BWH Tech: 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.
BWH Tech
Largest movements
- Cash +€25,029
up €25,029 (+53.9%), from €46,409 to €71,438
mainly Net result for the year (+€31,618) and Tax, wage and social debts (+€4,876)
- Receivables within one year +€15,493
up €15,493 (+54.8%), from €28,275 to €43,768
of which Trade receivables: +€15,351
- Profit (loss) carried forward +€31,618
up €31,618 (+44.2%), from €71,497 to €103,115
- Tax, wage and social debts +€4,876
up €4,876 (+112%), from €4,344 to €9,220
of which Taxes: +€4,905
- Trade debts +€3,721
up €3,721 (+193%), from €1,932 to €5,653
- Gross operating margin -€50,739
down €50,739 (-54.6%), from €92,975 to €42,236
- Taxes -€11,678
down €11,678 (-57.8%), from €20,200 to €8,522
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 | €80,359 | €121,110 | +€40,751 | +50.7% |
| Fixed assets | 21/28 | €5,675 | €5,904 | +€229 | +4.0% |
| Tangible fixed assets | 22/27 | €5,620 | €5,849 | +€229 | +4.1% |
| Furniture and vehicles | 24 | €5,620 | €5,849 | +€229 | +4.1% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €74,684 | €115,206 | +€40,522 | +54.3% |
| Amounts receivable within one year | 40/41 | €28,275 | €43,768 | +€15,493 | +54.8% |
| Trade receivables | 40 | €27,417 | €42,768 | +€15,351 | +56.0% |
| Other amounts receivable | 41 | €858 | €1,000 | +€142 | +16.6% |
| Cash at bank and in hand | 54/58 | €46,409 | €71,438 | +€25,029 | +53.9% |
| Total equity and liabilities | 10/49 | €80,359 | €121,110 | +€40,751 | +50.7% |
| Equity | 10/15 | €73,497 | €105,115 | +€31,618 | +43.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,497 | €103,115 | +€31,618 | +44.2% |
| Amounts payable | 17/49 | €6,861 | €15,995 | +€9,133 | +133% |
| Amounts payable within one year | 42/48 | €6,276 | €14,874 | +€8,597 | +137% |
| Trade debts | 44 | €1,932 | €5,653 | +€3,721 | +193% |
| Suppliers | 440/4 | €1,932 | €5,653 | +€3,721 | +193% |
| Taxes, remuneration and social security | 45 | €4,344 | €9,220 | +€4,876 | +112% |
| Taxes | 450/3 | €2,229 | €7,133 | +€4,905 | +220% |
| Remuneration and social security | 454/9 | €2,115 | €2,087 | -€28 | -1.3% |
| Accrued charges and deferred income | 492/3 | €585 | €1,121 | +€536 | +91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,184 | €1,982 | +€798 | +67.4% |
| Gross operating margin | 9900 | €92,975 | €42,236 | -€50,739 | -54.6% |
| Operating profit (loss) | 9901 | €91,792 | €40,254 | -€51,538 | -56.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1,400% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1,400% |
| Financial charges | 65/66B | €94 | €114 | +€20 | +21.2% |
| Recurring financial charges | 65 | €94 | €114 | +€20 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €91,697 | €40,140 | -€51,557 | -56.2% |
| Income taxes | 67/77 | €20,200 | €8,522 | -€11,678 | -57.8% |
| Profit (loss) for the period | 9904 | €71,497 | €31,618 | -€39,880 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €71,497 | €31,618 | -€39,880 | -55.8% |
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 15 October 2026 via checked.be.