BOLCAR: 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.
BOLCAR
Largest movements
- Cash +€89,673
up €89,673 (+56.4%), from €158,917 to €248,591
mainly Net result for the year (+€105,759) and Depreciation (+€41,454)
- Tangible fixed assets -€29,010
down €29,010 (-19.8%), from €146,177 to €117,166
of which Furniture and vehicles: -€20,689
- Stocks and contracts -€25,754
down €25,754 (-10.9%), from €236,083 to €210,329
- Profit (loss) carried forward +€105,759
up €105,759 (+46.8%), from €225,819 to €331,577
- Debts after one year -€70,981
down €70,981 (-70.8%), from €100,276 to €29,295
- Trade debts +€13,343
up €13,343 (+341%), from €3,917 to €17,260
- Other debts -€6,633
down €6,633 (-4.2%), from €158,624 to €151,991
- Gross operating margin -€7,350
down €7,350 (-2.9%), from €255,437 to €248,087
- Depreciation +€6,071
up €6,071 (+17.2%), from €35,384 to €41,454
- Financial charges -€3,495
down €3,495 (-33.8%), from €10,337 to €6,842
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 | €574,724 | €612,914 | +€38,189 | +6.6% |
| Fixed assets | 21/28 | €147,186 | €117,839 | -€29,346 | -19.9% |
| Intangible fixed assets | 21 | €1,009 | €673 | -€336 | -33.3% |
| Tangible fixed assets | 22/27 | €146,177 | €117,166 | -€29,010 | -19.8% |
| Land and buildings | 22 | €20,498 | €14,770 | -€5,728 | -27.9% |
| Plant, machinery and equipment | 23 | €23,854 | €25,348 | +€1,494 | +6.3% |
| Furniture and vehicles | 24 | €82,183 | €61,494 | -€20,689 | -25.2% |
| Leasing and similar rights | 25 | €19,642 | €15,555 | -€4,087 | -20.8% |
| Current assets | 29/58 | €427,539 | €495,075 | +€67,536 | +15.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €236,083 | €210,329 | -€25,754 | -10.9% |
| Stocks | 30/36 | €236,083 | €210,329 | -€25,754 | -10.9% |
| Amounts receivable within one year | 40/41 | €29,692 | €28,921 | -€772 | -2.6% |
| Trade receivables | 40 | €25,965 | €20,220 | -€5,745 | -22.1% |
| Other amounts receivable | 41 | €3,727 | €8,700 | +€4,973 | +133% |
| Cash at bank and in hand | 54/58 | €158,917 | €248,591 | +€89,673 | +56.4% |
| Deferred charges and accrued income | 490/1 | €2,846 | €7,234 | +€4,388 | +154% |
| Total equity and liabilities | 10/49 | €574,724 | €612,914 | +€38,189 | +6.6% |
| Equity | 10/15 | €230,819 | €336,577 | +€105,759 | +45.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €225,819 | €331,577 | +€105,759 | +46.8% |
| Amounts payable | 17/49 | €343,906 | €276,337 | -€67,569 | -19.6% |
| Amounts payable after more than one year | 17 | €100,276 | €29,295 | -€70,981 | -70.8% |
| Financial debts | 170/4 | €100,276 | €29,295 | -€70,981 | -70.8% |
| Amounts payable within one year | 42/48 | €243,630 | €247,042 | +€3,412 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €62,041 | €55,981 | -€6,060 | -9.8% |
| Trade debts | 44 | €3,917 | €17,260 | +€13,343 | +341% |
| Suppliers | 440/4 | €3,917 | €17,260 | +€13,343 | +341% |
| Taxes, remuneration and social security | 45 | €19,048 | €21,809 | +€2,762 | +14.5% |
| Taxes | 450/3 | €15,410 | €21,809 | +€6,400 | +41.5% |
| Remuneration and social security | 454/9 | €3,638 | €0 | -€3,638 | -100% |
| Other amounts payable | 47/48 | €158,624 | €151,991 | -€6,633 | -4.2% |
| Remuneration, social security and pensions | 62 | €61,438 | €60,373 | -€1,065 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,384 | €41,454 | +€6,071 | +17.2% |
| Other operating charges | 640/8 | €4,647 | €3,633 | -€1,015 | -21.8% |
| Gross operating margin | 9900 | €255,437 | €248,087 | -€7,350 | -2.9% |
| Operating profit (loss) | 9901 | €153,968 | €142,627 | -€11,341 | -7.4% |
| Financial income | 75/76B | €75 | €0 | -€75 | -100% |
| Recurring financial income | 75 | €75 | €0 | -€75 | -100% |
| Financial charges | 65/66B | €10,337 | €6,842 | -€3,495 | -33.8% |
| Recurring financial charges | 65 | €10,337 | €6,842 | -€3,495 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €143,706 | €135,785 | -€7,921 | -5.5% |
| Income taxes | 67/77 | €31,273 | €30,027 | -€1,246 | -4.0% |
| Profit (loss) for the period | 9904 | €112,433 | €105,759 | -€6,675 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €112,433 | €105,759 | -€6,675 | -5.9% |
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 17 October 2026 via checked.be.