BOUWMANAGEMENT TEAM: 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.
BOUWMANAGEMENT TEAM
Largest movements
- Receivables within one year -€25,990
down €25,990 (-43.1%), from €60,355 to €34,364
- Cash +€16,421
up €16,421 (+5.0%), from €331,241 to €347,663
mainly Net result for the year (+€39,641) and Receivables within one year (+€25,990)
- Reserves +€39,641
up €39,641 (+13.5%), from €294,276 to €333,917
of which Distributable reserves: +€39,641
- Tax, wage and social debts -€37,830
down €37,830 (-61.1%), from €61,923 to €24,093
- Trade debts -€19,957
no longer reported in 2025 (was €19,957)
- Current portion of long-term debt +€11,750
new in 2025: €11,750
- Gross operating margin -€4,943
down €4,943 (-5.1%), from €97,600 to €92,657
- Depreciation -€3,429
down €3,429 (-46.2%), from €7,422 to €3,993
- Other operating charges +€1,723
up €1,723 (+300%), from €574 to €2,296
- Staff costs +€1,576
up €1,576 (+6.2%), from €25,526 to €27,102
- Financial income +€1,565
up €1,565 (+151%), from €1,038 to €2,603
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 | €409,860 | €403,465 | -€6,396 | -1.6% |
| Fixed assets | 21/28 | €18,010 | €21,438 | +€3,427 | +19.0% |
| Tangible fixed assets | 22/27 | €18,010 | €21,438 | +€3,427 | +19.0% |
| Land and buildings | 22 | €8,551 | €11,321 | +€2,770 | +32.4% |
| Plant, machinery and equipment | 23 | €3,500 | €2,748 | -€752 | -21.5% |
| Furniture and vehicles | 24 | €3,160 | €4,570 | +€1,409 | +44.6% |
| Other tangible fixed assets | 26 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €391,850 | €382,027 | -€9,823 | -2.5% |
| Amounts receivable within one year | 40/41 | €60,355 | €34,364 | -€25,990 | -43.1% |
| Trade receivables | 40 | €60,355 | €34,364 | -€25,990 | -43.1% |
| Cash at bank and in hand | 54/58 | €331,241 | €347,663 | +€16,421 | +5.0% |
| Deferred charges and accrued income | 490/1 | €254 | - | -€254 | |
| Total equity and liabilities | 10/49 | €409,860 | €403,465 | -€6,396 | -1.6% |
| Equity | 10/15 | €327,981 | €367,622 | +€39,641 | +12.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €294,276 | €333,917 | +€39,641 | +13.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €292,416 | €332,057 | +€39,641 | +13.6% |
| Profit (loss) carried forward | 14 | €15,113 | €15,113 | = | 0.0% |
| Amounts payable | 17/49 | €81,879 | €35,843 | -€46,037 | -56.2% |
| Amounts payable within one year | 42/48 | €81,879 | €35,843 | -€46,037 | -56.2% |
| Current portion of amounts payable after more than one year | 42 | - | €11,750 | +€11,750 | |
| Trade debts | 44 | €19,957 | - | -€19,957 | |
| Suppliers | 440/4 | €19,957 | - | -€19,957 | |
| Taxes, remuneration and social security | 45 | €61,923 | €24,093 | -€37,830 | -61.1% |
| Taxes | 450/3 | €61,923 | €24,093 | -€37,830 | -61.1% |
| Remuneration, social security and pensions | 62 | €25,526 | €27,102 | +€1,576 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,422 | €3,993 | -€3,429 | -46.2% |
| Other operating charges | 640/8 | €574 | €2,296 | +€1,723 | +300% |
| Gross operating margin | 9900 | €97,600 | €92,657 | -€4,943 | -5.1% |
| Operating profit (loss) | 9901 | €64,077 | €59,265 | -€4,812 | -7.5% |
| Financial income | 75/76B | €1,038 | €2,603 | +€1,565 | +151% |
| Recurring financial income | 75 | €1,038 | €2,603 | +€1,565 | +151% |
| Financial charges | 65/66B | €175 | €445 | +€270 | +155% |
| Recurring financial charges | 65 | €175 | €445 | +€270 | +155% |
| Profit (loss) for the period before taxes | 9903 | €64,941 | €61,423 | -€3,518 | -5.4% |
| Income taxes | 67/77 | €21,744 | €21,782 | +€37 | +0.2% |
| Profit (loss) for the period | 9904 | €43,196 | €39,641 | -€3,555 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,196 | €39,641 | -€3,555 | -8.2% |
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 31 October 2026 via checked.be.