BOUVAN: 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.
BOUVAN
Largest movements
- Tangible fixed assets -€176,369
down €176,369 (-16.0%), from €1.1m to €923,865
of which Furniture and vehicles: -€106,658
- Cash -€80,004
down €80,004 (-43.4%), from €184,155 to €104,151
mainly Debts after one year (-€149,426) and Current portion of long-term debt (-€37,170)
- Receivables within one year +€27,564
up €27,564 (+82.4%), from €33,461 to €61,025
of which Other amounts receivable: +€19,086
- Stocks and contracts -€22,885
down €22,885 (-13.6%), from €168,778 to €145,893
- Debts after one year -€149,426
down €149,426 (-20.7%), from €721,799 to €572,372
of which Financial debts: -€149,426
- Current portion of long-term debt -€37,170
down €37,170 (-31.8%), from €117,000 to €79,830
- Tax, wage and social debts -€32,795
down €32,795 (-58.5%), from €56,076 to €23,281
of which Taxes: -€28,277
- Trade debts +€20,517
up €20,517 (+51.1%), from €40,115 to €60,631
- Reserves -€16,776
down €16,776 (-5.5%), from €305,454 to €288,678
of which Distributable reserves: -€16,776
- Gross operating margin -€128,694
down €128,694 (-15.5%), from €829,172 to €700,478
- Staff costs -€79,259
down €79,259 (-11.6%), from €680,406 to €601,147
- Depreciation -€22,755
down €22,755 (-21.9%), from €103,870 to €81,115
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 | €1,589,078 | €1,340,461 | -€248,617 | -15.6% |
| Fixed assets | 21/28 | €1,104,084 | €925,662 | -€178,422 | -16.2% |
| Intangible fixed assets | 21 | €3,765 | €1,711 | -€2,053 | -54.5% |
| Tangible fixed assets | 22/27 | €1,100,234 | €923,865 | -€176,369 | -16.0% |
| Land and buildings | 22 | €923,223 | €876,172 | -€47,050 | -5.1% |
| Plant, machinery and equipment | 23 | €57,875 | €35,215 | -€22,661 | -39.2% |
| Furniture and vehicles | 24 | €119,136 | €12,478 | -€106,658 | -89.5% |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €484,994 | €414,799 | -€70,195 | -14.5% |
| Amounts receivable after more than one year | 29 | €81,400 | €84,946 | +€3,546 | +4.4% |
| Other amounts receivable | 291 | €81,400 | €84,946 | +€3,546 | +4.4% |
| Stocks and contracts in progress | 3 | €168,778 | €145,893 | -€22,885 | -13.6% |
| Stocks | 30/36 | €168,778 | €145,893 | -€22,885 | -13.6% |
| Amounts receivable within one year | 40/41 | €33,461 | €61,025 | +€27,564 | +82.4% |
| Trade receivables | 40 | €10,731 | €19,209 | +€8,479 | +79.0% |
| Other amounts receivable | 41 | €22,730 | €41,816 | +€19,086 | +84.0% |
| Cash at bank and in hand | 54/58 | €184,155 | €104,151 | -€80,004 | -43.4% |
| Deferred charges and accrued income | 490/1 | €17,200 | €18,785 | +€1,585 | +9.2% |
| Total equity and liabilities | 10/49 | €1,589,078 | €1,340,461 | -€248,617 | -15.6% |
| Equity | 10/15 | €455,454 | €438,678 | -€16,776 | -3.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €305,454 | €288,678 | -€16,776 | -5.5% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,850 | €20,850 | = | 0.0% |
| Distributable reserves | 133 | €269,604 | €252,828 | -€16,776 | -6.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,133,623 | €901,783 | -€231,841 | -20.5% |
| Amounts payable after more than one year | 17 | €721,799 | €572,372 | -€149,426 | -20.7% |
| Financial debts | 170/4 | €721,799 | €572,372 | -€149,426 | -20.7% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €408,203 | €327,286 | -€80,917 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €117,000 | €79,830 | -€37,170 | -31.8% |
| Financial debts | 43 | €36,167 | €32,126 | -€4,040 | -11.2% |
| Credit institutions | 430/8 | €36,167 | €32,126 | -€4,040 | -11.2% |
| Trade debts | 44 | €40,115 | €60,631 | +€20,517 | +51.1% |
| Suppliers | 440/4 | €40,115 | €60,631 | +€20,517 | +51.1% |
| Advances received on contracts in progress | 46 | €114,780 | €99,262 | -€15,518 | -13.5% |
| Taxes, remuneration and social security | 45 | €56,076 | €23,281 | -€32,795 | -58.5% |
| Taxes | 450/3 | €36,005 | €7,728 | -€28,277 | -78.5% |
| Remuneration and social security | 454/9 | €20,072 | €15,553 | -€4,519 | -22.5% |
| Other amounts payable | 47/48 | €44,066 | €32,156 | -€11,910 | -27.0% |
| Accrued charges and deferred income | 492/3 | €3,622 | €2,125 | -€1,497 | -41.3% |
| Non-recurring operating income | 76A | €1,416 | €20,134 | +€18,718 | +1,322% |
| Remuneration, social security and pensions | 62 | €680,406 | €601,147 | -€79,259 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,870 | €81,115 | -€22,755 | -21.9% |
| Other operating charges | 640/8 | €10,172 | €10,811 | +€639 | +6.3% |
| Gross operating margin | 9900 | €829,172 | €700,478 | -€128,694 | -15.5% |
| Operating profit (loss) | 9901 | €34,724 | €7,405 | -€27,319 | -78.7% |
| Financial income | 75/76B | €17,492 | €14,432 | -€3,060 | -17.5% |
| Recurring financial income | 75 | €17,492 | €14,432 | -€3,060 | -17.5% |
| Financial charges | 65/66B | €46,205 | €38,669 | -€7,537 | -16.3% |
| Recurring financial charges | 65 | €46,205 | €38,669 | -€7,537 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €6,010 | -€16,832 | -€22,843 | |
| Income taxes | 67/77 | €5,521 | -€56 | -€5,577 | |
| Profit (loss) for the period | 9904 | €489 | -€16,776 | -€17,266 | |
| Profit (loss) for the period to be appropriated | 9905 | €489 | -€16,776 | -€17,266 |
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 18 October 2026 via checked.be.