Bowe Systec: 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.
Bowe Systec
Largest movements
- Cash -€197,262
down €197,262 (-47.5%), from €415,575 to €218,313
mainly Net result for the year (-€454,217) and Receivables within one year (-€37,625)
- Deferred charges and accrued income -€38,869
down €38,869 (-68.4%), from €56,824 to €17,955
- Receivables within one year +€37,625
up €37,625 (+11.0%), from €342,748 to €380,373
of which Trade receivables: +€47,182
- Stocks and contracts -€34,840
down €34,840 (-100.0%), from €34,840 to €0
- Profit (loss) carried forward -€454,217
down €454,217, from €386,768 to -€67,449
- Trade debts +€137,405
up €137,405 (+134.3%), from €102,275 to €239,680
- Accrued charges and deferred income +€76,000
new in 2024: €76,000
- Other debts +€40,803
up €40,803 (+36.3%), from €112,472 to €153,274
- Tax, wage and social debts -€27,940
down €27,940 (-22.6%), from €123,448 to €95,509
of which Remuneration and social security: -€27,144
- Goods and materials -€842,011
no longer reported in 2024 (was €842,011)
- Services and other goods -€822,704
no longer reported in 2024 (was €822,704)
- Turnover -€642,226
down €642,226 (-27.5%), from €2.3m to €1.7m
- Gross operating margin +€506,968
new in 2024: €506,968
- Staff costs -€93,990
down €93,990 (-9.4%), from €996,576 to €902,586
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 | €861,312 | €633,363 | -€227,948 | -26.5% |
| Fixed assets | 21/28 | €11,324 | €16,722 | +€5,398 | +47.7% |
| Tangible fixed assets | 22/27 | €6,392 | €4,880 | -€1,512 | -23.7% |
| Plant, machinery and equipment | 23 | - | €4,880 | +€4,880 | |
| Furniture and vehicles | 24 | €6,392 | €0 | -€6,392 | -100.0% |
| Financial fixed assets | 28 | €4,932 | €11,842 | +€6,910 | +140.1% |
| Other financial fixed assets | 284/8 | €4,932 | - | -€4,932 | |
| Amounts receivable and cash guarantees | 285/8 | €4,932 | - | -€4,932 | |
| Current assets | 29/58 | €849,988 | €616,641 | -€233,346 | -27.5% |
| Stocks and contracts in progress | 3 | €34,840 | €0 | -€34,840 | -100.0% |
| Stocks | 30/36 | €34,840 | €0 | -€34,840 | -100.0% |
| Goods purchased for resale | 34 | €34,840 | - | -€34,840 | |
| Amounts receivable within one year | 40/41 | €342,748 | €380,373 | +€37,625 | +11.0% |
| Trade receivables | 40 | €304,680 | €351,863 | +€47,182 | +15.5% |
| Other amounts receivable | 41 | €38,068 | €28,510 | -€9,558 | -25.1% |
| Cash at bank and in hand | 54/58 | €415,575 | €218,313 | -€197,262 | -47.5% |
| Deferred charges and accrued income | 490/1 | €56,824 | €17,955 | -€38,869 | -68.4% |
| Total equity and liabilities | 10/49 | €861,312 | €633,363 | -€227,948 | -26.5% |
| Equity | 10/15 | €523,110 | €68,893 | -€454,217 | -86.8% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €12,395 | €12,395 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €386,768 | -€67,449 | -€454,217 | |
| Amounts payable | 17/49 | €338,202 | €564,471 | +€226,269 | +66.9% |
| Amounts payable within one year | 42/48 | €338,202 | €488,471 | +€150,269 | +44.4% |
| Financial debts | 43 | €8 | €8 | = | 0.0% |
| Credit institutions | 430/8 | €8 | €8 | = | 0.0% |
| Trade debts | 44 | €102,275 | €239,680 | +€137,405 | +134.3% |
| Suppliers | 440/4 | €102,275 | €239,680 | +€137,405 | +134.3% |
| Taxes, remuneration and social security | 45 | €123,448 | €95,509 | -€27,940 | -22.6% |
| Taxes | 450/3 | €4,927 | €4,132 | -€795 | -16.1% |
| Remuneration and social security | 454/9 | €118,521 | €91,377 | -€27,144 | -22.9% |
| Other amounts payable | 47/48 | €112,472 | €153,274 | +€40,803 | +36.3% |
| Accrued charges and deferred income | 492/3 | - | €76,000 | +€76,000 | |
| Operating income | 70/76A | €2,347,588 | - | -€2.3m | |
| Turnover | 70 | €2,337,323 | €1,695,097 | -€642,226 | -27.5% |
| Other operating income | 74 | €10,265 | - | -€10,265 | |
| Operating charges | 60/66A | €2,677,461 | - | -€2.7m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,206,095 | +€1.2m | |
| Goods for resale, raw materials and consumables | 60 | €842,011 | - | -€842,011 | |
| Purchases | 600/8 | €842,011 | - | -€842,011 | |
| Services and other goods | 61 | €822,704 | - | -€822,704 | |
| Remuneration, social security and pensions | 62 | €996,576 | €902,586 | -€93,990 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,310 | €7,612 | +€5,302 | +229.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €28,740 | +€28,740 | |
| Other operating charges | 640/8 | €13,859 | €11,556 | -€2,304 | -16.6% |
| Gross operating margin | 9900 | - | €506,968 | +€506,968 | |
| Operating profit (loss) | 9901 | -€329,873 | -€443,526 | -€113,653 | -34.5% |
| Financial income | 75/76B | €327 | €406 | +€79 | +24.2% |
| Recurring financial income | 75 | €327 | €406 | +€79 | +24.2% |
| Other financial income | 752/9 | €327 | - | -€327 | |
| Financial charges | 65/66B | €2,398 | €6,597 | +€4,199 | +175.1% |
| Recurring financial charges | 65 | €2,398 | €6,597 | +€4,199 | +175.1% |
| Other financial charges | 652/9 | €2,398 | - | -€2,398 | |
| Profit (loss) for the period before taxes | 9903 | -€331,945 | -€449,717 | -€117,772 | -35.5% |
| Income taxes | 67/77 | - | €4,500 | +€4,500 | |
| Profit (loss) for the period | 9904 | -€331,945 | -€454,217 | -€122,272 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€331,945 | -€454,217 | -€122,272 | -36.8% |
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 7 October 2026 via checked.be.