DE BOUWMEESTER: 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.
DE BOUWMEESTER
Largest movements
- Stocks and contracts -€198,275
no longer reported in 2025 (was €198,275)
- Cash +€185,840
up €185,840 (+797%), from €23,306 to €209,146
mainly Stocks and contracts (+€198,275) and Tax, wage and social debts (+€15,709)
- Receivables within one year -€11,547
down €11,547 (-56.0%), from €20,612 to €9,065
of which Other amounts receivable: -€16,570
- Tangible fixed assets +€3,335
new in 2025: €3,335
- Profit (loss) carried forward -€40,777
new in 2025: -€40,777
- Tax, wage and social debts +€15,709
up €15,709 (+55.0%), from €28,586 to €44,295
- Other debts +€9,461
up €9,461 (+10.9%), from €86,559 to €96,020
- Trade debts -€5,383
down €5,383 (-23.4%), from €23,015 to €17,632
- Gross operating margin -€128,758
down €128,758, from €89,179 to -€39,579
- Financial charges -€27,252
down €27,252 (-98.8%), from €27,573 to €322
- Taxes -€13,201
no longer reported in 2025 (was €13,201)
- Financial income -€2,376
down €2,376 (-100.0%), from €2,377 to €0
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 | €242,656 | €221,665 | -€20,992 | -8.7% |
| Fixed assets | 21/28 | €119 | €3,454 | +€3,335 | +2,802% |
| Tangible fixed assets | 22/27 | - | €3,335 | +€3,335 | |
| Furniture and vehicles | 24 | - | €3,335 | +€3,335 | |
| Financial fixed assets | 28 | €119 | €119 | = | 0.0% |
| Current assets | 29/58 | €242,537 | €218,211 | -€24,326 | -10.0% |
| Stocks and contracts in progress | 3 | €198,275 | - | -€198,275 | |
| Stocks | 30/36 | €198,275 | - | -€198,275 | |
| Amounts receivable within one year | 40/41 | €20,612 | €9,065 | -€11,547 | -56.0% |
| Trade receivables | 40 | €3,828 | €8,851 | +€5,023 | +131% |
| Other amounts receivable | 41 | €16,784 | €214 | -€16,570 | -98.7% |
| Cash at bank and in hand | 54/58 | €23,306 | €209,146 | +€185,840 | +797% |
| Deferred charges and accrued income | 490/1 | €345 | - | -€345 | |
| Total equity and liabilities | 10/49 | €242,656 | €221,665 | -€20,992 | -8.7% |
| Equity | 10/15 | €104,496 | €63,718 | -€40,777 | -39.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,896 | €85,896 | = | 0.0% |
| Distributable reserves | 133 | €85,896 | €85,896 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€40,777 | -€40,777 | |
| Amounts payable | 17/49 | €138,160 | €157,946 | +€19,786 | +14.3% |
| Amounts payable within one year | 42/48 | €138,160 | €157,946 | +€19,786 | +14.3% |
| Trade debts | 44 | €23,015 | €17,632 | -€5,383 | -23.4% |
| Suppliers | 440/4 | €23,015 | €17,632 | -€5,383 | -23.4% |
| Taxes, remuneration and social security | 45 | €28,586 | €44,295 | +€15,709 | +55.0% |
| Taxes | 450/3 | €28,586 | €44,295 | +€15,709 | +55.0% |
| Other amounts payable | 47/48 | €86,559 | €96,020 | +€9,461 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €323 | +€323 | |
| Other operating charges | 640/8 | €555 | €554 | -€1 | -0.2% |
| Gross operating margin | 9900 | €89,179 | -€39,579 | -€128,758 | |
| Operating profit (loss) | 9901 | €88,623 | -€40,456 | -€129,079 | |
| Financial income | 75/76B | €2,377 | €0 | -€2,376 | -100.0% |
| Recurring financial income | 75 | €2,377 | €0 | -€2,376 | -100.0% |
| Financial charges | 65/66B | €27,573 | €322 | -€27,252 | -98.8% |
| Recurring financial charges | 65 | €27,573 | €322 | -€27,252 | -98.8% |
| Profit (loss) for the period before taxes | 9903 | €63,427 | -€40,777 | -€104,204 | |
| Income taxes | 67/77 | €13,201 | - | -€13,201 | |
| Profit (loss) for the period | 9904 | €50,226 | -€40,777 | -€91,003 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,226 | -€40,777 | -€91,003 |
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 24 October 2026 via checked.be.