BOUW GROEN: what changed
BOUW GROEN
Largest movements
- Receivables within one year +€22,952
up €22,952 (+10.3%), from €222,915 to €245,867
of which Other amounts receivable: +€21,546
- Cash -€3,435
down €3,435 (-44.6%), from €7,708 to €4,273
mainly Receivables within one year (-€22,952) and Debts after one year (-€7,676)
- Tangible fixed assets +€2,773
up €2,773 (+592%), from €468 to €3,241
of which Furniture and vehicles: +€2,452
- Reserves +€25,656
up €25,656 (+32.0%), from €80,107 to €105,763
of which Distributable reserves: +€25,656
- Tax, wage and social debts +€9,133
up €9,133 (+28.8%), from €31,704 to €40,837
of which Taxes: +€9,915
- Debts after one year -€7,676
down €7,676 (-23.5%), from €32,623 to €24,947
- Trade debts -€6,622
down €6,622 (-55.5%), from €11,938 to €5,315
- Gross operating margin -€36,867
down €36,867 (-54.7%), from €67,352 to €30,485
- Staff costs -€20,756
down €20,756 (-99.9%), from €20,775 to €19
- Taxes -€4,122
down €4,122 (-24.3%), from €16,979 to €12,857
- Financial income +€3,909
up €3,909 (+54.8%), from €7,135 to €11,044
- Other operating charges -€1,294
down €1,294 (-69.4%), from €1,866 to €572
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 | €231,091 | €253,381 | +€22,290 | +9.6% |
| Fixed assets | 21/28 | €468 | €3,241 | +€2,773 | +592% |
| Tangible fixed assets | 22/27 | €468 | €3,241 | +€2,773 | +592% |
| Plant, machinery and equipment | 23 | - | €321 | +€321 | |
| Furniture and vehicles | 24 | €468 | €2,920 | +€2,452 | +523% |
| Current assets | 29/58 | €230,623 | €250,140 | +€19,517 | +8.5% |
| Amounts receivable within one year | 40/41 | €222,915 | €245,867 | +€22,952 | +10.3% |
| Trade receivables | 40 | €6,095 | €7,501 | +€1,406 | +23.1% |
| Other amounts receivable | 41 | €216,820 | €238,365 | +€21,546 | +9.9% |
| Cash at bank and in hand | 54/58 | €7,708 | €4,273 | -€3,435 | -44.6% |
| Total equity and liabilities | 10/49 | €231,091 | €253,381 | +€22,290 | +9.6% |
| Equity | 10/15 | €102,707 | €128,363 | +€25,656 | +25.0% |
| Contributions | 10/11 | €22,600 | €22,600 | = | 0.0% |
| Reserves | 13 | €80,107 | €105,763 | +€25,656 | +32.0% |
| Non-distributable reserves | 130/1 | €2,260 | €2,260 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,260 | €2,260 | = | 0.0% |
| Distributable reserves | 133 | €77,847 | €103,503 | +€25,656 | +33.0% |
| Amounts payable | 17/49 | €128,384 | €125,018 | -€3,366 | -2.6% |
| Amounts payable after more than one year | 17 | €32,623 | €24,947 | -€7,676 | -23.5% |
| Financial debts | 170/4 | €32,623 | €24,947 | -€7,676 | -23.5% |
| Amounts payable within one year | 42/48 | €95,761 | €100,071 | +€4,310 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €7,520 | €7,819 | +€299 | +4.0% |
| Trade debts | 44 | €11,938 | €5,315 | -€6,622 | -55.5% |
| Suppliers | 440/4 | €11,938 | €5,315 | -€6,622 | -55.5% |
| Taxes, remuneration and social security | 45 | €31,704 | €40,837 | +€9,133 | +28.8% |
| Taxes | 450/3 | €30,922 | €40,837 | +€9,915 | +32.1% |
| Remuneration and social security | 454/9 | €782 | €0 | -€782 | -100% |
| Other amounts payable | 47/48 | €44,600 | €46,100 | +€1,500 | +3.4% |
| Remuneration, social security and pensions | 62 | €20,775 | €19 | -€20,756 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €369 | €775 | +€405 | +110% |
| Other operating charges | 640/8 | €1,866 | €572 | -€1,294 | -69.4% |
| Gross operating margin | 9900 | €67,352 | €30,485 | -€36,867 | -54.7% |
| Operating profit (loss) | 9901 | €44,342 | €29,120 | -€15,222 | -34.3% |
| Financial income | 75/76B | €7,135 | €11,044 | +€3,909 | +54.8% |
| Recurring financial income | 75 | €7,135 | €11,044 | +€3,909 | +54.8% |
| Financial charges | 65/66B | €2,674 | €1,652 | -€1,023 | -38.2% |
| Recurring financial charges | 65 | €2,674 | €1,652 | -€1,023 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €48,802 | €38,513 | -€10,290 | -21.1% |
| Income taxes | 67/77 | €16,979 | €12,857 | -€4,122 | -24.3% |
| Profit (loss) for the period | 9904 | €31,824 | €25,656 | -€6,168 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,824 | €25,656 | -€6,168 | -19.4% |
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 5 November 2026 via checked.be.