FRANS BOUWER: 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.
FRANS BOUWER
Largest movements
- Cash +€70,829
up €70,829 (+153%), from €46,168 to €116,997
mainly Receivables within one year (+€61,112) and Depreciation (+€13,066)
- Receivables within one year -€61,112
down €61,112 (-91.4%), from €66,893 to €5,782
of which Trade receivables: -€61,112
- Tangible fixed assets -€13,066
down €13,066 (-46.0%), from €28,413 to €15,348
of which Land and buildings: -€6,641
- Deferred charges and accrued income +€2,299
up €2,299 (+223%), from €1,031 to €3,330
- Profit (loss) carried forward -€9,008
down €9,008 (-43.8%), from -€20,582 to -€29,590
- Trade debts -€6,161
down €6,161 (-40.5%), from €15,214 to €9,054
- Tax, wage and social debts +€5,935
up €5,935 (+767%), from €774 to €6,709
- Other debts +€4,313
up €4,313 (+25.2%), from €17,095 to €21,408
- Accrued charges and deferred income +€3,872
up €3,872 (+55.0%), from €7,044 to €10,916
- Gross operating margin +€11,410
up €11,410, from -€4,267 to €7,143
- Depreciation -€437
down €437 (-3.2%), from €13,503 to €13,066
- Other operating charges +€266
up €266 (+33.8%), from €789 to €1,056
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 | €142,505 | €141,456 | -€1,049 | -0.7% |
| Fixed assets | 21/28 | €28,413 | €15,348 | -€13,066 | -46.0% |
| Tangible fixed assets | 22/27 | €28,413 | €15,348 | -€13,066 | -46.0% |
| Land and buildings | 22 | €12,339 | €5,698 | -€6,641 | -53.8% |
| Plant, machinery and equipment | 23 | €5,237 | €2,839 | -€2,398 | -45.8% |
| Furniture and vehicles | 24 | €10,837 | €6,810 | -€4,026 | -37.2% |
| Current assets | 29/58 | €114,092 | €126,108 | +€12,016 | +10.5% |
| Amounts receivable within one year | 40/41 | €66,893 | €5,782 | -€61,112 | -91.4% |
| Trade receivables | 40 | €62,070 | €958 | -€61,112 | -98.5% |
| Other amounts receivable | 41 | €4,824 | €4,824 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €46,168 | €116,997 | +€70,829 | +153% |
| Deferred charges and accrued income | 490/1 | €1,031 | €3,330 | +€2,299 | +223% |
| Total equity and liabilities | 10/49 | €142,505 | €141,456 | -€1,049 | -0.7% |
| Equity | 10/15 | €102,378 | €93,370 | -€9,008 | -8.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €110,560 | €110,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,661 | €2,661 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,661 | €2,661 | = | 0.0% |
| Tax-exempt reserves | 132 | €317 | €317 | = | 0.0% |
| Distributable reserves | 133 | €107,582 | €107,582 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,582 | -€29,590 | -€9,008 | -43.8% |
| Amounts payable | 17/49 | €40,127 | €48,086 | +€7,959 | +19.8% |
| Amounts payable within one year | 42/48 | €33,084 | €37,170 | +€4,087 | +12.4% |
| Trade debts | 44 | €15,214 | €9,054 | -€6,161 | -40.5% |
| Suppliers | 440/4 | €15,214 | €9,054 | -€6,161 | -40.5% |
| Taxes, remuneration and social security | 45 | €774 | €6,709 | +€5,935 | +767% |
| Taxes | 450/3 | €774 | €6,709 | +€5,935 | +767% |
| Other amounts payable | 47/48 | €17,095 | €21,408 | +€4,313 | +25.2% |
| Accrued charges and deferred income | 492/3 | €7,044 | €10,916 | +€3,872 | +55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,503 | €13,066 | -€437 | -3.2% |
| Other operating charges | 640/8 | €789 | €1,056 | +€266 | +33.8% |
| Gross operating margin | 9900 | -€4,267 | €7,143 | +€11,410 | |
| Operating profit (loss) | 9901 | -€18,559 | -€6,978 | +€11,581 | +62.4% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €1,849 | €1,854 | +€5 | +0.3% |
| Recurring financial charges | 65 | €1,849 | €1,854 | +€5 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,406 | -€8,832 | +€11,574 | +56.7% |
| Income taxes | 67/77 | €176 | €176 | -€0 | -0.2% |
| Profit (loss) for the period | 9904 | -€20,582 | -€9,008 | +€11,574 | +56.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,582 | -€9,008 | +€11,574 | +56.2% |
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 16 October 2026 via checked.be.