BOULAK: 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.
BOULAK
Largest movements
- Receivables within one year +€28,450
up €28,450 (+15.0%), from €189,517 to €217,967
of which Other amounts receivable: +€28,205
- Cash +€24,223
up €24,223 (+57304.3%), from €42 to €24,265
mainly Tax, wage and social debts (+€38,667) and Trade debts (+€24,603)
- Stocks and contracts -€22,951
down €22,951 (-48.0%), from €47,826 to €24,875
- Tax, wage and social debts +€38,667
up €38,667 (+62.1%), from €62,313 to €100,981
of which Taxes: +€33,582
- Trade debts +€24,603
up €24,603 (+91.7%), from €26,823 to €51,426
- Short-term financial debts -€16,849
no longer reported in 2024 (was €16,849)
- Debts after one year -€16,568
down €16,568 (-29.7%), from €55,860 to €39,292
- Current portion of long-term debt -€13,892
down €13,892 (-57.8%), from €24,044 to €10,152
- Turnover -€426,106
no longer reported in 2024 (was €426,106)
- Purchases and services -€400,950
no longer reported in 2024 (was €400,950)
- Other operating charges +€17,108
up €17,108 (+1791.8%), from €955 to €18,063
- Staff costs -€10,447
down €10,447 (-93.5%), from €11,177 to €730
- Taxes +€8,576
new in 2024: €8,576
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €255,778 | €285,536 | +€29,758 | +11.6% |
| Fixed assets | 21/28 | €15,670 | €15,670 | = | 0.0% |
| Tangible fixed assets | 22/27 | €15,480 | €15,480 | = | 0.0% |
| Plant, machinery and equipment | 23 | €676 | €676 | = | 0.0% |
| Furniture and vehicles | 24 | €14,288 | €14,288 | = | 0.0% |
| Other tangible fixed assets | 26 | €515 | €515 | = | 0.0% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €240,109 | €269,867 | +€29,758 | +12.4% |
| Stocks and contracts in progress | 3 | €47,826 | €24,875 | -€22,951 | -48.0% |
| Stocks | 30/36 | €47,826 | €24,875 | -€22,951 | -48.0% |
| Amounts receivable within one year | 40/41 | €189,517 | €217,967 | +€28,450 | +15.0% |
| Trade receivables | 40 | €186,332 | €186,576 | +€244 | +0.1% |
| Other amounts receivable | 41 | €3,185 | €31,390 | +€28,205 | +885.5% |
| Cash at bank and in hand | 54/58 | €42 | €24,265 | +€24,223 | +57304.3% |
| Deferred charges and accrued income | 490/1 | €2,724 | €2,760 | +€37 | +1.3% |
| Total equity and liabilities | 10/49 | €255,778 | €285,536 | +€29,758 | +11.6% |
| Equity | 10/15 | €18,925 | €20,657 | +€1,731 | +9.1% |
| Contributions | 10/11 | €17,154 | €17,154 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,771 | €3,502 | +€1,731 | +97.8% |
| Amounts payable | 17/49 | €236,853 | €264,880 | +€28,027 | +11.8% |
| Amounts payable after more than one year | 17 | €55,860 | €39,292 | -€16,568 | -29.7% |
| Financial debts | 170/4 | €55,860 | €39,292 | -€16,568 | -29.7% |
| Amounts payable within one year | 42/48 | €180,993 | €225,588 | +€44,595 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €24,044 | €10,152 | -€13,892 | -57.8% |
| Financial debts | 43 | €16,849 | - | -€16,849 | |
| Credit institutions | 430/8 | €16,849 | - | -€16,849 | |
| Trade debts | 44 | €26,823 | €51,426 | +€24,603 | +91.7% |
| Suppliers | 440/4 | €26,823 | €51,426 | +€24,603 | +91.7% |
| Taxes, remuneration and social security | 45 | €62,313 | €100,981 | +€38,667 | +62.1% |
| Taxes | 450/3 | €19,574 | €53,156 | +€33,582 | +171.6% |
| Remuneration and social security | 454/9 | €42,740 | €47,825 | +€5,085 | +11.9% |
| Other amounts payable | 47/48 | €50,963 | €63,030 | +€12,066 | +23.7% |
| Turnover | 70 | €426,106 | - | -€426,106 | |
| Goods, raw materials, services and sundry goods | 60/61 | €400,950 | - | -€400,950 | |
| Remuneration, social security and pensions | 62 | €11,177 | €730 | -€10,447 | -93.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,162 | - | -€4,162 | |
| Other operating charges | 640/8 | €955 | €18,063 | +€17,108 | +1791.8% |
| Gross operating margin | 9900 | €25,156 | €31,400 | +€6,244 | +24.8% |
| Operating profit (loss) | 9901 | €8,863 | €12,608 | +€3,745 | +42.3% |
| Financial charges | 65/66B | €8,577 | €2,300 | -€6,277 | -73.2% |
| Recurring financial charges | 65 | €8,577 | €2,300 | -€6,277 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | €286 | €10,307 | +€10,022 | +3509.5% |
| Income taxes | 67/77 | - | €8,576 | +€8,576 | |
| Profit (loss) for the period | 9904 | €286 | €1,731 | +€1,446 | +506.3% |
| Profit (loss) for the period to be appropriated | 9905 | €286 | €1,731 | +€1,446 | +506.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.