B.M. 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.
B.M. BOUW
Largest movements
- Financial fixed assets -€300,000
no longer reported in 2025 (was €300,000)
- Cash +€162,333
up €162,333 (+226%), from €71,869 to €234,201
mainly Investment in fixed assets (net) (+€300,000) and Trade debts (+€1,849)
- Profit (loss) carried forward -€128,049
down €128,049 (-80.6%), from €158,892 to €30,844
- Other debts -€7,995
no longer reported in 2025 (was €7,995)
- Financial charges +€167,151
up €167,151 (+2,725%), from €6,134 to €173,285
of which Non-recurring financial charges: +€172,941
- Financial income +€60,000
new in 2025: €60,000
- Gross operating margin -€33,565
down €33,565, from €20,106 to -€13,459
- Other operating charges -€2,023
down €2,023 (-72.6%), from €2,786 to €763
- Taxes -€968
no longer reported in 2025 (was €968)
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 | €374,879 | €237,671 | -€137,208 | -36.6% |
| Fixed assets | 21/28 | €301,436 | €894 | -€300,542 | -99.7% |
| Tangible fixed assets | 22/27 | €1,436 | €894 | -€542 | -37.7% |
| Furniture and vehicles | 24 | €1,436 | €894 | -€542 | -37.7% |
| Financial fixed assets | 28 | €300,000 | - | -€300,000 | |
| Current assets | 29/58 | €73,443 | €236,777 | +€163,334 | +222% |
| Amounts receivable within one year | 40/41 | €1,232 | €2,221 | +€989 | +80.2% |
| Trade receivables | 40 | €200 | €124 | -€76 | -38.2% |
| Other amounts receivable | 41 | €1,032 | €2,097 | +€1,065 | +103% |
| Cash at bank and in hand | 54/58 | €71,869 | €234,201 | +€162,333 | +226% |
| Deferred charges and accrued income | 490/1 | €342 | €355 | +€12 | +3.6% |
| Total equity and liabilities | 10/49 | €374,879 | €237,671 | -€137,208 | -36.6% |
| Equity | 10/15 | €361,507 | €233,458 | -€128,049 | -35.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €184,015 | €184,015 | = | 0.0% |
| Distributable reserves | 133 | €184,015 | €184,015 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,892 | €30,844 | -€128,049 | -80.6% |
| Amounts payable | 17/49 | €13,372 | €4,212 | -€9,160 | -68.5% |
| Amounts payable within one year | 42/48 | €12,056 | €4,145 | -€7,911 | -65.6% |
| Trade debts | 44 | €2,296 | €4,145 | +€1,849 | +80.5% |
| Suppliers | 440/4 | €2,296 | €4,145 | +€1,849 | +80.5% |
| Taxes, remuneration and social security | 45 | €1,765 | - | -€1,765 | |
| Taxes | 450/3 | €1,765 | - | -€1,765 | |
| Other amounts payable | 47/48 | €7,995 | - | -€7,995 | |
| Accrued charges and deferred income | 492/3 | €1,316 | €67 | -€1,249 | -94.9% |
| Non-recurring operating income | 76A | €14,822 | - | -€14,822 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €542 | €542 | = | 0.0% |
| Other operating charges | 640/8 | €2,786 | €763 | -€2,023 | -72.6% |
| Gross operating margin | 9900 | €20,106 | -€13,459 | -€33,565 | |
| Operating profit (loss) | 9901 | €16,778 | -€14,764 | -€31,542 | |
| Financial income | 75/76B | - | €60,000 | +€60,000 | |
| Recurring financial income | 75 | - | €60,000 | +€60,000 | |
| Financial charges | 65/66B | €6,134 | €173,285 | +€167,151 | +2,725% |
| Recurring financial charges | 65 | €6,084 | €293 | -€5,791 | -95.2% |
| Non-recurring financial charges | 66B | €50 | €172,991 | +€172,941 | +346,854% |
| Profit (loss) for the period before taxes | 9903 | €10,644 | -€128,049 | -€138,693 | |
| Income taxes | 67/77 | €968 | - | -€968 | |
| Profit (loss) for the period | 9904 | €9,676 | -€128,049 | -€137,725 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,676 | -€128,049 | -€137,725 |
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.