BOV CONSULTING: 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.
BOV CONSULTING
Largest movements
- Current investments +€145,102
new in 2025: €145,102
- Cash -€46,065
down €46,065 (-79.4%), from €57,985 to €11,920
mainly Current investments (-€145,102) and Investment in fixed assets (net) (-€23,920)
- Financial fixed assets +€23,920
new in 2025: €23,920
- Receivables within one year +€6,099
up €6,099 (+47.7%), from €12,787 to €18,886
- Tangible fixed assets -€4,097
no longer reported in 2025 (was €4,097)
- Profit (loss) carried forward +€90,300
up €90,300 (+174%), from €51,945 to €142,246
- Tax, wage and social debts +€32,264
up €32,264 (+190%), from €16,984 to €49,249
- Current portion of long-term debt +€2,903
up €2,903 (+74.7%), from €3,884 to €6,788
- Gross operating margin +€48,829
up €48,829 (+66.4%), from €73,489 to €122,319
- Taxes +€11,014
up €11,014 (+73.4%), from €15,000 to €26,014
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 | €74,869 | €200,383 | +€125,515 | +168% |
| Fixed assets | 21/28 | €4,097 | €23,920 | +€19,823 | +484% |
| Tangible fixed assets | 22/27 | €4,097 | - | -€4,097 | |
| Furniture and vehicles | 24 | €4,097 | - | -€4,097 | |
| Financial fixed assets | 28 | - | €23,920 | +€23,920 | |
| Current assets | 29/58 | €70,772 | €176,463 | +€105,691 | +149% |
| Amounts receivable within one year | 40/41 | €12,787 | €18,886 | +€6,099 | +47.7% |
| Trade receivables | 40 | €12,787 | €18,886 | +€6,099 | +47.7% |
| Current investments | 50/53 | - | €145,102 | +€145,102 | |
| Cash at bank and in hand | 54/58 | €57,985 | €11,920 | -€46,065 | -79.4% |
| Deferred charges and accrued income | 490/1 | - | €556 | +€556 | |
| Total equity and liabilities | 10/49 | €74,869 | €200,383 | +€125,515 | +168% |
| Equity | 10/15 | €53,945 | €144,246 | +€90,300 | +167% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,945 | €142,246 | +€90,300 | +174% |
| Amounts payable | 17/49 | €20,923 | €56,137 | +€35,214 | +168% |
| Amounts payable within one year | 42/48 | €20,923 | €56,137 | +€35,214 | +168% |
| Current portion of amounts payable after more than one year | 42 | €3,884 | €6,788 | +€2,903 | +74.7% |
| Trade debts | 44 | €54 | €101 | +€46 | +85.0% |
| Suppliers | 440/4 | €54 | €101 | +€46 | +85.0% |
| Taxes, remuneration and social security | 45 | €16,984 | €49,249 | +€32,264 | +190% |
| Taxes | 450/3 | €16,984 | €49,249 | +€32,264 | +190% |
| Remuneration, social security and pensions | 62 | €2,010 | €2,010 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,097 | €4,097 | = | 0.0% |
| Other operating charges | 640/8 | €437 | - | -€437 | |
| Gross operating margin | 9900 | €73,489 | €122,319 | +€48,829 | +66.4% |
| Operating profit (loss) | 9901 | €66,945 | €116,212 | +€49,267 | +73.6% |
| Financial income | 75/76B | - | €145 | +€145 | |
| Recurring financial income | 75 | - | €145 | +€145 | |
| Financial charges | 65/66B | - | €42 | +€42 | |
| Recurring financial charges | 65 | - | €42 | +€42 | |
| Profit (loss) for the period before taxes | 9903 | €66,945 | €116,315 | +€49,370 | +73.7% |
| Income taxes | 67/77 | €15,000 | €26,014 | +€11,014 | +73.4% |
| Profit (loss) for the period | 9904 | €51,945 | €90,300 | +€38,355 | +73.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,945 | €90,300 | +€38,355 | +73.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.