BowRon: 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.
BowRon
Largest movements
- Cash -€10,218
down €10,218 (-81.4%), from €12,546 to €2,328
mainly Other debts (-€17,384) and Receivables within one year (-€4,145)
- Deferred charges and accrued income -€5,305
no longer reported in 2025 (was €5,305)
- Receivables within one year +€4,145
new in 2025: €4,145
- Tangible fixed assets -€1,210
down €1,210 (-37.5%), from €3,226 to €2,016
- Other debts -€17,384
down €17,384 (-99.2%), from €17,529 to €145
- Profit (loss) carried forward +€8,040
up €8,040, from -€2,858 to €5,182
- Tax, wage and social debts -€3,095
down €3,095 (-72.7%), from €4,256 to €1,161
- Gross operating margin +€13,419
up €13,419, from -€2,834 to €10,585
- Taxes +€1,161
new in 2025: €1,161
- Depreciation +€806
up €806 (+200.0%), from €403 to €1,210
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 | €21,076 | €8,489 | -€12,587 | -59.7% |
| Fixed assets | 21/28 | €3,226 | €2,016 | -€1,210 | -37.5% |
| Tangible fixed assets | 22/27 | €3,226 | €2,016 | -€1,210 | -37.5% |
| Plant, machinery and equipment | 23 | €3,226 | €2,016 | -€1,210 | -37.5% |
| Current assets | 29/58 | €17,850 | €6,473 | -€11,377 | -63.7% |
| Amounts receivable within one year | 40/41 | - | €4,145 | +€4,145 | |
| Other amounts receivable | 41 | - | €4,145 | +€4,145 | |
| Cash at bank and in hand | 54/58 | €12,546 | €2,328 | -€10,218 | -81.4% |
| Deferred charges and accrued income | 490/1 | €5,305 | - | -€5,305 | |
| Total equity and liabilities | 10/49 | €21,076 | €8,489 | -€12,587 | -59.7% |
| Equity | 10/15 | -€858 | €7,182 | +€8,040 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Outside capital | 11 | €2,000 | - | -€2,000 | |
| Other | 1109/19 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | -€2,858 | €5,182 | +€8,040 | |
| Amounts payable | 17/49 | €21,933 | €1,307 | -€20,627 | -94.0% |
| Amounts payable within one year | 42/48 | €21,933 | €1,307 | -€20,627 | -94.0% |
| Trade debts | 44 | €148 | - | -€148 | |
| Suppliers | 440/4 | €148 | - | -€148 | |
| Taxes, remuneration and social security | 45 | €4,256 | €1,161 | -€3,095 | -72.7% |
| Taxes | 450/3 | €4,256 | €1,161 | -€3,095 | -72.7% |
| Other amounts payable | 47/48 | €17,529 | €145 | -€17,384 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €403 | €1,210 | +€806 | +200.0% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | -€2,834 | €10,585 | +€13,419 | |
| Operating profit (loss) | 9901 | -€3,363 | €9,248 | +€12,611 | |
| Financial income | 75/76B | €5 | €1 | -€4 | -76.4% |
| Recurring financial income | 75 | €5 | €1 | -€4 | -76.4% |
| Financial charges | 65/66B | €53 | €48 | -€5 | -8.9% |
| Recurring financial charges | 65 | €53 | €48 | -€5 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,411 | €9,201 | +€12,612 | |
| Income taxes | 67/77 | - | €1,161 | +€1,161 | |
| Profit (loss) for the period | 9904 | -€3,411 | €8,040 | +€11,451 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,411 | €8,040 | +€11,451 |
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 28 September 2026 via checked.be.