Bauwerk: 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.
Bauwerk
Largest movements
- Receivables within one year +€8,769
up €8,769 (+84.3%), from €10,399 to €19,168
of which Trade receivables: +€8,770
- Tangible fixed assets +€7,770
up €7,770 (+79.9%), from €9,720 to €17,489
of which Other tangible fixed assets: +€10,277
- Cash +€4,316
up €4,316 (+18.0%), from €24,030 to €28,346
mainly Net result for the year (+€22,645) and Tax, wage and social debts (+€6,462)
- Reserves +€22,645
up €22,645 (+163%), from €13,928 to €36,574
- Tax, wage and social debts +€6,462
up €6,462 (+77.0%), from €8,389 to €14,851
- Other debts -€5,161
down €5,161 (-81.3%), from €6,351 to €1,189
- Trade debts -€3,085
down €3,085 (-26.3%), from €11,716 to €8,631
- Gross operating margin +€10,445
up €10,445 (+39.8%), from €26,238 to €36,683
- Taxes +€2,261
up €2,261 (+44.7%), from €5,055 to €7,316
- Depreciation -€734
down €734 (-13.9%), from €5,280 to €4,546
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 | €44,384 | €65,244 | +€20,860 | +47.0% |
| Fixed assets | 21/28 | €9,720 | €17,489 | +€7,770 | +79.9% |
| Tangible fixed assets | 22/27 | €9,720 | €17,489 | +€7,770 | +79.9% |
| Furniture and vehicles | 24 | €9,720 | €7,213 | -€2,507 | -25.8% |
| Other tangible fixed assets | 26 | - | €10,277 | +€10,277 | |
| Current assets | 29/58 | €34,664 | €47,755 | +€13,091 | +37.8% |
| Amounts receivable within one year | 40/41 | €10,399 | €19,168 | +€8,769 | +84.3% |
| Trade receivables | 40 | €10,398 | €19,168 | +€8,770 | +84.3% |
| Other amounts receivable | 41 | €1 | €0 | -€1 | -100% |
| Cash at bank and in hand | 54/58 | €24,030 | €28,346 | +€4,316 | +18.0% |
| Deferred charges and accrued income | 490/1 | €235 | €241 | +€6 | +2.4% |
| Total equity and liabilities | 10/49 | €44,384 | €65,244 | +€20,860 | +47.0% |
| Equity | 10/15 | €17,928 | €40,574 | +€22,645 | +126% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €13,928 | €36,574 | +€22,645 | +163% |
| Distributable reserves | 133 | €13,928 | €36,574 | +€22,645 | +163% |
| Amounts payable | 17/49 | €26,456 | €24,671 | -€1,785 | -6.7% |
| Amounts payable within one year | 42/48 | €26,456 | €24,671 | -€1,785 | -6.7% |
| Trade debts | 44 | €11,716 | €8,631 | -€3,085 | -26.3% |
| Suppliers | 440/4 | €11,716 | €8,631 | -€3,085 | -26.3% |
| Taxes, remuneration and social security | 45 | €8,389 | €14,851 | +€6,462 | +77.0% |
| Taxes | 450/3 | €8,389 | €14,851 | +€6,462 | +77.0% |
| Other amounts payable | 47/48 | €6,351 | €1,189 | -€5,161 | -81.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,280 | €4,546 | -€734 | -13.9% |
| Other operating charges | 640/8 | €1,822 | €2,087 | +€265 | +14.6% |
| Gross operating margin | 9900 | €26,238 | €36,683 | +€10,445 | +39.8% |
| Operating profit (loss) | 9901 | €19,136 | €30,050 | +€10,914 | +57.0% |
| Financial income | 75/76B | €0 | €19 | +€19 | +92,750% |
| Recurring financial income | 75 | €0 | €19 | +€19 | +92,750% |
| Financial charges | 65/66B | €152 | €107 | -€45 | -29.8% |
| Recurring financial charges | 65 | €152 | €107 | -€45 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €18,984 | €29,961 | +€10,978 | +57.8% |
| Income taxes | 67/77 | €5,055 | €7,316 | +€2,261 | +44.7% |
| Profit (loss) for the period | 9904 | €13,928 | €22,645 | +€8,717 | +62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,928 | €22,645 | +€8,717 | +62.6% |
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 23 October 2026 via checked.be.