BOUWHEER DEVELOPMENT GROUP: what changed
What changed
BOUWHEER DEVELOPMENT GROUP
NACE 46.190, Agents in non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
-€64,586
2024 · -€142,608+€78,022
Equity
-€619,493
2024 · -€554,906-€64,586
Cash
€21,001
2024 · €81,107-€60,106
Balance sheet total
€624,271
2024 · €657,911-€33,640
Largest movements
Assets
- Cash -€60,106
down €60,106 (-74.1%), from €81,107 to €21,001
mainly Net result for the year (-€64,586) and Debts after one year (-€21,706)
- Stocks and contracts +€16,473
up €16,473 (+3.5%), from €466,573 to €483,046
- Receivables within one year +€10,611
up €10,611 (+169%), from €6,282 to €16,893
of which Trade receivables: +€8,502
Equity and liabilities
- Profit (loss) carried forward -€64,586
down €64,586 (-10.6%), from -€606,766 to -€671,353
- Other debts +€49,921
up €49,921 (+8.6%), from €580,425 to €630,346
- Debts after one year -€21,706
down €21,706 (-3.6%), from €602,442 to €580,736
Income statement
- Gross operating margin +€53,943
up €53,943, from -€45,162 to €8,781
- Financial charges -€13,969
down €13,969 (-33.9%), from €41,258 to €27,289
- Staff costs -€7,150
down €7,150 (-13.9%), from €51,350 to €44,199
- Other operating charges -€1,579
down €1,579 (-35.5%), from €4,453 to €2,874
- Depreciation -€1,288
down €1,288 (-33.6%), from €3,835 to €2,547
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€142,608
Gross operating margin
+€53,943
Staff costs
+€7,150
Depreciation
+€1,288
Other operating charges
+€1,579
Financial income
+€91
Financial charges
+€13,969
Result 2025
-€64,586
raises the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€42,877
Investment
€0
Financing
-€17,229
Cash 2024
€81,107
From operations (derived)
-€42,877
Net result for the year
-€64,586
Depreciation
+€2,547
Stocks and contracts
-€16,473
Receivables within one year
-€10,611
Deferred charges and accrued income
-€1,929
Trade debts
+€2,732
Tax, wage and social debts
-€4,477
Other debts
+€49,921
Financing
-€17,229
Debts after one year
-€21,706
Current portion of long-term debt
+€966
Short-term financial debts
+€3,511
Cash 2025
€21,001
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €657,911 | €624,271 | -€33,640 | -5.1% |
| Fixed assets | 21/28 | €3,936 | €1,389 | -€2,547 | -64.7% |
| Tangible fixed assets | 22/27 | €3,936 | €1,389 | -€2,547 | -64.7% |
| Plant, machinery and equipment | 23 | €1,629 | €787 | -€842 | -51.7% |
| Furniture and vehicles | 24 | €2,306 | €602 | -€1,704 | -73.9% |
| Current assets | 29/58 | €653,975 | €622,882 | -€31,093 | -4.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €466,573 | €483,046 | +€16,473 | +3.5% |
| Stocks | 30/36 | €466,573 | €483,046 | +€16,473 | +3.5% |
| Amounts receivable within one year | 40/41 | €6,282 | €16,893 | +€10,611 | +169% |
| Trade receivables | 40 | €5,425 | €13,926 | +€8,502 | +157% |
| Other amounts receivable | 41 | €857 | €2,966 | +€2,109 | +246% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €81,107 | €21,001 | -€60,106 | -74.1% |
| Deferred charges and accrued income | 490/1 | €13 | €1,942 | +€1,929 | +14,439% |
| Total equity and liabilities | 10/49 | €657,911 | €624,271 | -€33,640 | -5.1% |
| Equity | 10/15 | -€554,906 | -€619,493 | -€64,586 | -11.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€606,766 | -€671,353 | -€64,586 | -10.6% |
| Amounts payable | 17/49 | €1,212,817 | €1,243,764 | +€30,947 | +2.6% |
| Amounts payable after more than one year | 17 | €602,442 | €580,736 | -€21,706 | -3.6% |
| Financial debts | 170/4 | €602,442 | €580,736 | -€21,706 | -3.6% |
| Amounts payable within one year | 42/48 | €610,375 | €663,028 | +€52,652 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €22,508 | €23,474 | +€966 | +4.3% |
| Financial debts | 43 | €0 | €3,511 | +€3,511 | |
| Credit institutions | 430/8 | €0 | €3,511 | +€3,511 | |
| Trade debts | 44 | €2,965 | €5,697 | +€2,732 | +92.1% |
| Suppliers | 440/4 | €2,965 | €5,697 | +€2,732 | +92.1% |
| Taxes, remuneration and social security | 45 | €4,477 | €0 | -€4,477 | -100% |
| Taxes | 450/3 | €743 | €0 | -€743 | -100% |
| Remuneration and social security | 454/9 | €3,734 | €0 | -€3,734 | -100% |
| Other amounts payable | 47/48 | €580,425 | €630,346 | +€49,921 | +8.6% |
| Remuneration, social security and pensions | 62 | €51,350 | €44,199 | -€7,150 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,835 | €2,547 | -€1,288 | -33.6% |
| Other operating charges | 640/8 | €4,453 | €2,874 | -€1,579 | -35.5% |
| Gross operating margin | 9900 | -€45,162 | €8,781 | +€53,943 | |
| Operating profit (loss) | 9901 | -€104,799 | -€40,838 | +€63,961 | +61.0% |
| Financial income | 75/76B | €3,750 | €3,842 | +€91 | +2.4% |
| Recurring financial income | 75 | €3,750 | €3,842 | +€91 | +2.4% |
| Financial charges | 65/66B | €41,258 | €27,289 | -€13,969 | -33.9% |
| Recurring financial charges | 65 | €41,258 | €27,289 | -€13,969 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | -€142,307 | -€64,286 | +€78,022 | +54.8% |
| Income taxes | 67/77 | €301 | €301 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€142,608 | -€64,586 | +€78,022 | +54.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€142,608 | -€64,586 | +€78,022 | +54.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.