BOVAN: 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.
BOVAN
Largest movements
- Tangible fixed assets +€6,030
up €6,030 (+2.8%), from €215,816 to €221,847
of which Land and buildings: +€6,030
- Profit (loss) carried forward +€13,759
up €13,759 (+19.2%), from -€71,481 to -€57,722
- Other debts -€9,263
down €9,263 (-4.9%), from €187,209 to €177,946
- Tax, wage and social debts +€2,662
up €2,662 (+31.7%), from €8,407 to €11,068
- Gross operating margin +€20,051
up €20,051, from -€688 to €19,363
- Other operating charges +€1,231
up €1,231 (+40.9%), from €3,010 to €4,241
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 | €220,885 | €225,969 | +€5,085 | +2.3% |
| Fixed assets | 21/28 | €215,816 | €221,847 | +€6,030 | +2.8% |
| Tangible fixed assets | 22/27 | €215,816 | €221,847 | +€6,030 | +2.8% |
| Land and buildings | 22 | €197,342 | €203,373 | +€6,030 | +3.1% |
| Plant, machinery and equipment | 23 | €3,582 | €3,582 | = | 0.0% |
| Furniture and vehicles | 24 | €14,892 | €14,892 | = | 0.0% |
| Current assets | 29/58 | €5,068 | €4,123 | -€946 | -18.7% |
| Amounts receivable within one year | 40/41 | €741 | €1,244 | +€504 | +68.0% |
| Other amounts receivable | 41 | €741 | €1,244 | +€504 | +68.0% |
| Cash at bank and in hand | 54/58 | €3,021 | €2,287 | -€733 | -24.3% |
| Deferred charges and accrued income | 490/1 | €1,306 | €591 | -€716 | -54.8% |
| Total equity and liabilities | 10/49 | €220,885 | €225,969 | +€5,085 | +2.3% |
| Equity | 10/15 | €23,009 | €36,768 | +€13,759 | +59.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €32,490 | €32,490 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €26,290 | €26,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,481 | -€57,722 | +€13,759 | +19.2% |
| Amounts payable | 17/49 | €197,875 | €189,201 | -€8,674 | -4.4% |
| Amounts payable within one year | 42/48 | €197,875 | €189,201 | -€8,674 | -4.4% |
| Trade debts | 44 | €2,260 | €187 | -€2,073 | -91.7% |
| Suppliers | 440/4 | €2,260 | €187 | -€2,073 | -91.7% |
| Taxes, remuneration and social security | 45 | €8,407 | €11,068 | +€2,662 | +31.7% |
| Taxes | 450/3 | €8,407 | €11,068 | +€2,662 | +31.7% |
| Other amounts payable | 47/48 | €187,209 | €177,946 | -€9,263 | -4.9% |
| Non-recurring operating income | 76A | - | €7,217 | +€7,217 | |
| Other operating charges | 640/8 | €3,010 | €4,241 | +€1,231 | +40.9% |
| Gross operating margin | 9900 | -€688 | €19,363 | +€20,051 | |
| Operating profit (loss) | 9901 | -€3,697 | €15,123 | +€18,820 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -97.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -97.5% |
| Financial charges | 65/66B | €389 | €412 | +€23 | +5.8% |
| Recurring financial charges | 65 | €389 | €412 | +€23 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,086 | €14,711 | +€18,797 | |
| Income taxes | 67/77 | €1,121 | €952 | -€169 | -15.1% |
| Profit (loss) for the period | 9904 | -€5,207 | €13,759 | +€18,966 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,207 | €13,759 | +€18,966 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.