BOULOS IMAD: what changed
Two fiscal 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.
BOULOS IMAD
Largest movements
- Current investments +€63,719
up €63,719 (+21.4%), from €298,262 to €361,981
- Cash +€37,525
up €37,525 (+16.4%), from €229,353 to €266,878
mainly Net result for the year (+€187,061) and Depreciation (+€15,846)
- Receivables within one year +€35,407
new in 2025: €35,407
- Tangible fixed assets -€12,593
down €12,593 (-46.0%), from €27,363 to €14,770
- Reserves +€135,000
up €135,000 (+24.7%), from €545,710 to €680,710
- Current portion of long-term debt -€10,103
down €10,103 (-93.3%), from €10,830 to €727
- Taxes +€27,906
up €27,906 (+51.8%), from €53,863 to €81,769
- Gross operating margin +€21,132
up €21,132 (+8.2%), from €258,056 to €279,188
- Financial income +€6,424
up €6,424 (+2804.3%), from €229 to €6,654
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 | €601,394 | €723,316 | +€121,922 | +20.3% |
| Fixed assets | 21/28 | €31,907 | €17,769 | -€14,139 | -44.3% |
| Intangible fixed assets | 21 | €4,544 | €2,998 | -€1,546 | -34.0% |
| Tangible fixed assets | 22/27 | €27,363 | €14,770 | -€12,593 | -46.0% |
| Furniture and vehicles | 24 | €27,363 | €14,770 | -€12,593 | -46.0% |
| Current assets | 29/58 | €569,486 | €705,547 | +€136,060 | +23.9% |
| Amounts receivable within one year | 40/41 | - | €35,407 | +€35,407 | |
| Other amounts receivable | 41 | - | €35,407 | +€35,407 | |
| Current investments | 50/53 | €298,262 | €361,981 | +€63,719 | +21.4% |
| Cash at bank and in hand | 54/58 | €229,353 | €266,878 | +€37,525 | +16.4% |
| Deferred charges and accrued income | 490/1 | €41,872 | €41,280 | -€591 | -1.4% |
| Total equity and liabilities | 10/49 | €601,394 | €723,316 | +€121,922 | +20.3% |
| Equity | 10/15 | €556,494 | €691,555 | +€135,061 | +24.3% |
| Contributions | 10/11 | €10,550 | €10,550 | = | 0.0% |
| Reserves | 13 | €545,710 | €680,710 | +€135,000 | +24.7% |
| Distributable reserves | 133 | €545,710 | €680,710 | +€135,000 | +24.7% |
| Profit (loss) carried forward | 14 | €234 | €295 | +€61 | +26.2% |
| Amounts payable | 17/49 | €44,900 | €31,760 | -€13,140 | -29.3% |
| Amounts payable within one year | 42/48 | €44,900 | €31,760 | -€13,140 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €10,830 | €727 | -€10,103 | -93.3% |
| Trade debts | 44 | €318 | €1,934 | +€1,615 | +507.6% |
| Suppliers | 440/4 | €318 | €1,934 | +€1,615 | +507.6% |
| Taxes, remuneration and social security | 45 | €32,962 | €29,100 | -€3,862 | -11.7% |
| Taxes | 450/3 | €32,962 | €29,100 | -€3,862 | -11.7% |
| Other amounts payable | 47/48 | €790 | - | -€790 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,585 | €15,846 | +€261 | +1.7% |
| Other operating charges | 640/8 | €1,616 | €487 | -€1,129 | -69.9% |
| Gross operating margin | 9900 | €258,056 | €279,188 | +€21,132 | +8.2% |
| Operating profit (loss) | 9901 | €240,855 | €262,854 | +€22,000 | +9.1% |
| Financial income | 75/76B | €229 | €6,654 | +€6,424 | +2804.3% |
| Recurring financial income | 75 | €229 | €6,654 | +€6,424 | +2804.3% |
| Financial charges | 65/66B | €328 | €678 | +€350 | +106.5% |
| Recurring financial charges | 65 | €328 | €678 | +€350 | +106.5% |
| Profit (loss) for the period before taxes | 9903 | €240,756 | €268,830 | +€28,074 | +11.7% |
| Income taxes | 67/77 | €53,863 | €81,769 | +€27,906 | +51.8% |
| Profit (loss) for the period | 9904 | €186,893 | €187,061 | +€168 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €186,893 | €187,061 | +€168 | +0.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.