BoVerBo: 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.
BoVerBo
Largest movements
- Current investments +€152,262
up €152,262 (+122%), from €125,000 to €277,262
- Cash -€60,389
down €60,389 (-56.5%), from €106,940 to €46,552
mainly Current investments (-€152,262) and Tax, wage and social debts (-€6,420)
- Tangible fixed assets -€11,770
down €11,770 (-71.4%), from €16,474 to €4,704
- Profit (loss) carried forward +€89,765
up €89,765 (+40.5%), from €221,436 to €311,201
- Tax, wage and social debts -€6,420
down €6,420 (-15.5%), from €41,538 to €35,119
- Gross operating margin -€27,003
down €27,003 (-18.0%), from €149,954 to €122,951
- Taxes -€6,104
down €6,104 (-20.1%), from €30,351 to €24,247
- Financial income +€2,666
up €2,666 (+230%), from €1,159 to €3,825
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 | €271,102 | €354,827 | +€83,725 | +30.9% |
| Fixed assets | 21/28 | €16,474 | €4,704 | -€11,770 | -71.4% |
| Tangible fixed assets | 22/27 | €16,474 | €4,704 | -€11,770 | -71.4% |
| Furniture and vehicles | 24 | €16,474 | €4,704 | -€11,770 | -71.4% |
| Current assets | 29/58 | €254,628 | €350,123 | +€95,496 | +37.5% |
| Amounts receivable within one year | 40/41 | €22,688 | €26,153 | +€3,465 | +15.3% |
| Trade receivables | 40 | €22,688 | €22,688 | = | 0.0% |
| Other amounts receivable | 41 | - | €3,465 | +€3,465 | |
| Current investments | 50/53 | €125,000 | €277,262 | +€152,262 | +122% |
| Cash at bank and in hand | 54/58 | €106,940 | €46,552 | -€60,389 | -56.5% |
| Deferred charges and accrued income | 490/1 | - | €157 | +€157 | |
| Total equity and liabilities | 10/49 | €271,102 | €354,827 | +€83,725 | +30.9% |
| Equity | 10/15 | €226,436 | €316,201 | +€89,765 | +39.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €221,436 | €311,201 | +€89,765 | +40.5% |
| Amounts payable | 17/49 | €44,666 | €38,626 | -€6,040 | -13.5% |
| Amounts payable within one year | 42/48 | €44,666 | €38,626 | -€6,040 | -13.5% |
| Trade debts | 44 | €2,207 | €3,337 | +€1,130 | +51.2% |
| Suppliers | 440/4 | €2,207 | €3,337 | +€1,130 | +51.2% |
| Taxes, remuneration and social security | 45 | €41,538 | €35,119 | -€6,420 | -15.5% |
| Taxes | 450/3 | €41,538 | €35,119 | -€6,420 | -15.5% |
| Other amounts payable | 47/48 | €920 | €170 | -€750 | -81.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,770 | €11,770 | -€0 | 0.0% |
| Other operating charges | 640/8 | €877 | €952 | +€74 | +8.5% |
| Gross operating margin | 9900 | €149,954 | €122,951 | -€27,003 | -18.0% |
| Operating profit (loss) | 9901 | €137,306 | €110,229 | -€27,077 | -19.7% |
| Financial income | 75/76B | €1,159 | €3,825 | +€2,666 | +230% |
| Recurring financial income | 75 | €1,159 | €3,825 | +€2,666 | +230% |
| Financial charges | 65/66B | €0 | €43 | +€42 | +14,083% |
| Recurring financial charges | 65 | €0 | €43 | +€42 | +14,083% |
| Profit (loss) for the period before taxes | 9903 | €138,465 | €114,012 | -€24,453 | -17.7% |
| Income taxes | 67/77 | €30,351 | €24,247 | -€6,104 | -20.1% |
| Profit (loss) for the period | 9904 | €108,114 | €89,765 | -€18,350 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,114 | €89,765 | -€18,350 | -17.0% |
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.