BOUWHULP: 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.
BOUWHULP
Largest movements
- Receivables within one year -€8,944
down €8,944 (-22.9%), from €39,017 to €30,073
- Debts after one year -€8,330
down €8,330 (-85.6%), from €9,736 to €1,406
- Reserves -€1,092
down €1,092 (-12.3%), from €8,878 to €7,786
- Gross operating margin -€3,342
down €3,342, from €3,247 to -€94
- Financial charges -€423
down €423 (-45.6%), from €928 to €505
- Other operating charges -€147
down €147 (-27.5%), from €534 to €387
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.
Cash bridge derived
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 | €39,635 | €30,282 | -€9,353 | -23.6% |
| Fixed assets | 21/28 | €105 | - | -€105 | |
| Tangible fixed assets | 22/27 | €105 | - | -€105 | |
| Plant, machinery and equipment | 23 | €105 | - | -€105 | |
| Current assets | 29/58 | €39,530 | €30,282 | -€9,247 | -23.4% |
| Amounts receivable within one year | 40/41 | €39,017 | €30,073 | -€8,944 | -22.9% |
| Other amounts receivable | 41 | €39,017 | €30,073 | -€8,944 | -22.9% |
| Cash at bank and in hand | 54/58 | €513 | €209 | -€304 | -59.2% |
| Total equity and liabilities | 10/49 | €39,635 | €30,282 | -€9,353 | -23.6% |
| Equity | 10/15 | €11,378 | €10,286 | -€1,092 | -9.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €8,878 | €7,786 | -€1,092 | -12.3% |
| Distributable reserves | 133 | €8,878 | €7,786 | -€1,092 | -12.3% |
| Amounts payable | 17/49 | €28,257 | €19,997 | -€8,261 | -29.2% |
| Amounts payable after more than one year | 17 | €9,736 | €1,406 | -€8,330 | -85.6% |
| Financial debts | 170/4 | €9,736 | €1,406 | -€8,330 | -85.6% |
| Amounts payable within one year | 42/48 | €18,522 | €18,590 | +€69 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €8,146 | €8,330 | +€184 | +2.3% |
| Other amounts payable | 47/48 | €10,376 | €10,261 | -€115 | -1.1% |
| Non-recurring operating income | 76A | €8,332 | - | -€8,332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138 | €105 | -€32 | -23.6% |
| Other operating charges | 640/8 | €534 | €387 | -€147 | -27.5% |
| Gross operating margin | 9900 | €3,247 | -€94 | -€3,342 | |
| Operating profit (loss) | 9901 | €2,576 | -€587 | -€3,163 | |
| Financial charges | 65/66B | €928 | €505 | -€423 | -45.6% |
| Recurring financial charges | 65 | €928 | €505 | -€423 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €1,648 | -€1,092 | -€2,739 | |
| Profit (loss) for the period | 9904 | €1,648 | -€1,092 | -€2,739 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,648 | -€1,092 | -€2,739 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.