BOLAND: 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.
BOLAND
Largest movements
- Tangible fixed assets -€16,685
down €16,685 (-31.1%), from €53,701 to €37,016
- Cash +€13,023
up €13,023 (+32.3%), from €40,292 to €53,315
mainly Net result for the year (+€22,492) and Depreciation (+€16,685)
- Receivables within one year -€6,041
down €6,041 (-10.6%), from €57,182 to €51,141
of which Other amounts receivable: -€5,145
- Other debts -€3,500
down €3,500 (-16.7%), from €21,000 to €17,500
- Profit (loss) carried forward -€2,508
down €2,508 (-39.9%), from €6,282 to €3,774
- Tax, wage and social debts -€1,976
down €1,976 (-5.1%), from €38,723 to €36,748
of which Taxes: -€1,280
- Trade debts -€1,720
down €1,720 (-64.4%), from €2,670 to €950
- Gross operating margin -€9,896
down €9,896 (-5.0%), from €199,477 to €189,582
- Taxes -€5,561
down €5,561 (-52.5%), from €10,598 to €5,037
- Staff costs -€5,415
down €5,415 (-3.6%), from €150,742 to €145,327
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 | €151,175 | €141,472 | -€9,703 | -6.4% |
| Fixed assets | 21/28 | €53,701 | €37,016 | -€16,685 | -31.1% |
| Tangible fixed assets | 22/27 | €53,701 | €37,016 | -€16,685 | -31.1% |
| Furniture and vehicles | 24 | €53,701 | €37,016 | -€16,685 | -31.1% |
| Current assets | 29/58 | €97,474 | €104,455 | +€6,981 | +7.2% |
| Amounts receivable within one year | 40/41 | €57,182 | €51,141 | -€6,041 | -10.6% |
| Trade receivables | 40 | €42,780 | €41,884 | -€896 | -2.1% |
| Other amounts receivable | 41 | €14,402 | €9,257 | -€5,145 | -35.7% |
| Cash at bank and in hand | 54/58 | €40,292 | €53,315 | +€13,023 | +32.3% |
| Total equity and liabilities | 10/49 | €151,175 | €141,472 | -€9,703 | -6.4% |
| Equity | 10/15 | €88,782 | €86,274 | -€2,508 | -2.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,282 | €3,774 | -€2,508 | -39.9% |
| Amounts payable | 17/49 | €62,393 | €55,198 | -€7,195 | -11.5% |
| Amounts payable within one year | 42/48 | €62,393 | €55,198 | -€7,195 | -11.5% |
| Trade debts | 44 | €2,670 | €950 | -€1,720 | -64.4% |
| Suppliers | 440/4 | €2,670 | €950 | -€1,720 | -64.4% |
| Taxes, remuneration and social security | 45 | €38,723 | €36,748 | -€1,976 | -5.1% |
| Taxes | 450/3 | €20,348 | €19,069 | -€1,280 | -6.3% |
| Remuneration and social security | 454/9 | €18,375 | €17,679 | -€696 | -3.8% |
| Other amounts payable | 47/48 | €21,000 | €17,500 | -€3,500 | -16.7% |
| Remuneration, social security and pensions | 62 | €150,742 | €145,327 | -€5,415 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,685 | €16,685 | = | 0.0% |
| Gross operating margin | 9900 | €199,477 | €189,582 | -€9,896 | -5.0% |
| Operating profit (loss) | 9901 | €32,051 | €27,570 | -€4,481 | -14.0% |
| Financial charges | 65/66B | €139 | €40 | -€99 | -70.9% |
| Recurring financial charges | 65 | €139 | €40 | -€99 | -70.9% |
| Profit (loss) for the period before taxes | 9903 | €31,912 | €27,529 | -€4,382 | -13.7% |
| Income taxes | 67/77 | €10,598 | €5,037 | -€5,561 | -52.5% |
| Profit (loss) for the period | 9904 | €21,313 | €22,492 | +€1,179 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,313 | €22,492 | +€1,179 | +5.5% |
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 12 October 2026 via checked.be.