BOULVIMMO: 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.
What changed
BOULVIMMO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€75,865
2024 · -€23,344+€99,210
Equity
€324,033
2024 · €248,167+€75,865
Cash
€168,014
2024 · €66,816+€101,198
Balance sheet total
€2.1m
2024 · €2.1m+€5,676
Largest movements
Assets
- Cash +€101,198
up €101,198 (+151.5%), from €66,816 to €168,014
mainly Depreciation (+€142,338) and Net result for the year (+€75,865)
- Tangible fixed assets -€99,957
down €99,957 (-4.8%), from €2.1m to €2.0m
of which Land and buildings: -€210,005
Equity and liabilities
- Profit (loss) carried forward +€75,865
up €75,865 (+46.7%), from -€162,291 to -€86,426
- Debts after one year -€50,185
down €50,185 (-2.9%), from €1.7m to €1.7m
of which Financial debts: -€34,578
Income statement
- Gross operating margin +€84,043
up €84,043 (+37.7%), from €222,638 to €306,681
- Depreciation -€24,095
down €24,095 (-14.5%), from €166,433 to €142,338
- Other operating charges +€6,539
up €6,539 (+18.6%), from €35,090 to €41,630
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.
Result 2024
-€23,344
Gross operating margin
+€84,043
Depreciation
+€24,095
Other operating charges
-€6,539
Financial income
+€176
Financial charges
-€2,566
Result 2025
€75,865
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.
From operations
+€209,465
Investment
-€42,381
Financing
-€65,886
Cash 2024
€66,816
From operations (derived)
+€209,465
Net result for the year
+€75,865
Depreciation
+€142,338
Receivables within one year
-€993
Deferred charges and accrued income
-€3,442
Trade debts
-€8,607
Tax, wage and social debts
+€5,798
Other debts
-€1,863
Accrued charges and deferred income
+€368
Investment (derived)
-€42,381
Investment in fixed assets (net)
-€42,381
Financing
-€65,886
Debts after one year
-€50,185
Current portion of long-term debt
-€15,701
Cash 2025
€168,014
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,135,779 | €2,141,455 | +€5,676 | +0.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,064,201 | €1,964,244 | -€99,957 | -4.8% |
| Tangible fixed assets | 22/27 | €2,064,201 | €1,964,244 | -€99,957 | -4.8% |
| Land and buildings | 22 | €2,012,665 | €1,802,660 | -€210,005 | -10.4% |
| Plant, machinery and equipment | 23 | €2,257 | €920 | -€1,337 | -59.2% |
| Furniture and vehicles | 24 | €49,279 | €45,779 | -€3,500 | -7.1% |
| Assets under construction and advance payments | 27 | - | €114,886 | +€114,886 | |
| Current assets | 29/58 | €71,578 | €177,211 | +€105,633 | +147.6% |
| Amounts receivable within one year | 40/41 | €1,345 | €2,338 | +€993 | +73.8% |
| Trade receivables | 40 | €1,345 | €2,288 | +€943 | +70.1% |
| Other amounts receivable | 41 | €0 | €50 | +€50 | |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €66,816 | €168,014 | +€101,198 | +151.5% |
| Deferred charges and accrued income | 490/1 | €3,417 | €6,859 | +€3,442 | +100.7% |
| Total equity and liabilities | 10/49 | €2,135,779 | €2,141,455 | +€5,676 | +0.3% |
| Equity | 10/15 | €248,167 | €324,033 | +€75,865 | +30.6% |
| Contributions | 10/11 | €334,400 | €334,400 | = | 0.0% |
| Capital | 10 | €334,400 | €334,400 | = | 0.0% |
| Issued capital | 100 | €334,400 | €334,400 | = | 0.0% |
| Reserves | 13 | €76,058 | €76,058 | = | 0.0% |
| Non-distributable reserves | 130/1 | €33,440 | €33,440 | = | 0.0% |
| Legal reserve | 130 | €33,440 | €33,440 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €0 | = | |
| Distributable reserves | 133 | €42,618 | €42,618 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,291 | -€86,426 | +€75,865 | +46.7% |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Deferred taxes | 168 | - | €0 | = | |
| Amounts payable | 17/49 | €1,887,612 | €1,817,422 | -€70,190 | -3.7% |
| Amounts payable after more than one year | 17 | €1,716,314 | €1,666,129 | -€50,185 | -2.9% |
| Financial debts | 170/4 | €1,159,456 | €1,124,878 | -€34,578 | -3.0% |
| Other amounts payable | 178/9 | €556,859 | €541,251 | -€15,608 | -2.8% |
| Amounts payable within one year | 42/48 | €165,281 | €144,909 | -€20,372 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €106,365 | €90,665 | -€15,701 | -14.8% |
| Trade debts | 44 | €9,089 | €482 | -€8,607 | -94.7% |
| Suppliers | 440/4 | €9,089 | €482 | -€8,607 | -94.7% |
| Taxes, remuneration and social security | 45 | €3,489 | €9,287 | +€5,798 | +166.2% |
| Taxes | 450/3 | €3,489 | €9,287 | +€5,798 | +166.2% |
| Other amounts payable | 47/48 | €46,338 | €44,475 | -€1,863 | -4.0% |
| Accrued charges and deferred income | 492/3 | €6,017 | €6,384 | +€368 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,433 | €142,338 | -€24,095 | -14.5% |
| Other operating charges | 640/8 | €35,090 | €41,630 | +€6,539 | +18.6% |
| Gross operating margin | 9900 | €222,638 | €306,681 | +€84,043 | +37.7% |
| Operating profit (loss) | 9901 | €21,114 | €122,713 | +€101,599 | +481.2% |
| Financial income | 75/76B | €3 | €179 | +€176 | +5841.7% |
| Recurring financial income | 75 | €3 | €179 | +€176 | +5841.7% |
| Financial charges | 65/66B | €44,461 | €47,027 | +€2,566 | +5.8% |
| Recurring financial charges | 65 | €44,461 | €47,027 | +€2,566 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | -€23,344 | €75,865 | +€99,210 | |
| Transfer to deferred taxes | 680 | - | €0 | = | |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€23,344 | €75,865 | +€99,210 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,344 | €75,865 | +€99,210 |
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 11 October 2026 via checked.be.