BOLT management: 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.
BOLT management
Largest movements
- Current investments -€30,560
down €30,560 (-42.6%), from €71,659 to €41,098
- Cash -€13,908
down €13,908 (-59.6%), from €23,348 to €9,439
mainly Net result for the year (-€32,493) and Other debts (-€17,082)
- Tangible fixed assets -€7,327
down €7,327 (-52.5%), from €13,951 to €6,625
of which Furniture and vehicles: -€7,327
- Receivables within one year +€2,887
up €2,887 (+11.8%), from €24,369 to €27,256
of which Trade receivables: +€3,146
- Reserves -€32,493
down €32,493 (-40.9%), from €79,460 to €46,967
- Other debts -€17,082
down €17,082 (-90.6%), from €18,862 to €1,780
- Tax, wage and social debts +€1,763
up €1,763 (+11.7%), from €15,110 to €16,874
of which Taxes: +€2,400
- Short-term financial debts -€1,605
down €1,605 (-91.2%), from €1,759 to €155
- Gross operating margin -€94,648
down €94,648, from €69,939 to -€24,709
- Taxes -€13,426
down €13,426 (-96.5%), from €13,916 to €489
- Depreciation -€2,750
down €2,750 (-27.3%), from €10,077 to €7,327
- Financial income +€1,198
up €1,198 (+147.3%), from €813 to €2,012
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 | €134,459 | €85,559 | -€48,901 | -36.4% |
| Fixed assets | 21/28 | €13,951 | €6,625 | -€7,327 | -52.5% |
| Tangible fixed assets | 22/27 | €13,951 | €6,625 | -€7,327 | -52.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €13,951 | €6,625 | -€7,327 | -52.5% |
| Current assets | 29/58 | €120,508 | €78,934 | -€41,574 | -34.5% |
| Amounts receivable within one year | 40/41 | €24,369 | €27,256 | +€2,887 | +11.8% |
| Trade receivables | 40 | €21,478 | €24,624 | +€3,146 | +14.6% |
| Other amounts receivable | 41 | €2,891 | €2,633 | -€259 | -8.9% |
| Current investments | 50/53 | €71,659 | €41,098 | -€30,560 | -42.6% |
| Cash at bank and in hand | 54/58 | €23,348 | €9,439 | -€13,908 | -59.6% |
| Deferred charges and accrued income | 490/1 | €1,133 | €1,140 | +€7 | +0.7% |
| Total equity and liabilities | 10/49 | €134,459 | €85,559 | -€48,901 | -36.4% |
| Equity | 10/15 | €98,010 | €65,517 | -€32,493 | -33.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €79,460 | €46,967 | -€32,493 | -40.9% |
| Distributable reserves | 133 | €79,460 | €46,967 | -€32,493 | -40.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,449 | €20,042 | -€16,407 | -45.0% |
| Amounts payable within one year | 42/48 | €36,449 | €20,042 | -€16,407 | -45.0% |
| Financial debts | 43 | €1,759 | €155 | -€1,605 | -91.2% |
| Credit institutions | 430/8 | €1,759 | €155 | -€1,605 | -91.2% |
| Trade debts | 44 | €718 | €1,234 | +€516 | +71.8% |
| Suppliers | 440/4 | €718 | €1,234 | +€516 | +71.8% |
| Taxes, remuneration and social security | 45 | €15,110 | €16,874 | +€1,763 | +11.7% |
| Taxes | 450/3 | €14,473 | €16,874 | +€2,400 | +16.6% |
| Remuneration and social security | 454/9 | €637 | - | -€637 | |
| Other amounts payable | 47/48 | €18,862 | €1,780 | -€17,082 | -90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,077 | €7,327 | -€2,750 | -27.3% |
| Other operating charges | 640/8 | €1,097 | €1,124 | +€27 | +2.5% |
| Gross operating margin | 9900 | €69,939 | -€24,709 | -€94,648 | |
| Operating profit (loss) | 9901 | €58,765 | -€33,160 | -€91,925 | |
| Financial income | 75/76B | €813 | €2,012 | +€1,198 | +147.3% |
| Recurring financial income | 75 | €813 | €2,012 | +€1,198 | +147.3% |
| Financial charges | 65/66B | €1,028 | €855 | -€172 | -16.8% |
| Recurring financial charges | 65 | €1,028 | €855 | -€172 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €58,550 | -€32,004 | -€90,554 | |
| Income taxes | 67/77 | €13,916 | €489 | -€13,426 | -96.5% |
| Profit (loss) for the period | 9904 | €44,635 | -€32,493 | -€77,128 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,635 | -€32,493 | -€77,128 |
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 5 October 2026 via checked.be.