BOWFEN: 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.
BOWFEN
Largest movements
- Receivables within one year +€108,908
up €108,908 (+254%), from €42,853 to €151,762
of which Trade receivables: +€135,467
- Receivables after one year +€50,424
new in 2025: €50,424
- Cash -€6,887
down €6,887 (-37.6%), from €18,309 to €11,422
mainly Receivables within one year (-€108,908) and Receivables after one year (-€50,424)
- Accrued charges and deferred income +€119,371
new in 2025: €119,371
- Trade debts +€33,769
up €33,769 (+345%), from €9,789 to €43,558
- Other debts -€14,000
no longer reported in 2025 (was €14,000)
- Tax, wage and social debts +€9,025
up €9,025 (+80.1%), from €11,261 to €20,286
- Advances received +€5,700
new in 2025: €5,700
- Gross operating margin -€12,425
down €12,425 (-49.6%), from €25,070 to €12,645
- Staff costs +€5,337
new in 2025: €5,337
- Taxes -€2,920
down €2,920 (-48.6%), from €6,015 to €3,095
- Financial income -€875
no longer reported in 2025 (was €875)
- Financial charges -€356
down €356 (-43.2%), from €823 to €467
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 | €66,693 | €218,049 | +€151,356 | +227% |
| Fixed assets | 21/28 | €5,531 | €4,441 | -€1,090 | -19.7% |
| Tangible fixed assets | 22/27 | €2,531 | €1,441 | -€1,090 | -43.1% |
| Plant, machinery and equipment | 23 | €2,531 | €1,441 | -€1,090 | -43.1% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €61,163 | €213,608 | +€152,445 | +249% |
| Amounts receivable after more than one year | 29 | - | €50,424 | +€50,424 | |
| Trade receivables | 290 | - | €50,424 | +€50,424 | |
| Amounts receivable within one year | 40/41 | €42,853 | €151,762 | +€108,908 | +254% |
| Trade receivables | 40 | €16,294 | €151,762 | +€135,467 | +831% |
| Other amounts receivable | 41 | €26,559 | - | -€26,559 | |
| Cash at bank and in hand | 54/58 | €18,309 | €11,422 | -€6,887 | -37.6% |
| Total equity and liabilities | 10/49 | €66,693 | €218,049 | +€151,356 | +227% |
| Equity | 10/15 | €22,806 | €25,003 | +€2,197 | +9.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,806 | €20,003 | +€2,197 | +12.3% |
| Distributable reserves | 133 | €17,806 | €20,003 | +€2,197 | +12.3% |
| Amounts payable | 17/49 | €43,887 | €193,045 | +€149,159 | +340% |
| Amounts payable after more than one year | 17 | €4,130 | - | -€4,130 | |
| Financial debts | 170/4 | €4,130 | - | -€4,130 | |
| Amounts payable within one year | 42/48 | €39,756 | €73,675 | +€33,919 | +85.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,130 | +€4,130 | |
| Financial debts | 43 | €4,706 | - | -€4,706 | |
| Credit institutions | 430/8 | €4,706 | - | -€4,706 | |
| Trade debts | 44 | €9,789 | €43,558 | +€33,769 | +345% |
| Suppliers | 440/4 | €9,789 | €43,558 | +€33,769 | +345% |
| Advances received on contracts in progress | 46 | - | €5,700 | +€5,700 | |
| Taxes, remuneration and social security | 45 | €11,261 | €20,286 | +€9,025 | +80.1% |
| Taxes | 450/3 | €11,261 | €20,286 | +€9,025 | +80.1% |
| Other amounts payable | 47/48 | €14,000 | - | -€14,000 | |
| Accrued charges and deferred income | 492/3 | - | €119,371 | +€119,371 | |
| Remuneration, social security and pensions | 62 | - | €5,337 | +€5,337 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,090 | €1,090 | -€0 | 0.0% |
| Other operating charges | 640/8 | €153 | €460 | +€307 | +201% |
| Gross operating margin | 9900 | €25,070 | €12,645 | -€12,425 | -49.6% |
| Operating profit (loss) | 9901 | €23,828 | €5,759 | -€18,069 | -75.8% |
| Financial income | 75/76B | €875 | - | -€875 | |
| Recurring financial income | 75 | €875 | - | -€875 | |
| Financial charges | 65/66B | €823 | €467 | -€356 | -43.2% |
| Recurring financial charges | 65 | €823 | €467 | -€356 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €23,880 | €5,291 | -€18,589 | -77.8% |
| Income taxes | 67/77 | €6,015 | €3,095 | -€2,920 | -48.6% |
| Profit (loss) for the period | 9904 | €17,865 | €2,197 | -€15,668 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,865 | €2,197 | -€15,668 | -87.7% |
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 27 October 2026 via checked.be.