BOUWEN: 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.
BOUWEN
Largest movements
- Current investments -€240,112
down €240,112 (-37.5%), from €640,112 to €400,000
- Tangible fixed assets -€30,895
down €30,895 (-7.6%), from €405,603 to €374,708
of which Land and buildings: -€22,055
- Cash +€23,438
up €23,438 (+159%), from €14,768 to €38,206
mainly Current investments (+€240,112) and Depreciation (+€30,895)
- Tax, wage and social debts -€219,262
no longer reported in 2025 (was €219,262)
- Gross operating margin -€711,699
down €711,699 (-99.2%), from €717,572 to €5,872
- Taxes -€220,545
down €220,545 (-99.4%), from €221,788 to €1,244
- Financial income +€8,395
up €8,395 (+96.4%), from €8,708 to €17,103
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 | €1,062,728 | €822,008 | -€240,721 | -22.7% |
| Fixed assets | 21/28 | €405,603 | €374,708 | -€30,895 | -7.6% |
| Tangible fixed assets | 22/27 | €405,603 | €374,708 | -€30,895 | -7.6% |
| Land and buildings | 22 | €396,763 | €374,708 | -€22,055 | -5.6% |
| Furniture and vehicles | 24 | €8,840 | - | -€8,840 | |
| Current assets | 29/58 | €657,125 | €447,300 | -€209,825 | -31.9% |
| Amounts receivable within one year | 40/41 | €100 | €6,487 | +€6,387 | +6,387% |
| Other amounts receivable | 41 | €100 | €6,487 | +€6,387 | +6,387% |
| Current investments | 50/53 | €640,112 | €400,000 | -€240,112 | -37.5% |
| Cash at bank and in hand | 54/58 | €14,768 | €38,206 | +€23,438 | +159% |
| Deferred charges and accrued income | 490/1 | €2,145 | €2,607 | +€462 | +21.5% |
| Total equity and liabilities | 10/49 | €1,062,728 | €822,008 | -€240,721 | -22.7% |
| Equity | 10/15 | €761,872 | €751,729 | -€10,144 | -1.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €699,872 | €690,301 | -€9,571 | -1.4% |
| Non-distributable reserves | 130/1 | €12,700 | €12,700 | = | 0.0% |
| Legal reserve | 130 | €12,700 | €12,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €114,857 | €105,286 | -€9,571 | -8.3% |
| Distributable reserves | 133 | €572,315 | €572,315 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€572 | -€572 | |
| Provisions and deferred taxes | 16 | €59,143 | €54,214 | -€4,929 | -8.3% |
| Deferred taxes | 168 | €59,143 | €54,214 | -€4,929 | -8.3% |
| Amounts payable | 17/49 | €241,713 | €16,065 | -€225,648 | -93.4% |
| Amounts payable within one year | 42/48 | €241,713 | €16,065 | -€225,648 | -93.4% |
| Trade debts | 44 | €8,948 | €5,858 | -€3,090 | -34.5% |
| Suppliers | 440/4 | €8,948 | €5,858 | -€3,090 | -34.5% |
| Taxes, remuneration and social security | 45 | €219,262 | - | -€219,262 | |
| Taxes | 450/3 | €219,262 | - | -€219,262 | |
| Other amounts payable | 47/48 | €13,503 | €10,207 | -€3,296 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,895 | €30,895 | = | 0.0% |
| Other operating charges | 640/8 | €7,985 | €5,862 | -€2,123 | -26.6% |
| Gross operating margin | 9900 | €717,572 | €5,872 | -€711,699 | -99.2% |
| Operating profit (loss) | 9901 | €678,691 | -€30,885 | -€709,576 | |
| Financial income | 75/76B | €8,708 | €17,103 | +€8,395 | +96.4% |
| Recurring financial income | 75 | €8,708 | €17,103 | +€8,395 | +96.4% |
| Financial charges | 65/66B | €4,356 | €46 | -€4,310 | -98.9% |
| Recurring financial charges | 65 | €4,356 | €46 | -€4,310 | -98.9% |
| Profit (loss) for the period before taxes | 9903 | €683,043 | -€13,828 | -€696,871 | |
| Transfer from deferred taxes | 780 | €4,929 | €4,929 | = | 0.0% |
| Income taxes | 67/77 | €221,788 | €1,244 | -€220,545 | -99.4% |
| Profit (loss) for the period | 9904 | €466,183 | -€10,144 | -€476,326 | |
| Transfer from tax-exempt reserves | 789 | €9,571 | €9,571 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €475,754 | -€572 | -€476,326 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.