S-BOUW: what changed
What changed
S-BOUW
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€601,844
2025 · €254,858+€346,986
Equity
€4.8m
2025 · €4.2m+€593,444
Cash
€1.1m
2025 · €1.3m-€161,820
Balance sheet total
€6.1m
2025 · €5.6m+€477,819
Largest movements
Assets
- Current investments +€250,000
up €250,000 (+8.2%), from €3.1m to €3.3m
- Receivables within one year +€197,936
up €197,936 (+27.0%), from €732,322 to €930,258
of which Other amounts receivable: +€116,243
- Cash -€161,820
down €161,820 (-12.5%), from €1.3m to €1.1m
mainly Investment in fixed assets (net) (-€251,412) and Current investments (-€250,000)
- Tangible fixed assets +€118,470
up €118,470 (+29.8%), from €397,289 to €515,759
of which Furniture and vehicles: +€128,534
- Deferred charges and accrued income +€73,035
up €73,035 (+275%), from €26,562 to €99,597
Equity and liabilities
- Profit (loss) carried forward +€593,444
up €593,444 (+23.8%), from €2.5m to €3.1m
- Other debts -€154,943
down €154,943 (-38.3%), from €404,055 to €249,111
Income statement
- Turnover +€1.2m
up €1.2m (+8.3%), from €14.1m to €15.2m
- Goods and materials +€874,568
up €874,568 (+8.4%), from €10.5m to €11.3m
of which Purchases: +€874,766
- Services and other goods -€267,227
down €267,227 (-9.0%), from €3.0m to €2.7m
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€254,858
Turnover
+€1.2m
Other operating income
+€14,073
Goods and materials
-€874,568
Services and other goods
+€267,227
Staff costs
-€54,803
Depreciation
-€5,926
Other operating charges
-€1,022
Financial income
-€52,034
Financial charges
+€60
Taxes
-€113,021
Result 2026
€601,844
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€347,992
Investment
-€501,412
Financing
-€8,400
Cash 2025
€1.3m
From operations (derived)
+€347,992
Net result for the year
+€601,844
Depreciation
+€132,942
Stocks and contracts
-€198
Receivables within one year
-€197,936
Deferred charges and accrued income
-€73,035
Trade debts
+€39,565
Tax, wage and social debts
+€3,797
Other debts
-€154,943
Accrued charges and deferred income
-€4,044
Investment (derived)
-€501,412
Investment in fixed assets (net)
-€251,412
Current investments
-€250,000
Financing
-€8,400
Contributions, distributions and other
-€8,400
Cash 2026
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,576,192 | €6,054,011 | +€477,819 | +8.6% |
| Fixed assets | 21/28 | €429,759 | €548,229 | +€118,470 | +27.6% |
| Tangible fixed assets | 22/27 | €397,289 | €515,759 | +€118,470 | +29.8% |
| Land and buildings | 22 | €205,000 | €205,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €91,246 | €81,183 | -€10,063 | -11.0% |
| Furniture and vehicles | 24 | €101,043 | €229,576 | +€128,534 | +127% |
| Financial fixed assets | 28 | €32,470 | €32,470 | = | 0.0% |
| Affiliated companies | 280/1 | €31,000 | €31,000 | = | 0.0% |
| Participating interests | 280 | €31,000 | €31,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,470 | €1,470 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,470 | €1,470 | = | 0.0% |
| Current assets | 29/58 | €5,146,433 | €5,505,782 | +€359,349 | +7.0% |
| Stocks and contracts in progress | 3 | €39,618 | €39,816 | +€198 | +0.5% |
| Contracts in progress | 37 | €39,618 | €39,816 | +€198 | +0.5% |
| Amounts receivable within one year | 40/41 | €732,322 | €930,258 | +€197,936 | +27.0% |
| Trade receivables | 40 | €444,659 | €526,351 | +€81,692 | +18.4% |
| Other amounts receivable | 41 | €287,664 | €403,907 | +€116,243 | +40.4% |
