BWare: 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.
BWare
Largest movements
- Tangible fixed assets -€35,058
down €35,058 (-4.4%), from €793,095 to €758,037
of which Land and buildings: -€32,781
- Other debts -€31,674
down €31,674 (-21.5%), from €147,446 to €115,772
- Gross operating margin +€48,877
up €48,877, from -€9,509 to €39,368
- Depreciation -€23,123
down €23,123 (-41.0%), from €56,378 to €33,255
- Other operating charges +€804
up €804 (+13.5%), from €5,966 to €6,770
- Financial charges -€542
down €542 (-83.4%), from €650 to €108
- Taxes +€473
up €473, from -€3 to €470
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 | €798,488 | €763,346 | -€35,142 | -4.4% |
| Fixed assets | 21/28 | €793,095 | €758,037 | -€35,058 | -4.4% |
| Tangible fixed assets | 22/27 | €793,095 | €758,037 | -€35,058 | -4.4% |
| Land and buildings | 22 | €789,783 | €757,002 | -€32,781 | -4.2% |
| Plant, machinery and equipment | 23 | €728 | €443 | -€284 | -39.1% |
| Furniture and vehicles | 24 | €2,584 | €591 | -€1,993 | -77.1% |
| Current assets | 29/58 | €5,394 | €5,309 | -€84 | -1.6% |
| Amounts receivable within one year | 40/41 | €1,064 | - | -€1,064 | |
| Other amounts receivable | 41 | €1,064 | - | -€1,064 | |
| Cash at bank and in hand | 54/58 | €2,761 | €3,643 | +€882 | +32.0% |
| Deferred charges and accrued income | 490/1 | €1,568 | €1,666 | +€98 | +6.2% |
| Total equity and liabilities | 10/49 | €798,488 | €763,346 | -€35,142 | -4.4% |
| Equity | 10/15 | €592,112 | €590,877 | -€1,234 | -0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €582,065 | €582,065 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €580,205 | €580,205 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,847 | €2,612 | -€1,234 | -32.1% |
| Amounts payable | 17/49 | €206,377 | €172,469 | -€33,908 | -16.4% |
| Amounts payable after more than one year | 17 | €58,347 | €56,697 | -€1,650 | -2.8% |
| Financial debts | 170/4 | €55,347 | €55,347 | = | 0.0% |
| Other amounts payable | 178/9 | €3,000 | €1,350 | -€1,650 | -55.0% |
| Amounts payable within one year | 42/48 | €148,030 | €115,772 | -€32,258 | -21.8% |
| Trade debts | 44 | €131 | - | -€131 | |
| Suppliers | 440/4 | €131 | - | -€131 | |
| Taxes, remuneration and social security | 45 | €453 | - | -€453 | |
| Taxes | 450/3 | €453 | - | -€453 | |
| Other amounts payable | 47/48 | €147,446 | €115,772 | -€31,674 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,378 | €33,255 | -€23,123 | -41.0% |
| Other operating charges | 640/8 | €5,966 | €6,770 | +€804 | +13.5% |
| Gross operating margin | 9900 | -€9,509 | €39,368 | +€48,877 | |
| Operating profit (loss) | 9901 | -€71,853 | -€657 | +€71,197 | +99.1% |
| Financial charges | 65/66B | €650 | €108 | -€542 | -83.4% |
| Recurring financial charges | 65 | €650 | €108 | -€542 | -83.4% |
| Profit (loss) for the period before taxes | 9903 | -€72,503 | -€764 | +€71,739 | +98.9% |
| Income taxes | 67/77 | -€3 | €470 | +€473 | |
| Profit (loss) for the period | 9904 | -€72,500 | -€1,234 | +€71,266 | +98.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,500 | -€1,234 | +€71,266 | +98.3% |
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 9 October 2026 via checked.be.