BOLGR: 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.
BOLGR
Largest movements
- Receivables within one year +€198,021
up €198,021 (+187.7%), from €105,515 to €303,536
of which Trade receivables: +€198,008
- Stocks and contracts -€29,308
down €29,308 (-100.0%), from €29,308 to €0
- Cash -€4,409
down €4,409 (-4.4%), from €99,728 to €95,319
mainly Receivables within one year (-€198,021) and Advances received (-€71,698)
- Accrued charges and deferred income +€92,081
up €92,081 (+2418.1%), from €3,808 to €95,889
- Advances received -€71,698
down €71,698 (-66.1%), from €108,401 to €36,703
- Trade debts +€49,542
up €49,542 (+54.3%), from €91,308 to €140,850
- Profit (loss) carried forward +€46,829
up €46,829 (+39.6%), from -€118,211 to -€71,382
- Tax, wage and social debts +€26,348
up €26,348 (+1264.8%), from €2,083 to €28,431
- Gross operating margin +€55,582
up €55,582, from -€7,159 to €48,423
- Depreciation -€716
down €716 (-73.2%), from €979 to €262
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 | €246,617 | €411,278 | +€164,661 | +66.8% |
| Fixed assets | 21/28 | €11,972 | €11,710 | -€262 | -2.2% |
| Intangible fixed assets | 21 | €10,967 | €10,967 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,005 | €742 | -€262 | -26.1% |
| Furniture and vehicles | 24 | €1,005 | €742 | -€262 | -26.1% |
| Current assets | 29/58 | €234,645 | €399,568 | +€164,923 | +70.3% |
| Stocks and contracts in progress | 3 | €29,308 | €0 | -€29,308 | -100.0% |
| Stocks | 30/36 | €29,308 | €0 | -€29,308 | -100.0% |
| Amounts receivable within one year | 40/41 | €105,515 | €303,536 | +€198,021 | +187.7% |
| Trade receivables | 40 | €105,505 | €303,514 | +€198,008 | +187.7% |
| Other amounts receivable | 41 | €9 | €22 | +€12 | +130.9% |
| Cash at bank and in hand | 54/58 | €99,728 | €95,319 | -€4,409 | -4.4% |
| Deferred charges and accrued income | 490/1 | €94 | €713 | +€619 | +657.1% |
| Total equity and liabilities | 10/49 | €246,617 | €411,278 | +€164,661 | +66.8% |
| Equity | 10/15 | -€8,983 | €37,846 | +€46,829 | |
| Contributions | 10/11 | €80,550 | €80,550 | = | 0.0% |
| Reserves | 13 | €28,678 | €28,678 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €28,678 | €28,678 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,211 | -€71,382 | +€46,829 | +39.6% |
| Amounts payable | 17/49 | €255,600 | €373,432 | +€117,832 | +46.1% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €201,792 | €227,543 | +€25,751 | +12.8% |
| Trade debts | 44 | €91,308 | €140,850 | +€49,542 | +54.3% |
| Suppliers | 440/4 | €91,308 | €140,850 | +€49,542 | +54.3% |
| Advances received on contracts in progress | 46 | €108,401 | €36,703 | -€71,698 | -66.1% |
| Taxes, remuneration and social security | 45 | €2,083 | €28,431 | +€26,348 | +1264.8% |
| Taxes | 450/3 | €2,083 | €28,431 | +€26,348 | +1264.8% |
| Other amounts payable | 47/48 | €0 | €21,559 | +€21,559 | |
| Accrued charges and deferred income | 492/3 | €3,808 | €95,889 | +€92,081 | +2418.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €979 | €262 | -€716 | -73.2% |
| Other operating charges | 640/8 | €499 | €102 | -€397 | -79.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€7,159 | €48,423 | +€55,582 | |
| Operating profit (loss) | 9901 | -€8,637 | €48,058 | +€56,695 | |
| Financial income | 75/76B | €33 | €73 | +€40 | +122.3% |
| Recurring financial income | 75 | €33 | €73 | +€40 | +122.3% |
| Financial charges | 65/66B | €1,139 | €1,302 | +€163 | +14.3% |
| Recurring financial charges | 65 | €1,139 | €1,302 | +€163 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,743 | €46,829 | +€56,572 | |
| Income taxes | 67/77 | €10 | €0 | -€10 | -100.0% |
| Profit (loss) for the period | 9904 | -€9,753 | €46,829 | +€56,582 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,753 | €46,829 | +€56,582 |
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 5 October 2026 via checked.be.