BOLLEN: what changed
What changed
BOLLEN
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€111,525
2024 · €81,673+€29,852
Equity
€2.2m
2024 · €2.1m+€103,848
Cash
€407,320
2024 · €740,570-€333,250
Balance sheet total
€5.2m
2024 · €3.8m+€1.4m
Largest movements
Assets
- Tangible fixed assets +€1.7m
up €1.7m (+219%), from €785,853 to €2.5m
of which Land and buildings: +€1.7m
- Cash -€333,250
down €333,250 (-45.0%), from €740,570 to €407,320
mainly Investment in fixed assets (net) (-€1.8m) and Receivables within one year (-€41,838)
Equity and liabilities
- Debts after one year +€1.3m
up €1.3m (+257%), from €517,331 to €1.8m
of which Financial debts: +€1.3m
- Reserves +€103,848
up €103,848 (+20.3%), from €510,608 to €614,456
Income statement
- Financial charges -€27,860
down €27,860 (-49.5%), from €56,247 to €28,386
- Taxes +€13,138
up €13,138 (+41.2%), from €31,873 to €45,011
- Gross operating margin +€12,795
up €12,795 (+5.3%), from €242,018 to €254,813
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€81,673
Gross operating margin
+€12,795
Depreciation
+€2,113
Other operating charges
+€1,576
Financial income
-€1,354
Financial charges
+€27,860
Taxes
-€13,138
Result 2025
€111,525
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€94,619
Investment
-€1.8m
Financing
+€1.4m
Cash 2024
€740,570
From operations (derived)
+€94,619
Net result for the year
+€111,525
Depreciation
+€73,732
Receivables within one year
-€41,838
Smaller working-capital items
-€480
Tax, wage and social debts
-€33,425
Other debts
-€14,895
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
+€1.4m
Debts after one year
+€1.3m
Current portion of long-term debt
+€47,880
Contributions, distributions and other
-€7,677
Cash 2025
€407,320
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,805,581 | €5,234,016 | +€1.4m | +37.5% |
| Fixed assets | 21/28 | €785,853 | €2,507,486 | +€1.7m | +219% |
| Tangible fixed assets | 22/27 | €785,853 | €2,507,486 | +€1.7m | +219% |
| Land and buildings | 22 | €698,344 | €2,442,567 | +€1.7m | +250% |
| Plant, machinery and equipment | 23 | €34,354 | €30,059 | -€4,294 | -12.5% |
| Furniture and vehicles | 24 | €53,156 | €34,860 | -€18,296 | -34.4% |
| Current assets | 29/58 | €3,019,728 | €2,726,530 | -€293,198 | -9.7% |
| Amounts receivable after more than one year | 29 | €2,000,000 | €2,000,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,000,000 | €2,000,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €276,408 | €318,245 | +€41,838 | +15.1% |
| Trade receivables | 40 | €0 | €27,256 | +€27,256 | |
| Other amounts receivable | 41 | €276,408 | €290,990 | +€14,582 | +5.3% |
| Cash at bank and in hand | 54/58 | €740,570 | €407,320 | -€333,250 | -45.0% |
| Deferred charges and accrued income | 490/1 | €2,750 | €964 | -€1,785 | -64.9% |
| Total equity and liabilities | 10/49 | €3,805,581 | €5,234,016 | +€1.4m | +37.5% |
| Equity | 10/15 | €2,099,338 | €2,203,186 | +€103,848 | +4.9% |
| Contributions | 10/11 | €1,588,730 | €1,588,730 | = | 0.0% |
| Reserves | 13 | €510,608 | €614,456 | +€103,848 | +20.3% |
| Distributable reserves | 133 | €510,608 | €614,456 | +€103,848 | +20.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,706,243 | €3,030,830 | +€1.3m | +77.6% |
| Amounts payable after more than one year | 17 | €517,331 | €1,844,624 | +€1.3m | +257% |
| Financial debts | 170/4 | €17,331 | €1,344,624 | +€1.3m | +7,658% |
| Other amounts payable | 178/9 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,188,912 | €1,186,207 | -€2,705 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €40,634 | €88,515 | +€47,880 | +118% |
| Trade debts | 44 | €2,265 | €0 | -€2,265 | -100% |
| Suppliers | 440/4 | €2,265 | €0 | -€2,265 | -100% |
| Taxes, remuneration and social security | 45 | €39,992 | €6,566 | -€33,425 | -83.6% |
| Taxes | 450/3 | €39,992 | €6,566 | -€33,425 | -83.6% |
| Other amounts payable | 47/48 | €1,106,021 | €1,091,126 | -€14,895 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,844 | €73,732 | -€2,113 | -2.8% |
| Other operating charges | 640/8 | €4,398 | €2,823 | -€1,576 | -35.8% |
| Gross operating margin | 9900 | €242,018 | €254,813 | +€12,795 | +5.3% |
| Operating profit (loss) | 9901 | €161,775 | €178,259 | +€16,483 | +10.2% |
| Financial income | 75/76B | €8,017 | €6,663 | -€1,354 | -16.9% |
| Recurring financial income | 75 | €8,017 | €6,663 | -€1,354 | -16.9% |
| Financial charges | 65/66B | €56,247 | €28,386 | -€27,860 | -49.5% |
| Recurring financial charges | 65 | €56,247 | €28,386 | -€27,860 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | €113,546 | €156,536 | +€42,990 | +37.9% |
| Income taxes | 67/77 | €31,873 | €45,011 | +€13,138 | +41.2% |
| Profit (loss) for the period | 9904 | €81,673 | €111,525 | +€29,852 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €81,673 | €111,525 | +€29,852 | +36.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.