CS BOUW: 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.
CS BOUW
Largest movements
- Cash -€19,249
down €19,249 (-52.5%), from €36,648 to €17,399
mainly Investment in fixed assets (net) (-€36,488) and Other debts (-€18,828)
- Tangible fixed assets +€4,741
up €4,741 (+5.4%), from €87,251 to €91,993
of which Other tangible fixed assets: +€6,058
- Receivables within one year +€2,706
up €2,706 (+18.4%), from €14,729 to €17,435
of which Trade receivables: +€3,128
- Reserves +€41,026
new in 2025: €41,026
of which Distributable reserves: +€40,906
- Profit (loss) carried forward -€23,753
no longer reported in 2025 (was €23,753)
- Other debts -€18,828
down €18,828 (-84.7%), from €22,229 to €3,402
- Debts after one year -€11,393
down €11,393 (-17.0%), from €67,113 to €55,721
- Tax, wage and social debts +€3,797
up €3,797 (+498.4%), from €762 to €4,559
- Gross operating margin +€26,159
up €26,159 (+84.0%), from €31,147 to €57,306
- Depreciation +€6,848
up €6,848 (+27.5%), from €24,899 to €31,747
- Taxes +€3,797
up €3,797 (+498.4%), from €762 to €4,559
- Financial charges +€686
up €686 (+30.0%), from €2,292 to €2,978
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 | €138,629 | €126,827 | -€11,801 | -8.5% |
| Fixed assets | 21/28 | €87,251 | €91,993 | +€4,741 | +5.4% |
| Tangible fixed assets | 22/27 | €87,251 | €91,993 | +€4,741 | +5.4% |
| Plant, machinery and equipment | 23 | €22,523 | €25,999 | +€3,476 | +15.4% |
| Furniture and vehicles | 24 | €64,729 | €59,936 | -€4,793 | -7.4% |
| Other tangible fixed assets | 26 | - | €6,058 | +€6,058 | |
| Current assets | 29/58 | €51,377 | €34,834 | -€16,543 | -32.2% |
| Amounts receivable within one year | 40/41 | €14,729 | €17,435 | +€2,706 | +18.4% |
| Trade receivables | 40 | €10,873 | €14,002 | +€3,128 | +28.8% |
| Other amounts receivable | 41 | €3,856 | €3,433 | -€422 | -10.9% |
| Cash at bank and in hand | 54/58 | €36,648 | €17,399 | -€19,249 | -52.5% |
| Total equity and liabilities | 10/49 | €138,629 | €126,827 | -€11,801 | -8.5% |
| Equity | 10/15 | €24,953 | €42,226 | +€17,273 | +69.2% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | - | €41,026 | +€41,026 | |
| Non-distributable reserves | 130/1 | - | €120 | +€120 | |
| Reserves not available under the articles | 1311 | - | €120 | +€120 | |
| Distributable reserves | 133 | - | €40,906 | +€40,906 | |
| Profit (loss) carried forward | 14 | €23,753 | - | -€23,753 | |
| Amounts payable | 17/49 | €113,676 | €84,601 | -€29,075 | -25.6% |
| Amounts payable after more than one year | 17 | €67,113 | €55,721 | -€11,393 | -17.0% |
| Financial debts | 170/4 | €67,113 | €55,721 | -€11,393 | -17.0% |
| Amounts payable within one year | 42/48 | €44,529 | €28,880 | -€15,649 | -35.1% |
| Current portion of amounts payable after more than one year | 42 | €11,047 | €11,393 | +€346 | +3.1% |
| Trade debts | 44 | €10,490 | €9,527 | -€964 | -9.2% |
| Suppliers | 440/4 | €10,490 | €9,527 | -€964 | -9.2% |
| Taxes, remuneration and social security | 45 | €762 | €4,559 | +€3,797 | +498.4% |
| Taxes | 450/3 | €762 | €4,559 | +€3,797 | +498.4% |
| Other amounts payable | 47/48 | €22,229 | €3,402 | -€18,828 | -84.7% |
| Accrued charges and deferred income | 492/3 | €2,033 | - | -€2,033 | |
| Non-recurring operating income | 76A | €7,769 | - | -€7,769 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,899 | €31,747 | +€6,848 | +27.5% |
| Other operating charges | 640/8 | €1,018 | €749 | -€269 | -26.4% |
| Gross operating margin | 9900 | €31,147 | €57,306 | +€26,159 | +84.0% |
| Operating profit (loss) | 9901 | €5,230 | €24,810 | +€19,580 | +374.3% |
| Financial charges | 65/66B | €2,292 | €2,978 | +€686 | +30.0% |
| Recurring financial charges | 65 | €2,292 | €2,978 | +€686 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €2,939 | €21,832 | +€18,893 | +642.9% |
| Income taxes | 67/77 | €762 | €4,559 | +€3,797 | +498.4% |
| Profit (loss) for the period | 9904 | €2,177 | €17,273 | +€15,096 | +693.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,177 | €17,273 | +€15,096 | +693.5% |
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.