SOWIESO: 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.
SOWIESO
Largest movements
- Stocks and contracts -€480,050
down €480,050 (-24.6%), from €1.9m to €1.5m
- Receivables within one year +€121,158
new in 2025: €121,158
- Cash +€81,458
up €81,458 (+1,568%), from €5,195 to €86,653
mainly Stocks and contracts (+€480,050) and Net result for the year (+€27,804)
- Short-term financial debts -€293,482
down €293,482 (-89.1%), from €329,532 to €36,050
- Debts after one year -€29,256
down €29,256 (-3.5%), from €847,266 to €818,009
- Reserves +€27,804
up €27,804 (+28.8%), from €96,551 to €124,355
- Gross operating margin +€31,380
up €31,380 (+47.0%), from €66,718 to €98,098
- Taxes +€7,249
up €7,249 (+228%), from €3,177 to €10,427
- Financial charges +€4,361
up €4,361 (+13.4%), from €32,641 to €37,002
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 | €2,490,198 | €2,194,004 | -€296,194 | -11.9% |
| Fixed assets | 21/28 | €532,363 | €515,041 | -€17,322 | -3.3% |
| Tangible fixed assets | 22/27 | €532,363 | €515,041 | -€17,322 | -3.3% |
| Land and buildings | 22 | €532,363 | €515,041 | -€17,322 | -3.3% |
| Current assets | 29/58 | €1,957,836 | €1,678,963 | -€278,873 | -14.2% |
| Stocks and contracts in progress | 3 | €1,949,188 | €1,469,138 | -€480,050 | -24.6% |
| Stocks | 30/36 | €1,949,188 | €1,469,138 | -€480,050 | -24.6% |
| Amounts receivable within one year | 40/41 | - | €121,158 | +€121,158 | |
| Other amounts receivable | 41 | - | €121,158 | +€121,158 | |
| Cash at bank and in hand | 54/58 | €5,195 | €86,653 | +€81,458 | +1,568% |
| Deferred charges and accrued income | 490/1 | €3,453 | €2,014 | -€1,439 | -41.7% |
| Total equity and liabilities | 10/49 | €2,490,198 | €2,194,004 | -€296,194 | -11.9% |
| Equity | 10/15 | €126,551 | €154,355 | +€27,804 | +22.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €96,551 | €124,355 | +€27,804 | +28.8% |
| Distributable reserves | 133 | €96,551 | €124,355 | +€27,804 | +28.8% |
| Amounts payable | 17/49 | €2,363,647 | €2,039,649 | -€323,998 | -13.7% |
| Amounts payable after more than one year | 17 | €847,266 | €818,009 | -€29,256 | -3.5% |
| Financial debts | 170/4 | €847,266 | €818,009 | -€29,256 | -3.5% |
| Amounts payable within one year | 42/48 | €1,508,800 | €1,211,306 | -€297,494 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €28,821 | €29,256 | +€435 | +1.5% |
| Financial debts | 43 | €329,532 | €36,050 | -€293,482 | -89.1% |
| Credit institutions | 430/8 | €329,532 | €36,050 | -€293,482 | -89.1% |
| Trade debts | 44 | €1,270 | - | -€1,270 | |
| Suppliers | 440/4 | €1,270 | - | -€1,270 | |
| Taxes, remuneration and social security | 45 | €3,177 | - | -€3,177 | |
| Taxes | 450/3 | €3,177 | - | -€3,177 | |
| Other amounts payable | 47/48 | €1,146,000 | €1,146,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €7,582 | €10,333 | +€2,751 | +36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,322 | €17,322 | = | 0.0% |
| Other operating charges | 640/8 | €5,106 | €5,543 | +€437 | +8.6% |
| Gross operating margin | 9900 | €66,718 | €98,098 | +€31,380 | +47.0% |
| Operating profit (loss) | 9901 | €44,291 | €75,233 | +€30,942 | +69.9% |
| Financial charges | 65/66B | €32,641 | €37,002 | +€4,361 | +13.4% |
| Recurring financial charges | 65 | €32,641 | €37,002 | +€4,361 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €11,649 | €38,231 | +€26,581 | +228% |
| Income taxes | 67/77 | €3,177 | €10,427 | +€7,249 | +228% |
| Profit (loss) for the period | 9904 | €8,472 | €27,804 | +€19,332 | +228% |
| Profit (loss) for the period to be appropriated | 9905 | €8,472 | €27,804 | +€19,332 | +228% |
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 22 October 2026 via checked.be.