Bovam: 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.
Bovam
Largest movements
- Cash -€22,948
down €22,948 (-52.5%), from €43,734 to €20,786
mainly Contributions, distributions and other (-€75,011) and Investment in fixed assets (net) (-€20,837)
- Profit (loss) carried forward -€28,571
down €28,571 (-39.2%), from €72,946 to €44,375
- Accrued charges and deferred income +€8,241
up €8,241 (+1438.7%), from €573 to €8,813
- Reserves +€7,262
up €7,262 (+3.6%), from €201,449 to €208,710
of which Distributable reserves: +€7,262
- Tax, wage and social debts -€6,776
down €6,776 (-64.8%), from €10,458 to €3,682
No income-statement line moved by more than 1% of the activity.
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 | €379,722 | €356,499 | -€23,223 | -6.1% |
| Fixed assets | 21/28 | €327,826 | €327,295 | -€531 | -0.2% |
| Tangible fixed assets | 22/27 | €327,826 | €327,295 | -€531 | -0.2% |
| Land and buildings | 22 | €327,826 | €327,295 | -€531 | -0.2% |
| Current assets | 29/58 | €51,896 | €29,204 | -€22,692 | -43.7% |
| Cash at bank and in hand | 54/58 | €43,734 | €20,786 | -€22,948 | -52.5% |
| Deferred charges and accrued income | 490/1 | €8,162 | €8,418 | +€257 | +3.1% |
| Total equity and liabilities | 10/49 | €379,722 | €356,499 | -€23,223 | -6.1% |
| Equity | 10/15 | €335,895 | €314,585 | -€21,310 | -6.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €201,449 | €208,710 | +€7,262 | +3.6% |
| Non-distributable reserves | 130/1 | €37,184 | €37,184 | = | 0.0% |
| Legal reserve | 130 | €37,184 | €37,184 | = | 0.0% |
| Distributable reserves | 133 | €164,265 | €171,526 | +€7,262 | +4.4% |
| Profit (loss) carried forward | 14 | €72,946 | €44,375 | -€28,571 | -39.2% |
| Amounts payable | 17/49 | €43,827 | €41,914 | -€1,913 | -4.4% |
| Amounts payable within one year | 42/48 | €43,254 | €33,100 | -€10,154 | -23.5% |
| Trade debts | 44 | €8,162 | €8,418 | +€257 | +3.1% |
| Suppliers | 440/4 | €8,162 | €8,418 | +€257 | +3.1% |
| Taxes, remuneration and social security | 45 | €10,458 | €3,682 | -€6,776 | -64.8% |
| Taxes | 450/3 | €10,458 | €3,682 | -€6,776 | -64.8% |
| Other amounts payable | 47/48 | €24,634 | €21,000 | -€3,634 | -14.8% |
| Accrued charges and deferred income | 492/3 | €573 | €8,813 | +€8,241 | +1438.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,174 | €21,368 | +€194 | +0.9% |
| Other operating charges | 640/8 | €10,434 | €10,526 | +€92 | +0.9% |
| Gross operating margin | 9900 | €111,563 | €111,867 | +€303 | +0.3% |
| Operating profit (loss) | 9901 | €79,955 | €79,973 | +€18 | 0.0% |
| Financial charges | 65/66B | €557 | €590 | +€32 | +5.8% |
| Recurring financial charges | 65 | €557 | €590 | +€32 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €79,398 | €79,383 | -€15 | 0.0% |
| Income taxes | 67/77 | €25,458 | €25,682 | +€224 | +0.9% |
| Profit (loss) for the period | 9904 | €53,940 | €53,701 | -€238 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,940 | €53,701 | -€238 | -0.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.