Heres Bouwprojecten: 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.
What changed
Heres Bouwprojecten
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€35,815
2024 · €13,361+€22,454
Equity
€499,324
2024 · €463,510+€35,815
Cash
€13,683
2024 · €21,443-€7,759
Balance sheet total
€1.5m
2024 · €1.5m-€35,510
Largest movements
Assets
- Stocks and contracts -€30,103
down €30,103 (-2.2%), from €1.4m to €1.3m
Equity and liabilities
- Current portion of long-term debt -€75,921
down €75,921 (-8.9%), from €857,201 to €781,280
- Reserves +€35,815
up €35,815 (+8.0%), from €444,910 to €480,724
of which Distributable reserves: +€35,815
- Trade debts -€30,300
down €30,300 (-81.6%), from €37,118 to €6,818
- Other debts +€24,070
up €24,070 (+18.6%), from €129,304 to €153,375
Income statement
- Gross operating margin +€52,026
up €52,026 (+109%), from €47,949 to €99,975
- Financial charges +€20,258
up €20,258 (+74.2%), from €27,296 to €47,554
- Taxes +€8,937
up €8,937 (+139%), from €6,449 to €15,386
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.
Result 2024
€13,361
Gross operating margin
+€52,026
Depreciation
+€562
Other operating charges
-€875
Financial income
-€63
Financial charges
-€20,258
Taxes
-€8,937
Result 2025
€35,815
raises the resultlowers the result
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.
From operations
+€64,703
Investment
+€3,458
Financing
-€75,921
Cash 2024
€21,443
From operations (derived)
+€64,703
Net result for the year
+€35,815
Depreciation
+€282
Stocks and contracts
+€30,103
Receivables within one year
-€6,548
Deferred charges and accrued income
+€456
Trade debts
-€30,300
Tax, wage and social debts
+€10,246
Advances received
+€320
Other debts
+€24,070
Accrued charges and deferred income
+€260
Investment (derived)
+€3,458
Investment in fixed assets (net)
+€3,458
Financing
-€75,921
Current portion of long-term debt
-€75,921
Cash 2025
€13,683
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,514,631 | €1,479,121 | -€35,510 | -2.3% |
| Fixed assets | 21/28 | €6,290 | €2,550 | -€3,740 | -59.5% |
| Intangible fixed assets | 21 | €2,682 | €2,400 | -€282 | -10.5% |
| Tangible fixed assets | 22/27 | €3,458 | - | -€3,458 | |
| Leasing and similar rights | 25 | €3,458 | - | -€3,458 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €1,508,341 | €1,476,571 | -€31,770 | -2.1% |
| Stocks and contracts in progress | 3 | €1,361,700 | €1,331,598 | -€30,103 | -2.2% |
| Stocks | 30/36 | €1,361,700 | €1,331,598 | -€30,103 | -2.2% |
| Amounts receivable within one year | 40/41 | €123,971 | €130,519 | +€6,548 | +5.3% |
| Trade receivables | 40 | €4,305 | €15,450 | +€11,146 | +259% |
| Other amounts receivable | 41 | €119,666 | €115,069 | -€4,598 | -3.8% |
| Cash at bank and in hand | 54/58 | €21,443 | €13,683 | -€7,759 | -36.2% |
| Deferred charges and accrued income | 490/1 | €1,227 | €771 | -€456 | -37.2% |
| Total equity and liabilities | 10/49 | €1,514,631 | €1,479,121 | -€35,510 | -2.3% |
| Equity | 10/15 | €463,510 | €499,324 | +€35,815 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €444,910 | €480,724 | +€35,815 | +8.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €443,050 | €478,864 | +€35,815 | +8.1% |
| Amounts payable | 17/49 | €1,051,121 | €979,797 | -€71,325 | -6.8% |
| Amounts payable within one year | 42/48 | €1,031,121 | €959,537 | -€71,585 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €857,201 | €781,280 | -€75,921 | -8.9% |
| Trade debts | 44 | €37,118 | €6,818 | -€30,300 | -81.6% |
| Suppliers | 440/4 | €37,118 | €6,818 | -€30,300 | -81.6% |
| Advances received on contracts in progress | 46 | - | €320 | +€320 | |
| Taxes, remuneration and social security | 45 | €7,498 | €17,744 | +€10,246 | +137% |
| Taxes | 450/3 | €7,178 | €15,416 | +€8,238 | +115% |
| Remuneration and social security | 454/9 | €320 | €2,328 | +€2,008 | +628% |
| Other amounts payable | 47/48 | €129,304 | €153,375 | +€24,070 | +18.6% |
| Accrued charges and deferred income | 492/3 | €20,000 | €20,260 | +€260 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €843 | €282 | -€562 | -66.6% |
| Other operating charges | 640/8 | €109 | €984 | +€875 | +803% |
| Gross operating margin | 9900 | €47,949 | €99,975 | +€52,026 | +109% |
| Operating profit (loss) | 9901 | €46,997 | €98,709 | +€51,712 | +110% |
| Financial income | 75/76B | €108 | €45 | -€63 | -58.6% |
| Recurring financial income | 75 | €108 | €45 | -€63 | -58.6% |
| Financial charges | 65/66B | €27,296 | €47,554 | +€20,258 | +74.2% |
| Recurring financial charges | 65 | €27,296 | €47,554 | +€20,258 | +74.2% |
| Profit (loss) for the period before taxes | 9903 | €19,809 | €51,200 | +€31,391 | +158% |
| Income taxes | 67/77 | €6,449 | €15,386 | +€8,937 | +139% |
| Profit (loss) for the period | 9904 | €13,361 | €35,815 | +€22,454 | +168% |
| Profit (loss) for the period to be appropriated | 9905 | €13,361 | €35,815 | +€22,454 | +168% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.