BOLANDZA: 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.
BOLANDZA
Largest movements
- Cash +€52,542
up €52,542 (+74.1%), from €70,897 to €123,438
mainly Net result for the year (+€55,713) and Receivables within one year (+€17,471)
- Receivables within one year -€17,471
down €17,471 (-59.2%), from €29,532 to €12,061
- Reserves +€50,000
new in 2025: €50,000
- Profit (loss) carried forward -€21,787
down €21,787 (-41.4%), from €52,622 to €30,835
- Other debts +€7,500
up €7,500 (+33.5%), from €22,382 to €29,882
- Gross operating margin -€18,386
down €18,386 (-20.7%), from €88,687 to €70,301
- Taxes -€1,612
down €1,612 (-10.1%), from €16,000 to €14,388
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 | €101,497 | €137,186 | +€35,688 | +35.2% |
| Fixed assets | 21/28 | - | €867 | +€867 | |
| Tangible fixed assets | 22/27 | - | €867 | +€867 | |
| Plant, machinery and equipment | 23 | - | €867 | +€867 | |
| Current assets | 29/58 | €101,497 | €136,319 | +€34,822 | +34.3% |
| Amounts receivable within one year | 40/41 | €29,532 | €12,061 | -€17,471 | -59.2% |
| Trade receivables | 40 | €29,532 | €12,061 | -€17,471 | -59.2% |
| Cash at bank and in hand | 54/58 | €70,897 | €123,438 | +€52,542 | +74.1% |
| Deferred charges and accrued income | 490/1 | €1,069 | €820 | -€249 | -23.3% |
| Total equity and liabilities | 10/49 | €101,497 | €137,186 | +€35,688 | +35.2% |
| Equity | 10/15 | €57,622 | €85,835 | +€28,213 | +49.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €50,000 | +€50,000 | |
| Distributable reserves | 133 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | €52,622 | €30,835 | -€21,787 | -41.4% |
| Amounts payable | 17/49 | €43,875 | €51,351 | +€7,475 | +17.0% |
| Amounts payable within one year | 42/48 | €43,875 | €51,284 | +€7,408 | +16.9% |
| Trade debts | 44 | €755 | €192 | -€563 | -74.6% |
| Suppliers | 440/4 | €755 | €192 | -€563 | -74.6% |
| Taxes, remuneration and social security | 45 | €20,738 | €21,209 | +€471 | +2.3% |
| Taxes | 450/3 | €20,738 | €21,209 | +€471 | +2.3% |
| Other amounts payable | 47/48 | €22,382 | €29,882 | +€7,500 | +33.5% |
| Accrued charges and deferred income | 492/3 | - | €67 | +€67 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €16 | +€16 | |
| Other operating charges | 640/8 | €8 | €9 | +€2 | +22.2% |
| Gross operating margin | 9900 | €88,687 | €70,301 | -€18,386 | -20.7% |
| Operating profit (loss) | 9901 | €88,680 | €70,276 | -€18,404 | -20.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €57 | €176 | +€118 | +206.5% |
| Recurring financial charges | 65 | €57 | €176 | +€118 | +206.5% |
| Profit (loss) for the period before taxes | 9903 | €88,622 | €70,100 | -€18,522 | -20.9% |
| Income taxes | 67/77 | €16,000 | €14,388 | -€1,612 | -10.1% |
| Profit (loss) for the period | 9904 | €72,622 | €55,713 | -€16,909 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €72,622 | €55,713 | -€16,909 | -23.3% |
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 2 October 2026 via checked.be.