BOLDER.PARTNERS: 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.
BOLDER.PARTNERS
Largest movements
- Tangible fixed assets -€21,338
down €21,338 (-4.7%), from €449,928 to €428,590
of which Land and buildings: -€21,050
- Debts after one year -€23,230
down €23,230 (-5.0%), from €461,153 to €437,923
- Profit (loss) carried forward -€6,468
down €6,468 (-7.8%), from -€82,754 to -€89,222
- Other debts +€5,400
up €5,400 (+24.7%), from €21,865 to €27,265
- Other operating charges +€5,441
up €5,441 (+155%), from €3,513 to €8,954
- Gross operating margin +€2,682
up €2,682 (+7.8%), from €34,441 to €37,123
- Financial charges -€2,237
down €2,237 (-14.4%), from €15,536 to €13,299
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 | €455,266 | €433,512 | -€21,754 | -4.8% |
| Fixed assets | 21/28 | €449,928 | €428,590 | -€21,338 | -4.7% |
| Tangible fixed assets | 22/27 | €449,928 | €428,590 | -€21,338 | -4.7% |
| Land and buildings | 22 | €449,640 | €428,590 | -€21,050 | -4.7% |
| Furniture and vehicles | 24 | €288 | - | -€288 | |
| Current assets | 29/58 | €5,337 | €4,922 | -€415 | -7.8% |
| Amounts receivable within one year | 40/41 | - | €400 | +€400 | |
| Trade receivables | 40 | - | €400 | +€400 | |
| Cash at bank and in hand | 54/58 | €3,737 | €2,922 | -€815 | -21.8% |
| Deferred charges and accrued income | 490/1 | €1,600 | €1,600 | = | 0.0% |
| Total equity and liabilities | 10/49 | €455,266 | €433,512 | -€21,754 | -4.8% |
| Equity | 10/15 | -€52,754 | -€59,222 | -€6,468 | -12.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,754 | -€89,222 | -€6,468 | -7.8% |
| Amounts payable | 17/49 | €508,020 | €492,734 | -€15,286 | -3.0% |
| Amounts payable after more than one year | 17 | €461,153 | €437,923 | -€23,230 | -5.0% |
| Financial debts | 170/4 | €461,153 | €437,923 | -€23,230 | -5.0% |
| Amounts payable within one year | 42/48 | €45,867 | €52,707 | +€6,840 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €23,197 | €23,230 | +€34 | +0.1% |
| Trade debts | 44 | €805 | €2,212 | +€1,406 | +175% |
| Suppliers | 440/4 | €805 | €2,212 | +€1,406 | +175% |
| Other amounts payable | 47/48 | €21,865 | €27,265 | +€5,400 | +24.7% |
| Accrued charges and deferred income | 492/3 | €1,000 | €2,105 | +€1,105 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,387 | €21,338 | -€49 | -0.2% |
| Other operating charges | 640/8 | €3,513 | €8,954 | +€5,441 | +155% |
| Gross operating margin | 9900 | €34,441 | €37,123 | +€2,682 | +7.8% |
| Operating profit (loss) | 9901 | €9,541 | €6,831 | -€2,710 | -28.4% |
| Financial charges | 65/66B | €15,536 | €13,299 | -€2,237 | -14.4% |
| Recurring financial charges | 65 | €15,536 | €13,299 | -€2,237 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,994 | -€6,468 | -€474 | -7.9% |
| Profit (loss) for the period | 9904 | -€5,994 | -€6,468 | -€474 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,994 | -€6,468 | -€474 | -7.9% |
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 15 October 2026 via checked.be.