BOLINAS: 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.
BOLINAS
Largest movements
- Cash +€59,556
up €59,556 (+65.8%), from €90,516 to €150,072
mainly Net result for the year (+€107,015) and Other debts (+€91,027)
- Stocks and contracts +€10,120
up €10,120 (+8.2%), from €123,299 to €133,419
- Intangible fixed assets -€8,000
down €8,000 (-14.3%), from €56,000 to €48,000
- Other debts +€91,027
up €91,027 (+93.3%), from €97,532 to €188,559
- Debts after one year -€21,429
down €21,429 (-18.5%), from €116,072 to €94,643
- Trade debts -€14,370
down €14,370 (-78.3%), from €18,344 to €3,974
- Tax, wage and social debts +€4,142
up €4,142 (+51.9%), from €7,978 to €12,119
of which Remuneration and social security: +€3,724
- Gross operating margin +€29,608
up €29,608 (+22.2%), from €133,352 to €162,960
- Staff costs +€5,771
up €5,771 (+13.6%), from €42,423 to €48,194
- Financial income +€5,557
up €5,557 (+191%), from €2,912 to €8,469
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 | €285,897 | €344,194 | +€58,297 | +20.4% |
| Fixed assets | 21/28 | €70,957 | €59,528 | -€11,429 | -16.1% |
| Intangible fixed assets | 21 | €56,000 | €48,000 | -€8,000 | -14.3% |
| Tangible fixed assets | 22/27 | €14,957 | €11,528 | -€3,429 | -22.9% |
| Plant, machinery and equipment | 23 | €5,528 | €3,652 | -€1,876 | -33.9% |
| Furniture and vehicles | 24 | €2,728 | €1,870 | -€858 | -31.5% |
| Other tangible fixed assets | 26 | €6,701 | €6,006 | -€695 | -10.4% |
| Current assets | 29/58 | €214,940 | €284,666 | +€69,726 | +32.4% |
| Stocks and contracts in progress | 3 | €123,299 | €133,419 | +€10,120 | +8.2% |
| Stocks | 30/36 | €123,299 | €133,419 | +€10,120 | +8.2% |
| Amounts receivable within one year | 40/41 | €789 | €819 | +€31 | +3.9% |
| Trade receivables | 40 | €698 | - | -€698 | |
| Other amounts receivable | 41 | €91 | €819 | +€729 | +802% |
| Cash at bank and in hand | 54/58 | €90,516 | €150,072 | +€59,556 | +65.8% |
| Deferred charges and accrued income | 490/1 | €336 | €356 | +€20 | +5.8% |
| Total equity and liabilities | 10/49 | €285,897 | €344,194 | +€58,297 | +20.4% |
| Equity | 10/15 | €21,455 | €23,470 | +€2,015 | +9.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €6,455 | €8,470 | +€2,015 | +31.2% |
| Distributable reserves | 133 | €6,455 | €8,470 | +€2,015 | +31.2% |
| Amounts payable | 17/49 | €264,442 | €320,724 | +€56,282 | +21.3% |
| Amounts payable after more than one year | 17 | €116,072 | €94,643 | -€21,429 | -18.5% |
| Financial debts | 170/4 | €116,072 | €94,643 | -€21,429 | -18.5% |
| Amounts payable within one year | 42/48 | €148,370 | €226,081 | +€77,711 | +52.4% |
| Current portion of amounts payable after more than one year | 42 | €24,516 | €21,429 | -€3,088 | -12.6% |
| Trade debts | 44 | €18,344 | €3,974 | -€14,370 | -78.3% |
| Suppliers | 440/4 | €18,344 | €3,974 | -€14,370 | -78.3% |
| Taxes, remuneration and social security | 45 | €7,978 | €12,119 | +€4,142 | +51.9% |
| Taxes | 450/3 | €1,859 | €2,276 | +€418 | +22.5% |
| Remuneration and social security | 454/9 | €6,119 | €9,843 | +€3,724 | +60.9% |
| Other amounts payable | 47/48 | €97,532 | €188,559 | +€91,027 | +93.3% |
| Remuneration, social security and pensions | 62 | €42,423 | €48,194 | +€5,771 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,061 | €11,429 | +€368 | +3.3% |
| Other operating charges | 640/8 | €713 | €500 | -€214 | -29.9% |
| Gross operating margin | 9900 | €133,352 | €162,960 | +€29,608 | +22.2% |
| Operating profit (loss) | 9901 | €79,155 | €102,838 | +€23,683 | +29.9% |
| Financial income | 75/76B | €2,912 | €8,469 | +€5,557 | +191% |
| Recurring financial income | 75 | €2,912 | €8,469 | +€5,557 | +191% |
| Financial charges | 65/66B | €4,327 | €2,761 | -€1,567 | -36.2% |
| Recurring financial charges | 65 | €4,327 | €2,761 | -€1,567 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €77,740 | €108,546 | +€30,807 | +39.6% |
| Income taxes | 67/77 | €598 | €1,531 | +€933 | +156% |
| Profit (loss) for the period | 9904 | €77,142 | €107,015 | +€29,873 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,142 | €107,015 | +€29,873 | +38.7% |
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 30 October 2026 via checked.be.