BOLDCO: 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.
BOLDCO
Largest movements
- Receivables within one year -€5,200
down €5,200 (-81.9%), from €6,345 to €1,145
of which Trade receivables: -€5,420
- Cash -€2,691
down €2,691 (-21.3%), from €12,648 to €9,957
mainly Trade debts (-€6,422) and Net result for the year (-€3,650)
- Deferred charges and accrued income -€1,121
down €1,121 (-100%), from €1,121 to €0
- Formation expenses -€541
down €541 (-24.9%), from €2,173 to €1,632
- Stocks and contracts -€500
down €500 (-11.1%), from €4,500 to €4,000
- Trade debts -€6,422
down €6,422 (-63.9%), from €10,044 to €3,622
- Profit (loss) carried forward -€3,650
down €3,650 (-99.6%), from -€3,666 to -€7,315
- Other debts -€528
down €528 (-2.9%), from €18,126 to €17,598
- Gross operating margin -€2,126
down €2,126 (-129%), from -€1,651 to -€3,777
- Financial income +€1,609
up €1,609 (+8,046,150%), from €0 to €1,609
- Financial charges -€431
down €431 (-67.1%), from €642 to €211
- Other operating charges -€98
down €98 (-100%), from €98 to €0
- Staff costs -€38
down €38 (-13.5%), from €280 to €242
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 | €29,075 | €18,536 | -€10,540 | -36.2% |
| Formation expenses | 20 | €2,173 | €1,632 | -€541 | -24.9% |
| Fixed assets | 21/28 | €2,289 | €1,802 | -€488 | -21.3% |
| Tangible fixed assets | 22/27 | €1,489 | €1,002 | -€488 | -32.7% |
| Plant, machinery and equipment | 23 | €1,489 | €1,002 | -€488 | -32.7% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €24,613 | €15,102 | -€9,511 | -38.6% |
| Stocks and contracts in progress | 3 | €4,500 | €4,000 | -€500 | -11.1% |
| Stocks | 30/36 | €4,500 | €4,000 | -€500 | -11.1% |
| Amounts receivable within one year | 40/41 | €6,345 | €1,145 | -€5,200 | -81.9% |
| Trade receivables | 40 | €6,258 | €837 | -€5,420 | -86.6% |
| Other amounts receivable | 41 | €87 | €308 | +€221 | +254% |
| Cash at bank and in hand | 54/58 | €12,648 | €9,957 | -€2,691 | -21.3% |
| Deferred charges and accrued income | 490/1 | €1,121 | €0 | -€1,121 | -100% |
| Total equity and liabilities | 10/49 | €29,075 | €18,536 | -€10,540 | -36.2% |
| Equity | 10/15 | -€2,666 | -€6,315 | -€3,650 | -137% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,666 | -€7,315 | -€3,650 | -99.6% |
| Amounts payable | 17/49 | €31,741 | €24,851 | -€6,890 | -21.7% |
| Amounts payable within one year | 42/48 | €31,741 | €24,851 | -€6,890 | -21.7% |
| Trade debts | 44 | €10,044 | €3,622 | -€6,422 | -63.9% |
| Suppliers | 440/4 | €10,044 | €3,622 | -€6,422 | -63.9% |
| Taxes, remuneration and social security | 45 | €3,571 | €3,631 | +€60 | +1.7% |
| Taxes | 450/3 | €3,571 | €3,631 | +€60 | +1.7% |
| Other amounts payable | 47/48 | €18,126 | €17,598 | -€528 | -2.9% |
| Remuneration, social security and pensions | 62 | €280 | €242 | -€38 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €995 | €1,029 | +€34 | +3.4% |
| Other operating charges | 640/8 | €98 | €0 | -€98 | -100% |
| Gross operating margin | 9900 | -€1,651 | -€3,777 | -€2,126 | -129% |
| Operating profit (loss) | 9901 | -€3,023 | -€5,048 | -€2,024 | -67.0% |
| Financial income | 75/76B | €0 | €1,609 | +€1,609 | +8,046,150% |
| Recurring financial income | 75 | €0 | €1,609 | +€1,609 | +8,046,150% |
| Financial charges | 65/66B | €642 | €211 | -€431 | -67.1% |
| Recurring financial charges | 65 | €642 | €211 | -€431 | -67.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,666 | -€3,650 | +€16 | +0.4% |
| Profit (loss) for the period | 9904 | -€3,666 | -€3,650 | +€16 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,666 | -€3,650 | +€16 | +0.4% |
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 16 October 2026 via checked.be.