BOELEN: 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.
BOELEN
Largest movements
- Cash +€11,725
up €11,725 (+43.7%), from €26,826 to €38,551
mainly Net result for the year (+€10,944) and Depreciation (+€3,837)
- Tangible fixed assets -€2,700
down €2,700 (-4.9%), from €55,481 to €52,781
of which Furniture and vehicles: -€2,973
- Receivables within one year -€1,062
down €1,062 (-16.1%), from €6,614 to €5,552
of which Other amounts receivable: -€4,740
- Reserves +€10,944
up €10,944 (+18.6%), from €58,814 to €69,759
of which Distributable reserves: +€10,944
- Trade debts -€1,687
down €1,687 (-29.4%), from €5,740 to €4,054
- Other debts -€1,053
down €1,053 (-23.9%), from €4,407 to €3,355
- Gross operating margin -€16,995
down €16,995 (-39.4%), from €43,102 to €26,107
- Depreciation -€4,953
down €4,953 (-56.4%), from €8,790 to €3,837
- Taxes -€4,101
down €4,101 (-44.5%), from €9,212 to €5,111
- Other operating charges +€1,443
up €1,443 (+30.6%), from €4,723 to €6,166
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 | €89,991 | €97,877 | +€7,886 | +8.8% |
| Fixed assets | 21/28 | €55,481 | €52,781 | -€2,700 | -4.9% |
| Tangible fixed assets | 22/27 | €55,481 | €52,781 | -€2,700 | -4.9% |
| Land and buildings | 22 | €49,731 | €50,004 | +€273 | +0.5% |
| Furniture and vehicles | 24 | €5,750 | €2,777 | -€2,973 | -51.7% |
| Current assets | 29/58 | €34,511 | €45,096 | +€10,586 | +30.7% |
| Amounts receivable within one year | 40/41 | €6,614 | €5,552 | -€1,062 | -16.1% |
| Trade receivables | 40 | €1,874 | €5,552 | +€3,678 | +196% |
| Other amounts receivable | 41 | €4,740 | €0 | -€4,740 | -100% |
| Cash at bank and in hand | 54/58 | €26,826 | €38,551 | +€11,725 | +43.7% |
| Deferred charges and accrued income | 490/1 | €1,071 | €994 | -€77 | -7.2% |
| Total equity and liabilities | 10/49 | €89,991 | €97,877 | +€7,886 | +8.8% |
| Equity | 10/15 | €77,814 | €88,759 | +€10,944 | +14.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €58,814 | €69,759 | +€10,944 | +18.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €58,814 | €69,759 | +€10,944 | +18.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,177 | €9,119 | -€3,058 | -25.1% |
| Amounts payable within one year | 42/48 | €12,177 | €9,119 | -€3,058 | -25.1% |
| Trade debts | 44 | €5,740 | €4,054 | -€1,687 | -29.4% |
| Suppliers | 440/4 | €5,740 | €4,054 | -€1,687 | -29.4% |
| Taxes, remuneration and social security | 45 | €2,029 | €1,711 | -€319 | -15.7% |
| Taxes | 450/3 | €2,029 | €1,711 | -€319 | -15.7% |
| Other amounts payable | 47/48 | €4,407 | €3,355 | -€1,053 | -23.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,790 | €3,837 | -€4,953 | -56.4% |
| Other operating charges | 640/8 | €4,723 | €6,166 | +€1,443 | +30.6% |
| Gross operating margin | 9900 | €43,102 | €26,107 | -€16,995 | -39.4% |
| Operating profit (loss) | 9901 | €29,589 | €16,105 | -€13,484 | -45.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €86 | €50 | -€35 | -41.0% |
| Recurring financial charges | 65 | €86 | €50 | -€35 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €29,503 | €16,055 | -€13,449 | -45.6% |
| Income taxes | 67/77 | €9,212 | €5,111 | -€4,101 | -44.5% |
| Profit (loss) for the period | 9904 | €20,292 | €10,944 | -€9,348 | -46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,292 | €10,944 | -€9,348 | -46.1% |
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 19 October 2026 via checked.be.