BOLSO: 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.
BOLSO
Largest movements
- Tangible fixed assets +€12,847
up €12,847 (+60.9%), from €21,100 to €33,948
- Cash +€4,739
up €4,739 (+6.1%), from €78,290 to €83,029
mainly Net result for the year (+€20,611) and Debts after one year (+€4,259)
- Stocks and contracts +€3,194
up €3,194 (+540.2%), from €591 to €3,785
- Profit (loss) carried forward +€20,611
up €20,611 (+30.5%), from €67,674 to €88,285
- Debts after one year +€4,259
up €4,259 (+453.1%), from €940 to €5,199
- Current portion of long-term debt -€2,691
down €2,691 (-32.6%), from €8,244 to €5,553
- Trade debts +€2,180
up €2,180 (+54.5%), from €3,999 to €6,179
- Tax, wage and social debts -€1,569
down €1,569 (-16.3%), from €9,602 to €8,033
of which Remuneration and social security: -€4,502
- Gross operating margin -€26,637
down €26,637 (-42.7%), from €62,351 to €35,714
- Financial income -€14,484
down €14,484 (-96.4%), from €15,023 to €539
- Depreciation +€3,137
up €3,137 (+302.1%), from €1,038 to €4,175
- Taxes +€2,398
up €2,398 (+47.0%), from €5,100 to €7,499
- Financial charges -€1,135
down €1,135 (-27.0%), from €4,203 to €3,068
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 | €111,867 | €133,710 | +€21,843 | +19.5% |
| Fixed assets | 21/28 | €30,100 | €42,948 | +€12,847 | +42.7% |
| Tangible fixed assets | 22/27 | €21,100 | €33,948 | +€12,847 | +60.9% |
| Plant, machinery and equipment | 23 | €21,100 | €33,948 | +€12,847 | +60.9% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €81,766 | €90,763 | +€8,996 | +11.0% |
| Stocks and contracts in progress | 3 | €591 | €3,785 | +€3,194 | +540.2% |
| Stocks | 30/36 | €591 | €3,785 | +€3,194 | +540.2% |
| Amounts receivable within one year | 40/41 | €2,885 | €3,949 | +€1,064 | +36.9% |
| Other amounts receivable | 41 | €2,885 | €3,949 | +€1,064 | +36.9% |
| Cash at bank and in hand | 54/58 | €78,290 | €83,029 | +€4,739 | +6.1% |
| Total equity and liabilities | 10/49 | €111,867 | €133,710 | +€21,843 | +19.5% |
| Equity | 10/15 | €88,134 | €108,745 | +€20,611 | +23.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,674 | €88,285 | +€20,611 | +30.5% |
| Amounts payable | 17/49 | €23,733 | €24,965 | +€1,232 | +5.2% |
| Amounts payable after more than one year | 17 | €940 | €5,199 | +€4,259 | +453.1% |
| Financial debts | 170/4 | €940 | €5,199 | +€4,259 | +453.1% |
| Amounts payable within one year | 42/48 | €22,793 | €19,766 | -€3,027 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €8,244 | €5,553 | -€2,691 | -32.6% |
| Trade debts | 44 | €3,999 | €6,179 | +€2,180 | +54.5% |
| Suppliers | 440/4 | €3,999 | €6,179 | +€2,180 | +54.5% |
| Taxes, remuneration and social security | 45 | €9,602 | €8,033 | -€1,569 | -16.3% |
| Taxes | 450/3 | €5,100 | €8,033 | +€2,933 | +57.5% |
| Remuneration and social security | 454/9 | €4,502 | - | -€4,502 | |
| Other amounts payable | 47/48 | €948 | - | -€948 | |
| Remuneration, social security and pensions | 62 | €1,020 | €900 | -€120 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,038 | €4,175 | +€3,137 | +302.1% |
| Gross operating margin | 9900 | €62,351 | €35,714 | -€26,637 | -42.7% |
| Operating profit (loss) | 9901 | €60,292 | €30,639 | -€29,653 | -49.2% |
| Financial income | 75/76B | €15,023 | €539 | -€14,484 | -96.4% |
| Recurring financial income | 75 | €15,023 | €539 | -€14,484 | -96.4% |
| Financial charges | 65/66B | €4,203 | €3,068 | -€1,135 | -27.0% |
| Recurring financial charges | 65 | €4,203 | €3,068 | -€1,135 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €71,112 | €28,110 | -€43,002 | -60.5% |
| Income taxes | 67/77 | €5,100 | €7,499 | +€2,398 | +47.0% |
| Profit (loss) for the period | 9904 | €66,012 | €20,611 | -€45,401 | -68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,012 | €20,611 | -€45,401 | -68.8% |
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 9 October 2026 via checked.be.