BOLIVAR: 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.
BOLIVAR
Largest movements
- Tangible fixed assets -€21,282
down €21,282 (-4.5%), from €472,727 to €451,445
- Debts after one year -€18,804
down €18,804 (-6.1%), from €308,725 to €289,921
- Gross operating margin -€2,092
down €2,092 (-5.8%), from €36,326 to €34,234
- Financial charges -€1,024
down €1,024 (-9.8%), from €10,413 to €9,389
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 | €493,516 | €471,690 | -€21,826 | -4.4% |
| Fixed assets | 21/28 | €472,727 | €451,445 | -€21,282 | -4.5% |
| Tangible fixed assets | 22/27 | €472,727 | €451,445 | -€21,282 | -4.5% |
| Land and buildings | 22 | €472,727 | €451,445 | -€21,282 | -4.5% |
| Current assets | 29/58 | €20,789 | €20,245 | -€544 | -2.6% |
| Amounts receivable within one year | 40/41 | €18,240 | €18,240 | = | 0.0% |
| Trade receivables | 40 | €18,240 | €18,240 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,339 | €1,749 | -€589 | -25.2% |
| Deferred charges and accrued income | 490/1 | €210 | €256 | +€46 | +21.6% |
| Total equity and liabilities | 10/49 | €493,516 | €471,690 | -€21,826 | -4.4% |
| Equity | 10/15 | €167,497 | €167,049 | -€448 | -0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €294,013 | €294,013 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,116 | -€145,564 | -€448 | -0.3% |
| Amounts payable | 17/49 | €326,019 | €304,641 | -€21,378 | -6.6% |
| Amounts payable after more than one year | 17 | €308,725 | €289,921 | -€18,804 | -6.1% |
| Financial debts | 170/4 | €308,725 | €289,921 | -€18,804 | -6.1% |
| Amounts payable within one year | 42/48 | €11,504 | €9,966 | -€1,538 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €11,504 | €9,966 | -€1,538 | -13.4% |
| Accrued charges and deferred income | 492/3 | €5,790 | €4,754 | -€1,035 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,727 | €22,752 | +€25 | +0.1% |
| Other operating charges | 640/8 | €2,537 | €2,540 | +€4 | +0.1% |
| Gross operating margin | 9900 | €36,326 | €34,234 | -€2,092 | -5.8% |
| Operating profit (loss) | 9901 | €11,062 | €8,941 | -€2,121 | -19.2% |
| Financial charges | 65/66B | €10,413 | €9,389 | -€1,024 | -9.8% |
| Recurring financial charges | 65 | €10,413 | €9,389 | -€1,024 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €649 | -€448 | -€1,097 | |
| Profit (loss) for the period | 9904 | €649 | -€448 | -€1,097 | |
| Profit (loss) for the period to be appropriated | 9905 | €649 | -€448 | -€1,097 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.