BOLAN: 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.
BOLAN
Largest movements
- Receivables within one year +€8,268
up €8,268 (+29.2%), from €28,361 to €36,629
- Tangible fixed assets -€5,041
down €5,041 (-59.9%), from €8,414 to €3,374
of which Other tangible fixed assets: -€2,591
- Cash -€1,130
down €1,130 (-100.0%), from €1,130 to €0
mainly Receivables within one year (-€8,268) and Other debts (-€859)
- Deferred charges and accrued income -€679
down €679 (-33.0%), from €2,058 to €1,379
- Short-term financial debts +€2,963
new in 2025: €2,963
- Other debts -€859
down €859 (-100.0%), from €859 to €0
- Trade debts -€621
down €621 (-17.8%), from €3,498 to €2,876
- Gross operating margin -€6,569
down €6,569 (-50.7%), from €12,962 to €6,393
- Depreciation -€1,777
down €1,777 (-26.1%), from €6,818 to €5,041
- Taxes -€781
down €781 (-28.9%), from €2,702 to €1,921
- Other operating charges -€770
down €770 (-51.0%), from €1,510 to €740
- Financial charges -€137
down €137 (-31.2%), from €438 to €301
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 | €39,980 | €41,398 | +€1,418 | +3.5% |
| Fixed assets | 21/28 | €8,414 | €3,374 | -€5,041 | -59.9% |
| Tangible fixed assets | 22/27 | €8,414 | €3,374 | -€5,041 | -59.9% |
| Furniture and vehicles | 24 | €2,450 | €0 | -€2,450 | -100.0% |
| Other tangible fixed assets | 26 | €5,964 | €3,374 | -€2,591 | -43.4% |
| Current assets | 29/58 | €31,565 | €38,025 | +€6,459 | +20.5% |
| Amounts receivable within one year | 40/41 | €28,361 | €36,629 | +€8,268 | +29.2% |
| Other amounts receivable | 41 | €28,361 | €36,629 | +€8,268 | +29.2% |
| Current investments | 50/53 | €16 | €16 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,130 | €0 | -€1,130 | -100.0% |
| Deferred charges and accrued income | 490/1 | €2,058 | €1,379 | -€679 | -33.0% |
| Total equity and liabilities | 10/49 | €39,980 | €41,398 | +€1,418 | +3.5% |
| Equity | 10/15 | €30,859 | €30,936 | +€76 | +0.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €12,267 | €12,344 | +€76 | +0.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €12,267 | €12,344 | +€76 | +0.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,120 | €10,462 | +€1,342 | +14.7% |
| Amounts payable within one year | 42/48 | €9,120 | €10,462 | +€1,342 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €2,963 | +€2,963 | |
| Credit institutions | 430/8 | - | €2,963 | +€2,963 | |
| Trade debts | 44 | €3,498 | €2,876 | -€621 | -17.8% |
| Suppliers | 440/4 | €3,498 | €2,876 | -€621 | -17.8% |
| Taxes, remuneration and social security | 45 | €4,764 | €4,623 | -€141 | -3.0% |
| Taxes | 450/3 | €4,764 | €4,623 | -€141 | -3.0% |
| Other amounts payable | 47/48 | €859 | €0 | -€859 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,818 | €5,041 | -€1,777 | -26.1% |
| Other operating charges | 640/8 | €1,510 | €740 | -€770 | -51.0% |
| Gross operating margin | 9900 | €12,962 | €6,393 | -€6,569 | -50.7% |
| Operating profit (loss) | 9901 | €4,634 | €612 | -€4,022 | -86.8% |
| Financial income | 75/76B | €1,729 | €1,687 | -€42 | -2.5% |
| Recurring financial income | 75 | €1,729 | €1,687 | -€42 | -2.5% |
| Financial charges | 65/66B | €438 | €301 | -€137 | -31.2% |
| Recurring financial charges | 65 | €438 | €301 | -€137 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €5,925 | €1,997 | -€3,928 | -66.3% |
| Income taxes | 67/77 | €2,702 | €1,921 | -€781 | -28.9% |
| Profit (loss) for the period | 9904 | €3,223 | €76 | -€3,147 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,223 | €76 | -€3,147 | -97.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.