BW & GREEN: 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.
BW & GREEN
Largest movements
- Tangible fixed assets -€15,249
down €15,249 (-8.4%), from €180,541 to €165,292
of which Land and buildings: -€7,769
- Cash -€10,250
down €10,250 (-69.1%), from €14,826 to €4,576
mainly Net result for the year (-€11,879) and Receivables within one year (-€8,410)
- Receivables within one year +€8,410
up €8,410 (+26.9%), from €31,305 to €39,715
of which Trade receivables: +€14,840
- Profit (loss) carried forward -€11,879
down €11,879 (-105%), from -€11,287 to -€23,166
- Other debts -€3,572
down €3,572 (-36.2%), from €9,865 to €6,293
- Gross operating margin -€15,987
down €15,987 (-72.1%), from €22,183 to €6,196
- Other operating charges -€1,517
down €1,517 (-43.8%), from €3,460 to €1,944
- Depreciation +€520
up €520 (+3.3%), from €15,841 to €16,361
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 | €261,701 | €244,363 | -€17,337 | -6.6% |
| Fixed assets | 21/28 | €180,541 | €165,292 | -€15,249 | -8.4% |
| Tangible fixed assets | 22/27 | €180,541 | €165,292 | -€15,249 | -8.4% |
| Land and buildings | 22 | €164,529 | €156,760 | -€7,769 | -4.7% |
| Plant, machinery and equipment | 23 | €6,023 | €4,396 | -€1,628 | -27.0% |
| Furniture and vehicles | 24 | €9,988 | €4,136 | -€5,852 | -58.6% |
| Current assets | 29/58 | €81,160 | €79,072 | -€2,089 | -2.6% |
| Stocks and contracts in progress | 3 | €34,513 | €33,626 | -€887 | -2.6% |
| Stocks | 30/36 | €34,513 | €33,626 | -€887 | -2.6% |
| Amounts receivable within one year | 40/41 | €31,305 | €39,715 | +€8,410 | +26.9% |
| Trade receivables | 40 | €17,421 | €32,261 | +€14,840 | +85.2% |
| Other amounts receivable | 41 | €13,883 | €7,454 | -€6,430 | -46.3% |
| Cash at bank and in hand | 54/58 | €14,826 | €4,576 | -€10,250 | -69.1% |
| Deferred charges and accrued income | 490/1 | €517 | €1,156 | +€639 | +124% |
| Total equity and liabilities | 10/49 | €261,701 | €244,363 | -€17,337 | -6.6% |
| Equity | 10/15 | €236,727 | €224,847 | -€11,879 | -5.0% |
| Contributions | 10/11 | €164,683 | €164,683 | = | 0.0% |
| Reserves | 13 | €83,331 | €83,331 | = | 0.0% |
| Distributable reserves | 133 | €83,331 | €83,331 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,287 | -€23,166 | -€11,879 | -105% |
| Amounts payable | 17/49 | €24,974 | €19,516 | -€5,458 | -21.9% |
| Amounts payable within one year | 42/48 | €24,974 | €19,516 | -€5,458 | -21.9% |
| Trade debts | 44 | €15,040 | €12,773 | -€2,267 | -15.1% |
| Suppliers | 440/4 | €15,040 | €12,773 | -€2,267 | -15.1% |
| Taxes, remuneration and social security | 45 | €70 | €450 | +€380 | +545% |
| Taxes | 450/3 | €70 | €450 | +€380 | +545% |
| Other amounts payable | 47/48 | €9,865 | €6,293 | -€3,572 | -36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,841 | €16,361 | +€520 | +3.3% |
| Other operating charges | 640/8 | €3,460 | €1,944 | -€1,517 | -43.8% |
| Non-recurring operating charges | 66A | €753 | - | -€753 | |
| Gross operating margin | 9900 | €22,183 | €6,196 | -€15,987 | -72.1% |
| Operating profit (loss) | 9901 | €2,128 | -€12,109 | -€14,237 | |
| Financial income | 75/76B | €487 | €363 | -€124 | -25.4% |
| Recurring financial income | 75 | €487 | €363 | -€124 | -25.4% |
| Financial charges | 65/66B | €123 | €133 | +€10 | +8.3% |
| Recurring financial charges | 65 | €123 | €133 | +€10 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €2,492 | -€11,879 | -€14,371 | |
| Profit (loss) for the period | 9904 | €2,492 | -€11,879 | -€14,371 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,492 | -€11,879 | -€14,371 |
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 27 October 2026 via checked.be.