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 -€37,828
down €37,828 (-5.4%), from €702,506 to €664,677
mainly Contributions, distributions and other (-€202,096) and Tax, wage and social debts (-€29,736)
- Other debts +€50,499
up €50,499 (+462.3%), from €10,923 to €61,421
- Tax, wage and social debts -€29,736
down €29,736 (-74.5%), from €39,932 to €10,196
- Profit (loss) carried forward -€29,168
down €29,168 (-4.4%), from €658,309 to €629,142
- Debts after one year -€27,918
down €27,918 (-17.3%), from €161,162 to €133,243
- Gross operating margin -€26,537
down €26,537 (-9.5%), from €280,632 to €254,095
- Taxes -€10,404
down €10,404 (-16.9%), from €61,670 to €51,266
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 | €1,022,355 | €984,551 | -€37,804 | -3.7% |
| Fixed assets | 21/28 | €308,973 | €311,092 | +€2,118 | +0.7% |
| Tangible fixed assets | 22/27 | €308,973 | €311,092 | +€2,118 | +0.7% |
| Land and buildings | 22 | €276,948 | €269,585 | -€7,364 | -2.7% |
| Plant, machinery and equipment | 23 | €8,380 | €7,545 | -€836 | -10.0% |
| Furniture and vehicles | 24 | €23,645 | €33,962 | +€10,318 | +43.6% |
| Current assets | 29/58 | €713,382 | €673,460 | -€39,922 | -5.6% |
| Amounts receivable within one year | 40/41 | €10,876 | €8,782 | -€2,094 | -19.3% |
| Trade receivables | 40 | €10,876 | €1,438 | -€9,438 | -86.8% |
| Other amounts receivable | 41 | - | €7,344 | +€7,344 | |
| Cash at bank and in hand | 54/58 | €702,506 | €664,677 | -€37,828 | -5.4% |
| Total equity and liabilities | 10/49 | €1,022,355 | €984,551 | -€37,804 | -3.7% |
| Equity | 10/15 | €773,021 | €743,853 | -€29,168 | -3.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €39,711 | €39,711 | = | 0.0% |
| Distributable reserves | 133 | €39,711 | €39,711 | = | 0.0% |
| Profit (loss) carried forward | 14 | €658,309 | €629,142 | -€29,168 | -4.4% |
| Amounts payable | 17/49 | €249,334 | €240,698 | -€8,636 | -3.5% |
| Amounts payable after more than one year | 17 | €161,162 | €133,243 | -€27,918 | -17.3% |
| Financial debts | 170/4 | €161,162 | €133,243 | -€27,918 | -17.3% |
| Amounts payable within one year | 42/48 | €88,173 | €107,455 | +€19,282 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €27,331 | €27,918 | +€588 | +2.2% |
| Trade debts | 44 | €9,988 | €7,920 | -€2,068 | -20.7% |
| Suppliers | 440/4 | €9,988 | €7,920 | -€2,068 | -20.7% |
| Taxes, remuneration and social security | 45 | €39,932 | €10,196 | -€29,736 | -74.5% |
| Taxes | 450/3 | €39,932 | €10,196 | -€29,736 | -74.5% |
| Other amounts payable | 47/48 | €10,923 | €61,421 | +€50,499 | +462.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,754 | €21,098 | +€2,344 | +12.5% |
| Other operating charges | 640/8 | €5,053 | €6,319 | +€1,265 | +25.0% |
| Gross operating margin | 9900 | €280,632 | €254,095 | -€26,537 | -9.5% |
| Operating profit (loss) | 9901 | €256,825 | €226,679 | -€30,146 | -11.7% |
| Financial income | 75/76B | €3,635 | €3,887 | +€252 | +6.9% |
| Recurring financial income | 75 | €3,635 | €3,887 | +€252 | +6.9% |
| Financial charges | 65/66B | €4,721 | €6,372 | +€1,651 | +35.0% |
| Recurring financial charges | 65 | €4,721 | €6,372 | +€1,651 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | €255,739 | €224,194 | -€31,544 | -12.3% |
| Income taxes | 67/77 | €61,670 | €51,266 | -€10,404 | -16.9% |
| Profit (loss) for the period | 9904 | €194,069 | €172,928 | -€21,141 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €194,069 | €172,928 | -€21,141 | -10.9% |
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 12 October 2026 via checked.be.