BOUWONDERNEMING NOTERMANS: what changed
BOUWONDERNEMING NOTERMANS
Largest movements
- Stocks and contracts +€187,124
up €187,124 (+179%), from €104,500 to €291,624
of which Contracts in progress: +€112,504
- Tangible fixed assets +€77,334
up €77,334 (+15.5%), from €500,510 to €577,844
of which Furniture and vehicles: +€39,132
- Receivables within one year -€68,361
down €68,361 (-34.1%), from €200,237 to €131,875
of which Other amounts receivable: -€35,278
- Cash -€66,107
down €66,107 (-10.4%), from €633,891 to €567,785
mainly Stocks and contracts (-€187,124) and Investment in fixed assets (net) (-€162,604)
- Deferred charges and accrued income +€24,723
up €24,723 (+76.3%), from €32,405 to €57,128
- Reserves +€136,949
up €136,949 (+11.6%), from €1.2m to €1.3m
of which Distributable reserves: +€136,949
- Trade debts +€61,710
up €61,710 (+172%), from €35,892 to €97,602
- Tax, wage and social debts -€30,957
down €30,957 (-56.5%), from €54,774 to €23,817
of which Taxes: -€20,623
- Gross operating margin -€184,793
down €184,793 (-16.7%), from €1.1m to €919,964
- Taxes -€44,995
down €44,995 (-26.2%), from €171,419 to €126,424
- Staff costs -€40,396
down €40,396 (-8.6%), from €471,923 to €431,527
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 | €1,492,967 | €1,647,680 | +€154,713 | +10.4% |
| Fixed assets | 21/28 | €501,935 | €579,269 | +€77,334 | +15.4% |
| Tangible fixed assets | 22/27 | €500,510 | €577,844 | +€77,334 | +15.5% |
| Land and buildings | 22 | €220,163 | €235,737 | +€15,574 | +7.1% |
| Plant, machinery and equipment | 23 | €123,098 | €145,726 | +€22,627 | +18.4% |
| Furniture and vehicles | 24 | €157,249 | €196,381 | +€39,132 | +24.9% |
| Financial fixed assets | 28 | €1,425 | €1,425 | = | 0.0% |
| Current assets | 29/58 | €991,032 | €1,068,412 | +€77,379 | +7.8% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €104,500 | €291,624 | +€187,124 | +179% |
| Stocks | 30/36 | €83,000 | €157,620 | +€74,620 | +89.9% |
| Contracts in progress | 37 | €21,500 | €134,004 | +€112,504 | +523% |
| Amounts receivable within one year | 40/41 | €200,237 | €131,875 | -€68,361 | -34.1% |
| Trade receivables | 40 | €151,251 | €118,168 | -€33,083 | -21.9% |
| Other amounts receivable | 41 | €48,985 | €13,707 | -€35,278 | -72.0% |
| Cash at bank and in hand | 54/58 | €633,891 | €567,785 | -€66,107 | -10.4% |
| Deferred charges and accrued income | 490/1 | €32,405 | €57,128 | +€24,723 | +76.3% |
| Total equity and liabilities | 10/49 | €1,492,967 | €1,647,680 | +€154,713 | +10.4% |
| Equity | 10/15 | €1,203,435 | €1,340,383 | +€136,949 | +11.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,184,843 | €1,321,791 | +€136,949 | +11.6% |
| Tax-exempt reserves | 132 | €7,900 | €7,900 | = | 0.0% |
| Distributable reserves | 133 | €1,176,943 | €1,313,891 | +€136,949 | +11.6% |
| Amounts payable | 17/49 | €289,533 | €307,297 | +€17,764 | +6.1% |
| Amounts payable within one year | 42/48 | €287,133 | €304,897 | +€17,764 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €9,487 | - | -€9,487 | |
| Trade debts | 44 | €35,892 | €97,602 | +€61,710 | +172% |
| Suppliers | 440/4 | €35,892 | €97,602 | +€61,710 | +172% |
| Taxes, remuneration and social security | 45 | €54,774 | €23,817 | -€30,957 | -56.5% |
| Taxes | 450/3 | €44,441 | €23,817 | -€20,623 | -46.4% |
| Remuneration and social security | 454/9 | €10,334 | - | -€10,334 | |
| Other amounts payable | 47/48 | €186,979 | €183,477 | -€3,502 | -1.9% |
| Accrued charges and deferred income | 492/3 | €2,400 | €2,400 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €471,923 | €431,527 | -€40,396 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,437 | €85,270 | -€3,166 | -3.6% |
| Other operating charges | 640/8 | €6,650 | €9,347 | +€2,697 | +40.6% |
| Gross operating margin | 9900 | €1,104,757 | €919,964 | -€184,793 | -16.7% |
| Operating profit (loss) | 9901 | €537,748 | €393,820 | -€143,928 | -26.8% |
| Financial income | 75/76B | €4,449 | €3,405 | -€1,044 | -23.5% |
| Recurring financial income | 75 | €4,449 | €3,405 | -€1,044 | -23.5% |
| Financial charges | 65/66B | €601 | €810 | +€209 | +34.8% |
| Recurring financial charges | 65 | €601 | €810 | +€209 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €541,595 | €396,414 | -€145,181 | -26.8% |
| Income taxes | 67/77 | €171,419 | €126,424 | -€44,995 | -26.2% |
| Profit (loss) for the period | 9904 | €370,176 | €269,990 | -€100,186 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €370,176 | €269,990 | -€100,186 | -27.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.