Bowhouse: 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.
Bowhouse
Largest movements
- Cash -€59,815
down €59,815 (-81.6%), from €73,340 to €13,525
mainly Contributions, distributions and other (-€43,179) and Current investments (-€33,750)
- Current investments +€33,750
up €33,750 (+51.1%), from €66,000 to €99,750
- Receivables within one year -€5,286
down €5,286 (-8.3%), from €63,786 to €58,500
of which Other amounts receivable: -€6,172
- Deferred charges and accrued income +€3,572
up €3,572 (+131%), from €2,720 to €6,291
- Tangible fixed assets +€2,671
up €2,671 (+41.0%), from €6,521 to €9,192
of which Plant, machinery and equipment: +€1,960
- Tax, wage and social debts -€16,217
down €16,217 (-33.1%), from €48,922 to €32,705
- Reserves -€7,202
down €7,202 (-3.8%), from €190,797 to €183,595
- Gross operating margin -€16,900
down €16,900 (-24.7%), from €68,475 to €51,575
- Taxes -€4,156
down €4,156 (-20.7%), from €20,083 to €15,928
- Financial income +€1,514
up €1,514 (+41.2%), from €3,675 to €5,189
- Financial charges -€739
down €739 (-47.3%), from €1,562 to €823
- Depreciation +€713
up €713 (+26.1%), from €2,730 to €3,443
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 | €262,366 | €237,259 | -€25,107 | -9.6% |
| Fixed assets | 21/28 | €6,521 | €9,192 | +€2,671 | +41.0% |
| Tangible fixed assets | 22/27 | €6,521 | €9,192 | +€2,671 | +41.0% |
| Plant, machinery and equipment | 23 | - | €1,960 | +€1,960 | |
| Furniture and vehicles | 24 | €6,521 | €7,232 | +€711 | +10.9% |
| Current assets | 29/58 | €255,845 | €228,067 | -€27,779 | -10.9% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €63,786 | €58,500 | -€5,286 | -8.3% |
| Trade receivables | 40 | €12,977 | €13,864 | +€886 | +6.8% |
| Other amounts receivable | 41 | €50,808 | €44,636 | -€6,172 | -12.1% |
| Current investments | 50/53 | €66,000 | €99,750 | +€33,750 | +51.1% |
| Cash at bank and in hand | 54/58 | €73,340 | €13,525 | -€59,815 | -81.6% |
| Deferred charges and accrued income | 490/1 | €2,720 | €6,291 | +€3,572 | +131% |
| Total equity and liabilities | 10/49 | €262,366 | €237,259 | -€25,107 | -9.6% |
| Equity | 10/15 | €200,797 | €193,595 | -€7,202 | -3.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €190,797 | €183,595 | -€7,202 | -3.8% |
| Distributable reserves | 133 | €190,797 | €183,595 | -€7,202 | -3.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €61,570 | €43,664 | -€17,905 | -29.1% |
| Amounts payable within one year | 42/48 | €60,627 | €42,625 | -€18,001 | -29.7% |
| Trade debts | 44 | €11,705 | €9,920 | -€1,785 | -15.2% |
| Suppliers | 440/4 | €11,705 | €9,920 | -€1,785 | -15.2% |
| Taxes, remuneration and social security | 45 | €48,922 | €32,705 | -€16,217 | -33.1% |
| Taxes | 450/3 | €48,922 | €32,705 | -€16,217 | -33.1% |
| Accrued charges and deferred income | 492/3 | €943 | €1,039 | +€96 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,730 | €3,443 | +€713 | +26.1% |
| Other operating charges | 640/8 | €577 | €593 | +€16 | +2.8% |
| Non-recurring operating charges | 66A | €910 | €0 | -€910 | -100% |
| Gross operating margin | 9900 | €68,475 | €51,575 | -€16,900 | -24.7% |
| Operating profit (loss) | 9901 | €64,258 | €47,539 | -€16,719 | -26.0% |
| Financial income | 75/76B | €3,675 | €5,189 | +€1,514 | +41.2% |
| Recurring financial income | 75 | €3,675 | €5,189 | +€1,514 | +41.2% |
| Financial charges | 65/66B | €1,562 | €823 | -€739 | -47.3% |
| Recurring financial charges | 65 | €1,562 | €823 | -€739 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €66,371 | €51,905 | -€14,466 | -21.8% |
| Income taxes | 67/77 | €20,083 | €15,928 | -€4,156 | -20.7% |
| Profit (loss) for the period | 9904 | €46,287 | €35,977 | -€10,310 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,287 | €35,977 | -€10,310 | -22.3% |
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 24 October 2026 via checked.be.