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
- Stocks and contracts -€1.7m
down €1.7m (-97.1%), from €1.7m to €49,859
of which Contracts in progress: -€1.7m
- Cash +€204,127
up €204,127 (+3,421%), from €5,968 to €210,094
mainly Stocks and contracts (+€1.7m) and Investment in fixed assets (net) (+€78,065)
- Receivables within one year +€144,064
up €144,064 (+358%), from €40,235 to €184,299
of which Other amounts receivable: +€126,552
- Tangible fixed assets -€78,396
down €78,396 (-99.0%), from €79,173 to €778
of which Furniture and vehicles: -€71,918
- Short-term financial debts -€999,904
down €999,904 (-99.5%), from €1.0m to €5,099
- Other debts -€151,875
down €151,875 (-54.5%), from €278,854 to €126,979
- Profit (loss) carried forward -€135,138
down €135,138 (-254%), from -€53,249 to -€188,387
- Trade debts -€92,299
down €92,299 (-96.5%), from €95,642 to €3,343
- Debts after one year -€21,688
down €21,688 (-49.0%), from €44,262 to €22,575
- Gross operating margin -€233,759
down €233,759, from €142,774 to -€90,985
- Depreciation -€28,066
down €28,066 (-98.8%), from €28,396 to €330
- Staff costs -€23,867
down €23,867 (-100%), from €23,867 to €0
- Financial charges +€8,449
up €8,449 (+29.3%), from €28,835 to €37,284
- Other operating charges +€2,215
up €2,215 (+58.1%), from €3,811 to €6,026
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 | €1,841,637 | €445,642 | -€1.4m | -75.8% |
| Fixed assets | 21/28 | €79,173 | €778 | -€78,396 | -99.0% |
| Tangible fixed assets | 22/27 | €79,173 | €778 | -€78,396 | -99.0% |
| Land and buildings | 22 | €6,477 | €0 | -€6,477 | -100% |
| Furniture and vehicles | 24 | €72,696 | €778 | -€71,918 | -98.9% |
| Current assets | 29/58 | €1,762,463 | €444,864 | -€1.3m | -74.8% |
| Stocks and contracts in progress | 3 | €1,712,359 | €49,859 | -€1.7m | -97.1% |
| Stocks | 30/36 | €49,859 | €49,859 | = | 0.0% |
| Contracts in progress | 37 | €1,662,500 | €0 | -€1.7m | -100% |
| Amounts receivable within one year | 40/41 | €40,235 | €184,299 | +€144,064 | +358% |
| Trade receivables | 40 | €538 | €18,051 | +€17,512 | +3,252% |
| Other amounts receivable | 41 | €39,696 | €166,248 | +€126,552 | +319% |
| Cash at bank and in hand | 54/58 | €5,968 | €210,094 | +€204,127 | +3,421% |
| Deferred charges and accrued income | 490/1 | €3,902 | €611 | -€3,290 | -84.3% |
| Total equity and liabilities | 10/49 | €1,841,637 | €445,642 | -€1.4m | -75.8% |
| Equity | 10/15 | €390,887 | €255,749 | -€135,138 | -34.6% |
| 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 | €382,135 | €382,135 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €375,935 | €375,935 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,249 | -€188,387 | -€135,138 | -254% |
| Amounts payable | 17/49 | €1,450,750 | €189,893 | -€1.3m | -86.9% |
| Amounts payable after more than one year | 17 | €44,262 | €22,575 | -€21,688 | -49.0% |
| Financial debts | 170/4 | €44,262 | €22,575 | -€21,688 | -49.0% |
| Amounts payable within one year | 42/48 | €1,406,488 | €167,319 | -€1.2m | -88.1% |
| Current portion of amounts payable after more than one year | 42 | €20,835 | €21,688 | +€852 | +4.1% |
| Financial debts | 43 | €1,005,003 | €5,099 | -€999,904 | -99.5% |
| Credit institutions | 430/8 | €1,005,003 | €5,099 | -€999,904 | -99.5% |
| Trade debts | 44 | €95,642 | €3,343 | -€92,299 | -96.5% |
| Suppliers | 440/4 | €95,642 | €3,343 | -€92,299 | -96.5% |
| Taxes, remuneration and social security | 45 | €6,153 | €10,209 | +€4,056 | +65.9% |
| Taxes | 450/3 | €6,153 | €10,209 | +€4,056 | +65.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €278,854 | €126,979 | -€151,875 | -54.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €30,888 | +€30,888 | |
| Remuneration, social security and pensions | 62 | €23,867 | €0 | -€23,867 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,396 | €330 | -€28,066 | -98.8% |
| Other operating charges | 640/8 | €3,811 | €6,026 | +€2,215 | +58.1% |
| Gross operating margin | 9900 | €142,774 | -€90,985 | -€233,759 | |
| Operating profit (loss) | 9901 | €86,700 | -€97,341 | -€184,041 | |
| Financial income | 75/76B | €31 | €103 | +€72 | +234% |
| Recurring financial income | 75 | €31 | €103 | +€72 | +234% |
| Financial charges | 65/66B | €28,835 | €37,284 | +€8,449 | +29.3% |
| Recurring financial charges | 65 | €28,835 | €37,284 | +€8,449 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €57,896 | -€134,522 | -€192,418 | |
| Income taxes | 67/77 | €775 | €616 | -€159 | -20.5% |
| Profit (loss) for the period | 9904 | €57,121 | -€135,138 | -€192,259 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,121 | -€135,138 | -€192,259 |
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 24 October 2026 via checked.be.