Boulder & Grit: 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 & Grit
Largest movements
- Cash -€33,018
down €33,018 (-28.4%), from €116,181 to €83,163
mainly Other debts (-€222,150) and Receivables within one year (-€27,334)
- Receivables within one year +€27,334
up €27,334 (+41.4%), from €66,029 to €93,364
of which Trade receivables: +€37,523
- Current investments +€20,000
up €20,000 (+20.0%), from €100,000 to €120,000
- Tangible fixed assets +€13,892
up €13,892 (+285%), from €4,877 to €18,769
- Profit (loss) carried forward +€240,568
new in 2025: €240,568
- Other debts -€222,150
no longer reported in 2025 (was €222,150)
- Tax, wage and social debts +€13,554
up €13,554 (+37.2%), from €36,448 to €50,002
of which Taxes: +€13,406
- Gross operating margin +€36,198
up €36,198 (+12.5%), from €290,138 to €326,336
- Depreciation +€10,883
up €10,883 (+559%), from €1,945 to €12,829
- Taxes +€5,903
up €5,903 (+8.5%), from €69,427 to €75,330
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 | €292,253 | €322,675 | +€30,421 | +10.4% |
| Fixed assets | 21/28 | €4,973 | €18,865 | +€13,892 | +279% |
| Tangible fixed assets | 22/27 | €4,877 | €18,769 | +€13,892 | +285% |
| Furniture and vehicles | 24 | €4,877 | €18,769 | +€13,892 | +285% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €287,281 | €303,810 | +€16,529 | +5.8% |
| Amounts receivable within one year | 40/41 | €66,029 | €93,364 | +€27,334 | +41.4% |
| Trade receivables | 40 | €55,841 | €93,364 | +€37,523 | +67.2% |
| Other amounts receivable | 41 | €10,188 | - | -€10,188 | |
| Current investments | 50/53 | €100,000 | €120,000 | +€20,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €116,181 | €83,163 | -€33,018 | -28.4% |
| Deferred charges and accrued income | 490/1 | €5,071 | €7,283 | +€2,212 | +43.6% |
| Total equity and liabilities | 10/49 | €292,253 | €322,675 | +€30,421 | +10.4% |
| Equity | 10/15 | €18,558 | €259,127 | +€240,568 | +1,296% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €8 | €8 | = | 0.0% |
| Distributable reserves | 133 | €8 | €8 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €240,568 | +€240,568 | |
| Amounts payable | 17/49 | €273,695 | €63,548 | -€210,147 | -76.8% |
| Amounts payable within one year | 42/48 | €271,945 | €60,548 | -€211,397 | -77.7% |
| Trade debts | 44 | €13,347 | €10,546 | -€2,801 | -21.0% |
| Suppliers | 440/4 | €13,347 | €10,546 | -€2,801 | -21.0% |
| Taxes, remuneration and social security | 45 | €36,448 | €50,002 | +€13,554 | +37.2% |
| Taxes | 450/3 | €31,645 | €45,051 | +€13,406 | +42.4% |
| Remuneration and social security | 454/9 | €4,803 | €4,951 | +€148 | +3.1% |
| Other amounts payable | 47/48 | €222,150 | - | -€222,150 | |
| Accrued charges and deferred income | 492/3 | €1,750 | €3,000 | +€1,250 | +71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,945 | €12,829 | +€10,883 | +559% |
| Other operating charges | 640/8 | €1,020 | €1,052 | +€32 | +3.2% |
| Gross operating margin | 9900 | €290,138 | €326,336 | +€36,198 | +12.5% |
| Operating profit (loss) | 9901 | €287,173 | €312,455 | +€25,282 | +8.8% |
| Financial income | 75/76B | €6,080 | €3,778 | -€2,302 | -37.9% |
| Recurring financial income | 75 | €6,080 | €3,778 | -€2,302 | -37.9% |
| Financial charges | 65/66B | €1,669 | €334 | -€1,334 | -80.0% |
| Recurring financial charges | 65 | €1,669 | €334 | -€1,334 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | €291,584 | €315,898 | +€24,314 | +8.3% |
| Income taxes | 67/77 | €69,427 | €75,330 | +€5,903 | +8.5% |
| Profit (loss) for the period | 9904 | €222,157 | €240,568 | +€18,411 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €222,157 | €240,568 | +€18,411 | +8.3% |
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.