BOOTSTRAP: 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.
BOOTSTRAP
Largest movements
- Receivables within one year +€2,596
up €2,596 (+20.4%), from €12,698 to €15,294
of which Trade receivables: +€3,413
- Cash +€1,853
up €1,853 (+12.2%), from €15,211 to €17,064
mainly Net result for the year (+€6,399) and Tax, wage and social debts (+€3,604)
- Tangible fixed assets -€372
down €372 (-26.2%), from €1,421 to €1,049
- Reserves +€6,399
up €6,399 (+59.8%), from €10,698 to €17,097
- Other debts -€3,838
down €3,838 (-99.8%), from €3,847 to €9
- Tax, wage and social debts +€3,604
up €3,604 (+66.3%), from €5,440 to €9,044
- Short-term financial debts -€1,584
down €1,584 (-70.1%), from €2,259 to €675
- Trade debts -€444
down €444 (-8.4%), from €5,253 to €4,809
- Gross operating margin +€4,937
up €4,937 (+80.0%), from €6,171 to €11,109
- Taxes +€1,626
up €1,626 (+85.8%), from €1,894 to €3,520
- Depreciation +€306
up €306 (+463%), from €66 to €372
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 | €29,554 | €33,691 | +€4,137 | +14.0% |
| Fixed assets | 21/28 | €1,564 | €1,192 | -€372 | -23.8% |
| Tangible fixed assets | 22/27 | €1,421 | €1,049 | -€372 | -26.2% |
| Furniture and vehicles | 24 | €1,421 | €1,049 | -€372 | -26.2% |
| Financial fixed assets | 28 | €143 | €143 | = | 0.0% |
| Current assets | 29/58 | €27,990 | €32,499 | +€4,509 | +16.1% |
| Amounts receivable within one year | 40/41 | €12,698 | €15,294 | +€2,596 | +20.4% |
| Trade receivables | 40 | €9,250 | €12,662 | +€3,413 | +36.9% |
| Other amounts receivable | 41 | €3,449 | €2,632 | -€817 | -23.7% |
| Cash at bank and in hand | 54/58 | €15,211 | €17,064 | +€1,853 | +12.2% |
| Deferred charges and accrued income | 490/1 | €81 | €141 | +€60 | +74.6% |
| Total equity and liabilities | 10/49 | €29,554 | €33,691 | +€4,137 | +14.0% |
| Equity | 10/15 | €12,755 | €19,154 | +€6,399 | +50.2% |
| Contributions | 10/11 | €2,057 | €2,057 | = | 0.0% |
| Reserves | 13 | €10,698 | €17,097 | +€6,399 | +59.8% |
| Distributable reserves | 133 | €10,698 | €17,097 | +€6,399 | +59.8% |
| Amounts payable | 17/49 | €16,799 | €14,537 | -€2,262 | -13.5% |
| Amounts payable within one year | 42/48 | €16,799 | €14,537 | -€2,262 | -13.5% |
| Financial debts | 43 | €2,259 | €675 | -€1,584 | -70.1% |
| Credit institutions | 430/8 | €2,259 | €675 | -€1,584 | -70.1% |
| Trade debts | 44 | €5,253 | €4,809 | -€444 | -8.4% |
| Suppliers | 440/4 | €5,253 | €4,809 | -€444 | -8.4% |
| Taxes, remuneration and social security | 45 | €5,440 | €9,044 | +€3,604 | +66.3% |
| Taxes | 450/3 | €5,440 | €9,044 | +€3,604 | +66.3% |
| Other amounts payable | 47/48 | €3,847 | €9 | -€3,838 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66 | €372 | +€306 | +463% |
| Other operating charges | 640/8 | €513 | €463 | -€50 | -9.8% |
| Gross operating margin | 9900 | €6,171 | €11,109 | +€4,937 | +80.0% |
| Operating profit (loss) | 9901 | €5,592 | €10,274 | +€4,682 | +83.7% |
| Financial charges | 65/66B | €382 | €355 | -€27 | -7.1% |
| Recurring financial charges | 65 | €382 | €355 | -€27 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €5,210 | €9,919 | +€4,709 | +90.4% |
| Income taxes | 67/77 | €1,894 | €3,520 | +€1,626 | +85.8% |
| Profit (loss) for the period | 9904 | €3,316 | €6,399 | +€3,083 | +93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,316 | €6,399 | +€3,083 | +93.0% |
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 19 October 2026 via checked.be.