and pensions | 62 | - | €140 | +€140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,787 | €2,231 | +€444 | +24.8% |
| Other operating charges | 640/8 | €1,215 | €662 | -€553 | -45.5% |
| Non-recurring operating charges | 66A | - | €108 | +€108 | |
| Gross operating margin | 9900 | €62,527 | €61,965 | -€562 | -0.9% |
| Operating profit (loss) | 9901 | €59,525 | €58,824 | -€701 | -1.2% |
| Financial income | 75/76B | - | €12,125 | +€12,125 | |
| Recurring financial income | 75 | - | €12,125 | +€12,125 | |
| Financial charges | 65/66B | €120 | €274 | +€154 | +128.3% |
| Recurring financial charges | 65 | €120 | €274 | +€154 | +128.3% |
| Profit (loss) for the period before taxes | 9903 | €59,405 | €70,675 | +€11,270 | +19.0% |
| Income taxes | 67/77 | - | €19,000 | +€19,000 | |
| Profit (loss) for the period | 9904 | €59,405 | €51,675 | -€7,730 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,405 | €51,675 | -€7,730 | -13.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.