BOVERY CONCEPT: 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.
BOVERY CONCEPT
Largest movements
- Tangible fixed assets +€24,671
new in 2025: €24,671
of which Other tangible fixed assets: +€17,000
- Cash +€22,266
up €22,266 (+565.4%), from €3,938 to €26,205
mainly Trade debts (+€25,168) and Net result for the year (+€20,511)
- Receivables within one year -€4,222
down €4,222 (-42.2%), from €10,005 to €5,783
of which Trade receivables: -€5,678
- Stocks and contracts +€1,750
new in 2025: €1,750
- Trade debts +€25,168
up €25,168 (+602.6%), from €4,176 to €29,344
- Profit (loss) carried forward +€20,511
up €20,511 (+7104.9%), from €289 to €20,800
- Tax, wage and social debts +€5,118
up €5,118 (+420.8%), from €1,216 to €6,334
- Advances received -€3,440
no longer reported in 2025 (was €3,440)
- Other debts -€2,891
down €2,891 (-41.8%), from €6,922 to €4,031
- Gross operating margin +€29,209
up €29,209 (+2813.6%), from €1,038 to €30,248
- Taxes +€5,137
up €5,137 (+1713.5%), from €300 to €5,437
- Other operating charges +€2,326
new in 2025: €2,326
- Depreciation +€1,918
new in 2025: €1,918
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 | €19,043 | €63,509 | +€44,465 | +233.5% |
| Fixed assets | 21/28 | €5,100 | €29,771 | +€24,671 | +483.7% |
| Tangible fixed assets | 22/27 | - | €24,671 | +€24,671 | |
| Plant, machinery and equipment | 23 | - | €7,671 | +€7,671 | |
| Other tangible fixed assets | 26 | - | €17,000 | +€17,000 | |
| Financial fixed assets | 28 | €5,100 | €5,100 | = | 0.0% |
| Current assets | 29/58 | €13,943 | €33,738 | +€19,794 | +142.0% |
| Stocks and contracts in progress | 3 | - | €1,750 | +€1,750 | |
| Stocks | 30/36 | - | €1,750 | +€1,750 | |
| Amounts receivable within one year | 40/41 | €10,005 | €5,783 | -€4,222 | -42.2% |
| Trade receivables | 40 | €8,986 | €3,308 | -€5,678 | -63.2% |
| Other amounts receivable | 41 | €1,019 | €2,475 | +€1,456 | +142.9% |
| Cash at bank and in hand | 54/58 | €3,938 | €26,205 | +€22,266 | +565.4% |
| Total equity and liabilities | 10/49 | €19,043 | €63,509 | +€44,465 | +233.5% |
| Equity | 10/15 | €3,289 | €23,800 | +€20,511 | +623.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €289 | €20,800 | +€20,511 | +7104.9% |
| Amounts payable | 17/49 | €15,755 | €39,709 | +€23,954 | +152.0% |
| Amounts payable within one year | 42/48 | €15,755 | €39,709 | +€23,954 | +152.0% |
| Trade debts | 44 | €4,176 | €29,344 | +€25,168 | +602.6% |
| Suppliers | 440/4 | €4,176 | €29,344 | +€25,168 | +602.6% |
| Advances received on contracts in progress | 46 | €3,440 | - | -€3,440 | |
| Taxes, remuneration and social security | 45 | €1,216 | €6,334 | +€5,118 | +420.8% |
| Taxes | 450/3 | €1,216 | €6,334 | +€5,118 | +420.8% |
| Other amounts payable | 47/48 | €6,922 | €4,031 | -€2,891 | -41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,918 | +€1,918 | |
| Other operating charges | 640/8 | - | €2,326 | +€2,326 | |
| Gross operating margin | 9900 | €1,038 | €30,248 | +€29,209 | +2813.6% |
| Operating profit (loss) | 9901 | €1,038 | €26,004 | +€24,966 | +2404.8% |
| Financial income | 75/76B | €31 | - | -€31 | |
| Recurring financial income | 75 | €31 | - | -€31 | |
| Financial charges | 65/66B | €141 | €56 | -€85 | -60.3% |
| Recurring financial charges | 65 | €141 | €56 | -€85 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €929 | €25,948 | +€25,020 | +2694.6% |
| Income taxes | 67/77 | €300 | €5,437 | +€5,137 | +1713.5% |
| Profit (loss) for the period | 9904 | €629 | €20,511 | +€19,882 | +3162.5% |
| Profit (loss) for the period to be appropriated | 9905 | €629 | €20,511 | +€19,882 | +3162.5% |
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 30 September 2026 via checked.be.