B.W. Promo: 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.
What changed
B.W. Promo
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€335,406
2024 · -€1.6m+€1.2m
Equity
€3.4m
2024 · €3.8m-€335,406
Cash
€611,350
2024 · €1.0m-€397,577
Balance sheet total
€44.9m
2024 · €43.8m+€1.1m
Largest movements
Assets
- Receivables within one year +€1.8m
up €1.8m (+25.2%), from €7.3m to €9.1m
of which Trade receivables: +€1.1m
Equity and liabilities
- Other debts +€3.2m
up €3.2m (+15.9%), from €20.3m to €23.5m
- Short-term financial debts -€1.4m
down €1.4m (-11.8%), from €12.1m to €10.7m
Income statement
- Gross operating margin +€1.2m
up €1.2m, from -€458,865 to €732,206
- Financial charges -€85,683
down €85,683 (-6.2%), from €1.4m to €1.3m
- Financial income -€33,172
down €33,172 (-11.4%), from €290,417 to €257,245
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.
Result 2024
-€1.6m
Gross operating margin
+€1.2m
Write-downs
-€3,662
Other operating charges
+€1,317
Other operating items
+€601
Financial income
-€33,172
Financial charges
+€85,683
Result 2025
-€335,406
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.0m
Investment
+€500
Financing
-€1.4m
Cash 2024
€1.0m
From operations (derived)
+€1.0m
Net result for the year
-€335,406
Stocks and contracts
+€311,429
Receivables within one year
-€1.8m
Deferred charges and accrued income
+€15,917
Trade debts
-€356,312
Tax, wage and social debts
-€7,880
Other debts
+€3.2m
Accrued charges and deferred income
+€16,393
Investment (derived)
+€500
Investment in fixed assets (net)
+€500
Financing
-€1.4m
Short-term financial debts
-€1.4m
Cash 2025
€611,350
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,788,166 | €44,898,015 | +€1.1m | +2.5% |
| Fixed assets | 21/28 | €13,867,178 | €13,866,678 | -€500 | 0.0% |
| Financial fixed assets | 28 | €13,867,178 | €13,866,678 | -€500 | 0.0% |
| Current assets | 29/58 | €29,920,988 | €31,031,338 | +€1.1m | +3.7% |
| Stocks and contracts in progress | 3 | €21,559,364 | €21,247,935 | -€311,429 | -1.4% |
| Stocks | 30/36 | €21,559,364 | €21,247,935 | -€311,429 | -1.4% |
| Amounts receivable within one year | 40/41 | €7,294,698 | €9,129,971 | +€1.8m | +25.2% |
| Trade receivables | 40 | €194,151 | €1,307,844 | +€1.1m | +574% |
| Other amounts receivable | 41 | €7,100,547 | €7,822,126 | +€721,579 | +10.2% |
| Cash at bank and in hand | 54/58 | €1,008,927 | €611,350 | -€397,577 | -39.4% |
| Deferred charges and accrued income | 490/1 | €57,999 | €42,082 | -€15,917 | -27.4% |
| Total equity and liabilities | 10/49 | €43,788,166 | €44,898,015 | +€1.1m | +2.5% |
| Equity | 10/15 | €3,769,928 | €3,434,522 | -€335,406 | -8.9% |
| Contributions | 10/11 | €3,885,703 | €3,885,703 | = | 0.0% |
| Capital | 10 | €728,422 | €728,422 | = | 0.0% |
| Issued capital | 100 | €728,422 | €728,422 | = | 0.0% |
| Contributions outside capital | 11 | €3,157,281 | €3,157,281 | = | 0.0% |
| Share premium | 1100/10 | €3,157,281 | €3,157,281 | = | 0.0% |
| Reserves | 13 | €72,842 | €72,842 | = | 0.0% |
| Non-distributable reserves | 130/1 | €72,842 | €72,842 | = | 0.0% |
| Legal reserve | 130 | €72,842 | €72,842 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€188,618 | -€524,024 | -€335,406 | -178% |
| Amounts payable | 17/49 | €40,018,238 | €41,463,494 | +€1.4m | +3.6% |
| Amounts payable after more than one year | 17 | €2,461,000 | €2,461,000 | = | 0.0% |
| Financial debts | 170/4 | €2,461,000 | €2,461,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,278,874 | €35,707,737 | +€1.4m | +4.2% |
| Financial debts | 43 | €12,135,929 | €10,700,873 | -€1.4m | -11.8% |
| Credit institutions | 430/8 | €12,135,929 | €10,700,873 | -€1.4m | -11.8% |
| Trade debts | 44 | €1,846,979 | €1,490,667 | -€356,312 | -19.3% |
| Suppliers | 440/4 | €1,846,979 | €1,490,667 | -€356,312 | -19.3% |
| Taxes, remuneration and social security | 45 | €18,172 | €10,291 | -€7,880 | -43.4% |
| Taxes | 450/3 | €18,172 | €10,291 | -€7,880 | -43.4% |
| Other amounts payable | 47/48 | €20,277,795 | €23,505,906 | +€3.2m | +15.9% |
| Accrued charges and deferred income | 492/3 | €3,278,364 | €3,294,756 | +€16,393 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€14,162 | -€10,500 | +€3,662 | +25.9% |
| Other operating charges | 640/8 | €43,742 | €42,425 | -€1,317 | -3.0% |
| Non-recurring operating charges | 66A | €3,642 | €3,041 | -€601 | -16.5% |
| Gross operating margin | 9900 | -€458,865 | €732,206 | +€1.2m | |
| Operating profit (loss) | 9901 | -€492,086 | €697,240 | +€1.2m | |
| Financial income | 75/76B | €290,417 | €257,245 | -€33,172 | -11.4% |
| Recurring financial income | 75 | €290,417 | €257,245 | -€33,172 | -11.4% |
| Financial charges | 65/66B | €1,375,574 | €1,289,891 | -€85,683 | -6.2% |
| Recurring financial charges | 65 | €1,375,574 | €1,289,891 | -€85,683 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,577,243 | -€335,406 | +€1.2m | +78.7% |
| Profit (loss) for the period | 9904 | -€1,577,243 | -€335,406 | +€1.2m | +78.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,577,243 | -€335,406 | +€1.2m | +78.7% |
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 22 October 2026 via checked.be.