Bouwnatie: what changed
Bouwnatie
Largest movements
- Stocks and contracts +€117,921
up €117,921 (+22.7%), from €519,170 to €637,091
- Receivables within one year +€37,081
up €37,081 (+70.1%), from €52,884 to €89,965
of which Trade receivables: +€30,852
- Short-term financial debts +€172,831
up €172,831 (+34.7%), from €498,570 to €671,402
- Profit (loss) carried forward -€50,915
down €50,915 (-134%), from -€38,054 to -€88,969
- Other debts +€30,752
up €30,752 (+58.7%), from €52,362 to €83,113
- Financial charges +€26,846
up €26,846 (+122%), from €21,973 to €48,818
- Gross operating margin +€4,140
up €4,140 (+67.2%), from -€6,163 to -€2,022
- Financial income -€337
no longer reported in 2025 (was €337)
- Other operating charges -€310
down €310 (-80.6%), from €384 to €75
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €572,871 | €727,216 | +€154,346 | +26.9% |
| Current assets | 29/58 | €572,871 | €727,216 | +€154,346 | +26.9% |
| Stocks and contracts in progress | 3 | €519,170 | €637,091 | +€117,921 | +22.7% |
| Stocks | 30/36 | €519,170 | €637,091 | +€117,921 | +22.7% |
| Amounts receivable within one year | 40/41 | €52,884 | €89,965 | +€37,081 | +70.1% |
| Trade receivables | 40 | €22,050 | €52,902 | +€30,852 | +140% |
| Other amounts receivable | 41 | €30,834 | €37,063 | +€6,229 | +20.2% |
| Cash at bank and in hand | 54/58 | €816 | €160 | -€657 | -80.4% |
| Total equity and liabilities | 10/49 | €572,871 | €727,216 | +€154,346 | +26.9% |
| Equity | 10/15 | -€33,054 | -€83,969 | -€50,915 | -154% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,054 | -€88,969 | -€50,915 | -134% |
| Amounts payable | 17/49 | €605,924 | €811,185 | +€205,261 | +33.9% |
| Amounts payable within one year | 42/48 | €605,924 | €811,185 | +€205,261 | +33.9% |
| Financial debts | 43 | €498,570 | €671,402 | +€172,831 | +34.7% |
| Credit institutions | 430/8 | €498,570 | €671,402 | +€172,831 | +34.7% |
| Trade debts | 44 | €54,992 | €56,244 | +€1,252 | +2.3% |
| Suppliers | 440/4 | €54,992 | €56,244 | +€1,252 | +2.3% |
| Taxes, remuneration and social security | 45 | - | €426 | +€426 | |
| Taxes | 450/3 | - | €426 | +€426 | |
| Other amounts payable | 47/48 | €52,362 | €83,113 | +€30,752 | +58.7% |
| Other operating charges | 640/8 | €384 | €75 | -€310 | -80.6% |
| Gross operating margin | 9900 | -€6,163 | -€2,022 | +€4,140 | +67.2% |
| Operating profit (loss) | 9901 | -€6,547 | -€2,097 | +€4,450 | +68.0% |
| Financial income | 75/76B | €337 | - | -€337 | |
| Recurring financial income | 75 | €337 | - | -€337 | |
| Financial charges | 65/66B | €21,973 | €48,818 | +€26,846 | +122% |
| Recurring financial charges | 65 | €21,973 | €48,818 | +€26,846 | +122% |
| Profit (loss) for the period before taxes | 9903 | -€28,182 | -€50,915 | -€22,733 | -80.7% |
| Profit (loss) for the period | 9904 | -€28,182 | -€50,915 | -€22,733 | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,182 | -€50,915 | -€22,733 | -80.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.