BOUWR: what changed
Two fiscal 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.
BOUWR
Largest movements
- Cash +€20,552
up €20,552 (+59.2%), from €34,719 to €55,270
mainly Net result for the year (+€40,985) and Depreciation (+€24,125)
- Tangible fixed assets -€14,610
down €14,610 (-13.8%), from €106,131 to €91,521
of which Furniture and vehicles: -€10,169
- Stocks and contracts -€10,466
no longer reported in 2025 (was €10,466)
- Receivables within one year +€3,354
up €3,354 (+6.9%), from €48,311 to €51,665
of which Other amounts receivable: +€11,299
- Deferred charges and accrued income +€2,200
up €2,200 (+141.3%), from €1,557 to €3,757
- Reserves +€40,985
up €40,985 (+50.8%), from €80,752 to €121,738
- Tax, wage and social debts -€17,760
down €17,760 (-31.5%), from €56,383 to €38,623
of which Taxes: -€10,302
- Other debts -€12,700
no longer reported in 2025 (was €12,700)
- Current portion of long-term debt +€12,557
up €12,557 (+255.4%), from €4,917 to €17,474
- Debts after one year -€9,375
down €9,375 (-42.6%), from €22,000 to €12,625
- Gross operating margin +€63,468
up €63,468 (+65.7%), from €96,573 to €160,041
- Staff costs +€35,525
up €35,525 (+115.3%), from €30,818 to €66,343
- Taxes +€7,266
up €7,266 (+67.9%), from €10,693 to €17,959
- Other operating charges +€2,539
up €2,539 (+1055.0%), from €241 to €2,780
- Depreciation +€2,239
up €2,239 (+10.2%), from €21,886 to €24,125
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.
Cash bridge derived
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 | €201,183 | €202,214 | +€1,030 | +0.5% |
| Fixed assets | 21/28 | €106,131 | €91,521 | -€14,610 | -13.8% |
| Tangible fixed assets | 22/27 | €106,131 | €91,521 | -€14,610 | -13.8% |
| Plant, machinery and equipment | 23 | €5,692 | €10,251 | +€4,559 | +80.1% |
| Furniture and vehicles | 24 | €37,439 | €27,271 | -€10,169 | -27.2% |
| Other tangible fixed assets | 26 | €63,000 | €54,000 | -€9,000 | -14.3% |
| Current assets | 29/58 | €95,052 | €110,692 | +€15,640 | +16.5% |
| Stocks and contracts in progress | 3 | €10,466 | - | -€10,466 | |
| Stocks | 30/36 | €10,466 | - | -€10,466 | |
| Amounts receivable within one year | 40/41 | €48,311 | €51,665 | +€3,354 | +6.9% |
| Trade receivables | 40 | €48,311 | €40,366 | -€7,945 | -16.4% |
| Other amounts receivable | 41 | - | €11,299 | +€11,299 | |
| Cash at bank and in hand | 54/58 | €34,719 | €55,270 | +€20,552 | +59.2% |
| Deferred charges and accrued income | 490/1 | €1,557 | €3,757 | +€2,200 | +141.3% |
| Total equity and liabilities | 10/49 | €201,183 | €202,214 | +€1,030 | +0.5% |
| Equity | 10/15 | €85,752 | €121,738 | +€35,985 | +42.0% |
| Contributions | 10/11 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €80,752 | €121,738 | +€40,985 | +50.8% |
| Distributable reserves | 133 | €80,752 | €121,738 | +€40,985 | +50.8% |
| Amounts payable | 17/49 | €115,431 | €80,476 | -€34,955 | -30.3% |
| Amounts payable after more than one year | 17 | €22,000 | €12,625 | -€9,375 | -42.6% |
| Financial debts | 170/4 | €22,000 | €12,625 | -€9,375 | -42.6% |
| Amounts payable within one year | 42/48 | €87,931 | €66,736 | -€21,195 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €4,917 | €17,474 | +€12,557 | +255.4% |
| Trade debts | 44 | €13,532 | €10,240 | -€3,292 | -24.3% |
| Suppliers | 440/4 | €13,532 | €10,240 | -€3,292 | -24.3% |
| Advances received on contracts in progress | 46 | €399 | €399 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €56,383 | €38,623 | -€17,760 | -31.5% |
| Taxes | 450/3 | €38,939 | €28,637 | -€10,302 | -26.5% |
| Remuneration and social security | 454/9 | €17,444 | €9,986 | -€7,458 | -42.8% |
| Other amounts payable | 47/48 | €12,700 | - | -€12,700 | |
| Accrued charges and deferred income | 492/3 | €5,500 | €1,115 | -€4,385 | -79.7% |
| Remuneration, social security and pensions | 62 | €30,818 | €66,343 | +€35,525 | +115.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,886 | €24,125 | +€2,239 | +10.2% |
| Other operating charges | 640/8 | €241 | €2,780 | +€2,539 | +1055.0% |
| Gross operating margin | 9900 | €96,573 | €160,041 | +€63,468 | +65.7% |
| Operating profit (loss) | 9901 | €43,628 | €66,793 | +€23,165 | +53.1% |
| Financial income | 75/76B | €370 | €355 | -€14 | -3.8% |
| Recurring financial income | 75 | €370 | €355 | -€14 | -3.8% |
| Financial charges | 65/66B | €6,108 | €8,203 | +€2,095 | +34.3% |
| Recurring financial charges | 65 | €5,772 | €7,302 | +€1,530 | +26.5% |
| Non-recurring financial charges | 66B | €336 | €901 | +€566 | +168.4% |
| Profit (loss) for the period before taxes | 9903 | €37,889 | €58,945 | +€21,056 | +55.6% |
| Income taxes | 67/77 | €10,693 | €17,959 | +€7,266 | +67.9% |
| Profit (loss) for the period | 9904 | €27,195 | €40,985 | +€13,790 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,195 | €40,985 | +€13,790 | +50.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.