Bovitom: 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.
Bovitom
Largest movements
- Current investments -€125,000
down €125,000 (-100.0%), from €125,000 to €0
- Receivables within one year +€48,284
up €48,284 (+173.5%), from €27,825 to €76,108
of which Trade receivables: +€48,048
- Cash +€17,789
up €17,789 (+46.7%), from €38,099 to €55,888
mainly Current investments (+€125,000) and Net result for the year (+€120,762)
- Tangible fixed assets +€12,726
new in 2025: €12,726
- Debts after one year -€80,612
down €80,612 (-52.6%), from €153,349 to €72,738
- Other debts +€57,370
up €57,370, from €0 to €57,370
- Reserves -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Trade debts -€2,728
down €2,728 (-92.1%), from €2,961 to €233
- Gross operating margin +€52,378
up €52,378 (+48.3%), from €108,504 to €160,882
- Taxes +€11,400
up €11,400 (+44.2%), from €25,800 to €37,200
- Depreciation +€3,133
new in 2025: €3,133
- Financial income -€1,831
down €1,831 (-55.7%), from €3,285 to €1,454
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 | €194,524 | €146,462 | -€48,061 | -24.7% |
| Fixed assets | 21/28 | €900 | €13,626 | +€12,726 | +1414.0% |
| Tangible fixed assets | 22/27 | - | €12,726 | +€12,726 | |
| Furniture and vehicles | 24 | - | €12,726 | +€12,726 | |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €193,624 | €132,837 | -€60,787 | -31.4% |
| Amounts receivable within one year | 40/41 | €27,825 | €76,108 | +€48,284 | +173.5% |
| Trade receivables | 40 | €26,550 | €74,598 | +€48,048 | +181.0% |
| Other amounts receivable | 41 | €1,275 | €1,511 | +€236 | +18.5% |
| Current investments | 50/53 | €125,000 | €0 | -€125,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €38,099 | €55,888 | +€17,789 | +46.7% |
| Deferred charges and accrued income | 490/1 | €2,701 | €841 | -€1,860 | -68.9% |
| Total equity and liabilities | 10/49 | €194,524 | €146,462 | -€48,061 | -24.7% |
| Equity | 10/15 | €25,609 | €5,000 | -€20,609 | -80.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €0 | -€20,000 | -100.0% |
| Distributable reserves | 133 | €20,000 | €0 | -€20,000 | -100.0% |
| Profit (loss) carried forward | 14 | €609 | €0 | -€609 | -100.0% |
| Amounts payable | 17/49 | €168,915 | €141,462 | -€27,453 | -16.3% |
| Amounts payable after more than one year | 17 | €153,349 | €72,738 | -€80,612 | -52.6% |
| Other amounts payable | 178/9 | €153,349 | €72,738 | -€80,612 | -52.6% |
| Amounts payable within one year | 42/48 | €15,566 | €68,725 | +€53,159 | +341.5% |
| Trade debts | 44 | €2,961 | €233 | -€2,728 | -92.1% |
| Suppliers | 440/4 | €2,961 | €233 | -€2,728 | -92.1% |
| Taxes, remuneration and social security | 45 | €12,605 | €11,122 | -€1,484 | -11.8% |
| Taxes | 450/3 | €12,605 | €11,122 | -€1,484 | -11.8% |
| Other amounts payable | 47/48 | €0 | €57,370 | +€57,370 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,133 | +€3,133 | |
| Other operating charges | 640/8 | €1,000 | €1,025 | +€26 | +2.6% |
| Gross operating margin | 9900 | €108,504 | €160,882 | +€52,378 | +48.3% |
| Operating profit (loss) | 9901 | €107,504 | €156,723 | +€49,219 | +45.8% |
| Financial income | 75/76B | €3,285 | €1,454 | -€1,831 | -55.7% |
| Recurring financial income | 75 | €3,285 | €1,454 | -€1,831 | -55.7% |
| Financial charges | 65/66B | €545 | €215 | -€330 | -60.5% |
| Recurring financial charges | 65 | €545 | €215 | -€330 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €110,244 | €157,962 | +€47,718 | +43.3% |
| Income taxes | 67/77 | €25,800 | €37,200 | +€11,400 | +44.2% |
| Profit (loss) for the period | 9904 | €84,443 | €120,762 | +€36,318 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,443 | €120,762 | +€36,318 | +43.0% |
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 3 October 2026 via checked.be.