BOWIMETAL: 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.
BOWIMETAL
Largest movements
- Cash +€36,673
up €36,673 (+72.6%), from €50,499 to €87,172
mainly Net result for the year (+€27,206) and Trade debts (+€4,813)
- Reserves +€27,206
up €27,206 (+59.7%), from €45,602 to €72,808
- Trade debts +€4,813
up €4,813 (+512.5%), from €939 to €5,752
- Tax, wage and social debts +€4,441
up €4,441 (+885.0%), from €502 to €4,943
- Gross operating margin -€8,298
down €8,298 (-16.4%), from €50,639 to €42,341
- Taxes -€920
down €920 (-8.9%), from €10,363 to €9,443
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.
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 | €246,243 | €282,703 | +€36,460 | +14.8% |
| Fixed assets | 21/28 | €194,781 | €194,532 | -€248 | -0.1% |
| Tangible fixed assets | 22/27 | €194,781 | €194,532 | -€248 | -0.1% |
| Land and buildings | 22 | €194,532 | €194,532 | = | 0.0% |
| Furniture and vehicles | 24 | €248 | - | -€248 | |
| Current assets | 29/58 | €51,462 | €88,170 | +€36,708 | +71.3% |
| Cash at bank and in hand | 54/58 | €50,499 | €87,172 | +€36,673 | +72.6% |
| Deferred charges and accrued income | 490/1 | €964 | €999 | +€35 | +3.6% |
| Total equity and liabilities | 10/49 | €246,243 | €282,703 | +€36,460 | +14.8% |
| Equity | 10/15 | €244,802 | €272,008 | +€27,206 | +11.1% |
| Contributions | 10/11 | €19,200 | €19,200 | = | 0.0% |
| Revaluation surpluses | 12 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €45,602 | €72,808 | +€27,206 | +59.7% |
| Distributable reserves | 133 | €45,602 | €72,808 | +€27,206 | +59.7% |
| Amounts payable | 17/49 | €1,441 | €10,695 | +€9,254 | +642.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,441 | €10,695 | +€9,254 | +642.2% |
| Trade debts | 44 | €939 | €5,752 | +€4,813 | +512.5% |
| Suppliers | 440/4 | €939 | €5,752 | +€4,813 | +512.5% |
| Taxes, remuneration and social security | 45 | €502 | €4,943 | +€4,441 | +885.0% |
| Taxes | 450/3 | €502 | €4,943 | +€4,441 | +885.0% |
| Non-recurring operating income | 76A | €8,500 | - | -€8,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €303 | €248 | -€55 | -18.1% |
| Other operating charges | 640/8 | €5,188 | €5,391 | +€203 | +3.9% |
| Gross operating margin | 9900 | €50,639 | €42,341 | -€8,298 | -16.4% |
| Operating profit (loss) | 9901 | €45,148 | €36,702 | -€8,446 | -18.7% |
| Financial charges | 65/66B | €29 | €54 | +€25 | +87.8% |
| Recurring financial charges | 65 | €29 | €54 | +€25 | +87.8% |
| Profit (loss) for the period before taxes | 9903 | €45,119 | €36,649 | -€8,471 | -18.8% |
| Income taxes | 67/77 | €10,363 | €9,443 | -€920 | -8.9% |
| Profit (loss) for the period | 9904 | €34,756 | €27,206 | -€7,551 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,756 | €27,206 | -€7,551 | -21.7% |
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 3 October 2026 via checked.be.