BOLDERSHOF: 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.
BOLDERSHOF
Largest movements
- Stocks and contracts +€19,155
up €19,155 (+69.0%), from €27,768 to €46,923
- Receivables within one year -€7,357
down €7,357 (-39.5%), from €18,645 to €11,288
of which Other amounts receivable: -€8,381
- Cash +€2,183
up €2,183 (+55.2%), from €3,952 to €6,134
mainly Debts after one year (+€15,265) and Depreciation (+€10,682)
- Debts after one year +€15,265
up €15,265 (+5182.7%), from €295 to €15,559
- Profit (loss) carried forward -€8,467
down €8,467, from €906 to -€7,561
- Trade debts +€2,974
up €2,974 (+9.3%), from €31,870 to €34,844
- Advances received +€2,520
new in 2025: €2,520
- Tax, wage and social debts +€1,031
up €1,031 (+3.5%), from €29,863 to €30,894
of which Taxes: +€8,582
- Gross operating margin -€43,884
down €43,884 (-15.1%), from €290,160 to €246,275
- Staff costs -€29,771
down €29,771 (-11.1%), from €267,923 to €238,151
- Taxes +€5,406
up €5,406, from -€5,188 to €219
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 | €83,839 | €97,874 | +€14,035 | +16.7% |
| Fixed assets | 21/28 | €23,325 | €23,394 | +€68 | +0.3% |
| Tangible fixed assets | 22/27 | €23,325 | €23,394 | +€68 | +0.3% |
| Land and buildings | 22 | €8,564 | €11,634 | +€3,070 | +35.8% |
| Plant, machinery and equipment | 23 | €3,586 | €2,535 | -€1,051 | -29.3% |
| Furniture and vehicles | 24 | €4,128 | €4,464 | +€336 | +8.1% |
| Other tangible fixed assets | 26 | €7,048 | €4,761 | -€2,287 | -32.4% |
| Current assets | 29/58 | €60,513 | €74,480 | +€13,967 | +23.1% |
| Stocks and contracts in progress | 3 | €27,768 | €46,923 | +€19,155 | +69.0% |
| Stocks | 30/36 | €27,768 | €46,923 | +€19,155 | +69.0% |
| Amounts receivable within one year | 40/41 | €18,645 | €11,288 | -€7,357 | -39.5% |
| Trade receivables | 40 | €459 | €1,484 | +€1,025 | +223.1% |
| Other amounts receivable | 41 | €18,185 | €9,804 | -€8,381 | -46.1% |
| Cash at bank and in hand | 54/58 | €3,952 | €6,134 | +€2,183 | +55.2% |
| Deferred charges and accrued income | 490/1 | €10,149 | €10,135 | -€14 | -0.1% |
| Total equity and liabilities | 10/49 | €83,839 | €97,874 | +€14,035 | +16.7% |
| Equity | 10/15 | €18,353 | €9,886 | -€8,467 | -46.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €11,250 | €11,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,250 | €1,250 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €906 | -€7,561 | -€8,467 | |
| Amounts payable | 17/49 | €65,485 | €87,988 | +€22,502 | +34.4% |
| Amounts payable after more than one year | 17 | €295 | €15,559 | +€15,265 | +5182.7% |
| Financial debts | 170/4 | €295 | €15,559 | +€15,265 | +5182.7% |
| Amounts payable within one year | 42/48 | €65,191 | €72,195 | +€7,004 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €3,458 | €3,937 | +€480 | +13.9% |
| Trade debts | 44 | €31,870 | €34,844 | +€2,974 | +9.3% |
| Suppliers | 440/4 | €31,870 | €34,844 | +€2,974 | +9.3% |
| Advances received on contracts in progress | 46 | - | €2,520 | +€2,520 | |
| Taxes, remuneration and social security | 45 | €29,863 | €30,894 | +€1,031 | +3.5% |
| Taxes | 450/3 | €7,258 | €15,840 | +€8,582 | +118.2% |
| Remuneration and social security | 454/9 | €22,605 | €15,054 | -€7,551 | -33.4% |
| Accrued charges and deferred income | 492/3 | - | €233 | +€233 | |
| Remuneration, social security and pensions | 62 | €267,923 | €238,151 | -€29,771 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,295 | €10,682 | +€2,386 | +28.8% |
| Other operating charges | 640/8 | €5,336 | €4,402 | -€934 | -17.5% |
| Gross operating margin | 9900 | €290,160 | €246,275 | -€43,884 | -15.1% |
| Operating profit (loss) | 9901 | €8,605 | -€6,960 | -€15,565 | |
| Financial income | 75/76B | €11 | €2 | -€9 | -82.0% |
| Recurring financial income | 75 | €11 | €2 | -€9 | -82.0% |
| Financial charges | 65/66B | €1,475 | €1,291 | -€184 | -12.5% |
| Recurring financial charges | 65 | €1,475 | €1,291 | -€184 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €7,141 | -€8,249 | -€15,389 | |
| Income taxes | 67/77 | -€5,188 | €219 | +€5,406 | |
| Profit (loss) for the period | 9904 | €12,328 | -€8,467 | -€20,795 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,328 | -€8,467 | -€20,795 |
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 12 October 2026 via checked.be.