BOUWDESC: 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.
BOUWDESC
Largest movements
- Stocks and contracts +€445,442
up €445,442 (+136%), from €327,209 to €772,651
- Receivables within one year +€417,180
up €417,180 (+267%), from €156,397 to €573,577
of which Trade receivables: +€460,565
- Cash -€181,590
down €181,590 (-92.3%), from €196,683 to €15,092
mainly Stocks and contracts (-€445,442) and Receivables within one year (-€417,180)
- Advances received +€629,601
up €629,601 (+2,610%), from €24,125 to €653,726
- Reserves +€38,115
up €38,115 (+6.8%), from €561,774 to €599,890
- Trade debts +€28,957
up €28,957 (+265%), from €10,931 to €39,888
- Gross operating margin -€176,888
down €176,888 (-74.7%), from €236,711 to €59,823
- Taxes -€53,114
down €53,114 (-74.9%), from €70,901 to €17,787
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 | €698,056 | €1,375,975 | +€677,919 | +97.1% |
| Fixed assets | 21/28 | €17,388 | €14,281 | -€3,107 | -17.9% |
| Tangible fixed assets | 22/27 | €7,513 | €5,281 | -€2,232 | -29.7% |
| Plant, machinery and equipment | 23 | €7,513 | €5,281 | -€2,232 | -29.7% |
| Financial fixed assets | 28 | €9,875 | €9,000 | -€875 | -8.9% |
| Current assets | 29/58 | €680,668 | €1,361,694 | +€681,027 | +100% |
| Stocks and contracts in progress | 3 | €327,209 | €772,651 | +€445,442 | +136% |
| Stocks | 30/36 | €327,209 | €772,651 | +€445,442 | +136% |
| Amounts receivable within one year | 40/41 | €156,397 | €573,577 | +€417,180 | +267% |
| Trade receivables | 40 | - | €460,565 | +€460,565 | |
| Other amounts receivable | 41 | €156,397 | €113,012 | -€43,385 | -27.7% |
| Cash at bank and in hand | 54/58 | €196,683 | €15,092 | -€181,590 | -92.3% |
| Deferred charges and accrued income | 490/1 | €378 | €373 | -€5 | -1.3% |
| Total equity and liabilities | 10/49 | €698,056 | €1,375,975 | +€677,919 | +97.1% |
| Equity | 10/15 | €574,274 | €612,390 | +€38,115 | +6.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €561,774 | €599,890 | +€38,115 | +6.8% |
| Distributable reserves | 133 | €561,774 | €599,890 | +€38,115 | +6.8% |
| Amounts payable | 17/49 | €123,781 | €763,585 | +€639,804 | +517% |
| Amounts payable within one year | 42/48 | €116,110 | €763,585 | +€647,475 | +558% |
| Trade debts | 44 | €10,931 | €39,888 | +€28,957 | +265% |
| Suppliers | 440/4 | €10,931 | €39,888 | +€28,957 | +265% |
| Advances received on contracts in progress | 46 | €24,125 | €653,726 | +€629,601 | +2,610% |
| Taxes, remuneration and social security | 45 | €81,054 | €69,971 | -€11,083 | -13.7% |
| Taxes | 450/3 | €81,054 | €69,971 | -€11,083 | -13.7% |
| Accrued charges and deferred income | 492/3 | €7,671 | - | -€7,671 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,232 | €2,232 | = | 0.0% |
| Other operating charges | 640/8 | €639 | €1,643 | +€1,003 | +157% |
| Gross operating margin | 9900 | €236,711 | €59,823 | -€176,888 | -74.7% |
| Operating profit (loss) | 9901 | €233,840 | €55,948 | -€177,891 | -76.1% |
| Financial income | 75/76B | €2,559 | €1,824 | -€735 | -28.7% |
| Recurring financial income | 75 | €2,559 | €1,824 | -€735 | -28.7% |
| Financial charges | 65/66B | €928 | €1,870 | +€942 | +102% |
| Recurring financial charges | 65 | €928 | €1,870 | +€942 | +102% |
| Profit (loss) for the period before taxes | 9903 | €235,471 | €55,903 | -€179,568 | -76.3% |
| Income taxes | 67/77 | €70,901 | €17,787 | -€53,114 | -74.9% |
| Profit (loss) for the period | 9904 | €164,570 | €38,115 | -€126,455 | -76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €164,570 | €38,115 | -€126,455 | -76.8% |
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 17 October 2026 via checked.be.