BOUW GROUP: 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 GROUP
Largest movements
- Cash -€27,795
no longer reported in 2025 (was €27,795)
mainly Net result for the year (-€119,391) and Short-term financial debts (-€7,778)
- Receivables within one year -€20,735
down €20,735 (-24.2%), from €85,852 to €65,117
of which Trade receivables: -€20,735
- Tangible fixed assets -€11,575
down €11,575 (-19.7%), from €58,733 to €47,159
of which Furniture and vehicles: -€11,184
- Profit (loss) carried forward -€119,391
down €119,391, from €46,733 to -€72,658
- Trade debts +€42,823
up €42,823 (+89.5%), from €47,868 to €90,691
- Tax, wage and social debts +€19,294
up €19,294 (+55.9%), from €34,497 to €53,791
of which Remuneration and social security: +€31,088
- Short-term financial debts -€7,778
down €7,778 (-57.3%), from €13,569 to €5,791
- Other debts +€6,130
new in 2025: €6,130
- Gross operating margin -€166,713
down €166,713, from €83,099 to -€83,615
- Staff costs -€24,140
down €24,140 (-57.4%), from €42,064 to €17,924
- Depreciation +€6,810
up €6,810 (+140%), from €4,849 to €11,659
- Taxes -€6,388
down €6,388 (-76.0%), from €8,410 to €2,022
- Other operating charges +€2,571
up €2,571 (+188%), from €1,369 to €3,940
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 | €174,281 | €115,175 | -€59,106 | -33.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €60,633 | €50,059 | -€10,575 | -17.4% |
| Tangible fixed assets | 22/27 | €58,733 | €47,159 | -€11,575 | -19.7% |
| Plant, machinery and equipment | 23 | €1,009 | €618 | -€391 | -38.7% |
| Furniture and vehicles | 24 | €57,725 | €46,540 | -€11,184 | -19.4% |
| Financial fixed assets | 28 | €1,900 | €2,900 | +€1,000 | +52.6% |
| Current assets | 29/58 | €113,647 | €65,117 | -€48,531 | -42.7% |
| Amounts receivable within one year | 40/41 | €85,852 | €65,117 | -€20,735 | -24.2% |
| Trade receivables | 40 | €71,861 | €51,126 | -€20,735 | -28.9% |
| Other amounts receivable | 41 | €13,991 | €13,991 | -€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €27,795 | - | -€27,795 | |
| Total equity and liabilities | 10/49 | €174,281 | €115,175 | -€59,106 | -33.9% |
| Equity | 10/15 | €48,733 | -€70,658 | -€119,391 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,733 | -€72,658 | -€119,391 | |
| Amounts payable | 17/49 | €125,548 | €185,834 | +€60,286 | +48.0% |
| Amounts payable after more than one year | 17 | €29,431 | €29,431 | = | 0.0% |
| Financial debts | 170/4 | €29,431 | €29,431 | = | 0.0% |
| Amounts payable within one year | 42/48 | €95,934 | €156,403 | +€60,469 | +63.0% |
| Financial debts | 43 | €13,569 | €5,791 | -€7,778 | -57.3% |
| Credit institutions | 430/8 | €13,569 | €5,791 | -€7,778 | -57.3% |
| Trade debts | 44 | €47,868 | €90,691 | +€42,823 | +89.5% |
| Suppliers | 440/4 | €47,868 | €90,691 | +€42,823 | +89.5% |
| Taxes, remuneration and social security | 45 | €34,497 | €53,791 | +€19,294 | +55.9% |
| Taxes | 450/3 | €12,344 | €550 | -€11,794 | -95.5% |
| Remuneration and social security | 454/9 | €22,153 | €53,241 | +€31,088 | +140% |
| Other amounts payable | 47/48 | - | €6,130 | +€6,130 | |
| Accrued charges and deferred income | 492/3 | €183 | - | -€183 | |
| Remuneration, social security and pensions | 62 | €42,064 | €17,924 | -€24,140 | -57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,849 | €11,659 | +€6,810 | +140% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,576 | €1,576 | = | 0.0% |
| Other operating charges | 640/8 | €1,369 | €3,940 | +€2,571 | +188% |
| Gross operating margin | 9900 | €83,099 | -€83,615 | -€166,713 | |
| Operating profit (loss) | 9901 | €33,241 | -€118,714 | -€151,955 | |
| Financial income | 75/76B | €2 | €19 | +€16 | +654% |
| Recurring financial income | 75 | €2 | €19 | +€16 | +654% |
| Financial charges | 65/66B | €791 | -€1,326 | -€2,118 | |
| Recurring financial charges | 65 | €791 | -€1,326 | -€2,118 | |
| Profit (loss) for the period before taxes | 9903 | €32,452 | -€117,369 | -€149,821 | |
| Income taxes | 67/77 | €8,410 | €2,022 | -€6,388 | -76.0% |
| Profit (loss) for the period | 9904 | €24,041 | -€119,391 | -€143,433 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,041 | -€119,391 | -€143,433 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.