BOVA: 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.
BOVA
Largest movements
- Tangible fixed assets -€5,300
down €5,300 (-25.2%), from €20,994 to €15,694
- Receivables within one year +€4,741
up €4,741 (+5.5%), from €85,551 to €90,292
of which Trade receivables: +€11,046
- Trade debts +€8,798
up €8,798 (+93.8%), from €9,381 to €18,179
- Short-term financial debts -€5,210
no longer reported in 2024 (was €5,210)
- Profit (loss) carried forward -€4,039
down €4,039 (-8.2%), from €49,268 to €45,229
- Turnover -€12,053
down €12,053 (-15.6%), from €77,265 to €65,212
- Purchases and services -€6,091
down €6,091 (-9.2%), from €66,452 to €60,361
- Gross operating margin -€5,962
down €5,962 (-55.1%), from €10,813 to €4,851
- Financial charges +€3,270
up €3,270 (+456.9%), from €716 to €3,986
- Taxes -€1,538
no longer reported in 2024 (was €1,538)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,941 | €106,490 | -€451 | -0.4% |
| Fixed assets | 21/28 | €21,390 | €16,091 | -€5,299 | -24.8% |
| Tangible fixed assets | 22/27 | €20,994 | €15,694 | -€5,300 | -25.2% |
| Furniture and vehicles | 24 | €20,994 | €15,694 | -€5,300 | -25.2% |
| Financial fixed assets | 28 | €397 | €397 | +€0 | +0.1% |
| Current assets | 29/58 | €85,551 | €90,399 | +€4,848 | +5.7% |
| Amounts receivable within one year | 40/41 | €85,551 | €90,292 | +€4,741 | +5.5% |
| Trade receivables | 40 | €60,931 | €71,977 | +€11,046 | +18.1% |
| Other amounts receivable | 41 | €24,620 | €18,315 | -€6,305 | -25.6% |
| Cash at bank and in hand | 54/58 | - | €107 | +€107 | |
| Total equity and liabilities | 10/49 | €106,941 | €106,490 | -€451 | -0.4% |
| Equity | 10/15 | €89,351 | €85,311 | -€4,040 | -4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,482 | €21,482 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,622 | €19,622 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €49,268 | €45,229 | -€4,039 | -8.2% |
| Amounts payable | 17/49 | €17,591 | €21,179 | +€3,588 | +20.4% |
| Amounts payable within one year | 42/48 | €17,591 | €21,179 | +€3,588 | +20.4% |
| Financial debts | 43 | €5,210 | - | -€5,210 | |
| Credit institutions | 430/8 | €5,210 | - | -€5,210 | |
| Trade debts | 44 | €9,381 | €18,179 | +€8,798 | +93.8% |
| Suppliers | 440/4 | €9,381 | €18,179 | +€8,798 | +93.8% |
| Other amounts payable | 47/48 | €3,000 | €3,000 | = | 0.0% |
| Turnover | 70 | €77,265 | €65,212 | -€12,053 | -15.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €66,452 | €60,361 | -€6,091 | -9.2% |
| Remuneration, social security and pensions | 62 | €414 | €523 | +€109 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,975 | €5,300 | +€1,325 | +33.3% |
| Other operating charges | 640/8 | €330 | €367 | +€37 | +11.3% |
| Gross operating margin | 9900 | €10,813 | €4,851 | -€5,962 | -55.1% |
| Operating profit (loss) | 9901 | €6,094 | -€1,339 | -€7,433 | |
| Financial income | 75/76B | €1,437 | €1,286 | -€151 | -10.5% |
| Recurring financial income | 75 | €1,437 | €1,286 | -€151 | -10.5% |
| Financial charges | 65/66B | €716 | €3,986 | +€3,270 | +456.9% |
| Recurring financial charges | 65 | €716 | €3,986 | +€3,270 | +456.9% |
| Profit (loss) for the period before taxes | 9903 | €6,815 | -€4,039 | -€10,854 | |
| Income taxes | 67/77 | €1,538 | - | -€1,538 | |
| Profit (loss) for the period | 9904 | €5,277 | -€4,039 | -€9,316 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,277 | -€4,039 | -€9,316 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.