BOWICON: 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.
BOWICON
Largest movements
- Receivables within one year -€5,976
down €5,976 (-99.5%), from €6,008 to €32
of which Trade receivables: -€6,008
- Cash +€2,173
up €2,173 (+31.7%), from €6,855 to €9,029
mainly Receivables within one year (+€5,976) and Depreciation (+€465)
- Tangible fixed assets -€465
down €465 (-40.0%), from €1,162 to €697
- Other debts -€2,315
down €2,315 (-25.6%), from €9,062 to €6,747
- Tax, wage and social debts -€1,631
no longer reported in 2025 (was €1,631)
- Trade debts -€351
no longer reported in 2025 (was €351)
- Gross operating margin -€2,247
down €2,247 (-73.8%), from €3,044 to €798
- Taxes -€753
no longer reported in 2025 (was €753)
- Depreciation +€232
up €232 (+100.0%), from €232 to €465
- Other operating charges +€144
new in 2025: €144
- Financial charges +€80
up €80 (+102%), from €78 to €158
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 | €14,025 | €9,758 | -€4,267 | -30.4% |
| Fixed assets | 21/28 | €1,162 | €697 | -€465 | -40.0% |
| Tangible fixed assets | 22/27 | €1,162 | €697 | -€465 | -40.0% |
| Plant, machinery and equipment | 23 | €1,162 | €697 | -€465 | -40.0% |
| Current assets | 29/58 | €12,863 | €9,061 | -€3,802 | -29.6% |
| Amounts receivable within one year | 40/41 | €6,008 | €32 | -€5,976 | -99.5% |
| Trade receivables | 40 | €6,008 | - | -€6,008 | |
| Other amounts receivable | 41 | - | €32 | +€32 | |
| Cash at bank and in hand | 54/58 | €6,855 | €9,029 | +€2,173 | +31.7% |
| Total equity and liabilities | 10/49 | €14,025 | €9,758 | -€4,267 | -30.4% |
| Equity | 10/15 | €2,981 | €3,011 | +€30 | +1.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,981 | €2,011 | +€30 | +1.5% |
| Distributable reserves | 133 | €1,981 | €2,011 | +€30 | +1.5% |
| Amounts payable | 17/49 | €11,044 | €6,747 | -€4,297 | -38.9% |
| Amounts payable within one year | 42/48 | €11,044 | €6,747 | -€4,297 | -38.9% |
| Trade debts | 44 | €351 | - | -€351 | |
| Suppliers | 440/4 | €351 | - | -€351 | |
| Taxes, remuneration and social security | 45 | €1,631 | - | -€1,631 | |
| Taxes | 450/3 | €1,631 | - | -€1,631 | |
| Other amounts payable | 47/48 | €9,062 | €6,747 | -€2,315 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €232 | €465 | +€232 | +100.0% |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | €3,044 | €798 | -€2,247 | -73.8% |
| Operating profit (loss) | 9901 | €2,812 | €189 | -€2,623 | -93.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €78 | €158 | +€80 | +102% |
| Recurring financial charges | 65 | €78 | €158 | +€80 | +102% |
| Profit (loss) for the period before taxes | 9903 | €2,734 | €30 | -€2,703 | -98.9% |
| Income taxes | 67/77 | €753 | - | -€753 | |
| Profit (loss) for the period | 9904 | €1,981 | €30 | -€1,950 | -98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,981 | €30 | -€1,950 | -98.5% |
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 13 October 2026 via checked.be.