BOUWDESIGN: 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.
BOUWDESIGN
Largest movements
- Cash +€111,763
new in 2025: €111,763
mainly Net result for the year (+€122,856) and Depreciation (+€57,796)
- Tangible fixed assets -€34,093
down €34,093 (-2.3%), from €1.5m to €1.5m
of which Land and buildings: -€31,731
- Reserves +€122,856
up €122,856 (+18.0%), from €684,385 to €807,241
- Debts after one year -€64,595
down €64,595 (-8.8%), from €735,929 to €671,335
of which Financial debts: -€64,595
- Tax, wage and social debts +€26,910
up €26,910 (+115%), from €23,354 to €50,264
- Trade debts -€23,972
down €23,972 (-14.9%), from €160,667 to €136,695
- Gross operating margin +€29,992
up €29,992 (+12.2%), from €245,903 to €275,895
- Taxes +€13,787
up €13,787 (+28.7%), from €47,966 to €61,753
- Financial income +€7,487
up €7,487 (+3,761%), from €199 to €7,686
- Other operating charges +€3,897
up €3,897 (+39.3%), from €9,918 to €13,815
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 | €1,706,754 | €1,769,558 | +€62,804 | +3.7% |
| Fixed assets | 21/28 | €1,519,396 | €1,484,303 | -€35,093 | -2.3% |
| Tangible fixed assets | 22/27 | €1,488,396 | €1,454,303 | -€34,093 | -2.3% |
| Land and buildings | 22 | €1,468,742 | €1,437,011 | -€31,731 | -2.2% |
| Plant, machinery and equipment | 23 | €3,313 | €2,471 | -€843 | -25.4% |
| Furniture and vehicles | 24 | €16,341 | €14,821 | -€1,519 | -9.3% |
| Financial fixed assets | 28 | €31,000 | €30,000 | -€1,000 | -3.2% |
| Current assets | 29/58 | €187,358 | €285,255 | +€97,897 | +52.3% |
| Amounts receivable within one year | 40/41 | €177,918 | €162,014 | -€15,905 | -8.9% |
| Trade receivables | 40 | €143,503 | €69,627 | -€73,876 | -51.5% |
| Other amounts receivable | 41 | €34,416 | €92,387 | +€57,971 | +168% |
| Current investments | 50/53 | - | €1,406 | +€1,406 | |
| Cash at bank and in hand | 54/58 | - | €111,763 | +€111,763 | |
| Deferred charges and accrued income | 490/1 | €9,439 | €10,071 | +€632 | +6.7% |
| Total equity and liabilities | 10/49 | €1,706,754 | €1,769,558 | +€62,804 | +3.7% |
| Equity | 10/15 | €715,074 | €837,930 | +€122,856 | +17.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Contributions outside capital | 11 | €25,000 | €25,000 | = | 0.0% |
| Other | 1109/19 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €684,385 | €807,241 | +€122,856 | +18.0% |
| Distributable reserves | 133 | €684,385 | €807,241 | +€122,856 | +18.0% |
| Profit (loss) carried forward | 14 | €5,689 | €5,689 | = | 0.0% |
| Amounts payable | 17/49 | €991,680 | €931,627 | -€60,052 | -6.1% |
| Amounts payable after more than one year | 17 | €735,929 | €671,335 | -€64,595 | -8.8% |
| Financial debts | 170/4 | €730,454 | €665,860 | -€64,595 | -8.8% |
| Other amounts payable | 178/9 | €5,475 | €5,475 | = | 0.0% |
| Amounts payable within one year | 42/48 | €254,846 | €258,389 | +€3,542 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €64,159 | €64,595 | +€435 | +0.7% |
| Financial debts | 43 | €6,667 | €6,835 | +€169 | +2.5% |
| Credit institutions | 430/8 | - | €6,835 | +€6,835 | |
| Other loans | 439 | €6,667 | - | -€6,667 | |
| Trade debts | 44 | €160,667 | €136,695 | -€23,972 | -14.9% |
| Suppliers | 440/4 | €160,667 | €136,695 | -€23,972 | -14.9% |
| Taxes, remuneration and social security | 45 | €23,354 | €50,264 | +€26,910 | +115% |
| Taxes | 450/3 | €23,354 | €50,264 | +€26,910 | +115% |
| Accrued charges and deferred income | 492/3 | €904 | €1,904 | +€1,000 | +111% |
| Remuneration, social security and pensions | 62 | €4,187 | €2,749 | -€1,438 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,499 | €57,796 | +€2,297 | +4.1% |
| Other operating charges | 640/8 | €9,918 | €13,815 | +€3,897 | +39.3% |
| Non-recurring operating charges | 66A | - | €731 | +€731 | |
| Gross operating margin | 9900 | €245,903 | €275,895 | +€29,992 | +12.2% |
| Operating profit (loss) | 9901 | €176,299 | €200,805 | +€24,506 | +13.9% |
| Financial income | 75/76B | €199 | €7,686 | +€7,487 | +3,761% |
| Recurring financial income | 75 | €199 | €7,686 | +€7,487 | +3,761% |
| Financial charges | 65/66B | €26,442 | €23,881 | -€2,560 | -9.7% |
| Recurring financial charges | 65 | €26,442 | €23,881 | -€2,560 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €150,057 | €184,609 | +€34,553 | +23.0% |
| Income taxes | 67/77 | €47,966 | €61,753 | +€13,787 | +28.7% |
| Profit (loss) for the period | 9904 | €102,091 | €122,856 | +€20,766 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €102,091 | €122,856 | +€20,766 | +20.3% |
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.