BOWTEX: 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.
BOWTEX
Largest movements
- Receivables within one year +€287,530
up €287,530 (+564.6%), from €50,927 to €338,457
of which Trade receivables: +€311,408
- Cash +€46,434
up €46,434 (+81.9%), from €56,670 to €103,105
mainly Net result for the year (+€286,975) and Other debts (+€200,000)
- Stocks and contracts +€23,543
up €23,543 (+9.4%), from €251,112 to €274,655
- Current investments -€14,000
down €14,000 (-100.0%), from €14,000 to €0
- Other debts +€200,000
new in 2025: €200,000
- Tax, wage and social debts +€89,443
up €89,443 (+876.7%), from €10,202 to €99,645
- Profit (loss) carried forward +€86,975
up €86,975 (+97.8%), from €88,972 to €175,947
- Debts after one year -€41,526
down €41,526 (-41.9%), from €99,078 to €57,552
- Current portion of long-term debt -€32,760
down €32,760 (-44.3%), from €73,991 to €41,231
- Turnover +€1.7m
up €1.7m (+152.6%), from €1.1m to €2.9m
- Purchases and services +€1.4m
up €1.4m (+138.1%), from €1.0m to €2.5m
- Gross operating margin +€373,101
up €373,101 (+249.0%), from €149,835 to €522,936
- Taxes +€84,488
up €84,488 (+332.8%), from €25,390 to €109,878
- Staff costs +€40,720
up €40,720 (+117.0%), from €34,818 to €75,538
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 | €455,548 | €792,489 | +€336,941 | +74.0% |
| Fixed assets | 21/28 | €41,909 | €33,402 | -€8,507 | -20.3% |
| Intangible fixed assets | 21 | €10,538 | €7,096 | -€3,442 | -32.7% |
| Tangible fixed assets | 22/27 | €29,871 | €24,443 | -€5,428 | -18.2% |
| Plant, machinery and equipment | 23 | €1,543 | €4,219 | +€2,676 | +173.4% |
| Furniture and vehicles | 24 | €20,640 | €13,323 | -€7,316 | -35.4% |
| Other tangible fixed assets | 26 | €7,689 | €6,901 | -€788 | -10.2% |
| Financial fixed assets | 28 | €1,500 | €1,863 | +€363 | +24.2% |
| Current assets | 29/58 | €413,639 | €759,087 | +€345,448 | +83.5% |
| Stocks and contracts in progress | 3 | €251,112 | €274,655 | +€23,543 | +9.4% |
| Stocks | 30/36 | €251,112 | €274,655 | +€23,543 | +9.4% |
| Amounts receivable within one year | 40/41 | €50,927 | €338,457 | +€287,530 | +564.6% |
| Trade receivables | 40 | €22,770 | €334,178 | +€311,408 | +1367.6% |
| Other amounts receivable | 41 | €28,157 | €4,280 | -€23,878 | -84.8% |
| Current investments | 50/53 | €14,000 | €0 | -€14,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €56,670 | €103,105 | +€46,434 | +81.9% |
| Deferred charges and accrued income | 490/1 | €40,930 | €42,871 | +€1,941 | +4.7% |
| Total equity and liabilities | 10/49 | €455,548 | €792,489 | +€336,941 | +74.0% |
| Equity | 10/15 | €154,472 | €241,447 | +€86,975 | +56.3% |
| Contributions | 10/11 | €51,500 | €51,500 | = | 0.0% |
| Reserves | 13 | €14,000 | €14,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,000 | - | -€14,000 | |
| Reserves not available under the articles | 1311 | €14,000 | - | -€14,000 | |
| Distributable reserves | 133 | - | €14,000 | +€14,000 | |
| Profit (loss) carried forward | 14 | €88,972 | €175,947 | +€86,975 | +97.8% |
| Provisions and deferred taxes | 16 | - | €22,369 | +€22,369 | |
| Provisions for liabilities and charges | 160/5 | - | €22,369 | +€22,369 | |
| Other liabilities and charges | 164/5 | - | €22,369 | +€22,369 | |
| Amounts payable | 17/49 | €301,076 | €528,673 | +€227,598 | +75.6% |
| Amounts payable after more than one year | 17 | €99,078 | €57,552 | -€41,526 | -41.9% |
| Financial debts | 170/4 | €99,078 | €57,552 | -€41,526 | -41.9% |
| Amounts payable within one year | 42/48 | €201,539 | €467,138 | +€265,599 | +131.8% |
| Current portion of amounts payable after more than one year | 42 | €73,991 | €41,231 | -€32,760 | -44.3% |
| Trade debts | 44 | €117,347 | €126,262 | +€8,916 | +7.6% |
| Suppliers | 440/4 | €117,347 | €126,262 | +€8,916 | +7.6% |
| Taxes, remuneration and social security | 45 | €10,202 | €99,645 | +€89,443 | +876.7% |
| Taxes | 450/3 | €10,202 | €99,645 | +€89,443 | +876.7% |
| Other amounts payable | 47/48 | - | €200,000 | +€200,000 | |
| Accrued charges and deferred income | 492/3 | €458 | €3,982 | +€3,524 | +769.0% |
| Turnover | 70 | €1,137,864 | €2,874,658 | +€1.7m | +152.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,033,966 | €2,462,161 | +€1.4m | +138.1% |
| Remuneration, social security and pensions | 62 | €34,818 | €75,538 | +€40,720 | +117.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,026 | €12,239 | +€5,213 | +74.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €22,369 | +€22,369 | |
| Other operating charges | 640/8 | €4,093 | €294 | -€3,799 | -92.8% |
| Gross operating margin | 9900 | €149,835 | €522,936 | +€373,101 | +249.0% |
| Operating profit (loss) | 9901 | €103,898 | €412,497 | +€308,598 | +297.0% |
| Financial income | 75/76B | €11,633 | €22,691 | +€11,058 | +95.1% |
| Recurring financial income | 75 | €11,633 | €22,691 | +€11,058 | +95.1% |
| Financial charges | 65/66B | €21,034 | €38,334 | +€17,300 | +82.2% |
| Recurring financial charges | 65 | €21,034 | €38,334 | +€17,300 | +82.2% |
| Profit (loss) for the period before taxes | 9903 | €94,497 | €396,854 | +€302,356 | +320.0% |
| Income taxes | 67/77 | €25,390 | €109,878 | +€84,488 | +332.8% |
| Profit (loss) for the period | 9904 | €69,107 | €286,975 | +€217,868 | +315.3% |
| Profit (loss) for the period to be appropriated | 9905 | €69,107 | €286,975 | +€217,868 | +315.3% |
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 9 October 2026 via checked.be.