BOUWINDOW: 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.
BOUWINDOW
Largest movements
- Stocks and contracts +€17,243
new in 2025: €17,243
- Receivables within one year +€8,310
up €8,310 (+14.9%), from €55,920 to €64,230
of which Trade receivables: +€8,749
- Cash +€4,668
up €4,668 (+72.1%), from €6,478 to €11,146
mainly Trade debts (+€19,939) and Net result for the year (+€7,316)
- Tangible fixed assets +€1,072
up €1,072 (+284%), from €378 to €1,450
of which Furniture and vehicles: +€1,167
- Trade debts +€19,939
up €19,939 (+42.3%), from €47,131 to €67,070
- Profit (loss) carried forward +€7,316
up €7,316 (+18.2%), from -€40,114 to -€32,798
- Tax, wage and social debts +€2,604
up €2,604 (+12.6%), from €20,710 to €23,314
of which Taxes: +€2,198
- Other debts +€1,435
up €1,435 (+8.7%), from €16,448 to €17,883
- Purchases and services -€70,912
down €70,912 (-22.0%), from €322,216 to €251,304
- Turnover -€66,095
down €66,095 (-18.6%), from €355,217 to €289,122
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 | €62,775 | €94,069 | +€31,294 | +49.9% |
| Fixed assets | 21/28 | €378 | €1,450 | +€1,072 | +284% |
| Tangible fixed assets | 22/27 | €378 | €1,450 | +€1,072 | +284% |
| Plant, machinery and equipment | 23 | €378 | €283 | -€94 | -24.9% |
| Furniture and vehicles | 24 | - | €1,167 | +€1,167 | |
| Current assets | 29/58 | €62,398 | €92,619 | +€30,221 | +48.4% |
| Stocks and contracts in progress | 3 | - | €17,243 | +€17,243 | |
| Stocks | 30/36 | - | €17,243 | +€17,243 | |
| Amounts receivable within one year | 40/41 | €55,920 | €64,230 | +€8,310 | +14.9% |
| Trade receivables | 40 | €55,481 | €64,230 | +€8,749 | +15.8% |
| Other amounts receivable | 41 | €439 | - | -€439 | |
| Cash at bank and in hand | 54/58 | €6,478 | €11,146 | +€4,668 | +72.1% |
| Total equity and liabilities | 10/49 | €62,775 | €94,069 | +€31,294 | +49.9% |
| Equity | 10/15 | -€21,514 | -€14,198 | +€7,316 | +34.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,114 | -€32,798 | +€7,316 | +18.2% |
| Amounts payable | 17/49 | €84,289 | €108,267 | +€23,978 | +28.4% |
| Amounts payable within one year | 42/48 | €84,289 | €108,267 | +€23,978 | +28.4% |
| Trade debts | 44 | €47,131 | €67,070 | +€19,939 | +42.3% |
| Suppliers | 440/4 | €47,131 | €67,070 | +€19,939 | +42.3% |
| Taxes, remuneration and social security | 45 | €20,710 | €23,314 | +€2,604 | +12.6% |
| Taxes | 450/3 | €8,043 | €10,241 | +€2,198 | +27.3% |
| Remuneration and social security | 454/9 | €12,667 | €13,073 | +€406 | +3.2% |
| Other amounts payable | 47/48 | €16,448 | €17,883 | +€1,435 | +8.7% |
| Turnover | 70 | €355,217 | €289,122 | -€66,095 | -18.6% |
| Non-recurring operating income | 76A | €2,118 | €420 | -€1,698 | -80.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €322,216 | €251,304 | -€70,912 | -22.0% |
| Remuneration, social security and pensions | 62 | €22,040 | €25,583 | +€3,543 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,094 | €678 | -€3,417 | -83.5% |
| Other operating charges | 640/8 | €3,290 | €1,259 | -€2,031 | -61.7% |
| Gross operating margin | 9900 | €35,119 | €38,238 | +€3,119 | +8.9% |
| Operating profit (loss) | 9901 | €5,695 | €10,719 | +€5,024 | +88.2% |
| Financial charges | 65/66B | €1,422 | €628 | -€793 | -55.8% |
| Recurring financial charges | 65 | €221 | €265 | +€44 | +19.7% |
| Non-recurring financial charges | 66B | €1,201 | €364 | -€837 | -69.7% |
| Profit (loss) for the period before taxes | 9903 | €4,273 | €10,090 | +€5,817 | +136% |
| Income taxes | 67/77 | €2,902 | €2,775 | -€127 | -4.4% |
| Profit (loss) for the period | 9904 | €1,371 | €7,316 | +€5,945 | +434% |
| Profit (loss) for the period to be appropriated | 9905 | €1,371 | €7,316 | +€5,945 | +434% |
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 19 October 2026 via checked.be.