SOWO: what changed
Two fiscal 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.
SOWO
Largest movements
- Cash +€39,465
up €39,465 (+371.1%), from €10,635 to €50,100
mainly Net result for the year (+€36,462) and Receivables within one year (+€25,306)
- Receivables after one year +€27,848
new in 2025: €27,848
- Receivables within one year -€25,306
down €25,306 (-84.8%), from €29,848 to €4,542
- Reserves +€36,462
up €36,462 (+153.5%), from €23,760 to €60,222
- Current portion of long-term debt +€5,048
new in 2025: €5,048
- Gross operating margin +€17,068
up €17,068 (+56.4%), from €30,260 to €47,328
- Taxes +€3,315
up €3,315 (+55.7%), from €5,952 to €9,267
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 | €41,448 | €82,974 | +€41,527 | +100.2% |
| Fixed assets | 21/28 | €965 | €472 | -€493 | -51.0% |
| Tangible fixed assets | 22/27 | €965 | €472 | -€493 | -51.0% |
| Furniture and vehicles | 24 | €965 | €472 | -€493 | -51.0% |
| Current assets | 29/58 | €40,483 | €82,502 | +€42,019 | +103.8% |
| Amounts receivable after more than one year | 29 | - | €27,848 | +€27,848 | |
| Trade receivables | 290 | - | €27,848 | +€27,848 | |
| Amounts receivable within one year | 40/41 | €29,848 | €4,542 | -€25,306 | -84.8% |
| Other amounts receivable | 41 | €29,848 | €4,542 | -€25,306 | -84.8% |
| Cash at bank and in hand | 54/58 | €10,635 | €50,100 | +€39,465 | +371.1% |
| Deferred charges and accrued income | 490/1 | - | €12 | +€12 | |
| Total equity and liabilities | 10/49 | €41,448 | €82,974 | +€41,527 | +100.2% |
| Equity | 10/15 | €26,760 | €63,222 | +€36,462 | +136.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,760 | €60,222 | +€36,462 | +153.5% |
| Distributable reserves | 133 | €23,760 | €60,222 | +€36,462 | +153.5% |
| Amounts payable | 17/49 | €14,688 | €19,753 | +€5,065 | +34.5% |
| Amounts payable within one year | 42/48 | €14,688 | €19,753 | +€5,065 | +34.5% |
| Current portion of amounts payable after more than one year | 42 | - | €5,048 | +€5,048 | |
| Trade debts | 44 | €2,147 | €1,488 | -€660 | -30.7% |
| Suppliers | 440/4 | €2,147 | €1,488 | -€660 | -30.7% |
| Taxes, remuneration and social security | 45 | €12,341 | €12,364 | +€23 | +0.2% |
| Taxes | 450/3 | €12,341 | €12,364 | +€23 | +0.2% |
| Other amounts payable | 47/48 | €200 | €853 | +€653 | +326.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20 | €493 | +€472 | +2333.3% |
| Other operating charges | 640/8 | €527 | €692 | +€164 | +31.2% |
| Gross operating margin | 9900 | €30,260 | €47,328 | +€17,068 | +56.4% |
| Operating profit (loss) | 9901 | €29,712 | €46,144 | +€16,431 | +55.3% |
| Financial charges | 65/66B | - | €414 | +€414 | |
| Recurring financial charges | 65 | - | €414 | +€414 | |
| Profit (loss) for the period before taxes | 9903 | €29,712 | €45,729 | +€16,017 | +53.9% |
| Income taxes | 67/77 | €5,952 | €9,267 | +€3,315 | +55.7% |
| Profit (loss) for the period | 9904 | €23,760 | €36,462 | +€12,702 | +53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,760 | €36,462 | +€12,702 | +53.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.