BOUWDIENST: 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.
BOUWDIENST
Largest movements
- Tangible fixed assets +€37,102
up €37,102 (+40.8%), from €91,019 to €128,121
of which Leasing and similar rights: +€43,200
- Cash +€34,647
up €34,647 (+51.3%), from €67,557 to €102,204
mainly Net result for the year (+€37,881) and Tax, wage and social debts (+€22,713)
- Reserves +€37,881
up €37,881 (+24.1%), from €157,103 to €194,985
- Tax, wage and social debts +€22,713
up €22,713 (+1,000%), from €2,271 to €24,984
- Debts after one year +€14,814
up €14,814 (+15.7%), from €94,233 to €109,047
- Current portion of long-term debt -€8,269
down €8,269 (-20.5%), from €40,386 to €32,117
- Gross operating margin +€51,853
up €51,853 (+106%), from €48,846 to €100,700
- Taxes +€13,075
up €13,075 (+1,535%), from €852 to €13,926
- Depreciation +€11,560
up €11,560 (+217%), from €5,338 to €16,898
- Other operating charges -€2,796
down €2,796 (-66.0%), from €4,237 to €1,440
- Write-downs +€2,500
up €2,500 (+16.7%), from €15,000 to €17,500
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 | €526,674 | €595,859 | +€69,184 | +13.1% |
| Fixed assets | 21/28 | €109,631 | €146,733 | +€37,102 | +33.8% |
| Tangible fixed assets | 22/27 | €91,019 | €128,121 | +€37,102 | +40.8% |
| Land and buildings | 22 | €84,456 | €80,244 | -€4,212 | -5.0% |
| Furniture and vehicles | 24 | €6,563 | €4,677 | -€1,886 | -28.7% |
| Leasing and similar rights | 25 | - | €43,200 | +€43,200 | |
| Financial fixed assets | 28 | €18,612 | €18,612 | = | 0.0% |
| Current assets | 29/58 | €417,044 | €449,126 | +€32,082 | +7.7% |
| Stocks and contracts in progress | 3 | €2,500 | - | -€2,500 | |
| Stocks | 30/36 | €2,500 | - | -€2,500 | |
| Amounts receivable within one year | 40/41 | €346,987 | €346,922 | -€65 | 0.0% |
| Trade receivables | 40 | €25,142 | €18,404 | -€6,738 | -26.8% |
| Other amounts receivable | 41 | €321,845 | €328,518 | +€6,673 | +2.1% |
| Cash at bank and in hand | 54/58 | €67,557 | €102,204 | +€34,647 | +51.3% |
| Total equity and liabilities | 10/49 | €526,674 | €595,859 | +€69,184 | +13.1% |
| Equity | 10/15 | €258,460 | €295,508 | +€37,048 | +14.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €157,103 | €194,985 | +€37,881 | +24.1% |
| Distributable reserves | 133 | €157,103 | €194,985 | +€37,881 | +24.1% |
| Profit (loss) carried forward | 14 | €1,356 | €523 | -€833 | -61.4% |
| Amounts payable | 17/49 | €268,215 | €300,351 | +€32,136 | +12.0% |
| Amounts payable after more than one year | 17 | €94,233 | €109,047 | +€14,814 | +15.7% |
| Financial debts | 170/4 | €94,233 | €109,047 | +€14,814 | +15.7% |
| Amounts payable within one year | 42/48 | €173,981 | €191,304 | +€17,323 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €40,386 | €32,117 | -€8,269 | -20.5% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €5,465 | €8,370 | +€2,904 | +53.1% |
| Suppliers | 440/4 | €5,465 | €8,370 | +€2,904 | +53.1% |
| Taxes, remuneration and social security | 45 | €2,271 | €24,984 | +€22,713 | +1,000% |
| Taxes | 450/3 | €2,271 | €24,984 | +€22,713 | +1,000% |
| Other amounts payable | 47/48 | €859 | €833 | -€26 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,338 | €16,898 | +€11,560 | +217% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,000 | €17,500 | +€2,500 | +16.7% |
| Other operating charges | 640/8 | €4,237 | €1,440 | -€2,796 | -66.0% |
| Gross operating margin | 9900 | €48,846 | €100,700 | +€51,853 | +106% |
| Operating profit (loss) | 9901 | €24,272 | €64,862 | +€40,590 | +167% |
| Financial income | 75/76B | €1,341 | €1,797 | +€455 | +34.0% |
| Recurring financial income | 75 | €1,341 | €1,797 | +€455 | +34.0% |
| Financial charges | 65/66B | €17,315 | €14,851 | -€2,464 | -14.2% |
| Recurring financial charges | 65 | €17,315 | €14,851 | -€2,464 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €8,298 | €51,808 | +€43,510 | +524% |
| Income taxes | 67/77 | €852 | €13,926 | +€13,075 | +1,535% |
| Profit (loss) for the period | 9904 | €7,447 | €37,881 | +€30,435 | +409% |
| Profit (loss) for the period to be appropriated | 9905 | €7,447 | €37,881 | +€30,435 | +409% |
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 26 October 2026 via checked.be.