BOOUW: 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.
BOOUW
Largest movements
- Stocks and contracts +€737,271
up €737,271 (+19.9%), from €3.7m to €4.4m
- Cash +€60,470
up €60,470 (+7.4%), from €814,831 to €875,301
mainly Short-term financial debts (+€527,032) and Debts after one year (+€257,926)
- Short-term financial debts +€527,032
new in 2025: €527,032
- Debts after one year +€257,926
up €257,926 (+9.8%), from €2.6m to €2.9m
- Trade debts +€237,248
up €237,248 (+68.8%), from €344,962 to €582,209
- Accrued charges and deferred income -€232,826
down €232,826 (-88.5%), from €263,058 to €30,232
- Gross operating margin +€487,431
up €487,431, from -€47,859 to €439,572
- Financial charges +€357,557
up €357,557 (+962.1%), from €37,163 to €394,720
- Other operating charges +€37,219
up €37,219 (+979.3%), from €3,801 to €41,019
- Financial income +€4,507
up €4,507 (+17673.7%), from €26 to €4,532
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.
Cash bridge derived
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 | €4,545,410 | €5,387,179 | +€841,769 | +18.5% |
| Current assets | 29/58 | €4,545,410 | €5,387,179 | +€841,769 | +18.5% |
| Stocks and contracts in progress | 3 | €3,709,610 | €4,446,881 | +€737,271 | +19.9% |
| Contracts in progress | 37 | €3,709,610 | €4,446,881 | +€737,271 | +19.9% |
| Amounts receivable within one year | 40/41 | €20,969 | €63,554 | +€42,585 | +203.1% |
| Trade receivables | 40 | €20,900 | €63,535 | +€42,635 | +204.0% |
| Other amounts receivable | 41 | €69 | €19 | -€50 | -72.5% |
| Cash at bank and in hand | 54/58 | €814,831 | €875,301 | +€60,470 | +7.4% |
| Deferred charges and accrued income | 490/1 | - | €1,443 | +€1,443 | |
| Total equity and liabilities | 10/49 | €4,545,410 | €5,387,179 | +€841,769 | +18.5% |
| Equity | 10/15 | €396,715 | €405,081 | +€8,365 | +2.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €296,715 | €305,081 | +€8,365 | +2.8% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €286,715 | €295,081 | +€8,365 | +2.9% |
| Amounts payable | 17/49 | €4,148,695 | €4,982,098 | +€833,403 | +20.1% |
| Amounts payable after more than one year | 17 | €2,635,194 | €2,893,120 | +€257,926 | +9.8% |
| Financial debts | 170/4 | €2,635,194 | €2,893,120 | +€257,926 | +9.8% |
| Amounts payable within one year | 42/48 | €1,250,443 | €2,058,746 | +€808,304 | +64.6% |
| Financial debts | 43 | - | €527,032 | +€527,032 | |
| Credit institutions | 430/8 | - | €527,032 | +€527,032 | |
| Trade debts | 44 | €344,962 | €582,209 | +€237,248 | +68.8% |
| Suppliers | 440/4 | €344,962 | €582,209 | +€237,248 | +68.8% |
| Taxes, remuneration and social security | 45 | €4,354 | €48,378 | +€44,024 | +1011.1% |
| Taxes | 450/3 | €4,354 | €48,378 | +€44,024 | +1011.1% |
| Other amounts payable | 47/48 | €901,127 | €901,127 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €263,058 | €30,232 | -€232,826 | -88.5% |
| Other operating charges | 640/8 | €3,801 | €41,019 | +€37,219 | +979.3% |
| Gross operating margin | 9900 | -€47,859 | €439,572 | +€487,431 | |
| Operating profit (loss) | 9901 | -€51,659 | €398,553 | +€450,213 | |
| Financial income | 75/76B | €26 | €4,532 | +€4,507 | +17673.7% |
| Recurring financial income | 75 | €26 | €4,532 | +€4,507 | +17673.7% |
| Financial charges | 65/66B | €37,163 | €394,720 | +€357,557 | +962.1% |
| Recurring financial charges | 65 | €37,163 | €394,720 | +€357,557 | +962.1% |
| Profit (loss) for the period before taxes | 9903 | -€88,797 | €8,365 | +€97,163 | |
| Profit (loss) for the period | 9904 | -€88,797 | €8,365 | +€97,163 | |
| Profit (loss) for the period to be appropriated | 9905 | -€88,797 | €8,365 | +€97,163 |
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 12 October 2026 via checked.be.