BOUWMANAGEMENT: 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.
BOUWMANAGEMENT
Largest movements
- Tangible fixed assets -€269,421
down €269,421 (-18.6%), from €1.4m to €1.2m
of which Land and buildings: -€258,675
- Receivables within one year +€134,789
up €134,789 (+41.6%), from €324,022 to €458,811
of which Other amounts receivable: +€108,519
- Debts after one year -€101,657
down €101,657 (-37.4%), from €272,076 to €170,419
- Profit (loss) carried forward +€62,638
up €62,638 (+168.6%), from €37,151 to €99,789
- Other debts -€52,621
down €52,621 (-9.4%), from €557,818 to €505,197
- Tax, wage and social debts -€27,355
down €27,355 (-71.8%), from €38,100 to €10,745
- Trade debts -€19,377
down €19,377 (-13.1%), from €148,081 to €128,704
- Gross operating margin -€68,858
down €68,858 (-21.1%), from €325,903 to €257,045
- Financial charges -€65,520
down €65,520 (-51.5%), from €127,183 to €61,663
- Other operating charges +€13,796
up €13,796 (+421.4%), from €3,274 to €17,070
- Financial income +€3,400
new in 2025: €3,400
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,783,668 | €1,648,673 | -€134,995 | -7.6% |
| Fixed assets | 21/28 | €1,445,623 | €1,175,839 | -€269,784 | -18.7% |
| Tangible fixed assets | 22/27 | €1,445,260 | €1,175,839 | -€269,421 | -18.6% |
| Land and buildings | 22 | €1,422,042 | €1,163,367 | -€258,675 | -18.2% |
| Plant, machinery and equipment | 23 | €11,197 | €4,181 | -€7,016 | -62.7% |
| Furniture and vehicles | 24 | €12,021 | €8,290 | -€3,731 | -31.0% |
| Financial fixed assets | 28 | €363 | €0 | -€363 | -100.0% |
| Current assets | 29/58 | €338,045 | €472,834 | +€134,789 | +39.9% |
| Stocks and contracts in progress | 3 | €12,500 | €12,500 | = | 0.0% |
| Stocks | 30/36 | €12,500 | €12,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €324,022 | €458,811 | +€134,789 | +41.6% |
| Trade receivables | 40 | €6,086 | €32,356 | +€26,270 | +431.7% |
| Other amounts receivable | 41 | €317,937 | €426,456 | +€108,519 | +34.1% |
| Deferred charges and accrued income | 490/1 | €1,523 | €1,523 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,783,668 | €1,648,673 | -€134,995 | -7.6% |
| Equity | 10/15 | €57,611 | €120,249 | +€62,638 | +108.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,151 | €99,789 | +€62,638 | +168.6% |
| Amounts payable | 17/49 | €1,726,057 | €1,528,424 | -€197,632 | -11.4% |
| Amounts payable after more than one year | 17 | €272,076 | €170,419 | -€101,657 | -37.4% |
| Financial debts | 170/4 | €272,076 | €170,419 | -€101,657 | -37.4% |
| Amounts payable within one year | 42/48 | €1,443,899 | €1,348,230 | -€95,669 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €97,269 | €101,657 | +€4,388 | +4.5% |
| Financial debts | 43 | €602,630 | €601,927 | -€703 | -0.1% |
| Credit institutions | 430/8 | €602,630 | €601,927 | -€703 | -0.1% |
| Trade debts | 44 | €148,081 | €128,704 | -€19,377 | -13.1% |
| Suppliers | 440/4 | €148,081 | €128,704 | -€19,377 | -13.1% |
| Taxes, remuneration and social security | 45 | €38,100 | €10,745 | -€27,355 | -71.8% |
| Taxes | 450/3 | €38,100 | €10,745 | -€27,355 | -71.8% |
| Other amounts payable | 47/48 | €557,818 | €505,197 | -€52,621 | -9.4% |
| Accrued charges and deferred income | 492/3 | €10,081 | €9,775 | -€306 | -3.0% |
| Non-recurring operating income | 76A | €35,518 | €227,923 | +€192,405 | +541.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,481 | €119,074 | +€593 | +0.5% |
| Other operating charges | 640/8 | €3,274 | €17,070 | +€13,796 | +421.4% |
| Gross operating margin | 9900 | €325,903 | €257,045 | -€68,858 | -21.1% |
| Operating profit (loss) | 9901 | €204,148 | €120,900 | -€83,247 | -40.8% |
| Financial income | 75/76B | - | €3,400 | +€3,400 | |
| Recurring financial income | 75 | - | €3,400 | +€3,400 | |
| Financial charges | 65/66B | €127,183 | €61,663 | -€65,520 | -51.5% |
| Recurring financial charges | 65 | €127,183 | €61,663 | -€65,520 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | €76,965 | €62,638 | -€14,327 | -18.6% |
| Income taxes | 67/77 | €629 | - | -€629 | |
| Profit (loss) for the period | 9904 | €76,335 | €62,638 | -€13,697 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €76,335 | €62,638 | -€13,697 | -17.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.