BOLDT: 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.
BOLDT
Largest movements
- Receivables within one year -€10,452
down €10,452 (-57.2%), from €18,257 to €7,805
of which Trade receivables: -€10,452
- Tangible fixed assets -€7,067
down €7,067 (-21.1%), from €33,442 to €26,375
of which Furniture and vehicles: -€11,000
- Cash +€2,517
up €2,517 (+47.4%), from €5,310 to €7,827
mainly Depreciation (+€11,000) and Receivables within one year (+€10,452)
- Debts after one year -€12,340
down €12,340 (-81.0%), from €15,227 to €2,887
- Other debts -€9,464
down €9,464 (-33.1%), from €28,599 to €19,134
- Tax, wage and social debts +€3,532
up €3,532 (+63.2%), from €5,587 to €9,120
of which Remuneration and social security: +€4,521
- Profit (loss) carried forward +€3,272
up €3,272 (+8.1%), from -€40,210 to -€36,938
- Accrued charges and deferred income -€2,522
down €2,522 (-100.0%), from €2,522 to €0
- Other operating charges -€14,033
down €14,033 (-64.1%), from €21,890 to €7,858
- Gross operating margin -€12,073
down €12,073 (-33.8%), from €35,721 to €23,648
- Depreciation -€589
down €589 (-5.1%), from €11,589 to €11,000
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 | €57,009 | €42,007 | -€15,002 | -26.3% |
| Fixed assets | 21/28 | €33,442 | €26,375 | -€7,067 | -21.1% |
| Tangible fixed assets | 22/27 | €33,442 | €26,375 | -€7,067 | -21.1% |
| Plant, machinery and equipment | 23 | €0 | €3,933 | +€3,933 | |
| Furniture and vehicles | 24 | €33,442 | €22,442 | -€11,000 | -32.9% |
| Current assets | 29/58 | €23,567 | €15,632 | -€7,935 | -33.7% |
| Amounts receivable within one year | 40/41 | €18,257 | €7,805 | -€10,452 | -57.2% |
| Trade receivables | 40 | €18,257 | €7,805 | -€10,452 | -57.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €5,310 | €7,827 | +€2,517 | +47.4% |
| Total equity and liabilities | 10/49 | €57,009 | €42,007 | -€15,002 | -26.3% |
| Equity | 10/15 | -€6,262 | -€2,990 | +€3,272 | +52.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,748 | €27,748 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €27,748 | €27,748 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,210 | -€36,938 | +€3,272 | +8.1% |
| Amounts payable | 17/49 | €63,271 | €44,998 | -€18,274 | -28.9% |
| Amounts payable after more than one year | 17 | €15,227 | €2,887 | -€12,340 | -81.0% |
| Financial debts | 170/4 | €15,227 | €2,887 | -€12,340 | -81.0% |
| Amounts payable within one year | 42/48 | €45,522 | €42,110 | -€3,411 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €10,228 | €11,401 | +€1,173 | +11.5% |
| Financial debts | 43 | - | €499 | +€499 | |
| Credit institutions | 430/8 | - | €499 | +€499 | |
| Trade debts | 44 | €1,108 | €1,957 | +€849 | +76.6% |
| Suppliers | 440/4 | €1,108 | €1,957 | +€849 | +76.6% |
| Taxes, remuneration and social security | 45 | €5,587 | €9,120 | +€3,532 | +63.2% |
| Taxes | 450/3 | €5,587 | €4,599 | -€989 | -17.7% |
| Remuneration and social security | 454/9 | - | €4,521 | +€4,521 | |
| Other amounts payable | 47/48 | €28,599 | €19,134 | -€9,464 | -33.1% |
| Accrued charges and deferred income | 492/3 | €2,522 | €0 | -€2,522 | -100.0% |
| Non-recurring operating income | 76A | €651 | €0 | -€651 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,589 | €11,000 | -€589 | -5.1% |
| Other operating charges | 640/8 | €21,890 | €7,858 | -€14,033 | -64.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €35,721 | €23,648 | -€12,073 | -33.8% |
| Operating profit (loss) | 9901 | €2,241 | €4,790 | +€2,549 | +113.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,397 | €1,390 | -€7 | -0.5% |
| Recurring financial charges | 65 | €1,397 | €1,390 | -€7 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €844 | €3,400 | +€2,556 | +302.9% |
| Income taxes | 67/77 | €131 | €128 | -€3 | -2.1% |
| Profit (loss) for the period | 9904 | €713 | €3,272 | +€2,559 | +358.8% |
| Profit (loss) for the period to be appropriated | 9905 | €713 | €3,272 | +€2,559 | +358.8% |
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 7 October 2026 via checked.be.