BOLENO: 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.
BOLENO
Largest movements
- Cash +€6,989
up €6,989 (+58.5%), from €11,942 to €18,931
mainly Net result for the year (+€16,887) and Other debts (+€15,000)
- Tangible fixed assets -€5,584
down €5,584 (-17.4%), from €32,086 to €26,503
of which Plant, machinery and equipment: -€6,667
- Other debts +€15,000
up €15,000, from €0 to €15,000
- Reserves -€13,680
down €13,680 (-27.0%), from €50,698 to €37,018
- Gross operating margin +€7,070
up €7,070 (+25.6%), from €27,653 to €34,723
- Taxes +€1,806
up €1,806 (+32.2%), from €5,611 to €7,417
- Depreciation -€830
down €830 (-7.4%), from €11,190 to €10,360
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 | €73,462 | €74,339 | +€877 | +1.2% |
| Fixed assets | 21/28 | €32,086 | €26,503 | -€5,584 | -17.4% |
| Tangible fixed assets | 22/27 | €32,086 | €26,503 | -€5,584 | -17.4% |
| Plant, machinery and equipment | 23 | €32,086 | €25,419 | -€6,667 | -20.8% |
| Furniture and vehicles | 24 | €0 | €1,083 | +€1,083 | |
| Current assets | 29/58 | €41,376 | €47,836 | +€6,461 | +15.6% |
| Amounts receivable within one year | 40/41 | €29,433 | €28,905 | -€528 | -1.8% |
| Trade receivables | 40 | €17,025 | €14,192 | -€2,833 | -16.6% |
| Other amounts receivable | 41 | €12,408 | €14,713 | +€2,305 | +18.6% |
| Cash at bank and in hand | 54/58 | €11,942 | €18,931 | +€6,989 | +58.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €73,462 | €74,339 | +€877 | +1.2% |
| Equity | 10/15 | €69,298 | €55,618 | -€13,680 | -19.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,698 | €37,018 | -€13,680 | -27.0% |
| Distributable reserves | 133 | €50,698 | €37,018 | -€13,680 | -27.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €4,164 | €18,721 | +€14,557 | +350% |
| Amounts payable within one year | 42/48 | €4,164 | €18,721 | +€14,557 | +350% |
| Trade debts | 44 | €1,485 | €1,266 | -€218 | -14.7% |
| Suppliers | 440/4 | €1,485 | €1,266 | -€218 | -14.7% |
| Taxes, remuneration and social security | 45 | €2,679 | €2,454 | -€225 | -8.4% |
| Taxes | 450/3 | €2,679 | €2,454 | -€225 | -8.4% |
| Other amounts payable | 47/48 | €0 | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,190 | €10,360 | -€830 | -7.4% |
| Other operating charges | 640/8 | €604 | €610 | +€6 | +1.0% |
| Gross operating margin | 9900 | €27,653 | €34,723 | +€7,070 | +25.6% |
| Operating profit (loss) | 9901 | €15,859 | €23,753 | +€7,894 | +49.8% |
| Financial income | 75/76B | €342 | €633 | +€291 | +85.3% |
| Recurring financial income | 75 | €342 | €633 | +€291 | +85.3% |
| Financial charges | 65/66B | €115 | €82 | -€32 | -28.0% |
| Recurring financial charges | 65 | €115 | €82 | -€32 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €16,086 | €24,304 | +€8,218 | +51.1% |
| Income taxes | 67/77 | €5,611 | €7,417 | +€1,806 | +32.2% |
| Profit (loss) for the period | 9904 | €10,475 | €16,887 | +€6,412 | +61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,475 | €16,887 | +€6,412 | +61.2% |
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 17 October 2026 via checked.be.