SOWoods: 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.
SOWoods
Largest movements
- Tangible fixed assets -€6,968
down €6,968 (-52.9%), from €13,160 to €6,192
of which Furniture and vehicles: -€6,257
- Receivables within one year +€5,902
up €5,902 (+199.9%), from €2,952 to €8,855
of which Trade receivables: +€4,456
- Deferred charges and accrued income +€2,075
up €2,075 (+200.7%), from €1,034 to €3,109
- Cash -€743
down €743 (-1.4%), from €54,046 to €53,303
mainly Debts after one year (-€7,071) and Receivables within one year (-€5,902)
- Profit (loss) carried forward +€12,370
up €12,370 (+68.9%), from -€17,944 to -€5,574
- Debts after one year -€7,071
down €7,071 (-34.8%), from €20,335 to €13,264
- Short-term financial debts -€2,399
down €2,399 (-99.6%), from €2,409 to €10
- Trade debts -€2,199
down €2,199 (-15.4%), from €14,266 to €12,067
- Tax, wage and social debts -€904
down €904 (-15.4%), from €5,854 to €4,951
of which Taxes: -€904
- Gross operating margin +€10,612
up €10,612 (+93.9%), from €11,300 to €21,912
- Other operating charges +€1,052
up €1,052 (+1649.5%), from €64 to €1,116
- Financial charges -€413
down €413 (-21.5%), from €1,924 to €1,511
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 | €71,252 | €71,519 | +€267 | +0.4% |
| Fixed assets | 21/28 | €13,220 | €6,252 | -€6,968 | -52.7% |
| Tangible fixed assets | 22/27 | €13,160 | €6,192 | -€6,968 | -52.9% |
| Plant, machinery and equipment | 23 | €1,346 | €635 | -€711 | -52.8% |
| Furniture and vehicles | 24 | €11,814 | €5,557 | -€6,257 | -53.0% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €58,032 | €65,267 | +€7,234 | +12.5% |
| Amounts receivable within one year | 40/41 | €2,952 | €8,855 | +€5,902 | +199.9% |
| Trade receivables | 40 | €2,952 | €7,408 | +€4,456 | +150.9% |
| Other amounts receivable | 41 | - | €1,447 | +€1,447 | |
| Cash at bank and in hand | 54/58 | €54,046 | €53,303 | -€743 | -1.4% |
| Deferred charges and accrued income | 490/1 | €1,034 | €3,109 | +€2,075 | +200.7% |
| Total equity and liabilities | 10/49 | €71,252 | €71,519 | +€267 | +0.4% |
| Equity | 10/15 | -€12,944 | -€574 | +€12,370 | +95.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,944 | -€5,574 | +€12,370 | +68.9% |
| Amounts payable | 17/49 | €84,197 | €72,093 | -€12,104 | -14.4% |
| Amounts payable after more than one year | 17 | €20,335 | €13,264 | -€7,071 | -34.8% |
| Financial debts | 170/4 | €20,335 | €13,264 | -€7,071 | -34.8% |
| Amounts payable within one year | 42/48 | €63,861 | €58,829 | -€5,033 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €6,723 | €7,071 | +€348 | +5.2% |
| Financial debts | 43 | €2,409 | €10 | -€2,399 | -99.6% |
| Credit institutions | 430/8 | €2,409 | €10 | -€2,399 | -99.6% |
| Trade debts | 44 | €14,266 | €12,067 | -€2,199 | -15.4% |
| Suppliers | 440/4 | €14,266 | €12,067 | -€2,199 | -15.4% |
| Taxes, remuneration and social security | 45 | €5,854 | €4,951 | -€904 | -15.4% |
| Taxes | 450/3 | €5,854 | €4,951 | -€904 | -15.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €34,609 | €34,730 | +€121 | +0.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,968 | €6,968 | = | 0.0% |
| Other operating charges | 640/8 | €64 | €1,116 | +€1,052 | +1649.5% |
| Gross operating margin | 9900 | €11,300 | €21,912 | +€10,612 | +93.9% |
| Operating profit (loss) | 9901 | €4,268 | €13,828 | +€9,560 | +224.0% |
| Financial income | 75/76B | - | €53 | +€53 | |
| Recurring financial income | 75 | - | €53 | +€53 | |
| Financial charges | 65/66B | €1,924 | €1,511 | -€413 | -21.5% |
| Recurring financial charges | 65 | €1,924 | €1,511 | -€413 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €2,344 | €12,370 | +€10,026 | +427.7% |
| Profit (loss) for the period | 9904 | €2,344 | €12,370 | +€10,026 | +427.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,344 | €12,370 | +€10,026 | +427.7% |
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.