BSK BOUW: 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.
BSK BOUW
Largest movements
- Tangible fixed assets +€32,028
up €32,028 (+61.5%), from €52,055 to €84,083
of which Land and buildings: +€49,951
- Cash -€24,986
down €24,986 (-71.5%), from €34,932 to €9,946
mainly Investment in fixed assets (net) (-€56,000) and Contributions, distributions and other (-€49,048)
- Deferred charges and accrued income -€10,346
down €10,346 (-45.6%), from €22,686 to €12,340
- Receivables within one year +€2,405
up €2,405 (+10.8%), from €22,327 to €24,732
of which Trade receivables: +€5,406
- Debts after one year +€34,821
up €34,821 (+302%), from €11,521 to €46,342
- Other debts -€30,984
down €30,984 (-34.7%), from €89,175 to €58,192
- Reserves -€10,136
no longer reported in 2025 (was €10,136)
- Current portion of long-term debt +€4,238
up €4,238 (+38.7%), from €10,941 to €15,179
- Trade debts +€2,561
up €2,561 (+45.1%), from €5,678 to €8,239
- Gross operating margin +€20,556
up €20,556 (+16.1%), from €127,810 to €148,366
- Staff costs +€10,121
up €10,121 (+26.2%), from €38,649 to €48,770
- Depreciation +€3,524
up €3,524 (+17.2%), from €20,448 to €23,972
- Financial charges +€3,158
up €3,158 (+22.3%), from €14,138 to €17,296
- Taxes +€1,561
up €1,561 (+9.4%), from €16,677 to €18,238
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.
Derived cash bridge
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 | €134,000 | €133,101 | -€899 | -0.7% |
| Fixed assets | 21/28 | €52,055 | €84,083 | +€32,028 | +61.5% |
| Tangible fixed assets | 22/27 | €52,055 | €84,083 | +€32,028 | +61.5% |
| Land and buildings | 22 | - | €49,951 | +€49,951 | |
| Plant, machinery and equipment | 23 | €890 | €417 | -€473 | -53.2% |
| Furniture and vehicles | 24 | €51,165 | €33,716 | -€17,449 | -34.1% |
| Current assets | 29/58 | €81,945 | €49,018 | -€32,927 | -40.2% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,327 | €24,732 | +€2,405 | +10.8% |
| Trade receivables | 40 | €8,170 | €13,576 | +€5,406 | +66.2% |
| Other amounts receivable | 41 | €14,157 | €11,156 | -€3,001 | -21.2% |
| Cash at bank and in hand | 54/58 | €34,932 | €9,946 | -€24,986 | -71.5% |
| Deferred charges and accrued income | 490/1 | €22,686 | €12,340 | -€10,346 | -45.6% |
| Total equity and liabilities | 10/49 | €134,000 | €133,101 | -€899 | -0.7% |
| Equity | 10/15 | €12,136 | €2,000 | -€10,136 | -83.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,136 | - | -€10,136 | |
| Distributable reserves | 133 | €10,136 | - | -€10,136 | |
| Amounts payable | 17/49 | €121,864 | €131,101 | +€9,237 | +7.6% |
| Amounts payable after more than one year | 17 | €11,521 | €46,342 | +€34,821 | +302% |
| Financial debts | 170/4 | €11,521 | €46,342 | +€34,821 | +302% |
| Amounts payable within one year | 42/48 | €110,343 | €84,759 | -€25,584 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €10,941 | €15,179 | +€4,238 | +38.7% |
| Trade debts | 44 | €5,678 | €8,239 | +€2,561 | +45.1% |
| Suppliers | 440/4 | €5,678 | €8,239 | +€2,561 | +45.1% |
| Taxes, remuneration and social security | 45 | €4,549 | €3,150 | -€1,400 | -30.8% |
| Taxes | 450/3 | €3,477 | €1,638 | -€1,839 | -52.9% |
| Remuneration and social security | 454/9 | €1,072 | €1,512 | +€440 | +41.0% |
| Other amounts payable | 47/48 | €89,175 | €58,192 | -€30,984 | -34.7% |
| Remuneration, social security and pensions | 62 | €38,649 | €48,770 | +€10,121 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,448 | €23,972 | +€3,524 | +17.2% |
| Other operating charges | 640/8 | €904 | €1,274 | +€371 | +41.0% |
| Non-recurring operating charges | 66A | €1,933 | - | -€1,933 | |
| Gross operating margin | 9900 | €127,810 | €148,366 | +€20,556 | +16.1% |
| Operating profit (loss) | 9901 | €65,876 | €74,350 | +€8,473 | +12.9% |
| Financial income | 75/76B | €0 | €96 | +€95 | +50,253% |
| Recurring financial income | 75 | €0 | €96 | +€95 | +50,253% |
| Financial charges | 65/66B | €14,138 | €17,296 | +€3,158 | +22.3% |
| Recurring financial charges | 65 | €14,138 | €17,296 | +€3,158 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €51,739 | €57,150 | +€5,411 | +10.5% |
| Income taxes | 67/77 | €16,677 | €18,238 | +€1,561 | +9.4% |
| Profit (loss) for the period | 9904 | €35,062 | €38,912 | +€3,850 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,062 | €38,912 | +€3,850 | +11.0% |
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 27 October 2026 via checked.be.