SoWeDo: 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.
SoWeDo
Largest movements
- Cash +€26,507
up €26,507 (+24.1%), from €110,200 to €136,707
mainly Tax, wage and social debts (+€14,299) and Accrued charges and deferred income (+€11,850)
- Tangible fixed assets -€1,916
down €1,916 (-19.8%), from €9,695 to €7,779
of which Furniture and vehicles: -€1,916
- Tax, wage and social debts +€14,299
up €14,299 (+173.3%), from €8,252 to €22,551
of which Remuneration and social security: +€10,926
- Accrued charges and deferred income +€11,850
up €11,850 (+83.7%), from €14,150 to €26,000
- Trade debts +€8,268
up €8,268 (+936.3%), from €883 to €9,151
- Other debts -€7,158
down €7,158 (-89.6%), from €7,991 to €833
- Profit (loss) carried forward -€2,830
down €2,830 (-7.3%), from €38,534 to €35,704
- Staff costs +€13,389
up €13,389 (+17.0%), from €78,576 to €91,965
- Gross operating margin -€8,228
down €8,228 (-8.0%), from €102,565 to €94,338
- Taxes -€5,967
down €5,967 (-94.0%), from €6,349 to €382
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 | €154,188 | €178,567 | +€24,379 | +15.8% |
| Fixed assets | 21/28 | €9,810 | €7,894 | -€1,916 | -19.5% |
| Tangible fixed assets | 22/27 | €9,695 | €7,779 | -€1,916 | -19.8% |
| Furniture and vehicles | 24 | €7,895 | €5,979 | -€1,916 | -24.3% |
| Other tangible fixed assets | 26 | €1,800 | €1,800 | = | 0.0% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €144,378 | €170,674 | +€26,296 | +18.2% |
| Amounts receivable within one year | 40/41 | €34,178 | €33,303 | -€875 | -2.6% |
| Trade receivables | 40 | €33,746 | €28,149 | -€5,598 | -16.6% |
| Other amounts receivable | 41 | €432 | €5,154 | +€4,722 | +1093.4% |
| Cash at bank and in hand | 54/58 | €110,200 | €136,707 | +€26,507 | +24.1% |
| Deferred charges and accrued income | 490/1 | - | €664 | +€664 | |
| Total equity and liabilities | 10/49 | €154,188 | €178,567 | +€24,379 | +15.8% |
| Equity | 10/15 | €122,863 | €120,033 | -€2,830 | -2.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €71,929 | €71,929 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,210 | €4,210 | = | 0.0% |
| Distributable reserves | 133 | €67,719 | €67,719 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,534 | €35,704 | -€2,830 | -7.3% |
| Amounts payable | 17/49 | €31,325 | €58,535 | +€27,210 | +86.9% |
| Amounts payable within one year | 42/48 | €17,175 | €32,535 | +€15,360 | +89.4% |
| Trade debts | 44 | €883 | €9,151 | +€8,268 | +936.3% |
| Suppliers | 440/4 | €883 | €9,151 | +€8,268 | +936.3% |
| Advances received on contracts in progress | 46 | €50 | - | -€50 | |
| Taxes, remuneration and social security | 45 | €8,252 | €22,551 | +€14,299 | +173.3% |
| Taxes | 450/3 | €6,826 | €10,199 | +€3,373 | +49.4% |
| Remuneration and social security | 454/9 | €1,426 | €12,352 | +€10,926 | +766.4% |
| Other amounts payable | 47/48 | €7,991 | €833 | -€7,158 | -89.6% |
| Accrued charges and deferred income | 492/3 | €14,150 | €26,000 | +€11,850 | +83.7% |
| Remuneration, social security and pensions | 62 | €78,576 | €91,965 | +€13,389 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,032 | €3,041 | +€9 | +0.3% |
| Other operating charges | 640/8 | €387 | €799 | +€411 | +106.2% |
| Gross operating margin | 9900 | €102,565 | €94,338 | -€8,228 | -8.0% |
| Operating profit (loss) | 9901 | €20,570 | -€1,467 | -€22,037 | |
| Financial income | 75/76B | - | €114 | +€114 | |
| Recurring financial income | 75 | - | €114 | +€114 | |
| Financial charges | 65/66B | €362 | €261 | -€100 | -27.7% |
| Recurring financial charges | 65 | €362 | €261 | -€100 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €20,209 | -€1,615 | -€21,824 | |
| Income taxes | 67/77 | €6,349 | €382 | -€5,967 | -94.0% |
| Profit (loss) for the period | 9904 | €13,860 | -€1,997 | -€15,857 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,860 | -€1,997 | -€15,857 |
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 9 October 2026 via checked.be.