Bovanco: 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.
Bovanco
Largest movements
- Stocks and contracts +€1.8m
up €1.8m (+8,591%), from €20,652 to €1.8m
- Receivables within one year +€18,723
up €18,723 (+319%), from €5,876 to €24,599
of which Other amounts receivable: +€14,519
- Trade debts +€1.7m
up €1.7m (+2,839%), from €59,922 to €1.8m
- Other debts +€107,655
new in 2025: €107,655
- Profit (loss) carried forward -€29,966
down €29,966 (-432%), from -€6,929 to -€36,895
- Gross operating margin -€19,583
down €19,583 (-275%), from -€7,114 to -€26,697
- Financial charges +€2,870
up €2,870 (+1,913,047%), from €0 to €2,870
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.
Derived cash bridge
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 | €61,053 | €1,839,884 | +€1.8m | +2,914% |
| Current assets | 29/58 | €61,053 | €1,839,884 | +€1.8m | +2,914% |
| Stocks and contracts in progress | 3 | €20,652 | €1,794,797 | +€1.8m | +8,591% |
| Stocks | 30/36 | €20,652 | €1,794,797 | +€1.8m | +8,591% |
| Amounts receivable within one year | 40/41 | €5,876 | €24,599 | +€18,723 | +319% |
| Trade receivables | 40 | €446 | €4,651 | +€4,204 | +942% |
| Other amounts receivable | 41 | €5,429 | €19,948 | +€14,519 | +267% |
| Cash at bank and in hand | 54/58 | €16,114 | €356 | -€15,758 | -97.8% |
| Deferred charges and accrued income | 490/1 | €18,412 | €20,132 | +€1,721 | +9.3% |
| Total equity and liabilities | 10/49 | €61,053 | €1,839,884 | +€1.8m | +2,914% |
| Equity | 10/15 | €1,131 | -€28,835 | -€29,966 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,929 | -€36,895 | -€29,966 | -432% |
| Amounts payable | 17/49 | €59,922 | €1,868,719 | +€1.8m | +3,019% |
| Amounts payable within one year | 42/48 | €59,922 | €1,868,719 | +€1.8m | +3,019% |
| Trade debts | 44 | €59,922 | €1,761,064 | +€1.7m | +2,839% |
| Suppliers | 440/4 | €59,922 | €1,761,064 | +€1.7m | +2,839% |
| Other amounts payable | 47/48 | - | €107,655 | +€107,655 | |
| Other operating charges | 640/8 | €513 | €400 | -€114 | -22.1% |
| Gross operating margin | 9900 | -€7,114 | -€26,697 | -€19,583 | -275% |
| Operating profit (loss) | 9901 | -€7,627 | -€27,096 | -€19,469 | -255% |
| Financial charges | 65/66B | €0 | €2,870 | +€2,870 | +1,913,047% |
| Recurring financial charges | 65 | €0 | €2,870 | +€2,870 | +1,913,047% |
| Profit (loss) for the period before taxes | 9903 | -€7,627 | -€29,966 | -€22,339 | -293% |
| Profit (loss) for the period | 9904 | -€7,627 | -€29,966 | -€22,339 | -293% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,627 | -€29,966 | -€22,339 | -293% |
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 13 October 2026 via checked.be.