BOW Trading: 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 Trading
Largest movements
- Receivables within one year -€33,892
down €33,892 (-90.8%), from €37,317 to €3,425
of which Other amounts receivable: -€30,718
- Deferred charges and accrued income +€7,347
up €7,347 (+1,154%), from €637 to €7,984
- Tangible fixed assets -€5,082
down €5,082 (-27.6%), from €18,432 to €13,351
- Reserves -€12,241
down €12,241 (-59.0%), from €20,753 to €8,513
of which Distributable reserves: -€12,241
- Current portion of long-term debt -€9,496
down €9,496 (-56.0%), from €16,963 to €7,467
- Debts after one year -€7,467
down €7,467 (-31.1%), from €24,012 to €16,545
- Short-term financial debts -€5,018
down €5,018 (-100%), from €5,018 to €0
- Other debts +€3,736
up €3,736, from €0 to €3,736
- Gross operating margin -€19,914
down €19,914 (-56.2%), from €35,462 to €15,548
- Taxes +€6,673
up €6,673 (+116%), from €5,755 to €12,427
- Other operating charges +€4,769
up €4,769 (+249%), from €1,913 to €6,682
- Financial income -€581
down €581 (-59.5%), from €977 to €396
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 | €102,645 | €71,801 | -€30,844 | -30.0% |
| Fixed assets | 21/28 | €18,432 | €13,351 | -€5,082 | -27.6% |
| Tangible fixed assets | 22/27 | €18,432 | €13,351 | -€5,082 | -27.6% |
| Furniture and vehicles | 24 | €18,432 | €13,351 | -€5,082 | -27.6% |
| Current assets | 29/58 | €84,212 | €58,450 | -€25,762 | -30.6% |
| Stocks and contracts in progress | 3 | €42,768 | €42,768 | = | 0.0% |
| Stocks | 30/36 | €42,768 | €42,768 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,317 | €3,425 | -€33,892 | -90.8% |
| Trade receivables | 40 | €5,969 | €2,795 | -€3,174 | -53.2% |
| Other amounts receivable | 41 | €31,348 | €630 | -€30,718 | -98.0% |
| Current investments | 50/53 | €3,490 | €3,490 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €0 | €783 | +€783 | |
| Deferred charges and accrued income | 490/1 | €637 | €7,984 | +€7,347 | +1,154% |
| Total equity and liabilities | 10/49 | €102,645 | €71,801 | -€30,844 | -30.0% |
| Equity | 10/15 | €20,853 | €8,613 | -€12,241 | -58.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €20,753 | €8,513 | -€12,241 | -59.0% |
| Non-distributable reserves | 130/1 | €3,490 | €3,490 | = | 0.0% |
| Own shares acquired | 1312 | €3,490 | €3,490 | = | 0.0% |
| Distributable reserves | 133 | €17,263 | €5,023 | -€12,241 | -70.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €81,791 | €63,188 | -€18,603 | -22.7% |
| Amounts payable after more than one year | 17 | €24,012 | €16,545 | -€7,467 | -31.1% |
| Financial debts | 170/4 | €24,012 | €16,545 | -€7,467 | -31.1% |
| Amounts payable within one year | 42/48 | €51,783 | €41,991 | -€9,792 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €16,963 | €7,467 | -€9,496 | -56.0% |
| Financial debts | 43 | €5,018 | €0 | -€5,018 | -100% |
| Credit institutions | 430/8 | €5,018 | €0 | -€5,018 | -100% |
| Trade debts | 44 | €5,115 | €7,406 | +€2,292 | +44.8% |
| Suppliers | 440/4 | €5,115 | €7,406 | +€2,292 | +44.8% |
| Taxes, remuneration and social security | 45 | €24,688 | €23,382 | -€1,306 | -5.3% |
| Taxes | 450/3 | €24,688 | €23,382 | -€1,306 | -5.3% |
| Other amounts payable | 47/48 | €0 | €3,736 | +€3,736 | |
| Accrued charges and deferred income | 492/3 | €5,996 | €4,652 | -€1,344 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,099 | €5,082 | -€18 | -0.3% |
| Other operating charges | 640/8 | €1,913 | €6,682 | +€4,769 | +249% |
| Gross operating margin | 9900 | €35,462 | €15,548 | -€19,914 | -56.2% |
| Operating profit (loss) | 9901 | €28,450 | €3,784 | -€24,665 | -86.7% |
| Financial income | 75/76B | €977 | €396 | -€581 | -59.5% |
| Recurring financial income | 75 | €977 | €396 | -€581 | -59.5% |
| Financial charges | 65/66B | €4,262 | €3,994 | -€268 | -6.3% |
| Recurring financial charges | 65 | €4,262 | €3,994 | -€268 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €25,164 | €187 | -€24,978 | -99.3% |
| Income taxes | 67/77 | €5,755 | €12,427 | +€6,673 | +116% |
| Profit (loss) for the period | 9904 | €19,410 | -€12,241 | -€31,650 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,410 | -€12,241 | -€31,650 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.