BWS TRANS: what changed
Two fiscal 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.
BWS TRANS
Largest movements
- Receivables within one year -€4,825
down €4,825 (-29.7%), from €16,253 to €11,429
of which Trade receivables: -€7,708
- Cash -€1,401
down €1,401 (-99.5%), from €1,408 to €7
mainly Net result for the year (-€13,213) and Trade debts (-€2,211)
- Formation expenses -€413
down €413 (-35.2%), from €1,173 to €760
- Profit (loss) carried forward -€13,213
down €13,213 (-90.1%), from €14,670 to €1,457
- Tax, wage and social debts +€8,786
new in 2025: €8,786
- Trade debts -€2,211
down €2,211 (-69.9%), from €3,164 to €953
- Gross operating margin -€50,912
down €50,912, from €42,548 to -€8,364
- Taxes -€6,159
down €6,159 (-90.0%), from €6,843 to €684
- Financial charges -€5,467
down €5,467 (-92.7%), from €5,900 to €433
of which Non-recurring financial charges: -€5,308
- Staff costs -€4,066
no longer reported in 2025 (was €4,066)
- Other operating charges +€2,557
up €2,557 (+328.1%), from €779 to €3,336
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 | €18,834 | €12,196 | -€6,639 | -35.2% |
| Formation expenses | 20 | €1,173 | €760 | -€413 | -35.2% |
| Current assets | 29/58 | €17,661 | €11,436 | -€6,225 | -35.2% |
| Amounts receivable within one year | 40/41 | €16,253 | €11,429 | -€4,825 | -29.7% |
| Trade receivables | 40 | €7,708 | - | -€7,708 | |
| Other amounts receivable | 41 | €8,545 | €11,429 | +€2,883 | +33.7% |
| Cash at bank and in hand | 54/58 | €1,408 | €7 | -€1,401 | -99.5% |
| Total equity and liabilities | 10/49 | €18,834 | €12,196 | -€6,639 | -35.2% |
| Equity | 10/15 | €15,670 | €2,457 | -€13,213 | -84.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,670 | €1,457 | -€13,213 | -90.1% |
| Amounts payable | 17/49 | €3,164 | €9,739 | +€6,575 | +207.8% |
| Amounts payable within one year | 42/48 | €3,164 | €9,739 | +€6,575 | +207.8% |
| Trade debts | 44 | €3,164 | €953 | -€2,211 | -69.9% |
| Suppliers | 440/4 | €3,164 | €953 | -€2,211 | -69.9% |
| Taxes, remuneration and social security | 45 | - | €8,786 | +€8,786 | |
| Taxes | 450/3 | - | €8,786 | +€8,786 | |
| Remuneration, social security and pensions | 62 | €4,066 | - | -€4,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €413 | +€413 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €413 | - | -€413 | |
| Other operating charges | 640/8 | €779 | €3,336 | +€2,557 | +328.1% |
| Gross operating margin | 9900 | €42,548 | -€8,364 | -€50,912 | |
| Operating profit (loss) | 9901 | €37,289 | -€12,113 | -€49,402 | |
| Financial income | 75/76B | €2 | €17 | +€15 | +632.2% |
| Recurring financial income | 75 | €2 | €17 | +€15 | +632.2% |
| Financial charges | 65/66B | €5,900 | €433 | -€5,467 | -92.7% |
| Recurring financial charges | 65 | €592 | €433 | -€158 | -26.8% |
| Non-recurring financial charges | 66B | €5,308 | - | -€5,308 | |
| Profit (loss) for the period before taxes | 9903 | €31,392 | -€12,529 | -€43,921 | |
| Income taxes | 67/77 | €6,843 | €684 | -€6,159 | -90.0% |
| Profit (loss) for the period | 9904 | €24,548 | -€13,213 | -€37,762 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,548 | -€13,213 | -€37,762 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.