BW Financial Center: what changed
BW Financial Center
Largest movements
- Cash -€119,092
down €119,092 (-67.5%), from €176,503 to €57,411
mainly Receivables within one year (-€100,000) and Debts after one year (-€30,353)
- Receivables within one year +€100,000
new in 2025: €100,000
- Tax, wage and social debts +€37,075
up €37,075 (+91.5%), from €40,532 to €77,607
of which Taxes: +€22,056
- Debts after one year -€30,353
down €30,353 (-43.1%), from €70,448 to €40,095
- Trade debts -€20,865
down €20,865 (-43.8%), from €47,596 to €26,731
- Short-term financial debts -€20,000
no longer reported in 2025 (was €20,000)
- Profit (loss) carried forward +€15,051
up €15,051, from -€6,074 to €8,978
- Gross operating margin -€10,515
down €10,515 (-1.9%), from €560,921 to €550,407
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 | €176,503 | €157,411 | -€19,092 | -10.8% |
| Current assets | 29/58 | €176,503 | €157,411 | -€19,092 | -10.8% |
| Amounts receivable within one year | 40/41 | - | €100,000 | +€100,000 | |
| Trade receivables | 40 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €176,503 | €57,411 | -€119,092 | -67.5% |
| Total equity and liabilities | 10/49 | €176,503 | €157,411 | -€19,092 | -10.8% |
| Equity | 10/15 | -€2,074 | €12,978 | +€15,051 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,074 | €8,978 | +€15,051 | |
| Amounts payable | 17/49 | €178,576 | €144,433 | -€34,143 | -19.1% |
| Amounts payable after more than one year | 17 | €70,448 | €40,095 | -€30,353 | -43.1% |
| Financial debts | 170/4 | €70,448 | €40,095 | -€30,353 | -43.1% |
| Amounts payable within one year | 42/48 | €108,128 | €104,338 | -€3,790 | -3.5% |
| Financial debts | 43 | €20,000 | - | -€20,000 | |
| Credit institutions | 430/8 | €20,000 | - | -€20,000 | |
| Trade debts | 44 | €47,596 | €26,731 | -€20,865 | -43.8% |
| Suppliers | 440/4 | €47,596 | €26,731 | -€20,865 | -43.8% |
| Taxes, remuneration and social security | 45 | €40,532 | €77,607 | +€37,075 | +91.5% |
| Taxes | 450/3 | €2,202 | €24,258 | +€22,056 | +1,002% |
| Remuneration and social security | 454/9 | €38,330 | €53,349 | +€15,019 | +39.2% |
| Remuneration, social security and pensions | 62 | €509,151 | €507,451 | -€1,700 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €491 | - | -€491 | |
| Other operating charges | 640/8 | €869 | €843 | -€25 | -2.9% |
| Gross operating margin | 9900 | €560,921 | €550,407 | -€10,515 | -1.9% |
| Operating profit (loss) | 9901 | €50,410 | €42,112 | -€8,298 | -16.5% |
| Financial income | 75/76B | €38 | €478 | +€440 | +1,163% |
| Recurring financial income | 75 | €38 | €478 | +€440 | +1,163% |
| Financial charges | 65/66B | €2,559 | €3,281 | +€722 | +28.2% |
| Recurring financial charges | 65 | €2,559 | €3,281 | +€722 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €47,889 | €39,309 | -€8,580 | -17.9% |
| Income taxes | 67/77 | €22,202 | €24,258 | +€2,056 | +9.3% |
| Profit (loss) for the period | 9904 | €25,687 | €15,051 | -€10,636 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,687 | €15,051 | -€10,636 | -41.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.