BOWLY: 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.
BOWLY
Largest movements
- Tangible fixed assets +€5.6m
up €5.6m (+45.5%), from €12.4m to €18.0m
of which Land and buildings: +€5.8m
- Receivables within one year +€1.8m
up €1.8m (+1478.5%), from €120,895 to €1.9m
of which Other amounts receivable: +€1.8m
- Debts after one year +€5.7m
up €5.7m (+164.6%), from €3.5m to €9.2m
- Profit (loss) carried forward +€1.5m
up €1.5m (+68.3%), from €2.2m to €3.7m
- Gross operating margin +€3.4m
up €3.4m (+677.5%), from €503,653 to €3.9m
- Depreciation +€993,721
up €993,721 (+279.8%), from €355,117 to €1.3m
- Taxes +€473,237
up €473,237, from -€15 to €473,222
- Financial charges +€291,138
up €291,138 (+179.2%), from €162,441 to €453,579
- Other operating charges +€214,323
up €214,323 (+576.8%), from €37,158 to €251,481
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,555,438 | €19,987,662 | +€7.4m | +59.2% |
| Fixed assets | 21/28 | €12,392,985 | €18,036,543 | +€5.6m | +45.5% |
| Tangible fixed assets | 22/27 | €12,392,985 | €18,036,543 | +€5.6m | +45.5% |
| Land and buildings | 22 | €4,039,226 | €9,882,406 | +€5.8m | +144.7% |
| Plant, machinery and equipment | 23 | €95,777 | €57,709 | -€38,069 | -39.7% |
| Furniture and vehicles | 24 | €40,049 | €30,282 | -€9,767 | -24.4% |
| Other tangible fixed assets | 26 | €8,217,933 | €8,066,147 | -€151,786 | -1.8% |
| Current assets | 29/58 | €162,453 | €1,951,119 | +€1.8m | +1101.0% |
| Amounts receivable within one year | 40/41 | €120,895 | €1,908,288 | +€1.8m | +1478.5% |
| Trade receivables | 40 | €52,361 | €36,704 | -€15,657 | -29.9% |
| Other amounts receivable | 41 | €68,534 | €1,871,583 | +€1.8m | +2630.9% |
| Cash at bank and in hand | 54/58 | €27,880 | €10,932 | -€16,949 | -60.8% |
| Deferred charges and accrued income | 490/1 | €13,678 | €31,899 | +€18,222 | +133.2% |
| Total equity and liabilities | 10/49 | €12,555,438 | €19,987,662 | +€7.4m | +59.2% |
| Equity | 10/15 | €8,617,581 | €10,133,529 | +€1.5m | +17.6% |
| Contributions | 10/11 | €1,824,871 | €1,824,871 | = | 0.0% |
| Reserves | 13 | €4,571,688 | €4,571,688 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,958 | €14,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,958 | €14,958 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,511,615 | €2,511,615 | = | 0.0% |
| Distributable reserves | 133 | €2,045,115 | €2,045,115 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,221,022 | €3,736,970 | +€1.5m | +68.3% |
| Amounts payable | 17/49 | €3,937,857 | €9,854,134 | +€5.9m | +150.2% |
| Amounts payable after more than one year | 17 | €3,493,320 | €9,242,470 | +€5.7m | +164.6% |
| Financial debts | 170/4 | €3,493,320 | €9,242,470 | +€5.7m | +164.6% |
| Amounts payable within one year | 42/48 | €271,603 | €584,696 | +€313,093 | +115.3% |
| Current portion of amounts payable after more than one year | 42 | €253,137 | €305,857 | +€52,720 | +20.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €17,605 | €204,669 | +€187,064 | +1062.6% |
| Suppliers | 440/4 | €17,605 | €204,669 | +€187,064 | +1062.6% |
| Taxes, remuneration and social security | 45 | €0 | €73,222 | +€73,222 | |
| Taxes | 450/3 | €0 | €73,222 | +€73,222 | |
| Other amounts payable | 47/48 | €862 | €949 | +€87 | +10.1% |
| Accrued charges and deferred income | 492/3 | €172,933 | €26,967 | -€145,967 | -84.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €355,117 | €1,348,838 | +€993,721 | +279.8% |
| Other operating charges | 640/8 | €37,158 | €251,481 | +€214,323 | +576.8% |
| Non-recurring operating charges | 66A | €10,758 | €6,999 | -€3,759 | -34.9% |
| Gross operating margin | 9900 | €503,653 | €3,916,032 | +€3.4m | +677.5% |
| Operating profit (loss) | 9901 | €100,619 | €2,308,714 | +€2.2m | +2194.5% |
| Financial income | 75/76B | €68,327 | €134,035 | +€65,708 | +96.2% |
| Recurring financial income | 75 | €68,327 | €134,035 | +€65,708 | +96.2% |
| Financial charges | 65/66B | €162,441 | €453,579 | +€291,138 | +179.2% |
| Recurring financial charges | 65 | €162,441 | €453,579 | +€291,138 | +179.2% |
| Profit (loss) for the period before taxes | 9903 | €6,505 | €1,989,169 | +€2.0m | +30479.5% |
| Income taxes | 67/77 | -€15 | €473,222 | +€473,237 | |
| Profit (loss) for the period | 9904 | €6,520 | €1,515,948 | +€1.5m | +23150.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,520 | €1,515,948 | +€1.5m | +23150.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.