BO IVERSEN: 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.
BO IVERSEN
Largest movements
- Tangible fixed assets -€2,810
down €2,810 (-40.7%), from €6,906 to €4,096
of which Plant, machinery and equipment: -€2,810
- Cash +€906
new in 2025: €906
mainly Other debts (+€8,169) and Investment in fixed assets (net) (+€1,678)
- Receivables within one year -€383
down €383 (-11.3%), from €3,377 to €2,994
of which Other amounts receivable: -€971
- Other debts +€8,169
up €8,169 (+89.8%), from €9,095 to €17,264
- Short-term financial debts -€5,103
down €5,103 (-100%), from €5,103 to €0
- Profit (loss) carried forward -€5,043
down €5,043 (-19.6%), from -€25,788 to -€30,831
- Trade debts -€310
down €310 (-100%), from €310 to €0
- Gross operating margin +€8,100
up €8,100, from -€5,591 to €2,508
- Taxes +€5,128
new in 2025: €5,128
- Depreciation -€1,339
down €1,339 (-54.2%), from €2,471 to €1,132
- Financial charges -€365
down €365 (-42.3%), from €863 to €498
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 | €10,283 | €7,996 | -€2,288 | -22.2% |
| Fixed assets | 21/28 | €6,906 | €4,096 | -€2,810 | -40.7% |
| Tangible fixed assets | 22/27 | €6,906 | €4,096 | -€2,810 | -40.7% |
| Plant, machinery and equipment | 23 | €6,906 | €4,096 | -€2,810 | -40.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €3,377 | €3,899 | +€522 | +15.5% |
| Amounts receivable within one year | 40/41 | €3,377 | €2,994 | -€383 | -11.3% |
| Trade receivables | 40 | - | €588 | +€588 | |
| Other amounts receivable | 41 | €3,377 | €2,406 | -€971 | -28.8% |
| Cash at bank and in hand | 54/58 | - | €906 | +€906 | |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €10,283 | €7,996 | -€2,288 | -22.2% |
| Equity | 10/15 | -€4,225 | -€9,269 | -€5,043 | -119% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,963 | €2,963 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,103 | €1,103 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,788 | -€30,831 | -€5,043 | -19.6% |
| Amounts payable | 17/49 | €14,509 | €17,264 | +€2,756 | +19.0% |
| Amounts payable within one year | 42/48 | €14,509 | €17,264 | +€2,756 | +19.0% |
| Financial debts | 43 | €5,103 | €0 | -€5,103 | -100% |
| Credit institutions | 430/8 | €5,103 | €0 | -€5,103 | -100% |
| Trade debts | 44 | €310 | €0 | -€310 | -100% |
| Suppliers | 440/4 | €310 | €0 | -€310 | -100% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €9,095 | €17,264 | +€8,169 | +89.8% |
| Non-recurring operating income | 76A | - | €100 | +€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,471 | €1,132 | -€1,339 | -54.2% |
| Other operating charges | 640/8 | €141 | €115 | -€25 | -17.9% |
| Non-recurring operating charges | 66A | - | €678 | +€678 | |
| Gross operating margin | 9900 | -€5,591 | €2,508 | +€8,100 | |
| Operating profit (loss) | 9901 | -€8,203 | €583 | +€8,786 | |
| Financial income | 75/76B | €6 | €0 | -€6 | -100% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100% |
| Financial charges | 65/66B | €863 | €498 | -€365 | -42.3% |
| Recurring financial charges | 65 | €863 | €498 | -€365 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,060 | €85 | +€9,145 | |
| Income taxes | 67/77 | - | €5,128 | +€5,128 | |
| Profit (loss) for the period | 9904 | -€9,060 | -€5,043 | +€4,017 | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,060 | -€5,043 | +€4,017 | +44.3% |
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 27 October 2026 via checked.be.