BOLCKMANS: 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.
What changed
BOLCKMANS
NACE 41.003, General construction of other non-residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€130,270
2024 · -€1.1m+€1.3m
Equity
€3.6m
2024 · €3.5m+€130,270
Cash
€749,537
2024 · €50,335+€699,202
Balance sheet total
€10.5m
2024 · €12.6m-€2.1m
Largest movements
Assets
- Receivables within one year -€2.2m
down €2.2m (-38.7%), from €5.6m to €3.5m
of which Trade receivables: -€1.6m
- Current investments -€1.0m
down €1.0m (-20.0%), from €5.0m to €4.0m
- Cash +€699,202
up €699,202 (+1389.1%), from €50,335 to €749,537
mainly Receivables within one year (+€2.2m) and Current investments (+€1.0m)
- Stocks and contracts +€589,286
up €589,286 (+86.2%), from €683,344 to €1.3m
of which Contracts in progress: +€617,542
- Tangible fixed assets -€198,674
down €198,674 (-32.1%), from €619,176 to €420,502
of which Furniture and vehicles: -€122,113
Equity and liabilities
- Advances received -€1.2m
down €1.2m (-41.3%), from €3.0m to €1.8m
- Trade debts -€819,389
down €819,389 (-17.2%), from €4.8m to €3.9m
- Reserves +€130,270
up €130,270 (+12.3%), from €1.1m to €1.2m
of which Distributable reserves: +€130,270
Income statement
- Turnover -€11.1m
down €11.1m (-26.5%), from €42.0m to €30.9m
- Goods and materials -€7.8m
down €7.8m (-28.5%), from €27.5m to €19.6m
of which Purchases: -€7.8m
- Other operating charges -€845,054
down €845,054 (-98.2%), from €860,542 to €15,488
- Write-downs +€712,439
up €712,439 (+91.8%), from -€775,760 to -€63,321
- Staff costs -€631,965
down €631,965 (-6.7%), from €9.4m to €8.7m
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.
Result 2024
-€1.1m
Turnover
-€11.1m
Other operating income
-€7,619
Goods and materials
+€7.8m
Services and other goods
+€625,139
Staff costs
+€631,965
Depreciation
+€46,651
Write-downs
-€712,439
Other operating charges
+€845,054
Other operating items
+€3.3m
Financial income
-€141,681
Financial charges
-€5,809
Taxes
+€225
Result 2025
€130,270
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.
From operations
-€274,564
Investment
+€973,766
Financing
€0
Cash 2024
€50,335
From operations (derived)
-€274,564
Net result for the year
+€130,270
Depreciation
+€224,546
Receivables after one year
-€8,349
Stocks and contracts
-€589,286
Receivables within one year
+€2.2m
Deferred charges and accrued income
-€20,625
Trade debts
-€819,389
Tax, wage and social debts
-€124,401
Advances received
-€1.2m
Accrued charges and deferred income
-€6,386
Investment (derived)
+€973,766
Investment in fixed assets (net)
-€26,234
Current investments
+€1.0m
Cash 2025
€749,537
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,561,636 | €10,504,982 | -€2.1m | -16.4% |
| Fixed assets | 21/28 | €977,506 | €779,194 | -€198,312 | -20.3% |
| Intangible fixed assets | 21 | €1,518 | €2,730 | +€1,212 | +79.8% |
| Tangible fixed assets | 22/27 | €619,176 | €420,502 | -€198,674 | -32.1% |
| Plant, machinery and equipment | 23 | €112,765 | €96,121 | -€16,644 | -14.8% |
| Furniture and vehicles | 24 | €304,346 | €182,233 | -€122,113 | -40.1% |
| Other tangible fixed assets | 26 | €202,065 | €142,148 | -€59,917 | -29.7% |
| Financial fixed assets | 28 | €356,811 | €355,962 | -€849 | -0.2% |
| Other financial fixed assets | 284/8 | €356,811 | €355,962 | -€849 | -0.2% |
| Shares | 284 | €45,000 | €45,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €311,811 | €310,962 | -€849 | -0.3% |
| Current assets | 29/58 | €11,584,130 | €9,725,788 | -€1.9m | -16.0% |
| Amounts receivable after more than one year | 29 | - | €8,349 | +€8,349 | |
| Other amounts receivable | 291 | - | €8,349 | +€8,349 | |
| Stocks and contracts in progress | 3 | €683,344 | €1,272,630 | +€589,286 | +86.2% |
| Stocks | 30/36 | €241,655 | €213,399 | -€28,256 | -11.7% |
| Raw materials and consumables | 30/31 | €241,655 | €213,399 | -€28,256 | -11.7% |
| Contracts in progress | 37 | €441,690 | €1,059,232 | +€617,542 | +139.8% |
| Amounts receivable within one year | 40/41 | €5,627,777 | €3,451,974 | -€2.2m | -38.7% |
| Trade receivables | 40 | €4,779,098 | €3,131,372 | -€1.6m | -34.5% |
| Other amounts receivable | 41 | €848,678 | €320,601 | -€528,077 | -62.2% |
| Current investments | 50/53 | €5,000,000 | €4,000,000 | -€1.0m | -20.0% |
| Other investments | 51/53 | €5,000,000 | €4,000,000 | -€1.0m | -20.0% |
