BOLWERK: 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.
BOLWERK
Largest movements
- Tangible fixed assets +€55,053
up €55,053 (+54.7%), from €100,665 to €155,718
- Receivables after one year +€18,845
up €18,845 (+7.6%), from €248,471 to €267,316
- Debts after one year +€65,456
up €65,456 (+247%), from €26,514 to €91,969
of which Financial debts: +€65,456
- Trade debts +€20,930
up €20,930 (+158%), from €13,265 to €34,194
- Tax, wage and social debts -€7,000
no longer reported in 2023 (was €7,000)
- Financial income -€6,273
no longer reported in 2023 (was €6,273)
- Gross operating margin -€4,478
down €4,478 (-16.6%), from €27,041 to €22,563
- Depreciation +€3,930
up €3,930 (+35.8%), from €10,977 to €14,907
- Taxes +€1,753
new in 2023: €1,753
- Financial charges -€598
down €598 (-36.8%), from €1,628 to €1,029
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €357,694 | €433,943 | +€76,249 | +21.3% |
| Fixed assets | 21/28 | €100,665 | €155,718 | +€55,053 | +54.7% |
| Tangible fixed assets | 22/27 | €100,665 | €155,718 | +€55,053 | +54.7% |
| Land and buildings | 22 | €100,665 | €155,718 | +€55,053 | +54.7% |
| Current assets | 29/58 | €257,029 | €278,225 | +€21,196 | +8.2% |
| Amounts receivable after more than one year | 29 | €248,471 | €267,316 | +€18,845 | +7.6% |
| Trade receivables | 290 | €248,471 | €267,316 | +€18,845 | +7.6% |
| Cash at bank and in hand | 54/58 | €8,559 | €10,909 | +€2,350 | +27.5% |
| Total equity and liabilities | 10/49 | €357,694 | €433,943 | +€76,249 | +21.3% |
| Equity | 10/15 | €306,748 | €304,071 | -€2,677 | -0.9% |
| Contributions | 10/11 | €329,827 | €329,827 | = | 0.0% |
| Capital | 10 | €329,827 | €329,827 | = | 0.0% |
| Issued capital | 100 | €329,827 | €329,827 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,079 | -€25,756 | -€2,677 | -11.6% |
| Amounts payable | 17/49 | €50,946 | €129,872 | +€78,926 | +155% |
| Amounts payable after more than one year | 17 | €26,514 | €91,969 | +€65,456 | +247% |
| Financial debts | 170/4 | €25,000 | €90,456 | +€65,456 | +262% |
| Other amounts payable | 178/9 | €1,514 | €1,514 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,724 | €34,194 | +€13,470 | +65.0% |
| Trade debts | 44 | €13,265 | €34,194 | +€20,930 | +158% |
| Suppliers | 440/4 | €13,265 | €34,194 | +€20,930 | +158% |
| Taxes, remuneration and social security | 45 | €7,000 | - | -€7,000 | |
| Remuneration and social security | 454/9 | €7,000 | - | -€7,000 | |
| Other amounts payable | 47/48 | €460 | - | -€460 | |
| Accrued charges and deferred income | 492/3 | €3,708 | €3,708 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,977 | €14,907 | +€3,930 | +35.8% |
| Other operating charges | 640/8 | €7,960 | €7,426 | -€534 | -6.7% |
| Non-recurring operating charges | 66A | - | €125 | +€125 | |
| Gross operating margin | 9900 | €27,041 | €22,563 | -€4,478 | -16.6% |
| Operating profit (loss) | 9901 | €8,104 | €105 | -€7,999 | -98.7% |
| Financial income | 75/76B | €6,273 | - | -€6,273 | |
| Recurring financial income | 75 | €6,273 | - | -€6,273 | |
| Financial charges | 65/66B | €1,628 | €1,029 | -€598 | -36.8% |
| Recurring financial charges | 65 | €1,628 | €1,029 | -€598 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €12,749 | -€924 | -€13,673 | |
| Income taxes | 67/77 | - | €1,753 | +€1,753 | |
| Profit (loss) for the period | 9904 | €12,749 | -€2,677 | -€15,426 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,749 | -€2,677 | -€15,426 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.