BOVANN: 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.
BOVANN
Largest movements
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Cash +€158,464
up €158,464 (+52.9%), from €299,341 to €457,806
mainly Net result for the year (+€200,610) and Current investments (+€200,000)
- Tangible fixed assets +€103,449
up €103,449 (+1300.6%), from €7,954 to €111,403
- Receivables within one year +€89,017
up €89,017 (+141.7%), from €62,801 to €151,818
of which Other amounts receivable: +€84,451
- Reserves +€200,610
up €200,610 (+30.2%), from €663,539 to €864,149
- Other debts -€129,384
no longer reported in 2025 (was €129,384)
- Debts after one year +€81,188
new in 2025: €81,188
- Current portion of long-term debt +€27,626
new in 2025: €27,626
- Tax, wage and social debts -€24,041
down €24,041 (-64.5%), from €37,256 to €13,215
- Financial income -€72,043
down €72,043 (-36.8%), from €196,000 to €123,957
- Gross operating margin +€49,557
up €49,557 (+73.6%), from €67,357 to €116,914
- Taxes +€18,577
up €18,577 (+118.0%), from €15,749 to €34,325
- Depreciation +€3,063
up €3,063 (+265.8%), from €1,152 to €4,215
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 | €845,675 | €996,427 | +€150,752 | +17.8% |
| Fixed assets | 21/28 | €283,354 | €386,803 | +€103,449 | +36.5% |
| Tangible fixed assets | 22/27 | €7,954 | €111,403 | +€103,449 | +1300.6% |
| Furniture and vehicles | 24 | €7,954 | €111,403 | +€103,449 | +1300.6% |
| Financial fixed assets | 28 | €275,400 | €275,400 | = | 0.0% |
| Current assets | 29/58 | €562,320 | €609,623 | +€47,303 | +8.4% |
| Amounts receivable within one year | 40/41 | €62,801 | €151,818 | +€89,017 | +141.7% |
| Trade receivables | 40 | €17,767 | €22,334 | +€4,566 | +25.7% |
| Other amounts receivable | 41 | €45,033 | €129,484 | +€84,451 | +187.5% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €299,341 | €457,806 | +€158,464 | +52.9% |
| Deferred charges and accrued income | 490/1 | €178 | - | -€178 | |
| Total equity and liabilities | 10/49 | €845,675 | €996,427 | +€150,752 | +17.8% |
| Equity | 10/15 | €668,539 | €869,149 | +€200,610 | +30.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €663,539 | €864,149 | +€200,610 | +30.2% |
| Distributable reserves | 133 | €663,539 | €864,149 | +€200,610 | +30.2% |
| Amounts payable | 17/49 | €177,136 | €127,278 | -€49,858 | -28.1% |
| Amounts payable after more than one year | 17 | - | €81,188 | +€81,188 | |
| Financial debts | 170/4 | - | €81,188 | +€81,188 | |
| Amounts payable within one year | 42/48 | €177,136 | €46,089 | -€131,046 | -74.0% |
| Current portion of amounts payable after more than one year | 42 | - | €27,626 | +€27,626 | |
| Financial debts | 43 | €8,853 | - | -€8,853 | |
| Credit institutions | 430/8 | €8,853 | - | -€8,853 | |
| Trade debts | 44 | €1,642 | €5,248 | +€3,606 | +219.6% |
| Suppliers | 440/4 | €1,642 | €5,248 | +€3,606 | +219.6% |
| Taxes, remuneration and social security | 45 | €37,256 | €13,215 | -€24,041 | -64.5% |
| Taxes | 450/3 | €37,256 | €13,215 | -€24,041 | -64.5% |
| Other amounts payable | 47/48 | €129,384 | - | -€129,384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,152 | €4,215 | +€3,063 | +265.8% |
| Other operating charges | 640/8 | €843 | €1,073 | +€230 | +27.2% |
| Gross operating margin | 9900 | €67,357 | €116,914 | +€49,557 | +73.6% |
| Operating profit (loss) | 9901 | €65,361 | €111,626 | +€46,264 | +70.8% |
| Financial income | 75/76B | €196,000 | €123,957 | -€72,043 | -36.8% |
| Recurring financial income | 75 | €196,000 | €123,957 | -€72,043 | -36.8% |
| Financial charges | 65/66B | €918 | €647 | -€271 | -29.5% |
| Recurring financial charges | 65 | €918 | €647 | -€271 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €260,444 | €234,935 | -€25,508 | -9.8% |
| Income taxes | 67/77 | €15,749 | €34,325 | +€18,577 | +118.0% |
| Profit (loss) for the period | 9904 | €244,695 | €200,610 | -€44,085 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €244,695 | €200,610 | -€44,085 | -18.0% |
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.