BOVERRON: 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.
BOVERRON
Largest movements
- Tangible fixed assets -€10,574
down €10,574 (-12.9%), from €81,656 to €71,082
- Cash -€7,061
down €7,061 (-37.9%), from €18,621 to €11,560
mainly Trade debts (-€45,899) and Debts after one year (-€11,948)
- Trade debts -€45,899
down €45,899 (-48.4%), from €94,769 to €48,870
- Profit (loss) carried forward +€26,961
up €26,961 (+34.7%), from -€77,645 to -€50,684
- Debts after one year -€11,948
down €11,948 (-18.3%), from €65,183 to €53,236
of which Financial debts: -€11,987
- Other debts +€8,906
up €8,906 (+382.3%), from €2,329 to €11,236
- Tax, wage and social debts +€3,333
up €3,333 (+262.4%), from €1,270 to €4,603
of which Remuneration and social security: +€2,521
- Gross operating margin +€35,759
up €35,759 (+187.1%), from €19,115 to €54,874
- Staff costs +€5,599
up €5,599 (+69.5%), from €8,059 to €13,657
- Other operating charges -€1,603
down €1,603 (-73.3%), from €2,188 to €585
- Financial charges +€1,413
up €1,413 (+83.9%), from €1,685 to €3,097
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 | €101,698 | €83,247 | -€18,451 | -18.1% |
| Fixed assets | 21/28 | €81,656 | €71,082 | -€10,574 | -12.9% |
| Tangible fixed assets | 22/27 | €81,656 | €71,082 | -€10,574 | -12.9% |
| Land and buildings | 22 | €57,083 | €52,149 | -€4,934 | -8.6% |
| Plant, machinery and equipment | 23 | €20,556 | €17,239 | -€3,317 | -16.1% |
| Furniture and vehicles | 24 | €4,017 | €1,694 | -€2,322 | -57.8% |
| Current assets | 29/58 | €20,043 | €12,165 | -€7,878 | -39.3% |
| Amounts receivable within one year | 40/41 | €842 | €605 | -€238 | -28.2% |
| Trade receivables | 40 | €842 | €605 | -€238 | -28.2% |
| Cash at bank and in hand | 54/58 | €18,621 | €11,560 | -€7,061 | -37.9% |
| Deferred charges and accrued income | 490/1 | €579 | - | -€579 | |
| Total equity and liabilities | 10/49 | €101,698 | €83,247 | -€18,451 | -18.1% |
| Equity | 10/15 | -€73,645 | -€46,684 | +€26,961 | +36.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,645 | -€50,684 | +€26,961 | +34.7% |
| Amounts payable | 17/49 | €175,343 | €129,931 | -€45,412 | -25.9% |
| Amounts payable after more than one year | 17 | €65,183 | €53,236 | -€11,948 | -18.3% |
| Financial debts | 170/4 | €65,183 | €53,196 | -€11,987 | -18.4% |
| Other amounts payable | 178/9 | - | €39 | +€39 | |
| Amounts payable within one year | 42/48 | €110,160 | €76,695 | -€33,464 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €11,792 | €11,987 | +€195 | +1.7% |
| Trade debts | 44 | €94,769 | €48,870 | -€45,899 | -48.4% |
| Suppliers | 440/4 | €94,769 | €48,870 | -€45,899 | -48.4% |
| Taxes, remuneration and social security | 45 | €1,270 | €4,603 | +€3,333 | +262.4% |
| Taxes | 450/3 | €1,062 | €1,873 | +€811 | +76.4% |
| Remuneration and social security | 454/9 | €208 | €2,729 | +€2,521 | +1212.1% |
| Other amounts payable | 47/48 | €2,329 | €11,236 | +€8,906 | +382.3% |
| Remuneration, social security and pensions | 62 | €8,059 | €13,657 | +€5,599 | +69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,574 | €10,574 | = | 0.0% |
| Other operating charges | 640/8 | €2,188 | €585 | -€1,603 | -73.3% |
| Gross operating margin | 9900 | €19,115 | €54,874 | +€35,759 | +187.1% |
| Operating profit (loss) | 9901 | -€1,705 | €30,058 | +€31,763 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,685 | €3,097 | +€1,413 | +83.9% |
| Recurring financial charges | 65 | €1,685 | €3,097 | +€1,413 | +83.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,389 | €26,961 | +€30,351 | |
| Profit (loss) for the period | 9904 | -€3,389 | €26,961 | +€30,351 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,389 | €26,961 | +€30,351 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.