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BWA: 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

BWA

BE 0680.779.751
NACE 47.522, Retail trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€9,321
2024 · €12,320-€3,000
Equity
€23,595
2024 · €14,274+€9,321
Cash
€2,738
2024 · -+€2,738
Balance sheet total
€58,237
2024 · €43,620+€14,617

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€21,424

    up €21,424 (+294.7%), from €7,269 to €28,693

    of which Trade receivables: +€19,268

  • Tangible fixed assets -€9,537

    down €9,537 (-26.3%), from €36,260 to €26,723

    of which Furniture and vehicles: -€8,765

  • Cash +€2,738

    new in 2025: €2,738

    mainly Depreciation (+€11,381) and Net result for the year (+€9,321)

Equity and liabilities
  • Profit (loss) carried forward +€9,321

    up €9,321 (+409.8%), from €2,274 to €11,595

  • Tax, wage and social debts +€7,895

    up €7,895, from €0 to €7,895

    of which Taxes: +€7,895

  • Other debts +€7,170

    up €7,170 (+1318.9%), from €544 to €7,713

  • Short-term financial debts -€4,809

    no longer reported in 2025 (was €4,809)

  • Debts after one year -€3,284

    down €3,284 (-61.6%), from €5,334 to €2,050

Income statement
  • Purchases and services -€10,119

    down €10,119 (-8.1%), from €125,043 to €114,924

  • Turnover -€7,798

    down €7,798 (-5.2%), from €149,350 to €141,552

  • Depreciation +€4,558

    up €4,558 (+66.8%), from €6,824 to €11,381

  • Taxes +€2,396

    new in 2025: €2,396

  • Gross operating margin +€2,321

    up €2,321 (+9.5%), from €24,308 to €26,629

From the 2024 result to the 2025 result

effect on the 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 €12,320
Gross operating margin +€2,321
Staff costs +€2,256
Depreciation -€4,558
Other operating charges -€1,089
Financial income +€794
Financial charges -€328
Taxes -€2,396
Result 2025 €9,321

Cash bridge derived

cash 2024 to 2025

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 +€12,405
Investment -€1,844
Financing -€7,823
Cash 2024 €0
Net result for the year +€9,321
Depreciation +€11,381
Receivables within one year -€21,424
Deferred charges and accrued income +€8
Trade debts -€1,945
Tax, wage and social debts +€7,895
Other debts +€7,170
Investment in fixed assets (net) -€1,844
Debts after one year -€3,284
Current portion of long-term debt +€270
Short-term financial debts -€4,809
Cash 2025 €2,738
Every line side by side 47 lines
Line Code 2024 2025 Change %
Total assets 20/58 €43,620 €58,237 +€14,617 +33.5%
Fixed assets 21/28 €36,260 €26,723 -€9,537 -26.3%
Tangible fixed assets 22/27 €36,260 €26,723 -€9,537 -26.3%
Plant, machinery and equipment 23 €8,743 €7,971 -€772 -8.8%
Furniture and vehicles 24 €27,517 €18,752 -€8,765 -31.9%
Current assets 29/58 €7,360 €31,514 +€24,154 +328.2%
Amounts receivable within one year 40/41 €7,269 €28,693 +€21,424 +294.7%
Trade receivables 40 €6,988 €26,256 +€19,268 +275.7%
Other amounts receivable 41 €281 €2,437 +€2,156 +767.5%
Current investments 50/53 €0 - =
Cash at bank and in hand 54/58 - €2,738 +€2,738
Deferred charges and accrued income 490/1 €91 €83 -€8 -8.7%
Total equity and liabilities 10/49 €43,620 €58,237 +€14,617 +33.5%
Equity 10/15 €14,274 €23,595 +€9,321 +65.3%
Contributions 10/11 €12,000 €12,000 = 0.0%
Profit (loss) carried forward 14 €2,274 €11,595 +€9,321 +409.8%
Amounts payable 17/49 €29,346 €34,642 +€5,297 +18.0%
Amounts payable after more than one year 17 €5,334 €2,050 -€3,284 -61.6%
Financial debts 170/4 €5,334 €2,050 -€3,284 -61.6%
Amounts payable within one year 42/48 €24,012 €32,592 +€8,581 +35.7%
Current portion of amounts payable after more than one year 42 €3,014 €3,284 +€270 +8.9%
Financial debts 43 €4,809 - -€4,809
Other loans 439 €4,809 - -€4,809
Trade debts 44 €15,645 €13,700 -€1,945 -12.4%
Suppliers 440/4 €15,645 €13,700 -€1,945 -12.4%
Taxes, remuneration and social security 45 €0 €7,895 +€7,895
Taxes 450/3 - €7,895 +€7,895
Remuneration and social security 454/9 €0 €0 =
Other amounts payable 47/48 €544 €7,713 +€7,170 +1318.9%
Accrued charges and deferred income 492/3 €0 - =
Turnover 70 €149,350 €141,552 -€7,798 -5.2%
Goods, raw materials, services and sundry goods 60/61 €125,043 €114,924 -€10,119 -8.1%
Remuneration, social security and pensions 62 €3,754 €1,498 -€2,256 -60.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €6,824 €11,381 +€4,558 +66.8%
Other operating charges 640/8 - €1,089 +€1,089
Gross operating margin 9900 €24,308 €26,629 +€2,321 +9.5%
Operating profit (loss) 9901 €13,730 €12,660 -€1,070 -7.8%
Financial income 75/76B €17 €811 +€794 +4753.2%
Recurring financial income 75 €0 €811 +€811 +8109600.0%
Non-recurring financial income 76B €17 €811 +€794 +4756.1%
Financial charges 65/66B €1,426 €1,754 +€328 +23.0%
Recurring financial charges 65 €1,155 €975 -€180 -15.6%
Non-recurring financial charges 66B €271 €779 +€508 +187.6%
Profit (loss) for the period before taxes 9903 €12,320 €11,716 -€604 -4.9%
Income taxes 67/77 - €2,396 +€2,396
Profit (loss) for the period 9904 €12,320 €9,321 -€3,000 -24.3%
Profit (loss) for the period to be appropriated 9905 €12,320 €9,321 -€3,000 -24.3%

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 10 October 2026 via checked.be.