BOVIVET: 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.
BOVIVET
Largest movements
- Cash -€94,071
down €94,071 (-91.9%), from €102,347 to €8,276
mainly Contributions, distributions and other (-€297,348) and Receivables within one year (-€49,731)
- Receivables within one year +€49,731
up €49,731 (+171%), from €29,000 to €78,731
of which Trade receivables: +€49,138
- Current investments -€4,742
down €4,742 (-13.3%), from €35,718 to €30,976
- Reserves -€167,325
down €167,325 (-83.7%), from €199,943 to €32,617
of which Distributable reserves: -€167,325
- Other debts +€132,902
up €132,902 (+1,616%), from €8,224 to €141,127
- Tax, wage and social debts -€13,282
down €13,282 (-67.7%), from €19,627 to €6,345
- Gross operating margin +€19,123
up €19,123 (+12.7%), from €150,160 to €169,283
- Financial income +€4,730
up €4,730 (+4,252%), from €111 to €4,841
- Taxes +€4,359
up €4,359 (+11.8%), from €37,065 to €41,424
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 | €248,729 | €199,400 | -€49,328 | -19.8% |
| Fixed assets | 21/28 | €80,669 | €80,423 | -€246 | -0.3% |
| Tangible fixed assets | 22/27 | €1,215 | €968 | -€246 | -20.3% |
| Plant, machinery and equipment | 23 | €1,104 | €968 | -€136 | -12.3% |
| Furniture and vehicles | 24 | €111 | - | -€111 | |
| Financial fixed assets | 28 | €79,454 | €79,454 | = | 0.0% |
| Current assets | 29/58 | €168,059 | €118,977 | -€49,082 | -29.2% |
| Amounts receivable within one year | 40/41 | €29,000 | €78,731 | +€49,731 | +171% |
| Trade receivables | 40 | €29,000 | €78,138 | +€49,138 | +169% |
| Other amounts receivable | 41 | - | €593 | +€593 | |
| Current investments | 50/53 | €35,718 | €30,976 | -€4,742 | -13.3% |
| Cash at bank and in hand | 54/58 | €102,347 | €8,276 | -€94,071 | -91.9% |
| Deferred charges and accrued income | 490/1 | €994 | €994 | = | 0.0% |
| Total equity and liabilities | 10/49 | €248,729 | €199,400 | -€49,328 | -19.8% |
| Equity | 10/15 | €218,543 | €51,217 | -€167,325 | -76.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €199,943 | €32,617 | -€167,325 | -83.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €198,083 | €30,757 | -€167,325 | -84.5% |
| Amounts payable | 17/49 | €30,186 | €148,183 | +€117,997 | +391% |
| Amounts payable within one year | 42/48 | €27,851 | €147,471 | +€119,620 | +429% |
| Taxes, remuneration and social security | 45 | €19,627 | €6,345 | -€13,282 | -67.7% |
| Taxes | 450/3 | €19,627 | €6,345 | -€13,282 | -67.7% |
| Other amounts payable | 47/48 | €8,224 | €141,127 | +€132,902 | +1,616% |
| Accrued charges and deferred income | 492/3 | €2,335 | €712 | -€1,623 | -69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,311 | €1,477 | +€165 | +12.6% |
| Other operating charges | 640/8 | €456 | €412 | -€44 | -9.7% |
| Gross operating margin | 9900 | €150,160 | €169,283 | +€19,123 | +12.7% |
| Operating profit (loss) | 9901 | €148,392 | €167,394 | +€19,002 | +12.8% |
| Financial income | 75/76B | €111 | €4,841 | +€4,730 | +4,252% |
| Recurring financial income | 75 | €111 | €4,841 | +€4,730 | +4,252% |
| Financial charges | 65/66B | €681 | €789 | +€108 | +15.8% |
| Recurring financial charges | 65 | €681 | €789 | +€108 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €147,822 | €171,446 | +€23,624 | +16.0% |
| Income taxes | 67/77 | €37,065 | €41,424 | +€4,359 | +11.8% |
| Profit (loss) for the period | 9904 | €110,757 | €130,022 | +€19,265 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €110,757 | €130,022 | +€19,265 | +17.4% |
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 17 October 2026 via checked.be.