BOLIVA: 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.
BOLIVA
Largest movements
- Receivables within one year +€8,116
up €8,116 (+66.8%), from €12,156 to €20,272
of which Trade receivables: +€5,471
- Tangible fixed assets -€933
down €933 (-20.9%), from €4,467 to €3,535
- Cash -€917
down €917 (-2.7%), from €34,588 to €33,670
mainly Receivables within one year (-€8,116) and Tax, wage and social debts (-€1,273)
- Reserves +€7,661
up €7,661 (+22.7%), from €33,755 to €41,416
- Tax, wage and social debts -€1,273
down €1,273 (-12.8%), from €9,971 to €8,697
- Other debts -€907
no longer reported in 2025 (was €907)
- Gross operating margin -€11,326
down €11,326 (-44.8%), from €25,264 to €13,938
- Taxes -€2,485
down €2,485 (-42.0%), from €5,919 to €3,434
- Depreciation +€737
up €737 (+377%), from €196 to €933
- Financial charges -€576
down €576 (-29.6%), from €1,949 to €1,373
- Other operating charges +€340
up €340 (+167%), from €204 to €544
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 | €51,446 | €57,477 | +€6,030 | +11.7% |
| Fixed assets | 21/28 | €4,467 | €3,535 | -€933 | -20.9% |
| Tangible fixed assets | 22/27 | €4,467 | €3,535 | -€933 | -20.9% |
| Furniture and vehicles | 24 | €4,467 | €3,535 | -€933 | -20.9% |
| Current assets | 29/58 | €46,979 | €53,942 | +€6,963 | +14.8% |
| Amounts receivable within one year | 40/41 | €12,156 | €20,272 | +€8,116 | +66.8% |
| Trade receivables | 40 | €12,074 | €17,545 | +€5,471 | +45.3% |
| Other amounts receivable | 41 | €81 | €2,727 | +€2,645 | +3,248% |
| Cash at bank and in hand | 54/58 | €34,588 | €33,670 | -€917 | -2.7% |
| Deferred charges and accrued income | 490/1 | €236 | - | -€236 | |
| Total equity and liabilities | 10/49 | €51,446 | €57,477 | +€6,030 | +11.7% |
| Equity | 10/15 | €38,755 | €46,416 | +€7,661 | +19.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €33,755 | €41,416 | +€7,661 | +22.7% |
| Distributable reserves | 133 | €33,755 | €41,416 | +€7,661 | +22.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €12,692 | €11,061 | -€1,631 | -12.9% |
| Amounts payable within one year | 42/48 | €12,622 | €11,061 | -€1,561 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | - | €504 | +€504 | |
| Financial debts | 43 | €56 | - | -€56 | |
| Credit institutions | 430/8 | €56 | - | -€56 | |
| Trade debts | 44 | €1,688 | €1,859 | +€171 | +10.1% |
| Suppliers | 440/4 | €1,688 | €1,859 | +€171 | +10.1% |
| Taxes, remuneration and social security | 45 | €9,971 | €8,697 | -€1,273 | -12.8% |
| Taxes | 450/3 | €9,971 | €8,697 | -€1,273 | -12.8% |
| Other amounts payable | 47/48 | €907 | - | -€907 | |
| Accrued charges and deferred income | 492/3 | €70 | - | -€70 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196 | €933 | +€737 | +377% |
| Other operating charges | 640/8 | €204 | €544 | +€340 | +167% |
| Gross operating margin | 9900 | €25,264 | €13,938 | -€11,326 | -44.8% |
| Operating profit (loss) | 9901 | €24,864 | €12,462 | -€12,402 | -49.9% |
| Financial income | 75/76B | €0 | €6 | +€6 | +20,867% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +20,867% |
| Financial charges | 65/66B | €1,949 | €1,373 | -€576 | -29.6% |
| Recurring financial charges | 65 | €1,949 | €1,373 | -€576 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €22,915 | €11,095 | -€11,820 | -51.6% |
| Income taxes | 67/77 | €5,919 | €3,434 | -€2,485 | -42.0% |
| Profit (loss) for the period | 9904 | €16,997 | €7,661 | -€9,335 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,997 | €7,661 | -€9,335 | -54.9% |
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 13 October 2026 via checked.be.