BOLT REAL ESTATE: 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.
BOLT REAL ESTATE
Largest movements
- Cash +€162,732
up €162,732 (+260%), from €62,629 to €225,361
mainly Net result for the year (+€142,394) and Trade debts (+€31,764)
- Receivables within one year +€29,772
up €29,772 (+20.5%), from €145,307 to €175,078
of which Trade receivables: +€29,570
- Tangible fixed assets -€16,712
down €16,712 (-21.2%), from €78,841 to €62,129
of which Furniture and vehicles: -€9,263
- Profit (loss) carried forward +€142,394
up €142,394 (+47.6%), from -€299,299 to -€156,906
- Trade debts +€31,764
up €31,764 (+36.2%), from €87,647 to €119,411
- Gross operating margin +€499,020
up €499,020, from -€244,461 to €254,559
- Staff costs +€48,234
up €48,234 (+350%), from €13,790 to €62,024
- Other operating charges +€4,999
up €4,999 (+46.4%), from €10,767 to €15,766
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 | €327,844 | €502,159 | +€174,315 | +53.2% |
| Fixed assets | 21/28 | €104,261 | €82,643 | -€21,618 | -20.7% |
| Intangible fixed assets | 21 | €18,220 | €13,314 | -€4,906 | -26.9% |
| Tangible fixed assets | 22/27 | €78,841 | €62,129 | -€16,712 | -21.2% |
| Furniture and vehicles | 24 | €47,430 | €38,167 | -€9,263 | -19.5% |
| Other tangible fixed assets | 26 | €31,411 | €23,963 | -€7,448 | -23.7% |
| Financial fixed assets | 28 | €7,200 | €7,200 | = | 0.0% |
| Current assets | 29/58 | €223,583 | €419,516 | +€195,933 | +87.6% |
| Amounts receivable within one year | 40/41 | €145,307 | €175,078 | +€29,772 | +20.5% |
| Trade receivables | 40 | €145,307 | €174,877 | +€29,570 | +20.4% |
| Other amounts receivable | 41 | - | €201 | +€201 | |
| Cash at bank and in hand | 54/58 | €62,629 | €225,361 | +€162,732 | +260% |
| Deferred charges and accrued income | 490/1 | €15,648 | €19,077 | +€3,429 | +21.9% |
| Total equity and liabilities | 10/49 | €327,844 | €502,159 | +€174,315 | +53.2% |
| Equity | 10/15 | -€99,299 | €43,094 | +€142,394 | |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€299,299 | -€156,906 | +€142,394 | +47.6% |
| Amounts payable | 17/49 | €427,143 | €459,065 | +€31,922 | +7.5% |
| Amounts payable after more than one year | 17 | €300,000 | €300,000 | = | 0.0% |
| Financial debts | 170/4 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €120,395 | €152,598 | +€32,203 | +26.7% |
| Trade debts | 44 | €87,647 | €119,411 | +€31,764 | +36.2% |
| Suppliers | 440/4 | €87,647 | €119,411 | +€31,764 | +36.2% |
| Taxes, remuneration and social security | 45 | €28,476 | €32,689 | +€4,212 | +14.8% |
| Taxes | 450/3 | €28,476 | €32,411 | +€3,935 | +13.8% |
| Remuneration and social security | 454/9 | - | €278 | +€278 | |
| Other amounts payable | 47/48 | €4,272 | €498 | -€3,773 | -88.3% |
| Accrued charges and deferred income | 492/3 | €6,748 | €6,467 | -€282 | -4.2% |
| Non-recurring operating income | 76A | - | €2,308 | +€2,308 | |
| Remuneration, social security and pensions | 62 | €13,790 | €62,024 | +€48,234 | +350% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,985 | €25,644 | +€1,659 | +6.9% |
| Other operating charges | 640/8 | €10,767 | €15,766 | +€4,999 | +46.4% |
| Gross operating margin | 9900 | -€244,461 | €254,559 | +€499,020 | |
| Operating profit (loss) | 9901 | -€293,003 | €151,126 | +€444,129 | |
| Financial income | 75/76B | €34 | €9 | -€25 | -73.7% |
| Recurring financial income | 75 | €34 | €9 | -€25 | -73.7% |
| Financial charges | 65/66B | €6,330 | €8,740 | +€2,410 | +38.1% |
| Recurring financial charges | 65 | €6,330 | €8,740 | +€2,410 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | -€299,299 | €142,395 | +€441,694 | |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€299,299 | €142,394 | +€441,693 | |
| Profit (loss) for the period to be appropriated | 9905 | -€299,299 | €142,394 | +€441,693 |
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 28 October 2026 via checked.be.