BOLWOL: 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.
BOLWOL
Largest movements
- Tangible fixed assets -€71,019
down €71,019 (-3.0%), from €2.4m to €2.3m
- Cash +€29,070
up €29,070 (+76.1%), from €38,175 to €67,244
mainly Depreciation (+€71,019) and Net result for the year (+€55,099)
- Debts after one year -€102,930
down €102,930 (-5.8%), from €1.8m to €1.7m
- Reserves +€55,160
up €55,160 (+44.7%), from €123,300 to €178,460
- Gross operating margin +€7,708
up €7,708 (+4.8%), from €160,556 to €168,264
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 | €2,443,462 | €2,383,740 | -€59,722 | -2.4% |
| Fixed assets | 21/28 | €2,379,785 | €2,308,766 | -€71,019 | -3.0% |
| Tangible fixed assets | 22/27 | €2,379,785 | €2,308,766 | -€71,019 | -3.0% |
| Land and buildings | 22 | €2,379,785 | €2,308,766 | -€71,019 | -3.0% |
| Current assets | 29/58 | €63,677 | €74,974 | +€11,297 | +17.7% |
| Amounts receivable within one year | 40/41 | €25,502 | €7,730 | -€17,773 | -69.7% |
| Other amounts receivable | 41 | €25,502 | €7,730 | -€17,773 | -69.7% |
| Cash at bank and in hand | 54/58 | €38,175 | €67,244 | +€29,070 | +76.1% |
| Total equity and liabilities | 10/49 | €2,443,462 | €2,383,740 | -€59,722 | -2.4% |
| Equity | 10/15 | €153,365 | €208,463 | +€55,099 | +35.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €123,300 | €178,460 | +€55,160 | +44.7% |
| Distributable reserves | 133 | €123,300 | €178,460 | +€55,160 | +44.7% |
| Profit (loss) carried forward | 14 | €65 | €3 | -€61 | -95.0% |
| Amounts payable | 17/49 | €2,290,097 | €2,175,277 | -€114,820 | -5.0% |
| Amounts payable after more than one year | 17 | €1,770,298 | €1,667,368 | -€102,930 | -5.8% |
| Financial debts | 170/4 | €1,770,298 | €1,667,368 | -€102,930 | -5.8% |
| Amounts payable within one year | 42/48 | €519,799 | €507,908 | -€11,891 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €101,631 | €102,908 | +€1,278 | +1.3% |
| Taxes, remuneration and social security | 45 | €13,169 | - | -€13,169 | |
| Taxes | 450/3 | €13,169 | - | -€13,169 | |
| Other amounts payable | 47/48 | €405,000 | €405,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,019 | €71,019 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €160,556 | €168,264 | +€7,708 | +4.8% |
| Operating profit (loss) | 9901 | €88,570 | €96,247 | +€7,677 | +8.7% |
| Financial charges | 65/66B | €24,612 | €23,372 | -€1,240 | -5.0% |
| Recurring financial charges | 65 | €24,612 | €23,372 | -€1,240 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €63,958 | €72,875 | +€8,917 | +13.9% |
| Transfer to deferred taxes | 680 | €1,410 | €17,777 | +€16,367 | +1,161% |
| Profit (loss) for the period | 9904 | €62,548 | €55,099 | -€7,450 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €62,548 | €55,099 | -€7,450 | -11.9% |
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 17 October 2026 via checked.be.