Bold Design: 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.
Bold Design
Largest movements
- Receivables after one year +€28,236
new in 2025: €28,236
- Receivables within one year -€15,067
down €15,067 (-47.1%), from €32,002 to €16,935
- Cash +€13,646
up €13,646 (+48.7%), from €28,037 to €41,683
mainly Net result for the year (+€28,382) and Receivables within one year (+€15,067)
- Tangible fixed assets -€1,981
down €1,981 (-16.0%), from €12,393 to €10,412
of which Furniture and vehicles: -€1,860
- Profit (loss) carried forward +€28,382
up €28,382 (+58.9%), from €48,182 to €76,564
- Tax, wage and social debts -€2,519
down €2,519 (-12.5%), from €20,126 to €17,607
of which Remuneration and social security: -€1,500
- Gross operating margin -€26,171
down €26,171 (-39.1%), from €66,981 to €40,810
- Taxes -€5,011
down €5,011 (-39.7%), from €12,613 to €7,602
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 | €72,432 | €97,405 | +€24,973 | +34.5% |
| Fixed assets | 21/28 | €12,393 | €10,412 | -€1,981 | -16.0% |
| Tangible fixed assets | 22/27 | €12,393 | €10,412 | -€1,981 | -16.0% |
| Plant, machinery and equipment | 23 | €1,056 | €935 | -€121 | -11.5% |
| Furniture and vehicles | 24 | €11,337 | €9,477 | -€1,860 | -16.4% |
| Current assets | 29/58 | €60,039 | €86,993 | +€26,954 | +44.9% |
| Amounts receivable after more than one year | 29 | - | €28,236 | +€28,236 | |
| Trade receivables | 290 | - | €28,236 | +€28,236 | |
| Amounts receivable within one year | 40/41 | €32,002 | €16,935 | -€15,067 | -47.1% |
| Trade receivables | 40 | €32,002 | €16,935 | -€15,067 | -47.1% |
| Cash at bank and in hand | 54/58 | €28,037 | €41,683 | +€13,646 | +48.7% |
| Deferred charges and accrued income | 490/1 | - | €139 | +€139 | |
| Total equity and liabilities | 10/49 | €72,432 | €97,405 | +€24,973 | +34.5% |
| Equity | 10/15 | €50,182 | €78,564 | +€28,382 | +56.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | - | -€2,000 | |
| Other | 1109/19 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €48,182 | €76,564 | +€28,382 | +58.9% |
| Amounts payable | 17/49 | €22,250 | €18,841 | -€3,409 | -15.3% |
| Amounts payable within one year | 42/48 | €22,250 | €18,725 | -€3,525 | -15.8% |
| Trade debts | 44 | €1,392 | €749 | -€643 | -46.2% |
| Suppliers | 440/4 | €1,392 | €749 | -€643 | -46.2% |
| Taxes, remuneration and social security | 45 | €20,126 | €17,607 | -€2,519 | -12.5% |
| Taxes | 450/3 | €18,626 | €17,607 | -€1,019 | -5.5% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €732 | €369 | -€363 | -49.6% |
| Accrued charges and deferred income | 492/3 | - | €116 | +€116 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,601 | €4,135 | -€466 | -10.1% |
| Other operating charges | 640/8 | €1,464 | €855 | -€609 | -41.6% |
| Gross operating margin | 9900 | €66,981 | €40,810 | -€26,171 | -39.1% |
| Operating profit (loss) | 9901 | €60,916 | €35,820 | -€25,096 | -41.2% |
| Financial income | 75/76B | - | €236 | +€236 | |
| Recurring financial income | 75 | - | €236 | +€236 | |
| Financial charges | 65/66B | €121 | €72 | -€49 | -40.3% |
| Recurring financial charges | 65 | €121 | €72 | -€49 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €60,795 | €35,984 | -€24,811 | -40.8% |
| Income taxes | 67/77 | €12,613 | €7,602 | -€5,011 | -39.7% |
| Profit (loss) for the period | 9904 | €48,182 | €28,382 | -€19,800 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,182 | €28,382 | -€19,800 | -41.1% |
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 18 October 2026 via checked.be.