LA BOVERIE: 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.
LA BOVERIE
Largest movements
- Cash +€227,627
up €227,627 (+19.6%), from €1.2m to €1.4m
mainly Other debts (+€359,802) and Net result for the year (+€133,018)
- Intangible fixed assets -€46,337
no longer reported in 2025 (was €46,337)
- Tangible fixed assets -€36,428
down €36,428 (-19.6%), from €185,553 to €149,126
of which Plant, machinery and equipment: -€28,341
- Stocks and contracts +€23,279
up €23,279 (+11.8%), from €197,827 to €221,106
- Other debts +€359,802
up €359,802 (+36.7%), from €980,502 to €1.3m
- Reserves -€191,500
down €191,500 (-34.6%), from €552,818 to €361,318
of which Distributable reserves: -€191,500
- Trade debts -€23,374
down €23,374 (-31.4%), from €74,340 to €50,966
- Gross operating margin +€14,511
up €14,511 (+2.5%), from €569,290 to €583,801
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 | €1,729,160 | €1,885,636 | +€156,476 | +9.0% |
| Fixed assets | 21/28 | €231,900 | €149,135 | -€82,765 | -35.7% |
| Intangible fixed assets | 21 | €46,337 | - | -€46,337 | |
| Tangible fixed assets | 22/27 | €185,553 | €149,126 | -€36,428 | -19.6% |
| Plant, machinery and equipment | 23 | €157,467 | €129,126 | -€28,341 | -18.0% |
| Furniture and vehicles | 24 | €28,086 | €20,000 | -€8,086 | -28.8% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €1,497,259 | €1,736,500 | +€239,241 | +16.0% |
| Stocks and contracts in progress | 3 | €197,827 | €221,106 | +€23,279 | +11.8% |
| Stocks | 30/36 | €197,827 | €221,106 | +€23,279 | +11.8% |
| Amounts receivable within one year | 40/41 | €126,456 | €115,127 | -€11,329 | -9.0% |
| Trade receivables | 40 | €126,456 | €115,127 | -€11,329 | -9.0% |
| Current investments | 50/53 | €1,551 | €1,551 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,159,987 | €1,387,614 | +€227,627 | +19.6% |
| Deferred charges and accrued income | 490/1 | €11,439 | €11,103 | -€336 | -2.9% |
| Total equity and liabilities | 10/49 | €1,729,160 | €1,885,636 | +€156,476 | +9.0% |
| Equity | 10/15 | €621,921 | €430,938 | -€190,983 | -30.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €552,818 | €361,318 | -€191,500 | -34.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €546,618 | €355,118 | -€191,500 | -35.0% |
| Profit (loss) carried forward | 14 | €7,102 | €7,620 | +€518 | +7.3% |
| Amounts payable | 17/49 | €1,107,239 | €1,454,698 | +€347,459 | +31.4% |
| Amounts payable within one year | 42/48 | €1,107,239 | €1,454,698 | +€347,459 | +31.4% |
| Trade debts | 44 | €74,340 | €50,966 | -€23,374 | -31.4% |
| Suppliers | 440/4 | €74,340 | €50,966 | -€23,374 | -31.4% |
| Taxes, remuneration and social security | 45 | €52,397 | €63,428 | +€11,031 | +21.1% |
| Taxes | 450/3 | €22,914 | €34,102 | +€11,188 | +48.8% |
| Remuneration and social security | 454/9 | €29,483 | €29,326 | -€157 | -0.5% |
| Other amounts payable | 47/48 | €980,502 | €1,340,303 | +€359,802 | +36.7% |
| Remuneration, social security and pensions | 62 | €248,568 | €250,461 | +€1,893 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,826 | €82,765 | -€62 | -0.1% |
| Gross operating margin | 9900 | €569,290 | €583,801 | +€14,511 | +2.5% |
| Operating profit (loss) | 9901 | €237,896 | €250,576 | +€12,680 | +5.3% |
| Financial income | 75/76B | €386 | €954 | +€568 | +147% |
| Recurring financial income | 75 | €386 | €954 | +€568 | +147% |
| Financial charges | 65/66B | €48,307 | €45,024 | -€3,283 | -6.8% |
| Recurring financial charges | 65 | €48,307 | €45,024 | -€3,283 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €189,974 | €206,506 | +€16,531 | +8.7% |
| Income taxes | 67/77 | €68,529 | €73,488 | +€4,960 | +7.2% |
| Profit (loss) for the period | 9904 | €121,446 | €133,018 | +€11,572 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €121,446 | €133,018 | +€11,572 | +9.5% |
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 25 October 2026 via checked.be.