BW CONSTRUCTION: what changed
Two fiscal 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.
BW CONSTRUCTION
Largest movements
- Current investments -€37,000
no longer reported in 2025 (was €37,000)
- Receivables within one year +€19,808
up €19,808 (+48393.8%), from €41 to €19,849
of which Trade receivables: +€11,531
- Cash +€10,129
new in 2025: €10,129
mainly Current investments (+€37,000) and Trade debts (+€12,504)
- Tangible fixed assets +€4,592
new in 2025: €4,592
- Other debts -€16,066
down €16,066 (-94.6%), from €16,974 to €908
- Trade debts +€12,504
up €12,504 (+2988.3%), from €418 to €12,923
- Profit (loss) carried forward +€1,183
up €1,183 (+21.3%), from €5,560 to €6,743
- Staff costs +€4,274
new in 2025: €4,274
- Gross operating margin +€3,742
up €3,742 (+127.3%), from €2,939 to €6,681
- Financial charges +€350
up €350 (+825.7%), from €42 to €392
- Taxes -€337
down €337 (-49.1%), from €687 to €350
- Depreciation +€284
new in 2025: €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 | €37,041 | €34,669 | -€2,372 | -6.4% |
| Fixed assets | 21/28 | - | €4,592 | +€4,592 | |
| Tangible fixed assets | 22/27 | - | €4,592 | +€4,592 | |
| Plant, machinery and equipment | 23 | - | €4,592 | +€4,592 | |
| Current assets | 29/58 | €37,041 | €30,077 | -€6,964 | -18.8% |
| Amounts receivable within one year | 40/41 | €41 | €19,849 | +€19,808 | +48393.8% |
| Trade receivables | 40 | - | €11,531 | +€11,531 | |
| Other amounts receivable | 41 | €41 | €8,317 | +€8,276 | +20220.8% |
| Current investments | 50/53 | €37,000 | - | -€37,000 | |
| Cash at bank and in hand | 54/58 | - | €10,129 | +€10,129 | |
| Deferred charges and accrued income | 490/1 | - | €99 | +€99 | |
| Total equity and liabilities | 10/49 | €37,041 | €34,669 | -€2,372 | -6.4% |
| Equity | 10/15 | €16,849 | €18,032 | +€1,183 | +7.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €5,092 | €5,092 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,860 | €3,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,860 | €3,860 | = | 0.0% |
| Distributable reserves | 133 | €1,232 | €1,232 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,560 | €6,743 | +€1,183 | +21.3% |
| Amounts payable | 17/49 | €20,192 | €16,637 | -€3,555 | -17.6% |
| Amounts payable within one year | 42/48 | €20,192 | €16,637 | -€3,555 | -17.6% |
| Trade debts | 44 | €418 | €12,923 | +€12,504 | +2988.3% |
| Suppliers | 440/4 | €418 | €12,923 | +€12,504 | +2988.3% |
| Taxes, remuneration and social security | 45 | €2,800 | €2,806 | +€6 | +0.2% |
| Taxes | 450/3 | €2,800 | €2,806 | +€6 | +0.2% |
| Other amounts payable | 47/48 | €16,974 | €908 | -€16,066 | -94.6% |
| Remuneration, social security and pensions | 62 | - | €4,274 | +€4,274 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €284 | +€284 | |
| Other operating charges | 640/8 | €376 | €198 | -€179 | -47.5% |
| Gross operating margin | 9900 | €2,939 | €6,681 | +€3,742 | +127.3% |
| Operating profit (loss) | 9901 | €2,563 | €1,925 | -€638 | -24.9% |
| Financial income | 75/76B | €2 | €0 | -€2 | -98.4% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -98.4% |
| Financial charges | 65/66B | €42 | €392 | +€350 | +825.7% |
| Recurring financial charges | 65 | €42 | €392 | +€350 | +825.7% |
| Profit (loss) for the period before taxes | 9903 | €2,523 | €1,533 | -€989 | -39.2% |
| Income taxes | 67/77 | €687 | €350 | -€337 | -49.1% |
| Profit (loss) for the period | 9904 | €1,835 | €1,183 | -€652 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,835 | €1,183 | -€652 | -35.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.