Bovèr A&T: what changed
Bovèr A&T
Largest movements
- Cash +€115,861
up €115,861 (+107%), from €108,144 to €224,006
mainly Net result for the year (+€99,506) and Depreciation (+€54,770)
- Receivables within one year +€29,585
up €29,585 (+78.5%), from €37,690 to €67,275
of which Trade receivables: +€32,506
- Tangible fixed assets -€21,332
down €21,332 (-6.8%), from €312,357 to €291,025
of which Land and buildings: -€23,528
- Reserves +€99,506
up €99,506 (+55.2%), from €180,334 to €279,840
- Trade debts +€15,440
up €15,440 (+3,130%), from €493 to €15,933
- Other debts +€9,800
up €9,800 (+10.2%), from €96,089 to €105,889
- Current portion of long-term debt +€8,305
up €8,305 (+60.6%), from €13,710 to €22,015
- Accrued charges and deferred income -€8,292
down €8,292 (-98.4%), from €8,430 to €138
- Gross operating margin +€51,644
up €51,644 (+32.6%), from €158,188 to €209,833
- Taxes +€16,862
up €16,862 (+83.7%), from €20,146 to €37,008
- Depreciation +€5,605
up €5,605 (+11.4%), from €49,164 to €54,770
- Financial charges +€4,344
up €4,344 (+53.2%), from €8,171 to €12,515
- Other operating charges +€4,098
up €4,098 (+196%), from €2,094 to €6,192
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €472,568 | €597,003 | +€124,435 | +26.3% |
| Fixed assets | 21/28 | €312,358 | €291,026 | -€21,332 | -6.8% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -12.2% |
| Tangible fixed assets | 22/27 | €312,357 | €291,025 | -€21,332 | -6.8% |
| Land and buildings | 22 | €206,023 | €182,495 | -€23,528 | -11.4% |
| Plant, machinery and equipment | 23 | €19,777 | €10,258 | -€9,519 | -48.1% |
| Furniture and vehicles | 24 | €86,557 | €98,273 | +€11,715 | +13.5% |
| Current assets | 29/58 | €160,210 | €305,977 | +€145,767 | +91.0% |
| Stocks and contracts in progress | 3 | €14,321 | €12,648 | -€1,674 | -11.7% |
| Stocks | 30/36 | €14,321 | €12,648 | -€1,674 | -11.7% |
| Amounts receivable within one year | 40/41 | €37,690 | €67,275 | +€29,585 | +78.5% |
| Trade receivables | 40 | €11,769 | €44,276 | +€32,506 | +276% |
| Other amounts receivable | 41 | €25,921 | €22,999 | -€2,921 | -11.3% |
| Cash at bank and in hand | 54/58 | €108,144 | €224,006 | +€115,861 | +107% |
| Deferred charges and accrued income | 490/1 | €54 | €2,048 | +€1,995 | +3,713% |
| Total equity and liabilities | 10/49 | €472,568 | €597,003 | +€124,435 | +26.3% |
| Equity | 10/15 | €185,334 | €284,840 | +€99,506 | +53.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €180,334 | €279,840 | +€99,506 | +55.2% |
| Distributable reserves | 133 | €180,334 | €279,840 | +€99,506 | +55.2% |
| Amounts payable | 17/49 | €287,233 | €312,163 | +€24,929 | +8.7% |
| Amounts payable after more than one year | 17 | €161,109 | €155,934 | -€5,175 | -3.2% |
| Financial debts | 170/4 | €56,109 | €70,934 | +€14,825 | +26.4% |
| Other amounts payable | 178/9 | €105,000 | €85,000 | -€20,000 | -19.0% |
| Amounts payable within one year | 42/48 | €117,694 | €156,091 | +€38,397 | +32.6% |
| Current portion of amounts payable after more than one year | 42 | €13,710 | €22,015 | +€8,305 | +60.6% |
| Trade debts | 44 | €493 | €15,933 | +€15,440 | +3,130% |
| Suppliers | 440/4 | €493 | €15,933 | +€15,440 | +3,130% |
| Taxes, remuneration and social security | 45 | €7,402 | €12,253 | +€4,851 | +65.5% |
| Taxes | 450/3 | €5,902 | €8,771 | +€2,869 | +48.6% |
| Remuneration and social security | 454/9 | €1,500 | €3,482 | +€1,982 | +132% |
| Other amounts payable | 47/48 | €96,089 | €105,889 | +€9,800 | +10.2% |
| Accrued charges and deferred income | 492/3 | €8,430 | €138 | -€8,292 | -98.4% |
| Remuneration, social security and pensions | 62 | €123 | €0 | -€123 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,164 | €54,770 | +€5,605 | +11.4% |
| Other operating charges | 640/8 | €2,094 | €6,192 | +€4,098 | +196% |
| Gross operating margin | 9900 | €158,188 | €209,833 | +€51,644 | +32.6% |
| Operating profit (loss) | 9901 | €106,807 | €148,871 | +€42,064 | +39.4% |
| Financial income | 75/76B | €50 | €158 | +€108 | +214% |
| Recurring financial income | 75 | €50 | €158 | +€108 | +214% |
| Financial charges | 65/66B | €8,171 | €12,515 | +€4,344 | +53.2% |
| Recurring financial charges | 65 | €8,171 | €12,515 | +€4,344 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €98,687 | €136,514 | +€37,827 | +38.3% |
| Income taxes | 67/77 | €20,146 | €37,008 | +€16,862 | +83.7% |
| Profit (loss) for the period | 9904 | €78,540 | €99,506 | +€20,965 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €78,540 | €99,506 | +€20,965 | +26.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.