Boverto: 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.
Boverto
Largest movements
- Tangible fixed assets -€39,605
down €39,605 (-7.1%), from €560,795 to €521,189
of which Land and buildings: -€23,127
- Stocks and contracts -€10,000
down €10,000 (-83.3%), from €12,000 to €2,000
of which Contracts in progress: -€10,000
- Reserves -€82,041
down €82,041 (-54.1%), from €151,562 to €69,521
of which Distributable reserves: -€82,041
- Trade debts +€54,572
up €54,572 (+47.6%), from €114,721 to €169,292
- Debts after one year -€45,638
down €45,638 (-9.9%), from €461,594 to €415,956
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Gross operating margin +€34,027
up €34,027 (+13.7%), from €248,251 to €282,278
- Staff costs +€18,988
up €18,988 (+11.0%), from €172,629 to €191,617
- Financial charges +€5,096
up €5,096 (+34.2%), from €14,881 to €19,978
of which Financial charges: +€6,496
- Depreciation -€2,916
down €2,916 (-5.9%), from €49,248 to €46,332
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 | €807,925 | €756,369 | -€51,557 | -6.4% |
| Fixed assets | 21/28 | €561,181 | €521,338 | -€39,842 | -7.1% |
| Intangible fixed assets | 21 | €237 | €0 | -€237 | -100% |
| Tangible fixed assets | 22/27 | €560,795 | €521,189 | -€39,605 | -7.1% |
| Land and buildings | 22 | €514,565 | €491,438 | -€23,127 | -4.5% |
| Plant, machinery and equipment | 23 | €2,901 | €5,614 | +€2,713 | +93.5% |
| Furniture and vehicles | 24 | €43,328 | €24,138 | -€19,190 | -44.3% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €246,745 | €235,030 | -€11,715 | -4.7% |
| Stocks and contracts in progress | 3 | €12,000 | €2,000 | -€10,000 | -83.3% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Contracts in progress | 37 | €10,000 | €0 | -€10,000 | -100% |
| Amounts receivable within one year | 40/41 | €206,581 | €198,632 | -€7,950 | -3.8% |
| Trade receivables | 40 | €97,781 | €157,463 | +€59,682 | +61.0% |
| Other amounts receivable | 41 | €108,800 | €41,168 | -€67,632 | -62.2% |
| Cash at bank and in hand | 54/58 | €20,439 | €25,873 | +€5,435 | +26.6% |
| Deferred charges and accrued income | 490/1 | €7,725 | €8,525 | +€800 | +10.4% |
| Total equity and liabilities | 10/49 | €807,925 | €756,369 | -€51,557 | -6.4% |
| Equity | 10/15 | €157,762 | €88,121 | -€69,641 | -44.1% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €151,562 | €69,521 | -€82,041 | -54.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €151,562 | €69,521 | -€82,041 | -54.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €650,163 | €668,247 | +€18,084 | +2.8% |
| Amounts payable after more than one year | 17 | €461,594 | €415,956 | -€45,638 | -9.9% |
| Financial debts | 170/4 | €461,594 | €415,956 | -€45,638 | -9.9% |
| Amounts payable within one year | 42/48 | €188,568 | €252,022 | +€63,454 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €44,047 | €45,638 | +€1,591 | +3.6% |
| Financial debts | 43 | €0 | €0 | -€0 | -100% |
| Credit institutions | 430/8 | €0 | €0 | -€0 | -100% |
| Trade debts | 44 | €114,721 | €169,292 | +€54,572 | +47.6% |
| Suppliers | 440/4 | €114,721 | €169,292 | +€54,572 | +47.6% |
| Taxes, remuneration and social security | 45 | €29,800 | €36,444 | +€6,644 | +22.3% |
| Taxes | 450/3 | €5,179 | €21,992 | +€16,813 | +325% |
| Remuneration and social security | 454/9 | €24,621 | €14,452 | -€10,170 | -41.3% |
| Other amounts payable | 47/48 | - | €648 | +€648 | |
| Accrued charges and deferred income | 492/3 | €0 | €269 | +€269 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €172,629 | €191,617 | +€18,988 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,248 | €46,332 | -€2,916 | -5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€360 | -€360 | |
| Other operating charges | 640/8 | €9,321 | €11,002 | +€1,681 | +18.0% |
| Non-recurring operating charges | 66A | €0 | €1,462 | +€1,462 | |
| Gross operating margin | 9900 | €248,251 | €282,278 | +€34,027 | +13.7% |
| Operating profit (loss) | 9901 | €17,053 | €32,226 | +€15,173 | +89.0% |
| Financial income | 75/76B | €6,051 | €5,711 | -€340 | -5.6% |
| Recurring financial income | 75 | €6,051 | €5,711 | -€340 | -5.6% |
| Financial charges | 65/66B | €14,881 | €19,978 | +€5,096 | +34.2% |
| Recurring financial charges | 65 | €13,481 | €19,978 | +€6,496 | +48.2% |
| Non-recurring financial charges | 66B | €1,400 | €0 | -€1,400 | -100% |
| Profit (loss) for the period before taxes | 9903 | €8,222 | €17,959 | +€9,736 | +118% |
| Profit (loss) for the period | 9904 | €8,222 | €17,959 | +€9,736 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €8,222 | €17,959 | +€9,736 | +118% |
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 20 October 2026 via checked.be.