BOLO works: 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.
BOLO works
Largest movements
- Cash +€39,271
up €39,271 (+61.0%), from €64,352 to €103,624
mainly Other debts (+€39,843) and Net result for the year (+€18,917)
- Receivables within one year -€5,405
down €5,405 (-56.9%), from €9,506 to €4,100
of which Other amounts receivable: -€5,004
- Tangible fixed assets -€1,955
down €1,955 (-33.8%), from €5,790 to €3,835
- Other debts +€39,843
up €39,843 (+195%), from €20,451 to €60,294
- Reserves -€17,083
down €17,083 (-37.1%), from €46,070 to €28,987
- Trade debts +€7,221
up €7,221 (+72.4%), from €9,969 to €17,190
- Tax, wage and social debts +€1,966
up €1,966 (+91.2%), from €2,157 to €4,124
- Gross operating margin +€13,434
up €13,434 (+98.8%), from €13,603 to €27,037
- Taxes +€2,398
up €2,398 (+82.7%), from €2,900 to €5,297
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 | €79,648 | €111,595 | +€31,947 | +40.1% |
| Fixed assets | 21/28 | €5,790 | €3,835 | -€1,955 | -33.8% |
| Tangible fixed assets | 22/27 | €5,790 | €3,835 | -€1,955 | -33.8% |
| Other tangible fixed assets | 26 | €5,790 | €3,835 | -€1,955 | -33.8% |
| Current assets | 29/58 | €73,858 | €107,761 | +€33,903 | +45.9% |
| Amounts receivable within one year | 40/41 | €9,506 | €4,100 | -€5,405 | -56.9% |
| Trade receivables | 40 | €401 | - | -€401 | |
| Other amounts receivable | 41 | €9,105 | €4,100 | -€5,004 | -55.0% |
| Cash at bank and in hand | 54/58 | €64,352 | €103,624 | +€39,271 | +61.0% |
| Deferred charges and accrued income | 490/1 | - | €36 | +€36 | |
| Total equity and liabilities | 10/49 | €79,648 | €111,595 | +€31,947 | +40.1% |
| Equity | 10/15 | €47,070 | €29,987 | -€17,083 | -36.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €46,070 | €28,987 | -€17,083 | -37.1% |
| Distributable reserves | 133 | €46,070 | €28,987 | -€17,083 | -37.1% |
| Amounts payable | 17/49 | €32,577 | €81,608 | +€49,031 | +151% |
| Amounts payable within one year | 42/48 | €32,577 | €81,608 | +€49,031 | +151% |
| Trade debts | 44 | €9,969 | €17,190 | +€7,221 | +72.4% |
| Suppliers | 440/4 | €9,969 | €17,190 | +€7,221 | +72.4% |
| Taxes, remuneration and social security | 45 | €2,157 | €4,124 | +€1,966 | +91.2% |
| Taxes | 450/3 | €2,157 | €4,124 | +€1,966 | +91.2% |
| Other amounts payable | 47/48 | €20,451 | €60,294 | +€39,843 | +195% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,920 | €1,955 | +€35 | +1.8% |
| Other operating charges | 640/8 | €727 | €800 | +€74 | +10.2% |
| Gross operating margin | 9900 | €13,603 | €27,037 | +€13,434 | +98.8% |
| Operating profit (loss) | 9901 | €10,957 | €24,282 | +€13,325 | +122% |
| Financial charges | 65/66B | €183 | €67 | -€116 | -63.2% |
| Recurring financial charges | 65 | €183 | €67 | -€116 | -63.2% |
| Profit (loss) for the period before taxes | 9903 | €10,774 | €24,214 | +€13,441 | +125% |
| Income taxes | 67/77 | €2,900 | €5,297 | +€2,398 | +82.7% |
| Profit (loss) for the period | 9904 | €7,874 | €18,917 | +€11,043 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €7,874 | €18,917 | +€11,043 | +140% |
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 21 October 2026 via checked.be.