BYWA: 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.
BYWA
Largest movements
- Cash +€28,524
up €28,524 (+49.1%), from €58,149 to €86,673
mainly Net result for the year (+€32,097) and Depreciation (+€2,656)
- Tangible fixed assets +€3,437
up €3,437 (+76.1%), from €4,515 to €7,952
- Profit (loss) carried forward +€32,097
up €32,097 (+81.4%), from €39,420 to €71,517
- Trade debts +€1,207
up €1,207 (+47.6%), from €2,537 to €3,744
- Gross operating margin -€9,372
down €9,372 (-16.5%), from €56,887 to €47,515
- Taxes -€1,450
down €1,450 (-13.2%), from €11,028 to €9,578
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 | €75,748 | €108,374 | +€32,626 | +43.1% |
| Formation expenses | 20 | €376 | - | -€376 | |
| Fixed assets | 21/28 | €4,515 | €7,952 | +€3,437 | +76.1% |
| Tangible fixed assets | 22/27 | €4,515 | €7,952 | +€3,437 | +76.1% |
| Furniture and vehicles | 24 | €4,515 | €7,952 | +€3,437 | +76.1% |
| Current assets | 29/58 | €70,858 | €100,422 | +€29,564 | +41.7% |
| Amounts receivable within one year | 40/41 | €12,240 | €13,270 | +€1,030 | +8.4% |
| Trade receivables | 40 | €12,238 | €12,934 | +€696 | +5.7% |
| Other amounts receivable | 41 | €3 | €337 | +€334 | +12794.6% |
| Cash at bank and in hand | 54/58 | €58,149 | €86,673 | +€28,524 | +49.1% |
| Deferred charges and accrued income | 490/1 | €469 | €479 | +€10 | +2.2% |
| Total equity and liabilities | 10/49 | €75,748 | €108,374 | +€32,626 | +43.1% |
| Equity | 10/15 | €43,420 | €75,517 | +€32,097 | +73.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,420 | €71,517 | +€32,097 | +81.4% |
| Amounts payable | 17/49 | €32,328 | €32,857 | +€529 | +1.6% |
| Amounts payable within one year | 42/48 | €31,962 | €32,524 | +€562 | +1.8% |
| Trade debts | 44 | €2,537 | €3,744 | +€1,207 | +47.6% |
| Suppliers | 440/4 | €2,537 | €3,744 | +€1,207 | +47.6% |
| Taxes, remuneration and social security | 45 | €24,863 | €24,077 | -€787 | -3.2% |
| Taxes | 450/3 | €24,863 | €24,077 | -€787 | -3.2% |
| Other amounts payable | 47/48 | €4,562 | €4,704 | +€142 | +3.1% |
| Accrued charges and deferred income | 492/3 | €366 | €333 | -€33 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,077 | €2,656 | -€422 | -13.7% |
| Other operating charges | 640/8 | €168 | €402 | +€235 | +140.0% |
| Gross operating margin | 9900 | €56,887 | €47,515 | -€9,372 | -16.5% |
| Operating profit (loss) | 9901 | €53,642 | €44,457 | -€9,185 | -17.1% |
| Financial income | 75/76B | €35 | €108 | +€73 | +212.0% |
| Recurring financial income | 75 | €35 | €108 | +€73 | +212.0% |
| Financial charges | 65/66B | €3,229 | €2,891 | -€338 | -10.5% |
| Recurring financial charges | 65 | €3,229 | €2,891 | -€338 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €50,448 | €41,675 | -€8,773 | -17.4% |
| Income taxes | 67/77 | €11,028 | €9,578 | -€1,450 | -13.2% |
| Profit (loss) for the period | 9904 | €39,420 | €32,097 | -€7,323 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,420 | €32,097 | -€7,323 | -18.6% |
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 6 October 2026 via checked.be.