BOEVERIE: what changed
Two fiscal 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.
BOEVERIE
Largest movements
- Stocks and contracts +€16.0m
up €16.0m (+80.7%), from €19.8m to €35.8m
- Receivables within one year +€2.6m
up €2.6m (+6282.9%), from €41,255 to €2.6m
of which Trade receivables: +€2.6m
- Cash -€575,703
down €575,703 (-36.2%), from €1.6m to €1.0m
mainly Stocks and contracts (-€16.0m) and Receivables within one year (-€2.6m)
- Advances received +€15.9m
up €15.9m (+111.5%), from €14.3m to €30.2m
- Short-term financial debts +€2.4m
up €2.4m, from €0 to €2.4m
- Trade debts -€644,141
down €644,141 (-31.8%), from €2.0m to €1.4m
- Financial charges -€162,859
down €162,859 (-26.9%), from €605,225 to €442,367
- Gross operating margin -€147,491
down €147,491 (-24.6%), from €599,651 to €452,160
- Other operating charges +€11,943
up €11,943 (+793.5%), from €1,505 to €13,448
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 | €21,619,863 | €39,584,997 | +€18.0m | +83.1% |
| Current assets | 29/58 | €21,619,863 | €39,584,997 | +€18.0m | +83.1% |
| Stocks and contracts in progress | 3 | €19,806,868 | €35,793,126 | +€16.0m | +80.7% |
| Stocks | 30/36 | €19,806,868 | €35,793,126 | +€16.0m | +80.7% |
| Amounts receivable within one year | 40/41 | €41,255 | €2,633,286 | +€2.6m | +6282.9% |
| Trade receivables | 40 | €41,255 | €2,633,286 | +€2.6m | +6282.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,591,298 | €1,015,595 | -€575,703 | -36.2% |
| Deferred charges and accrued income | 490/1 | €180,442 | €142,991 | -€37,451 | -20.8% |
| Total equity and liabilities | 10/49 | €21,619,863 | €39,584,997 | +€18.0m | +83.1% |
| Equity | 10/15 | €472,137 | €468,482 | -€3,655 | -0.8% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,863 | -€31,518 | -€3,655 | -13.1% |
| Amounts payable | 17/49 | €21,147,726 | €39,116,515 | +€18.0m | +85.0% |
| Amounts payable after more than one year | 17 | €4,688,456 | €4,865,536 | +€177,079 | +3.8% |
| Financial debts | 170/4 | €4,688,456 | €4,865,536 | +€177,079 | +3.8% |
| Amounts payable within one year | 42/48 | €16,453,898 | €34,241,185 | +€17.8m | +108.1% |
| Financial debts | 43 | €0 | €2,415,881 | +€2.4m | |
| Credit institutions | 430/8 | €0 | €2,415,881 | +€2.4m | |
| Trade debts | 44 | €2,025,713 | €1,381,572 | -€644,141 | -31.8% |
| Suppliers | 440/4 | €2,025,713 | €1,381,572 | -€644,141 | -31.8% |
| Advances received on contracts in progress | 46 | €14,298,463 | €30,238,866 | +€15.9m | +111.5% |
| Taxes, remuneration and social security | 45 | €129,722 | €204,866 | +€75,144 | +57.9% |
| Taxes | 450/3 | €129,722 | €204,866 | +€75,144 | +57.9% |
| Accrued charges and deferred income | 492/3 | €5,372 | €9,795 | +€4,423 | +82.3% |
| Other operating charges | 640/8 | €1,505 | €13,448 | +€11,943 | +793.5% |
| Gross operating margin | 9900 | €599,651 | €452,160 | -€147,491 | -24.6% |
| Operating profit (loss) | 9901 | €598,146 | €438,712 | -€159,433 | -26.7% |
| Financial income | 75/76B | €1,353 | €0 | -€1,353 | -100.0% |
| Recurring financial income | 75 | €1,353 | €0 | -€1,353 | -100.0% |
| Financial charges | 65/66B | €605,225 | €442,367 | -€162,859 | -26.9% |
| Recurring financial charges | 65 | €605,225 | €442,367 | -€162,859 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,727 | -€3,655 | +€2,072 | +36.2% |
| Profit (loss) for the period | 9904 | -€5,727 | -€3,655 | +€2,072 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,727 | -€3,655 | +€2,072 | +36.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.