Bouwcon: what changed
Two fiscal 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.
Bouwcon
Largest movements
- Stocks and contracts -€233,139
down €233,139 (-97.2%), from €239,964 to €6,825
of which Contracts in progress: -€232,698
- Tangible fixed assets -€18,087
down €18,087 (-7.6%), from €239,498 to €221,411
- Cash +€17,915
up €17,915 (+93.3%), from €19,195 to €37,110
mainly Stocks and contracts (+€233,139) and Depreciation (+€18,933)
- Debts after one year -€194,257
down €194,257 (-60.3%), from €322,347 to €128,090
- Reserves -€41,990
down €41,990 (-28.6%), from €146,931 to €104,941
of which Distributable reserves: -€41,990
- Tax, wage and social debts +€17,951
up €17,951 (+519.6%), from €3,455 to €21,406
- Trade debts -€10,573
down €10,573 (-75.2%), from €14,055 to €3,481
- Gross operating margin +€20,948
up €20,948 (+54.7%), from €38,300 to €59,248
- Financial income -€9,260
down €9,260 (-93.3%), from €9,922 to €662
of which Non-recurring financial income: -€9,917
- Taxes +€4,364
up €4,364 (+164.8%), from €2,648 to €7,012
- Depreciation -€3,906
down €3,906 (-17.1%), from €22,839 to €18,933
- Financial charges +€1,083
up €1,083 (+7.2%), from €14,948 to €16,031
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.
Cash bridge derived
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 | €520,560 | €287,226 | -€233,333 | -44.8% |
| Fixed assets | 21/28 | €239,498 | €221,411 | -€18,087 | -7.6% |
| Tangible fixed assets | 22/27 | €239,498 | €221,411 | -€18,087 | -7.6% |
| Land and buildings | 22 | €220,515 | €211,523 | -€8,992 | -4.1% |
| Plant, machinery and equipment | 23 | €3,186 | €1,706 | -€1,480 | -46.4% |
| Furniture and vehicles | 24 | €15,797 | €8,182 | -€7,615 | -48.2% |
| Current assets | 29/58 | €281,062 | €65,815 | -€215,247 | -76.6% |
| Stocks and contracts in progress | 3 | €239,964 | €6,825 | -€233,139 | -97.2% |
| Stocks | 30/36 | €6,324 | €5,883 | -€441 | -7.0% |
| Contracts in progress | 37 | €233,640 | €942 | -€232,698 | -99.6% |
| Amounts receivable within one year | 40/41 | €21,903 | €21,880 | -€23 | -0.1% |
| Trade receivables | 40 | €19,149 | €21,880 | +€2,731 | +14.3% |
| Other amounts receivable | 41 | €2,754 | €0 | -€2,754 | -100.0% |
| Cash at bank and in hand | 54/58 | €19,195 | €37,110 | +€17,915 | +93.3% |
| Total equity and liabilities | 10/49 | €520,560 | €287,226 | -€233,333 | -44.8% |
| Equity | 10/15 | €156,260 | €114,270 | -€41,990 | -26.9% |
| Contributions | 10/11 | €9,329 | €9,329 | = | 0.0% |
| Reserves | 13 | €146,931 | €104,941 | -€41,990 | -28.6% |
| 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 | €145,071 | €103,081 | -€41,990 | -28.9% |
| Amounts payable | 17/49 | €364,300 | €172,956 | -€191,343 | -52.5% |
| Amounts payable after more than one year | 17 | €322,347 | €128,090 | -€194,257 | -60.3% |
| Financial debts | 170/4 | €322,347 | €128,090 | -€194,257 | -60.3% |
| Amounts payable within one year | 42/48 | €33,893 | €40,911 | +€7,019 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €14,947 | €15,184 | +€237 | +1.6% |
| Trade debts | 44 | €14,055 | €3,481 | -€10,573 | -75.2% |
| Suppliers | 440/4 | €14,055 | €3,481 | -€10,573 | -75.2% |
| Taxes, remuneration and social security | 45 | €3,455 | €21,406 | +€17,951 | +519.6% |
| Taxes | 450/3 | €3,455 | €21,406 | +€17,951 | +519.6% |
| Other amounts payable | 47/48 | €1,437 | €840 | -€596 | -41.5% |
| Accrued charges and deferred income | 492/3 | €8,061 | €3,955 | -€4,106 | -50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,839 | €18,933 | -€3,906 | -17.1% |
| Other operating charges | 640/8 | €2,636 | €2,803 | +€167 | +6.3% |
| Gross operating margin | 9900 | €38,300 | €59,248 | +€20,948 | +54.7% |
| Operating profit (loss) | 9901 | €12,825 | €37,512 | +€24,687 | +192.5% |
| Financial income | 75/76B | €9,922 | €662 | -€9,260 | -93.3% |
| Recurring financial income | 75 | €5 | €662 | +€658 | +14420.4% |
| Non-recurring financial income | 76B | €9,917 | - | -€9,917 | |
| Financial charges | 65/66B | €14,948 | €16,031 | +€1,083 | +7.2% |
| Recurring financial charges | 65 | €14,948 | €16,031 | +€1,083 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €7,798 | €22,143 | +€14,344 | +183.9% |
| Income taxes | 67/77 | €2,648 | €7,012 | +€4,364 | +164.8% |
| Profit (loss) for the period | 9904 | €5,151 | €15,131 | +€9,980 | +193.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,151 | €15,131 | +€9,980 | +193.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.