BOLS: 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.
BOLS
Largest movements
- Receivables within one year +€45,999
up €45,999 (+18.1%), from €254,400 to €300,399
of which Other amounts receivable: +€86,799
- Reserves +€109,828
up €109,828 (+14.1%), from €776,685 to €886,513
of which Distributable reserves: +€109,828
- Current portion of long-term debt -€100,019
down €100,019 (-95.6%), from €104,626 to €4,607
- Tax, wage and social debts +€32,816
up €32,816 (+136.1%), from €24,114 to €56,930
- Gross operating margin +€31,713
up €31,713 (+18.4%), from €171,983 to €203,696
- Taxes +€12,597
up €12,597 (+23.9%), from €52,645 to €65,242
- Financial income +€4,901
new in 2025: €4,901
- Financial charges -€2,082
down €2,082 (-41.4%), from €5,028 to €2,946
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 | €958,762 | €1,007,885 | +€49,123 | +5.1% |
| Fixed assets | 21/28 | €700,607 | €705,978 | +€5,372 | +0.8% |
| Tangible fixed assets | 22/27 | €2,193 | €7,564 | +€5,372 | +245.0% |
| Land and buildings | 22 | - | €6,713 | +€6,713 | |
| Plant, machinery and equipment | 23 | €2,193 | €500 | -€1,693 | -77.2% |
| Furniture and vehicles | 24 | - | €351 | +€351 | |
| Financial fixed assets | 28 | €698,414 | €698,414 | = | 0.0% |
| Current assets | 29/58 | €258,155 | €301,906 | +€43,751 | +16.9% |
| Amounts receivable within one year | 40/41 | €254,400 | €300,399 | +€45,999 | +18.1% |
| Trade receivables | 40 | €54,400 | €13,600 | -€40,800 | -75.0% |
| Other amounts receivable | 41 | €200,000 | €286,799 | +€86,799 | +43.4% |
| Cash at bank and in hand | 54/58 | €3,755 | €1,507 | -€2,248 | -59.9% |
| Total equity and liabilities | 10/49 | €958,762 | €1,007,885 | +€49,123 | +5.1% |
| Equity | 10/15 | €789,085 | €898,913 | +€109,828 | +13.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €776,685 | €886,513 | +€109,828 | +14.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €774,830 | €884,658 | +€109,828 | +14.2% |
| Amounts payable | 17/49 | €169,677 | €108,972 | -€60,705 | -35.8% |
| Amounts payable within one year | 42/48 | €169,677 | €108,972 | -€60,705 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €104,626 | €4,607 | -€100,019 | -95.6% |
| Trade debts | 44 | €13,548 | €19,385 | +€5,837 | +43.1% |
| Suppliers | 440/4 | €13,548 | €19,385 | +€5,837 | +43.1% |
| Taxes, remuneration and social security | 45 | €24,114 | €56,930 | +€32,816 | +136.1% |
| Taxes | 450/3 | €24,114 | €56,930 | +€32,816 | +136.1% |
| Other amounts payable | 47/48 | €27,389 | €28,050 | +€661 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,341 | €1,412 | +€71 | +5.3% |
| Other operating charges | 640/8 | €505 | €1,118 | +€613 | +121.3% |
| Gross operating margin | 9900 | €171,983 | €203,696 | +€31,713 | +18.4% |
| Operating profit (loss) | 9901 | €170,136 | €201,165 | +€31,029 | +18.2% |
| Financial income | 75/76B | - | €4,901 | +€4,901 | |
| Recurring financial income | 75 | - | €4,901 | +€4,901 | |
| Financial charges | 65/66B | €5,028 | €2,946 | -€2,082 | -41.4% |
| Recurring financial charges | 65 | €5,028 | €2,946 | -€2,082 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €165,108 | €203,120 | +€38,012 | +23.0% |
| Income taxes | 67/77 | €52,645 | €65,242 | +€12,597 | +23.9% |
| Profit (loss) for the period | 9904 | €112,463 | €137,878 | +€25,415 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €112,463 | €137,878 | +€25,415 | +22.6% |
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 8 October 2026 via checked.be.