BOVY PIANOS: 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.
BOVY PIANOS
Largest movements
- Receivables after one year +€21,000
new in 2024: €21,000
- Tangible fixed assets -€15,948
down €15,948 (-50.0%), from €31,880 to €15,933
of which Furniture and vehicles: -€11,904
- Cash -€14,410
down €14,410 (-42.9%), from €33,576 to €19,167
mainly Trade debts (-€25,814) and Receivables after one year (-€21,000)
- Receivables within one year +€12,639
up €12,639 (+63.4%), from €19,939 to €32,578
- Stocks and contracts -€12,488
down €12,488 (-16.8%), from €74,191 to €61,703
- Trade debts -€25,814
down €25,814 (-49.0%), from €52,675 to €26,861
- Tax, wage and social debts +€12,300
up €12,300 (+590%), from €2,085 to €14,385
of which Taxes: +€7,885
- Profit (loss) carried forward +€10,078
up €10,078 (+14.2%), from €70,848 to €80,925
- Debts after one year -€3,509
no longer reported in 2024 (was €3,509)
- Current portion of long-term debt -€3,509
down €3,509 (-50.0%), from €7,017 to €3,509
- Purchases and services -€28,529
down €28,529 (-26.9%), from €106,094 to €77,565
- Turnover -€27,295
down €27,295 (-18.4%), from €148,267 to €120,972
- Financial charges -€17,887
down €17,887 (-90.4%), from €19,781 to €1,894
of which Non-recurring financial charges: -€16,794
- Write-downs +€7,115
up €7,115 (+1,456%), from €489 to €7,604
- Gross operating margin +€5,418
up €5,418 (+12.1%), from €44,635 to €50,054
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €161,974 | €151,089 | -€10,885 | -6.7% |
| Fixed assets | 21/28 | €31,880 | €15,933 | -€15,948 | -50.0% |
| Tangible fixed assets | 22/27 | €31,880 | €15,933 | -€15,948 | -50.0% |
| Furniture and vehicles | 24 | €18,831 | €6,927 | -€11,904 | -63.2% |
| Other tangible fixed assets | 26 | €13,049 | €9,005 | -€4,044 | -31.0% |
| Current assets | 29/58 | €130,094 | €135,157 | +€5,063 | +3.9% |
| Amounts receivable after more than one year | 29 | - | €21,000 | +€21,000 | |
| Other amounts receivable | 291 | - | €21,000 | +€21,000 | |
| Stocks and contracts in progress | 3 | €74,191 | €61,703 | -€12,488 | -16.8% |
| Stocks | 30/36 | €74,191 | €61,703 | -€12,488 | -16.8% |
| Amounts receivable within one year | 40/41 | €19,939 | €32,578 | +€12,639 | +63.4% |
| Trade receivables | 40 | €19,939 | €32,578 | +€12,639 | +63.4% |
| Cash at bank and in hand | 54/58 | €33,576 | €19,167 | -€14,410 | -42.9% |
| Deferred charges and accrued income | 490/1 | €2,388 | €710 | -€1,678 | -70.3% |
| Total equity and liabilities | 10/49 | €161,974 | €151,089 | -€10,885 | -6.7% |
| Equity | 10/15 | €93,557 | €103,635 | +€10,078 | +10.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,709 | €2,709 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €709 | €709 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,848 | €80,925 | +€10,078 | +14.2% |
| Amounts payable | 17/49 | €68,418 | €47,455 | -€20,963 | -30.6% |
| Amounts payable after more than one year | 17 | €3,509 | - | -€3,509 | |
| Financial debts | 170/4 | €3,509 | - | -€3,509 | |
| Amounts payable within one year | 42/48 | €64,909 | €47,455 | -€17,454 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €7,017 | €3,509 | -€3,509 | -50.0% |
| Trade debts | 44 | €52,675 | €26,861 | -€25,814 | -49.0% |
| Suppliers | 440/4 | €52,675 | €26,861 | -€25,814 | -49.0% |
| Taxes, remuneration and social security | 45 | €2,085 | €14,385 | +€12,300 | +590% |
| Taxes | 450/3 | €1,498 | €9,383 | +€7,885 | +526% |
| Remuneration and social security | 454/9 | €587 | €5,002 | +€4,415 | +752% |
| Other amounts payable | 47/48 | €3,132 | €2,700 | -€432 | -13.8% |
| Turnover | 70 | €148,267 | €120,972 | -€27,295 | -18.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €106,094 | €77,565 | -€28,529 | -26.9% |
| Remuneration, social security and pensions | 62 | €13,746 | €13,114 | -€632 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,838 | €8,944 | -€894 | -9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €489 | €7,604 | +€7,115 | +1,456% |
| Other operating charges | 640/8 | €240 | €3,279 | +€3,039 | +1,268% |
| Gross operating margin | 9900 | €44,635 | €50,054 | +€5,418 | +12.1% |
| Operating profit (loss) | 9901 | €20,323 | €17,113 | -€3,210 | -15.8% |
| Financial income | 75/76B | €133 | €740 | +€607 | +455% |
| Recurring financial income | 75 | €133 | €740 | +€607 | +455% |
| Financial charges | 65/66B | €19,781 | €1,894 | -€17,887 | -90.4% |
| Recurring financial charges | 65 | €2,987 | €1,894 | -€1,093 | -36.6% |
| Non-recurring financial charges | 66B | €16,794 | - | -€16,794 | |
| Profit (loss) for the period before taxes | 9903 | €676 | €15,960 | +€15,284 | +2,262% |
| Income taxes | 67/77 | €2,533 | €5,882 | +€3,349 | +132% |
| Profit (loss) for the period | 9904 | -€1,858 | €10,078 | +€11,935 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,858 | €10,078 | +€11,935 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.