BOSVELD: 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.
BOSVELD
Largest movements
- Financial fixed assets -€156,000
down €156,000 (-100.0%), from €156,000 to €0
- Current investments +€143,949
up €143,949 (+761.3%), from €18,909 to €162,858
- Tangible fixed assets -€19,717
down €19,717 (-6.4%), from €309,730 to €290,013
of which Land and buildings: -€19,598
- Reserves -€50,803
down €50,803 (-13.7%), from €372,045 to €321,242
of which Distributable reserves: -€50,803
- Other debts +€20,000
up €20,000 (+66.7%), from €30,000 to €50,000
- Debts after one year -€5,661
down €5,661 (-13.6%), from €41,514 to €35,853
- Gross operating margin +€39,761
up €39,761 (+49.1%), from €80,910 to €120,671
- Provisions +€29,645
up €29,645, from -€29,645 to €0
- Financial income +€26,149
up €26,149 (+843.9%), from €3,099 to €29,247
- Taxes +€7,600
up €7,600 (+29.4%), from €25,814 to €33,414
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 | €524,459 | €492,805 | -€31,654 | -6.0% |
| Fixed assets | 21/28 | €465,730 | €290,013 | -€175,717 | -37.7% |
| Tangible fixed assets | 22/27 | €309,730 | €290,013 | -€19,717 | -6.4% |
| Land and buildings | 22 | €308,621 | €289,023 | -€19,598 | -6.4% |
| Plant, machinery and equipment | 23 | €1,109 | €990 | -€119 | -10.7% |
| Financial fixed assets | 28 | €156,000 | €0 | -€156,000 | -100.0% |
| Current assets | 29/58 | €58,729 | €202,792 | +€144,063 | +245.3% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €18,909 | €162,858 | +€143,949 | +761.3% |
| Cash at bank and in hand | 54/58 | €39,819 | €39,933 | +€114 | +0.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €524,459 | €492,805 | -€31,654 | -6.0% |
| Equity | 10/15 | €433,545 | €382,742 | -€50,803 | -11.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €372,045 | €321,242 | -€50,803 | -13.7% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €365,895 | €315,092 | -€50,803 | -13.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €11,293 | €11,293 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €11,293 | €11,293 | = | 0.0% |
| Other liabilities and charges | 164/5 | €11,293 | €11,293 | = | 0.0% |
| Amounts payable | 17/49 | €79,621 | €98,770 | +€19,150 | +24.1% |
| Amounts payable after more than one year | 17 | €41,514 | €35,853 | -€5,661 | -13.6% |
| Financial debts | 170/4 | €41,514 | €35,853 | -€5,661 | -13.6% |
| Amounts payable within one year | 42/48 | €37,337 | €62,136 | +€24,799 | +66.4% |
| Current portion of amounts payable after more than one year | 42 | €5,452 | €5,661 | +€210 | +3.8% |
| Taxes, remuneration and social security | 45 | €1,885 | €6,474 | +€4,589 | +243.5% |
| Taxes | 450/3 | €1,885 | €6,474 | +€4,589 | +243.5% |
| Other amounts payable | 47/48 | €30,000 | €50,000 | +€20,000 | +66.7% |
| Accrued charges and deferred income | 492/3 | €770 | €782 | +€12 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,333 | €20,606 | +€273 | +1.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€29,645 | €0 | +€29,645 | |
| Other operating charges | 640/8 | €9,416 | €9,710 | +€294 | +3.1% |
| Gross operating margin | 9900 | €80,910 | €120,671 | +€39,761 | +49.1% |
| Operating profit (loss) | 9901 | €80,805 | €90,355 | +€9,550 | +11.8% |
| Financial income | 75/76B | €3,099 | €29,247 | +€26,149 | +843.9% |
| Recurring financial income | 75 | €3,099 | €29,247 | +€26,149 | +843.9% |
| Financial charges | 65/66B | €2,310 | €2,991 | +€681 | +29.5% |
| Recurring financial charges | 65 | €2,310 | €2,991 | +€681 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €81,593 | €116,611 | +€35,018 | +42.9% |
| Income taxes | 67/77 | €25,814 | €33,414 | +€7,600 | +29.4% |
| Profit (loss) for the period | 9904 | €55,779 | €83,197 | +€27,418 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,779 | €83,197 | +€27,418 | +49.2% |
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 7 October 2026 via checked.be.