BOLIPA: 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.
BOLIPA
Largest movements
- Cash +€49,197
up €49,197 (+20.9%), from €235,018 to €284,215
mainly Net result for the year (+€113,548) and Other debts (+€18,620)
- Receivables after one year -€6,600
down €6,600 (-38.9%), from €16,952 to €10,352
- Receivables within one year -€5,756
down €5,756 (-8.6%), from €67,057 to €61,301
of which Trade receivables: -€6,574
- Other debts +€18,620
up €18,620 (+42.4%), from €43,880 to €62,500
- Reserves +€14,314
up €14,314 (+6.0%), from €238,088 to €252,402
- Trade debts +€8,219
up €8,219 (+93.4%), from €8,804 to €17,022
- Tax, wage and social debts -€4,623
down €4,623 (-15.6%), from €29,725 to €25,102
of which Taxes: -€5,637
- Gross operating margin +€39,300
up €39,300 (+14.7%), from €267,518 to €306,818
- Staff costs -€8,856
down €8,856 (-5.6%), from €158,578 to €149,721
- Taxes +€7,343
up €7,343 (+40.6%), from €18,104 to €25,448
- Write-downs +€3,659
up €3,659, from -€2,495 to €1,164
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 | €326,702 | €363,232 | +€36,530 | +11.2% |
| Fixed assets | 21/28 | €7,675 | €7,364 | -€311 | -4.1% |
| Tangible fixed assets | 22/27 | €7,438 | €7,127 | -€311 | -4.2% |
| Furniture and vehicles | 24 | €7,438 | €7,127 | -€311 | -4.2% |
| Financial fixed assets | 28 | €238 | €238 | = | 0.0% |
| Current assets | 29/58 | €319,027 | €355,868 | +€36,841 | +11.5% |
| Amounts receivable after more than one year | 29 | €16,952 | €10,352 | -€6,600 | -38.9% |
| Other amounts receivable | 291 | €16,952 | €10,352 | -€6,600 | -38.9% |
| Amounts receivable within one year | 40/41 | €67,057 | €61,301 | -€5,756 | -8.6% |
| Trade receivables | 40 | €59,933 | €53,359 | -€6,574 | -11.0% |
| Other amounts receivable | 41 | €7,124 | €7,942 | +€818 | +11.5% |
| Cash at bank and in hand | 54/58 | €235,018 | €284,215 | +€49,197 | +20.9% |
| Total equity and liabilities | 10/49 | €326,702 | €363,232 | +€36,530 | +11.2% |
| Equity | 10/15 | €244,294 | €258,608 | +€14,314 | +5.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €238,088 | €252,402 | +€14,314 | +6.0% |
| Distributable reserves | 133 | €238,088 | €252,402 | +€14,314 | +6.0% |
| Amounts payable | 17/49 | €82,408 | €104,624 | +€22,216 | +27.0% |
| Amounts payable within one year | 42/48 | €82,408 | €104,624 | +€22,216 | +27.0% |
| Trade debts | 44 | €8,804 | €17,022 | +€8,219 | +93.4% |
| Suppliers | 440/4 | €8,804 | €17,022 | +€8,219 | +93.4% |
| Taxes, remuneration and social security | 45 | €29,725 | €25,102 | -€4,623 | -15.6% |
| Taxes | 450/3 | €13,599 | €7,962 | -€5,637 | -41.5% |
| Remuneration and social security | 454/9 | €16,126 | €17,140 | +€1,015 | +6.3% |
| Other amounts payable | 47/48 | €43,880 | €62,500 | +€18,620 | +42.4% |
| Remuneration, social security and pensions | 62 | €158,578 | €149,721 | -€8,856 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,987 | €4,946 | +€959 | +24.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,495 | €1,164 | +€3,659 | |
| Other operating charges | 640/8 | €14,890 | €14,742 | -€148 | -1.0% |
| Gross operating margin | 9900 | €267,518 | €306,818 | +€39,300 | +14.7% |
| Operating profit (loss) | 9901 | €92,558 | €136,244 | +€43,687 | +47.2% |
| Financial income | 75/76B | €4,680 | €2,855 | -€1,825 | -39.0% |
| Recurring financial income | 75 | €4,680 | €2,605 | -€2,075 | -44.3% |
| Non-recurring financial income | 76B | - | €250 | +€250 | |
| Financial charges | 65/66B | €128 | €103 | -€25 | -19.2% |
| Recurring financial charges | 65 | €78 | €103 | +€25 | +32.6% |
| Non-recurring financial charges | 66B | €50 | - | -€50 | |
| Profit (loss) for the period before taxes | 9903 | €97,109 | €138,996 | +€41,886 | +43.1% |
| Income taxes | 67/77 | €18,104 | €25,448 | +€7,343 | +40.6% |
| Profit (loss) for the period | 9904 | €79,005 | €113,548 | +€34,543 | +43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €79,005 | €113,548 | +€34,543 | +43.7% |
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 3 October 2026 via checked.be.