SELECT 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.
SELECT BOUW
Largest movements
- Stocks and contracts -€1.2m
down €1.2m (-29.2%), from €4.0m to €2.8m
- Cash +€95,457
up €95,457 (+2,392%), from €3,990 to €99,447
mainly Stocks and contracts (+€1.2m) and Receivables within one year (+€72,356)
- Receivables within one year -€72,356
down €72,356 (-89.9%), from €80,521 to €8,165
of which Trade receivables: -€46,620
- Other debts -€775,000
down €775,000 (-100%), from €775,000 to €0
- Short-term financial debts -€344,911
down €344,911 (-20.7%), from €1.7m to €1.3m
- Gross operating margin -€91,642
down €91,642 (-46.3%), from €197,899 to €106,258
- Financial charges -€22,264
down €22,264 (-18.4%), from €121,103 to €98,839
- Taxes -€3,758
down €3,758 (-82.7%), from €4,546 to €788
- Other operating charges -€2,282
down €2,282 (-34.9%), from €6,547 to €4,265
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 | €4,065,130 | €2,924,496 | -€1.1m | -28.1% |
| Fixed assets | 21/28 | €1,894 | €0 | -€1,894 | -100% |
| Financial fixed assets | 28 | €1,894 | €0 | -€1,894 | -100% |
| Current assets | 29/58 | €4,063,236 | €2,924,496 | -€1.1m | -28.0% |
| Stocks and contracts in progress | 3 | €3,974,318 | €2,812,784 | -€1.2m | -29.2% |
| Stocks | 30/36 | €3,974,318 | €2,812,784 | -€1.2m | -29.2% |
| Amounts receivable within one year | 40/41 | €80,521 | €8,165 | -€72,356 | -89.9% |
| Trade receivables | 40 | €46,620 | €0 | -€46,620 | -100% |
| Other amounts receivable | 41 | €33,901 | €8,165 | -€25,736 | -75.9% |
| Cash at bank and in hand | 54/58 | €3,990 | €99,447 | +€95,457 | +2,392% |
| Deferred charges and accrued income | 490/1 | €4,407 | €4,100 | -€307 | -7.0% |
| Total equity and liabilities | 10/49 | €4,065,130 | €2,924,496 | -€1.1m | -28.1% |
| Equity | 10/15 | €1,516,242 | €1,518,607 | +€2,365 | +0.2% |
| Contributions | 10/11 | €961,973 | €961,973 | = | 0.0% |
| Capital | 10 | €961,973 | €961,973 | = | 0.0% |
| Issued capital | 100 | €961,973 | €961,973 | = | 0.0% |
| Reserves | 13 | €554,269 | €556,634 | +€2,365 | +0.4% |
| Non-distributable reserves | 130/1 | €96,197 | €96,197 | = | 0.0% |
| Legal reserve | 130 | €96,197 | €96,197 | = | 0.0% |
| Distributable reserves | 133 | €458,072 | €460,437 | +€2,365 | +0.5% |
| Amounts payable | 17/49 | €2,548,887 | €1,405,888 | -€1.1m | -44.8% |
| Amounts payable within one year | 42/48 | €2,440,393 | €1,321,234 | -€1.1m | -45.9% |
| Financial debts | 43 | €1,665,267 | €1,320,356 | -€344,911 | -20.7% |
| Credit institutions | 430/8 | €1,665,267 | €1,320,356 | -€344,911 | -20.7% |
| Trade debts | 44 | €126 | €220 | +€94 | +74.6% |
| Suppliers | 440/4 | €126 | €220 | +€94 | +74.6% |
| Taxes, remuneration and social security | 45 | - | €657 | +€657 | |
| Taxes | 450/3 | - | €657 | +€657 | |
| Other amounts payable | 47/48 | €775,000 | €0 | -€775,000 | -100% |
| Accrued charges and deferred income | 492/3 | €108,494 | €84,655 | -€23,839 | -22.0% |
| Other operating charges | 640/8 | €6,547 | €4,265 | -€2,282 | -34.9% |
| Gross operating margin | 9900 | €197,899 | €106,258 | -€91,642 | -46.3% |
| Operating profit (loss) | 9901 | €191,352 | €101,993 | -€89,359 | -46.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €121,103 | €98,839 | -€22,264 | -18.4% |
| Recurring financial charges | 65 | €121,103 | €98,839 | -€22,264 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €70,249 | €3,153 | -€67,096 | -95.5% |
| Income taxes | 67/77 | €4,546 | €788 | -€3,758 | -82.7% |
| Profit (loss) for the period | 9904 | €65,703 | €2,365 | -€63,338 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €65,703 | €2,365 | -€63,338 | -96.4% |
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 16 October 2026 via checked.be.