BOELEN PAUL: what changed
BOELEN PAUL
Largest movements
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Cash +€48,885
up €48,885 (+79.9%), from €61,188 to €110,073
mainly Current investments (+€100,000) and Net result for the year (+€3,454)
- Tangible fixed assets -€2,662
down €2,662 (-18.3%), from €14,567 to €11,905
of which Plant, machinery and equipment: -€1,631
- Reserves -€55,109
down €55,109 (-28.2%), from €195,385 to €140,275
- Profit (loss) carried forward +€3,454
up €3,454 (+12.1%), from -€28,595 to -€25,140
- Gross operating margin +€4,042
up €4,042 (+1,289%), from €313 to €4,355
- Financial income +€534
up €534 (+16.6%), from €3,216 to €3,749
- Financial charges -€179
down €179 (-71.3%), from €251 to €72
- Depreciation -€172
down €172 (-6.1%), from €2,835 to €2,662
- Other operating charges +€56
up €56 (+3.0%), from €1,860 to €1,916
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €176,953 | €124,362 | -€52,591 | -29.7% |
| Fixed assets | 21/28 | €14,567 | €11,905 | -€2,662 | -18.3% |
| Tangible fixed assets | 22/27 | €14,567 | €11,905 | -€2,662 | -18.3% |
| Land and buildings | 22 | €10,240 | €9,209 | -€1,031 | -10.1% |
| Plant, machinery and equipment | 23 | €4,328 | €2,696 | -€1,631 | -37.7% |
| Current assets | 29/58 | €162,386 | €112,457 | -€49,929 | -30.7% |
| Amounts receivable within one year | 40/41 | €960 | €2,137 | +€1,177 | +123% |
| Other amounts receivable | 41 | €960 | €2,137 | +€1,177 | +123% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €61,188 | €110,073 | +€48,885 | +79.9% |
| Deferred charges and accrued income | 490/1 | €238 | €247 | +€9 | +3.7% |
| Total equity and liabilities | 10/49 | €176,953 | €124,362 | -€52,591 | -29.7% |
| Equity | 10/15 | €172,987 | €121,332 | -€51,655 | -29.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €195,385 | €140,275 | -€55,109 | -28.2% |
| Distributable reserves | 133 | €195,385 | €140,275 | -€55,109 | -28.2% |
| Profit (loss) carried forward | 14 | -€28,595 | -€25,140 | +€3,454 | +12.1% |
| Amounts payable | 17/49 | €3,966 | €3,030 | -€936 | -23.6% |
| Amounts payable within one year | 42/48 | €1,065 | €0 | -€1,065 | -100% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,065 | €0 | -€1,065 | -100% |
| Accrued charges and deferred income | 492/3 | €2,900 | €3,030 | +€129 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,835 | €2,662 | -€172 | -6.1% |
| Other operating charges | 640/8 | €1,860 | €1,916 | +€56 | +3.0% |
| Gross operating margin | 9900 | €313 | €4,355 | +€4,042 | +1,289% |
| Operating profit (loss) | 9901 | -€4,381 | -€223 | +€4,158 | +94.9% |
| Financial income | 75/76B | €3,216 | €3,749 | +€534 | +16.6% |
| Recurring financial income | 75 | €3,216 | €3,749 | +€534 | +16.6% |
| Financial charges | 65/66B | €251 | €72 | -€179 | -71.3% |
| Recurring financial charges | 65 | €251 | €72 | -€179 | -71.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,416 | €3,454 | +€4,871 | |
| Profit (loss) for the period | 9904 | -€1,416 | €3,454 | +€4,871 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,416 | €3,454 | +€4,871 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.