BOWTA: 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.
BOWTA
Largest movements
- Cash +€25,998
up €25,998 (+32.5%), from €79,903 to €105,900
mainly Net result for the year (+€62,044) and Receivables within one year (+€20,667)
- Receivables within one year -€20,667
down €20,667 (-63.2%), from €32,691 to €12,023
of which Other amounts receivable: -€18,861
- Tangible fixed assets -€9,479
down €9,479 (-45.0%), from €21,072 to €11,593
of which Furniture and vehicles: -€6,042
- Current investments +€9,232
up €9,232 (+6.6%), from €140,768 to €150,000
- Other debts +€5,980
up €5,980 (+12.0%), from €49,865 to €55,845
- Tax, wage and social debts +€5,899
up €5,899 (+19.9%), from €29,690 to €35,589
of which Taxes: +€5,878
- Debts after one year -€5,042
down €5,042 (-62.7%), from €8,049 to €3,006
- Gross operating margin +€9,300
up €9,300 (+11.0%), from €84,589 to €93,889
- Taxes +€7,327
up €7,327 (+48.9%), from €14,997 to €22,323
- Financial income +€973
up €973 (+42.1%), from €2,311 to €3,284
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 | €295,911 | €302,947 | +€7,036 | +2.4% |
| Fixed assets | 21/28 | €21,072 | €11,593 | -€9,479 | -45.0% |
| Tangible fixed assets | 22/27 | €21,072 | €11,593 | -€9,479 | -45.0% |
| Plant, machinery and equipment | 23 | €137 | €4 | -€133 | -97.1% |
| Furniture and vehicles | 24 | €17,631 | €11,589 | -€6,042 | -34.3% |
| Other tangible fixed assets | 26 | €3,304 | €0 | -€3,304 | -100.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €274,839 | €291,354 | +€16,515 | +6.0% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,691 | €12,023 | -€20,667 | -63.2% |
| Trade receivables | 40 | €13,326 | €11,520 | -€1,806 | -13.6% |
| Other amounts receivable | 41 | €19,364 | €503 | -€18,861 | -97.4% |
| Current investments | 50/53 | €140,768 | €150,000 | +€9,232 | +6.6% |
| Cash at bank and in hand | 54/58 | €79,903 | €105,900 | +€25,998 | +32.5% |
| Deferred charges and accrued income | 490/1 | €1,478 | €3,430 | +€1,953 | +132.2% |
| Total equity and liabilities | 10/49 | €295,911 | €302,947 | +€7,036 | +2.4% |
| Equity | 10/15 | €202,986 | €202,986 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €197,986 | €197,986 | = | 0.0% |
| Distributable reserves | 133 | €197,986 | €197,986 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €92,925 | €99,961 | +€7,036 | +7.6% |
| Amounts payable after more than one year | 17 | €8,049 | €3,006 | -€5,042 | -62.7% |
| Financial debts | 170/4 | €8,049 | €3,006 | -€5,042 | -62.7% |
| Amounts payable within one year | 42/48 | €84,876 | €96,955 | +€12,079 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €4,906 | €5,042 | +€137 | +2.8% |
| Trade debts | 44 | €415 | €478 | +€64 | +15.4% |
| Suppliers | 440/4 | €415 | €478 | +€64 | +15.4% |
| Taxes, remuneration and social security | 45 | €29,690 | €35,589 | +€5,899 | +19.9% |
| Taxes | 450/3 | €28,823 | €34,701 | +€5,878 | +20.4% |
| Remuneration and social security | 454/9 | €867 | €888 | +€21 | +2.4% |
| Other amounts payable | 47/48 | €49,865 | €55,845 | +€5,980 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,088 | €9,479 | +€391 | +4.3% |
| Other operating charges | 640/8 | €933 | €881 | -€52 | -5.6% |
| Gross operating margin | 9900 | €84,589 | €93,889 | +€9,300 | +11.0% |
| Operating profit (loss) | 9901 | €74,569 | €83,530 | +€8,961 | +12.0% |
| Financial income | 75/76B | €2,311 | €3,284 | +€973 | +42.1% |
| Recurring financial income | 75 | €2,311 | €3,284 | +€973 | +42.1% |
| Financial charges | 65/66B | €2,935 | €2,447 | -€488 | -16.6% |
| Recurring financial charges | 65 | €2,935 | €2,447 | -€488 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €73,944 | €84,367 | +€10,423 | +14.1% |
| Income taxes | 67/77 | €14,997 | €22,323 | +€7,327 | +48.9% |
| Profit (loss) for the period | 9904 | €58,948 | €62,044 | +€3,096 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,948 | €62,044 | +€3,096 | +5.3% |
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 12 October 2026 via checked.be.