BOUW iii: 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 iii
Largest movements
- Deferred charges and accrued income -€18,927
down €18,927 (-79.3%), from €23,856 to €4,929
- Receivables within one year +€16,874
up €16,874 (+14.8%), from €114,345 to €131,219
of which Other amounts receivable: +€16,781
- Cash +€16,245
up €16,245 (+13.5%), from €120,231 to €136,476
mainly Depreciation (+€33,521) and Trade debts (+€27,500)
- Stocks and contracts +€12,583
up €12,583 (+6.9%), from €181,939 to €194,522
- Trade debts +€27,500
up €27,500 (+86.2%), from €31,903 to €59,403
- Profit (loss) carried forward +€11,133
up €11,133, from -€9,841 to €1,292
- Debts after one year -€7,267
down €7,267 (-100%), from €7,267 to €0
- Staff costs -€16,333
down €16,333 (-21.1%), from €77,505 to €61,172
- Gross operating margin +€14,090
up €14,090 (+12.8%), from €109,892 to €123,983
- Depreciation -€9,290
down €9,290 (-21.7%), from €42,811 to €33,521
- Other operating charges +€6,363
up €6,363 (+595%), from €1,070 to €7,433
- Taxes +€4,155
up €4,155 (+346,243%), from €1 to €4,156
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 | €672,665 | €705,863 | +€33,198 | +4.9% |
| Fixed assets | 21/28 | €232,294 | €238,717 | +€6,423 | +2.8% |
| Intangible fixed assets | 21 | €1,031 | €431 | -€600 | -58.2% |
| Tangible fixed assets | 22/27 | €229,734 | €236,757 | +€7,023 | +3.1% |
| Land and buildings | 22 | €206,067 | €188,434 | -€17,633 | -8.6% |
| Plant, machinery and equipment | 23 | €4,549 | €32,735 | +€28,186 | +620% |
| Furniture and vehicles | 24 | €19,117 | €15,588 | -€3,529 | -18.5% |
| Financial fixed assets | 28 | €1,529 | €1,529 | = | 0.0% |
| Current assets | 29/58 | €440,371 | €467,146 | +€26,775 | +6.1% |
| Stocks and contracts in progress | 3 | €181,939 | €194,522 | +€12,583 | +6.9% |
| Stocks | 30/36 | €181,939 | €194,522 | +€12,583 | +6.9% |
| Amounts receivable within one year | 40/41 | €114,345 | €131,219 | +€16,874 | +14.8% |
| Trade receivables | 40 | €114,345 | €114,438 | +€93 | +0.1% |
| Other amounts receivable | 41 | - | €16,781 | +€16,781 | |
| Cash at bank and in hand | 54/58 | €120,231 | €136,476 | +€16,245 | +13.5% |
| Deferred charges and accrued income | 490/1 | €23,856 | €4,929 | -€18,927 | -79.3% |
| Total equity and liabilities | 10/49 | €672,665 | €705,863 | +€33,198 | +4.9% |
| Equity | 10/15 | €535,813 | €553,046 | +€17,233 | +3.2% |
| Contributions | 10/11 | €326,000 | €326,000 | = | 0.0% |
| Reserves | 13 | €219,655 | €225,755 | +€6,100 | +2.8% |
| Distributable reserves | 133 | €219,655 | €225,755 | +€6,100 | +2.8% |
| Profit (loss) carried forward | 14 | -€9,841 | €1,292 | +€11,133 | |
| Amounts payable | 17/49 | €136,852 | €152,817 | +€15,965 | +11.7% |
| Amounts payable after more than one year | 17 | €7,267 | €0 | -€7,267 | -100% |
| Financial debts | 170/4 | €7,267 | €0 | -€7,267 | -100% |
| Amounts payable within one year | 42/48 | €129,584 | €152,817 | +€23,232 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €12,898 | €7,267 | -€5,631 | -43.7% |
| Trade debts | 44 | €31,903 | €59,403 | +€27,500 | +86.2% |
| Suppliers | 440/4 | €31,903 | €59,403 | +€27,500 | +86.2% |
| Taxes, remuneration and social security | 45 | €16,802 | €16,372 | -€430 | -2.6% |
| Taxes | 450/3 | €6,870 | €6,246 | -€623 | -9.1% |
| Remuneration and social security | 454/9 | €9,932 | €10,126 | +€194 | +1.9% |
| Other amounts payable | 47/48 | €67,981 | €69,775 | +€1,793 | +2.6% |
| Remuneration, social security and pensions | 62 | €77,505 | €61,172 | -€16,333 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,811 | €33,521 | -€9,290 | -21.7% |
| Other operating charges | 640/8 | €1,070 | €7,433 | +€6,363 | +595% |
| Gross operating margin | 9900 | €109,892 | €123,983 | +€14,090 | +12.8% |
| Operating profit (loss) | 9901 | -€11,494 | €21,856 | +€33,350 | |
| Financial income | 75/76B | €4,955 | €3,868 | -€1,087 | -21.9% |
| Recurring financial income | 75 | €2,856 | €3,430 | +€573 | +20.1% |
| Non-recurring financial income | 76B | €2,099 | €438 | -€1,661 | -79.1% |
| Financial charges | 65/66B | €3,654 | €4,335 | +€681 | +18.6% |
| Recurring financial charges | 65 | €3,654 | €4,335 | +€681 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,193 | €21,389 | +€31,582 | |
| Income taxes | 67/77 | €1 | €4,156 | +€4,155 | +346,243% |
| Profit (loss) for the period | 9904 | -€10,194 | €17,233 | +€27,427 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,194 | €17,233 | +€27,427 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.