BOLCO: 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.
BOLCO
Largest movements
- Cash +€29,513
up €29,513 (+30.9%), from €95,550 to €125,063
mainly Net result for the year (+€166,288) and Depreciation (+€3,659)
- Receivables within one year +€8,446
up €8,446 (+16.1%), from €52,584 to €61,030
of which Trade receivables: +€8,446
- Tangible fixed assets -€3,659
down €3,659 (-25.2%), from €14,547 to €10,887
- Deferred charges and accrued income +€2,135
up €2,135 (+93.6%), from €2,280 to €4,415
- Profit (loss) carried forward +€158,478
up €158,478, from €0 to €158,478
- Other debts -€113,926
down €113,926 (-93.6%), from €121,736 to €7,810
- Accrued charges and deferred income -€8,317
down €8,317 (-100%), from €8,317 to €0
- Tax, wage and social debts -€2,955
down €2,955 (-9.1%), from €32,534 to €29,579
- Trade debts +€2,152
up €2,152 (+376%), from €573 to €2,725
- Gross operating margin +€59,648
up €59,648 (+36.5%), from €163,245 to €222,893
- Taxes +€11,538
up €11,538 (+29.9%), from €38,590 to €50,128
- Depreciation +€3,569
up €3,569 (+3,955%), from €90 to €3,659
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 | €166,160 | €201,595 | +€35,435 | +21.3% |
| Fixed assets | 21/28 | €14,547 | €10,887 | -€3,659 | -25.2% |
| Tangible fixed assets | 22/27 | €14,547 | €10,887 | -€3,659 | -25.2% |
| Furniture and vehicles | 24 | €14,547 | €10,887 | -€3,659 | -25.2% |
| Current assets | 29/58 | €151,613 | €190,707 | +€39,094 | +25.8% |
| Amounts receivable after more than one year | 29 | €1,000 | €0 | -€1,000 | -100% |
| Other amounts receivable | 291 | €1,000 | €0 | -€1,000 | -100% |
| Amounts receivable within one year | 40/41 | €52,584 | €61,030 | +€8,446 | +16.1% |
| Trade receivables | 40 | €49,282 | €57,728 | +€8,446 | +17.1% |
| Other amounts receivable | 41 | €3,303 | €3,302 | -€0 | 0.0% |
| Current investments | 50/53 | €200 | €200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €95,550 | €125,063 | +€29,513 | +30.9% |
| Deferred charges and accrued income | 490/1 | €2,280 | €4,415 | +€2,135 | +93.6% |
| Total equity and liabilities | 10/49 | €166,160 | €201,595 | +€35,435 | +21.3% |
| Equity | 10/15 | €3,000 | €161,478 | +€158,478 | +5,283% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €158,478 | +€158,478 | |
| Amounts payable | 17/49 | €163,160 | €40,117 | -€123,044 | -75.4% |
| Amounts payable within one year | 42/48 | €154,843 | €40,117 | -€114,726 | -74.1% |
| Financial debts | 43 | - | €3 | +€3 | |
| Credit institutions | 430/8 | - | €3 | +€3 | |
| Trade debts | 44 | €573 | €2,725 | +€2,152 | +376% |
| Suppliers | 440/4 | €573 | €2,725 | +€2,152 | +376% |
| Taxes, remuneration and social security | 45 | €32,534 | €29,579 | -€2,955 | -9.1% |
| Taxes | 450/3 | €32,534 | €29,579 | -€2,955 | -9.1% |
| Other amounts payable | 47/48 | €121,736 | €7,810 | -€113,926 | -93.6% |
| Accrued charges and deferred income | 492/3 | €8,317 | €0 | -€8,317 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90 | €3,659 | +€3,569 | +3,955% |
| Other operating charges | 640/8 | €1,468 | €1,955 | +€487 | +33.2% |
| Gross operating margin | 9900 | €163,245 | €222,893 | +€59,648 | +36.5% |
| Operating profit (loss) | 9901 | €161,687 | €217,279 | +€55,592 | +34.4% |
| Financial income | 75/76B | €110 | €187 | +€77 | +70.0% |
| Recurring financial income | 75 | €110 | €187 | +€77 | +70.0% |
| Financial charges | 65/66B | €1,471 | €1,051 | -€421 | -28.6% |
| Recurring financial charges | 65 | €1,471 | €1,051 | -€421 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €160,326 | €216,416 | +€56,090 | +35.0% |
| Income taxes | 67/77 | €38,590 | €50,128 | +€11,538 | +29.9% |
| Profit (loss) for the period | 9904 | €121,736 | €166,288 | +€44,552 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €121,736 | €166,288 | +€44,552 | +36.6% |
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 14 October 2026 via checked.be.