BOWACO: 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.
BOWACO
Largest movements
- Cash +€303,766
up €303,766 (+316%), from €96,099 to €399,865
mainly Net result for the year (+€161,832) and Trade debts (+€68,898)
- Receivables within one year -€25,159
down €25,159 (-23.6%), from €106,741 to €81,582
of which Trade receivables: -€25,214
- Profit (loss) carried forward +€161,832
up €161,832 (+187%), from €86,759 to €248,590
- Trade debts +€68,898
up €68,898 (+918%), from €7,505 to €76,403
- Other debts +€32,931
up €32,931 (+92.8%), from €35,485 to €68,416
- Tax, wage and social debts +€16,278
up €16,278 (+32.0%), from €50,808 to €67,085
- Gross operating margin +€103,415
up €103,415 (+91.3%), from €113,322 to €216,738
- Taxes +€25,645
up €25,645 (+108%), from €23,637 to €49,281
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 | €203,362 | €483,300 | +€279,938 | +138% |
| Fixed assets | 21/28 | - | €826 | +€826 | |
| Tangible fixed assets | 22/27 | - | €826 | +€826 | |
| Furniture and vehicles | 24 | - | €826 | +€826 | |
| Current assets | 29/58 | €203,362 | €482,474 | +€279,112 | +137% |
| Amounts receivable within one year | 40/41 | €106,741 | €81,582 | -€25,159 | -23.6% |
| Trade receivables | 40 | €106,741 | €81,527 | -€25,214 | -23.6% |
| Other amounts receivable | 41 | €0 | €55 | +€55 | |
| Cash at bank and in hand | 54/58 | €96,099 | €399,865 | +€303,766 | +316% |
| Deferred charges and accrued income | 490/1 | €522 | €1,027 | +€505 | +96.7% |
| Total equity and liabilities | 10/49 | €203,362 | €483,300 | +€279,938 | +138% |
| Equity | 10/15 | €109,565 | €271,396 | +€161,832 | +148% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €20,306 | €20,306 | = | 0.0% |
| Distributable reserves | 133 | €20,306 | €20,306 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,759 | €248,590 | +€161,832 | +187% |
| Amounts payable | 17/49 | €93,797 | €211,904 | +€118,107 | +126% |
| Amounts payable within one year | 42/48 | €93,797 | €211,904 | +€118,107 | +126% |
| Trade debts | 44 | €7,505 | €76,403 | +€68,898 | +918% |
| Suppliers | 440/4 | €7,505 | €76,403 | +€68,898 | +918% |
| Taxes, remuneration and social security | 45 | €50,808 | €67,085 | +€16,278 | +32.0% |
| Taxes | 450/3 | €50,808 | €67,085 | +€16,278 | +32.0% |
| Other amounts payable | 47/48 | €35,485 | €68,416 | +€32,931 | +92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €82 | +€82 | |
| Other operating charges | 640/8 | €941 | €2,152 | +€1,210 | +129% |
| Gross operating margin | 9900 | €113,322 | €216,738 | +€103,415 | +91.3% |
| Operating profit (loss) | 9901 | €112,381 | €214,504 | +€102,123 | +90.9% |
| Financial income | 75/76B | €54 | €427 | +€373 | +687% |
| Recurring financial income | 75 | €54 | €427 | +€373 | +687% |
| Financial charges | 65/66B | €2,040 | €3,817 | +€1,778 | +87.2% |
| Recurring financial charges | 65 | €2,040 | €3,817 | +€1,778 | +87.2% |
| Profit (loss) for the period before taxes | 9903 | €110,395 | €211,113 | +€100,718 | +91.2% |
| Income taxes | 67/77 | €23,637 | €49,281 | +€25,645 | +108% |
| Profit (loss) for the period | 9904 | €86,759 | €161,832 | +€75,073 | +86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €86,759 | €161,832 | +€75,073 | +86.5% |
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 14 October 2026 via checked.be.