BOLLAERS PATRICK: 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.
BOLLAERS PATRICK
Largest movements
- Tangible fixed assets +€23,247
up €23,247 (+1187.0%), from €1,958 to €25,205
of which Furniture and vehicles: +€23,956
- Cash -€13,136
down €13,136 (-33.2%), from €39,586 to €26,449
mainly Investment in fixed assets (net) (-€29,396) and Net result for the year (-€7,052)
- Receivables within one year -€9,249
down €9,249 (-21.8%), from €42,425 to €33,176
of which Other amounts receivable: -€23,137
- Deferred charges and accrued income +€4,924
new in 2025: €4,924
- Profit (loss) carried forward -€7,052
down €7,052 (-33.3%), from €21,179 to €14,127
- Tax, wage and social debts +€6,132
up €6,132 (+330.3%), from €1,857 to €7,989
of which Taxes: +€5,846
- Current portion of long-term debt +€6,024
new in 2025: €6,024
- Trade debts -€5,033
no longer reported in 2025 (was €5,033)
- Debts after one year +€4,218
new in 2025: €4,218
- Staff costs +€22,154
up €22,154 (+108.5%), from €20,426 to €42,581
- Gross operating margin -€14,589
down €14,589 (-25.2%), from €58,002 to €43,414
- Taxes -€9,831
down €9,831 (-97.0%), from €10,131 to €300
- Depreciation +€4,815
up €4,815 (+254.2%), from €1,894 to €6,709
- Financial charges +€599
up €599 (+296.2%), from €202 to €801
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 | €84,529 | €89,754 | +€5,225 | +6.2% |
| Fixed assets | 21/28 | €2,518 | €25,205 | +€22,687 | +900.8% |
| Intangible fixed assets | 21 | €560 | - | -€560 | |
| Tangible fixed assets | 22/27 | €1,958 | €25,205 | +€23,247 | +1187.0% |
| Plant, machinery and equipment | 23 | €1,336 | €626 | -€710 | -53.1% |
| Furniture and vehicles | 24 | €623 | €24,579 | +€23,956 | +3846.3% |
| Current assets | 29/58 | €82,011 | €64,549 | -€17,462 | -21.3% |
| Amounts receivable within one year | 40/41 | €42,425 | €33,176 | -€9,249 | -21.8% |
| Trade receivables | 40 | €17,687 | €31,575 | +€13,888 | +78.5% |
| Other amounts receivable | 41 | €24,738 | €1,601 | -€23,137 | -93.5% |
| Cash at bank and in hand | 54/58 | €39,586 | €26,449 | -€13,136 | -33.2% |
| Deferred charges and accrued income | 490/1 | - | €4,924 | +€4,924 | |
| Total equity and liabilities | 10/49 | €84,529 | €89,754 | +€5,225 | +6.2% |
| Equity | 10/15 | €77,639 | €70,587 | -€7,052 | -9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,860 | €37,860 | = | 0.0% |
| Distributable reserves | 133 | €37,860 | €37,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,179 | €14,127 | -€7,052 | -33.3% |
| Amounts payable | 17/49 | €6,890 | €19,167 | +€12,277 | +178.2% |
| Amounts payable after more than one year | 17 | - | €4,218 | +€4,218 | |
| Financial debts | 170/4 | - | €4,218 | +€4,218 | |
| Amounts payable within one year | 42/48 | €6,890 | €14,949 | +€8,059 | +117.0% |
| Current portion of amounts payable after more than one year | 42 | - | €6,024 | +€6,024 | |
| Trade debts | 44 | €5,033 | - | -€5,033 | |
| Suppliers | 440/4 | €5,033 | - | -€5,033 | |
| Taxes, remuneration and social security | 45 | €1,857 | €7,989 | +€6,132 | +330.3% |
| Taxes | 450/3 | €1,857 | €7,703 | +€5,846 | +314.9% |
| Remuneration and social security | 454/9 | - | €286 | +€286 | |
| Other amounts payable | 47/48 | - | €937 | +€937 | |
| Remuneration, social security and pensions | 62 | €20,426 | €42,581 | +€22,154 | +108.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,894 | €6,709 | +€4,815 | +254.2% |
| Other operating charges | 640/8 | €449 | €75 | -€375 | -83.4% |
| Gross operating margin | 9900 | €58,002 | €43,414 | -€14,589 | -25.2% |
| Operating profit (loss) | 9901 | €35,232 | -€5,951 | -€41,183 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €202 | €801 | +€599 | +296.2% |
| Recurring financial charges | 65 | €202 | €801 | +€599 | +296.2% |
| Profit (loss) for the period before taxes | 9903 | €35,031 | -€6,752 | -€41,783 | |
| Income taxes | 67/77 | €10,131 | €300 | -€9,831 | -97.0% |
| Profit (loss) for the period | 9904 | €24,901 | -€7,052 | -€31,952 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,901 | -€7,052 | -€31,952 |
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.