STEVEN BOVÉ: 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.
STEVEN BOVÉ
Largest movements
- Current assets +€17,737
up €17,737 (+67.0%), from €26,476 to €44,214
- Debts within one year +€10,888
up €10,888 (+101%), from €10,751 to €21,639
- Profit (loss) carried forward +€6,849
up €6,849 (+62.4%), from -€10,969 to -€4,121
- Gross operating margin +€19,160
up €19,160, from -€10,107 to €9,052
- Depreciation -€1,247
down €1,247 (-61.5%), from €2,025 to €779
From the 2018 result to the 2019 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,476 | €44,214 | +€17,737 | +67.0% |
| Current assets | 29/58 | €26,476 | €44,214 | +€17,737 | +67.0% |
| Amounts receivable within one year | 40/41 | €26,476 | €43,737 | +€17,261 | +65.2% |
| Total equity and liabilities | 10/49 | €26,476 | €44,214 | +€17,737 | +67.0% |
| Equity | 10/15 | €15,726 | €22,574 | +€6,849 | +43.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €14,295 | €14,295 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,969 | -€4,121 | +€6,849 | +62.4% |
| Amounts payable | 17/49 | €10,751 | €21,639 | +€10,888 | +101% |
| Amounts payable within one year | 42/48 | €10,751 | €21,639 | +€10,888 | +101% |
| Trade debts | 44 | €5,668 | €16,761 | +€11,093 | +196% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,025 | €779 | -€1,247 | -61.5% |
| Gross operating margin | 9900 | -€10,107 | €9,052 | +€19,160 | |
| Operating profit (loss) | 9901 | -€13,387 | €7,514 | +€20,901 | |
| Recurring financial charges | 65 | €759 | €666 | -€94 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,146 | €6,849 | +€20,995 | |
| Profit (loss) for the period | 9904 | -€14,146 | €6,849 | +€20,995 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,146 | €6,849 | +€20,995 |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.