BW FUNERAL: 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.
What changed
BW FUNERAL
NACE 96.301, Funeral services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€513,120
2024 · €367,604+€145,516
Equity
€1.3m
2024 · €768,135+€513,120
Cash
€1.7m
2024 · €835,668+€840,389
Balance sheet total
€14.6m
2024 · €15.3m-€702,991
Largest movements
Assets
- Intangible fixed assets -€1.6m
down €1.6m (-12.0%), from €13.1m to €11.5m
- Cash +€840,389
up €840,389 (+101%), from €835,668 to €1.7m
mainly Depreciation (+€1.7m) and Net result for the year (+€513,120)
Equity and liabilities
- Debts after one year -€1.3m
down €1.3m (-10.8%), from €12.4m to €11.0m
of which Financial debts: -€1.4m
- Profit (loss) carried forward +€513,120
up €513,120 (+67.2%), from €763,135 to €1.3m
Income statement
- Turnover +€9.7m
new in 2025: €9.7m
- Services and other goods +€3.8m
new in 2025: €3.8m
- Gross operating margin -€3.4m
no longer reported in 2025 (was €3.4m)
- Goods and materials +€2.2m
new in 2025: €2.2m
of which Purchases: +€2.3m
- Depreciation +€183,888
up €183,888 (+12.2%), from €1.5m to €1.7m
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.
Result 2024
€367,604
Turnover
+€9.7m
Other operating income
+€112,433
Goods and materials
-€2.2m
Services and other goods
-€3.8m
Staff costs
-€323
Depreciation
-€183,888
Write-downs
-€26,728
Other operating charges
+€11,351
Other operating items
-€3.4m
Financial income
+€2,955
Financial charges
+€20,170
Taxes
-€38,968
Result 2025
€513,120
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.3m
Investment
-€167,640
Financing
-€1.3m
Cash 2024
€835,668
From operations (derived)
+€2.3m
Net result for the year
+€513,120
Depreciation
+€1.7m
Stocks and contracts
-€26,288
Receivables within one year
-€49,090
Deferred charges and accrued income
+€90,354
Trade debts
-€96,776
Tax, wage and social debts
+€145,404
Advances received
+€39,362
Other debts
+€11,416
Accrued charges and deferred income
+€12,205
Investment (derived)
-€167,640
Investment in fixed assets (net)
-€167,640
Financing
-€1.3m
Debts after one year
-€1.3m
Current portion of long-term debt
+€4,047
Cash 2025
€1.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,278,864 | €14,575,874 | -€702,991 | -4.6% |
| Fixed assets | 21/28 | €13,600,194 | €12,071,791 | -€1.5m | -11.2% |
| Intangible fixed assets | 21 | €13,053,940 | €11,483,940 | -€1.6m | -12.0% |
| Tangible fixed assets | 22/27 | €536,239 | €577,835 | +€41,596 | +7.8% |
| Plant, machinery and equipment | 23 | €7,422 | €14,292 | +€6,869 | +92.6% |
| Furniture and vehicles | 24 | €123,725 | €96,193 | -€27,532 | -22.3% |
| Other tangible fixed assets | 26 | €348,576 | €467,350 | +€118,774 | +34.1% |
| Assets under construction and advance payments | 27 | €56,515 | €0 | -€56,515 | -100% |
| Financial fixed assets | 28 | €10,016 | €10,016 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €10,016 | +€10,016 | |
| Amounts receivable and cash guarantees | 285/8 | - | €10,016 | +€10,016 | |
| Current assets | 29/58 | €1,678,670 | €2,504,083 | +€825,413 | +49.2% |
| Stocks and contracts in progress | 3 | €112,268 | €138,556 | +€26,288 | +23.4% |
| Stocks | 30/36 | €112,268 | €138,556 | +€26,288 | +23.4% |
| Goods purchased for resale | 34 | - | €138,556 | +€138,556 | |
| Amounts receivable within one year | 40/41 | €584,213 | €633,303 | +€49,090 | +8.4% |
| Trade receivables | 40 | €565,945 | €623,303 | +€57,358 | +10.1% |
| Other amounts receivable | 41 | €18,268 | €10,000 | -€8,268 | -45.3% |
| Cash at bank and in hand | 54/58 | €835,668 | €1,676,057 | +€840,389 | +101% |
