AA BOUW: 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.
AA BOUW
Largest movements
- Cash -€95,752
down €95,752 (-67.6%), from €141,594 to €45,843
mainly Contributions, distributions and other (-€135,000) and Investment in fixed assets (net) (-€55,219)
- Current investments +€52,500
new in 2025: €52,500
- Tangible fixed assets +€39,039
up €39,039 (+74.6%), from €52,314 to €91,353
of which Furniture and vehicles: +€41,866
- Receivables within one year -€32,139
down €32,139 (-46.7%), from €68,844 to €36,705
of which Other amounts receivable: -€42,418
- Stocks and contracts +€5,570
new in 2025: €5,570
- Tax, wage and social debts -€30,185
down €30,185 (-67.4%), from €44,760 to €14,575
of which Taxes: -€27,298
- Trade debts -€8,477
down €8,477 (-48.5%), from €17,493 to €9,016
- Debts after one year +€5,986
up €5,986 (+74.1%), from €8,077 to €14,063
- Other debts +€3,211
up €3,211 (+2.4%), from €135,000 to €138,211
- Gross operating margin +€131,659
up €131,659 (+63.2%), from €208,425 to €340,084
- Staff costs +€121,149
up €121,149 (+199%), from €60,912 to €182,061
- Depreciation +€5,122
up €5,122 (+46.3%), from €11,059 to €16,181
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 | €263,146 | €235,480 | -€27,666 | -10.5% |
| Fixed assets | 21/28 | €52,314 | €91,353 | +€39,039 | +74.6% |
| Tangible fixed assets | 22/27 | €52,314 | €91,353 | +€39,039 | +74.6% |
| Plant, machinery and equipment | 23 | €20,954 | €18,126 | -€2,827 | -13.5% |
| Furniture and vehicles | 24 | €31,361 | €73,227 | +€41,866 | +133% |
| Current assets | 29/58 | €210,832 | €144,127 | -€66,705 | -31.6% |
| Stocks and contracts in progress | 3 | - | €5,570 | +€5,570 | |
| Stocks | 30/36 | - | €5,570 | +€5,570 | |
| Amounts receivable within one year | 40/41 | €68,844 | €36,705 | -€32,139 | -46.7% |
| Trade receivables | 40 | €1,452 | €11,731 | +€10,279 | +708% |
| Other amounts receivable | 41 | €67,392 | €24,973 | -€42,418 | -62.9% |
| Current investments | 50/53 | - | €52,500 | +€52,500 | |
| Cash at bank and in hand | 54/58 | €141,594 | €45,843 | -€95,752 | -67.6% |
| Deferred charges and accrued income | 490/1 | €394 | €3,509 | +€3,115 | +791% |
| Total equity and liabilities | 10/49 | €263,146 | €235,480 | -€27,666 | -10.5% |
| Equity | 10/15 | €52,828 | €54,844 | +€2,016 | +3.8% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €44,828 | €46,844 | +€2,016 | +4.5% |
| Distributable reserves | 133 | €44,828 | €46,844 | +€2,016 | +4.5% |
| Amounts payable | 17/49 | €210,318 | €180,636 | -€29,682 | -14.1% |
| Amounts payable after more than one year | 17 | €8,077 | €14,063 | +€5,986 | +74.1% |
| Financial debts | 170/4 | €8,077 | €14,063 | +€5,986 | +74.1% |
| Amounts payable within one year | 42/48 | €202,241 | €166,573 | -€35,668 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €4,988 | €4,771 | -€217 | -4.3% |
| Trade debts | 44 | €17,493 | €9,016 | -€8,477 | -48.5% |
| Suppliers | 440/4 | €17,493 | €9,016 | -€8,477 | -48.5% |
| Taxes, remuneration and social security | 45 | €44,760 | €14,575 | -€30,185 | -67.4% |
| Taxes | 450/3 | €41,873 | €14,575 | -€27,298 | -65.2% |
| Remuneration and social security | 454/9 | €2,887 | - | -€2,887 | |
| Other amounts payable | 47/48 | €135,000 | €138,211 | +€3,211 | +2.4% |
| Remuneration, social security and pensions | 62 | €60,912 | €182,061 | +€121,149 | +199% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,059 | €16,181 | +€5,122 | +46.3% |
| Other operating charges | 640/8 | €1,558 | €1,506 | -€53 | -3.4% |
| Gross operating margin | 9900 | €208,425 | €340,084 | +€131,659 | +63.2% |
| Operating profit (loss) | 9901 | €134,896 | €140,337 | +€5,441 | +4.0% |
| Financial income | 75/76B | €1,461 | €775 | -€686 | -46.9% |
| Recurring financial income | 75 | €1,461 | €775 | -€686 | -46.9% |
| Financial charges | 65/66B | €2,005 | €1,773 | -€232 | -11.6% |
| Recurring financial charges | 65 | €2,005 | €1,773 | -€232 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €134,352 | €139,339 | +€4,987 | +3.7% |
| Income taxes | 67/77 | €214 | €2,324 | +€2,110 | +986% |
| Profit (loss) for the period | 9904 | €134,138 | €137,016 | +€2,877 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €134,138 | €137,016 | +€2,877 | +2.1% |
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 19 October 2026 via checked.be.