BOUWENS: 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.
BOUWENS
Largest movements
- Current investments +€90,253
up €90,253 (+51.6%), from €175,000 to €265,253
- Cash -€65,684
down €65,684 (-86.9%), from €75,543 to €9,859
mainly Current investments (-€90,253) and Tax, wage and social debts (-€6,326)
- Receivables within one year -€5,255
down €5,255 (-14.2%), from €36,889 to €31,634
of which Other amounts receivable: -€3,946
- Tangible fixed assets -€4,689
down €4,689 (-30.8%), from €15,202 to €10,513
of which Furniture and vehicles: -€4,320
- Reserves +€14,099
up €14,099 (+5.1%), from €274,149 to €288,248
- Other debts +€7,030
new in 2025: €7,030
- Tax, wage and social debts -€6,326
down €6,326 (-31.0%), from €20,438 to €14,112
- Gross operating margin -€89,428
down €89,428 (-77.4%), from €115,570 to €26,142
- Taxes -€27,812
down €27,812 (-78.2%), from €35,556 to €7,744
- Financial income +€2,357
up €2,357 (+46.4%), from €5,076 to €7,434
- Depreciation +€1,247
up €1,247 (+21.6%), from €5,773 to €7,020
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 | €307,667 | €320,262 | +€12,595 | +4.1% |
| Fixed assets | 21/28 | €15,202 | €10,513 | -€4,689 | -30.8% |
| Tangible fixed assets | 22/27 | €15,202 | €10,513 | -€4,689 | -30.8% |
| Plant, machinery and equipment | 23 | €983 | €614 | -€369 | -37.6% |
| Furniture and vehicles | 24 | €14,219 | €9,899 | -€4,320 | -30.4% |
| Current assets | 29/58 | €292,465 | €309,749 | +€17,284 | +5.9% |
| Amounts receivable within one year | 40/41 | €36,889 | €31,634 | -€5,255 | -14.2% |
| Trade receivables | 40 | €32,052 | €30,743 | -€1,309 | -4.1% |
| Other amounts receivable | 41 | €4,837 | €891 | -€3,946 | -81.6% |
| Current investments | 50/53 | €175,000 | €265,253 | +€90,253 | +51.6% |
| Cash at bank and in hand | 54/58 | €75,543 | €9,859 | -€65,684 | -86.9% |
| Deferred charges and accrued income | 490/1 | €5,034 | €3,004 | -€2,029 | -40.3% |
| Total equity and liabilities | 10/49 | €307,667 | €320,262 | +€12,595 | +4.1% |
| Equity | 10/15 | €281,457 | €295,556 | +€14,099 | +5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €274,149 | €288,248 | +€14,099 | +5.1% |
| Distributable reserves | 133 | €274,149 | €288,248 | +€14,099 | +5.1% |
| Profit (loss) carried forward | 14 | €1,108 | €1,108 | = | 0.0% |
| Amounts payable | 17/49 | €26,211 | €24,706 | -€1,505 | -5.7% |
| Amounts payable within one year | 42/48 | €23,209 | €24,706 | +€1,498 | +6.5% |
| Financial debts | 43 | €512 | €728 | +€217 | +42.4% |
| Credit institutions | 430/8 | €512 | €728 | +€217 | +42.4% |
| Trade debts | 44 | €2,260 | €2,836 | +€577 | +25.5% |
| Suppliers | 440/4 | €2,260 | €2,836 | +€577 | +25.5% |
| Taxes, remuneration and social security | 45 | €20,438 | €14,112 | -€6,326 | -31.0% |
| Taxes | 450/3 | €20,438 | €14,112 | -€6,326 | -31.0% |
| Other amounts payable | 47/48 | - | €7,030 | +€7,030 | |
| Accrued charges and deferred income | 492/3 | €3,002 | €0 | -€3,002 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,773 | €7,020 | +€1,247 | +21.6% |
| Other operating charges | 640/8 | €801 | €1,209 | +€408 | +50.9% |
| Non-recurring operating charges | 66A | €1,919 | €0 | -€1,919 | -100% |
| Gross operating margin | 9900 | €115,570 | €26,142 | -€89,428 | -77.4% |
| Operating profit (loss) | 9901 | €107,076 | €17,913 | -€89,163 | -83.3% |
| Financial income | 75/76B | €5,076 | €7,434 | +€2,357 | +46.4% |
| Recurring financial income | 75 | €5,076 | €7,434 | +€2,357 | +46.4% |
| Financial charges | 65/66B | €3,108 | €3,503 | +€395 | +12.7% |
| Recurring financial charges | 65 | €3,108 | €3,503 | +€395 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €109,044 | €21,843 | -€87,201 | -80.0% |
| Income taxes | 67/77 | €35,556 | €7,744 | -€27,812 | -78.2% |
| Profit (loss) for the period | 9904 | €73,488 | €14,099 | -€59,389 | -80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €73,488 | €14,099 | -€59,389 | -80.8% |
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 24 October 2026 via checked.be.