BOSVAN: 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.
BOSVAN
Largest movements
- Receivables within one year +€20,504
up €20,504 (+24.7%), from €83,106 to €103,610
of which Trade receivables: +€68,610
- Tangible fixed assets -€15,771
down €15,771 (-39.4%), from €39,983 to €24,212
of which Leasing and similar rights: -€12,834
- Cash -€14,905
down €14,905 (-7.6%), from €196,821 to €181,915
mainly Contributions, distributions and other (-€82,839) and Receivables within one year (-€20,504)
- Deferred charges and accrued income -€3,780
down €3,780 (-88.7%), from €4,262 to €483
- Reserves -€8,695
down €8,695 (-3.1%), from €280,726 to €272,031
- Tax, wage and social debts -€7,367
down €7,367 (-24.6%), from €29,946 to €22,579
of which Taxes: -€13,367
- Current portion of long-term debt -€3,597
down €3,597 (-100.0%), from €3,597 to €0
- Gross operating margin +€13,865
up €13,865 (+12.3%), from €112,280 to €126,146
- Financial income -€3,914
down €3,914 (-99.9%), from €3,917 to €3
- Depreciation +€2,780
up €2,780 (+16.4%), from €16,992 to €19,772
- Taxes +€2,771
up €2,771 (+10.0%), from €27,807 to €30,578
- Other operating charges -€2,404
down €2,404 (-72.4%), from €3,323 to €919
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 | €324,197 | €310,245 | -€13,952 | -4.3% |
| Fixed assets | 21/28 | €40,008 | €24,237 | -€15,771 | -39.4% |
| Tangible fixed assets | 22/27 | €39,983 | €24,212 | -€15,771 | -39.4% |
| Furniture and vehicles | 24 | €3,841 | €3,733 | -€108 | -2.8% |
| Leasing and similar rights | 25 | €16,315 | €3,481 | -€12,834 | -78.7% |
| Other tangible fixed assets | 26 | €19,827 | €16,998 | -€2,829 | -14.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €284,189 | €286,008 | +€1,819 | +0.6% |
| Amounts receivable within one year | 40/41 | €83,106 | €103,610 | +€20,504 | +24.7% |
| Trade receivables | 40 | €0 | €68,610 | +€68,610 | |
| Other amounts receivable | 41 | €83,106 | €35,000 | -€48,106 | -57.9% |
| Cash at bank and in hand | 54/58 | €196,821 | €181,915 | -€14,905 | -7.6% |
| Deferred charges and accrued income | 490/1 | €4,262 | €483 | -€3,780 | -88.7% |
| Total equity and liabilities | 10/49 | €324,197 | €310,245 | -€13,952 | -4.3% |
| Equity | 10/15 | €286,926 | €278,231 | -€8,695 | -3.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €280,726 | €272,031 | -€8,695 | -3.1% |
| Distributable reserves | 133 | €280,726 | €272,031 | -€8,695 | -3.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,272 | €32,015 | -€5,257 | -14.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €37,272 | €32,015 | -€5,257 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €3,597 | €0 | -€3,597 | -100.0% |
| Trade debts | 44 | €2,777 | €5,503 | +€2,726 | +98.2% |
| Suppliers | 440/4 | €2,777 | €5,503 | +€2,726 | +98.2% |
| Taxes, remuneration and social security | 45 | €29,946 | €22,579 | -€7,367 | -24.6% |
| Taxes | 450/3 | €25,946 | €12,579 | -€13,367 | -51.5% |
| Remuneration and social security | 454/9 | €4,000 | €10,000 | +€6,000 | +150.0% |
| Other amounts payable | 47/48 | €951 | €3,933 | +€2,981 | +313.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,992 | €19,772 | +€2,780 | +16.4% |
| Other operating charges | 640/8 | €3,323 | €919 | -€2,404 | -72.4% |
| Gross operating margin | 9900 | €112,280 | €126,146 | +€13,865 | +12.3% |
| Operating profit (loss) | 9901 | €91,965 | €105,455 | +€13,489 | +14.7% |
| Financial income | 75/76B | €3,917 | €3 | -€3,914 | -99.9% |
| Recurring financial income | 75 | €3,917 | €3 | -€3,914 | -99.9% |
| Financial charges | 65/66B | €619 | €735 | +€117 | +18.8% |
| Recurring financial charges | 65 | €619 | €735 | +€117 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €95,264 | €104,722 | +€9,459 | +9.9% |
| Income taxes | 67/77 | €27,807 | €30,578 | +€2,771 | +10.0% |
| Profit (loss) for the period | 9904 | €67,457 | €74,144 | +€6,688 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,457 | €74,144 | +€6,688 | +9.9% |
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.