Bovik: 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.
Bovik
Largest movements
- Tangible fixed assets -€9,859
down €9,859 (-32.3%), from €30,482 to €20,623
of which Plant, machinery and equipment: -€7,130
- Cash +€7,605
up €7,605 (+9.5%), from €80,242 to €87,847
mainly Provisions (+€26,799) and Depreciation (+€10,933)
- Receivables within one year +€4,937
up €4,937 (+97.1%), from €5,084 to €10,021
of which Trade receivables: +€3,361
- Provisions +€26,799
new in 2025: €26,799
- Reserves -€22,055
down €22,055 (-20.8%), from €106,193 to €84,138
- Other debts +€1,665
up €1,665 (+153.8%), from €1,083 to €2,748
- Tax, wage and social debts -€1,550
down €1,550 (-44.9%), from €3,449 to €1,899
of which Taxes: -€1,496
- Trade debts -€1,352
down €1,352 (-34.3%), from €3,943 to €2,591
- Provisions +€26,799
new in 2025: €26,799
- Gross operating margin +€5,906
up €5,906 (+15.0%), from €39,498 to €45,404
- Depreciation -€5,752
down €5,752 (-34.5%), from €16,685 to €10,933
- Taxes +€2,978
up €2,978 (+44.9%), from €6,629 to €9,607
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 | €122,288 | €124,375 | +€2,087 | +1.7% |
| Fixed assets | 21/28 | €30,482 | €20,623 | -€9,859 | -32.3% |
| Tangible fixed assets | 22/27 | €30,482 | €20,623 | -€9,859 | -32.3% |
| Land and buildings | 22 | €1,813 | €1,272 | -€540 | -29.8% |
| Plant, machinery and equipment | 23 | €23,757 | €16,628 | -€7,130 | -30.0% |
| Furniture and vehicles | 24 | €3,297 | €1,395 | -€1,903 | -57.7% |
| Other tangible fixed assets | 26 | €1,615 | €1,328 | -€286 | -17.7% |
| Current assets | 29/58 | €91,805 | €103,752 | +€11,947 | +13.0% |
| Stocks and contracts in progress | 3 | €831 | €775 | -€56 | -6.8% |
| Stocks | 30/36 | €831 | €775 | -€56 | -6.8% |
| Amounts receivable within one year | 40/41 | €5,084 | €10,021 | +€4,937 | +97.1% |
| Trade receivables | 40 | €5,053 | €8,414 | +€3,361 | +66.5% |
| Other amounts receivable | 41 | €31 | €1,608 | +€1,576 | +5054.1% |
| Cash at bank and in hand | 54/58 | €80,242 | €87,847 | +€7,605 | +9.5% |
| Deferred charges and accrued income | 490/1 | €5,647 | €5,108 | -€539 | -9.6% |
| Total equity and liabilities | 10/49 | €122,288 | €124,375 | +€2,087 | +1.7% |
| Equity | 10/15 | €112,393 | €90,338 | -€22,055 | -19.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €106,193 | €84,138 | -€22,055 | -20.8% |
| Distributable reserves | 133 | €106,193 | €84,138 | -€22,055 | -20.8% |
| Provisions and deferred taxes | 16 | - | €26,799 | +€26,799 | |
| Provisions for liabilities and charges | 160/5 | - | €26,799 | +€26,799 | |
| Environmental obligations | 163 | - | €26,799 | +€26,799 | |
| Amounts payable | 17/49 | €9,894 | €7,238 | -€2,656 | -26.8% |
| Amounts payable within one year | 42/48 | €9,608 | €7,238 | -€2,370 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €1,134 | - | -€1,134 | |
| Trade debts | 44 | €3,943 | €2,591 | -€1,352 | -34.3% |
| Suppliers | 440/4 | €3,943 | €2,591 | -€1,352 | -34.3% |
| Taxes, remuneration and social security | 45 | €3,449 | €1,899 | -€1,550 | -44.9% |
| Taxes | 450/3 | €2,090 | €594 | -€1,496 | -71.6% |
| Remuneration and social security | 454/9 | €1,359 | €1,305 | -€54 | -4.0% |
| Other amounts payable | 47/48 | €1,083 | €2,748 | +€1,665 | +153.8% |
| Accrued charges and deferred income | 492/3 | €286 | - | -€286 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,685 | €10,933 | -€5,752 | -34.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €26,799 | +€26,799 | |
| Other operating charges | 640/8 | €528 | €908 | +€380 | +72.0% |
| Gross operating margin | 9900 | €39,498 | €45,404 | +€5,906 | +15.0% |
| Operating profit (loss) | 9901 | €22,286 | €6,764 | -€15,522 | -69.6% |
| Financial income | 75/76B | €600 | €647 | +€47 | +7.9% |
| Recurring financial income | 75 | €600 | €647 | +€47 | +7.9% |
| Financial charges | 65/66B | €2,035 | €1,624 | -€410 | -20.2% |
| Recurring financial charges | 65 | €2,035 | €1,624 | -€410 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €20,851 | €5,786 | -€15,064 | -72.2% |
| Income taxes | 67/77 | €6,629 | €9,607 | +€2,978 | +44.9% |
| Profit (loss) for the period | 9904 | €14,222 | -€3,821 | -€18,042 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,222 | -€3,821 | -€18,042 |
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 7 October 2026 via checked.be.