BOLD HR: 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 HR
Largest movements
- Tangible fixed assets -€250,124
down €250,124 (-98.7%), from €253,466 to €3,341
of which Land and buildings: -€244,081
- Intangible fixed assets +€18,871
up €18,871 (+1,827%), from €1,033 to €19,903
- Receivables within one year -€7,433
down €7,433 (-12.7%), from €58,465 to €51,032
of which Trade receivables: -€7,416
- Other debts -€104,229
down €104,229 (-61.4%), from €169,808 to €65,579
- Trade debts -€47,930
down €47,930 (-65.0%), from €73,729 to €25,799
- Profit (loss) carried forward -€45,385
down €45,385 (-99.5%), from €45,616 to €231
- Current portion of long-term debt -€30,000
down €30,000 (-100%), from €30,000 to €0
- Tax, wage and social debts +€21,243
up €21,243 (+93.3%), from €22,766 to €44,009
of which Remuneration and social security: +€13,250
- Staff costs +€123,574
up €123,574 (+214%), from €57,724 to €181,298
- Gross operating margin +€92,755
up €92,755 (+67.6%), from €137,240 to €229,995
- Depreciation -€13,078
down €13,078 (-78.4%), from €16,675 to €3,597
- Financial charges +€6,182
up €6,182 (+349%), from €1,773 to €7,954
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 | €396,598 | €159,792 | -€236,806 | -59.7% |
| Fixed assets | 21/28 | €254,498 | €23,244 | -€231,254 | -90.9% |
| Intangible fixed assets | 21 | €1,033 | €19,903 | +€18,871 | +1,827% |
| Tangible fixed assets | 22/27 | €253,466 | €3,341 | -€250,124 | -98.7% |
| Land and buildings | 22 | €244,081 | €0 | -€244,081 | -100% |
| Furniture and vehicles | 24 | €9,385 | €3,341 | -€6,043 | -64.4% |
| Current assets | 29/58 | €142,100 | €136,548 | -€5,553 | -3.9% |
| Amounts receivable within one year | 40/41 | €58,465 | €51,032 | -€7,433 | -12.7% |
| Trade receivables | 40 | €58,447 | €51,032 | -€7,416 | -12.7% |
| Other amounts receivable | 41 | €17 | €0 | -€17 | -100% |
| Cash at bank and in hand | 54/58 | €83,172 | €84,189 | +€1,017 | +1.2% |
| Deferred charges and accrued income | 490/1 | €464 | €1,327 | +€863 | +186% |
| Total equity and liabilities | 10/49 | €396,598 | €159,792 | -€236,806 | -59.7% |
| Equity | 10/15 | €90,296 | €24,405 | -€65,890 | -73.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €32,280 | €11,774 | -€20,506 | -63.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €32,280 | €11,774 | -€20,506 | -63.5% |
| Profit (loss) carried forward | 14 | €45,616 | €231 | -€45,385 | -99.5% |
| Amounts payable | 17/49 | €306,303 | €135,387 | -€170,916 | -55.8% |
| Amounts payable after more than one year | 17 | €10,000 | €0 | -€10,000 | -100% |
| Financial debts | 170/4 | €10,000 | €0 | -€10,000 | -100% |
| Amounts payable within one year | 42/48 | €296,303 | €135,387 | -€160,916 | -54.3% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €0 | -€30,000 | -100% |
| Trade debts | 44 | €73,729 | €25,799 | -€47,930 | -65.0% |
| Suppliers | 440/4 | €73,729 | €25,799 | -€47,930 | -65.0% |
| Taxes, remuneration and social security | 45 | €22,766 | €44,009 | +€21,243 | +93.3% |
| Taxes | 450/3 | €16,211 | €24,204 | +€7,992 | +49.3% |
| Remuneration and social security | 454/9 | €6,555 | €19,805 | +€13,250 | +202% |
| Other amounts payable | 47/48 | €169,808 | €65,579 | -€104,229 | -61.4% |
| Remuneration, social security and pensions | 62 | €57,724 | €181,298 | +€123,574 | +214% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,675 | €3,597 | -€13,078 | -78.4% |
| Other operating charges | 640/8 | €2,300 | €1,582 | -€718 | -31.2% |
| Non-recurring operating charges | 66A | - | €14,081 | +€14,081 | |
| Gross operating margin | 9900 | €137,240 | €229,995 | +€92,755 | +67.6% |
| Operating profit (loss) | 9901 | €60,541 | €29,437 | -€31,104 | -51.4% |
| Financial charges | 65/66B | €1,773 | €7,954 | +€6,182 | +349% |
| Recurring financial charges | 65 | €1,773 | €7,954 | +€6,182 | +349% |
| Profit (loss) for the period before taxes | 9903 | €58,768 | €21,483 | -€37,285 | -63.4% |
| Income taxes | 67/77 | €1,417 | €3,252 | +€1,835 | +130% |
| Profit (loss) for the period | 9904 | €57,351 | €18,231 | -€39,120 | -68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €57,351 | €18,231 | -€39,120 | -68.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.