Bolanco: what changed
Two financial 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.
Bolanco
Largest movements
- Cash +€15,239
up €15,239 (+53.3%), from €28,615 to €43,853
mainly Advances received (+€32,174) and Trade debts (+€26,162)
- Receivables within one year +€13,735
up €13,735 (+26.6%), from €51,674 to €65,409
of which Trade receivables: +€23,208
- Tangible fixed assets -€10,418
down €10,418 (-23.4%), from €44,455 to €34,037
of which Other tangible fixed assets: -€10,424
- Stocks and contracts +€8,845
up €8,845 (+2.6%), from €340,861 to €349,706
- Profit (loss) carried forward -€33,363
down €33,363 (-19.2%), from €173,996 to €140,633
- Advances received +€32,174
up €32,174 (+14.3%), from €225,139 to €257,314
- Trade debts +€26,162
up €26,162 (+73.9%), from €35,402 to €61,563
- Write-downs -€23,064
new in 2025: -€23,064
- Provisions +€21,397
up €21,397, from -€21,397 to €0
- Gross operating margin -€4,530
down €4,530 (-1.8%), from €246,567 to €242,037
- Staff costs -€3,693
down €3,693 (-1.3%), from €291,564 to €287,871
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 | €482,295 | €505,681 | +€23,386 | +4.8% |
| Fixed assets | 21/28 | €44,455 | €34,037 | -€10,418 | -23.4% |
| Tangible fixed assets | 22/27 | €44,455 | €34,037 | -€10,418 | -23.4% |
| Plant, machinery and equipment | 23 | €3,362 | €1,686 | -€1,676 | -49.9% |
| Furniture and vehicles | 24 | €11,339 | €13,021 | +€1,682 | +14.8% |
| Other tangible fixed assets | 26 | €29,754 | €19,330 | -€10,424 | -35.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €437,839 | €471,643 | +€33,804 | +7.7% |
| Stocks and contracts in progress | 3 | €340,861 | €349,706 | +€8,845 | +2.6% |
| Stocks | 30/36 | €340,861 | €349,706 | +€8,845 | +2.6% |
| Amounts receivable within one year | 40/41 | €51,674 | €65,409 | +€13,735 | +26.6% |
| Trade receivables | 40 | €29,021 | €52,229 | +€23,208 | +80.0% |
| Other amounts receivable | 41 | €22,653 | €13,180 | -€9,473 | -41.8% |
| Cash at bank and in hand | 54/58 | €28,615 | €43,853 | +€15,239 | +53.3% |
| Deferred charges and accrued income | 490/1 | €16,690 | €12,675 | -€4,014 | -24.1% |
| Total equity and liabilities | 10/49 | €482,295 | €505,681 | +€23,386 | +4.8% |
| Equity | 10/15 | €194,456 | €161,093 | -€33,363 | -17.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,996 | €140,633 | -€33,363 | -19.2% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €287,838 | €344,587 | +€56,749 | +19.7% |
| Amounts payable within one year | 42/48 | €287,838 | €344,587 | +€56,749 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €35,402 | €61,563 | +€26,162 | +73.9% |
| Suppliers | 440/4 | €35,402 | €61,563 | +€26,162 | +73.9% |
| Advances received on contracts in progress | 46 | €225,139 | €257,314 | +€32,174 | +14.3% |
| Taxes, remuneration and social security | 45 | €27,297 | €25,710 | -€1,587 | -5.8% |
| Taxes | 450/3 | €5,916 | €5,735 | -€180 | -3.0% |
| Remuneration and social security | 454/9 | €21,382 | €19,975 | -€1,407 | -6.6% |
| Non-recurring operating income | 76A | €8,896 | €0 | -€8,896 | -100.0% |
| Remuneration, social security and pensions | 62 | €291,564 | €287,871 | -€3,693 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,660 | €18,932 | +€272 | +1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€23,064 | -€23,064 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€21,397 | €0 | +€21,397 | |
| Other operating charges | 640/8 | €1,669 | €2,128 | +€459 | +27.5% |
| Non-recurring operating charges | 66A | €652 | €0 | -€652 | -100.0% |
| Gross operating margin | 9900 | €246,567 | €242,037 | -€4,530 | -1.8% |
| Operating profit (loss) | 9901 | -€44,581 | -€43,830 | +€752 | +1.7% |
| Financial income | 75/76B | €19,850 | €19,245 | -€606 | -3.1% |
| Recurring financial income | 75 | €19,850 | €19,245 | -€606 | -3.1% |
| Financial charges | 65/66B | €7,338 | €6,504 | -€834 | -11.4% |
| Recurring financial charges | 65 | €7,338 | €6,504 | -€834 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€32,069 | -€31,090 | +€980 | +3.1% |
| Income taxes | 67/77 | €651 | €2,273 | +€1,623 | +249.3% |
| Profit (loss) for the period | 9904 | -€32,720 | -€33,363 | -€643 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,720 | -€33,363 | -€643 | -2.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.