BOWINVEST: 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.
BOWINVEST
Largest movements
- Current investments -€1.3m
down €1.3m (-81.3%), from €1.6m to €300,000
- Cash -€69,183
down €69,183 (-88.5%), from €78,192 to €9,008
mainly Other debts (-€1.4m) and Stocks and contracts (-€39,662)
- Stocks and contracts +€39,662
up €39,662 (+2.6%), from €1.5m to €1.6m
- Other debts -€1.4m
down €1.4m (-100%), from €1.4m to €0
- Gross operating margin -€369,027
down €369,027 (-98.5%), from €374,725 to €5,697
- Taxes -€108,255
down €108,255 (-95.0%), from €113,915 to €5,660
- Financial income -€62,226
down €62,226 (-77.0%), from €80,850 to €18,623
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 | €3,258,125 | €1,914,069 | -€1.3m | -41.3% |
| Current assets | 29/58 | €3,258,125 | €1,914,069 | -€1.3m | -41.3% |
| Stocks and contracts in progress | 3 | €1,536,350 | €1,576,012 | +€39,662 | +2.6% |
| Stocks | 30/36 | €1,536,350 | €1,576,012 | +€39,662 | +2.6% |
| Amounts receivable within one year | 40/41 | €43,582 | €29,048 | -€14,534 | -33.3% |
| Trade receivables | 40 | €29,779 | €24,838 | -€4,941 | -16.6% |
| Other amounts receivable | 41 | €13,804 | €4,210 | -€9,593 | -69.5% |
| Current investments | 50/53 | €1,600,000 | €300,000 | -€1.3m | -81.3% |
| Cash at bank and in hand | 54/58 | €78,192 | €9,008 | -€69,183 | -88.5% |
| Total equity and liabilities | 10/49 | €3,258,125 | €1,914,069 | -€1.3m | -41.3% |
| Equity | 10/15 | €1,748,273 | €1,765,253 | +€16,980 | +1.0% |
| Contributions | 10/11 | €1,589,339 | €1,589,339 | = | 0.0% |
| Capital | 10 | €1,589,339 | €1,589,339 | = | 0.0% |
| Issued capital | 100 | €1,589,339 | €1,589,339 | = | 0.0% |
| Reserves | 13 | €158,934 | €158,934 | = | 0.0% |
| Non-distributable reserves | 130/1 | €158,934 | €158,934 | = | 0.0% |
| Legal reserve | 130 | €158,934 | €158,934 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €16,980 | +€16,980 | |
| Amounts payable | 17/49 | €1,509,852 | €148,816 | -€1.4m | -90.1% |
| Amounts payable within one year | 42/48 | €1,393,101 | €29,723 | -€1.4m | -97.9% |
| Trade debts | 44 | €10,211 | €15,062 | +€4,851 | +47.5% |
| Suppliers | 440/4 | €10,211 | €15,062 | +€4,851 | +47.5% |
| Taxes, remuneration and social security | 45 | €14,660 | €14,660 | = | 0.0% |
| Taxes | 450/3 | €14,660 | €14,660 | = | 0.0% |
| Other amounts payable | 47/48 | €1,368,229 | €0 | -€1.4m | -100% |
| Accrued charges and deferred income | 492/3 | €116,751 | €119,093 | +€2,342 | +2.0% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | €374,725 | €5,697 | -€369,027 | -98.5% |
| Operating profit (loss) | 9901 | €373,617 | €4,554 | -€369,062 | -98.8% |
| Financial income | 75/76B | €80,850 | €18,623 | -€62,226 | -77.0% |
| Recurring financial income | 75 | €80,850 | €18,623 | -€62,226 | -77.0% |
| Financial charges | 65/66B | €528 | €538 | +€10 | +1.9% |
| Recurring financial charges | 65 | €528 | €538 | +€10 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €453,939 | €22,640 | -€431,299 | -95.0% |
| Income taxes | 67/77 | €113,915 | €5,660 | -€108,255 | -95.0% |
| Profit (loss) for the period | 9904 | €340,023 | €16,980 | -€323,043 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €340,023 | €16,980 | -€323,043 | -95.0% |
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 18 October 2026 via checked.be.