Bogiver: 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.
Bogiver
Largest movements
- Receivables within one year +€126,101
up €126,101 (+167%), from €75,341 to €201,443
of which Trade receivables: +€93,101
- Tangible fixed assets -€10,465
down €10,465 (-2.2%), from €472,971 to €462,506
of which Land and buildings: -€11,940
- Financial fixed assets +€9,300
new in 2025: €9,300
- Reserves +€64,048
up €64,048 (+41.0%), from €156,096 to €220,144
- Trade debts +€38,292
up €38,292 (+195%), from €19,665 to €57,957
- Debts after one year -€34,541
down €34,541 (-12.3%), from €280,583 to €246,042
- Tax, wage and social debts +€22,064
up €22,064 (+103%), from €21,356 to €43,420
- Other debts +€21,816
up €21,816 (+138%), from €15,840 to €37,656
- Gross operating margin +€88,249
up €88,249 (+320%), from €27,567 to €115,816
- Taxes +€21,191
up €21,191 (+1,153%), from €1,837 to €23,029
- Financial income +€1,929
up €1,929 (+116%), from €1,657 to €3,586
- Other operating charges +€1,924
up €1,924 (+60.4%), from €3,188 to €5,112
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 | €550,411 | €677,260 | +€126,849 | +23.0% |
| Fixed assets | 21/28 | €472,971 | €471,806 | -€1,165 | -0.2% |
| Tangible fixed assets | 22/27 | €472,971 | €462,506 | -€10,465 | -2.2% |
| Land and buildings | 22 | €472,053 | €460,113 | -€11,940 | -2.5% |
| Furniture and vehicles | 24 | €918 | €2,393 | +€1,475 | +161% |
| Financial fixed assets | 28 | - | €9,300 | +€9,300 | |
| Current assets | 29/58 | €77,440 | €205,454 | +€128,014 | +165% |
| Amounts receivable within one year | 40/41 | €75,341 | €201,443 | +€126,101 | +167% |
| Trade receivables | 40 | €24,951 | €118,052 | +€93,101 | +373% |
| Other amounts receivable | 41 | €50,390 | €83,391 | +€33,000 | +65.5% |
| Current investments | 50/53 | €1,400 | €1,400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €1,888 | +€1,888 | |
| Deferred charges and accrued income | 490/1 | €699 | €724 | +€25 | +3.6% |
| Total equity and liabilities | 10/49 | €550,411 | €677,260 | +€126,849 | +23.0% |
| Equity | 10/15 | €168,496 | €232,544 | +€64,048 | +38.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €156,096 | €220,144 | +€64,048 | +41.0% |
| Distributable reserves | 133 | €156,096 | €220,144 | +€64,048 | +41.0% |
| Amounts payable | 17/49 | €381,915 | €444,716 | +€62,801 | +16.4% |
| Amounts payable after more than one year | 17 | €280,583 | €246,042 | -€34,541 | -12.3% |
| Financial debts | 170/4 | €280,583 | €246,042 | -€34,541 | -12.3% |
| Amounts payable within one year | 42/48 | €99,332 | €198,574 | +€99,241 | +99.9% |
| Current portion of amounts payable after more than one year | 42 | €33,633 | €34,541 | +€907 | +2.7% |
| Financial debts | 43 | €8,838 | €25,000 | +€16,162 | +183% |
| Credit institutions | 430/8 | €5,227 | €25,000 | +€19,773 | +378% |
| Other loans | 439 | €3,611 | €0 | -€3,611 | -100% |
| Trade debts | 44 | €19,665 | €57,957 | +€38,292 | +195% |
| Suppliers | 440/4 | €19,665 | €57,957 | +€38,292 | +195% |
| Taxes, remuneration and social security | 45 | €21,356 | €43,420 | +€22,064 | +103% |
| Taxes | 450/3 | €21,356 | €43,420 | +€22,064 | +103% |
| Other amounts payable | 47/48 | €15,840 | €37,656 | +€21,816 | +138% |
| Accrued charges and deferred income | 492/3 | €2,000 | €100 | -€1,900 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,748 | €12,756 | +€8 | +0.1% |
| Other operating charges | 640/8 | €3,188 | €5,112 | +€1,924 | +60.4% |
| Non-recurring operating charges | 66A | €95 | €0 | -€95 | -100% |
| Gross operating margin | 9900 | €27,567 | €115,816 | +€88,249 | +320% |
| Operating profit (loss) | 9901 | €11,537 | €97,948 | +€86,411 | +749% |
| Financial income | 75/76B | €1,657 | €3,586 | +€1,929 | +116% |
| Recurring financial income | 75 | €1,657 | €3,586 | +€1,929 | +116% |
| Financial charges | 65/66B | €13,640 | €14,457 | +€817 | +6.0% |
| Recurring financial charges | 65 | €13,640 | €14,457 | +€817 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | -€447 | €87,077 | +€87,523 | |
| Income taxes | 67/77 | €1,837 | €23,029 | +€21,191 | +1,153% |
| Profit (loss) for the period | 9904 | -€2,284 | €64,048 | +€66,332 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,284 | €64,048 | +€66,332 |
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 13 October 2026 via checked.be.