Bouwlink: 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.
Bouwlink
Largest movements
- Cash +€50,926
up €50,926 (+27.5%), from €185,054 to €235,980
mainly Advances received (+€149,092) and Trade debts (+€60,865)
- Receivables within one year +€48,111
up €48,111 (+41.9%), from €114,731 to €162,842
of which Trade receivables: +€60,255
- Intangible fixed assets -€15,161
down €15,161 (-66.5%), from €22,792 to €7,631
- Advances received +€149,092
up €149,092 (+76.8%), from €194,016 to €343,108
- Profit (loss) carried forward -€96,194
new in 2025: -€96,194
- Trade debts +€60,865
up €60,865 (+75.0%), from €81,176 to €142,041
- Reserves -€30,401
no longer reported in 2025 (was €30,401)
- Tax, wage and social debts +€7,052
up €7,052 (+85.7%), from €8,228 to €15,280
- Gross operating margin -€221,314
down €221,314, from €96,389 to -€124,925
- Financial charges -€9,400
down €9,400 (-99.9%), from €9,405 to €5
- Taxes -€8,228
no longer reported in 2025 (was €8,228)
- Depreciation +€1,498
up €1,498 (+240%), from €624 to €2,123
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 | €328,639 | €414,335 | +€85,696 | +26.1% |
| Fixed assets | 21/28 | €22,792 | €9,753 | -€13,039 | -57.2% |
| Intangible fixed assets | 21 | €22,792 | €7,631 | -€15,161 | -66.5% |
| Tangible fixed assets | 22/27 | - | €2,122 | +€2,122 | |
| Furniture and vehicles | 24 | - | €2,122 | +€2,122 | |
| Current assets | 29/58 | €305,847 | €404,581 | +€98,735 | +32.3% |
| Stocks and contracts in progress | 3 | €2,084 | €2,833 | +€749 | +35.9% |
| Contracts in progress | 37 | €2,084 | €2,833 | +€749 | +35.9% |
| Amounts receivable within one year | 40/41 | €114,731 | €162,842 | +€48,111 | +41.9% |
| Trade receivables | 40 | €102,294 | €162,549 | +€60,255 | +58.9% |
| Other amounts receivable | 41 | €12,436 | €293 | -€12,143 | -97.6% |
| Cash at bank and in hand | 54/58 | €185,054 | €235,980 | +€50,926 | +27.5% |
| Deferred charges and accrued income | 490/1 | €3,978 | €2,926 | -€1,052 | -26.4% |
| Total equity and liabilities | 10/49 | €328,639 | €414,335 | +€85,696 | +26.1% |
| Equity | 10/15 | €40,401 | -€86,194 | -€126,595 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €30,401 | - | -€30,401 | |
| Distributable reserves | 133 | €30,401 | - | -€30,401 | |
| Profit (loss) carried forward | 14 | - | -€96,194 | -€96,194 | |
| Amounts payable | 17/49 | €288,238 | €500,529 | +€212,291 | +73.7% |
| Amounts payable within one year | 42/48 | €288,238 | €500,429 | +€212,191 | +73.6% |
| Trade debts | 44 | €81,176 | €142,041 | +€60,865 | +75.0% |
| Suppliers | 440/4 | €81,176 | €142,041 | +€60,865 | +75.0% |
| Advances received on contracts in progress | 46 | €194,016 | €343,108 | +€149,092 | +76.8% |
| Taxes, remuneration and social security | 45 | €8,228 | €15,280 | +€7,052 | +85.7% |
| Taxes | 450/3 | €8,228 | €15,280 | +€7,052 | +85.7% |
| Other amounts payable | 47/48 | €4,818 | - | -€4,818 | |
| Accrued charges and deferred income | 492/3 | - | €100 | +€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €624 | €2,123 | +€1,498 | +240% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €96,389 | -€124,925 | -€221,314 | |
| Operating profit (loss) | 9901 | €95,259 | -€127,567 | -€222,826 | |
| Financial income | 75/76B | €47 | €977 | +€930 | +1,962% |
| Recurring financial income | 75 | €47 | €977 | +€930 | +1,962% |
| Financial charges | 65/66B | €9,405 | €5 | -€9,400 | -99.9% |
| Recurring financial charges | 65 | €9,405 | €5 | -€9,400 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | €85,901 | -€126,595 | -€212,497 | |
| Income taxes | 67/77 | €8,228 | - | -€8,228 | |
| Profit (loss) for the period | 9904 | €77,674 | -€126,595 | -€204,269 | |
| Profit (loss) for the period to be appropriated | 9905 | €77,674 | -€126,595 | -€204,269 |
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 25 October 2026 via checked.be.