BWMOTORS: 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.
BWMOTORS
Largest movements
- Stocks and contracts +€243,074
up €243,074 (+74.7%), from €325,249 to €568,323
- Receivables within one year +€29,791
up €29,791 (+14.1%), from €211,596 to €241,387
of which Trade receivables: +€29,791
- Tangible fixed assets -€17,666
down €17,666 (-5.0%), from €352,145 to €334,479
of which Land and buildings: -€14,064
- Trade debts +€259,844
up €259,844 (+829%), from €31,336 to €291,180
- Other debts +€30,573
up €30,573 (+286%), from €10,677 to €41,250
- Debts after one year -€22,077
down €22,077 (-4.8%), from €464,620 to €442,544
- Tax, wage and social debts -€13,515
down €13,515 (-24.1%), from €56,151 to €42,637
of which Taxes: -€21,734
- Staff costs +€87,954
up €87,954 (+60.4%), from €145,599 to €233,553
- Gross operating margin +€36,738
up €36,738 (+12.9%), from €285,843 to €322,582
- Financial charges -€20,456
down €20,456 (-52.8%), from €38,769 to €18,313
- Taxes +€7,573
up €7,573 (+275%), from €2,754 to €10,328
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 | €899,335 | €1,157,241 | +€257,906 | +28.7% |
| Fixed assets | 21/28 | €359,679 | €341,514 | -€18,166 | -5.1% |
| Tangible fixed assets | 22/27 | €352,145 | €334,479 | -€17,666 | -5.0% |
| Land and buildings | 22 | €199,419 | €185,355 | -€14,064 | -7.1% |
| Plant, machinery and equipment | 23 | €11,077 | €7,982 | -€3,095 | -27.9% |
| Furniture and vehicles | 24 | €16,782 | €30,150 | +€13,368 | +79.7% |
| Other tangible fixed assets | 26 | €124,866 | €110,992 | -€13,874 | -11.1% |
| Financial fixed assets | 28 | €7,534 | €7,034 | -€500 | -6.6% |
| Current assets | 29/58 | €539,656 | €815,727 | +€276,071 | +51.2% |
| Stocks and contracts in progress | 3 | €325,249 | €568,323 | +€243,074 | +74.7% |
| Stocks | 30/36 | €325,249 | €568,323 | +€243,074 | +74.7% |
| Amounts receivable within one year | 40/41 | €211,596 | €241,387 | +€29,791 | +14.1% |
| Trade receivables | 40 | €2,985 | €32,777 | +€29,791 | +998% |
| Other amounts receivable | 41 | €208,611 | €208,611 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,401 | €5,772 | +€4,371 | +312% |
| Deferred charges and accrued income | 490/1 | €1,410 | €245 | -€1,165 | -82.6% |
| Total equity and liabilities | 10/49 | €899,335 | €1,157,241 | +€257,906 | +28.7% |
| Equity | 10/15 | €121,433 | €126,933 | +€5,499 | +4.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €96,859 | €96,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €95,000 | €95,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,982 | €11,481 | +€5,499 | +91.9% |
| Amounts payable | 17/49 | €777,902 | €1,030,308 | +€252,406 | +32.4% |
| Amounts payable after more than one year | 17 | €464,620 | €442,544 | -€22,077 | -4.8% |
| Financial debts | 170/4 | €464,620 | €442,544 | -€22,077 | -4.8% |
| Amounts payable within one year | 42/48 | €313,281 | €587,764 | +€274,483 | +87.6% |
| Current portion of amounts payable after more than one year | 42 | €25,117 | €22,698 | -€2,419 | -9.6% |
| Financial debts | 43 | €190,000 | €190,000 | = | 0.0% |
| Credit institutions | 430/8 | €190,000 | €190,000 | = | 0.0% |
| Trade debts | 44 | €31,336 | €291,180 | +€259,844 | +829% |
| Suppliers | 440/4 | €31,336 | €291,180 | +€259,844 | +829% |
| Taxes, remuneration and social security | 45 | €56,151 | €42,637 | -€13,515 | -24.1% |
| Taxes | 450/3 | €44,030 | €22,296 | -€21,734 | -49.4% |
| Remuneration and social security | 454/9 | €12,122 | €20,341 | +€8,219 | +67.8% |
| Other amounts payable | 47/48 | €10,677 | €41,250 | +€30,573 | +286% |
| Non-recurring operating income | 76A | €37,940 | - | -€37,940 | |
| Remuneration, social security and pensions | 62 | €145,599 | €233,553 | +€87,954 | +60.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,447 | €46,713 | +€2,266 | +5.1% |
| Other operating charges | 640/8 | €6,313 | €8,176 | +€1,863 | +29.5% |
| Non-recurring operating charges | 66A | €47,250 | - | -€47,250 | |
| Gross operating margin | 9900 | €285,843 | €322,582 | +€36,738 | +12.9% |
| Operating profit (loss) | 9901 | €42,235 | €34,140 | -€8,095 | -19.2% |
| Financial income | 75/76B | €1,138 | - | -€1,138 | |
| Recurring financial income | 75 | €1,138 | - | -€1,138 | |
| Financial charges | 65/66B | €38,769 | €18,313 | -€20,456 | -52.8% |
| Recurring financial charges | 65 | €38,769 | €18,313 | -€20,456 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €4,603 | €15,827 | +€11,224 | +244% |
| Income taxes | 67/77 | €2,754 | €10,328 | +€7,573 | +275% |
| Profit (loss) for the period | 9904 | €1,849 | €5,499 | +€3,650 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €1,849 | €5,499 | +€3,650 | +197% |
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 17 October 2026 via checked.be.