NET 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.
NET BOUW
Largest movements
- Tangible fixed assets +€51,994
up €51,994 (+2166.5%), from €2,400 to €54,394
of which Leasing and similar rights: +€53,286
- Receivables within one year -€18,332
down €18,332 (-70.7%), from €25,930 to €7,598
of which Trade receivables: -€21,437
- Cash +€4,869
up €4,869 (+306.9%), from €1,586 to €6,455
mainly Debts after one year (+€35,539) and Receivables within one year (+€18,332)
- Debts after one year +€35,539
new in 2025: €35,539
- Current portion of long-term debt +€9,880
new in 2025: €9,880
- Profit (loss) carried forward -€6,672
down €6,672 (-37.6%), from €17,762 to €11,089
- Tax, wage and social debts -€1,712
down €1,712 (-31.1%), from €5,510 to €3,799
of which Taxes: -€1,508
- Trade debts +€1,647
up €1,647 (+540.5%), from €305 to €1,951
- Gross operating margin -€37,563
down €37,563 (-82.6%), from €45,459 to €7,895
- Staff costs -€23,369
down €23,369 (-99.6%), from €23,468 to €99
- Depreciation +€7,029
up €7,029 (+471.2%), from €1,492 to €8,521
- Taxes -€4,290
down €4,290 (-97.6%), from €4,394 to €104
- Other operating charges +€3,810
up €3,810 (+421.2%), from €905 to €4,714
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 | €30,077 | €68,758 | +€38,682 | +128.6% |
| Fixed assets | 21/28 | €2,400 | €54,394 | +€51,994 | +2166.5% |
| Tangible fixed assets | 22/27 | €2,400 | €54,394 | +€51,994 | +2166.5% |
| Plant, machinery and equipment | 23 | €1,860 | €892 | -€968 | -52.0% |
| Furniture and vehicles | 24 | €540 | €216 | -€324 | -60.1% |
| Leasing and similar rights | 25 | - | €53,286 | +€53,286 | |
| Current assets | 29/58 | €27,677 | €14,364 | -€13,312 | -48.1% |
| Amounts receivable within one year | 40/41 | €25,930 | €7,598 | -€18,332 | -70.7% |
| Trade receivables | 40 | €21,437 | - | -€21,437 | |
| Other amounts receivable | 41 | €4,493 | €7,598 | +€3,105 | +69.1% |
| Cash at bank and in hand | 54/58 | €1,586 | €6,455 | +€4,869 | +306.9% |
| Deferred charges and accrued income | 490/1 | €161 | €311 | +€151 | +94.0% |
| Total equity and liabilities | 10/49 | €30,077 | €68,758 | +€38,682 | +128.6% |
| Equity | 10/15 | €24,262 | €17,589 | -€6,672 | -27.5% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,762 | €11,089 | -€6,672 | -37.6% |
| Amounts payable | 17/49 | €5,815 | €51,169 | +€45,354 | +780.0% |
| Amounts payable after more than one year | 17 | - | €35,539 | +€35,539 | |
| Financial debts | 170/4 | - | €35,539 | +€35,539 | |
| Amounts payable within one year | 42/48 | €5,815 | €15,630 | +€9,815 | +168.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,880 | +€9,880 | |
| Trade debts | 44 | €305 | €1,951 | +€1,647 | +540.5% |
| Suppliers | 440/4 | €305 | €1,951 | +€1,647 | +540.5% |
| Taxes, remuneration and social security | 45 | €5,510 | €3,799 | -€1,712 | -31.1% |
| Taxes | 450/3 | €5,307 | €3,799 | -€1,508 | -28.4% |
| Remuneration and social security | 454/9 | €203 | - | -€203 | |
| Non-recurring operating income | 76A | - | €922 | +€922 | |
| Remuneration, social security and pensions | 62 | €23,468 | €99 | -€23,369 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,492 | €8,521 | +€7,029 | +471.2% |
| Other operating charges | 640/8 | €905 | €4,714 | +€3,810 | +421.2% |
| Gross operating margin | 9900 | €45,459 | €7,895 | -€37,563 | -82.6% |
| Operating profit (loss) | 9901 | €19,594 | -€5,438 | -€25,033 | |
| Financial income | 75/76B | €93 | €312 | +€219 | +235.7% |
| Recurring financial income | 75 | €93 | €312 | +€219 | +235.7% |
| Financial charges | 65/66B | €96 | €1,441 | +€1,345 | +1393.9% |
| Recurring financial charges | 65 | €96 | €1,441 | +€1,345 | +1393.9% |
| Profit (loss) for the period before taxes | 9903 | €19,591 | -€6,568 | -€26,159 | |
| Income taxes | 67/77 | €4,394 | €104 | -€4,290 | -97.6% |
| Profit (loss) for the period | 9904 | €15,197 | -€6,672 | -€21,869 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,197 | -€6,672 | -€21,869 |
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 11 October 2026 via checked.be.