Bowfort: 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.
Bowfort
Largest movements
- Cash +€46,082
up €46,082 (+926.1%), from €4,976 to €51,058
mainly Net result for the year (+€61,579) and Depreciation (+€7,892)
- Tangible fixed assets +€18,108
up €18,108 (+170.5%), from €10,618 to €28,726
of which Plant, machinery and equipment: +€19,374
- Receivables within one year +€5,464
up €5,464 (+18.4%), from €29,726 to €35,190
of which Trade receivables: +€6,435
- Profit (loss) carried forward +€61,579
up €61,579 (+185.7%), from €33,165 to €94,745
- Trade debts +€4,551
up €4,551 (+390.2%), from €1,166 to €5,718
- Tax, wage and social debts +€3,524
up €3,524 (+39.2%), from €8,987 to €12,511
- Gross operating margin +€43,706
up €43,706 (+98.8%), from €44,246 to €87,953
- Taxes +€8,581
up €8,581 (+88.2%), from €9,733 to €18,314
- Depreciation +€6,620
up €6,620 (+520.6%), from €1,272 to €7,892
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.
Cash bridge derived
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 | €45,319 | €114,974 | +€69,654 | +153.7% |
| Fixed assets | 21/28 | €10,618 | €28,726 | +€18,108 | +170.5% |
| Tangible fixed assets | 22/27 | €10,618 | €28,726 | +€18,108 | +170.5% |
| Plant, machinery and equipment | 23 | €5,738 | €25,112 | +€19,374 | +337.6% |
| Furniture and vehicles | 24 | €4,880 | €3,613 | -€1,266 | -25.9% |
| Current assets | 29/58 | €34,701 | €86,248 | +€51,546 | +148.5% |
| Amounts receivable within one year | 40/41 | €29,726 | €35,190 | +€5,464 | +18.4% |
| Trade receivables | 40 | €24,708 | €31,143 | +€6,435 | +26.0% |
| Other amounts receivable | 41 | €5,018 | €4,047 | -€971 | -19.3% |
| Cash at bank and in hand | 54/58 | €4,976 | €51,058 | +€46,082 | +926.1% |
| Total equity and liabilities | 10/49 | €45,319 | €114,974 | +€69,654 | +153.7% |
| Equity | 10/15 | €35,165 | €96,745 | +€61,579 | +175.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,165 | €94,745 | +€61,579 | +185.7% |
| Amounts payable | 17/49 | €10,154 | €18,229 | +€8,075 | +79.5% |
| Amounts payable within one year | 42/48 | €10,154 | €18,229 | +€8,075 | +79.5% |
| Trade debts | 44 | €1,166 | €5,718 | +€4,551 | +390.2% |
| Suppliers | 440/4 | €1,166 | €5,718 | +€4,551 | +390.2% |
| Taxes, remuneration and social security | 45 | €8,987 | €12,511 | +€3,524 | +39.2% |
| Taxes | 450/3 | €8,987 | €12,511 | +€3,524 | +39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,272 | €7,892 | +€6,620 | +520.6% |
| Other operating charges | 640/8 | €50 | €120 | +€70 | +140.0% |
| Gross operating margin | 9900 | €44,246 | €87,953 | +€43,706 | +98.8% |
| Operating profit (loss) | 9901 | €42,925 | €79,941 | +€37,016 | +86.2% |
| Financial charges | 65/66B | €26 | €47 | +€21 | +80.0% |
| Recurring financial charges | 65 | €26 | €47 | +€21 | +80.0% |
| Profit (loss) for the period before taxes | 9903 | €42,898 | €79,894 | +€36,995 | +86.2% |
| Income taxes | 67/77 | €9,733 | €18,314 | +€8,581 | +88.2% |
| Profit (loss) for the period | 9904 | €33,165 | €61,579 | +€28,414 | +85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,165 | €61,579 | +€28,414 | +85.7% |
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 9 October 2026 via checked.be.