FG 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.
FG BOUW
Largest movements
- Stocks and contracts -€5.0m
down €5.0m (-68.2%), from €7.3m to €2.3m
- Cash -€131,865
down €131,865 (-91.9%), from €143,478 to €11,613
mainly Accrued charges and deferred income (-€5.8m) and Contributions, distributions and other (-€400,000)
- Accrued charges and deferred income -€5.8m
down €5.8m (-72.3%), from €8.1m to €2.2m
- Other debts +€459,840
up €459,840 (+1149.6%), from €40,000 to €499,840
- Trade debts +€145,549
up €145,549 (+184.2%), from €79,016 to €224,565
- Gross operating margin +€385,655
up €385,655 (+2324.3%), from €16,592 to €402,247
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 | €8,327,423 | €3,093,760 | -€5.2m | -62.8% |
| Fixed assets | 21/28 | €10,000 | €200 | -€9,800 | -98.0% |
| Financial fixed assets | 28 | €10,000 | €200 | -€9,800 | -98.0% |
| Current assets | 29/58 | €8,317,423 | €3,093,560 | -€5.2m | -62.8% |
| Amounts receivable after more than one year | 29 | €393,750 | €339,750 | -€54,000 | -13.7% |
| Other amounts receivable | 291 | €393,750 | €339,750 | -€54,000 | -13.7% |
| Stocks and contracts in progress | 3 | €7,333,934 | €2,335,156 | -€5.0m | -68.2% |
| Stocks | 30/36 | €7,333,934 | €2,335,156 | -€5.0m | -68.2% |
| Amounts receivable within one year | 40/41 | €444,322 | €407,041 | -€37,281 | -8.4% |
| Trade receivables | 40 | €18,688 | €2,702 | -€15,986 | -85.5% |
| Other amounts receivable | 41 | €425,634 | €404,338 | -€21,296 | -5.0% |
| Cash at bank and in hand | 54/58 | €143,478 | €11,613 | -€131,865 | -91.9% |
| Deferred charges and accrued income | 490/1 | €1,939 | - | -€1,939 | |
| Total equity and liabilities | 10/49 | €8,327,423 | €3,093,760 | -€5.2m | -62.8% |
| Equity | 10/15 | €133,111 | €133,926 | +€815 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,651 | €113,466 | +€815 | +0.7% |
| Amounts payable | 17/49 | €8,194,312 | €2,959,834 | -€5.2m | -63.9% |
| Amounts payable within one year | 42/48 | €130,493 | €725,333 | +€594,840 | +455.8% |
| Trade debts | 44 | €79,016 | €224,565 | +€145,549 | +184.2% |
| Suppliers | 440/4 | €79,016 | €224,565 | +€145,549 | +184.2% |
| Taxes, remuneration and social security | 45 | €11,477 | €928 | -€10,549 | -91.9% |
| Taxes | 450/3 | €11,477 | €928 | -€10,549 | -91.9% |
| Other amounts payable | 47/48 | €40,000 | €499,840 | +€459,840 | +1149.6% |
| Accrued charges and deferred income | 492/3 | €8,063,819 | €2,234,502 | -€5.8m | -72.3% |
| Other operating charges | 640/8 | €3,406 | €1,126 | -€2,280 | -66.9% |
| Gross operating margin | 9900 | €16,592 | €402,247 | +€385,655 | +2324.3% |
| Operating profit (loss) | 9901 | €13,186 | €401,121 | +€387,935 | +2942.0% |
| Financial charges | 65/66B | €42 | - | -€42 | |
| Recurring financial charges | 65 | €42 | - | -€42 | |
| Profit (loss) for the period before taxes | 9903 | €13,144 | €401,121 | +€387,977 | +2951.7% |
| Income taxes | 67/77 | €3,864 | €305 | -€3,559 | -92.1% |
| Profit (loss) for the period | 9904 | €9,280 | €400,815 | +€391,535 | +4219.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,280 | €400,815 | +€391,535 | +4219.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.