BOULO: 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.
BOULO
Largest movements
- Cash +€141,285
up €141,285 (+77.3%), from €182,700 to €323,984
mainly Other debts (+€288,942) and Net result for the year (+€112,532)
- Tangible fixed assets -€12,507
down €12,507 (-29.8%), from €41,949 to €29,441
- Receivables within one year -€11,481
down €11,481 (-67.2%), from €17,080 to €5,599
of which Other amounts receivable: -€6,423
- Other debts +€288,942
up €288,942 (+1,535%), from €18,824 to €307,766
- Profit (loss) carried forward -€195,234
no longer reported in 2025 (was €195,234)
- Tax, wage and social debts +€36,449
up €36,449 (+250%), from €14,555 to €51,004
of which Taxes: +€33,692
- Trade debts -€9,873
down €9,873 (-33.7%), from €29,331 to €19,458
- Other operating charges -€5,644
down €5,644 (-78.5%), from €7,190 to €1,546
- Taxes +€5,435
up €5,435 (+17.2%), from €31,546 to €36,982
- Gross operating margin +€4,993
up €4,993 (+2.8%), from €179,709 to €184,703
- Staff costs -€4,207
down €4,207 (-16.7%), from €25,205 to €20,998
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 | €276,574 | €396,858 | +€120,284 | +43.5% |
| Fixed assets | 21/28 | €42,849 | €30,341 | -€12,507 | -29.2% |
| Tangible fixed assets | 22/27 | €41,949 | €29,441 | -€12,507 | -29.8% |
| Furniture and vehicles | 24 | €41,949 | €29,441 | -€12,507 | -29.8% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €233,725 | €366,516 | +€132,791 | +56.8% |
| Stocks and contracts in progress | 3 | €29,319 | €32,218 | +€2,899 | +9.9% |
| Stocks | 30/36 | €29,319 | €32,218 | +€2,899 | +9.9% |
| Amounts receivable within one year | 40/41 | €17,080 | €5,599 | -€11,481 | -67.2% |
| Trade receivables | 40 | €10,149 | €5,091 | -€5,058 | -49.8% |
| Other amounts receivable | 41 | €6,931 | €508 | -€6,423 | -92.7% |
| Cash at bank and in hand | 54/58 | €182,700 | €323,984 | +€141,285 | +77.3% |
| Deferred charges and accrued income | 490/1 | €4,626 | €4,715 | +€88 | +1.9% |
| Total equity and liabilities | 10/49 | €276,574 | €396,858 | +€120,284 | +43.5% |
| Equity | 10/15 | €213,863 | €18,629 | -€195,234 | -91.3% |
| Contributions | 10/11 | €2,103 | €2,103 | = | 0.0% |
| Reserves | 13 | €16,526 | €16,526 | = | 0.0% |
| Non-distributable reserves | 130/1 | €210 | €210 | = | 0.0% |
| Reserves not available under the articles | 1311 | €210 | €210 | = | 0.0% |
| Distributable reserves | 133 | €16,316 | €16,316 | = | 0.0% |
| Profit (loss) carried forward | 14 | €195,234 | - | -€195,234 | |
| Amounts payable | 17/49 | €62,711 | €378,228 | +€315,518 | +503% |
| Amounts payable within one year | 42/48 | €62,711 | €378,228 | +€315,518 | +503% |
| Trade debts | 44 | €29,331 | €19,458 | -€9,873 | -33.7% |
| Suppliers | 440/4 | €29,331 | €19,458 | -€9,873 | -33.7% |
| Taxes, remuneration and social security | 45 | €14,555 | €51,004 | +€36,449 | +250% |
| Taxes | 450/3 | €7,219 | €40,910 | +€33,692 | +467% |
| Remuneration and social security | 454/9 | €7,336 | €10,093 | +€2,757 | +37.6% |
| Other amounts payable | 47/48 | €18,824 | €307,766 | +€288,942 | +1,535% |
| Remuneration, social security and pensions | 62 | €25,205 | €20,998 | -€4,207 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,848 | €12,507 | -€1,341 | -9.7% |
| Other operating charges | 640/8 | €7,190 | €1,546 | -€5,644 | -78.5% |
| Gross operating margin | 9900 | €179,709 | €184,703 | +€4,993 | +2.8% |
| Operating profit (loss) | 9901 | €133,466 | €149,652 | +€16,186 | +12.1% |
| Financial income | 75/76B | €592 | €5 | -€587 | -99.1% |
| Recurring financial income | 75 | €592 | €5 | -€587 | -99.1% |
| Financial charges | 65/66B | €340 | €143 | -€197 | -57.9% |
| Recurring financial charges | 65 | €340 | €143 | -€197 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €133,718 | €149,514 | +€15,796 | +11.8% |
| Income taxes | 67/77 | €31,546 | €36,982 | +€5,435 | +17.2% |
| Profit (loss) for the period | 9904 | €102,172 | €112,532 | +€10,360 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €102,172 | €112,532 | +€10,360 | +10.1% |
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 13 October 2026 via checked.be.