SOWIN: 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.
SOWIN
Largest movements
- Cash +€88,270
up €88,270 (+63.4%), from €139,332 to €227,602
mainly Other debts (+€131,950) and Net result for the year (+€99,762)
- Receivables within one year +€48,933
up €48,933 (+56.3%), from €86,889 to €135,821
of which Trade receivables: +€58,661
- Other debts +€131,950
up €131,950 (+159%), from €82,944 to €214,893
- Profit (loss) carried forward -€71,175
no longer reported in 2025 (was €71,175)
- Advances received +€39,317
up €39,317 (+477%), from €8,234 to €47,551
- Trade debts +€21,898
up €21,898 (+29.8%), from €73,409 to €95,307
- Tax, wage and social debts +€17,112
up €17,112 (+2,038%), from €840 to €17,951
- Gross operating margin +€92,355
up €92,355 (+202%), from €45,616 to €137,971
- Taxes +€20,252
up €20,252 (+227%), from €8,905 to €29,157
- Financial charges +€3,390
up €3,390 (+89.6%), from €3,786 to €7,176
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 | €239,101 | €378,203 | +€139,102 | +58.2% |
| Fixed assets | 21/28 | €9,198 | €9,725 | +€527 | +5.7% |
| Tangible fixed assets | 22/27 | €8,835 | €9,362 | +€527 | +6.0% |
| Furniture and vehicles | 24 | €719 | €1,602 | +€883 | +123% |
| Other tangible fixed assets | 26 | €8,116 | €7,759 | -€356 | -4.4% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €229,903 | €368,478 | +€138,575 | +60.3% |
| Amounts receivable within one year | 40/41 | €86,889 | €135,821 | +€48,933 | +56.3% |
| Trade receivables | 40 | €74,081 | €132,742 | +€58,661 | +79.2% |
| Other amounts receivable | 41 | €12,807 | €3,079 | -€9,729 | -76.0% |
| Cash at bank and in hand | 54/58 | €139,332 | €227,602 | +€88,270 | +63.4% |
| Deferred charges and accrued income | 490/1 | €3,683 | €5,055 | +€1,372 | +37.2% |
| Total equity and liabilities | 10/49 | €239,101 | €378,203 | +€139,102 | +58.2% |
| Equity | 10/15 | €73,675 | €2,500 | -€71,175 | -96.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,175 | - | -€71,175 | |
| Amounts payable | 17/49 | €165,427 | €375,703 | +€210,276 | +127% |
| Amounts payable within one year | 42/48 | €165,427 | €375,703 | +€210,276 | +127% |
| Trade debts | 44 | €73,409 | €95,307 | +€21,898 | +29.8% |
| Suppliers | 440/4 | €73,409 | €95,307 | +€21,898 | +29.8% |
| Advances received on contracts in progress | 46 | €8,234 | €47,551 | +€39,317 | +477% |
| Taxes, remuneration and social security | 45 | €840 | €17,951 | +€17,112 | +2,038% |
| Taxes | 450/3 | €840 | €17,951 | +€17,112 | +2,038% |
| Other amounts payable | 47/48 | €82,944 | €214,893 | +€131,950 | +159% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,185 | €1,518 | +€334 | +28.2% |
| Other operating charges | 640/8 | €87 | €420 | +€333 | +382% |
| Gross operating margin | 9900 | €45,616 | €137,971 | +€92,355 | +202% |
| Operating profit (loss) | 9901 | €44,344 | €136,032 | +€91,688 | +207% |
| Financial income | 75/76B | €42 | €62 | +€20 | +47.4% |
| Recurring financial income | 75 | €42 | €62 | +€20 | +47.4% |
| Financial charges | 65/66B | €3,786 | €7,176 | +€3,390 | +89.6% |
| Recurring financial charges | 65 | €3,786 | €7,176 | +€3,390 | +89.6% |
| Profit (loss) for the period before taxes | 9903 | €40,601 | €128,919 | +€88,318 | +218% |
| Income taxes | 67/77 | €8,905 | €29,157 | +€20,252 | +227% |
| Profit (loss) for the period | 9904 | €31,696 | €99,762 | +€68,065 | +215% |
| Profit (loss) for the period to be appropriated | 9905 | €31,696 | €99,762 | +€68,065 | +215% |
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 21 October 2026 via checked.be.