GROUP BOVIJN: 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.
GROUP BOVIJN
Largest movements
- Cash +€51,297
up €51,297 (+37.4%), from €137,010 to €188,307
mainly Net result for the year (+€42,096) and Receivables within one year (+€17,649)
- Receivables within one year -€17,649
down €17,649 (-16.5%), from €107,101 to €89,452
of which Other amounts receivable: -€29,459
- Tangible fixed assets -€14,319
down €14,319 (-4.9%), from €289,841 to €275,522
of which Land and buildings: -€11,371
- Current investments +€12,000
up €12,000 (+92.3%), from €13,000 to €25,000
- Reserves +€38,896
up €38,896 (+23.0%), from €168,994 to €207,890
of which Distributable reserves: +€38,896
- Debts after one year -€23,495
down €23,495 (-10.3%), from €227,273 to €203,778
- Other debts +€7,476
up €7,476 (+9.1%), from €82,343 to €89,819
- Tax, wage and social debts +€6,567
up €6,567 (+25.9%), from €25,370 to €31,937
of which Taxes: +€7,220
- Depreciation -€3,594
down €3,594 (-20.1%), from €17,913 to €14,319
- Staff costs +€2,923
up €2,923 (+6.2%), from €46,788 to €49,711
- Gross operating margin -€2,893
down €2,893 (-2.2%), from €129,776 to €126,883
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 | €554,214 | €582,694 | +€28,480 | +5.1% |
| Fixed assets | 21/28 | €289,841 | €275,522 | -€14,319 | -4.9% |
| Tangible fixed assets | 22/27 | €289,841 | €275,522 | -€14,319 | -4.9% |
| Land and buildings | 22 | €242,737 | €231,367 | -€11,371 | -4.7% |
| Furniture and vehicles | 24 | €93 | - | -€93 | |
| Other tangible fixed assets | 26 | €47,011 | €44,156 | -€2,855 | -6.1% |
| Current assets | 29/58 | €264,373 | €307,172 | +€42,799 | +16.2% |
| Amounts receivable within one year | 40/41 | €107,101 | €89,452 | -€17,649 | -16.5% |
| Trade receivables | 40 | €14,291 | €26,101 | +€11,810 | +82.6% |
| Other amounts receivable | 41 | €92,810 | €63,352 | -€29,459 | -31.7% |
| Current investments | 50/53 | €13,000 | €25,000 | +€12,000 | +92.3% |
| Cash at bank and in hand | 54/58 | €137,010 | €188,307 | +€51,297 | +37.4% |
| Deferred charges and accrued income | 490/1 | €7,261 | €4,412 | -€2,849 | -39.2% |
| Total equity and liabilities | 10/49 | €554,214 | €582,694 | +€28,480 | +5.1% |
| Equity | 10/15 | €188,994 | €227,890 | +€38,896 | +20.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €168,994 | €207,890 | +€38,896 | +23.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €163,994 | €202,890 | +€38,896 | +23.7% |
| Amounts payable | 17/49 | €365,220 | €354,804 | -€10,416 | -2.9% |
| Amounts payable after more than one year | 17 | €227,273 | €203,778 | -€23,495 | -10.3% |
| Financial debts | 170/4 | €227,273 | €203,778 | -€23,495 | -10.3% |
| Amounts payable within one year | 42/48 | €137,683 | €151,026 | +€13,343 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €23,066 | €23,495 | +€429 | +1.9% |
| Trade debts | 44 | €6,904 | €3,637 | -€3,267 | -47.3% |
| Suppliers | 440/4 | €6,904 | €3,637 | -€3,267 | -47.3% |
| Advances received on contracts in progress | 46 | - | €2,138 | +€2,138 | |
| Taxes, remuneration and social security | 45 | €25,370 | €31,937 | +€6,567 | +25.9% |
| Taxes | 450/3 | €14,844 | €22,064 | +€7,220 | +48.6% |
| Remuneration and social security | 454/9 | €10,526 | €9,873 | -€653 | -6.2% |
| Other amounts payable | 47/48 | €82,343 | €89,819 | +€7,476 | +9.1% |
| Accrued charges and deferred income | 492/3 | €264 | - | -€264 | |
| Remuneration, social security and pensions | 62 | €46,788 | €49,711 | +€2,923 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,913 | €14,319 | -€3,594 | -20.1% |
| Other operating charges | 640/8 | €2,360 | €2,436 | +€75 | +3.2% |
| Gross operating margin | 9900 | €129,776 | €126,883 | -€2,893 | -2.2% |
| Operating profit (loss) | 9901 | €62,715 | €60,418 | -€2,296 | -3.7% |
| Financial income | 75/76B | €6,376 | €6,429 | +€52 | +0.8% |
| Recurring financial income | 75 | €6,376 | €6,429 | +€52 | +0.8% |
| Financial charges | 65/66B | €13,361 | €13,329 | -€32 | -0.2% |
| Recurring financial charges | 65 | €13,361 | €13,329 | -€32 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €55,730 | €53,518 | -€2,212 | -4.0% |
| Income taxes | 67/77 | €11,831 | €11,422 | -€409 | -3.5% |
| Profit (loss) for the period | 9904 | €43,899 | €42,096 | -€1,803 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,899 | €42,096 | -€1,803 | -4.1% |
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 8 October 2026 via checked.be.