BOWEMO: 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.
BOWEMO
Largest movements
- Tangible fixed assets +€103,808
up €103,808 (+22.4%), from €463,363 to €567,171
- Trade debts +€106,929
up €106,929 (+1,414%), from €7,560 to €114,489
- Other debts +€60,967
up €60,967 (+77.8%), from €78,316 to €139,283
- Reserves -€48,464
down €48,464 (-75.3%), from €64,351 to €15,886
- Debts after one year -€19,210
down €19,210 (-3.9%), from €490,344 to €471,134
of which Financial debts: -€27,910
- Taxes +€2,881
new in 2025: €2,881
- Gross operating margin +€1,766
up €1,766 (+3.9%), from €45,369 to €47,135
- Financial charges -€642
down €642 (-7.0%), from €9,118 to €8,476
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 | €934,900 | €1,045,592 | +€110,692 | +11.8% |
| Fixed assets | 21/28 | €463,363 | €567,171 | +€103,808 | +22.4% |
| Tangible fixed assets | 22/27 | €463,363 | €567,171 | +€103,808 | +22.4% |
| Land and buildings | 22 | €463,363 | €567,171 | +€103,808 | +22.4% |
| Current assets | 29/58 | €471,536 | €478,421 | +€6,885 | +1.5% |
| Stocks and contracts in progress | 3 | €467,580 | €473,591 | +€6,011 | +1.3% |
| Contracts in progress | 37 | €467,580 | €473,591 | +€6,011 | +1.3% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,957 | €4,831 | +€874 | +22.1% |
| Total equity and liabilities | 10/49 | €934,900 | €1,045,592 | +€110,692 | +11.8% |
| Equity | 10/15 | €84,351 | €35,886 | -€48,464 | -57.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €64,351 | €15,886 | -€48,464 | -75.3% |
| Distributable reserves | 133 | €64,351 | €15,886 | -€48,464 | -75.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €850,549 | €1,009,706 | +€159,157 | +18.7% |
| Amounts payable after more than one year | 17 | €490,344 | €471,134 | -€19,210 | -3.9% |
| Financial debts | 170/4 | €320,044 | €292,134 | -€27,910 | -8.7% |
| Other amounts payable | 178/9 | €170,300 | €179,000 | +€8,700 | +5.1% |
| Amounts payable within one year | 42/48 | €352,804 | €527,687 | +€174,882 | +49.6% |
| Current portion of amounts payable after more than one year | 42 | €27,637 | €27,910 | +€273 | +1.0% |
| Trade debts | 44 | €7,560 | €114,489 | +€106,929 | +1,414% |
| Suppliers | 440/4 | €7,560 | €114,489 | +€106,929 | +1,414% |
| Advances received on contracts in progress | 46 | €235,749 | €235,749 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,542 | €10,256 | +€6,714 | +190% |
| Taxes | 450/3 | €3,542 | €10,256 | +€6,714 | +190% |
| Other amounts payable | 47/48 | €78,316 | €139,283 | +€60,967 | +77.8% |
| Accrued charges and deferred income | 492/3 | €7,400 | €10,885 | +€3,485 | +47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,286 | €17,336 | +€50 | +0.3% |
| Other operating charges | 640/8 | €7,245 | €6,954 | -€291 | -4.0% |
| Gross operating margin | 9900 | €45,369 | €47,135 | +€1,766 | +3.9% |
| Operating profit (loss) | 9901 | €20,838 | €22,845 | +€2,007 | +9.6% |
| Financial income | 75/76B | €0 | €47 | +€47 | |
| Recurring financial income | 75 | €0 | €47 | +€47 | |
| Financial charges | 65/66B | €9,118 | €8,476 | -€642 | -7.0% |
| Recurring financial charges | 65 | €9,118 | €8,476 | -€642 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €11,720 | €14,417 | +€2,697 | +23.0% |
| Income taxes | 67/77 | - | €2,881 | +€2,881 | |
| Profit (loss) for the period | 9904 | €11,720 | €11,536 | -€185 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,720 | €11,536 | -€185 | -1.6% |
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.