BOVA: 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.
BOVA
Largest movements
- Current investments +€22,090
up €22,090 (+7.4%), from €300,000 to €322,090
- Receivables within one year +€19,482
up €19,482 (+36.2%), from €53,802 to €73,283
of which Trade receivables: +€22,272
- Provisions -€54,967
down €54,967 (-4.3%), from €1.3m to €1.2m
of which Provisions for liabilities and charges: -€52,988
- Other debts +€51,527
up €51,527 (+16.6%), from €310,064 to €361,590
- Reserves +€39,377
up €39,377 (+33.1%), from €119,020 to €158,397
of which Distributable reserves: +€45,313
- Debts after one year -€23,309
down €23,309 (-28.8%), from €80,889 to €57,580
- Financial charges +€11,923
up €11,923 (+9.4%), from €127,478 to €139,401
- Financial income +€10,550
up €10,550 (+167453.5%), from €6 to €10,556
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 | €1,862,756 | €1,889,431 | +€26,675 | +1.4% |
| Fixed assets | 21/28 | €1,419,601 | €1,413,100 | -€6,501 | -0.5% |
| Tangible fixed assets | 22/27 | €1,419,601 | €1,413,100 | -€6,501 | -0.5% |
| Land and buildings | 22 | €1,416,232 | €1,410,545 | -€5,688 | -0.4% |
| Plant, machinery and equipment | 23 | €3,368 | €2,555 | -€813 | -24.1% |
| Current assets | 29/58 | €443,156 | €476,332 | +€33,176 | +7.5% |
| Amounts receivable within one year | 40/41 | €53,802 | €73,283 | +€19,482 | +36.2% |
| Trade receivables | 40 | €2,898 | €25,170 | +€22,272 | +768.6% |
| Other amounts receivable | 41 | €50,904 | €48,113 | -€2,791 | -5.5% |
| Current investments | 50/53 | €300,000 | €322,090 | +€22,090 | +7.4% |
| Cash at bank and in hand | 54/58 | €85,366 | €76,678 | -€8,689 | -10.2% |
| Deferred charges and accrued income | 490/1 | €3,988 | €4,280 | +€293 | +7.3% |
| Total equity and liabilities | 10/49 | €1,862,756 | €1,889,431 | +€26,675 | +1.4% |
| Equity | 10/15 | €137,612 | €176,989 | +€39,377 | +28.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €119,020 | €158,397 | +€39,377 | +33.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €23,745 | €17,809 | -€5,936 | -25.0% |
| Distributable reserves | 133 | €95,275 | €140,588 | +€45,313 | +47.6% |
| Provisions and deferred taxes | 16 | €1,293,088 | €1,238,121 | -€54,967 | -4.3% |
| Provisions for liabilities and charges | 160/5 | €1,285,173 | €1,232,185 | -€52,988 | -4.1% |
| Environmental obligations | 163 | €1,285,173 | €1,232,185 | -€52,988 | -4.1% |
| Deferred taxes | 168 | €7,915 | €5,936 | -€1,979 | -25.0% |
| Amounts payable | 17/49 | €432,056 | €474,322 | +€42,265 | +9.8% |
| Amounts payable after more than one year | 17 | €80,889 | €57,580 | -€23,309 | -28.8% |
| Financial debts | 170/4 | €80,889 | €57,580 | -€23,309 | -28.8% |
| Amounts payable within one year | 42/48 | €351,167 | €416,742 | +€65,575 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €22,014 | €23,309 | +€1,295 | +5.9% |
| Trade debts | 44 | €8,838 | €24,591 | +€15,753 | +178.2% |
| Suppliers | 440/4 | €8,838 | €24,591 | +€15,753 | +178.2% |
| Taxes, remuneration and social security | 45 | €10,252 | €7,252 | -€3,000 | -29.3% |
| Taxes | 450/3 | €10,252 | €7,252 | -€3,000 | -29.3% |
| Other amounts payable | 47/48 | €310,064 | €361,590 | +€51,527 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,720 | €6,501 | -€220 | -3.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€52,385 | -€52,988 | -€604 | -1.2% |
| Other operating charges | 640/8 | €18,652 | €19,503 | +€852 | +4.6% |
| Gross operating margin | 9900 | €143,383 | €143,791 | +€408 | +0.3% |
| Operating profit (loss) | 9901 | €170,396 | €170,775 | +€380 | +0.2% |
| Financial income | 75/76B | €6 | €10,556 | +€10,550 | +167453.5% |
| Recurring financial income | 75 | €6 | €10,556 | +€10,550 | +167453.5% |
| Financial charges | 65/66B | €127,478 | €139,401 | +€11,923 | +9.4% |
| Recurring financial charges | 65 | €127,478 | €139,401 | +€11,923 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €42,924 | €41,929 | -€994 | -2.3% |
| Transfer from deferred taxes | 780 | €1,979 | €1,979 | = | 0.0% |
| Income taxes | 67/77 | €4,622 | €4,531 | -€90 | -2.0% |
| Profit (loss) for the period | 9904 | €40,281 | €39,377 | -€904 | -2.2% |
| Transfer from tax-exempt reserves | 789 | €5,936 | €5,936 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,217 | €45,313 | -€904 | -2.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.