Bolavi: 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.
Bolavi
Largest movements
- Cash -€18,636
down €18,636 (-71.1%), from €26,221 to €7,584
mainly Contributions, distributions and other (-€50,000) and Investment in fixed assets (net) (-€37,497)
- Tangible fixed assets +€16,155
up €16,155 (+4.3%), from €379,816 to €395,971
of which Land and buildings: +€13,548
- Receivables within one year -€10,243
down €10,243 (-8.6%), from €118,544 to €108,301
of which Trade receivables: -€33,987
- Other debts +€47,718
up €47,718 (+152%), from €31,312 to €79,029
- Trade debts -€29,444
down €29,444 (-73.2%), from €40,238 to €10,794
- Reserves -€17,920
down €17,920 (-5.0%), from €356,666 to €338,746
- Debts after one year -€14,717
down €14,717 (-7.3%), from €201,937 to €187,220
- Staff costs -€27,789
down €27,789, from €27,767 to -€23
- Financial income +€24,699
up €24,699 (+2,744,344%), from €1 to €24,700
- Gross operating margin -€23,526
down €23,526 (-38.2%), from €61,624 to €38,097
- Depreciation +€4,049
up €4,049 (+23.4%), from €17,293 to €21,342
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 | €668,581 | €655,857 | -€12,724 | -1.9% |
| Fixed assets | 21/28 | €523,816 | €539,971 | +€16,155 | +3.1% |
| Tangible fixed assets | 22/27 | €379,816 | €395,971 | +€16,155 | +4.3% |
| Land and buildings | 22 | €377,973 | €391,521 | +€13,548 | +3.6% |
| Plant, machinery and equipment | 23 | €1,843 | €4,450 | +€2,607 | +141% |
| Financial fixed assets | 28 | €144,000 | €144,000 | = | 0.0% |
| Current assets | 29/58 | €144,765 | €115,885 | -€28,880 | -19.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €118,544 | €108,301 | -€10,243 | -8.6% |
| Trade receivables | 40 | €99,327 | €65,340 | -€33,987 | -34.2% |
| Other amounts receivable | 41 | €19,217 | €42,961 | +€23,744 | +124% |
| Cash at bank and in hand | 54/58 | €26,221 | €7,584 | -€18,636 | -71.1% |
| Total equity and liabilities | 10/49 | €668,581 | €655,857 | -€12,724 | -1.9% |
| Equity | 10/15 | €375,266 | €357,346 | -€17,920 | -4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €356,666 | €338,746 | -€17,920 | -5.0% |
| Distributable reserves | 133 | €356,666 | €338,746 | -€17,920 | -5.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €293,315 | €298,511 | +€5,196 | +1.8% |
| Amounts payable after more than one year | 17 | €201,937 | €187,220 | -€14,717 | -7.3% |
| Financial debts | 170/4 | €201,937 | €187,220 | -€14,717 | -7.3% |
| Amounts payable within one year | 42/48 | €91,378 | €111,077 | +€19,699 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €14,310 | €14,717 | +€407 | +2.8% |
| Trade debts | 44 | €40,238 | €10,794 | -€29,444 | -73.2% |
| Suppliers | 440/4 | €40,238 | €10,794 | -€29,444 | -73.2% |
| Taxes, remuneration and social security | 45 | €5,519 | €6,537 | +€1,018 | +18.4% |
| Taxes | 450/3 | €3,769 | €4,787 | +€1,018 | +27.0% |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | €31,312 | €79,029 | +€47,718 | +152% |
| Accrued charges and deferred income | 492/3 | - | €214 | +€214 | |
| Remuneration, social security and pensions | 62 | €27,767 | -€23 | -€27,789 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,293 | €21,342 | +€4,049 | +23.4% |
| Other operating charges | 640/8 | €603 | €1,140 | +€537 | +89.1% |
| Gross operating margin | 9900 | €61,624 | €38,097 | -€23,526 | -38.2% |
| Operating profit (loss) | 9901 | €15,961 | €15,638 | -€324 | -2.0% |
| Financial income | 75/76B | €1 | €24,700 | +€24,699 | +2,744,344% |
| Recurring financial income | 75 | €1 | €24,700 | +€24,699 | +2,744,344% |
| Financial charges | 65/66B | €6,376 | €6,106 | -€271 | -4.2% |
| Recurring financial charges | 65 | €6,376 | €6,106 | -€271 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €9,586 | €34,232 | +€24,646 | +257% |
| Income taxes | 67/77 | €2,247 | €2,152 | -€95 | -4.2% |
| Profit (loss) for the period | 9904 | €7,339 | €32,080 | +€24,741 | +337% |
| Profit (loss) for the period to be appropriated | 9905 | €7,339 | €32,080 | +€24,741 | +337% |
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 26 October 2026 via checked.be.