BOL PROJECT: what changed
Two fiscal 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.
BOL PROJECT
Largest movements
- Cash -€4,778
down €4,778 (-23.2%), from €20,638 to €15,859
mainly Investment in fixed assets (net) (-€4,376) and Trade debts (-€4,030)
- Tangible fixed assets +€3,610
up €3,610, from €0 to €3,610
- Receivables within one year -€3,372
down €3,372 (-13.0%), from €25,945 to €22,573
of which Trade receivables: -€10,164
- Trade debts -€4,030
down €4,030 (-34.0%), from €11,845 to €7,815
- Tax, wage and social debts -€3,161
down €3,161 (-45.5%), from €6,951 to €3,790
of which Taxes: -€5,743
- Profit (loss) carried forward +€2,974
up €2,974 (+10.7%), from €27,788 to €30,762
- Gross operating margin -€72,165
down €72,165 (-93.9%), from €76,827 to €4,662
- Taxes +€947
up €947 (+609.9%), from €155 to €1,102
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.
Cash bridge derived
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 | €46,583 | €42,366 | -€4,217 | -9.1% |
| Fixed assets | 21/28 | €0 | €3,860 | +€3,860 | |
| Tangible fixed assets | 22/27 | €0 | €3,610 | +€3,610 | |
| Furniture and vehicles | 24 | €0 | €3,610 | +€3,610 | |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €46,583 | €38,506 | -€8,077 | -17.3% |
| Amounts receivable within one year | 40/41 | €25,945 | €22,573 | -€3,372 | -13.0% |
| Trade receivables | 40 | €25,677 | €15,513 | -€10,164 | -39.6% |
| Other amounts receivable | 41 | €268 | €7,060 | +€6,792 | +2533.7% |
| Cash at bank and in hand | 54/58 | €20,638 | €15,859 | -€4,778 | -23.2% |
| Deferred charges and accrued income | 490/1 | €0 | €73 | +€73 | |
| Total equity and liabilities | 10/49 | €46,583 | €42,366 | -€4,217 | -9.1% |
| Equity | 10/15 | €27,788 | €30,762 | +€2,974 | +10.7% |
| Contributions | 10/11 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €27,788 | €30,762 | +€2,974 | +10.7% |
| Amounts payable | 17/49 | €18,796 | €11,605 | -€7,191 | -38.3% |
| Amounts payable within one year | 42/48 | €18,796 | €11,605 | -€7,191 | -38.3% |
| Trade debts | 44 | €11,845 | €7,815 | -€4,030 | -34.0% |
| Suppliers | 440/4 | €11,845 | €7,815 | -€4,030 | -34.0% |
| Taxes, remuneration and social security | 45 | €6,951 | €3,790 | -€3,161 | -45.5% |
| Taxes | 450/3 | €6,951 | €1,208 | -€5,743 | -82.6% |
| Remuneration and social security | 454/9 | €0 | €2,582 | +€2,582 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €516 | +€516 | |
| Other operating charges | 640/8 | €266 | €86 | -€180 | -67.6% |
| Non-recurring operating charges | 66A | €76,231 | - | -€76,231 | |
| Gross operating margin | 9900 | €76,827 | €4,662 | -€72,165 | -93.9% |
| Operating profit (loss) | 9901 | €330 | €4,060 | +€3,730 | +1130.8% |
| Financial income | 75/76B | €0 | €172 | +€172 | |
| Recurring financial income | 75 | €0 | €172 | +€172 | |
| Financial charges | 65/66B | €113 | €156 | +€42 | +37.4% |
| Recurring financial charges | 65 | €113 | €156 | +€42 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | €217 | €4,076 | +€3,860 | +1781.2% |
| Income taxes | 67/77 | €155 | €1,102 | +€947 | +609.9% |
| Profit (loss) for the period | 9904 | €61 | €2,974 | +€2,913 | +4741.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61 | €2,974 | +€2,913 | +4741.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.