BOVICARE: 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.
BOVICARE
Largest movements
- Cash +€23,642
up €23,642 (+115%), from €20,596 to €44,238
mainly Net result for the year (+€21,649) and Depreciation (+€8,862)
- Receivables within one year +€2,286
up €2,286 (+34.2%), from €6,689 to €8,975
of which Trade receivables: +€2,286
- Tangible fixed assets -€1,624
down €1,624 (-16.2%), from €9,997 to €8,372
of which Furniture and vehicles: -€1,463
- Reserves +€21,649
up €21,649 (+94.8%), from €22,827 to €44,477
- Tax, wage and social debts +€1,808
up €1,808 (+62.1%), from €2,911 to €4,718
of which Taxes: +€1,808
- Trade debts +€757
up €757 (+41.4%), from €1,829 to €2,587
- Gross operating margin +€26,140
up €26,140 (+235%), from €11,135 to €37,275
- Taxes +€4,924
up €4,924 (+631%), from €780 to €5,704
- Depreciation +€1,687
up €1,687 (+23.5%), from €7,175 to €8,862
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 | €39,599 | €63,814 | +€24,215 | +61.1% |
| Fixed assets | 21/28 | €9,997 | €8,372 | -€1,624 | -16.2% |
| Tangible fixed assets | 22/27 | €9,997 | €8,372 | -€1,624 | -16.2% |
| Plant, machinery and equipment | 23 | €488 | €327 | -€161 | -33.0% |
| Furniture and vehicles | 24 | €9,509 | €8,045 | -€1,463 | -15.4% |
| Current assets | 29/58 | €29,602 | €55,441 | +€25,839 | +87.3% |
| Amounts receivable within one year | 40/41 | €6,689 | €8,975 | +€2,286 | +34.2% |
| Trade receivables | 40 | €5,989 | €8,275 | +€2,286 | +38.2% |
| Other amounts receivable | 41 | €700 | €700 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,596 | €44,238 | +€23,642 | +115% |
| Deferred charges and accrued income | 490/1 | €2,317 | €2,228 | -€89 | -3.8% |
| Total equity and liabilities | 10/49 | €39,599 | €63,814 | +€24,215 | +61.1% |
| Equity | 10/15 | €32,827 | €54,477 | +€21,649 | +66.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €22,827 | €44,477 | +€21,649 | +94.8% |
| Distributable reserves | 133 | €22,827 | €44,477 | +€21,649 | +94.8% |
| Amounts payable | 17/49 | €6,772 | €9,337 | +€2,565 | +37.9% |
| Amounts payable within one year | 42/48 | €5,772 | €8,337 | +€2,565 | +44.4% |
| Trade debts | 44 | €1,829 | €2,587 | +€757 | +41.4% |
| Suppliers | 440/4 | €1,829 | €2,587 | +€757 | +41.4% |
| Taxes, remuneration and social security | 45 | €2,911 | €4,718 | +€1,808 | +62.1% |
| Taxes | 450/3 | €911 | €2,718 | +€1,808 | +199% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €1,032 | €1,032 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,175 | €8,862 | +€1,687 | +23.5% |
| Other operating charges | 640/8 | €809 | €959 | +€150 | +18.6% |
| Non-recurring operating charges | 66A | - | €355 | +€355 | |
| Gross operating margin | 9900 | €11,135 | €37,275 | +€26,140 | +235% |
| Operating profit (loss) | 9901 | €3,152 | €27,099 | +€23,947 | +760% |
| Financial income | 75/76B | €245 | €367 | +€121 | +49.3% |
| Recurring financial income | 75 | €245 | €367 | +€121 | +49.3% |
| Financial charges | 65/66B | €113 | €112 | -€1 | -0.4% |
| Recurring financial charges | 65 | €113 | €112 | -€1 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €3,284 | €27,353 | +€24,069 | +733% |
| Income taxes | 67/77 | €780 | €5,704 | +€4,924 | +631% |
| Profit (loss) for the period | 9904 | €2,504 | €21,649 | +€19,145 | +764% |
| Profit (loss) for the period to be appropriated | 9905 | €2,504 | €21,649 | +€19,145 | +764% |
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 16 October 2026 via checked.be.