BOWII: what changed
BOWII
Largest movements
- Receivables within one year +€67,502
up €67,502 (+94.9%), from €71,138 to €138,640
of which Trade receivables: +€64,005
- Current investments +€22,494
up €22,494 (+95.3%), from €23,602 to €46,096
- Tangible fixed assets -€17,551
down €17,551 (-18.6%), from €94,418 to €76,866
- Cash +€6,692
up €6,692 (+234%), from €2,856 to €9,547
mainly Other debts (+€44,036) and Net result for the year (+€23,705)
- Financial fixed assets +€4,000
new in 2025: €4,000
- Other debts +€44,036
up €44,036 (+63.4%), from €69,447 to €113,484
- Reserves +€18,500
up €18,500 (+14.9%), from €124,000 to €142,500
- Tax, wage and social debts +€16,680
up €16,680 (+128%), from €13,063 to €29,743
of which Taxes: +€20,134
- Trade debts +€8,308
up €8,308 (+38.4%), from €21,664 to €29,973
- Debts after one year -€6,160
down €6,160 (-24.5%), from €25,145 to €18,985
- Gross operating margin -€33,064
down €33,064 (-36.1%), from €91,675 to €58,611
- Taxes -€9,757
down €9,757 (-65.2%), from €14,953 to €5,197
- Staff costs -€8,234
down €8,234 (-99.8%), from €8,251 to €17
- Depreciation +€4,799
up €4,799 (+28.8%), from €16,658 to €21,457
- Financial charges +€3,145
up €3,145 (+57.2%), from €5,494 to €8,639
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €265,489 | €347,322 | +€81,833 | +30.8% |
| Fixed assets | 21/28 | €94,418 | €80,866 | -€13,551 | -14.4% |
| Tangible fixed assets | 22/27 | €94,418 | €76,866 | -€17,551 | -18.6% |
| Land and buildings | 22 | €30,209 | €26,169 | -€4,040 | -13.4% |
| Plant, machinery and equipment | 23 | €29,131 | €23,481 | -€5,650 | -19.4% |
| Furniture and vehicles | 24 | €35,077 | €27,216 | -€7,861 | -22.4% |
| Financial fixed assets | 28 | - | €4,000 | +€4,000 | |
| Current assets | 29/58 | €171,071 | €266,456 | +€95,384 | +55.8% |
| Stocks and contracts in progress | 3 | €72,449 | €70,569 | -€1,880 | -2.6% |
| Stocks | 30/36 | €72,449 | €70,569 | -€1,880 | -2.6% |
| Amounts receivable within one year | 40/41 | €71,138 | €138,640 | +€67,502 | +94.9% |
| Trade receivables | 40 | €46,138 | €110,143 | +€64,005 | +139% |
| Other amounts receivable | 41 | €25,000 | €28,497 | +€3,497 | +14.0% |
| Current investments | 50/53 | €23,602 | €46,096 | +€22,494 | +95.3% |
| Cash at bank and in hand | 54/58 | €2,856 | €9,547 | +€6,692 | +234% |
| Deferred charges and accrued income | 490/1 | €1,027 | €1,604 | +€577 | +56.2% |
| Total equity and liabilities | 10/49 | €265,489 | €347,322 | +€81,833 | +30.8% |
| Equity | 10/15 | €130,272 | €148,978 | +€18,705 | +14.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €124,000 | €142,500 | +€18,500 | +14.9% |
| Distributable reserves | 133 | €124,000 | €142,500 | +€18,500 | +14.9% |
| Profit (loss) carried forward | 14 | €72 | €278 | +€205 | +284% |
| Amounts payable | 17/49 | €135,217 | €198,344 | +€63,128 | +46.7% |
| Amounts payable after more than one year | 17 | €25,145 | €18,985 | -€6,160 | -24.5% |
| Financial debts | 170/4 | €25,145 | €18,985 | -€6,160 | -24.5% |
| Amounts payable within one year | 42/48 | €110,072 | €179,359 | +€69,288 | +62.9% |
| Current portion of amounts payable after more than one year | 42 | €5,897 | €6,160 | +€263 | +4.5% |
| Trade debts | 44 | €21,664 | €29,973 | +€8,308 | +38.4% |
| Suppliers | 440/4 | €21,664 | €29,973 | +€8,308 | +38.4% |
| Taxes, remuneration and social security | 45 | €13,063 | €29,743 | +€16,680 | +128% |
| Taxes | 450/3 | €9,222 | €29,357 | +€20,134 | +218% |
| Remuneration and social security | 454/9 | €3,841 | €386 | -€3,454 | -89.9% |
| Other amounts payable | 47/48 | €69,447 | €113,484 | +€44,036 | +63.4% |
| Remuneration, social security and pensions | 62 | €8,251 | €17 | -€8,234 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,658 | €21,457 | +€4,799 | +28.8% |
| Other operating charges | 640/8 | €853 | €1,001 | +€147 | +17.3% |
| Gross operating margin | 9900 | €91,675 | €58,611 | -€33,064 | -36.1% |
| Operating profit (loss) | 9901 | €65,912 | €36,136 | -€29,776 | -45.2% |
| Financial income | 75/76B | €0 | €1,405 | +€1,405 | +14,049,300% |
| Recurring financial income | 75 | €0 | €1,405 | +€1,405 | +14,049,300% |
| Financial charges | 65/66B | €5,494 | €8,639 | +€3,145 | +57.2% |
| Recurring financial charges | 65 | €5,494 | €8,639 | +€3,145 | +57.2% |
| Profit (loss) for the period before taxes | 9903 | €60,418 | €28,902 | -€31,516 | -52.2% |
| Income taxes | 67/77 | €14,953 | €5,197 | -€9,757 | -65.2% |
| Profit (loss) for the period | 9904 | €45,465 | €23,705 | -€21,759 | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,465 | €23,705 | -€21,759 | -47.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.