BOCICOVAR: 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.
BOCICOVAR
Largest movements
- Receivables within one year +€75,907
up €75,907 (+68.6%), from €110,597 to €186,504
of which Trade receivables: +€57,941
- Tangible fixed assets -€47,629
down €47,629 (-5.4%), from €875,378 to €827,749
of which Leasing and similar rights: -€37,800
- Intangible fixed assets -€14,981
no longer reported in 2024 (was €14,981)
- Debts after one year +€272,496
up €272,496 (+52.4%), from €520,404 to €792,900
- Trade debts -€205,905
down €205,905 (-63.2%), from €325,967 to €120,062
- Current portion of long-term debt -€77,848
no longer reported in 2024 (was €77,848)
- Reserves +€34,466
up €34,466 (+47.4%), from €72,723 to €107,189
- Gross operating margin -€90,694
down €90,694 (-31.1%), from €291,453 to €200,759
- Staff costs -€43,009
down €43,009 (-73.2%), from €58,765 to €15,756
- Depreciation +€20,720
up €20,720 (+22.1%), from €93,863 to €114,583
- Financial charges +€8,971
up €8,971 (+49.4%), from €18,151 to €27,122
- Other operating charges -€6,501
down €6,501 (-51.9%), from €12,519 to €6,018
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,015,773 | €1,029,789 | +€14,016 | +1.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €890,359 | €827,749 | -€62,610 | -7.0% |
| Intangible fixed assets | 21 | €14,981 | - | -€14,981 | |
| Tangible fixed assets | 22/27 | €875,378 | €827,749 | -€47,629 | -5.4% |
| Land and buildings | 22 | €599,376 | €570,482 | -€28,894 | -4.8% |
| Plant, machinery and equipment | 23 | €1,543 | €1,543 | +€0 | 0.0% |
| Furniture and vehicles | 24 | €146,975 | €166,039 | +€19,064 | +13.0% |
| Leasing and similar rights | 25 | €127,484 | €89,684 | -€37,800 | -29.7% |
| Current assets | 29/58 | €125,414 | €202,040 | +€76,626 | +61.1% |
| Amounts receivable within one year | 40/41 | €110,597 | €186,504 | +€75,907 | +68.6% |
| Trade receivables | 40 | €108,986 | €166,927 | +€57,941 | +53.2% |
| Other amounts receivable | 41 | €1,611 | €19,576 | +€17,965 | +1,115% |
| Cash at bank and in hand | 54/58 | €14,817 | €15,537 | +€720 | +4.9% |
| Total equity and liabilities | 10/49 | €1,015,773 | €1,029,789 | +€14,016 | +1.4% |
| Equity | 10/15 | €75,723 | €110,189 | +€34,466 | +45.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €72,723 | €107,189 | +€34,466 | +47.4% |
| Distributable reserves | 133 | €72,723 | €107,189 | +€34,466 | +47.4% |
| Amounts payable | 17/49 | €940,050 | €919,600 | -€20,450 | -2.2% |
| Amounts payable after more than one year | 17 | €520,404 | €792,900 | +€272,496 | +52.4% |
| Financial debts | 170/4 | €520,404 | €792,900 | +€272,496 | +52.4% |
| Amounts payable within one year | 42/48 | €419,646 | €126,700 | -€292,946 | -69.8% |
| Current portion of amounts payable after more than one year | 42 | €77,848 | - | -€77,848 | |
| Trade debts | 44 | €325,967 | €120,062 | -€205,905 | -63.2% |
| Suppliers | 440/4 | €325,967 | €120,062 | -€205,905 | -63.2% |
| Taxes, remuneration and social security | 45 | €6,082 | €6,638 | +€556 | +9.1% |
| Taxes | 450/3 | €4,065 | €6,638 | +€2,573 | +63.3% |
| Remuneration and social security | 454/9 | €2,017 | - | -€2,017 | |
| Other amounts payable | 47/48 | €9,749 | - | -€9,749 | |
| Remuneration, social security and pensions | 62 | €58,765 | €15,756 | -€43,009 | -73.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,863 | €114,583 | +€20,720 | +22.1% |
| Other operating charges | 640/8 | €12,519 | €6,018 | -€6,501 | -51.9% |
| Gross operating margin | 9900 | €291,453 | €200,759 | -€90,694 | -31.1% |
| Operating profit (loss) | 9901 | €126,306 | €64,402 | -€61,904 | -49.0% |
| Financial income | 75/76B | €1,054 | €895 | -€159 | -15.0% |
| Recurring financial income | 75 | €1,054 | €895 | -€159 | -15.0% |
| Financial charges | 65/66B | €18,151 | €27,122 | +€8,971 | +49.4% |
| Recurring financial charges | 65 | €18,151 | €27,122 | +€8,971 | +49.4% |
| Profit (loss) for the period before taxes | 9903 | €109,209 | €38,175 | -€71,034 | -65.0% |
| Income taxes | 67/77 | €9,327 | €3,709 | -€5,618 | -60.2% |
| Profit (loss) for the period | 9904 | €99,882 | €34,466 | -€65,416 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €99,882 | €34,466 | -€65,416 | -65.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.