BOWI: 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.
BOWI
Largest movements
- Tangible fixed assets -€143,129
down €143,129 (-14.5%), from €989,920 to €846,791
of which Land and buildings: -€122,333
- Current investments +€100,000
up €100,000 (+100.0%), from €100,000 to €200,000
- Receivables within one year +€61,488
up €61,488 (+103.1%), from €59,664 to €121,151
of which Other amounts receivable: +€42,732
- Cash -€40,536
down €40,536 (-29.1%), from €139,269 to €98,733
mainly Current investments (-€100,000) and Contributions, distributions and other (-€71,429)
- Other debts +€71,429
up €71,429 (+28814.6%), from €248 to €71,676
- Debts after one year -€50,134
down €50,134 (-34.4%), from €145,651 to €95,517
- Profit (loss) carried forward -€30,377
down €30,377 (-2.5%), from €1.2m to €1.2m
- Gross operating margin -€113,612
down €113,612 (-36.9%), from €307,651 to €194,039
- Taxes -€34,007
down €34,007 (-66.4%), from €51,206 to €17,200
- Financial charges -€12,119
down €12,119 (-57.9%), from €20,930 to €8,811
- Financial income +€4,343
up €4,343 (+23.0%), from €18,873 to €23,216
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 | €1,907,413 | €1,896,917 | -€10,496 | -0.6% |
| Fixed assets | 21/28 | €990,227 | €847,098 | -€143,129 | -14.5% |
| Tangible fixed assets | 22/27 | €989,920 | €846,791 | -€143,129 | -14.5% |
| Land and buildings | 22 | €676,528 | €554,195 | -€122,333 | -18.1% |
| Plant, machinery and equipment | 23 | €22,061 | €15,449 | -€6,612 | -30.0% |
| Furniture and vehicles | 24 | €34,900 | €23,445 | -€11,455 | -32.8% |
| Other tangible fixed assets | 26 | €256,432 | €253,703 | -€2,729 | -1.1% |
| Financial fixed assets | 28 | €307 | €307 | = | 0.0% |
| Current assets | 29/58 | €917,186 | €1,049,819 | +€132,633 | +14.5% |
| Amounts receivable after more than one year | 29 | €608,507 | €617,988 | +€9,481 | +1.6% |
| Other amounts receivable | 291 | €608,507 | €617,988 | +€9,481 | +1.6% |
| Amounts receivable within one year | 40/41 | €59,664 | €121,151 | +€61,488 | +103.1% |
| Trade receivables | 40 | €46,606 | €65,362 | +€18,756 | +40.2% |
| Other amounts receivable | 41 | €13,057 | €55,789 | +€42,732 | +327.3% |
| Current investments | 50/53 | €100,000 | €200,000 | +€100,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €139,269 | €98,733 | -€40,536 | -29.1% |
| Deferred charges and accrued income | 490/1 | €9,746 | €11,946 | +€2,200 | +22.6% |
| Total equity and liabilities | 10/49 | €1,907,413 | €1,896,917 | -€10,496 | -0.6% |
| Equity | 10/15 | €1,595,037 | €1,562,144 | -€32,893 | -2.1% |
| Contributions | 10/11 | €295,000 | €295,000 | = | 0.0% |
| Reserves | 13 | €104,766 | €102,250 | -€2,516 | -2.4% |
| Tax-exempt reserves | 132 | €2,516 | €0 | -€2,516 | -100.0% |
| Distributable reserves | 133 | €102,250 | €102,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,195,271 | €1,164,894 | -€30,377 | -2.5% |
| Provisions and deferred taxes | 16 | €839 | €0 | -€839 | -100.0% |
| Deferred taxes | 168 | €839 | €0 | -€839 | -100.0% |
| Amounts payable | 17/49 | €311,538 | €334,773 | +€23,236 | +7.5% |
| Amounts payable after more than one year | 17 | €145,651 | €95,517 | -€50,134 | -34.4% |
| Financial debts | 170/4 | €145,651 | €95,517 | -€50,134 | -34.4% |
| Amounts payable within one year | 42/48 | €165,887 | €239,257 | +€73,370 | +44.2% |
| Current portion of amounts payable after more than one year | 42 | €149,023 | €150,134 | +€1,111 | +0.7% |
| Financial debts | 43 | €2,741 | €349 | -€2,392 | -87.3% |
| Credit institutions | 430/8 | €2,741 | €349 | -€2,392 | -87.3% |
| Trade debts | 44 | €13,849 | €7,955 | -€5,894 | -42.6% |
| Suppliers | 440/4 | €13,849 | €7,955 | -€5,894 | -42.6% |
| Advances received on contracts in progress | 46 | - | €1,210 | +€1,210 | |
| Taxes, remuneration and social security | 45 | €25 | €7,932 | +€7,907 | +31870.9% |
| Taxes | 450/3 | €25 | €7,932 | +€7,907 | +31870.9% |
| Other amounts payable | 47/48 | €248 | €71,676 | +€71,429 | +28814.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,859 | €143,129 | -€2,731 | -1.9% |
| Other operating charges | 640/8 | €7,758 | €10,419 | +€2,661 | +34.3% |
| Gross operating margin | 9900 | €307,651 | €194,039 | -€113,612 | -36.9% |
| Operating profit (loss) | 9901 | €154,034 | €40,491 | -€113,542 | -73.7% |
| Financial income | 75/76B | €18,873 | €23,216 | +€4,343 | +23.0% |
| Recurring financial income | 75 | €18,873 | €23,216 | +€4,343 | +23.0% |
| Financial charges | 65/66B | €20,930 | €8,811 | -€12,119 | -57.9% |
| Recurring financial charges | 65 | €20,930 | €8,811 | -€12,119 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €151,977 | €54,896 | -€97,080 | -63.9% |
| Transfer from deferred taxes | 780 | €839 | €839 | -€0 | 0.0% |
| Income taxes | 67/77 | €51,206 | €17,200 | -€34,007 | -66.4% |
| Profit (loss) for the period | 9904 | €101,609 | €38,535 | -€63,074 | -62.1% |
| Transfer from tax-exempt reserves | 789 | €2,516 | €2,516 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €104,125 | €41,051 | -€63,074 | -60.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.