BOULDER: 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.
BOULDER
Largest movements
- Cash -€1,816
down €1,816 (-52.3%), from €3,471 to €1,655
mainly Accrued charges and deferred income (-€6,271) and Tax, wage and social debts (-€2,156)
- Tangible fixed assets -€924
down €924 (-62.3%), from €1,484 to €559
of which Plant, machinery and equipment: -€707
- Deferred charges and accrued income -€584
down €584 (-40.8%), from €1,430 to €846
- Receivables within one year +€128
up €128 (+699.6%), from €18 to €146
of which Trade receivables: +€128
- Other debts +€8,195
up €8,195 (+141.2%), from €5,804 to €13,998
- Accrued charges and deferred income -€6,271
down €6,271 (-87.1%), from €7,200 to €929
- Tax, wage and social debts -€2,156
down €2,156 (-45.9%), from €4,699 to €2,543
- Profit (loss) carried forward -€1,249
down €1,249 (-4.2%), from -€29,473 to -€30,722
- Trade debts -€1,178
down €1,178 (-100.0%), from €1,178 to €0
- Gross operating margin +€10,288
up €10,288, from -€9,207 to €1,080
- Financial charges -€156
down €156 (-16.0%), from €976 to €820
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.
Cash bridge derived
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 | €6,403 | €3,207 | -€3,196 | -49.9% |
| Fixed assets | 21/28 | €1,484 | €559 | -€924 | -62.3% |
| Tangible fixed assets | 22/27 | €1,484 | €559 | -€924 | -62.3% |
| Plant, machinery and equipment | 23 | €1,039 | €332 | -€707 | -68.1% |
| Furniture and vehicles | 24 | €444 | €227 | -€217 | -48.9% |
| Current assets | 29/58 | €4,919 | €2,648 | -€2,272 | -46.2% |
| Amounts receivable within one year | 40/41 | €18 | €146 | +€128 | +699.6% |
| Trade receivables | 40 | €18 | €146 | +€128 | +699.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,471 | €1,655 | -€1,816 | -52.3% |
| Deferred charges and accrued income | 490/1 | €1,430 | €846 | -€584 | -40.8% |
| Total equity and liabilities | 10/49 | €6,403 | €3,207 | -€3,196 | -49.9% |
| Equity | 10/15 | -€13,014 | -€14,263 | -€1,249 | -9.6% |
| Contributions | 10/11 | €14,600 | €14,600 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,473 | -€30,722 | -€1,249 | -4.2% |
| Amounts payable | 17/49 | €19,417 | €17,470 | -€1,947 | -10.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €12,217 | €16,542 | +€4,325 | +35.4% |
| Current portion of amounts payable after more than one year | 42 | €537 | €0 | -€537 | -100.0% |
| Trade debts | 44 | €1,178 | €0 | -€1,178 | -100.0% |
| Suppliers | 440/4 | €1,178 | €0 | -€1,178 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,699 | €2,543 | -€2,156 | -45.9% |
| Taxes | 450/3 | €4,699 | €2,543 | -€2,156 | -45.9% |
| Other amounts payable | 47/48 | €5,804 | €13,998 | +€8,195 | +141.2% |
| Accrued charges and deferred income | 492/3 | €7,200 | €929 | -€6,271 | -87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €984 | €924 | -€60 | -6.1% |
| Other operating charges | 640/8 | €568 | €585 | +€18 | +3.2% |
| Gross operating margin | 9900 | -€9,207 | €1,080 | +€10,288 | |
| Operating profit (loss) | 9901 | -€10,759 | -€430 | +€10,330 | +96.0% |
| Financial income | 75/76B | €2 | €0 | -€2 | -84.8% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -84.8% |
| Financial charges | 65/66B | €976 | €820 | -€156 | -16.0% |
| Recurring financial charges | 65 | €976 | €820 | -€156 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,733 | -€1,249 | +€10,484 | +89.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€11,733 | -€1,249 | +€10,484 | +89.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,733 | -€1,249 | +€10,484 | +89.4% |
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 12 October 2026 via checked.be.