BOOVAN: 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.
BOOVAN
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+33.5%), from €3.2m to €4.3m
- Receivables within one year -€267,784
down €267,784 (-38.3%), from €699,205 to €431,421
of which Other amounts receivable: -€285,934
- Other debts +€827,684
up €827,684 (+31.6%), from €2.6m to €3.4m
- Accrued charges and deferred income -€73,956
no longer reported in 2025 (was €73,956)
- Financial charges -€70,983
down €70,983 (-78.8%), from €90,072 to €19,088
- Gross operating margin -€69,783
down €69,783 (-18.6%), from €374,516 to €304,733
- Depreciation +€36,269
up €36,269 (+21.5%), from €168,818 to €205,086
- Financial income -€22,712
down €22,712 (-63.7%), from €35,662 to €12,950
of which Financial income: -€17,555
- Taxes -€20,147
down €20,147 (-55.3%), from €36,456 to €16,309
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 | €6,408,690 | €7,204,301 | +€795,611 | +12.4% |
| Fixed assets | 21/28 | €5,466,981 | €6,537,206 | +€1.1m | +19.6% |
| Tangible fixed assets | 22/27 | €3,188,156 | €4,257,381 | +€1.1m | +33.5% |
| Land and buildings | 22 | €3,188,156 | €4,257,381 | +€1.1m | +33.5% |
| Financial fixed assets | 28 | €2,278,825 | €2,279,825 | +€1,000 | 0.0% |
| Current assets | 29/58 | €941,710 | €667,095 | -€274,615 | -29.2% |
| Amounts receivable within one year | 40/41 | €699,205 | €431,421 | -€267,784 | -38.3% |
| Trade receivables | 40 | €36,300 | €54,450 | +€18,150 | +50.0% |
| Other amounts receivable | 41 | €662,905 | €376,971 | -€285,934 | -43.1% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €26,882 | €71,606 | +€44,725 | +166% |
| Deferred charges and accrued income | 490/1 | €165,623 | €164,068 | -€1,555 | -0.9% |
| Total equity and liabilities | 10/49 | €6,408,690 | €7,204,301 | +€795,611 | +12.4% |
| Equity | 10/15 | €3,331,071 | €3,379,802 | +€48,730 | +1.5% |
| Contributions | 10/11 | €1,994,288 | €1,994,288 | = | 0.0% |
| Contributions outside capital | 11 | €1,994,288 | - | -€2.0m | |
| Other | 1109/19 | €1,994,288 | - | -€2.0m | |
| Reserves | 13 | €1,336,783 | €1,385,513 | +€48,730 | +3.6% |
| Tax-exempt reserves | 132 | €32,772 | €32,772 | = | 0.0% |
| Distributable reserves | 133 | €1,304,011 | €1,352,741 | +€48,730 | +3.7% |
| Amounts payable | 17/49 | €3,077,619 | €3,824,499 | +€746,880 | +24.3% |
| Amounts payable after more than one year | 17 | €356,000 | €318,500 | -€37,500 | -10.5% |
| Financial debts | 170/4 | €350,000 | €312,500 | -€37,500 | -10.7% |
| Other amounts payable | 178/9 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,647,662 | €3,505,999 | +€858,337 | +32.4% |
| Trade debts | 44 | €10,098 | €33,908 | +€23,809 | +236% |
| Suppliers | 440/4 | €10,098 | €33,908 | +€23,809 | +236% |
| Taxes, remuneration and social security | 45 | €17,315 | €24,157 | +€6,843 | +39.5% |
| Taxes | 450/3 | €11,965 | €24,157 | +€12,193 | +102% |
| Remuneration and social security | 454/9 | €5,350 | - | -€5,350 | |
| Other amounts payable | 47/48 | €2,620,250 | €3,447,934 | +€827,684 | +31.6% |
| Accrued charges and deferred income | 492/3 | €73,956 | - | -€73,956 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,818 | €205,086 | +€36,269 | +21.5% |
| Other operating charges | 640/8 | €3,950 | €16,343 | +€12,393 | +314% |
| Non-recurring operating charges | 66A | €2,310 | €12,126 | +€9,816 | +425% |
| Gross operating margin | 9900 | €374,516 | €304,733 | -€69,783 | -18.6% |
| Operating profit (loss) | 9901 | €199,438 | €71,177 | -€128,261 | -64.3% |
| Financial income | 75/76B | €35,662 | €12,950 | -€22,712 | -63.7% |
| Recurring financial income | 75 | €30,506 | €12,950 | -€17,555 | -57.5% |
| Non-recurring financial income | 76B | €5,156 | - | -€5,156 | |
| Financial charges | 65/66B | €90,072 | €19,088 | -€70,983 | -78.8% |
| Recurring financial charges | 65 | €90,072 | €19,088 | -€70,983 | -78.8% |
| Profit (loss) for the period before taxes | 9903 | €145,028 | €65,039 | -€79,989 | -55.2% |
| Income taxes | 67/77 | €36,456 | €16,309 | -€20,147 | -55.3% |
| Profit (loss) for the period | 9904 | €108,572 | €48,730 | -€59,842 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €108,572 | €48,730 | -€59,842 | -55.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.