BWA: 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.
BWA
Largest movements
- Receivables within one year +€21,424
up €21,424 (+294.7%), from €7,269 to €28,693
of which Trade receivables: +€19,268
- Tangible fixed assets -€9,537
down €9,537 (-26.3%), from €36,260 to €26,723
of which Furniture and vehicles: -€8,765
- Cash +€2,738
new in 2025: €2,738
mainly Depreciation (+€11,381) and Net result for the year (+€9,321)
- Profit (loss) carried forward +€9,321
up €9,321 (+409.8%), from €2,274 to €11,595
- Tax, wage and social debts +€7,895
up €7,895, from €0 to €7,895
of which Taxes: +€7,895
- Other debts +€7,170
up €7,170 (+1318.9%), from €544 to €7,713
- Short-term financial debts -€4,809
no longer reported in 2025 (was €4,809)
- Debts after one year -€3,284
down €3,284 (-61.6%), from €5,334 to €2,050
- Purchases and services -€10,119
down €10,119 (-8.1%), from €125,043 to €114,924
- Turnover -€7,798
down €7,798 (-5.2%), from €149,350 to €141,552
- Depreciation +€4,558
up €4,558 (+66.8%), from €6,824 to €11,381
- Taxes +€2,396
new in 2025: €2,396
- Gross operating margin +€2,321
up €2,321 (+9.5%), from €24,308 to €26,629
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 | €43,620 | €58,237 | +€14,617 | +33.5% |
| Fixed assets | 21/28 | €36,260 | €26,723 | -€9,537 | -26.3% |
| Tangible fixed assets | 22/27 | €36,260 | €26,723 | -€9,537 | -26.3% |
| Plant, machinery and equipment | 23 | €8,743 | €7,971 | -€772 | -8.8% |
| Furniture and vehicles | 24 | €27,517 | €18,752 | -€8,765 | -31.9% |
| Current assets | 29/58 | €7,360 | €31,514 | +€24,154 | +328.2% |
| Amounts receivable within one year | 40/41 | €7,269 | €28,693 | +€21,424 | +294.7% |
| Trade receivables | 40 | €6,988 | €26,256 | +€19,268 | +275.7% |
| Other amounts receivable | 41 | €281 | €2,437 | +€2,156 | +767.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | - | €2,738 | +€2,738 | |
| Deferred charges and accrued income | 490/1 | €91 | €83 | -€8 | -8.7% |
| Total equity and liabilities | 10/49 | €43,620 | €58,237 | +€14,617 | +33.5% |
| Equity | 10/15 | €14,274 | €23,595 | +€9,321 | +65.3% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,274 | €11,595 | +€9,321 | +409.8% |
| Amounts payable | 17/49 | €29,346 | €34,642 | +€5,297 | +18.0% |
| Amounts payable after more than one year | 17 | €5,334 | €2,050 | -€3,284 | -61.6% |
| Financial debts | 170/4 | €5,334 | €2,050 | -€3,284 | -61.6% |
| Amounts payable within one year | 42/48 | €24,012 | €32,592 | +€8,581 | +35.7% |
| Current portion of amounts payable after more than one year | 42 | €3,014 | €3,284 | +€270 | +8.9% |
| Financial debts | 43 | €4,809 | - | -€4,809 | |
| Other loans | 439 | €4,809 | - | -€4,809 | |
| Trade debts | 44 | €15,645 | €13,700 | -€1,945 | -12.4% |
| Suppliers | 440/4 | €15,645 | €13,700 | -€1,945 | -12.4% |
| Taxes, remuneration and social security | 45 | €0 | €7,895 | +€7,895 | |
| Taxes | 450/3 | - | €7,895 | +€7,895 | |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €544 | €7,713 | +€7,170 | +1318.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €149,350 | €141,552 | -€7,798 | -5.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €125,043 | €114,924 | -€10,119 | -8.1% |
| Remuneration, social security and pensions | 62 | €3,754 | €1,498 | -€2,256 | -60.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,824 | €11,381 | +€4,558 | +66.8% |
| Other operating charges | 640/8 | - | €1,089 | +€1,089 | |
| Gross operating margin | 9900 | €24,308 | €26,629 | +€2,321 | +9.5% |
| Operating profit (loss) | 9901 | €13,730 | €12,660 | -€1,070 | -7.8% |
| Financial income | 75/76B | €17 | €811 | +€794 | +4753.2% |
| Recurring financial income | 75 | €0 | €811 | +€811 | +8109600.0% |
| Non-recurring financial income | 76B | €17 | €811 | +€794 | +4756.1% |
| Financial charges | 65/66B | €1,426 | €1,754 | +€328 | +23.0% |
| Recurring financial charges | 65 | €1,155 | €975 | -€180 | -15.6% |
| Non-recurring financial charges | 66B | €271 | €779 | +€508 | +187.6% |
| Profit (loss) for the period before taxes | 9903 | €12,320 | €11,716 | -€604 | -4.9% |
| Income taxes | 67/77 | - | €2,396 | +€2,396 | |
| Profit (loss) for the period | 9904 | €12,320 | €9,321 | -€3,000 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,320 | €9,321 | -€3,000 | -24.3% |
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 10 October 2026 via checked.be.