BOLDATWORK: what changed
BOLDATWORK
Largest movements
- Cash +€19,762
up €19,762 (+938%), from €2,107 to €21,869
mainly Receivables within one year (+€17,065) and Net result for the year (+€6,517)
- Receivables within one year -€17,065
down €17,065 (-36.1%), from €47,311 to €30,246
of which Trade receivables: -€17,033
- Tangible fixed assets -€722
no longer reported in 2025 (was €722)
- Reserves +€6,517
up €6,517 (+350%), from €1,860 to €8,377
- Tax, wage and social debts -€5,054
down €5,054 (-48.6%), from €10,394 to €5,340
- Trade debts -€1,681
no longer reported in 2025 (was €1,681)
- Other debts +€1,353
up €1,353 (+8.7%), from €15,575 to €16,928
- Short-term financial debts +€1,231
up €1,231 (+217%), from €566 to €1,797
- Gross operating margin +€14,723
up €14,723, from -€2,793 to €11,930
- Depreciation -€4,970
down €4,970 (-87.3%), from €5,692 to €722
- Taxes -€436
down €436 (-11.5%), from €3,790 to €3,353
- Other operating charges -€166
down €166 (-19.9%), from €836 to €670
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,141 | €52,157 | +€2,016 | +4.0% |
| Fixed assets | 21/28 | €722 | - | -€722 | |
| Tangible fixed assets | 22/27 | €722 | - | -€722 | |
| Furniture and vehicles | 24 | €722 | - | -€722 | |
| Current assets | 29/58 | €49,419 | €52,157 | +€2,738 | +5.5% |
| Amounts receivable within one year | 40/41 | €47,311 | €30,246 | -€17,065 | -36.1% |
| Trade receivables | 40 | €47,279 | €30,246 | -€17,033 | -36.0% |
| Other amounts receivable | 41 | €32 | - | -€32 | |
| Cash at bank and in hand | 54/58 | €2,107 | €21,869 | +€19,762 | +938% |
| Deferred charges and accrued income | 490/1 | - | €42 | +€42 | |
| Total equity and liabilities | 10/49 | €50,141 | €52,157 | +€2,016 | +4.0% |
| Equity | 10/15 | €21,576 | €28,093 | +€6,517 | +30.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €8,377 | +€6,517 | +350% |
| Distributable reserves | 133 | €1,860 | €8,377 | +€6,517 | +350% |
| Profit (loss) carried forward | 14 | €13,516 | €13,516 | = | 0.0% |
| Amounts payable | 17/49 | €28,565 | €24,064 | -€4,501 | -15.8% |
| Amounts payable within one year | 42/48 | €28,215 | €24,064 | -€4,151 | -14.7% |
| Financial debts | 43 | €566 | €1,797 | +€1,231 | +217% |
| Credit institutions | 430/8 | €566 | €1,797 | +€1,231 | +217% |
| Trade debts | 44 | €1,681 | - | -€1,681 | |
| Suppliers | 440/4 | €1,681 | - | -€1,681 | |
| Taxes, remuneration and social security | 45 | €10,394 | €5,340 | -€5,054 | -48.6% |
| Taxes | 450/3 | €10,394 | €5,340 | -€5,054 | -48.6% |
| Other amounts payable | 47/48 | €15,575 | €16,928 | +€1,353 | +8.7% |
| Accrued charges and deferred income | 492/3 | €350 | - | -€350 | |
| Non-recurring operating income | 76A | - | €5,059 | +€5,059 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,692 | €722 | -€4,970 | -87.3% |
| Other operating charges | 640/8 | €836 | €670 | -€166 | -19.9% |
| Gross operating margin | 9900 | -€2,793 | €11,930 | +€14,723 | |
| Operating profit (loss) | 9901 | -€9,321 | €10,538 | +€19,859 | |
| Financial income | 75/76B | €0 | €18 | +€18 | +17,550% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +120% |
| Non-recurring financial income | 76B | - | €17 | +€17 | |
| Financial charges | 65/66B | €603 | €685 | +€82 | +13.7% |
| Recurring financial charges | 65 | €183 | €131 | -€52 | -28.4% |
| Non-recurring financial charges | 66B | €420 | €554 | +€134 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,923 | €9,871 | +€19,794 | |
| Income taxes | 67/77 | €3,790 | €3,353 | -€436 | -11.5% |
| Profit (loss) for the period | 9904 | -€13,713 | €6,517 | +€20,230 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,713 | €6,517 | +€20,230 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.