REAL 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.
REAL BOUW
Largest movements
- Cash -€6,672
down €6,672 (-44.5%), from €15,008 to €8,337
mainly Trade debts (-€22,736) and Deferred charges and accrued income (-€519)
- Receivables within one year -€1,986
down €1,986 (-2.1%), from €94,086 to €92,100
of which Trade receivables: -€13,481
- Trade debts -€22,736
down €22,736 (-30.2%), from €75,385 to €52,649
- Tax, wage and social debts +€11,625
up €11,625 (+88.8%), from €13,096 to €24,721
of which Remuneration and social security: +€10,491
- Profit (loss) carried forward +€2,972
up €2,972 (+16.9%), from €17,629 to €20,601
- Gross operating margin -€20,737
down €20,737 (-83.7%), from €24,769 to €4,032
- Taxes -€3,753
down €3,753 (-83.5%), from €4,496 to €743
- Other operating charges +€1,187
up €1,187 (+1,187%), from €100 to €1,287
- Financial income +€1,131
new in 2025: €1,131
- Financial charges -€395
down €395 (-71.0%), from €557 to €161
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 | €109,110 | €100,971 | -€8,139 | -7.5% |
| Current assets | 29/58 | €109,110 | €100,971 | -€8,139 | -7.5% |
| Amounts receivable within one year | 40/41 | €94,086 | €92,100 | -€1,986 | -2.1% |
| Trade receivables | 40 | €78,321 | €64,840 | -€13,481 | -17.2% |
| Other amounts receivable | 41 | €15,765 | €27,260 | +€11,495 | +72.9% |
| Cash at bank and in hand | 54/58 | €15,008 | €8,337 | -€6,672 | -44.5% |
| Deferred charges and accrued income | 490/1 | €15 | €534 | +€519 | +3,457% |
| Total equity and liabilities | 10/49 | €109,110 | €100,971 | -€8,139 | -7.5% |
| Equity | 10/15 | €20,629 | €23,601 | +€2,972 | +14.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,629 | €20,601 | +€2,972 | +16.9% |
| Amounts payable | 17/49 | €88,481 | €77,370 | -€11,111 | -12.6% |
| Amounts payable within one year | 42/48 | €88,481 | €77,370 | -€11,111 | -12.6% |
| Trade debts | 44 | €75,385 | €52,649 | -€22,736 | -30.2% |
| Suppliers | 440/4 | €75,385 | €52,649 | -€22,736 | -30.2% |
| Taxes, remuneration and social security | 45 | €13,096 | €24,721 | +€11,625 | +88.8% |
| Taxes | 450/3 | €4,496 | €5,630 | +€1,134 | +25.2% |
| Remuneration and social security | 454/9 | €8,600 | €19,091 | +€10,491 | +122% |
| Other operating charges | 640/8 | €100 | €1,287 | +€1,187 | +1,187% |
| Gross operating margin | 9900 | €24,769 | €4,032 | -€20,737 | -83.7% |
| Operating profit (loss) | 9901 | €24,669 | €2,745 | -€21,924 | -88.9% |
| Financial income | 75/76B | - | €1,131 | +€1,131 | |
| Recurring financial income | 75 | - | €1,131 | +€1,131 | |
| Financial charges | 65/66B | €557 | €161 | -€395 | -71.0% |
| Recurring financial charges | 65 | €557 | €161 | -€395 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | €24,112 | €3,715 | -€20,397 | -84.6% |
| Income taxes | 67/77 | €4,496 | €743 | -€3,753 | -83.5% |
| Profit (loss) for the period | 9904 | €19,617 | €2,972 | -€16,645 | -84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,617 | €2,972 | -€16,645 | -84.8% |
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 15 October 2026 via checked.be.