Bowi: what changed
Two fiscal 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 -€39,108
down €39,108 (-13.6%), from €286,978 to €247,870
of which Land and buildings: -€20,705
- Profit (loss) carried forward -€20,463
down €20,463 (-48.7%), from -€42,025 to -€62,487
- Debts after one year -€17,587
down €17,587 (-5.1%), from €346,234 to €328,647
- Gross operating margin -€23,716
down €23,716 (-41.5%), from €57,210 to €33,494
- Financial charges -€729
down €729 (-7.4%), from €9,905 to €9,176
- Other operating charges +€709
up €709 (+31.5%), from €2,247 to €2,956
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 | €332,455 | €297,754 | -€34,702 | -10.4% |
| Fixed assets | 21/28 | €286,978 | €247,870 | -€39,108 | -13.6% |
| Tangible fixed assets | 22/27 | €286,978 | €247,870 | -€39,108 | -13.6% |
| Land and buildings | 22 | €175,039 | €154,334 | -€20,705 | -11.8% |
| Leasing and similar rights | 25 | €111,939 | €93,536 | -€18,403 | -16.4% |
| Current assets | 29/58 | €45,477 | €49,884 | +€4,407 | +9.7% |
| Amounts receivable within one year | 40/41 | €120 | €126 | +€6 | +5.0% |
| Trade receivables | 40 | €120 | €126 | +€6 | +5.0% |
| Cash at bank and in hand | 54/58 | €44,697 | €46,876 | +€2,179 | +4.9% |
| Deferred charges and accrued income | 490/1 | €660 | €2,881 | +€2,222 | +336.7% |
| Total equity and liabilities | 10/49 | €332,455 | €297,754 | -€34,702 | -10.4% |
| Equity | 10/15 | -€32,025 | -€52,487 | -€20,463 | -63.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,025 | -€62,487 | -€20,463 | -48.7% |
| Amounts payable | 17/49 | €364,480 | €350,241 | -€14,239 | -3.9% |
| Amounts payable after more than one year | 17 | €346,234 | €328,647 | -€17,587 | -5.1% |
| Financial debts | 170/4 | €346,234 | €328,647 | -€17,587 | -5.1% |
| Amounts payable within one year | 42/48 | €18,247 | €21,594 | +€3,348 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €17,116 | €17,587 | +€471 | +2.8% |
| Trade debts | 44 | €387 | €2,750 | +€2,363 | +610.1% |
| Suppliers | 440/4 | €387 | €2,750 | +€2,363 | +610.1% |
| Taxes, remuneration and social security | 45 | €744 | €1,257 | +€513 | +69.1% |
| Taxes | 450/3 | €744 | €1,257 | +€513 | +69.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,811 | €41,824 | +€13 | 0.0% |
| Other operating charges | 640/8 | €2,247 | €2,956 | +€709 | +31.5% |
| Gross operating margin | 9900 | €57,210 | €33,494 | -€23,716 | -41.5% |
| Operating profit (loss) | 9901 | €13,152 | -€11,286 | -€24,438 | |
| Financial charges | 65/66B | €9,905 | €9,176 | -€729 | -7.4% |
| Recurring financial charges | 65 | €9,905 | €9,176 | -€729 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €3,246 | -€20,463 | -€23,709 | |
| Profit (loss) for the period | 9904 | €3,246 | -€20,463 | -€23,709 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,246 | -€20,463 | -€23,709 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.