Bouw en Management: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Bouw en Management
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+111%), from €984,172 to €2.1m
of which Land and buildings: +€1.1m
- Financial fixed assets -€880,100
down €880,100 (-70.6%), from €1.2m to €365,925
- Cash +€298,025
up €298,025 (+72.5%), from €411,207 to €709,232
mainly Debts after one year (+€490,568) and Contributions, distributions and other (+€326,941)
- Current investments +€100,000
up €100,000 (+39.8%), from €251,532 to €351,532
- Debts after one year +€490,568
up €490,568 (+248%), from €197,414 to €687,982
- Reserves +€353,727
up €353,727 (+34.3%), from €1.0m to €1.4m
- Other debts -€231,670
down €231,670 (-28.6%), from €810,436 to €578,766
- Trade debts -€49,559
down €49,559 (-92.2%), from €53,743 to €4,184
- Gross operating margin +€173,658
up €173,658 (+211%), from €82,112 to €255,770
- Depreciation +€120,964
up €120,964 (+221%), from €54,700 to €175,664
- Taxes -€33,529
down €33,529 (-61.3%), from €54,683 to €21,154
- Financial charges +€23,369
up €23,369 (+111%), from €21,009 to €44,378
- Other operating charges +€4,021
up €4,021 (+46.9%), from €8,577 to €12,598
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 | €3,972,671 | €4,570,424 | +€597,753 | +15.0% |
| Fixed assets | 21/28 | €2,230,197 | €2,445,566 | +€215,369 | +9.7% |
| Tangible fixed assets | 22/27 | €984,172 | €2,079,641 | +€1.1m | +111% |
| Land and buildings | 22 | €951,554 | €2,017,655 | +€1.1m | +112% |
| Furniture and vehicles | 24 | €32,618 | €61,986 | +€29,368 | +90.0% |
| Financial fixed assets | 28 | €1,246,025 | €365,925 | -€880,100 | -70.6% |
| Current assets | 29/58 | €1,742,474 | €2,124,858 | +€382,384 | +21.9% |
| Amounts receivable after more than one year | 29 | €1,012,500 | €1,012,500 | = | 0.0% |
| Other amounts receivable | 291 | €1,012,500 | €1,012,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €64,546 | €49,868 | -€14,678 | -22.7% |
| Trade receivables | 40 | €64,546 | €40,021 | -€24,525 | -38.0% |
| Other amounts receivable | 41 | - | €9,846 | +€9,846 | |
| Current investments | 50/53 | €251,532 | €351,532 | +€100,000 | +39.8% |
| Cash at bank and in hand | 54/58 | €411,207 | €709,232 | +€298,025 | +72.5% |
| Deferred charges and accrued income | 490/1 | €2,690 | €1,727 | -€963 | -35.8% |
| Total equity and liabilities | 10/49 | €3,972,671 | €4,570,424 | +€597,753 | +15.0% |
| Equity | 10/15 | €2,700,298 | €3,080,783 | +€380,485 | +14.1% |
| Contributions | 10/11 | €1,669,212 | €1,689,212 | +€20,000 | +1.2% |
| Reserves | 13 | €1,031,086 | €1,384,813 | +€353,727 | +34.3% |
| Distributable reserves | 133 | €1,031,086 | €1,384,813 | +€353,727 | +34.3% |
| Profit (loss) carried forward | 14 | - | €6,758 | +€6,758 | |
| Provisions and deferred taxes | 16 | €39,631 | €39,631 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €39,631 | €39,631 | = | 0.0% |
| Pensions and similar obligations | 160 | €39,631 | €39,631 | = | 0.0% |
| Amounts payable | 17/49 | €1,232,742 | €1,450,010 | +€217,268 | +17.6% |
| Amounts payable after more than one year | 17 | €197,414 | €687,982 | +€490,568 | +248% |
| Financial debts | 170/4 | €197,414 | €687,982 | +€490,568 | +248% |
| Amounts payable within one year | 42/48 | €1,027,579 | €742,280 | -€285,299 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €137,411 | €129,711 | -€7,700 | -5.6% |
| Trade debts | 44 | €53,743 | €4,184 | -€49,559 | -92.2% |
| Suppliers | 440/4 | €53,743 | €4,184 | -€49,559 | -92.2% |
| Taxes, remuneration and social security | 45 | €25,988 | €29,619 | +€3,631 | +14.0% |
| Taxes | 450/3 | €25,988 | €29,619 | +€3,631 | +14.0% |
| Other amounts payable | 47/48 | €810,436 | €578,766 | -€231,670 | -28.6% |
| Accrued charges and deferred income | 492/3 | €7,749 | €19,749 | +€12,000 | +155% |
| Non-recurring operating income | 76A | €19,258 | €0 | -€19,258 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,700 | €175,664 | +€120,964 | +221% |
| Other operating charges | 640/8 | €8,577 | €12,598 | +€4,021 | +46.9% |
| Non-recurring operating charges | 66A | - | €15,017 | +€15,017 | |
| Gross operating margin | 9900 | €82,112 | €255,770 | +€173,658 | +211% |
| Operating profit (loss) | 9901 | €18,835 | €52,491 | +€33,656 | +179% |
| Financial income | 75/76B | €69,655 | €66,584 | -€3,071 | -4.4% |
| Recurring financial income | 75 | €69,655 | €66,584 | -€3,071 | -4.4% |
| Financial charges | 65/66B | €21,009 | €44,378 | +€23,369 | +111% |
| Recurring financial charges | 65 | €21,009 | €44,378 | +€23,369 | +111% |
| Profit (loss) for the period before taxes | 9903 | €67,481 | €74,697 | +€7,216 | +10.7% |
| Income taxes | 67/77 | €54,683 | €21,154 | -€33,529 | -61.3% |
| Profit (loss) for the period | 9904 | €12,799 | €53,544 | +€40,745 | +318% |
| Profit (loss) for the period to be appropriated | 9905 | €12,799 | €53,544 | +€40,745 | +318% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.