| Deferred charges and accrued income | 490/1 | €146,521 | €56,167 | -€90,354 | -61.7% |
| Total equity and liabilities | 10/49 | €15,278,864 | €14,575,874 | -€702,991 | -4.6% |
| Equity | 10/15 | €768,135 | €1,281,255 | +€513,120 | +66.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €763,135 | €1,276,255 | +€513,120 | +67.2% |
| Amounts payable | 17/49 | €14,510,730 | €13,294,618 | -€1.2m | -8.4% |
| Amounts payable after more than one year | 17 | €12,353,077 | €11,021,308 | -€1.3m | -10.8% |
| Financial debts | 170/4 | €8,744,112 | €7,314,354 | -€1.4m | -16.4% |
| Credit institutions | 173 | - | €7,314,354 | +€7.3m | |
| Advances received on contracts in progress | 176 | €1,008,965 | €1,106,954 | +€97,989 | +9.7% |
| Other amounts payable | 178/9 | €2,600,000 | €2,600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,155,342 | €2,258,794 | +€103,453 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €1,666,066 | €1,670,113 | +€4,047 | +0.2% |
| Trade debts | 44 | €356,883 | €260,107 | -€96,776 | -27.1% |
| Suppliers | 440/4 | €356,883 | €260,107 | -€96,776 | -27.1% |
| Advances received on contracts in progress | 46 | - | €39,362 | +€39,362 | |
| Taxes, remuneration and social security | 45 | €132,393 | €277,796 | +€145,404 | +110% |
| Taxes | 450/3 | €54,548 | €146,788 | +€92,240 | +169% |
| Remuneration and social security | 454/9 | €77,845 | €131,008 | +€53,163 | +68.3% |
| Other amounts payable | 47/48 | - | €11,416 | +€11,416 | |
| Accrued charges and deferred income | 492/3 | €2,311 | €14,516 | +€12,205 | +528% |
| Operating income | 70/76A | - | €9,778,757 | +€9.8m | |
| Turnover | 70 | - | €9,666,324 | +€9.7m | |
| Other operating income | 74 | - | €112,433 | +€112,433 | |
| Operating charges | 60/66A | - | €8,720,069 | +€8.7m | |
| Goods for resale, raw materials and consumables | 60 | - | €2,224,963 | +€2.2m | |
| Purchases | 600/8 | - | €2,251,252 | +€2.3m | |
| Change in stocks: decrease (increase) | 609 | - | -€26,288 | -€26,288 | |
| Services and other goods | 61 | - | €3,780,522 | +€3.8m | |
| Remuneration, social security and pensions | 62 | €982,566 | €982,889 | +€323 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,512,156 | €1,696,044 | +€183,888 | +12.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20 | €26,748 | +€26,728 | +134,922% |
| Other operating charges | 640/8 | €20,254 | €8,903 | -€11,351 | -56.0% |
| Gross operating margin | 9900 | €3,412,325 | - | -€3.4m | |
| Operating profit (loss) | 9901 | €897,329 | €1,058,688 | +€161,359 | +18.0% |
| Financial income | 75/76B | €21,838 | €24,793 | +€2,955 | +13.5% |
| Recurring financial income | 75 | €21,838 | €24,793 | +€2,955 | +13.5% |
| Income from current assets | 751 | - | €6,920 | +€6,920 | |
| Other financial income | 752/9 | - | €17,873 | +€17,873 | |
| Financial charges | 65/66B | €414,601 | €394,431 | -€20,170 | -4.9% |
| Recurring financial charges | 65 | €414,601 | €394,431 | -€20,170 | -4.9% |
| Debt charges | 650 | - | €393,405 | +€393,405 | |
| Other financial charges | 652/9 | - | €1,026 | +€1,026 | |
| Profit (loss) for the period before taxes | 9903 | €504,566 | €689,050 | +€184,484 | +36.6% |
| Income taxes | 67/77 | €136,961 | €175,929 | +€38,968 | +28.5% |
| Taxes | 670/3 | - | €175,929 | +€175,929 | |
| Profit (loss) for the period | 9904 | €367,604 | €513,120 | +€145,516 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €367,604 | €513,120 | +€145,516 | +39.6% |
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 23 October 2026 via checked.be.