Bol d'R: what changed
Bol d'R
Largest movements
- Receivables within one year +€35,431
up €35,431 (+64.9%), from €54,635 to €90,067
of which Trade receivables: +€39,816
- Tangible fixed assets -€10,824
down €10,824 (-27.8%), from €38,922 to €28,098
of which Furniture and vehicles: -€6,929
- Cash -€2,206
down €2,206 (-14.2%), from €15,483 to €13,277
mainly Receivables within one year (-€35,431) and Debts after one year (-€6,135)
- Other debts +€18,457
up €18,457 (+77.5%), from €23,809 to €42,266
- Reserves +€9,646
up €9,646 (+13.7%), from €70,471 to €80,117
- Debts after one year -€6,135
down €6,135 (-43.3%), from €14,170 to €8,035
- Accrued charges and deferred income +€2,914
up €2,914 (+193%), from €1,513 to €4,428
- Short-term financial debts -€2,283
down €2,283 (-100%), from €2,283 to €0
of which Other loans: -€2,283
- Write-downs -€14,352
down €14,352 (-100%), from €14,352 to €0
- Staff costs +€12,637
up €12,637 (+327%), from €3,863 to €16,500
- Gross operating margin +€9,114
up €9,114 (+23.6%), from €38,598 to €47,711
- Taxes +€4,398
up €4,398 (+191%), from €2,307 to €6,705
- Financial charges -€1,108
down €1,108 (-24.8%), from €4,475 to €3,366
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 | €135,638 | €155,522 | +€19,883 | +14.7% |
| Fixed assets | 21/28 | €38,922 | €28,098 | -€10,824 | -27.8% |
| Tangible fixed assets | 22/27 | €38,922 | €28,098 | -€10,824 | -27.8% |
| Plant, machinery and equipment | 23 | €507 | €284 | -€224 | -44.1% |
| Furniture and vehicles | 24 | €28,951 | €22,022 | -€6,929 | -23.9% |
| Other tangible fixed assets | 26 | €9,464 | €5,792 | -€3,672 | -38.8% |
| Current assets | 29/58 | €96,716 | €127,423 | +€30,707 | +31.8% |
| Stocks and contracts in progress | 3 | €23,601 | €22,601 | -€1,000 | -4.2% |
| Stocks | 30/36 | €1,700 | €1,700 | = | 0.0% |
| Contracts in progress | 37 | €21,901 | €20,901 | -€1,000 | -4.6% |
| Amounts receivable within one year | 40/41 | €54,635 | €90,067 | +€35,431 | +64.9% |
| Trade receivables | 40 | €34,861 | €74,677 | +€39,816 | +114% |
| Other amounts receivable | 41 | €19,774 | €15,389 | -€4,385 | -22.2% |
| Cash at bank and in hand | 54/58 | €15,483 | €13,277 | -€2,206 | -14.2% |
| Deferred charges and accrued income | 490/1 | €2,997 | €1,479 | -€1,518 | -50.6% |
| Total equity and liabilities | 10/49 | €135,638 | €155,522 | +€19,883 | +14.7% |
| Equity | 10/15 | €76,671 | €86,317 | +€9,646 | +12.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €70,471 | €80,117 | +€9,646 | +13.7% |
| Distributable reserves | 133 | €70,471 | €80,117 | +€9,646 | +13.7% |
| Amounts payable | 17/49 | €58,968 | €69,205 | +€10,237 | +17.4% |
| Amounts payable after more than one year | 17 | €14,170 | €8,035 | -€6,135 | -43.3% |
| Financial debts | 170/4 | €14,170 | €8,035 | -€6,135 | -43.3% |
| Amounts payable within one year | 42/48 | €43,284 | €56,742 | +€13,458 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | €5,886 | €6,135 | +€249 | +4.2% |
| Financial debts | 43 | €2,283 | €0 | -€2,283 | -100% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €2,283 | €0 | -€2,283 | -100% |
| Trade debts | 44 | €7,109 | €5,984 | -€1,125 | -15.8% |
| Suppliers | 440/4 | €7,109 | €5,984 | -€1,125 | -15.8% |
| Taxes, remuneration and social security | 45 | €4,196 | €2,357 | -€1,840 | -43.8% |
| Taxes | 450/3 | €954 | €1,705 | +€751 | +78.7% |
| Remuneration and social security | 454/9 | €3,243 | €652 | -€2,591 | -79.9% |
| Other amounts payable | 47/48 | €23,809 | €42,266 | +€18,457 | +77.5% |
| Accrued charges and deferred income | 492/3 | €1,513 | €4,428 | +€2,914 | +193% |
| Remuneration, social security and pensions | 62 | €3,863 | €16,500 | +€12,637 | +327% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,417 | €10,824 | +€407 | +3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,352 | €0 | -€14,352 | -100% |
| Other operating charges | 640/8 | €1,513 | €1,450 | -€63 | -4.1% |
| Gross operating margin | 9900 | €38,598 | €47,711 | +€9,114 | +23.6% |
| Operating profit (loss) | 9901 | €8,452 | €18,936 | +€10,484 | +124% |
| Financial income | 75/76B | €0 | €781 | +€781 | |
| Recurring financial income | 75 | €0 | €58 | +€58 | |
| Non-recurring financial income | 76B | - | €723 | +€723 | |
| Financial charges | 65/66B | €4,475 | €3,366 | -€1,108 | -24.8% |
| Recurring financial charges | 65 | €4,475 | €3,366 | -€1,108 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €3,978 | €16,351 | +€12,373 | +311% |
| Income taxes | 67/77 | €2,307 | €6,705 | +€4,398 | +191% |
| Profit (loss) for the period | 9904 | €1,671 | €9,646 | +€7,975 | +477% |
| Profit (loss) for the period to be appropriated | 9905 | €1,671 | €9,646 | +€7,975 | +477% |
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 8 November 2026 via checked.be.