BW BESTURINGSTECHNIEK: what changed
BW BESTURINGSTECHNIEK
Largest movements
- Receivables within one year +€38,747
up €38,747 (+135%), from €28,622 to €67,369
of which Trade receivables: +€42,165
- Cash +€19,553
up €19,553 (+88.3%), from €22,142 to €41,695
mainly Net result for the year (+€78,430) and Other debts (+€56,030)
- Tangible fixed assets -€4,072
down €4,072 (-17.5%), from €23,224 to €19,151
of which Leasing and similar rights: -€4,014
- Stocks and contracts -€2,732
down €2,732 (-2.0%), from €138,000 to €135,268
- Other debts +€56,030
up €56,030 (+158%), from €35,470 to €91,500
- Tax, wage and social debts +€8,797
up €8,797 (+194%), from €4,531 to €13,328
- Reserves -€7,685
down €7,685 (-5.2%), from €148,062 to €140,377
- Current portion of long-term debt -€3,461
no longer reported in 2025 (was €3,461)
- Gross operating margin +€47,389
up €47,389 (+67.0%), from €70,752 to €118,142
- Taxes +€18,147
up €18,147 (+158%), from €11,489 to €29,636
- Depreciation -€3,975
down €3,975 (-30.2%), from €13,181 to €9,206
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €213,581 | €265,107 | +€51,526 | +24.1% |
| Fixed assets | 21/28 | €23,224 | €19,151 | -€4,072 | -17.5% |
| Tangible fixed assets | 22/27 | €23,224 | €19,151 | -€4,072 | -17.5% |
| Plant, machinery and equipment | 23 | €1,452 | €5,405 | +€3,952 | +272% |
| Furniture and vehicles | 24 | €4,201 | €1,822 | -€2,379 | -56.6% |
| Leasing and similar rights | 25 | €4,014 | - | -€4,014 | |
| Other tangible fixed assets | 26 | €13,556 | €11,925 | -€1,631 | -12.0% |
| Current assets | 29/58 | €190,357 | €245,955 | +€55,598 | +29.2% |
| Stocks and contracts in progress | 3 | €138,000 | €135,268 | -€2,732 | -2.0% |
| Stocks | 30/36 | €138,000 | €135,268 | -€2,732 | -2.0% |
| Amounts receivable within one year | 40/41 | €28,622 | €67,369 | +€38,747 | +135% |
| Trade receivables | 40 | €24,961 | €67,126 | +€42,165 | +169% |
| Other amounts receivable | 41 | €3,661 | €243 | -€3,418 | -93.4% |
| Cash at bank and in hand | 54/58 | €22,142 | €41,695 | +€19,553 | +88.3% |
| Deferred charges and accrued income | 490/1 | €1,593 | €1,623 | +€30 | +1.9% |
| Total equity and liabilities | 10/49 | €213,581 | €265,107 | +€51,526 | +24.1% |
| Equity | 10/15 | €166,662 | €158,977 | -€7,685 | -4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €148,062 | €140,377 | -€7,685 | -5.2% |
| Distributable reserves | 133 | €148,062 | €140,377 | -€7,685 | -5.2% |
| Amounts payable | 17/49 | €46,918 | €106,129 | +€59,211 | +126% |
| Amounts payable within one year | 42/48 | €46,918 | €106,129 | +€59,211 | +126% |
| Current portion of amounts payable after more than one year | 42 | €3,461 | - | -€3,461 | |
| Trade debts | 44 | €3,456 | €1,301 | -€2,155 | -62.4% |
| Suppliers | 440/4 | €3,456 | €1,301 | -€2,155 | -62.4% |
| Taxes, remuneration and social security | 45 | €4,531 | €13,328 | +€8,797 | +194% |
| Taxes | 450/3 | €4,531 | €13,328 | +€8,797 | +194% |
| Other amounts payable | 47/48 | €35,470 | €91,500 | +€56,030 | +158% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,181 | €9,206 | -€3,975 | -30.2% |
| Other operating charges | 640/8 | €778 | €791 | +€14 | +1.8% |
| Gross operating margin | 9900 | €70,752 | €118,142 | +€47,389 | +67.0% |
| Operating profit (loss) | 9901 | €56,794 | €108,144 | +€51,351 | +90.4% |
| Financial income | 75/76B | €84 | - | -€84 | |
| Recurring financial income | 75 | €84 | - | -€84 | |
| Financial charges | 65/66B | €183 | €78 | -€105 | -57.3% |
| Recurring financial charges | 65 | €183 | €78 | -€105 | -57.3% |
| Profit (loss) for the period before taxes | 9903 | €56,695 | €108,066 | +€51,371 | +90.6% |
| Income taxes | 67/77 | €11,489 | €29,636 | +€18,147 | +158% |
| Profit (loss) for the period | 9904 | €45,206 | €78,430 | +€33,224 | +73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,206 | €78,430 | +€33,224 | +73.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.