BOVANRO: 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.
BOVANRO
Largest movements
- Cash +€5,680
up €5,680 (+64.7%), from €8,776 to €14,455
mainly Depreciation (+€5,267) and Other debts (+€5,000)
- Tangible fixed assets -€5,267
down €5,267 (-100.0%), from €5,267 to €0
- Receivables within one year +€2,411
up €2,411 (+58.8%), from €4,103 to €6,514
of which Trade receivables: +€2,367
- Stocks and contracts -€864
down €864 (-17.2%), from €5,020 to €4,156
- Other debts +€5,000
up €5,000 (+100.0%), from €5,000 to €10,000
- Profit (loss) carried forward -€2,632
new in 2025: -€2,632
- Reserves -€323
down €323 (-27.6%), from €1,169 to €846
- Gross operating margin -€5,405
down €5,405 (-55.9%), from €9,674 to €4,269
- Depreciation -€2,633
down €2,633 (-33.3%), from €7,900 to €5,267
- Other operating charges +€199
up €199 (+11.8%), from €1,687 to €1,886
- Write-downs +€198
up €198, from -€198 to €0
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 | €24,805 | €26,822 | +€2,017 | +8.1% |
| Fixed assets | 21/28 | €5,402 | €135 | -€5,267 | -97.5% |
| Tangible fixed assets | 22/27 | €5,267 | €0 | -€5,267 | -100.0% |
| Furniture and vehicles | 24 | €5,267 | €0 | -€5,267 | -100.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €19,403 | €26,687 | +€7,284 | +37.5% |
| Stocks and contracts in progress | 3 | €5,020 | €4,156 | -€864 | -17.2% |
| Stocks | 30/36 | €5,020 | €4,156 | -€864 | -17.2% |
| Amounts receivable within one year | 40/41 | €4,103 | €6,514 | +€2,411 | +58.8% |
| Trade receivables | 40 | - | €2,367 | +€2,367 | |
| Other amounts receivable | 41 | €4,103 | €4,147 | +€44 | +1.1% |
| Cash at bank and in hand | 54/58 | €8,776 | €14,455 | +€5,680 | +64.7% |
| Deferred charges and accrued income | 490/1 | €1,504 | €1,561 | +€58 | +3.8% |
| Total equity and liabilities | 10/49 | €24,805 | €26,822 | +€2,017 | +8.1% |
| Equity | 10/15 | €19,769 | €16,813 | -€2,955 | -15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,169 | €846 | -€323 | -27.6% |
| Distributable reserves | 133 | €1,169 | €846 | -€323 | -27.6% |
| Profit (loss) carried forward | 14 | - | -€2,632 | -€2,632 | |
| Amounts payable | 17/49 | €5,036 | €10,008 | +€4,973 | +98.8% |
| Amounts payable within one year | 42/48 | €5,036 | €10,008 | +€4,973 | +98.8% |
| Trade debts | 44 | - | €8 | +€8 | |
| Suppliers | 440/4 | - | €8 | +€8 | |
| Taxes, remuneration and social security | 45 | €36 | €0 | -€36 | -100.0% |
| Taxes | 450/3 | €36 | €0 | -€36 | -100.0% |
| Other amounts payable | 47/48 | €5,000 | €10,000 | +€5,000 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,900 | €5,267 | -€2,633 | -33.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€198 | €0 | +€198 | |
| Other operating charges | 640/8 | €1,687 | €1,886 | +€199 | +11.8% |
| Gross operating margin | 9900 | €9,674 | €4,269 | -€5,405 | -55.9% |
| Operating profit (loss) | 9901 | €285 | -€2,883 | -€3,168 | |
| Financial income | 75/76B | €14 | €0 | -€14 | -100.0% |
| Recurring financial income | 75 | €14 | €0 | -€14 | -100.0% |
| Financial charges | 65/66B | €38 | €72 | +€34 | +89.5% |
| Recurring financial charges | 65 | €38 | €72 | +€34 | +89.5% |
| Profit (loss) for the period before taxes | 9903 | €261 | -€2,955 | -€3,217 | |
| Income taxes | 67/77 | €24 | €0 | -€24 | -100.0% |
| Profit (loss) for the period | 9904 | €238 | -€2,955 | -€3,193 | |
| Profit (loss) for the period to be appropriated | 9905 | €238 | -€2,955 | -€3,193 |
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 8 October 2026 via checked.be.