SOWIBEL: 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.
SOWIBEL
Largest movements
- Intangible fixed assets -€1,667
down €1,667 (-19.7%), from €8,457 to €6,790
- Profit (loss) carried forward -€1,734
down €1,734 (-23.3%), from -€7,438 to -€9,172
- Purchases and services -€4,849
no longer reported in 2025 (was €4,849)
- Gross operating margin +€4,782
up €4,782 (+98.6%), from -€4,849 to -€67
- Depreciation -€903
down €903 (-35.1%), from €2,570 to €1,667
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,997 | €7,330 | -€1,667 | -18.5% |
| Fixed assets | 21/28 | €8,997 | €7,330 | -€1,667 | -18.5% |
| Intangible fixed assets | 21 | €8,457 | €6,790 | -€1,667 | -19.7% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Total equity and liabilities | 10/49 | €8,997 | €7,330 | -€1,667 | -18.5% |
| Equity | 10/15 | -€1,438 | -€3,172 | -€1,734 | -121% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,438 | -€9,172 | -€1,734 | -23.3% |
| Amounts payable | 17/49 | €10,434 | €10,501 | +€67 | +0.6% |
| Amounts payable within one year | 42/48 | €10,434 | €10,434 | = | 0.0% |
| Trade debts | 44 | €1,988 | €1,988 | = | 0.0% |
| Suppliers | 440/4 | €1,988 | €1,988 | = | 0.0% |
| Other amounts payable | 47/48 | €8,446 | €8,446 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €67 | +€67 | |
| Goods, raw materials, services and sundry goods | 60/61 | €4,849 | - | -€4,849 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,570 | €1,667 | -€903 | -35.1% |
| Gross operating margin | 9900 | -€4,849 | -€67 | +€4,782 | +98.6% |
| Operating profit (loss) | 9901 | -€7,419 | -€1,734 | +€5,686 | +76.6% |
| Financial charges | 65/66B | €19 | - | -€19 | |
| Recurring financial charges | 65 | €19 | - | -€19 | |
| Profit (loss) for the period before taxes | 9903 | -€7,438 | -€1,734 | +€5,704 | +76.7% |
| Profit (loss) for the period | 9904 | -€7,438 | -€1,734 | +€5,704 | +76.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,438 | -€1,734 | +€5,704 | +76.7% |
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 13 October 2026 via checked.be.