BOULIE: 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.
BOULIE
Largest movements
- Financial fixed assets +€15.3m
new in 2026: €15.3m
- Cash +€302,386
up €302,386 (+314%), from €96,427 to €398,813
mainly Debts after one year (+€15.3m) and Net result for the year (+€419,164)
- Debts after one year +€15.3m
up €15.3m (+79,733%), from €19,159 to €15.3m
- Reserves +€275,164
up €275,164 (+196%), from €140,203 to €415,367
- Financial income +€399,979
up €399,979, from €0 to €399,979
- Financial charges +€66,460
up €66,460 (+4,155%), from €1,599 to €68,059
- Gross operating margin -€38,210
down €38,210 (-25.7%), from €148,868 to €110,658
- Taxes -€22,361
down €22,361 (-72.3%), from €30,946 to €8,585
- Depreciation -€2,838
down €2,838 (-17.3%), from €16,435 to €13,597
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €245,076 | €15,909,560 | +€15.7m | +6,392% |
| Fixed assets | 21/28 | €42,958 | €15,316,346 | +€15.3m | +35,554% |
| Tangible fixed assets | 22/27 | €42,958 | €31,346 | -€11,613 | -27.0% |
| Plant, machinery and equipment | 23 | - | €1,731 | +€1,731 | |
| Furniture and vehicles | 24 | €42,256 | €29,041 | -€13,215 | -31.3% |
| Other tangible fixed assets | 26 | €702 | €574 | -€129 | -18.3% |
| Financial fixed assets | 28 | - | €15,285,000 | +€15.3m | |
| Current assets | 29/58 | €202,118 | €593,214 | +€391,097 | +193% |
| Amounts receivable within one year | 40/41 | €105,691 | €194,401 | +€88,710 | +83.9% |
| Trade receivables | 40 | €105,691 | €62,986 | -€42,705 | -40.4% |
| Other amounts receivable | 41 | - | €131,415 | +€131,415 | |
| Cash at bank and in hand | 54/58 | €96,427 | €398,813 | +€302,386 | +314% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €245,076 | €15,909,560 | +€15.7m | +6,392% |
| Equity | 10/15 | €140,204 | €415,368 | +€275,164 | +196% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €140,203 | €415,367 | +€275,164 | +196% |
| Distributable reserves | 133 | €140,203 | €415,367 | +€275,164 | +196% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €104,872 | €15,494,192 | +€15.4m | +14,674% |
| Amounts payable after more than one year | 17 | €19,159 | €15,294,780 | +€15.3m | +79,733% |
| Financial debts | 170/4 | €19,159 | €15,294,780 | +€15.3m | +79,733% |
| Amounts payable within one year | 42/48 | €85,714 | €136,985 | +€51,271 | +59.8% |
| Current portion of amounts payable after more than one year | 42 | €6,785 | €7,128 | +€343 | +5.1% |
| Trade debts | 44 | €2,312 | €323 | -€1,989 | -86.0% |
| Suppliers | 440/4 | €2,312 | €323 | -€1,989 | -86.0% |
| Taxes, remuneration and social security | 45 | €28,617 | €9,534 | -€19,084 | -66.7% |
| Taxes | 450/3 | €25,617 | €6,427 | -€19,191 | -74.9% |
| Remuneration and social security | 454/9 | €3,000 | €3,107 | +€107 | +3.6% |
| Other amounts payable | 47/48 | €48,000 | €120,000 | +€72,000 | +150% |
| Accrued charges and deferred income | 492/3 | - | €62,426 | +€62,426 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,435 | €13,597 | -€2,838 | -17.3% |
| Other operating charges | 640/8 | €668 | €1,232 | +€564 | +84.4% |
| Gross operating margin | 9900 | €148,868 | €110,658 | -€38,210 | -25.7% |
| Operating profit (loss) | 9901 | €131,765 | €95,829 | -€35,935 | -27.3% |
| Financial income | 75/76B | €0 | €399,979 | +€399,979 | |
| Recurring financial income | 75 | €0 | €399,979 | +€399,979 | |
| Financial charges | 65/66B | €1,599 | €68,059 | +€66,460 | +4,155% |
| Recurring financial charges | 65 | €1,599 | €68,059 | +€66,460 | +4,155% |
| Profit (loss) for the period before taxes | 9903 | €130,165 | €427,749 | +€297,584 | +229% |
| Income taxes | 67/77 | €30,946 | €8,585 | -€22,361 | -72.3% |
| Profit (loss) for the period | 9904 | €99,219 | €419,164 | +€319,945 | +322% |
| Profit (loss) for the period to be appropriated | 9905 | €99,219 | €419,164 | +€319,945 | +322% |
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.