Bold MA: 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 MA
Largest movements
- Cash +€88,097
up €88,097 (+3179.3%), from €2,771 to €90,868
mainly Net result for the year (+€68,043) and Debts after one year (+€27,584)
- Tangible fixed assets +€39,150
new in 2025: €39,150
- Profit (loss) carried forward +€68,043
up €68,043 (+1039.5%), from €6,546 to €74,589
- Debts after one year +€27,584
new in 2025: €27,584
- Tax, wage and social debts +€20,913
up €20,913 (+411.3%), from €5,084 to €25,997
of which Taxes: +€18,494
- Current portion of long-term debt +€11,495
new in 2025: €11,495
- Other debts -€2,857
down €2,857 (-100.0%), from €2,857 to €0
- Gross operating margin +€90,205
up €90,205 (+1094.1%), from €8,245 to €98,450
- Taxes +€16,038
up €16,038 (+980.0%), from €1,636 to €17,674
- Depreciation +€10,295
new in 2025: €10,295
- Financial charges +€1,577
up €1,577 (+12362.5%), from €13 to €1,590
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,883 | €145,406 | +€126,523 | +670.0% |
| Fixed assets | 21/28 | - | €39,150 | +€39,150 | |
| Tangible fixed assets | 22/27 | - | €39,150 | +€39,150 | |
| Furniture and vehicles | 24 | - | €39,150 | +€39,150 | |
| Current assets | 29/58 | €18,883 | €106,257 | +€87,373 | +462.7% |
| Amounts receivable within one year | 40/41 | €15,964 | €14,979 | -€985 | -6.2% |
| Trade receivables | 40 | €15,964 | €14,964 | -€1,000 | -6.3% |
| Other amounts receivable | 41 | - | €15 | +€15 | |
| Cash at bank and in hand | 54/58 | €2,771 | €90,868 | +€88,097 | +3179.3% |
| Deferred charges and accrued income | 490/1 | €149 | €410 | +€261 | +175.2% |
| Total equity and liabilities | 10/49 | €18,883 | €145,406 | +€126,523 | +670.0% |
| Equity | 10/15 | €10,546 | €78,589 | +€68,043 | +645.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,546 | €74,589 | +€68,043 | +1039.5% |
| Amounts payable | 17/49 | €8,338 | €66,818 | +€58,480 | +701.4% |
| Amounts payable after more than one year | 17 | - | €27,584 | +€27,584 | |
| Financial debts | 170/4 | - | €27,584 | +€27,584 | |
| Amounts payable within one year | 42/48 | €8,338 | €37,954 | +€29,616 | +355.2% |
| Current portion of amounts payable after more than one year | 42 | - | €11,495 | +€11,495 | |
| Financial debts | 43 | - | €177 | +€177 | |
| Credit institutions | 430/8 | - | €177 | +€177 | |
| Trade debts | 44 | €397 | €285 | -€112 | -28.1% |
| Suppliers | 440/4 | €397 | €285 | -€112 | -28.1% |
| Taxes, remuneration and social security | 45 | €5,084 | €25,997 | +€20,913 | +411.3% |
| Taxes | 450/3 | €3,887 | €22,381 | +€18,494 | +475.8% |
| Remuneration and social security | 454/9 | €1,197 | €3,616 | +€2,419 | +202.1% |
| Other amounts payable | 47/48 | €2,857 | €0 | -€2,857 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €1,280 | +€1,280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €10,295 | +€10,295 | |
| Other operating charges | 640/8 | €50 | €847 | +€797 | +1594.4% |
| Gross operating margin | 9900 | €8,245 | €98,450 | +€90,205 | +1094.1% |
| Operating profit (loss) | 9901 | €8,195 | €87,307 | +€79,112 | +965.4% |
| Financial charges | 65/66B | €13 | €1,590 | +€1,577 | +12362.5% |
| Recurring financial charges | 65 | €13 | €1,590 | +€1,577 | +12362.5% |
| Profit (loss) for the period before taxes | 9903 | €8,182 | €85,717 | +€77,535 | +947.6% |
| Income taxes | 67/77 | €1,636 | €17,674 | +€16,038 | +980.0% |
| Profit (loss) for the period | 9904 | €6,546 | €68,043 | +€61,497 | +939.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,546 | €68,043 | +€61,497 | +939.5% |
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 9 October 2026 via checked.be.