BOLSTER: 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.
BOLSTER
Largest movements
- Cash -€266,741
down €266,741 (-52.9%), from €504,671 to €237,930
mainly Receivables within one year (-€217,916) and Investment in fixed assets (net) (-€189,078)
- Receivables within one year +€217,916
up €217,916 (+136.0%), from €160,225 to €378,141
of which Trade receivables: +€175,031
- Tangible fixed assets +€118,360
up €118,360 (+118.6%), from €99,809 to €218,169
of which Leasing and similar rights: +€123,374
- Debts after one year +€98,587
up €98,587 (+861.4%), from €11,446 to €110,033
- Other debts -€67,210
down €67,210 (-54.8%), from €122,748 to €55,537
- Profit (loss) carried forward +€55,033
up €55,033 (+16.6%), from €332,173 to €387,206
- Tax, wage and social debts -€17,654
down €17,654 (-23.1%), from €76,457 to €58,803
of which Remuneration and social security: -€18,441
- Accrued charges and deferred income -€10,678
down €10,678 (-19.9%), from €53,678 to €43,000
- Purchases and services +€90,586
up €90,586 (+3.8%), from €2.4m to €2.5m
- Gross operating margin -€80,030
down €80,030 (-7.7%), from €1.0m to €962,327
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 | €870,461 | €938,847 | +€68,386 | +7.9% |
| Fixed assets | 21/28 | €107,253 | €221,891 | +€114,638 | +106.9% |
| Intangible fixed assets | 21 | €7,444 | €3,722 | -€3,722 | -50.0% |
| Tangible fixed assets | 22/27 | €99,809 | €218,169 | +€118,360 | +118.6% |
| Plant, machinery and equipment | 23 | €71,649 | €66,755 | -€4,894 | -6.8% |
| Furniture and vehicles | 24 | €19,450 | €14,857 | -€4,593 | -23.6% |
| Leasing and similar rights | 25 | €2,903 | €126,277 | +€123,374 | +4250.3% |
| Other tangible fixed assets | 26 | €5,806 | €10,280 | +€4,474 | +77.0% |
| Current assets | 29/58 | €763,208 | €716,957 | -€46,252 | -6.1% |
| Stocks and contracts in progress | 3 | €84,025 | €81,069 | -€2,956 | -3.5% |
| Stocks | 30/36 | €84,025 | €81,069 | -€2,956 | -3.5% |
| Amounts receivable within one year | 40/41 | €160,225 | €378,141 | +€217,916 | +136.0% |
| Trade receivables | 40 | €135,439 | €310,471 | +€175,031 | +129.2% |
| Other amounts receivable | 41 | €24,785 | €67,670 | +€42,885 | +173.0% |
| Cash at bank and in hand | 54/58 | €504,671 | €237,930 | -€266,741 | -52.9% |
| Deferred charges and accrued income | 490/1 | €14,289 | €19,817 | +€5,528 | +38.7% |
| Total equity and liabilities | 10/49 | €870,461 | €938,847 | +€68,386 | +7.9% |
| Equity | 10/15 | €383,205 | €438,238 | +€55,033 | +14.4% |
| Contributions | 10/11 | €31,503 | €31,503 | = | 0.0% |
| Reserves | 13 | €19,529 | €19,529 | = | 0.0% |
| Distributable reserves | 133 | €19,529 | €19,529 | = | 0.0% |
| Profit (loss) carried forward | 14 | €332,173 | €387,206 | +€55,033 | +16.6% |
| Amounts payable | 17/49 | €487,257 | €500,610 | +€13,353 | +2.7% |
| Amounts payable after more than one year | 17 | €11,446 | €110,033 | +€98,587 | +861.4% |
| Financial debts | 170/4 | €11,446 | €110,033 | +€98,587 | +861.4% |
| Amounts payable within one year | 42/48 | €422,133 | €347,577 | -€74,557 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €24,883 | €32,784 | +€7,900 | +31.7% |
| Trade debts | 44 | €198,045 | €200,453 | +€2,408 | +1.2% |
| Suppliers | 440/4 | €198,045 | €200,453 | +€2,408 | +1.2% |
| Taxes, remuneration and social security | 45 | €76,457 | €58,803 | -€17,654 | -23.1% |
| Taxes | 450/3 | €5,215 | €6,002 | +€787 | +15.1% |
| Remuneration and social security | 454/9 | €71,242 | €52,801 | -€18,441 | -25.9% |
| Other amounts payable | 47/48 | €122,748 | €55,537 | -€67,210 | -54.8% |
| Accrued charges and deferred income | 492/3 | €53,678 | €43,000 | -€10,678 | -19.9% |
| Turnover | 70 | €3,376,054 | €3,347,328 | -€28,726 | -0.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,414,648 | €2,505,234 | +€90,586 | +3.8% |
| Remuneration, social security and pensions | 62 | €721,355 | €741,494 | +€20,139 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,138 | €74,440 | +€20,302 | +37.5% |
| Other operating charges | 640/8 | €1,536 | €887 | -€649 | -42.2% |
| Gross operating margin | 9900 | €1,042,358 | €962,327 | -€80,030 | -7.7% |
| Operating profit (loss) | 9901 | €265,329 | €145,507 | -€119,822 | -45.2% |
| Financial income | 75/76B | €6,906 | €9,073 | +€2,167 | +31.4% |
| Recurring financial income | 75 | €6,906 | €9,073 | +€2,167 | +31.4% |
| Financial charges | 65/66B | €6,756 | €6,859 | +€102 | +1.5% |
| Recurring financial charges | 65 | €4,635 | €6,859 | +€2,224 | +48.0% |
| Non-recurring financial charges | 66B | €2,121 | - | -€2,121 | |
| Profit (loss) for the period before taxes | 9903 | €265,479 | €147,721 | -€117,757 | -44.4% |
| Income taxes | 67/77 | €68,706 | €37,655 | -€31,051 | -45.2% |
| Profit (loss) for the period | 9904 | €196,773 | €110,066 | -€86,707 | -44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €196,773 | €110,066 | -€86,707 | -44.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.