| Cash at bank and in hand | 54/58 | €50,335 | €749,537 | +€699,202 | +1389.1% |
| Deferred charges and accrued income | 490/1 | €222,673 | €243,298 | +€20,625 | +9.3% |
| Total equity and liabilities | 10/49 | €12,561,636 | €10,504,982 | -€2.1m | -16.4% |
| Equity | 10/15 | €3,461,249 | €3,591,519 | +€130,270 | +3.8% |
| Contributions | 10/11 | €2,400,000 | €2,400,000 | = | 0.0% |
| Capital | 10 | €2,400,000 | €2,400,000 | = | 0.0% |
| Issued capital | 100 | €2,400,000 | €2,400,000 | = | 0.0% |
| Reserves | 13 | €1,061,249 | €1,191,519 | +€130,270 | +12.3% |
| Non-distributable reserves | 130/1 | €240,000 | €240,000 | = | 0.0% |
| Legal reserve | 130 | €240,000 | €240,000 | = | 0.0% |
| Distributable reserves | 133 | €821,249 | €951,519 | +€130,270 | +15.9% |
| Provisions and deferred taxes | 16 | €497,653 | €497,653 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €497,653 | €497,653 | = | 0.0% |
| Other liabilities and charges | 164/5 | €497,653 | €497,653 | = | 0.0% |
| Amounts payable | 17/49 | €8,602,733 | €6,415,810 | -€2.2m | -25.4% |
| Amounts payable within one year | 42/48 | €8,595,061 | €6,414,524 | -€2.2m | -25.4% |
| Trade debts | 44 | €4,755,961 | €3,936,572 | -€819,389 | -17.2% |
| Suppliers | 440/4 | €4,755,961 | €3,936,572 | -€819,389 | -17.2% |
| Advances received on contracts in progress | 46 | €2,992,675 | €1,755,927 | -€1.2m | -41.3% |
| Taxes, remuneration and social security | 45 | €846,426 | €722,025 | -€124,401 | -14.7% |
| Taxes | 450/3 | €4,850 | €2,000 | -€2,850 | -58.8% |
| Remuneration and social security | 454/9 | €841,576 | €720,024 | -€121,551 | -14.4% |
| Accrued charges and deferred income | 492/3 | €7,673 | €1,287 | -€6,386 | -83.2% |
| Operating income | 70/76A | €40,773,052 | €32,842,749 | -€7.9m | -19.4% |
| Turnover | 70 | €41,993,331 | €30,875,304 | -€11.1m | -26.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,370,715 | €1,854,289 | +€3.2m | |
| Other operating income | 74 | €110,837 | €103,217 | -€7,619 | -6.9% |
| Non-recurring operating income | 76A | €39,599 | €9,939 | -€29,661 | -74.9% |
| Operating charges | 60/66A | €42,122,050 | €32,774,785 | -€9.3m | -22.2% |
| Goods for resale, raw materials and consumables | 60 | €27,451,188 | €19,614,676 | -€7.8m | -28.5% |
| Purchases | 600/8 | €27,420,988 | €19,586,420 | -€7.8m | -28.6% |
| Change in stocks: decrease (increase) | 609 | €30,200 | €28,256 | -€1,944 | -6.4% |
| Services and other goods | 61 | €4,876,994 | €4,251,854 | -€625,139 | -12.8% |
| Remuneration, social security and pensions | 62 | €9,362,547 | €8,730,582 | -€631,965 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271,197 | €224,546 | -€46,651 | -17.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€775,760 | -€63,321 | +€712,439 | +91.8% |
| Other operating charges | 640/8 | €860,542 | €15,488 | -€845,054 | -98.2% |
| Non-recurring operating charges | 66A | €75,342 | €960 | -€74,382 | -98.7% |
| Operating profit (loss) | 9901 | -€1,348,998 | €67,964 | +€1.4m | |
| Financial income | 75/76B | €221,924 | €80,243 | -€141,681 | -63.8% |
| Recurring financial income | 75 | €221,924 | €80,243 | -€141,681 | -63.8% |
| Income from financial fixed assets | 750 | €1,688 | €1,350 | -€338 | -20.0% |
| Income from current assets | 751 | €209,282 | €71,453 | -€137,829 | -65.9% |
| Other financial income | 752/9 | €10,954 | €7,439 | -€3,515 | -32.1% |
| Financial charges | 65/66B | €4,865 | €10,675 | +€5,809 | +119.4% |
| Recurring financial charges | 65 | €4,864 | €10,675 | +€5,810 | +119.5% |
| Debt charges | 650 | €4,864 | €10,675 | +€5,810 | +119.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€84,436 | - | +€84,436 | |
| Other financial charges | 652/9 | €84,436 | - | -€84,436 | |
| Non-recurring financial charges | 66B | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | -€1,131,939 | €137,532 | +€1.3m | |
| Income taxes | 67/77 | €7,488 | €7,262 | -€225 | -3.0% |
| Taxes | 670/3 | €8,185 | €7,262 | -€922 | -11.3% |
| Tax adjustments and reversals of tax provisions | 77 | €697 | - | -€697 | |
| Profit (loss) for the period | 9904 | -€1,139,427 | €130,270 | +€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,139,427 | €130,270 | +€1.3m |
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 7 October 2026 via checked.be.