BOUW BEHEER: 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.
BOUW BEHEER
Largest movements
- Receivables within one year +€5.7m
up €5.7m (+132%), from €4.3m to €10.0m
of which Other amounts receivable: +€5.5m
- Cash -€4.7m
down €4.7m (-85.5%), from €5.5m to €802,024
mainly Receivables within one year (-€5.7m) and Other debts (-€3.3m)
- Current investments +€651,689
up €651,689 (+66.8%), from €975,050 to €1.6m
- Other debts -€3.3m
down €3.3m (-33.6%), from €9.9m to €6.6m
- Reserves +€2.8m
up €2.8m (+13.3%), from €21.2m to €24.1m
of which Distributable reserves: +€2.6m
- Debts after one year +€2.6m
up €2.6m (+11.9%), from €21.8m to €24.4m
of which Financial debts: +€2.6m
- Current portion of long-term debt -€952,384
down €952,384 (-98.0%), from €971,638 to €19,254
- Financial income -€4.7m
down €4.7m (-61.8%), from €7.6m to €2.9m
- Financial charges -€86,711
down €86,711 (-12.8%), from €676,991 to €590,280
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 | €54,665,004 | €56,229,508 | +€1.6m | +2.9% |
| Fixed assets | 21/28 | €41,355,939 | €41,290,382 | -€65,557 | -0.2% |
| Tangible fixed assets | 22/27 | €883,053 | €817,497 | -€65,557 | -7.4% |
| Land and buildings | 22 | €786,237 | €743,784 | -€42,454 | -5.4% |
| Furniture and vehicles | 24 | €96,816 | €73,713 | -€23,103 | -23.9% |
| Financial fixed assets | 28 | €40,472,886 | €40,472,886 | = | 0.0% |
| Current assets | 29/58 | €13,309,065 | €14,939,126 | +€1.6m | +12.2% |
| Amounts receivable after more than one year | 29 | €2,484,659 | €2,484,659 | = | 0.0% |
| Other amounts receivable | 291 | €2,484,659 | €2,484,659 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,311,363 | €10,023,910 | +€5.7m | +132% |
| Trade receivables | 40 | €299,382 | €511,156 | +€211,775 | +70.7% |
| Other amounts receivable | 41 | €4,011,981 | €9,512,754 | +€5.5m | +137% |
| Current investments | 50/53 | €975,050 | €1,626,739 | +€651,689 | +66.8% |
| Cash at bank and in hand | 54/58 | €5,537,876 | €802,024 | -€4.7m | -85.5% |
| Deferred charges and accrued income | 490/1 | €118 | €1,795 | +€1,677 | +1,418% |
| Total equity and liabilities | 10/49 | €54,665,004 | €56,229,508 | +€1.6m | +2.9% |
| Equity | 10/15 | €21,259,479 | €24,081,279 | +€2.8m | +13.3% |
| Contributions | 10/11 | €23,947 | €23,947 | = | 0.0% |
| Reserves | 13 | €21,235,533 | €24,057,332 | +€2.8m | +13.3% |
| Non-distributable reserves | 130/1 | €23,947 | €23,947 | = | 0.0% |
| Reserves not available under the articles | 1311 | €23,947 | €23,947 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,005,800 | €1,263,099 | +€257,299 | +25.6% |
| Distributable reserves | 133 | €20,205,786 | €22,770,286 | +€2.6m | +12.7% |
| Amounts payable | 17/49 | €33,405,525 | €32,148,229 | -€1.3m | -3.8% |
| Amounts payable after more than one year | 17 | €21,773,086 | €24,355,409 | +€2.6m | +11.9% |
| Financial debts | 170/4 | €14,419,086 | €17,001,409 | +€2.6m | +17.9% |
| Other amounts payable | 178/9 | €7,354,000 | €7,354,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,338,464 | €7,525,196 | -€3.8m | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €971,638 | €19,254 | -€952,384 | -98.0% |
| Trade debts | 44 | €223,930 | €581,521 | +€357,591 | +160% |
| Suppliers | 440/4 | €223,930 | €581,521 | +€357,591 | +160% |
| Taxes, remuneration and social security | 45 | €262,944 | €368,057 | +€105,113 | +40.0% |
| Taxes | 450/3 | €262,944 | €368,057 | +€105,113 | +40.0% |
| Other amounts payable | 47/48 | €9,879,953 | €6,556,364 | -€3.3m | -33.6% |
| Accrued charges and deferred income | 492/3 | €293,975 | €267,624 | -€26,351 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,108 | €68,214 | +€3,107 | +4.8% |
| Other operating charges | 640/8 | €4,214 | €5,130 | +€916 | +21.7% |
| Gross operating margin | 9900 | €655,284 | €652,339 | -€2,945 | -0.4% |
| Operating profit (loss) | 9901 | €585,963 | €578,995 | -€6,968 | -1.2% |
| Financial income | 75/76B | €7,595,514 | €2,898,872 | -€4.7m | -61.8% |
| Recurring financial income | 75 | €7,595,514 | €2,898,872 | -€4.7m | -61.8% |
| Financial charges | 65/66B | €676,991 | €590,280 | -€86,711 | -12.8% |
| Recurring financial charges | 65 | €676,991 | €590,280 | -€86,711 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €7,504,485 | €2,887,586 | -€4.6m | -61.5% |
| Income taxes | 67/77 | €65,394 | €65,787 | +€392 | +0.6% |
| Profit (loss) for the period | 9904 | €7,439,091 | €2,821,800 | -€4.6m | -62.1% |
| Transfer from tax-exempt reserves | 789 | - | €16,351 | +€16,351 | |
| Transfer to tax-exempt reserves | 689 | €273,650 | €273,650 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,165,441 | €2,564,500 | -€4.6m | -64.2% |
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 16 October 2026 via checked.be.