BOUVARCO: 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.
BOUVARCO
Largest movements
- Stocks and contracts -€247,477
down €247,477 (-13.8%), from €1.8m to €1.6m
- Receivables within one year -€54,899
down €54,899 (-10.4%), from €527,778 to €472,879
of which Other amounts receivable: -€34,447
- Cash -€29,182
down €29,182 (-21.1%), from €138,483 to €109,301
mainly Short-term financial debts (-€400,000) and Trade debts (-€142,349)
- Short-term financial debts -€400,000
no longer reported in 2025 (was €400,000)
- Trade debts -€142,349
down €142,349 (-10.1%), from €1.4m to €1.3m
- Profit (loss) carried forward +€128,335
up €128,335, from -€107,884 to €20,451
- Reserves +€50,000
up €50,000 (+105%), from €47,500 to €97,500
of which Distributable reserves: +€50,000
- Gross operating margin -€474,510
down €474,510 (-53.2%), from €891,159 to €416,649
- Staff costs -€30,133
down €30,133 (-99.6%), from €30,258 to €125
- Financial charges -€19,320
down €19,320 (-48.5%), from €39,856 to €20,536
- Taxes +€13,000
new in 2025: €13,000
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 | €2,485,553 | €2,148,593 | -€336,960 | -13.6% |
| Fixed assets | 21/28 | €12,982 | €10,561 | -€2,421 | -18.7% |
| Tangible fixed assets | 22/27 | €12,982 | €10,561 | -€2,421 | -18.7% |
| Plant, machinery and equipment | 23 | €12,982 | €10,561 | -€2,421 | -18.7% |
| Current assets | 29/58 | €2,472,571 | €2,138,032 | -€334,539 | -13.5% |
| Stocks and contracts in progress | 3 | €1,799,499 | €1,552,022 | -€247,477 | -13.8% |
| Stocks | 30/36 | €1,799,499 | €1,552,022 | -€247,477 | -13.8% |
| Amounts receivable within one year | 40/41 | €527,778 | €472,879 | -€54,899 | -10.4% |
| Trade receivables | 40 | €476,704 | €456,253 | -€20,451 | -4.3% |
| Other amounts receivable | 41 | €51,074 | €16,627 | -€34,447 | -67.4% |
| Cash at bank and in hand | 54/58 | €138,483 | €109,301 | -€29,182 | -21.1% |
| Deferred charges and accrued income | 490/1 | €6,812 | €3,830 | -€2,982 | -43.8% |
| Total equity and liabilities | 10/49 | €2,485,553 | €2,148,593 | -€336,960 | -13.6% |
| Equity | 10/15 | €539,616 | €717,951 | +€178,335 | +33.0% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €47,500 | €97,500 | +€50,000 | +105% |
| Tax-exempt reserves | 132 | €47,500 | €47,500 | = | 0.0% |
| Distributable reserves | 133 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | -€107,884 | €20,451 | +€128,335 | |
| Amounts payable | 17/49 | €1,945,937 | €1,430,641 | -€515,296 | -26.5% |
| Amounts payable after more than one year | 17 | €130,000 | €130,000 | = | 0.0% |
| Financial debts | 170/4 | €130,000 | €130,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,814,990 | €1,300,641 | -€514,349 | -28.3% |
| Financial debts | 43 | €400,000 | - | -€400,000 | |
| Credit institutions | 430/8 | €400,000 | - | -€400,000 | |
| Trade debts | 44 | €1,407,990 | €1,265,641 | -€142,349 | -10.1% |
| Suppliers | 440/4 | €1,407,990 | €1,265,641 | -€142,349 | -10.1% |
| Taxes, remuneration and social security | 45 | - | €13,000 | +€13,000 | |
| Taxes | 450/3 | - | €13,000 | +€13,000 | |
| Other amounts payable | 47/48 | €7,000 | €22,000 | +€15,000 | +214% |
| Accrued charges and deferred income | 492/3 | €947 | - | -€947 | |
| Remuneration, social security and pensions | 62 | €30,258 | €125 | -€30,133 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,096 | €6,323 | -€773 | -10.9% |
| Other operating charges | 640/8 | €7,197 | €8,016 | +€819 | +11.4% |
| Non-recurring operating charges | 66A | €403,414 | €191,335 | -€212,079 | -52.6% |
| Gross operating margin | 9900 | €891,159 | €416,649 | -€474,510 | -53.2% |
| Operating profit (loss) | 9901 | €443,194 | €210,850 | -€232,344 | -52.4% |
| Financial income | 75/76B | €76 | €1,020 | +€945 | +1,249% |
| Recurring financial income | 75 | €76 | €1,020 | +€945 | +1,249% |
| Financial charges | 65/66B | €39,856 | €20,536 | -€19,320 | -48.5% |
| Recurring financial charges | 65 | €39,856 | €20,536 | -€19,320 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €403,414 | €191,335 | -€212,079 | -52.6% |
| Income taxes | 67/77 | - | €13,000 | +€13,000 | |
| Profit (loss) for the period | 9904 | €403,414 | €178,335 | -€225,079 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €403,414 | €178,335 | -€225,079 | -55.8% |
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 23 October 2026 via checked.be.