BOUWONDERZOEK: 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.
BOUWONDERZOEK
Largest movements
- Tangible fixed assets -€113,630
down €113,630 (-2.0%), from €5.7m to €5.6m
of which Land and buildings: -€99,728
- Debts after one year -€158,211
down €158,211 (-2.9%), from €5.4m to €5.2m
of which Financial debts: -€154,241
- Reserves +€88,561
up €88,561 (+32.0%), from €276,332 to €364,893
- Gross operating margin +€176,632
up €176,632 (+77.2%), from €228,837 to €405,469
- Financial charges +€60,760
up €60,760 (+84.6%), from €71,859 to €132,619
- Depreciation +€47,170
up €47,170 (+71.0%), from €66,460 to €113,630
- Taxes +€16,959
up €16,959 (+69.6%), from €24,370 to €41,329
- Other operating charges +€11,298
up €11,298 (+62.1%), from €18,188 to €29,486
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 | €5,813,483 | €5,744,739 | -€68,744 | -1.2% |
| Fixed assets | 21/28 | €5,747,375 | €5,633,745 | -€113,630 | -2.0% |
| Tangible fixed assets | 22/27 | €5,747,375 | €5,633,745 | -€113,630 | -2.0% |
| Land and buildings | 22 | €5,643,959 | €5,544,231 | -€99,728 | -1.8% |
| Plant, machinery and equipment | 23 | €33,658 | €27,093 | -€6,565 | -19.5% |
| Furniture and vehicles | 24 | €69,758 | €62,421 | -€7,337 | -10.5% |
| Current assets | 29/58 | €66,108 | €110,994 | +€44,886 | +67.9% |
| Amounts receivable within one year | 40/41 | €4,165 | €19,453 | +€15,288 | +367% |
| Trade receivables | 40 | - | €14,542 | +€14,542 | |
| Other amounts receivable | 41 | €4,165 | €4,910 | +€746 | +17.9% |
| Current investments | 50/53 | €6,080 | €6,147 | +€67 | +1.1% |
| Cash at bank and in hand | 54/58 | €51,818 | €82,366 | +€30,548 | +59.0% |
| Deferred charges and accrued income | 490/1 | €4,045 | €3,028 | -€1,017 | -25.1% |
| Total equity and liabilities | 10/49 | €5,813,483 | €5,744,739 | -€68,744 | -1.2% |
| Equity | 10/15 | €286,332 | €374,893 | +€88,561 | +30.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €276,332 | €364,893 | +€88,561 | +32.0% |
| Distributable reserves | 133 | €276,332 | €364,893 | +€88,561 | +32.0% |
| Amounts payable | 17/49 | €5,527,151 | €5,369,846 | -€157,305 | -2.8% |
| Amounts payable after more than one year | 17 | €5,364,253 | €5,206,041 | -€158,211 | -2.9% |
| Financial debts | 170/4 | €3,878,250 | €3,724,009 | -€154,241 | -4.0% |
| Other amounts payable | 178/9 | €1,486,003 | €1,482,032 | -€3,971 | -0.3% |
| Amounts payable within one year | 42/48 | €160,249 | €161,536 | +€1,287 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €149,187 | €154,241 | +€5,053 | +3.4% |
| Trade debts | 44 | €9,917 | €6,351 | -€3,567 | -36.0% |
| Suppliers | 440/4 | €9,917 | €6,351 | -€3,567 | -36.0% |
| Other amounts payable | 47/48 | €1,145 | €945 | -€200 | -17.5% |
| Accrued charges and deferred income | 492/3 | €2,649 | €2,268 | -€381 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,460 | €113,630 | +€47,170 | +71.0% |
| Other operating charges | 640/8 | €18,188 | €29,486 | +€11,298 | +62.1% |
| Gross operating margin | 9900 | €228,837 | €405,469 | +€176,632 | +77.2% |
| Operating profit (loss) | 9901 | €144,189 | €262,353 | +€118,164 | +82.0% |
| Financial income | 75/76B | €6,080 | €156 | -€5,924 | -97.4% |
| Recurring financial income | 75 | €6,080 | €156 | -€5,924 | -97.4% |
| Financial charges | 65/66B | €71,859 | €132,619 | +€60,760 | +84.6% |
| Recurring financial charges | 65 | €71,859 | €132,619 | +€60,760 | +84.6% |
| Profit (loss) for the period before taxes | 9903 | €78,411 | €129,890 | +€51,479 | +65.7% |
| Income taxes | 67/77 | €24,370 | €41,329 | +€16,959 | +69.6% |
| Profit (loss) for the period | 9904 | €54,041 | €88,561 | +€34,521 | +63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,041 | €88,561 | +€34,521 | +63.9% |
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 26 October 2026 via checked.be.