BOULEMBERG EVENTS: 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.
BOULEMBERG EVENTS
Largest movements
- Receivables within one year +€9,162
up €9,162 (+28.9%), from €31,749 to €40,911
of which Trade receivables: +€9,046
- Financial fixed assets +€8,813
up €8,813 (+61.0%), from €14,456 to €23,270
- Cash -€4,216
down €4,216 (-22.2%), from €18,965 to €14,749
mainly Net result for the year (-€192,055) and Trade debts (-€10,343)
- Stocks and contracts -€2,228
down €2,228 (-9.0%), from €24,654 to €22,427
- Tangible fixed assets -€1,229
down €1,229 (-55.6%), from €2,210 to €981
- Profit (loss) carried forward -€192,055
down €192,055 (-41.5%), from -€463,308 to -€655,363
- Debts after one year +€150,000
up €150,000 (+43.4%), from €345,647 to €495,647
- Tax, wage and social debts +€63,702
up €63,702 (+76.1%), from €83,685 to €147,387
of which Remuneration and social security: +€41,896
- Trade debts -€10,343
down €10,343 (-9.6%), from €108,009 to €97,666
- Gross operating margin +€125,681
up €125,681 (+49.3%), from €254,755 to €380,436
- Staff costs +€88,528
up €88,528 (+18.6%), from €475,308 to €563,836
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 | €92,034 | €102,338 | +€10,303 | +11.2% |
| Fixed assets | 21/28 | €16,666 | €24,251 | +€7,585 | +45.5% |
| Tangible fixed assets | 22/27 | €2,210 | €981 | -€1,229 | -55.6% |
| Furniture and vehicles | 24 | €2,210 | €981 | -€1,229 | -55.6% |
| Financial fixed assets | 28 | €14,456 | €23,270 | +€8,813 | +61.0% |
| Current assets | 29/58 | €75,368 | €78,087 | +€2,719 | +3.6% |
| Stocks and contracts in progress | 3 | €24,654 | €22,427 | -€2,228 | -9.0% |
| Stocks | 30/36 | €24,654 | €22,427 | -€2,228 | -9.0% |
| Amounts receivable within one year | 40/41 | €31,749 | €40,911 | +€9,162 | +28.9% |
| Trade receivables | 40 | €31,203 | €40,249 | +€9,046 | +29.0% |
| Other amounts receivable | 41 | €546 | €662 | +€116 | +21.3% |
| Cash at bank and in hand | 54/58 | €18,965 | €14,749 | -€4,216 | -22.2% |
| Total equity and liabilities | 10/49 | €92,034 | €102,338 | +€10,303 | +11.2% |
| Equity | 10/15 | -€445,308 | -€638,363 | -€193,055 | -43.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€463,308 | -€655,363 | -€192,055 | -41.5% |
| Investment grants | 15 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Amounts payable | 17/49 | €537,342 | €740,700 | +€203,358 | +37.8% |
| Amounts payable after more than one year | 17 | €345,647 | €495,647 | +€150,000 | +43.4% |
| Other amounts payable | 178/9 | €345,647 | €495,647 | +€150,000 | +43.4% |
| Amounts payable within one year | 42/48 | €191,695 | €245,053 | +€53,358 | +27.8% |
| Trade debts | 44 | €108,009 | €97,666 | -€10,343 | -9.6% |
| Suppliers | 440/4 | €108,009 | €97,666 | -€10,343 | -9.6% |
| Taxes, remuneration and social security | 45 | €83,685 | €147,387 | +€63,702 | +76.1% |
| Taxes | 450/3 | €7,875 | €29,680 | +€21,805 | +277% |
| Remuneration and social security | 454/9 | €75,810 | €117,706 | +€41,896 | +55.3% |
| Remuneration, social security and pensions | 62 | €475,308 | €563,836 | +€88,528 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,301 | €1,229 | -€72 | -5.6% |
| Other operating charges | 640/8 | €841 | €249 | -€592 | -70.4% |
| Gross operating margin | 9900 | €254,755 | €380,436 | +€125,681 | +49.3% |
| Operating profit (loss) | 9901 | -€222,695 | -€184,878 | +€37,817 | +17.0% |
| Financial income | 75/76B | €1,061 | €1,104 | +€43 | +4.0% |
| Recurring financial income | 75 | €1,061 | €1,104 | +€43 | +4.0% |
| Financial charges | 65/66B | €6,372 | €8,173 | +€1,801 | +28.3% |
| Recurring financial charges | 65 | €6,372 | €7,194 | +€822 | +12.9% |
| Non-recurring financial charges | 66B | - | €979 | +€979 | |
| Profit (loss) for the period before taxes | 9903 | -€228,006 | -€191,947 | +€36,059 | +15.8% |
| Income taxes | 67/77 | €174 | €108 | -€66 | -38.0% |
| Profit (loss) for the period | 9904 | -€228,181 | -€192,055 | +€36,126 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€228,181 | -€192,055 | +€36,126 | +15.8% |
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.