BOUWINVEST: 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.
BOUWINVEST
Largest movements
- Cash -€116,729
down €116,729 (-50.0%), from €233,412 to €116,682
mainly Receivables within one year (-€83,688) and Debts after one year (-€47,357)
- Receivables within one year +€83,688
up €83,688 (+13.9%), from €603,429 to €687,117
- Debts after one year -€47,357
down €47,357 (-6.8%), from €693,912 to €646,555
- Gross operating margin -€16,852
down €16,852 (-12.4%), from €136,064 to €119,211
- Taxes -€14,931
down €14,931 (-100.0%), from €14,933 to €3
- Depreciation +€7,702
up €7,702 (+22.7%), from €33,973 to €41,675
- Financial income +€3,471
up €3,471 (+20.8%), from €16,694 to €20,165
- Other operating charges +€1,935
up €1,935 (+8.6%), from €22,484 to €24,419
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 | €4,520,235 | €4,471,150 | -€49,084 | -1.1% |
| Fixed assets | 21/28 | €1,291,478 | €1,249,803 | -€41,675 | -3.2% |
| Tangible fixed assets | 22/27 | €1,272,878 | €1,231,203 | -€41,675 | -3.3% |
| Land and buildings | 22 | €1,272,878 | €1,231,203 | -€41,675 | -3.3% |
| Financial fixed assets | 28 | €18,600 | €18,600 | = | 0.0% |
| Current assets | 29/58 | €3,228,757 | €3,221,347 | -€7,410 | -0.2% |
| Stocks and contracts in progress | 3 | €2,364,271 | €2,364,271 | = | 0.0% |
| Stocks | 30/36 | €2,364,271 | €2,364,271 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €603,429 | €687,117 | +€83,688 | +13.9% |
| Other amounts receivable | 41 | €603,429 | €687,117 | +€83,688 | +13.9% |
| Cash at bank and in hand | 54/58 | €233,412 | €116,682 | -€116,729 | -50.0% |
| Deferred charges and accrued income | 490/1 | €27,646 | €53,277 | +€25,631 | +92.7% |
| Total equity and liabilities | 10/49 | €4,520,235 | €4,471,150 | -€49,084 | -1.1% |
| Equity | 10/15 | €2,849,225 | €2,887,388 | +€38,163 | +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 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,781,025 | €2,819,188 | +€38,163 | +1.4% |
| Amounts payable | 17/49 | €1,671,010 | €1,583,763 | -€87,248 | -5.2% |
| Amounts payable after more than one year | 17 | €693,912 | €646,555 | -€47,357 | -6.8% |
| Financial debts | 170/4 | €693,912 | €646,555 | -€47,357 | -6.8% |
| Amounts payable within one year | 42/48 | €977,099 | €936,658 | -€40,441 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €46,504 | €47,433 | +€929 | +2.0% |
| Trade debts | 44 | €6,746 | €155 | -€6,590 | -97.7% |
| Suppliers | 440/4 | €6,746 | €155 | -€6,590 | -97.7% |
| Taxes, remuneration and social security | 45 | €14,858 | €14,858 | = | 0.0% |
| Taxes | 450/3 | €14,858 | €14,858 | = | 0.0% |
| Other amounts payable | 47/48 | €908,990 | €874,211 | -€34,780 | -3.8% |
| Accrued charges and deferred income | 492/3 | - | €550 | +€550 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,973 | €41,675 | +€7,702 | +22.7% |
| Other operating charges | 640/8 | €22,484 | €24,419 | +€1,935 | +8.6% |
| Gross operating margin | 9900 | €136,064 | €119,211 | -€16,852 | -12.4% |
| Operating profit (loss) | 9901 | €79,607 | €53,118 | -€26,489 | -33.3% |
| Financial income | 75/76B | €16,694 | €20,165 | +€3,471 | +20.8% |
| Recurring financial income | 75 | €16,694 | €20,165 | +€3,471 | +20.8% |
| Financial charges | 65/66B | €41,825 | €40,635 | -€1,190 | -2.8% |
| Recurring financial charges | 65 | €41,825 | €40,635 | -€1,190 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €54,476 | €32,647 | -€21,828 | -40.1% |
| Income taxes | 67/77 | €14,933 | €3 | -€14,931 | -100.0% |
| Profit (loss) for the period | 9904 | €39,543 | €32,645 | -€6,898 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,543 | €32,645 | -€6,898 | -17.4% |
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 21 October 2026 via checked.be.