BJOVAN: 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.
BJOVAN
Largest movements
- Cash +€36,444
up €36,444 (+22.1%), from €164,671 to €201,115
mainly Depreciation (+€28,091) and Net result for the year (+€25,005)
- Tangible fixed assets -€17,209
down €17,209 (-15.4%), from €111,448 to €94,239
of which Land and buildings: -€9,758
- Reserves +€25,005
up €25,005 (+8.7%), from €288,799 to €313,805
- Debts after one year -€5,958
down €5,958 (-16.1%), from €36,919 to €30,961
- Gross operating margin -€15,170
down €15,170 (-18.5%), from €82,124 to €66,955
- Taxes -€4,137
down €4,137 (-22.7%), from €18,217 to €14,080
- Financial income +€2,103
new in 2025: €2,103
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 | €447,506 | €464,360 | +€16,854 | +3.8% |
| Fixed assets | 21/28 | €111,448 | €94,239 | -€17,209 | -15.4% |
| Tangible fixed assets | 22/27 | €111,448 | €94,239 | -€17,209 | -15.4% |
| Land and buildings | 22 | €70,455 | €60,697 | -€9,758 | -13.9% |
| Furniture and vehicles | 24 | €40,993 | €33,542 | -€7,451 | -18.2% |
| Current assets | 29/58 | €336,058 | €370,121 | +€34,063 | +10.1% |
| Amounts receivable within one year | 40/41 | €69,880 | €66,918 | -€2,962 | -4.2% |
| Trade receivables | 40 | €57,843 | €52,849 | -€4,994 | -8.6% |
| Other amounts receivable | 41 | €12,037 | €14,068 | +€2,031 | +16.9% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €164,671 | €201,115 | +€36,444 | +22.1% |
| Deferred charges and accrued income | 490/1 | €1,507 | €2,088 | +€581 | +38.6% |
| Total equity and liabilities | 10/49 | €447,506 | €464,360 | +€16,854 | +3.8% |
| Equity | 10/15 | €374,601 | €399,606 | +€25,005 | +6.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €288,799 | €313,805 | +€25,005 | +8.7% |
| Distributable reserves | 133 | €288,799 | €313,805 | +€25,005 | +8.7% |
| Profit (loss) carried forward | 14 | €73,401 | €73,401 | = | 0.0% |
| Amounts payable | 17/49 | €72,905 | €64,754 | -€8,151 | -11.2% |
| Amounts payable after more than one year | 17 | €36,919 | €30,961 | -€5,958 | -16.1% |
| Financial debts | 170/4 | €36,919 | €30,961 | -€5,958 | -16.1% |
| Amounts payable within one year | 42/48 | €35,986 | €33,793 | -€2,193 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €5,882 | €5,958 | +€76 | +1.3% |
| Trade debts | 44 | €15,967 | €11,787 | -€4,180 | -26.2% |
| Suppliers | 440/4 | €15,967 | €11,787 | -€4,180 | -26.2% |
| Taxes, remuneration and social security | 45 | €13,418 | €15,340 | +€1,922 | +14.3% |
| Taxes | 450/3 | €12,418 | €12,340 | -€78 | -0.6% |
| Remuneration and social security | 454/9 | €1,000 | €3,000 | +€2,000 | +200% |
| Other amounts payable | 47/48 | €720 | €708 | -€12 | -1.7% |
| Remuneration, social security and pensions | 62 | €754 | - | -€754 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,998 | €28,091 | +€93 | +0.3% |
| Other operating charges | 640/8 | €1,110 | €980 | -€130 | -11.7% |
| Non-recurring operating charges | 66A | - | €181 | +€181 | |
| Gross operating margin | 9900 | €82,124 | €66,955 | -€15,170 | -18.5% |
| Operating profit (loss) | 9901 | €52,262 | €37,703 | -€14,559 | -27.9% |
| Financial income | 75/76B | - | €2,103 | +€2,103 | |
| Recurring financial income | 75 | - | €2,103 | +€2,103 | |
| Financial charges | 65/66B | €796 | €720 | -€75 | -9.5% |
| Recurring financial charges | 65 | €796 | €720 | -€75 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €51,466 | €39,086 | -€12,380 | -24.1% |
| Income taxes | 67/77 | €18,217 | €14,080 | -€4,137 | -22.7% |
| Profit (loss) for the period | 9904 | €33,249 | €25,005 | -€8,244 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,249 | €25,005 | -€8,244 | -24.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.