BOUWINVEST: what changed
Two fiscal 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
- Receivables within one year -€80,633
down €80,633 (-91.5%), from €88,095 to €7,462
of which Trade receivables: -€87,400
- Other debts -€141,341
down €141,341 (-56.9%), from €248,236 to €106,895
- Profit (loss) carried forward +€47,298
up €47,298 (+9.1%), from -€520,098 to -€472,800
- Tax, wage and social debts +€18,628
up €18,628 (+23.3%), from €80,012 to €98,640
- Trade debts -€5,906
down €5,906 (-35.8%), from €16,476 to €10,570
- Gross operating margin +€44,909
up €44,909 (+1166.2%), from €3,851 to €48,760
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 | €131,325 | €50,404 | -€80,922 | -61.6% |
| Fixed assets | 21/28 | €8,097 | €7,848 | -€249 | -3.1% |
| Tangible fixed assets | 22/27 | €328 | €79 | -€249 | -75.9% |
| Furniture and vehicles | 24 | €328 | €79 | -€249 | -75.9% |
| Financial fixed assets | 28 | €7,769 | €7,769 | = | 0.0% |
| Current assets | 29/58 | €123,228 | €42,556 | -€80,673 | -65.5% |
| Stocks and contracts in progress | 3 | €34,605 | €34,605 | = | 0.0% |
| Stocks | 30/36 | €34,605 | €34,605 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €88,095 | €7,462 | -€80,633 | -91.5% |
| Trade receivables | 40 | €87,400 | - | -€87,400 | |
| Other amounts receivable | 41 | €695 | €7,462 | +€6,767 | +973.9% |
| Cash at bank and in hand | 54/58 | €58 | €4 | -€54 | -93.6% |
| Deferred charges and accrued income | 490/1 | €471 | €485 | +€14 | +3.0% |
| Total equity and liabilities | 10/49 | €131,325 | €50,404 | -€80,922 | -61.6% |
| Equity | 10/15 | -€213,399 | -€166,101 | +€47,298 | +22.2% |
| Contributions | 10/11 | €88,240 | €88,240 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €26,240 | €26,240 | = | 0.0% |
| Share premium | 1100/10 | €26,240 | €26,240 | = | 0.0% |
| Reserves | 13 | €218,458 | €218,458 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,385 | €5,385 | = | 0.0% |
| Legal reserve | 130 | €5,385 | €5,385 | = | 0.0% |
| Tax-exempt reserves | 132 | €189,011 | €189,011 | = | 0.0% |
| Distributable reserves | 133 | €24,062 | €24,062 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€520,098 | -€472,800 | +€47,298 | +9.1% |
| Amounts payable | 17/49 | €344,724 | €216,505 | -€128,220 | -37.2% |
| Amounts payable within one year | 42/48 | €344,724 | €216,105 | -€128,619 | -37.3% |
| Trade debts | 44 | €16,476 | €10,570 | -€5,906 | -35.8% |
| Suppliers | 440/4 | €16,476 | €10,570 | -€5,906 | -35.8% |
| Taxes, remuneration and social security | 45 | €80,012 | €98,640 | +€18,628 | +23.3% |
| Taxes | 450/3 | €80,012 | €98,640 | +€18,628 | +23.3% |
| Other amounts payable | 47/48 | €248,236 | €106,895 | -€141,341 | -56.9% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Non-recurring operating income | 76A | - | €44,228 | +€44,228 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249 | €249 | = | 0.0% |
| Other operating charges | 640/8 | €1,138 | €912 | -€226 | -19.9% |
| Gross operating margin | 9900 | €3,851 | €48,760 | +€44,909 | +1166.2% |
| Operating profit (loss) | 9901 | €2,464 | €47,600 | +€45,135 | +1831.7% |
| Financial income | 75/76B | €16 | €0 | -€16 | -99.1% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -99.1% |
| Financial charges | 65/66B | €589 | €302 | -€287 | -48.8% |
| Recurring financial charges | 65 | €589 | €302 | -€287 | -48.8% |
| Profit (loss) for the period before taxes | 9903 | €1,891 | €47,298 | +€45,407 | +2400.6% |
| Profit (loss) for the period | 9904 | €1,891 | €47,298 | +€45,407 | +2400.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,891 | €47,298 | +€45,407 | +2400.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.