BOLDERDAL: what changed
Two fiscal 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.
BOLDERDAL
Largest movements
- Cash -€183,251
down €183,251 (-84.1%), from €217,905 to €34,654
mainly Other debts (-€138,294) and Debts after one year (-€84,611)
- Tangible fixed assets -€121,997
down €121,997 (-6.4%), from €1.9m to €1.8m
- Receivables within one year +€50,000
new in 2025: €50,000
- Other debts -€138,294
down €138,294 (-26.7%), from €517,715 to €379,421
- Debts after one year -€84,611
down €84,611 (-18.5%), from €457,826 to €373,215
- Reserves -€38,736
down €38,736 (-5.2%), from €748,758 to €710,022
of which Tax-exempt reserves: -€38,736
- Gross operating margin +€81,937
up €81,937 (+114.1%), from €71,814 to €153,751
- Financial charges +€13,485
up €13,485 (+42.0%), from €32,138 to €45,623
- Other operating charges -€3,021
down €3,021 (-11.0%), from €27,564 to €24,543
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 | €2,140,962 | €1,887,317 | -€253,646 | -11.8% |
| Fixed assets | 21/28 | €1,921,540 | €1,799,543 | -€121,997 | -6.3% |
| Tangible fixed assets | 22/27 | €1,921,044 | €1,799,047 | -€121,997 | -6.4% |
| Land and buildings | 22 | €1,921,044 | €1,799,047 | -€121,997 | -6.4% |
| Financial fixed assets | 28 | €496 | €496 | = | 0.0% |
| Current assets | 29/58 | €219,423 | €87,774 | -€131,648 | -60.0% |
| Amounts receivable within one year | 40/41 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 41 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €217,905 | €34,654 | -€183,251 | -84.1% |
| Deferred charges and accrued income | 490/1 | €1,518 | €3,120 | +€1,602 | +105.6% |
| Total equity and liabilities | 10/49 | €2,140,962 | €1,887,317 | -€253,646 | -11.8% |
| Equity | 10/15 | €848,091 | €813,718 | -€34,373 | -4.1% |
| Contributions | 10/11 | €305,000 | €305,000 | = | 0.0% |
| Capital | 10 | €305,000 | €305,000 | = | 0.0% |
| Issued capital | 100 | €305,000 | €305,000 | = | 0.0% |
| Reserves | 13 | €748,758 | €710,022 | -€38,736 | -5.2% |
| Non-distributable reserves | 130/1 | €48,500 | €48,500 | = | 0.0% |
| Legal reserve | 130 | €48,500 | €48,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €487,205 | €448,469 | -€38,736 | -8.0% |
| Distributable reserves | 133 | €213,053 | €213,053 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€205,667 | -€201,304 | +€4,363 | +2.1% |
| Provisions and deferred taxes | 16 | €212,998 | €195,577 | -€17,421 | -8.2% |
| Deferred taxes | 168 | €212,998 | €195,577 | -€17,421 | -8.2% |
| Amounts payable | 17/49 | €1,079,874 | €878,022 | -€201,852 | -18.7% |
| Amounts payable after more than one year | 17 | €457,826 | €373,215 | -€84,611 | -18.5% |
| Financial debts | 170/4 | €457,826 | €373,215 | -€84,611 | -18.5% |
| Amounts payable within one year | 42/48 | €605,326 | €467,632 | -€137,693 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €84,063 | €84,611 | +€548 | +0.7% |
| Trade debts | 44 | €3,547 | €3,600 | +€53 | +1.5% |
| Suppliers | 440/4 | €3,547 | €3,600 | +€53 | +1.5% |
| Other amounts payable | 47/48 | €517,715 | €379,421 | -€138,294 | -26.7% |
| Accrued charges and deferred income | 492/3 | €16,722 | €37,175 | +€20,452 | +122.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,103 | €135,379 | +€276 | +0.2% |
| Other operating charges | 640/8 | €27,564 | €24,543 | -€3,021 | -11.0% |
| Gross operating margin | 9900 | €71,814 | €153,751 | +€81,937 | +114.1% |
| Operating profit (loss) | 9901 | -€90,852 | -€6,170 | +€84,682 | +93.2% |
| Financial income | 75/76B | €463 | €0 | -€463 | -100.0% |
| Recurring financial income | 75 | €463 | €0 | -€463 | -100.0% |
| Financial charges | 65/66B | €32,138 | €45,623 | +€13,485 | +42.0% |
| Recurring financial charges | 65 | €32,138 | €45,623 | +€13,485 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | -€122,527 | -€51,794 | +€70,734 | +57.7% |
| Transfer from deferred taxes | 780 | €17,408 | €17,421 | +€13 | +0.1% |
| Profit (loss) for the period | 9904 | -€105,119 | -€34,373 | +€70,746 | +67.3% |
| Transfer from tax-exempt reserves | 789 | €38,711 | €38,736 | +€24 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,408 | €4,363 | +€70,771 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.