BOVEBO: 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.
BOVEBO
Largest movements
- Current investments -€305,885
down €305,885 (-67.4%), from €454,059 to €148,174
- Cash -€79,704
down €79,704 (-89.4%), from €89,189 to €9,485
mainly Trade debts (-€570,206) and Contributions, distributions and other (-€179,000)
- Tangible fixed assets -€26,585
down €26,585 (-23.8%), from €111,525 to €84,941
- Receivables within one year -€20,908
down €20,908 (-14.3%), from €146,243 to €125,335
of which Trade receivables: -€13,558
- Trade debts -€570,206
down €570,206 (-98.4%), from €579,542 to €9,336
- Other debts +€179,000
new in 2025: €179,000
- Profit (loss) carried forward -€32,027
down €32,027 (-32.4%), from €98,744 to €66,716
- Debts after one year -€17,536
down €17,536 (-28.7%), from €61,099 to €43,564
- Gross operating margin +€182,079
up €182,079 (+37.2%), from €489,510 to €671,589
- Staff costs +€109,046
up €109,046 (+33.4%), from €326,724 to €435,771
- Taxes +€16,390
up €16,390 (+41.8%), from €39,163 to €55,552
- Depreciation +€7,075
up €7,075 (+36.3%), from €19,509 to €26,585
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 | €818,675 | €382,217 | -€436,458 | -53.3% |
| Fixed assets | 21/28 | €111,725 | €85,141 | -€26,585 | -23.8% |
| Tangible fixed assets | 22/27 | €111,525 | €84,941 | -€26,585 | -23.8% |
| Furniture and vehicles | 24 | €111,525 | €84,941 | -€26,585 | -23.8% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €706,950 | €297,076 | -€409,873 | -58.0% |
| Amounts receivable within one year | 40/41 | €146,243 | €125,335 | -€20,908 | -14.3% |
| Trade receivables | 40 | €134,243 | €120,685 | -€13,558 | -10.1% |
| Other amounts receivable | 41 | €12,000 | €4,650 | -€7,350 | -61.3% |
| Current investments | 50/53 | €454,059 | €148,174 | -€305,885 | -67.4% |
| Cash at bank and in hand | 54/58 | €89,189 | €9,485 | -€79,704 | -89.4% |
| Deferred charges and accrued income | 490/1 | €17,459 | €14,082 | -€3,377 | -19.3% |
| Total equity and liabilities | 10/49 | €818,675 | €382,217 | -€436,458 | -53.3% |
| Equity | 10/15 | €117,344 | €85,316 | -€32,027 | -27.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,744 | €66,716 | -€32,027 | -32.4% |
| Amounts payable | 17/49 | €701,331 | €296,901 | -€404,431 | -57.7% |
| Amounts payable after more than one year | 17 | €61,099 | €43,564 | -€17,536 | -28.7% |
| Financial debts | 170/4 | €61,099 | €43,564 | -€17,536 | -28.7% |
| Amounts payable within one year | 42/48 | €637,232 | €250,337 | -€386,895 | -60.7% |
| Current portion of amounts payable after more than one year | 42 | €16,841 | €17,536 | +€695 | +4.1% |
| Trade debts | 44 | €579,542 | €9,336 | -€570,206 | -98.4% |
| Suppliers | 440/4 | €579,542 | €9,336 | -€570,206 | -98.4% |
| Taxes, remuneration and social security | 45 | €40,849 | €44,466 | +€3,616 | +8.9% |
| Taxes | 450/3 | €6,469 | €137 | -€6,332 | -97.9% |
| Remuneration and social security | 454/9 | €34,381 | €44,329 | +€9,948 | +28.9% |
| Other amounts payable | 47/48 | - | €179,000 | +€179,000 | |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €326,724 | €435,771 | +€109,046 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,509 | €26,585 | +€7,075 | +36.3% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €489,510 | €671,589 | +€182,079 | +37.2% |
| Operating profit (loss) | 9901 | €142,892 | €208,847 | +€65,955 | +46.2% |
| Financial income | 75/76B | €1,560 | €890 | -€669 | -42.9% |
| Recurring financial income | 75 | €1,560 | €890 | -€669 | -42.9% |
| Financial charges | 65/66B | €6,545 | €7,212 | +€666 | +10.2% |
| Recurring financial charges | 65 | €6,545 | €7,212 | +€666 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €137,906 | €202,525 | +€64,619 | +46.9% |
| Income taxes | 67/77 | €39,163 | €55,552 | +€16,390 | +41.8% |
| Profit (loss) for the period | 9904 | €98,744 | €146,973 | +€48,229 | +48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €98,744 | €146,973 | +€48,229 | +48.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.