BOLETUS CONSULTING: 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.
BOLETUS CONSULTING
Largest movements
- Receivables after one year -€60,000
down €60,000 (-50.0%), from €120,000 to €60,000
- Receivables within one year +€16,876
up €16,876 (+1,044%), from €1,616 to €18,493
of which Trade receivables: +€14,736
- Cash +€5,080
up €5,080 (+437%), from €1,164 to €6,244
mainly Receivables after one year (+€60,000) and Depreciation (+€16,640)
- Reserves -€21,899
down €21,899 (-15.6%), from €140,387 to €118,488
of which Distributable reserves: -€21,899
- Debts after one year -€15,001
down €15,001 (-12.7%), from €117,783 to €102,782
- Other debts -€14,969
down €14,969 (-58.9%), from €25,394 to €10,425
- Trade debts +€5,561
up €5,561 (+677%), from €822 to €6,383
- Current portion of long-term debt +€4,993
up €4,993 (+18.1%), from €27,613 to €32,606
- Gross operating margin +€14,649
up €14,649 (+35.3%), from €41,471 to €56,120
- Other operating charges +€12,284
up €12,284 (+262%), from €4,691 to €16,975
- Depreciation -€4,457
down €4,457 (-21.1%), from €21,097 to €16,640
- Taxes +€1,714
up €1,714 (+21.4%), from €8,021 to €9,735
- Financial income -€1,368
down €1,368 (-19.1%), from €7,154 to €5,787
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.
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 | €352,545 | €309,448 | -€43,097 | -12.2% |
| Fixed assets | 21/28 | €228,065 | €224,712 | -€3,352 | -1.5% |
| Tangible fixed assets | 22/27 | €227,315 | €223,962 | -€3,352 | -1.5% |
| Land and buildings | 22 | €172,054 | €164,591 | -€7,462 | -4.3% |
| Plant, machinery and equipment | 23 | €1,888 | €1,168 | -€720 | -38.1% |
| Furniture and vehicles | 24 | €28,123 | €21,251 | -€6,872 | -24.4% |
| Assets under construction and advance payments | 27 | €25,250 | €36,951 | +€11,701 | +46.3% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €124,481 | €84,736 | -€39,744 | -31.9% |
| Amounts receivable after more than one year | 29 | €120,000 | €60,000 | -€60,000 | -50.0% |
| Other amounts receivable | 291 | €120,000 | €60,000 | -€60,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €1,616 | €18,493 | +€16,876 | +1,044% |
| Trade receivables | 40 | €1,616 | €16,352 | +€14,736 | +912% |
| Other amounts receivable | 41 | - | €2,141 | +€2,141 | |
| Cash at bank and in hand | 54/58 | €1,164 | €6,244 | +€5,080 | +437% |
| Deferred charges and accrued income | 490/1 | €1,701 | - | -€1,701 | |
| Total equity and liabilities | 10/49 | €352,545 | €309,448 | -€43,097 | -12.2% |
| Equity | 10/15 | €152,787 | €130,888 | -€21,899 | -14.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €140,387 | €118,488 | -€21,899 | -15.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €138,527 | €116,628 | -€21,899 | -15.8% |
| Amounts payable | 17/49 | €199,758 | €178,560 | -€21,198 | -10.6% |
| Amounts payable after more than one year | 17 | €117,783 | €102,782 | -€15,001 | -12.7% |
| Financial debts | 170/4 | €117,783 | €102,782 | -€15,001 | -12.7% |
| Amounts payable within one year | 42/48 | €81,975 | €75,779 | -€6,196 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €27,613 | €32,606 | +€4,993 | +18.1% |
| Financial debts | 43 | €7,500 | €7,500 | = | 0.0% |
| Credit institutions | 430/8 | €7,500 | €7,500 | = | 0.0% |
| Trade debts | 44 | €822 | €6,383 | +€5,561 | +677% |
| Suppliers | 440/4 | €822 | €6,383 | +€5,561 | +677% |
| Taxes, remuneration and social security | 45 | €20,647 | €18,865 | -€1,781 | -8.6% |
| Taxes | 450/3 | €20,647 | €18,865 | -€1,781 | -8.6% |
| Other amounts payable | 47/48 | €25,394 | €10,425 | -€14,969 | -58.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,097 | €16,640 | -€4,457 | -21.1% |
| Other operating charges | 640/8 | €4,691 | €16,975 | +€12,284 | +262% |
| Gross operating margin | 9900 | €41,471 | €56,120 | +€14,649 | +35.3% |
| Operating profit (loss) | 9901 | €15,682 | €22,505 | +€6,823 | +43.5% |
| Financial income | 75/76B | €7,154 | €5,787 | -€1,368 | -19.1% |
| Recurring financial income | 75 | €7,154 | €5,787 | -€1,368 | -19.1% |
| Financial charges | 65/66B | €5,727 | €6,232 | +€505 | +8.8% |
| Recurring financial charges | 65 | €5,727 | €6,232 | +€505 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €17,110 | €22,059 | +€4,949 | +28.9% |
| Income taxes | 67/77 | €8,021 | €9,735 | +€1,714 | +21.4% |
| Profit (loss) for the period | 9904 | €9,088 | €12,324 | +€3,236 | +35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,088 | €12,324 | +€3,236 | +35.6% |
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 19 October 2026 via checked.be.