BOLDERHOF: 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.
BOLDERHOF
Largest movements
- Cash -€59,862
down €59,862 (-10.1%), from €591,277 to €531,414
mainly Net result for the year (-€99,647) and Receivables within one year (-€14,684)
- Tangible fixed assets -€44,600
down €44,600 (-11.1%), from €402,660 to €358,060
- Receivables within one year +€14,684
up €14,684 (+21.0%), from €70,037 to €84,722
of which Trade receivables: +€12,249
- Profit (loss) carried forward -€99,647
down €99,647 (-113.6%), from -€87,751 to -€187,398
- Gross operating margin -€85,794
down €85,794, from €72,736 to -€13,058
- Taxes -€13,311
no longer reported in 2025 (was €13,311)
- Depreciation -€6,144
down €6,144 (-19.2%), from €32,063 to €25,919
- Financial income -€4,328
down €4,328 (-97.9%), from €4,422 to €93
- Other operating charges -€1,036
down €1,036 (-36.7%), from €2,824 to €1,787
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 | €1,063,974 | €974,196 | -€89,778 | -8.4% |
| Fixed assets | 21/28 | €402,660 | €358,060 | -€44,600 | -11.1% |
| Tangible fixed assets | 22/27 | €402,660 | €358,060 | -€44,600 | -11.1% |
| Land and buildings | 22 | €332,512 | €310,665 | -€21,847 | -6.6% |
| Plant, machinery and equipment | 23 | €34,295 | €31,084 | -€3,211 | -9.4% |
| Furniture and vehicles | 24 | €18,918 | €4,788 | -€14,130 | -74.7% |
| Other tangible fixed assets | 26 | €16,936 | €11,524 | -€5,412 | -32.0% |
| Current assets | 29/58 | €661,314 | €616,136 | -€45,178 | -6.8% |
| Amounts receivable within one year | 40/41 | €70,037 | €84,722 | +€14,684 | +21.0% |
| Trade receivables | 40 | €1,343 | €13,592 | +€12,249 | +912.0% |
| Other amounts receivable | 41 | €68,694 | €71,129 | +€2,435 | +3.5% |
| Cash at bank and in hand | 54/58 | €591,277 | €531,414 | -€59,862 | -10.1% |
| Total equity and liabilities | 10/49 | €1,063,974 | €974,196 | -€89,778 | -8.4% |
| Equity | 10/15 | €1,034,697 | €935,050 | -€99,647 | -9.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,103,856 | €1,103,856 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,556 | €42,556 | = | 0.0% |
| Distributable reserves | 133 | €1,059,300 | €1,059,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,751 | -€187,398 | -€99,647 | -113.6% |
| Amounts payable | 17/49 | €29,277 | €39,146 | +€9,869 | +33.7% |
| Amounts payable within one year | 42/48 | €29,277 | €39,146 | +€9,869 | +33.7% |
| Trade debts | 44 | €2,628 | €10,781 | +€8,152 | +310.2% |
| Suppliers | 440/4 | €2,628 | €10,781 | +€8,152 | +310.2% |
| Taxes, remuneration and social security | 45 | €13,311 | €13,311 | = | 0.0% |
| Taxes | 450/3 | €13,311 | €13,311 | = | 0.0% |
| Other amounts payable | 47/48 | €13,338 | €15,054 | +€1,717 | +12.9% |
| Non-recurring operating income | 76A | €143,025 | €13,985 | -€129,041 | -90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,063 | €25,919 | -€6,144 | -19.2% |
| Other operating charges | 640/8 | €2,824 | €1,787 | -€1,036 | -36.7% |
| Non-recurring operating charges | 66A | - | €58,866 | +€58,866 | |
| Gross operating margin | 9900 | €72,736 | -€13,058 | -€85,794 | |
| Operating profit (loss) | 9901 | €37,849 | -€99,630 | -€137,479 | |
| Financial income | 75/76B | €4,422 | €93 | -€4,328 | -97.9% |
| Recurring financial income | 75 | €4,422 | €93 | -€4,328 | -97.9% |
| Financial charges | 65/66B | €930 | €110 | -€820 | -88.2% |
| Recurring financial charges | 65 | €930 | €110 | -€820 | -88.2% |
| Profit (loss) for the period before taxes | 9903 | €41,341 | -€99,647 | -€140,988 | |
| Income taxes | 67/77 | €13,311 | - | -€13,311 | |
| Profit (loss) for the period | 9904 | €28,030 | -€99,647 | -€127,677 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,030 | -€99,647 | -€127,677 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.