BOVICOM: 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.
BOVICOM
Largest movements
- Receivables within one year +€441,861
up €441,861 (+460%), from €96,160 to €538,020
of which Trade receivables: +€456,882
- Deferred charges and accrued income -€128,949
down €128,949 (-6.0%), from €2.1m to €2.0m
- Other debts +€507,452
up €507,452 (+41.6%), from €1.2m to €1.7m
- Debts after one year -€131,768
down €131,768 (-24.9%), from €529,464 to €397,697
- Current portion of long-term debt -€56,604
down €56,604 (-80.9%), from €70,000 to €13,396
- Trade debts -€41,915
down €41,915 (-13.4%), from €312,302 to €270,386
- Accrued charges and deferred income +€26,719
up €26,719, from €0 to €26,719
- Staff costs +€139,178
up €139,178 (+515%), from €27,027 to €166,205
- Gross operating margin +€124,392
up €124,392 (+213%), from €58,503 to €182,895
- Taxes -€3,925
down €3,925 (-64.1%), from €6,121 to €2,196
- Financial income -€2,105
down €2,105 (-96.5%), from €2,182 to €77
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 | €2,251,018 | €2,553,433 | +€302,415 | +13.4% |
| Fixed assets | 21/28 | €5,669 | €2,417 | -€3,251 | -57.4% |
| Intangible fixed assets | 21 | €5,669 | €2,417 | -€3,251 | -57.4% |
| Current assets | 29/58 | €2,245,349 | €2,551,016 | +€305,667 | +13.6% |
| Amounts receivable within one year | 40/41 | €96,160 | €538,020 | +€441,861 | +460% |
| Trade receivables | 40 | €75,628 | €532,509 | +€456,882 | +604% |
| Other amounts receivable | 41 | €20,532 | €5,511 | -€15,021 | -73.2% |
| Cash at bank and in hand | 54/58 | €11,206 | €3,960 | -€7,245 | -64.7% |
| Deferred charges and accrued income | 490/1 | €2,137,984 | €2,009,035 | -€128,949 | -6.0% |
| Total equity and liabilities | 10/49 | €2,251,018 | €2,553,433 | +€302,415 | +13.4% |
| Equity | 10/15 | €95,998 | €101,717 | +€5,718 | +6.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,938 | €93,657 | +€5,718 | +6.5% |
| Amounts payable | 17/49 | €2,155,020 | €2,451,716 | +€296,697 | +13.8% |
| Amounts payable after more than one year | 17 | €529,464 | €397,697 | -€131,768 | -24.9% |
| Financial debts | 170/4 | €529,464 | €397,697 | -€131,768 | -24.9% |
| Amounts payable within one year | 42/48 | €1,625,555 | €2,027,300 | +€401,745 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €70,000 | €13,396 | -€56,604 | -80.9% |
| Financial debts | 43 | €1,400 | €1,317 | -€83 | -5.9% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €1,400 | €1,317 | -€83 | -5.9% |
| Trade debts | 44 | €312,302 | €270,386 | -€41,915 | -13.4% |
| Suppliers | 440/4 | €312,302 | €270,386 | -€41,915 | -13.4% |
| Taxes, remuneration and social security | 45 | €21,579 | €14,474 | -€7,105 | -32.9% |
| Taxes | 450/3 | €9,836 | €9,884 | +€48 | +0.5% |
| Remuneration and social security | 454/9 | €11,743 | €4,590 | -€7,153 | -60.9% |
| Other amounts payable | 47/48 | €1,220,274 | €1,727,726 | +€507,452 | +41.6% |
| Accrued charges and deferred income | 492/3 | €0 | €26,719 | +€26,719 | |
| Remuneration, social security and pensions | 62 | €27,027 | €166,205 | +€139,178 | +515% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,251 | €3,251 | = | 0.0% |
| Other operating charges | 640/8 | €1,279 | €251 | -€1,029 | -80.4% |
| Gross operating margin | 9900 | €58,503 | €182,895 | +€124,392 | +213% |
| Operating profit (loss) | 9901 | €26,945 | €13,189 | -€13,757 | -51.1% |
| Financial income | 75/76B | €2,182 | €77 | -€2,105 | -96.5% |
| Recurring financial income | 75 | €2,182 | €77 | -€2,105 | -96.5% |
| Financial charges | 65/66B | €7,015 | €5,351 | -€1,663 | -23.7% |
| Recurring financial charges | 65 | €7,015 | €5,351 | -€1,663 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €22,112 | €7,915 | -€14,198 | -64.2% |
| Income taxes | 67/77 | €6,121 | €2,196 | -€3,925 | -64.1% |
| Profit (loss) for the period | 9904 | €15,991 | €5,718 | -€10,273 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,991 | €5,718 | -€10,273 | -64.2% |
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 19 October 2026 via checked.be.