IMMO BOVO: 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.
IMMO BOVO
Largest movements
- Tangible fixed assets -€10,055
down €10,055 (-5.0%), from €199,388 to €189,333
- Cash -€3,125
down €3,125 (-81.9%), from €3,814 to €689
mainly Debts after one year (-€17,137) and Provisions (-€2,500)
- Debts after one year -€17,137
down €17,137 (-70.1%), from €24,433 to €7,295
- Reserves +€5,596
up €5,596 (+6.4%), from €87,995 to €93,591
- Provisions -€2,500
down €2,500 (-100%), from €2,500 to €0
- Gross operating margin -€4,914
down €4,914 (-18.1%), from €27,171 to €22,257
- Provisions -€2,500
new in 2025: -€2,500
- Taxes -€739
down €739 (-20.9%), from €3,540 to €2,801
- Financial charges -€455
down €455 (-26.3%), from €1,733 to €1,278
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 | €237,259 | €222,721 | -€14,538 | -6.1% |
| Fixed assets | 21/28 | €199,388 | €189,333 | -€10,055 | -5.0% |
| Tangible fixed assets | 22/27 | €199,388 | €189,333 | -€10,055 | -5.0% |
| Land and buildings | 22 | €199,388 | €189,333 | -€10,055 | -5.0% |
| Current assets | 29/58 | €37,871 | €33,389 | -€4,483 | -11.8% |
| Amounts receivable within one year | 40/41 | €33,700 | €32,700 | -€1,000 | -3.0% |
| Other amounts receivable | 41 | €33,700 | €32,700 | -€1,000 | -3.0% |
| Cash at bank and in hand | 54/58 | €3,814 | €689 | -€3,125 | -81.9% |
| Deferred charges and accrued income | 490/1 | €357 | €0 | -€357 | -100% |
| Total equity and liabilities | 10/49 | €237,259 | €222,721 | -€14,538 | -6.1% |
| Equity | 10/15 | €106,587 | €112,183 | +€5,596 | +5.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €87,995 | €93,591 | +€5,596 | +6.4% |
| Distributable reserves | 133 | €87,995 | €93,591 | +€5,596 | +6.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €2,500 | €0 | -€2,500 | -100% |
| Provisions for liabilities and charges | 160/5 | €2,500 | €0 | -€2,500 | -100% |
| Environmental obligations | 163 | €2,500 | €0 | -€2,500 | -100% |
| Amounts payable | 17/49 | €128,172 | €110,538 | -€17,634 | -13.8% |
| Amounts payable after more than one year | 17 | €24,433 | €7,295 | -€17,137 | -70.1% |
| Financial debts | 170/4 | €24,433 | €7,295 | -€17,137 | -70.1% |
| Amounts payable within one year | 42/48 | €103,354 | €103,243 | -€111 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €16,626 | €17,137 | +€512 | +3.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €78 | €81 | +€2 | +3.2% |
| Suppliers | 440/4 | €78 | €81 | +€2 | +3.2% |
| Taxes, remuneration and social security | 45 | €6,966 | €6,341 | -€625 | -9.0% |
| Taxes | 450/3 | €6,966 | €6,341 | -€625 | -9.0% |
| Other amounts payable | 47/48 | €79,684 | €79,684 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €386 | €0 | -€386 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,055 | €10,055 | +€0 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€2,500 | -€2,500 | |
| Other operating charges | 640/8 | €4,929 | €5,026 | +€98 | +2.0% |
| Gross operating margin | 9900 | €27,171 | €22,257 | -€4,914 | -18.1% |
| Operating profit (loss) | 9901 | €12,187 | €9,675 | -€2,512 | -20.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,733 | €1,278 | -€455 | -26.3% |
| Recurring financial charges | 65 | €1,733 | €1,278 | -€455 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €10,454 | €8,397 | -€2,057 | -19.7% |
| Income taxes | 67/77 | €3,540 | €2,801 | -€739 | -20.9% |
| Profit (loss) for the period | 9904 | €6,914 | €5,596 | -€1,317 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,914 | €5,596 | -€1,317 | -19.1% |
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 20 October 2026 via checked.be.