Boelens: what changed
What changed
Boelens
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
€65,896
2024 · €45,855+€20,041
Equity
€230,350
2024 · €176,257+€54,093
Cash
€229,673
2024 · €230,343-€671
Balance sheet total
€757,347
2024 · €670,654+€86,693
Largest movements
Assets
- Tangible fixed assets +€176,630
up €176,630 (+64.8%), from €272,694 to €449,323
of which Plant, machinery and equipment: +€154,781
- Receivables within one year -€71,056
down €71,056 (-55.0%), from €129,286 to €58,229
of which Trade receivables: -€84,423
- Intangible fixed assets -€20,000
down €20,000 (-63.2%), from €31,667 to €11,667
Equity and liabilities
- Other debts -€279,224
down €279,224 (-76.1%), from €366,748 to €87,523
- Debts after one year +€278,773
up €278,773 (+706%), from €39,506 to €318,279
of which Other amounts payable: +€260,634
- Reserves +€54,093
up €54,093 (+34.3%), from €157,657 to €211,750
of which Distributable reserves: +€111,584
- Trade debts +€19,051
up €19,051 (+82.9%), from €22,974 to €42,024
- Provisions +€11,127
new in 2025: €11,127
Income statement
- Gross operating margin +€70,603
up €70,603 (+27.2%), from €259,494 to €330,097
- Taxes +€27,335
up €27,335 (+148%), from €18,411 to €45,746
- Depreciation +€9,407
up €9,407 (+9.1%), from €103,687 to €113,094
- Other operating charges -€8,645
down €8,645 (-65.9%), from €13,124 to €4,479
- Staff costs +€7,686
up €7,686 (+10.3%), from €74,279 to €81,965
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.
Result 2024
€45,855
Gross operating margin
+€70,603
Staff costs
-€7,686
Depreciation
-€9,407
Other operating charges
+€8,645
Financial income
+€1,271
Financial charges
-€4,922
Taxes
-€27,335
Deferred taxes and other
-€11,127
Result 2025
€65,896
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€7,326
Investment
-€269,724
Financing
+€276,379
Cash 2024
€230,343
From operations (derived)
-€7,326
Net result for the year
+€65,896
Depreciation
+€113,094
Receivables within one year
+€71,056
Deferred charges and accrued income
-€1,790
Provisions
+€11,127
Trade debts
+€19,051
Tax, wage and social debts
-€10,193
Other debts
-€279,224
Accrued charges and deferred income
+€3,658
Investment (derived)
-€269,724
Investment in fixed assets (net)
-€269,724
Financing
+€276,379
Debts after one year
+€278,773
Current portion of long-term debt
+€9,409
Contributions, distributions and other
-€11,803
Cash 2025
€229,673
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €670,654 | €757,347 | +€86,693 | +12.9% |
| Fixed assets | 21/28 | €304,360 | €460,990 | +€156,630 | +51.5% |
| Intangible fixed assets | 21 | €31,667 | €11,667 | -€20,000 | -63.2% |
| Tangible fixed assets | 22/27 | €272,694 | €449,323 | +€176,630 | +64.8% |
| Plant, machinery and equipment | 23 | €110,615 | €265,396 | +€154,781 | +140% |
| Furniture and vehicles | 24 | €162,079 | €183,927 | +€21,848 | +13.5% |
| Current assets | 29/58 | €366,294 | €296,357 | -€69,937 | -19.1% |
| Amounts receivable within one year | 40/41 | €129,286 | €58,229 | -€71,056 | -55.0% |
| Trade receivables | 40 | €129,286 | €44,863 | -€84,423 | -65.3% |
| Other amounts receivable | 41 | €0 | €13,367 | +€13,367 | |
| Cash at bank and in hand | 54/58 | €230,343 | €229,673 | -€671 | -0.3% |
| Deferred charges and accrued income | 490/1 | €6,665 | €8,455 | +€1,790 | +26.9% |
| Total equity and liabilities | 10/49 | €670,654 | €757,347 | +€86,693 | +12.9% |
| Equity | 10/15 | €176,257 | €230,350 | +€54,093 | +30.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €157,657 | €211,750 | +€54,093 | +34.3% |
| Tax-exempt reserves | 132 | €102,000 | €44,509 | -€57,491 | -56.4% |
| Distributable reserves | 133 | €55,657 | €167,241 | +€111,584 | +200% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €11,127 | +€11,127 | |
| Deferred taxes | 168 | - | €11,127 | +€11,127 | |
| Amounts payable | 17/49 | €494,397 | €515,870 | +€21,473 | +4.3% |
| Amounts payable after more than one year | 17 | €39,506 | €318,279 | +€278,773 | +706% |
| Financial debts | 170/4 | €39,506 | €57,645 | +€18,139 | +45.9% |
| Other amounts payable | 178/9 | - | €260,634 | +€260,634 | |
| Amounts payable within one year | 42/48 | €452,493 | €191,535 | -€260,958 | -57.7% |
| Current portion of amounts payable after more than one year | 42 | €17,111 | €26,520 | +€9,409 | +55.0% |
| Trade debts | 44 | €22,974 | €42,024 | +€19,051 | +82.9% |
| Suppliers | 440/4 | €22,974 | €42,024 | +€19,051 | +82.9% |
| Taxes, remuneration and social security | 45 | €45,660 | €35,467 | -€10,193 | -22.3% |
| Taxes | 450/3 | €31,016 | €21,798 | -€9,218 | -29.7% |
| Remuneration and social security | 454/9 | €14,645 | €13,670 | -€975 | -6.7% |
| Other amounts payable | 47/48 | €366,748 | €87,523 | -€279,224 | -76.1% |
| Accrued charges and deferred income | 492/3 | €2,398 | €6,056 | +€3,658 | +153% |
| Remuneration, social security and pensions | 62 | €74,279 | €81,965 | +€7,686 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,687 | €113,094 | +€9,407 | +9.1% |
| Other operating charges | 640/8 | €13,124 | €4,479 | -€8,645 | -65.9% |
| Gross operating margin | 9900 | €259,494 | €330,097 | +€70,603 | +27.2% |
| Operating profit (loss) | 9901 | €68,403 | €130,558 | +€62,155 | +90.9% |
| Financial income | 75/76B | €135 | €1,406 | +€1,271 | +940% |
| Recurring financial income | 75 | €135 | €1,406 | +€1,271 | +940% |
| Financial charges | 65/66B | €4,273 | €9,195 | +€4,922 | +115% |
| Recurring financial charges | 65 | €4,273 | €9,195 | +€4,922 | +115% |
| Profit (loss) for the period before taxes | 9903 | €64,266 | €122,769 | +€58,503 | +91.0% |
| Transfer from deferred taxes | 780 | - | €1,173 | +€1,173 | |
| Transfer to deferred taxes | 680 | - | €12,300 | +€12,300 | |
| Income taxes | 67/77 | €18,411 | €45,746 | +€27,335 | +148% |
| Profit (loss) for the period | 9904 | €45,855 | €65,896 | +€20,041 | +43.7% |
| Transfer from tax-exempt reserves | 789 | - | €106,691 | +€106,691 | |
| Transfer to tax-exempt reserves | 689 | €0 | €49,200 | +€49,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,855 | €123,386 | +€77,532 | +169% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.