| Current investments | 50/53 | €3,050,000 | €3,300,000 | +€250,000 | +8.2% |
| Other investments | 51/53 | €3,050,000 | €3,300,000 | +€250,000 | +8.2% |
| Cash at bank and in hand | 54/58 | €1,297,931 | €1,136,110 | -€161,820 | -12.5% |
| Deferred charges and accrued income | 490/1 | €26,562 | €99,597 | +€73,035 | +275% |
| Total equity and liabilities | 10/49 | €5,576,192 | €6,054,011 | +€477,819 | +8.6% |
| Equity | 10/15 | €4,190,186 | €4,783,630 | +€593,444 | +14.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,680,529 | €1,680,529 | = | 0.0% |
| Distributable reserves | 133 | €1,680,529 | €1,680,529 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,489,656 | €3,083,101 | +€593,444 | +23.8% |
| Amounts payable | 17/49 | €1,386,007 | €1,270,381 | -€115,625 | -8.3% |
| Amounts payable after more than one year | 17 | €400,000 | €400,000 | = | 0.0% |
| Financial debts | 170/4 | €400,000 | €400,000 | = | 0.0% |
| Other loans | 174 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €936,085 | €824,503 | -€111,582 | -11.9% |
| Trade debts | 44 | €494,869 | €534,434 | +€39,565 | +8.0% |
| Suppliers | 440/4 | €494,869 | €534,434 | +€39,565 | +8.0% |
| Taxes, remuneration and social security | 45 | €37,161 | €40,958 | +€3,797 | +10.2% |
| Taxes | 450/3 | €7,757 | €7,890 | +€133 | +1.7% |
| Remuneration and social security | 454/9 | €29,404 | €33,068 | +€3,664 | +12.5% |
| Other amounts payable | 47/48 | €404,055 | €249,111 | -€154,943 | -38.3% |
| Accrued charges and deferred income | 492/3 | €49,922 | €45,878 | -€4,044 | -8.1% |
| Operating income | 70/76A | €14,127,572 | €15,308,645 | +€1.2m | +8.4% |
| Turnover | 70 | €14,082,177 | €15,249,177 | +€1.2m | +8.3% |
| Other operating income | 74 | €45,395 | €59,468 | +€14,073 | +31.0% |
| Operating charges | 60/66A | €13,829,292 | €14,498,384 | +€669,092 | +4.8% |
| Goods for resale, raw materials and consumables | 60 | €10,464,944 | €11,339,512 | +€874,568 | +8.4% |
| Purchases | 600/8 | €10,464,944 | €11,339,711 | +€874,766 | +8.4% |
| Change in stocks: decrease (increase) | 609 | €0 | -€198 | -€198 | |
| Services and other goods | 61 | €2,966,201 | €2,698,973 | -€267,227 | -9.0% |
| Remuneration, social security and pensions | 62 | €266,295 | €321,098 | +€54,803 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,016 | €132,942 | +€5,926 | +4.7% |
| Other operating charges | 640/8 | €4,836 | €5,858 | +€1,022 | +21.1% |
| Operating profit (loss) | 9901 | €298,280 | €810,261 | +€511,981 | +172% |
| Financial income | 75/76B | €221,363 | €169,329 | -€52,034 | -23.5% |
| Recurring financial income | 75 | €221,363 | €169,329 | -€52,034 | -23.5% |
| Income from current assets | 751 | €67,783 | €38,502 | -€29,281 | -43.2% |
| Other financial income | 752/9 | €153,580 | €130,827 | -€22,753 | -14.8% |
| Financial charges | 65/66B | €172,309 | €172,249 | -€60 | 0.0% |
| Recurring financial charges | 65 | €172,309 | €172,249 | -€60 | 0.0% |
| Debt charges | 650 | €49,922 | €45,878 | -€4,044 | -8.1% |
| Other financial charges | 652/9 | €122,387 | €126,370 | +€3,983 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €347,334 | €807,341 | +€460,008 | +132% |
| Income taxes | 67/77 | €92,476 | €205,497 | +€113,021 | +122% |
| Taxes | 670/3 | €92,476 | €205,497 | +€113,021 | +122% |
| Profit (loss) for the period | 9904 | €254,858 | €601,844 | +€346,986 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €254,858 | €601,844 | +€346,986 | +136% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.