BO-VERS: 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-VERS
Largest movements
- Tangible fixed assets +€184,934
up €184,934 (+5,488%), from €3,370 to €188,304
of which Plant, machinery and equipment: +€149,613
- Cash +€115,773
up €115,773 (+391%), from €29,587 to €145,360
mainly Debts after one year (+€144,771) and Trade debts (+€122,536)
- Intangible fixed assets +€47,904
new in 2025: €47,904
- Stocks and contracts +€18,927
new in 2025: €18,927
- Debts after one year +€144,771
new in 2025: €144,771
- Trade debts +€122,536
up €122,536 (+10,363%), from €1,182 to €123,718
- Advances received +€38,987
new in 2025: €38,987
- Current portion of long-term debt +€25,210
new in 2025: €25,210
- Other debts +€23,555
up €23,555 (+12,690%), from €186 to €23,741
- Gross operating margin +€88,282
up €88,282 (+655%), from €13,471 to €101,753
- Staff costs +€49,908
new in 2025: €49,908
- Depreciation +€16,293
up €16,293 (+2,482%), from €656 to €16,949
- Taxes +€4,193
up €4,193 (+218%), from €1,922 to €6,115
- Financial charges +€3,824
up €3,824 (+5,459%), from €70 to €3,894
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 | €48,531 | €413,036 | +€364,505 | +751% |
| Fixed assets | 21/28 | €3,370 | €236,208 | +€232,838 | +6,910% |
| Intangible fixed assets | 21 | - | €47,904 | +€47,904 | |
| Tangible fixed assets | 22/27 | €3,370 | €188,304 | +€184,934 | +5,488% |
| Plant, machinery and equipment | 23 | - | €149,613 | +€149,613 | |
| Furniture and vehicles | 24 | €1,659 | €1,053 | -€606 | -36.5% |
| Leasing and similar rights | 25 | - | €37,638 | +€37,638 | |
| Other tangible fixed assets | 26 | €1,711 | - | -€1,711 | |
| Current assets | 29/58 | €45,161 | €176,828 | +€131,667 | +292% |
| Stocks and contracts in progress | 3 | - | €18,927 | +€18,927 | |
| Stocks | 30/36 | - | €18,927 | +€18,927 | |
| Amounts receivable within one year | 40/41 | €15,574 | €11,728 | -€3,846 | -24.7% |
| Trade receivables | 40 | €15,574 | €11,024 | -€4,550 | -29.2% |
| Other amounts receivable | 41 | - | €704 | +€704 | |
| Cash at bank and in hand | 54/58 | €29,587 | €145,360 | +€115,773 | +391% |
| Deferred charges and accrued income | 490/1 | - | €813 | +€813 | |
| Total equity and liabilities | 10/49 | €48,531 | €413,036 | +€364,505 | +751% |
| Equity | 10/15 | €38,870 | €38,870 | -€0 | 0.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €8,870 | €8,870 | -€0 | 0.0% |
| Distributable reserves | 133 | €8,870 | €8,870 | -€0 | 0.0% |
| Amounts payable | 17/49 | €9,660 | €374,166 | +€364,506 | +3,773% |
| Amounts payable after more than one year | 17 | - | €144,771 | +€144,771 | |
| Financial debts | 170/4 | - | €144,771 | +€144,771 | |
| Amounts payable within one year | 42/48 | €9,660 | €229,395 | +€219,735 | +2,275% |
| Current portion of amounts payable after more than one year | 42 | - | €25,210 | +€25,210 | |
| Trade debts | 44 | €1,182 | €123,718 | +€122,536 | +10,363% |
| Suppliers | 440/4 | €1,182 | €123,718 | +€122,536 | +10,363% |
| Advances received on contracts in progress | 46 | - | €38,987 | +€38,987 | |
| Taxes, remuneration and social security | 45 | €8,292 | €17,739 | +€9,447 | +114% |
| Taxes | 450/3 | €8,292 | €7,606 | -€686 | -8.3% |
| Remuneration and social security | 454/9 | - | €10,133 | +€10,133 | |
| Other amounts payable | 47/48 | €186 | €23,741 | +€23,555 | +12,690% |
| Remuneration, social security and pensions | 62 | - | €49,908 | +€49,908 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €656 | €16,949 | +€16,293 | +2,482% |
| Other operating charges | 640/8 | - | €1,921 | +€1,921 | |
| Non-recurring operating charges | 66A | €6,092 | - | -€6,092 | |
| Gross operating margin | 9900 | €13,471 | €101,753 | +€88,282 | +655% |
| Operating profit (loss) | 9901 | €6,723 | €32,975 | +€26,252 | +390% |
| Financial income | 75/76B | €0 | €8 | +€8 | +1,900% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +1,900% |
| Financial charges | 65/66B | €70 | €3,894 | +€3,824 | +5,459% |
| Recurring financial charges | 65 | €70 | €3,894 | +€3,824 | +5,459% |
| Profit (loss) for the period before taxes | 9903 | €6,653 | €29,089 | +€22,436 | +337% |
| Income taxes | 67/77 | €1,922 | €6,115 | +€4,193 | +218% |
| Profit (loss) for the period | 9904 | €4,731 | €22,974 | +€18,243 | +386% |
| Profit (loss) for the period to be appropriated | 9905 | €4,731 | €22,974 | +€18,243 | +386% |
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 25 October 2026 via checked.be.