BOVIC IMMO: 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.
BOVIC IMMO
Largest movements
- Tangible fixed assets -€134,718
down €134,718 (-5.1%), from €2.6m to €2.5m
of which Land and buildings: -€108,036
- Receivables within one year -€43,678
down €43,678 (-18.6%), from €234,198 to €190,520
of which Other amounts receivable: -€53,207
- Debts after one year -€251,488
down €251,488 (-13.1%), from €1.9m to €1.7m
of which Financial debts: -€251,488
- Reserves +€88,621
up €88,621 (+8.8%), from €1.0m to €1.1m
- Trade debts -€59,143
down €59,143 (-86.5%), from €68,381 to €9,238
- Financial charges -€21,340
down €21,340 (-43.1%), from €49,506 to €28,166
- Financial income +€13,768
up €13,768 (+150.2%), from €9,169 to €22,937
- Taxes +€12,837
up €12,837 (+44.6%), from €28,752 to €41,590
- Gross operating margin +€8,608
up €8,608 (+2.9%), from €295,968 to €304,575
- Other operating charges +€7,751
up €7,751 (+29.1%), from €26,667 to €34,418
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 | €3,335,274 | €3,134,629 | -€200,645 | -6.0% |
| Fixed assets | 21/28 | €2,619,309 | €2,484,592 | -€134,718 | -5.1% |
| Tangible fixed assets | 22/27 | €2,619,309 | €2,484,592 | -€134,718 | -5.1% |
| Land and buildings | 22 | €2,356,347 | €2,248,312 | -€108,036 | -4.6% |
| Plant, machinery and equipment | 23 | €1,431 | €974 | -€457 | -31.9% |
| Leasing and similar rights | 25 | €261,531 | €235,306 | -€26,225 | -10.0% |
| Current assets | 29/58 | €715,965 | €650,037 | -€65,928 | -9.2% |
| Amounts receivable after more than one year | 29 | €460,560 | €441,674 | -€18,886 | -4.1% |
| Other amounts receivable | 291 | €460,560 | €441,674 | -€18,886 | -4.1% |
| Amounts receivable within one year | 40/41 | €234,198 | €190,520 | -€43,678 | -18.6% |
| Trade receivables | 40 | €7,911 | €17,440 | +€9,529 | +120.5% |
| Other amounts receivable | 41 | €226,287 | €173,080 | -€53,207 | -23.5% |
| Cash at bank and in hand | 54/58 | €16,582 | €17,843 | +€1,261 | +7.6% |
| Deferred charges and accrued income | 490/1 | €4,625 | €0 | -€4,625 | -100.0% |
| Total equity and liabilities | 10/49 | €3,335,274 | €3,134,629 | -€200,645 | -6.0% |
| Equity | 10/15 | €1,072,371 | €1,160,992 | +€88,621 | +8.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,010,398 | €1,099,019 | +€88,621 | +8.8% |
| Distributable reserves | 133 | €1,010,398 | €1,099,019 | +€88,621 | +8.8% |
| Amounts payable | 17/49 | €2,262,903 | €1,973,637 | -€289,266 | -12.8% |
| Amounts payable after more than one year | 17 | €1,919,476 | €1,667,988 | -€251,488 | -13.1% |
| Financial debts | 170/4 | €993,011 | €741,522 | -€251,488 | -25.3% |
| Other amounts payable | 178/9 | €926,466 | €926,466 | = | 0.0% |
| Amounts payable within one year | 42/48 | €343,427 | €305,649 | -€37,778 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €245,898 | €251,488 | +€5,590 | +2.3% |
| Financial debts | 43 | €17,652 | €10,095 | -€7,557 | -42.8% |
| Credit institutions | 430/8 | €17,652 | €10,095 | -€7,557 | -42.8% |
| Trade debts | 44 | €68,381 | €9,238 | -€59,143 | -86.5% |
| Suppliers | 440/4 | €68,381 | €9,238 | -€59,143 | -86.5% |
| Taxes, remuneration and social security | 45 | €11,496 | €19,291 | +€7,795 | +67.8% |
| Taxes | 450/3 | €11,496 | €19,291 | +€7,795 | +67.8% |
| Other amounts payable | 47/48 | - | €15,536 | +€15,536 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,121 | €134,718 | -€403 | -0.3% |
| Other operating charges | 640/8 | €26,667 | €34,418 | +€7,751 | +29.1% |
| Gross operating margin | 9900 | €295,968 | €304,575 | +€8,608 | +2.9% |
| Operating profit (loss) | 9901 | €134,180 | €135,440 | +€1,260 | +0.9% |
| Financial income | 75/76B | €9,169 | €22,937 | +€13,768 | +150.2% |
| Recurring financial income | 75 | €9,169 | €22,937 | +€13,768 | +150.2% |
| Financial charges | 65/66B | €49,506 | €28,166 | -€21,340 | -43.1% |
| Recurring financial charges | 65 | €49,506 | €28,166 | -€21,340 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €93,843 | €130,211 | +€36,369 | +38.8% |
| Income taxes | 67/77 | €28,752 | €41,590 | +€12,837 | +44.6% |
| Profit (loss) for the period | 9904 | €65,090 | €88,621 | +€23,531 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,090 | €88,621 | +€23,531 | +36.2% |
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 4 October 2026 via checked.be.