BOUWONDERNEMING NORMAN: 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.
BOUWONDERNEMING NORMAN
Largest movements
- Cash -€17,696
down €17,696 (-16.7%), from €105,872 to €88,176
mainly Contributions, distributions and other (-€27,451) and Investment in fixed assets (net) (-€1,197)
- Receivables within one year -€7,533
down €7,533 (-41.8%), from €18,009 to €10,477
of which Trade receivables: -€10,345
- Reserves -€26,589
down €26,589 (-23.5%), from €113,040 to €86,451
- Trade debts +€2,823
up €2,823 (+956%), from €295 to €3,119
- Gross operating margin -€5,375
down €5,375 (-68.2%), from €7,886 to €2,511
- Taxes -€1,375
down €1,375 (-80.7%), from €1,705 to €330
- Financial income +€505
up €505 (+8,326%), from €6 to €511
- Other operating charges +€122
up €122 (+19.4%), from €631 to €753
- Depreciation +€95
up €95 (+12.1%), from €790 to €885
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 | €126,290 | €102,156 | -€24,135 | -19.1% |
| Fixed assets | 21/28 | €875 | €1,187 | +€312 | +35.7% |
| Tangible fixed assets | 22/27 | €740 | €1,052 | +€312 | +42.2% |
| Plant, machinery and equipment | 23 | €740 | €1,052 | +€312 | +42.2% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €125,416 | €100,969 | -€24,447 | -19.5% |
| Amounts receivable within one year | 40/41 | €18,009 | €10,477 | -€7,533 | -41.8% |
| Trade receivables | 40 | €10,345 | €0 | -€10,345 | -100% |
| Other amounts receivable | 41 | €7,665 | €10,477 | +€2,812 | +36.7% |
| Cash at bank and in hand | 54/58 | €105,872 | €88,176 | -€17,696 | -16.7% |
| Deferred charges and accrued income | 490/1 | €1,534 | €2,317 | +€782 | +51.0% |
| Total equity and liabilities | 10/49 | €126,290 | €102,156 | -€24,135 | -19.1% |
| Equity | 10/15 | €125,540 | €98,951 | -€26,589 | -21.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €113,040 | €86,451 | -€26,589 | -23.5% |
| Distributable reserves | 133 | €113,040 | €86,451 | -€26,589 | -23.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €751 | €3,205 | +€2,454 | +327% |
| Amounts payable within one year | 42/48 | €751 | €3,205 | +€2,454 | +327% |
| Trade debts | 44 | €295 | €3,119 | +€2,823 | +956% |
| Suppliers | 440/4 | €295 | €3,119 | +€2,823 | +956% |
| Taxes, remuneration and social security | 45 | €455 | €86 | -€369 | -81.1% |
| Taxes | 450/3 | €455 | €86 | -€369 | -81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €790 | €885 | +€95 | +12.1% |
| Other operating charges | 640/8 | €631 | €753 | +€122 | +19.4% |
| Gross operating margin | 9900 | €7,886 | €2,511 | -€5,375 | -68.2% |
| Operating profit (loss) | 9901 | €6,465 | €873 | -€5,592 | -86.5% |
| Financial income | 75/76B | €6 | €511 | +€505 | +8,326% |
| Recurring financial income | 75 | €6 | €511 | +€505 | +8,326% |
| Financial charges | 65/66B | €153 | €192 | +€39 | +25.4% |
| Recurring financial charges | 65 | €153 | €192 | +€39 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €6,318 | €1,192 | -€5,126 | -81.1% |
| Income taxes | 67/77 | €1,705 | €330 | -€1,375 | -80.7% |
| Profit (loss) for the period | 9904 | €4,613 | €862 | -€3,751 | -81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,613 | €862 | -€3,751 | -81.3% |
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 21 October 2026 via checked.be.