Bolang: 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.
Bolang
Largest movements
- Financial fixed assets -€20,532
down €20,532 (-26.4%), from €77,905 to €57,373
- Receivables within one year -€17,757
down €17,757 (-80.9%), from €21,960 to €4,203
of which Trade receivables: -€12,545
- Cash +€15,812
up €15,812 (+16.4%), from €96,645 to €112,457
mainly Net result for the year (+€67,899) and Investment in fixed assets (net) (+€19,353)
- Tangible fixed assets -€2,093
down €2,093 (-49.7%), from €4,214 to €2,121
of which Plant, machinery and equipment: -€3,052
- Profit (loss) carried forward -€96,500
down €96,500 (-75.0%), from €128,612 to €32,112
- Reserves +€67,899
up €67,899 (+134%), from €50,860 to €118,759
of which Distributable reserves: +€67,899
- Tax, wage and social debts +€5,777
new in 2025: €5,777
- Financial income +€23,948
up €23,948 (+183%), from €13,063 to €37,011
of which Non-recurring financial income: +€36,993
- Turnover +€17,840
up €17,840 (+13.6%), from €130,716 to €148,556
- Taxes +€13,587
up €13,587 (+95.7%), from €14,190 to €27,777
- Gross operating margin +€10,609
up €10,609 (+18.6%), from €57,179 to €67,788
- Purchases and services +€7,492
up €7,492 (+9.7%), from €77,543 to €85,035
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.
Derived cash bridge
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 | €200,724 | €176,154 | -€24,570 | -12.2% |
| Fixed assets | 21/28 | €82,119 | €59,494 | -€22,625 | -27.6% |
| Tangible fixed assets | 22/27 | €4,214 | €2,121 | -€2,093 | -49.7% |
| Plant, machinery and equipment | 23 | €4,185 | €1,133 | -€3,052 | -72.9% |
| Furniture and vehicles | 24 | €29 | €988 | +€959 | +3,307% |
| Financial fixed assets | 28 | €77,905 | €57,373 | -€20,532 | -26.4% |
| Current assets | 29/58 | €118,605 | €116,660 | -€1,945 | -1.6% |
| Amounts receivable within one year | 40/41 | €21,960 | €4,203 | -€17,757 | -80.9% |
| Trade receivables | 40 | €15,746 | €3,201 | -€12,545 | -79.7% |
| Other amounts receivable | 41 | €6,214 | €1,003 | -€5,211 | -83.9% |
| Cash at bank and in hand | 54/58 | €96,645 | €112,457 | +€15,812 | +16.4% |
| Total equity and liabilities | 10/49 | €200,724 | €176,154 | -€24,570 | -12.2% |
| Equity | 10/15 | €198,072 | €169,471 | -€28,601 | -14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €50,860 | €118,759 | +€67,899 | +134% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €49,000 | €116,899 | +€67,899 | +139% |
| Profit (loss) carried forward | 14 | €128,612 | €32,112 | -€96,500 | -75.0% |
| Amounts payable | 17/49 | €2,652 | €6,683 | +€4,031 | +152% |
| Amounts payable within one year | 42/48 | €2,652 | €6,683 | +€4,031 | +152% |
| Current portion of amounts payable after more than one year | 42 | €1,480 | €144 | -€1,336 | -90.3% |
| Trade debts | 44 | €1,172 | €762 | -€410 | -35.0% |
| Suppliers | 440/4 | €1,172 | €762 | -€410 | -35.0% |
| Taxes, remuneration and social security | 45 | - | €5,777 | +€5,777 | |
| Taxes | 450/3 | - | €5,777 | +€5,777 | |
| Turnover | 70 | €130,716 | €148,556 | +€17,840 | +13.6% |
| Non-recurring operating income | 76A | - | €36,993 | +€36,993 | |
| Goods, raw materials, services and sundry goods | 60/61 | €77,543 | €85,035 | +€7,492 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,606 | €3,272 | -€5,334 | -62.0% |
| Other operating charges | 640/8 | €1,003 | €1,296 | +€293 | +29.2% |
| Gross operating margin | 9900 | €57,179 | €67,788 | +€10,609 | +18.6% |
| Operating profit (loss) | 9901 | €47,570 | €63,220 | +€15,650 | +32.9% |
| Financial income | 75/76B | €13,063 | €37,011 | +€23,948 | +183% |
| Recurring financial income | 75 | €13,063 | €19 | -€13,044 | -99.9% |
| Non-recurring financial income | 76B | - | €36,993 | +€36,993 | |
| Financial charges | 65/66B | €414 | €4,555 | +€4,141 | +1,000% |
| Recurring financial charges | 65 | €414 | €424 | +€10 | +2.4% |
| Non-recurring financial charges | 66B | - | €4,131 | +€4,131 | |
| Profit (loss) for the period before taxes | 9903 | €60,219 | €95,676 | +€35,457 | +58.9% |
| Income taxes | 67/77 | €14,190 | €27,777 | +€13,587 | +95.7% |
| Profit (loss) for the period | 9904 | €46,029 | €67,899 | +€21,870 | +47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,029 | €67,899 | +€21,870 | +47.5% |
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 22 October 2026 via checked.be.