Bouw-Art: what changed
Bouw-Art
Largest movements
- Tangible fixed assets +€337,996
up €337,996 (+276%), from €122,517 to €460,513
of which Land and buildings: +€385,460
- Cash -€68,710
down €68,710 (-96.3%), from €71,384 to €2,674
mainly Investment in fixed assets (net) (-€409,224) and Net result for the year (-€90,365)
- Receivables within one year -€54,181
down €54,181 (-30.6%), from €176,883 to €122,703
of which Trade receivables: -€68,857
- Current investments -€39,916
down €39,916 (-79.7%), from €50,088 to €10,172
- Debts after one year +€247,887
up €247,887 (+597%), from €41,504 to €289,392
- Profit (loss) carried forward -€53,483
new in 2025: -€53,483
- Reserves -€36,882
down €36,882 (-16.6%), from €222,390 to €185,508
of which Distributable reserves: -€36,882
- Other debts +€33,634
up €33,634 (+124%), from €27,056 to €60,690
- Trade debts -€20,552
down €20,552 (-39.0%), from €52,648 to €32,096
- Gross operating margin -€151,589
down €151,589 (-85.5%), from €177,197 to €25,608
- Taxes -€35,215
down €35,215 (-98.1%), from €35,880 to €665
- Other operating charges +€12,661
up €12,661 (+186%), from €6,791 to €19,452
- Write-downs +€7,886
up €7,886, from €0 to €7,886
- Financial charges +€6,017
up €6,017 (+54.8%), from €10,987 to €17,004
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €427,173 | €606,214 | +€179,040 | +41.9% |
| Fixed assets | 21/28 | €123,307 | €461,303 | +€337,996 | +274% |
| Tangible fixed assets | 22/27 | €122,517 | €460,513 | +€337,996 | +276% |
| Land and buildings | 22 | - | €385,460 | +€385,460 | |
| Plant, machinery and equipment | 23 | €45,716 | €37,244 | -€8,472 | -18.5% |
| Furniture and vehicles | 24 | €76,800 | €37,809 | -€38,992 | -50.8% |
| Financial fixed assets | 28 | €790 | €790 | = | 0.0% |
| Current assets | 29/58 | €303,867 | €144,911 | -€158,956 | -52.3% |
| Amounts receivable within one year | 40/41 | €176,883 | €122,703 | -€54,181 | -30.6% |
| Trade receivables | 40 | €168,726 | €99,869 | -€68,857 | -40.8% |
| Other amounts receivable | 41 | €8,157 | €22,834 | +€14,676 | +180% |
| Current investments | 50/53 | €50,088 | €10,172 | -€39,916 | -79.7% |
| Cash at bank and in hand | 54/58 | €71,384 | €2,674 | -€68,710 | -96.3% |
| Deferred charges and accrued income | 490/1 | €5,511 | €9,362 | +€3,851 | +69.9% |
| Total equity and liabilities | 10/49 | €427,173 | €606,214 | +€179,040 | +41.9% |
| Equity | 10/15 | €240,990 | €150,625 | -€90,365 | -37.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €222,390 | €185,508 | -€36,882 | -16.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €222,390 | €185,508 | -€36,882 | -16.6% |
| Profit (loss) carried forward | 14 | - | -€53,483 | -€53,483 | |
| Amounts payable | 17/49 | €186,184 | €455,589 | +€269,405 | +145% |
| Amounts payable after more than one year | 17 | €41,504 | €289,392 | +€247,887 | +597% |
| Financial debts | 170/4 | €41,504 | €289,392 | +€247,887 | +597% |
| Amounts payable within one year | 42/48 | €142,254 | €162,449 | +€20,195 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €42,461 | €43,989 | +€1,528 | +3.6% |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Credit institutions | 430/8 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €52,648 | €32,096 | -€20,552 | -39.0% |
| Suppliers | 440/4 | €52,648 | €32,096 | -€20,552 | -39.0% |
| Taxes, remuneration and social security | 45 | €20,089 | €15,674 | -€4,415 | -22.0% |
| Taxes | 450/3 | €20,089 | €15,674 | -€4,415 | -22.0% |
| Other amounts payable | 47/48 | €27,056 | €60,690 | +€33,634 | +124% |
| Accrued charges and deferred income | 492/3 | €2,426 | €3,748 | +€1,322 | +54.5% |
| Remuneration, social security and pensions | 62 | €1,866 | €0 | -€1,866 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,021 | €71,228 | -€1,793 | -2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €7,886 | +€7,886 | |
| Other operating charges | 640/8 | €6,791 | €19,452 | +€12,661 | +186% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €177,197 | €25,608 | -€151,589 | -85.5% |
| Operating profit (loss) | 9901 | €95,519 | -€72,958 | -€168,477 | |
| Financial income | 75/76B | €458 | €263 | -€195 | -42.6% |
| Recurring financial income | 75 | €458 | €263 | -€195 | -42.6% |
| Financial charges | 65/66B | €10,987 | €17,004 | +€6,017 | +54.8% |
| Recurring financial charges | 65 | €10,987 | €17,004 | +€6,017 | +54.8% |
| Profit (loss) for the period before taxes | 9903 | €84,990 | -€89,700 | -€174,690 | |
| Income taxes | 67/77 | €35,880 | €665 | -€35,215 | -98.1% |
| Profit (loss) for the period | 9904 | €49,110 | -€90,365 | -€139,475 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,110 | -€90,365 | -€139,475 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.