BEWO-PROJECTS: 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.
BEWO-PROJECTS
Largest movements
- Stocks and contracts -€342,384
down €342,384 (-44.5%), from €769,480 to €427,096
- Receivables within one year +€312,842
up €312,842 (+94.1%), from €332,497 to €645,339
of which Trade receivables: +€367,049
- Current investments -€80,000
down €80,000 (-100%), from €80,000 to €0
- Cash -€38,536
down €38,536 (-42.6%), from €90,552 to €52,016
mainly Receivables within one year (-€312,842) and Trade debts (-€94,885)
- Deferred charges and accrued income -€23,765
down €23,765 (-39.4%), from €60,262 to €36,497
- Trade debts -€94,885
down €94,885 (-65.2%), from €145,466 to €50,581
- Other debts -€52,051
down €52,051 (-13.3%), from €391,320 to €339,269
- Tax, wage and social debts -€42,315
down €42,315 (-21.3%), from €198,914 to €156,599
of which Taxes: -€45,779
- Short-term financial debts +€15,000
up €15,000 (+12.0%), from €125,000 to €140,000
- Gross operating margin -€27,870
down €27,870 (-42.7%), from €65,306 to €37,436
- Financial income -€23,320
down €23,320 (-74.4%), from €31,332 to €8,012
- Staff costs -€18,998
down €18,998 (-100%), from €18,998 to €0
- Financial charges -€6,739
down €6,739 (-25.1%), from €26,824 to €20,085
- Taxes -€2,647
down €2,647 (-35.4%), from €7,483 to €4,836
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 | €1,371,288 | €1,190,197 | -€181,091 | -13.2% |
| Fixed assets | 21/28 | €38,497 | €29,248 | -€9,249 | -24.0% |
| Tangible fixed assets | 22/27 | €37,776 | €29,034 | -€8,742 | -23.1% |
| Plant, machinery and equipment | 23 | €2,802 | €1,112 | -€1,690 | -60.3% |
| Furniture and vehicles | 24 | €34,974 | €27,922 | -€7,052 | -20.2% |
| Financial fixed assets | 28 | €721 | €214 | -€506 | -70.3% |
| Current assets | 29/58 | €1,332,791 | €1,160,949 | -€171,842 | -12.9% |
| Stocks and contracts in progress | 3 | €769,480 | €427,096 | -€342,384 | -44.5% |
| Stocks | 30/36 | €769,480 | €427,096 | -€342,384 | -44.5% |
| Amounts receivable within one year | 40/41 | €332,497 | €645,339 | +€312,842 | +94.1% |
| Trade receivables | 40 | €69,455 | €436,504 | +€367,049 | +528% |
| Other amounts receivable | 41 | €263,042 | €208,835 | -€54,207 | -20.6% |
| Current investments | 50/53 | €80,000 | €0 | -€80,000 | -100% |
| Cash at bank and in hand | 54/58 | €90,552 | €52,016 | -€38,536 | -42.6% |
| Deferred charges and accrued income | 490/1 | €60,262 | €36,497 | -€23,765 | -39.4% |
| Total equity and liabilities | 10/49 | €1,371,288 | €1,190,197 | -€181,091 | -13.2% |
| Equity | 10/15 | €483,417 | €488,218 | +€4,801 | +1.0% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €263,417 | €268,218 | +€4,801 | +1.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €261,417 | €266,218 | +€4,801 | +1.8% |
| Amounts payable | 17/49 | €887,871 | €701,979 | -€185,892 | -20.9% |
| Amounts payable after more than one year | 17 | €12,085 | €939 | -€11,145 | -92.2% |
| Financial debts | 170/4 | €12,085 | €939 | -€11,145 | -92.2% |
| Amounts payable within one year | 42/48 | €871,611 | €697,595 | -€174,017 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €10,912 | €11,145 | +€234 | +2.1% |
| Financial debts | 43 | €125,000 | €140,000 | +€15,000 | +12.0% |
| Credit institutions | 430/8 | €125,000 | €140,000 | +€15,000 | +12.0% |
| Trade debts | 44 | €145,466 | €50,581 | -€94,885 | -65.2% |
| Suppliers | 440/4 | €145,466 | €50,581 | -€94,885 | -65.2% |
| Taxes, remuneration and social security | 45 | €198,914 | €156,599 | -€42,315 | -21.3% |
| Taxes | 450/3 | €198,913 | €153,133 | -€45,779 | -23.0% |
| Remuneration and social security | 454/9 | €1 | €3,466 | +€3,465 | +346,456% |
| Other amounts payable | 47/48 | €391,320 | €339,269 | -€52,051 | -13.3% |
| Accrued charges and deferred income | 492/3 | €4,175 | €3,445 | -€730 | -17.5% |
| Non-recurring operating income | 76A | €10,557 | €0 | -€10,557 | -100% |
| Remuneration, social security and pensions | 62 | €18,998 | €0 | -€18,998 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,990 | €11,014 | -€977 | -8.1% |
| Other operating charges | 640/8 | €7,197 | €4,712 | -€2,485 | -34.5% |
| Non-recurring operating charges | 66A | €0 | €0 | -€0 | -100% |
| Gross operating margin | 9900 | €65,306 | €37,436 | -€27,870 | -42.7% |
| Operating profit (loss) | 9901 | €27,120 | €21,710 | -€5,410 | -19.9% |
| Financial income | 75/76B | €31,332 | €8,012 | -€23,320 | -74.4% |
| Recurring financial income | 75 | €31,332 | €8,012 | -€23,320 | -74.4% |
| Financial charges | 65/66B | €26,824 | €20,085 | -€6,739 | -25.1% |
| Recurring financial charges | 65 | €26,824 | €20,085 | -€6,739 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €31,627 | €9,637 | -€21,991 | -69.5% |
| Income taxes | 67/77 | €7,483 | €4,836 | -€2,647 | -35.4% |
| Profit (loss) for the period | 9904 | €24,145 | €4,801 | -€19,344 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,145 | €4,801 | -€19,344 | -80.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.