Bovach: 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.
Bovach
Largest movements
- Receivables within one year +€55,342
up €55,342 (+88.4%), from €62,633 to €117,975
of which Trade receivables: +€55,660
- Other debts +€33,381
up €33,381 (+36.4%), from €91,697 to €125,078
- Tax, wage and social debts +€18,934
up €18,934 (+84.5%), from €22,411 to €41,345
- Gross operating margin +€48,693
up €48,693 (+36.9%), from €132,049 to €180,742
- Taxes +€12,173
up €12,173 (+36.9%), from €32,972 to €45,145
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 | €162,512 | €216,030 | +€53,518 | +32.9% |
| Current assets | 29/58 | €162,512 | €216,030 | +€53,518 | +32.9% |
| Amounts receivable within one year | 40/41 | €62,633 | €117,975 | +€55,342 | +88.4% |
| Trade receivables | 40 | €62,315 | €117,975 | +€55,660 | +89.3% |
| Other amounts receivable | 41 | €318 | - | -€318 | |
| Cash at bank and in hand | 54/58 | €99,878 | €98,055 | -€1,823 | -1.8% |
| Total equity and liabilities | 10/49 | €162,512 | €216,030 | +€53,518 | +32.9% |
| Equity | 10/15 | €48,404 | €48,718 | +€315 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,804 | €30,118 | +€315 | +1.1% |
| 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 | €27,944 | €28,258 | +€315 | +1.1% |
| Amounts payable | 17/49 | €114,108 | €167,312 | +€53,203 | +46.6% |
| Amounts payable within one year | 42/48 | €114,108 | €167,312 | +€53,203 | +46.6% |
| Trade debts | 44 | - | €889 | +€889 | |
| Suppliers | 440/4 | - | €889 | +€889 | |
| Taxes, remuneration and social security | 45 | €22,411 | €41,345 | +€18,934 | +84.5% |
| Taxes | 450/3 | €22,411 | €41,345 | +€18,934 | +84.5% |
| Other amounts payable | 47/48 | €91,697 | €125,078 | +€33,381 | +36.4% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €132,049 | €180,742 | +€48,693 | +36.9% |
| Operating profit (loss) | 9901 | €131,931 | €180,622 | +€48,691 | +36.9% |
| Financial charges | 65/66B | €44 | €162 | +€118 | +272.0% |
| Recurring financial charges | 65 | €44 | €162 | +€118 | +272.0% |
| Profit (loss) for the period before taxes | 9903 | €131,887 | €180,460 | +€48,573 | +36.8% |
| Income taxes | 67/77 | €32,972 | €45,145 | +€12,173 | +36.9% |
| Profit (loss) for the period | 9904 | €98,916 | €135,315 | +€36,399 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €98,916 | €135,315 | +€36,399 | +36.8% |
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 12 October 2026 via checked.be.