BOWLINE: what changed
What changed
BOWLINE
NACE 71.113, Urban planning and landscape architecture
filed annual accounts (NBB)
Net result for the year
€7,428
2024 · €12,488-€5,060
Equity
€44,782
2024 · €37,354+€7,428
Cash
€9,894
2024 · €42,507-€32,613
Balance sheet total
€118,217
2024 · €139,659-€21,442
Largest movements
Assets
- Cash -€32,613
down €32,613 (-76.7%), from €42,507 to €9,894
mainly Receivables within one year (-€27,460) and Debts after one year (-€23,340)
- Receivables within one year +€27,460
up €27,460 (+416%), from €6,602 to €34,062
of which Trade receivables: +€21,660
- Tangible fixed assets -€15,387
down €15,387 (-17.7%), from €86,798 to €71,412
Equity and liabilities
- Debts after one year -€23,340
down €23,340 (-36.4%), from €64,056 to €40,716
- Reserves +€7,428
up €7,428 (+27.2%), from €27,354 to €34,782
- Other debts -€2,835
down €2,835 (-70.5%), from €4,024 to €1,188
- Short-term financial debts -€2,698
down €2,698 (-97.6%), from €2,764 to €66
- Tax, wage and social debts -€2,588
down €2,588 (-55.4%), from €4,672 to €2,084
Income statement
- Depreciation +€2,723
up €2,723 (+7.9%), from €34,616 to €37,340
- Financial income -€1,664
down €1,664 (-99.5%), from €1,672 to €8
- Gross operating margin +€1,626
up €1,626 (+3.1%), from €52,342 to €53,968
- Taxes +€1,565
up €1,565 (+89.5%), from €1,749 to €3,315
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.
Result 2024
€12,488
Gross operating margin
+€1,626
Staff costs
-€104
Depreciation
-€2,723
Other operating charges
+€40
Other operating items
-€266
Financial income
-€1,664
Financial charges
-€403
Taxes
-€1,565
Result 2025
€7,428
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€12,870
Investment
-€21,953
Financing
-€23,530
Cash 2024
€42,507
From operations (derived)
+€12,870
Net result for the year
+€7,428
Depreciation
+€37,340
Receivables within one year
-€27,460
Deferred charges and accrued income
+€902
Trade debts
+€83
Tax, wage and social debts
-€2,588
Other debts
-€2,835
Investment (derived)
-€21,953
Investment in fixed assets (net)
-€21,953
Financing
-€23,530
Debts after one year
-€23,340
Current portion of long-term debt
+€2,508
Short-term financial debts
-€2,698
Cash 2025
€9,894
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €139,659 | €118,217 | -€21,442 | -15.4% |
| Fixed assets | 21/28 | €86,798 | €71,412 | -€15,387 | -17.7% |
| Tangible fixed assets | 22/27 | €86,798 | €71,412 | -€15,387 | -17.7% |
| Plant, machinery and equipment | 23 | €55,256 | €48,414 | -€6,842 | -12.4% |
| Furniture and vehicles | 24 | €22,544 | €19,865 | -€2,679 | -11.9% |
| Leasing and similar rights | 25 | €8,998 | €3,133 | -€5,865 | -65.2% |
| Current assets | 29/58 | €52,861 | €46,805 | -€6,055 | -11.5% |
| Amounts receivable within one year | 40/41 | €6,602 | €34,062 | +€27,460 | +416% |
| Trade receivables | 40 | €4,425 | €26,085 | +€21,660 | +490% |
| Other amounts receivable | 41 | €2,177 | €7,977 | +€5,800 | +266% |
| Current investments | 50/53 | €2,000 | €2,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,507 | €9,894 | -€32,613 | -76.7% |
| Deferred charges and accrued income | 490/1 | €1,752 | €850 | -€902 | -51.5% |
| Total equity and liabilities | 10/49 | €139,659 | €118,217 | -€21,442 | -15.4% |
| Equity | 10/15 | €37,354 | €44,782 | +€7,428 | +19.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €27,354 | €34,782 | +€7,428 | +27.2% |
| Distributable reserves | 133 | €27,354 | €34,782 | +€7,428 | +27.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €102,305 | €73,435 | -€28,870 | -28.2% |
| Amounts payable after more than one year | 17 | €64,056 | €40,716 | -€23,340 | -36.4% |
| Financial debts | 170/4 | €64,056 | €40,716 | -€23,340 | -36.4% |
| Amounts payable within one year | 42/48 | €38,249 | €32,719 | -€5,530 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €22,553 | €25,061 | +€2,508 | +11.1% |
| Financial debts | 43 | €2,764 | €66 | -€2,698 | -97.6% |
| Credit institutions | 430/8 | €2,764 | €66 | -€2,698 | -97.6% |
| Trade debts | 44 | €4,236 | €4,319 | +€83 | +2.0% |
| Suppliers | 440/4 | €4,236 | €4,319 | +€83 | +2.0% |
| Taxes, remuneration and social security | 45 | €4,672 | €2,084 | -€2,588 | -55.4% |
| Taxes | 450/3 | €4,672 | €2,084 | -€2,588 | -55.4% |
| Other amounts payable | 47/48 | €4,024 | €1,188 | -€2,835 | -70.5% |
| Remuneration, social security and pensions | 62 | - | €104 | +€104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,616 | €37,340 | +€2,723 | +7.9% |
| Other operating charges | 640/8 | €2,098 | €2,058 | -€40 | -1.9% |
| Non-recurring operating charges | 66A | €2 | €268 | +€266 | +17,273% |
| Gross operating margin | 9900 | €52,342 | €53,968 | +€1,626 | +3.1% |
| Operating profit (loss) | 9901 | €15,626 | €14,199 | -€1,427 | -9.1% |
| Financial income | 75/76B | €1,672 | €8 | -€1,664 | -99.5% |
| Recurring financial income | 75 | €1,672 | €8 | -€1,664 | -99.5% |
| Financial charges | 65/66B | €3,061 | €3,464 | +€403 | +13.1% |
| Recurring financial charges | 65 | €3,061 | €3,464 | +€403 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €14,237 | €10,743 | -€3,494 | -24.5% |
| Income taxes | 67/77 | €1,749 | €3,315 | +€1,565 | +89.5% |
| Profit (loss) for the period | 9904 | €12,488 | €7,428 | -€5,060 | -40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,488 | €7,428 | -€5,060 | -40.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.