BOW Design: 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.
BOW Design
Largest movements
- Receivables within one year -€13,852
down €13,852 (-17.2%), from €80,672 to €66,821
of which Trade receivables: -€17,749
- Tangible fixed assets -€9,233
down €9,233 (-9.4%), from €98,599 to €89,367
of which Land and buildings: -€7,526
- Stocks and contracts -€4,582
down €4,582 (-23.0%), from €19,898 to €15,316
- Cash -€3,204
down €3,204 (-87.0%), from €3,684 to €480
mainly Trade debts (-€28,478) and Debts after one year (-€14,532)
- Trade debts -€28,478
down €28,478 (-41.1%), from €69,214 to €40,736
- Tax, wage and social debts +€18,915
up €18,915 (+201.5%), from €9,389 to €28,304
- Debts after one year -€14,532
down €14,532 (-16.5%), from €88,083 to €73,550
- Profit (loss) carried forward -€9,147
down €9,147 (-45.2%), from €20,258 to €11,111
- Write-downs +€17,463
up €17,463, from -€17,463 to €0
- Other operating charges -€17,295
down €17,295 (-81.3%), from €21,269 to €3,973
- Gross operating margin -€7,155
down €7,155 (-34.4%), from €20,795 to €13,640
- Depreciation -€3,885
down €3,885 (-21.7%), from €17,871 to €13,986
- Financial charges +€821
up €821 (+18.0%), from €4,549 to €5,369
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €207,272 | €174,234 | -€33,038 | -15.9% |
| Fixed assets | 21/28 | €102,844 | €91,617 | -€11,227 | -10.9% |
| Tangible fixed assets | 22/27 | €98,599 | €89,367 | -€9,233 | -9.4% |
| Land and buildings | 22 | €91,498 | €83,971 | -€7,526 | -8.2% |
| Plant, machinery and equipment | 23 | €1,498 | €170 | -€1,328 | -88.6% |
| Furniture and vehicles | 24 | €5,604 | €5,225 | -€379 | -6.8% |
| Financial fixed assets | 28 | €4,244 | €2,250 | -€1,994 | -47.0% |
| Current assets | 29/58 | €104,429 | €82,617 | -€21,812 | -20.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €19,898 | €15,316 | -€4,582 | -23.0% |
| Stocks | 30/36 | €19,898 | €15,316 | -€4,582 | -23.0% |
| Amounts receivable within one year | 40/41 | €80,672 | €66,821 | -€13,852 | -17.2% |
| Trade receivables | 40 | €65,256 | €47,507 | -€17,749 | -27.2% |
| Other amounts receivable | 41 | €15,416 | €19,314 | +€3,898 | +25.3% |
| Cash at bank and in hand | 54/58 | €3,684 | €480 | -€3,204 | -87.0% |
| Deferred charges and accrued income | 490/1 | €174 | €0 | -€174 | -100.0% |
| Total equity and liabilities | 10/49 | €207,272 | €174,234 | -€33,038 | -15.9% |
| Equity | 10/15 | €26,258 | €17,111 | -€9,147 | -34.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,258 | €11,111 | -€9,147 | -45.2% |
| Amounts payable | 17/49 | €181,014 | €157,123 | -€23,891 | -13.2% |
| Amounts payable after more than one year | 17 | €88,083 | €73,550 | -€14,532 | -16.5% |
| Financial debts | 170/4 | €88,083 | €73,550 | -€14,532 | -16.5% |
| Amounts payable within one year | 42/48 | €92,668 | €83,573 | -€9,095 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €14,065 | €14,532 | +€468 | +3.3% |
| Trade debts | 44 | €69,214 | €40,736 | -€28,478 | -41.1% |
| Suppliers | 440/4 | €69,214 | €40,736 | -€28,478 | -41.1% |
| Taxes, remuneration and social security | 45 | €9,389 | €28,304 | +€18,915 | +201.5% |
| Taxes | 450/3 | €9,389 | €28,304 | +€18,915 | +201.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €264 | €0 | -€264 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,871 | €13,986 | -€3,885 | -21.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€17,463 | €0 | +€17,463 | |
| Other operating charges | 640/8 | €21,269 | €3,973 | -€17,295 | -81.3% |
| Gross operating margin | 9900 | €20,795 | €13,640 | -€7,155 | -34.4% |
| Operating profit (loss) | 9901 | -€881 | -€4,319 | -€3,438 | -390.2% |
| Financial income | 75/76B | €868 | €952 | +€83 | +9.6% |
| Recurring financial income | 75 | €868 | €952 | +€83 | +9.6% |
| Financial charges | 65/66B | €4,549 | €5,369 | +€821 | +18.0% |
| Recurring financial charges | 65 | €4,549 | €5,369 | +€821 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,561 | -€8,737 | -€4,175 | -91.5% |
| Income taxes | 67/77 | €1,089 | €410 | -€679 | -62.4% |
| Profit (loss) for the period | 9904 | -€5,651 | -€9,147 | -€3,496 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,651 | -€9,147 | -€3,496 | -61.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.