BouwART: 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.
BouwART
Largest movements
- Cash -€205,943
down €205,943 (-54.6%), from €376,985 to €171,042
mainly Receivables within one year (-€173,498) and Tax, wage and social debts (-€47,506)
- Receivables within one year +€173,498
up €173,498 (+112%), from €154,348 to €327,846
of which Trade receivables: +€173,191
- Tangible fixed assets -€24,491
down €24,491 (-3.3%), from €744,531 to €720,039
of which Land and buildings: -€28,097
- Deferred charges and accrued income +€15,436
up €15,436 (+357%), from €4,321 to €19,757
- Tax, wage and social debts -€47,506
down €47,506 (-44.8%), from €105,968 to €58,463
of which Taxes: -€37,739
- Debts after one year -€42,355
down €42,355 (-9.0%), from €468,696 to €426,340
- Trade debts +€32,378
up €32,378 (+18.2%), from €178,165 to €210,543
- Reserves +€15,764
up €15,764 (+3.5%), from €450,517 to €466,281
of which Distributable reserves: +€15,764
- Staff costs +€35,350
up €35,350 (+11.3%), from €313,302 to €348,652
- Gross operating margin -€26,296
down €26,296 (-5.7%), from €461,141 to €434,845
- Taxes -€14,152
down €14,152 (-64.3%), from €22,005 to €7,853
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 | €1,280,210 | €1,238,709 | -€41,501 | -3.2% |
| Fixed assets | 21/28 | €744,556 | €720,064 | -€24,491 | -3.3% |
| Tangible fixed assets | 22/27 | €744,531 | €720,039 | -€24,491 | -3.3% |
| Land and buildings | 22 | €730,959 | €702,862 | -€28,097 | -3.8% |
| Plant, machinery and equipment | 23 | €2,363 | €3,961 | +€1,598 | +67.6% |
| Furniture and vehicles | 24 | €11,208 | €13,216 | +€2,008 | +17.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €535,654 | €518,645 | -€17,009 | -3.2% |
| Amounts receivable within one year | 40/41 | €154,348 | €327,846 | +€173,498 | +112% |
| Trade receivables | 40 | €131,352 | €304,543 | +€173,191 | +132% |
| Other amounts receivable | 41 | €22,996 | €23,303 | +€307 | +1.3% |
| Cash at bank and in hand | 54/58 | €376,985 | €171,042 | -€205,943 | -54.6% |
| Deferred charges and accrued income | 490/1 | €4,321 | €19,757 | +€15,436 | +357% |
| Total equity and liabilities | 10/49 | €1,280,210 | €1,238,709 | -€41,501 | -3.2% |
| Equity | 10/15 | €469,117 | €484,881 | +€15,764 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €450,517 | €466,281 | +€15,764 | +3.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €448,657 | €464,421 | +€15,764 | +3.5% |
| Amounts payable | 17/49 | €811,093 | €753,829 | -€57,264 | -7.1% |
| Amounts payable after more than one year | 17 | €468,696 | €426,340 | -€42,355 | -9.0% |
| Financial debts | 170/4 | €468,696 | €426,340 | -€42,355 | -9.0% |
| Amounts payable within one year | 42/48 | €326,397 | €311,488 | -€14,909 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €41,438 | €42,355 | +€918 | +2.2% |
| Trade debts | 44 | €178,165 | €210,543 | +€32,378 | +18.2% |
| Suppliers | 440/4 | €178,165 | €210,543 | +€32,378 | +18.2% |
| Taxes, remuneration and social security | 45 | €105,968 | €58,463 | -€47,506 | -44.8% |
| Taxes | 450/3 | €55,118 | €17,379 | -€37,739 | -68.5% |
| Remuneration and social security | 454/9 | €50,851 | €41,084 | -€9,767 | -19.2% |
| Other amounts payable | 47/48 | €827 | €127 | -€700 | -84.6% |
| Accrued charges and deferred income | 492/3 | €16,000 | €16,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €313,302 | €348,652 | +€35,350 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,285 | €34,623 | +€338 | +1.0% |
| Other operating charges | 640/8 | €4,110 | €4,664 | +€554 | +13.5% |
| Gross operating margin | 9900 | €461,141 | €434,845 | -€26,296 | -5.7% |
| Operating profit (loss) | 9901 | €109,444 | €46,906 | -€62,538 | -57.1% |
| Financial income | 75/76B | €82 | €10 | -€72 | -88.3% |
| Recurring financial income | 75 | €82 | €10 | -€72 | -88.3% |
| Financial charges | 65/66B | €19,771 | €23,299 | +€3,528 | +17.8% |
| Recurring financial charges | 65 | €19,771 | €23,299 | +€3,528 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €89,756 | €23,617 | -€66,139 | -73.7% |
| Income taxes | 67/77 | €22,005 | €7,853 | -€14,152 | -64.3% |
| Profit (loss) for the period | 9904 | €67,751 | €15,764 | -€51,987 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €67,751 | €15,764 | -€51,987 | -76.7% |
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 19 October 2026 via checked.be.