NIAGARA 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.
NIAGARA BOUW
Largest movements
- Receivables within one year -€19,339
down €19,339 (-11.9%), from €162,048 to €142,709
of which Trade receivables: -€55,723
- Cash +€3,644
new in 2025: €3,644
mainly Tax, wage and social debts (+€58,135) and Receivables within one year (+€19,339)
- Trade debts -€78,517
down €78,517 (-61.1%), from €128,465 to €49,948
- Tax, wage and social debts +€58,135
up €58,135 (+433%), from €13,413 to €71,547
of which Remuneration and social security: +€57,023
- Profit (loss) carried forward +€4,687
up €4,687 (+30.9%), from €15,170 to €19,857
- Gross operating margin -€13,101
down €13,101 (-69.1%), from €18,963 to €5,862
- Taxes -€2,547
down €2,547 (-67.2%), from €3,793 to €1,245
- Financial income +€503
new in 2025: €503
- Other operating charges +€256
new in 2025: €256
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 | €162,048 | €146,353 | -€15,695 | -9.7% |
| Current assets | 29/58 | €162,048 | €146,353 | -€15,695 | -9.7% |
| Amounts receivable within one year | 40/41 | €162,048 | €142,709 | -€19,339 | -11.9% |
| Trade receivables | 40 | €157,048 | €101,325 | -€55,723 | -35.5% |
| Other amounts receivable | 41 | €5,000 | €41,384 | +€36,384 | +728% |
| Cash at bank and in hand | 54/58 | - | €3,644 | +€3,644 | |
| Total equity and liabilities | 10/49 | €162,048 | €146,353 | -€15,695 | -9.7% |
| Equity | 10/15 | €20,170 | €24,857 | +€4,687 | +23.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,170 | €19,857 | +€4,687 | +30.9% |
| Amounts payable | 17/49 | €141,878 | €121,496 | -€20,382 | -14.4% |
| Amounts payable within one year | 42/48 | €141,878 | €121,496 | -€20,382 | -14.4% |
| Financial debts | 43 | €0 | - | -€0 | |
| Credit institutions | 430/8 | €0 | - | -€0 | |
| Trade debts | 44 | €128,465 | €49,948 | -€78,517 | -61.1% |
| Suppliers | 440/4 | €128,465 | €49,948 | -€78,517 | -61.1% |
| Taxes, remuneration and social security | 45 | €13,413 | €71,547 | +€58,135 | +433% |
| Taxes | 450/3 | €3,793 | €4,905 | +€1,112 | +29.3% |
| Remuneration and social security | 454/9 | €9,620 | €66,643 | +€57,023 | +593% |
| Other operating charges | 640/8 | - | €256 | +€256 | |
| Gross operating margin | 9900 | €18,963 | €5,862 | -€13,101 | -69.1% |
| Operating profit (loss) | 9901 | €18,963 | €5,606 | -€13,357 | -70.4% |
| Financial income | 75/76B | - | €503 | +€503 | |
| Recurring financial income | 75 | - | €503 | +€503 | |
| Financial charges | 65/66B | €0 | €177 | +€177 | +117,880% |
| Recurring financial charges | 65 | €0 | €177 | +€177 | +117,880% |
| Profit (loss) for the period before taxes | 9903 | €18,963 | €5,932 | -€13,031 | -68.7% |
| Income taxes | 67/77 | €3,793 | €1,245 | -€2,547 | -67.2% |
| Profit (loss) for the period | 9904 | €15,170 | €4,687 | -€10,483 | -69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,170 | €4,687 | -€10,483 | -69.1% |
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 31 October 2026 via checked.be.