FABIO 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.
FABIO BOUW
Largest movements
- Receivables within one year +€134,186
up €134,186 (+506%), from €26,543 to €160,729
of which Trade receivables: +€130,823
- Cash +€9,535
new in 2025: €9,535
mainly Trade debts (+€62,331) and Net result for the year (+€59,196)
- Tangible fixed assets +€5,677
new in 2025: €5,677
- Trade debts +€62,331
new in 2025: €62,331
of which Suppliers: +€60,856
- Profit (loss) carried forward +€59,196
up €59,196 (+223%), from €26,604 to €85,799
- Other debts +€12,427
up €12,427 (+11,612%), from €107 to €12,534
- Short-term financial debts +€11,376
new in 2025: €11,376
- Tax, wage and social debts +€2,900
new in 2025: €2,900
- Gross operating margin +€43,182
up €43,182 (+153%), from €28,136 to €71,318
- Taxes +€6,270
new in 2025: €6,270
- Other operating charges +€1,783
new in 2025: €1,783
- Financial charges +€1,640
new in 2025: €1,640
- Depreciation +€794
up €794 (+52.0%), from €1,529 to €2,323
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 | €26,711 | €175,940 | +€149,229 | +559% |
| Fixed assets | 21/28 | - | €5,677 | +€5,677 | |
| Tangible fixed assets | 22/27 | - | €5,677 | +€5,677 | |
| Furniture and vehicles | 24 | - | €5,677 | +€5,677 | |
| Current assets | 29/58 | €26,711 | €170,263 | +€143,553 | +537% |
| Amounts receivable within one year | 40/41 | €26,543 | €160,729 | +€134,186 | +506% |
| Trade receivables | 40 | €22,804 | €153,627 | +€130,823 | +574% |
| Other amounts receivable | 41 | €3,739 | €7,102 | +€3,363 | +90.0% |
| Cash at bank and in hand | 54/58 | - | €9,535 | +€9,535 | |
| Deferred charges and accrued income | 490/1 | €168 | €0 | -€168 | -100% |
| Total equity and liabilities | 10/49 | €26,711 | €175,940 | +€149,229 | +559% |
| Equity | 10/15 | €26,604 | €86,799 | +€60,196 | +226% |
| Contributions | 10/11 | - | €1,000 | +€1,000 | |
| Profit (loss) carried forward | 14 | €26,604 | €85,799 | +€59,196 | +223% |
| Amounts payable | 17/49 | €107 | €89,141 | +€89,034 | +83,193% |
| Amounts payable within one year | 42/48 | €107 | €89,141 | +€89,034 | +83,193% |
| Financial debts | 43 | - | €11,376 | +€11,376 | |
| Credit institutions | 430/8 | - | €11,376 | +€11,376 | |
| Trade debts | 44 | - | €62,331 | +€62,331 | |
| Suppliers | 440/4 | - | €60,856 | +€60,856 | |
| Bills of exchange payable | 441 | - | €1,475 | +€1,475 | |
| Taxes, remuneration and social security | 45 | - | €2,900 | +€2,900 | |
| Taxes | 450/3 | - | €2,900 | +€2,900 | |
| Other amounts payable | 47/48 | €107 | €12,534 | +€12,427 | +11,612% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €3 | €279 | +€276 | +8,657% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,529 | €2,323 | +€794 | +52.0% |
| Other operating charges | 640/8 | - | €1,783 | +€1,783 | |
| Gross operating margin | 9900 | €28,136 | €71,318 | +€43,182 | +153% |
| Operating profit (loss) | 9901 | €26,604 | €66,933 | +€40,329 | +152% |
| Financial income | 75/76B | - | €174 | +€174 | |
| Recurring financial income | 75 | - | €174 | +€174 | |
| Financial charges | 65/66B | - | €1,640 | +€1,640 | |
| Recurring financial charges | 65 | - | €1,640 | +€1,640 | |
| Profit (loss) for the period before taxes | 9903 | €26,604 | €65,466 | +€38,863 | +146% |
| Income taxes | 67/77 | - | €6,270 | +€6,270 | |
| Profit (loss) for the period | 9904 | €26,604 | €59,196 | +€32,592 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €26,604 | €59,196 | +€32,592 | +123% |
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 18 October 2026 via checked.be.