BOVINKO: 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.
What changed
BOVINKO
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€132,814
2024 · €115,845+€16,968
Equity
€777,158
2024 · €645,177+€131,981
Cash
€394,023
2024 · €268,737+€125,285
Balance sheet total
€812,391
2024 · €677,752+€134,639
Largest movements
Assets
- Cash +€125,285
up €125,285 (+46.6%), from €268,737 to €394,023
mainly Net result for the year (+€132,814) and Tax, wage and social debts (+€7,715)
Equity and liabilities
- Profit (loss) carried forward +€131,981
up €131,981 (+21.2%), from €623,177 to €755,158
Income statement
- Gross operating margin +€27,239
up €27,239 (+17.0%), from €160,076 to €187,315
- Taxes +€6,613
up €6,613 (+15.5%), from €42,624 to €49,237
- Financial income -€3,837
down €3,837 (-71.6%), from €5,357 to €1,520
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.
Result 2024
€115,845
Gross operating margin
+€27,239
Depreciation
-€559
Other operating charges
+€662
Financial income
-€3,837
Financial charges
+€76
Taxes
-€6,613
Result 2025
€132,814
raises the resultlowers the result
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.
From operations
+€139,147
Investment
-€8,028
Financing
-€5,833
Cash 2024
€268,737
From operations (derived)
+€139,147
Net result for the year
+€132,814
Depreciation
+€5,151
Receivables within one year
-€6,429
Smaller working-capital items
-€35
Trade debts
-€672
Tax, wage and social debts
+€7,715
Other debts
+€603
Investment (derived)
-€8,028
Investment in fixed assets (net)
-€8,028
Financing
-€5,833
Debts after one year
-€5,000
Contributions, distributions and other
-€833
Cash 2025
€394,023
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €677,752 | €812,391 | +€134,639 | +19.9% |
| Fixed assets | 21/28 | €351,450 | €354,327 | +€2,878 | +0.8% |
| Tangible fixed assets | 22/27 | €151,450 | €154,327 | +€2,878 | +1.9% |
| Land and buildings | 22 | €148,830 | €144,330 | -€4,500 | -3.0% |
| Furniture and vehicles | 24 | €2,620 | €9,997 | +€7,378 | +282% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €326,303 | €458,064 | +€131,762 | +40.4% |
| Amounts receivable within one year | 40/41 | €53,782 | €60,211 | +€6,429 | +12.0% |
| Trade receivables | 40 | €49,782 | €59,411 | +€9,629 | +19.3% |
| Other amounts receivable | 41 | €4,000 | €800 | -€3,200 | -80.0% |
| Cash at bank and in hand | 54/58 | €268,737 | €394,023 | +€125,285 | +46.6% |
| Deferred charges and accrued income | 490/1 | €3,783 | €3,830 | +€48 | +1.3% |
| Total equity and liabilities | 10/49 | €677,752 | €812,391 | +€134,639 | +19.9% |
| Equity | 10/15 | €645,177 | €777,158 | +€131,981 | +20.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €623,177 | €755,158 | +€131,981 | +21.2% |
| Amounts payable | 17/49 | €32,575 | €35,234 | +€2,658 | +8.2% |
| Amounts payable after more than one year | 17 | €7,500 | €2,500 | -€5,000 | -66.7% |
| Financial debts | 170/4 | €7,500 | €2,500 | -€5,000 | -66.7% |
| Amounts payable within one year | 42/48 | €24,688 | €32,334 | +€7,646 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €2,641 | €1,969 | -€672 | -25.4% |
| Suppliers | 440/4 | €2,641 | €1,969 | -€672 | -25.4% |
| Taxes, remuneration and social security | 45 | €9,474 | €17,190 | +€7,715 | +81.4% |
| Taxes | 450/3 | €7,474 | €14,190 | +€6,715 | +89.8% |
| Remuneration and social security | 454/9 | €2,000 | €3,000 | +€1,000 | +50.0% |
| Other amounts payable | 47/48 | €7,573 | €8,176 | +€603 | +8.0% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,591 | €5,151 | +€559 | +12.2% |
| Other operating charges | 640/8 | €1,945 | €1,282 | -€662 | -34.1% |
| Gross operating margin | 9900 | €160,076 | €187,315 | +€27,239 | +17.0% |
| Operating profit (loss) | 9901 | €153,540 | €180,882 | +€27,342 | +17.8% |
| Financial income | 75/76B | €5,357 | €1,520 | -€3,837 | -71.6% |
| Recurring financial income | 75 | €5,357 | €1,520 | -€3,837 | -71.6% |
| Financial charges | 65/66B | €427 | €351 | -€76 | -17.8% |
| Recurring financial charges | 65 | €427 | €351 | -€76 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €158,470 | €182,051 | +€23,581 | +14.9% |
| Income taxes | 67/77 | €42,624 | €49,237 | +€6,613 | +15.5% |
| Profit (loss) for the period | 9904 | €115,845 | €132,814 | +€16,968 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €115,845 | €132,814 | +€16,968 | +14.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.