BOVYN: 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.
BOVYN
Largest movements
- Cash +€45,680
up €45,680 (+197.5%), from €23,134 to €68,814
mainly Other debts (+€47,749) and Net result for the year (+€28,109)
- Receivables within one year -€9,416
down €9,416 (-57.8%), from €16,300 to €6,884
of which Trade receivables: -€9,416
- Tangible fixed assets -€2,158
down €2,158 (-23.2%), from €9,308 to €7,150
of which Furniture and vehicles: -€1,954
- Other debts +€47,749
up €47,749 (+4564.5%), from €1,046 to €48,795
- Profit (loss) carried forward -€21,891
down €21,891 (-89.6%), from €24,424 to €2,533
- Tax, wage and social debts +€8,224
up €8,224 (+40.6%), from €20,271 to €28,495
of which Taxes: +€15,724
- Gross operating margin +€24,544
up €24,544 (+88.5%), from €27,725 to €52,269
- Turnover +€19,187
up €19,187 (+16.2%), from €118,544 to €137,731
- Taxes +€12,659
up €12,659 (+185.6%), from €6,820 to €19,478
- Purchases and services -€5,536
down €5,536 (-5.3%), from €103,976 to €98,439
- Depreciation +€1,542
up €1,542 (+79.6%), from €1,938 to €3,480
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.
Cash bridge derived
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 | €48,742 | €83,250 | +€34,508 | +70.8% |
| Fixed assets | 21/28 | €9,308 | €7,150 | -€2,158 | -23.2% |
| Tangible fixed assets | 22/27 | €9,308 | €7,150 | -€2,158 | -23.2% |
| Plant, machinery and equipment | 23 | €2,028 | €1,823 | -€205 | -10.1% |
| Furniture and vehicles | 24 | €7,280 | €5,327 | -€1,954 | -26.8% |
| Current assets | 29/58 | €39,434 | €76,100 | +€36,666 | +93.0% |
| Amounts receivable within one year | 40/41 | €16,300 | €6,884 | -€9,416 | -57.8% |
| Trade receivables | 40 | €16,212 | €6,796 | -€9,416 | -58.1% |
| Other amounts receivable | 41 | €88 | €88 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,134 | €68,814 | +€45,680 | +197.5% |
| Deferred charges and accrued income | 490/1 | - | €402 | +€402 | |
| Total equity and liabilities | 10/49 | €48,742 | €83,250 | +€34,508 | +70.8% |
| Equity | 10/15 | €27,424 | €5,533 | -€21,891 | -79.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,424 | €2,533 | -€21,891 | -89.6% |
| Amounts payable | 17/49 | €21,317 | €77,717 | +€56,399 | +264.6% |
| Amounts payable within one year | 42/48 | €21,317 | €77,717 | +€56,399 | +264.6% |
| Trade debts | 44 | - | €427 | +€427 | |
| Suppliers | 440/4 | - | €427 | +€427 | |
| Taxes, remuneration and social security | 45 | €20,271 | €28,495 | +€8,224 | +40.6% |
| Taxes | 450/3 | €12,771 | €28,495 | +€15,724 | +123.1% |
| Remuneration and social security | 454/9 | €7,500 | - | -€7,500 | |
| Other amounts payable | 47/48 | €1,046 | €48,795 | +€47,749 | +4564.5% |
| Turnover | 70 | €118,544 | €137,731 | +€19,187 | +16.2% |
| Non-recurring operating income | 76A | €13,157 | €12,978 | -€179 | -1.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €103,976 | €98,439 | -€5,536 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,938 | €3,480 | +€1,542 | +79.6% |
| Other operating charges | 640/8 | €657 | €1,168 | +€511 | +77.9% |
| Gross operating margin | 9900 | €27,725 | €52,269 | +€24,544 | +88.5% |
| Operating profit (loss) | 9901 | €25,130 | €47,621 | +€22,491 | +89.5% |
| Financial income | 75/76B | €5 | €12 | +€7 | +135.5% |
| Recurring financial income | 75 | €5 | €12 | +€7 | +135.5% |
| Financial charges | 65/66B | €55 | €45 | -€10 | -17.7% |
| Recurring financial charges | 65 | €55 | €45 | -€10 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €25,080 | €47,587 | +€22,507 | +89.7% |
| Income taxes | 67/77 | €6,820 | €19,478 | +€12,659 | +185.6% |
| Profit (loss) for the period | 9904 | €18,260 | €28,109 | +€9,848 | +53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,260 | €28,109 | +€9,848 | +53.9% |
Source: filed annual accounts (NBB), fiscal 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 October 2026 via checked.be.