BOLERO ATELIER: what changed
BOLERO ATELIER
Largest movements
- Tangible fixed assets +€9,842
up €9,842 (+11.7%), from €84,127 to €93,968
of which Plant, machinery and equipment: +€11,961
- Cash +€3,885
up €3,885 (+6.5%), from €59,638 to €63,523
mainly Net result for the year (+€20,122) and Depreciation (+€11,604)
- Receivables within one year +€2,911
up €2,911 (+9.6%), from €30,272 to €33,184
of which Other amounts receivable: +€8,598
- Reserves +€15,000
up €15,000 (+50.0%), from €30,000 to €45,000
- Tax, wage and social debts -€12,787
down €12,787 (-39.0%), from €32,749 to €19,962
of which Taxes: -€11,275
- Current portion of long-term debt +€9,973
new in 2025: €9,973
- Profit (loss) carried forward +€5,122
up €5,122 (+105%), from €4,860 to €9,982
- Other debts -€2,992
down €2,992 (-5.3%), from €55,969 to €52,977
- Gross operating margin -€6,140
down €6,140 (-11.1%), from €55,555 to €49,414
- Taxes -€1,601
down €1,601 (-14.4%), from €11,101 to €9,500
- Depreciation -€937
down €937 (-7.5%), from €12,542 to €11,604
- Financial charges -€778
down €778 (-58.7%), from €1,327 to €548
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €175,466 | €192,135 | +€16,668 | +9.5% |
| Fixed assets | 21/28 | €84,127 | €93,968 | +€9,842 | +11.7% |
| Tangible fixed assets | 22/27 | €84,127 | €93,968 | +€9,842 | +11.7% |
| Land and buildings | 22 | €2,700 | €2,604 | -€95 | -3.5% |
| Plant, machinery and equipment | 23 | €76,203 | €88,164 | +€11,961 | +15.7% |
| Furniture and vehicles | 24 | €2,098 | €1,637 | -€462 | -22.0% |
| Other tangible fixed assets | 26 | €3,126 | €1,563 | -€1,563 | -50.0% |
| Current assets | 29/58 | €91,340 | €98,166 | +€6,826 | +7.5% |
| Stocks and contracts in progress | 3 | €615 | €615 | = | 0.0% |
| Stocks | 30/36 | €615 | €615 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,272 | €33,184 | +€2,911 | +9.6% |
| Trade receivables | 40 | €22,250 | €16,563 | -€5,687 | -25.6% |
| Other amounts receivable | 41 | €8,022 | €16,621 | +€8,598 | +107% |
| Cash at bank and in hand | 54/58 | €59,638 | €63,523 | +€3,885 | +6.5% |
| Deferred charges and accrued income | 490/1 | €815 | €845 | +€30 | +3.7% |
| Total equity and liabilities | 10/49 | €175,466 | €192,135 | +€16,668 | +9.5% |
| Equity | 10/15 | €86,720 | €106,842 | +€20,122 | +23.2% |
| Contributions | 10/11 | €51,860 | €51,860 | = | 0.0% |
| Reserves | 13 | €30,000 | €45,000 | +€15,000 | +50.0% |
| Distributable reserves | 133 | €30,000 | €45,000 | +€15,000 | +50.0% |
| Profit (loss) carried forward | 14 | €4,860 | €9,982 | +€5,122 | +105% |
| Amounts payable | 17/49 | €88,746 | €85,292 | -€3,454 | -3.9% |
| Amounts payable within one year | 42/48 | €88,746 | €85,292 | -€3,454 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | - | €9,973 | +€9,973 | |
| Trade debts | 44 | €29 | €2,381 | +€2,352 | +8,210% |
| Suppliers | 440/4 | €29 | €2,381 | +€2,352 | +8,210% |
| Taxes, remuneration and social security | 45 | €32,749 | €19,962 | -€12,787 | -39.0% |
| Taxes | 450/3 | €23,933 | €12,658 | -€11,275 | -47.1% |
| Remuneration and social security | 454/9 | €8,816 | €7,304 | -€1,512 | -17.2% |
| Other amounts payable | 47/48 | €55,969 | €52,977 | -€2,992 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,542 | €11,604 | -€937 | -7.5% |
| Other operating charges | 640/8 | €7,946 | €7,639 | -€307 | -3.9% |
| Non-recurring operating charges | 66A | €3,819 | - | -€3,819 | |
| Gross operating margin | 9900 | €55,555 | €49,414 | -€6,140 | -11.1% |
| Operating profit (loss) | 9901 | €31,247 | €30,171 | -€1,077 | -3.4% |
| Financial income | 75/76B | €4 | €0 | -€4 | -94.4% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -94.4% |
| Financial charges | 65/66B | €1,327 | €548 | -€778 | -58.7% |
| Recurring financial charges | 65 | €1,327 | €548 | -€778 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €29,924 | €29,622 | -€302 | -1.0% |
| Income taxes | 67/77 | €11,101 | €9,500 | -€1,601 | -14.4% |
| Profit (loss) for the period | 9904 | €18,824 | €20,122 | +€1,299 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,824 | €20,122 | +€1,299 | +6.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.