BSW-72: 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.
BSW-72
Largest movements
- Cash -€21,395
down €21,395 (-13.6%), from €156,977 to €135,582
mainly Other debts (-€60,372) and Debts after one year (-€26,397)
- Profit (loss) carried forward +€64,974
up €64,974 (+21.1%), from €307,238 to €372,212
- Other debts -€60,372
down €60,372 (-13.6%), from €442,767 to €382,395
- Debts after one year -€26,397
down €26,397 (-47.5%), from €55,537 to €29,140
- Gross operating margin +€18,812
up €18,812 (+69.1%), from €27,227 to €46,038
- Financial income -€8,224
down €8,224 (-12.2%), from €67,257 to €59,032
- Financial charges -€6,681
down €6,681 (-24.3%), from €27,540 to €20,860
- Depreciation +€6,069
up €6,069 (+155%), from €3,916 to €9,985
- Taxes +€5,809
up €5,809, from -€779 to €5,030
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 | €850,554 | €823,236 | -€27,318 | -3.2% |
| Formation expenses | 20 | €232 | €0 | -€232 | -100% |
| Fixed assets | 21/28 | €678,912 | €673,484 | -€5,428 | -0.8% |
| Tangible fixed assets | 22/27 | €275,607 | €270,179 | -€5,428 | -2.0% |
| Land and buildings | 22 | €273,469 | €265,147 | -€8,322 | -3.0% |
| Furniture and vehicles | 24 | €2,138 | €5,032 | +€2,894 | +135% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €403,305 | €403,305 | = | 0.0% |
| Current assets | 29/58 | €171,410 | €149,752 | -€21,659 | -12.6% |
| Amounts receivable within one year | 40/41 | €10,675 | €12,145 | +€1,470 | +13.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €10,675 | €12,145 | +€1,470 | +13.8% |
| Cash at bank and in hand | 54/58 | €156,977 | €135,582 | -€21,395 | -13.6% |
| Deferred charges and accrued income | 490/1 | €3,758 | €2,025 | -€1,733 | -46.1% |
| Total equity and liabilities | 10/49 | €850,554 | €823,236 | -€27,318 | -3.2% |
| Equity | 10/15 | €310,238 | €375,212 | +€64,974 | +20.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €307,238 | €372,212 | +€64,974 | +21.1% |
| Amounts payable | 17/49 | €540,316 | €448,024 | -€92,292 | -17.1% |
| Amounts payable after more than one year | 17 | €55,537 | €29,140 | -€26,397 | -47.5% |
| Financial debts | 170/4 | €55,537 | €29,140 | -€26,397 | -47.5% |
| Amounts payable within one year | 42/48 | €484,779 | €418,884 | -€65,895 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €27,963 | €27,806 | -€157 | -0.6% |
| Trade debts | 44 | €4,129 | €4,147 | +€19 | +0.5% |
| Suppliers | 440/4 | €4,129 | €4,147 | +€19 | +0.5% |
| Taxes, remuneration and social security | 45 | €9,921 | €4,536 | -€5,384 | -54.3% |
| Taxes | 450/3 | €9,921 | €4,536 | -€5,384 | -54.3% |
| Other amounts payable | 47/48 | €442,767 | €382,395 | -€60,372 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,916 | €9,985 | +€6,069 | +155% |
| Other operating charges | 640/8 | €3,262 | €4,222 | +€960 | +29.4% |
| Gross operating margin | 9900 | €27,227 | €46,038 | +€18,812 | +69.1% |
| Operating profit (loss) | 9901 | €20,048 | €31,831 | +€11,783 | +58.8% |
| Financial income | 75/76B | €67,257 | €59,032 | -€8,224 | -12.2% |
| Recurring financial income | 75 | €67,257 | €59,032 | -€8,224 | -12.2% |
| Financial charges | 65/66B | €27,540 | €20,860 | -€6,681 | -24.3% |
| Recurring financial charges | 65 | €27,540 | €20,860 | -€6,681 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €59,765 | €70,004 | +€10,239 | +17.1% |
| Income taxes | 67/77 | -€779 | €5,030 | +€5,809 | |
| Profit (loss) for the period | 9904 | €60,544 | €64,974 | +€4,430 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,544 | €64,974 | +€4,430 | +7.3% |
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 13 October 2026 via checked.be.