BOW PARTNERS: 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.
BOW PARTNERS
Largest movements
- Cash -€25,067
down €25,067 (-21.1%), from €119,066 to €93,999
mainly Other debts (-€60,000) and Receivables within one year (-€21,578)
- Receivables within one year +€21,578
up €21,578 (+257%), from €8,412 to €29,990
of which Trade receivables: +€29,852
- Other debts -€60,000
no longer reported in 2025 (was €60,000)
- Reserves +€47,424
up €47,424 (+101%), from €47,069 to €94,493
- Tax, wage and social debts +€11,696
up €11,696 (+100%), from €11,669 to €23,365
- Trade debts -€3,018
down €3,018 (-95.8%), from €3,151 to €133
- Gross operating margin -€57,226
down €57,226 (-49.2%), from €116,238 to €59,012
- Financial income -€1,688
down €1,688 (-63.8%), from €2,648 to €959
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 | €127,888 | €123,990 | -€3,898 | -3.0% |
| Current assets | 29/58 | €127,888 | €123,990 | -€3,898 | -3.0% |
| Amounts receivable within one year | 40/41 | €8,412 | €29,990 | +€21,578 | +257% |
| Trade receivables | 40 | - | €29,852 | +€29,852 | |
| Other amounts receivable | 41 | €8,412 | €138 | -€8,274 | -98.4% |
| Cash at bank and in hand | 54/58 | €119,066 | €93,999 | -€25,067 | -21.1% |
| Deferred charges and accrued income | 490/1 | €410 | - | -€410 | |
| Total equity and liabilities | 10/49 | €127,888 | €123,990 | -€3,898 | -3.0% |
| Equity | 10/15 | €53,069 | €100,493 | +€47,424 | +89.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €47,069 | €94,493 | +€47,424 | +101% |
| Distributable reserves | 133 | €47,069 | €94,493 | +€47,424 | +101% |
| Amounts payable | 17/49 | €74,819 | €23,497 | -€51,322 | -68.6% |
| Amounts payable within one year | 42/48 | €74,819 | €23,497 | -€51,322 | -68.6% |
| Trade debts | 44 | €3,151 | €133 | -€3,018 | -95.8% |
| Suppliers | 440/4 | €3,151 | €133 | -€3,018 | -95.8% |
| Taxes, remuneration and social security | 45 | €11,669 | €23,365 | +€11,696 | +100% |
| Taxes | 450/3 | €11,669 | €23,365 | +€11,696 | +100% |
| Other amounts payable | 47/48 | €60,000 | - | -€60,000 | |
| Other operating charges | 640/8 | - | €128 | +€128 | |
| Gross operating margin | 9900 | €116,238 | €59,012 | -€57,226 | -49.2% |
| Operating profit (loss) | 9901 | €116,238 | €58,884 | -€57,354 | -49.3% |
| Financial income | 75/76B | €2,648 | €959 | -€1,688 | -63.8% |
| Recurring financial income | 75 | €2,648 | €959 | -€1,688 | -63.8% |
| Financial charges | 65/66B | €48 | €522 | +€474 | +987% |
| Recurring financial charges | 65 | €48 | €522 | +€474 | +987% |
| Profit (loss) for the period before taxes | 9903 | €118,838 | €59,321 | -€59,517 | -50.1% |
| Income taxes | 67/77 | €11,769 | €11,898 | +€128 | +1.1% |
| Profit (loss) for the period | 9904 | €107,069 | €47,424 | -€59,645 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €107,069 | €47,424 | -€59,645 | -55.7% |
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 13 October 2026 via checked.be.