BOULY: 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.
BOULY
Largest movements
- Stocks and contracts -€5,711
down €5,711 (-65.2%), from €8,766 to €3,055
- Cash -€2,666
down €2,666 (-9.7%), from €27,472 to €24,806
mainly Tax, wage and social debts (-€212,254) and Investment in fixed assets (net) (-€2,449)
- Receivables within one year +€2,206
up €2,206 (+5252.4%), from €42 to €2,248
- Tangible fixed assets +€1,119
up €1,119 (+26.9%), from €4,165 to €5,284
of which Plant, machinery and equipment: +€2,308
- Tax, wage and social debts -€212,254
down €212,254 (-90.6%), from €234,272 to €22,018
of which Remuneration and social security: -€148,369
- Debts after one year +€144,089
new in 2025: €144,089
- Profit (loss) carried forward +€31,361
up €31,361 (+12.1%), from -€259,991 to -€228,630
- Current portion of long-term debt +€18,011
new in 2025: €18,011
- Trade debts +€13,741
up €13,741 (+102.4%), from €13,412 to €27,153
- Staff costs -€84,561
down €84,561 (-32.4%), from €260,917 to €176,356
- Gross operating margin -€80,538
down €80,538 (-27.5%), from €292,349 to €211,811
- Other operating charges -€24,023
down €24,023 (-98.6%), from €24,359 to €336
- Financial charges -€18,237
down €18,237 (-88.2%), from €20,666 to €2,429
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 | €49,693 | €44,641 | -€5,052 | -10.2% |
| Fixed assets | 21/28 | €13,413 | €14,532 | +€1,119 | +8.3% |
| Tangible fixed assets | 22/27 | €4,165 | €5,284 | +€1,119 | +26.9% |
| Plant, machinery and equipment | 23 | - | €2,308 | +€2,308 | |
| Other tangible fixed assets | 26 | €4,165 | €2,976 | -€1,189 | -28.6% |
| Financial fixed assets | 28 | €9,248 | €9,248 | = | 0.0% |
| Current assets | 29/58 | €36,280 | €30,109 | -€6,171 | -17.0% |
| Stocks and contracts in progress | 3 | €8,766 | €3,055 | -€5,711 | -65.2% |
| Stocks | 30/36 | €8,766 | €3,055 | -€5,711 | -65.2% |
| Amounts receivable within one year | 40/41 | €42 | €2,248 | +€2,206 | +5252.4% |
| Other amounts receivable | 41 | €42 | €2,248 | +€2,206 | +5252.4% |
| Cash at bank and in hand | 54/58 | €27,472 | €24,806 | -€2,666 | -9.7% |
| Total equity and liabilities | 10/49 | €49,693 | €44,641 | -€5,052 | -10.2% |
| Equity | 10/15 | -€197,991 | -€166,630 | +€31,361 | +15.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€259,991 | -€228,630 | +€31,361 | +12.1% |
| Amounts payable | 17/49 | €247,684 | €211,271 | -€36,413 | -14.7% |
| Amounts payable after more than one year | 17 | - | €144,089 | +€144,089 | |
| Financial debts | 170/4 | - | €144,089 | +€144,089 | |
| Amounts payable within one year | 42/48 | €247,684 | €67,182 | -€180,502 | -72.9% |
| Current portion of amounts payable after more than one year | 42 | - | €18,011 | +€18,011 | |
| Trade debts | 44 | €13,412 | €27,153 | +€13,741 | +102.4% |
| Suppliers | 440/4 | €13,412 | €27,153 | +€13,741 | +102.4% |
| Taxes, remuneration and social security | 45 | €234,272 | €22,018 | -€212,254 | -90.6% |
| Taxes | 450/3 | €81,818 | €17,933 | -€63,885 | -78.1% |
| Remuneration and social security | 454/9 | €152,453 | €4,084 | -€148,369 | -97.3% |
| Non-recurring operating income | 76A | - | €30,150 | +€30,150 | |
| Remuneration, social security and pensions | 62 | €260,917 | €176,356 | -€84,561 | -32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,189 | €1,330 | +€141 | +11.8% |
| Other operating charges | 640/8 | €24,359 | €336 | -€24,023 | -98.6% |
| Gross operating margin | 9900 | €292,349 | €211,811 | -€80,538 | -27.5% |
| Operating profit (loss) | 9901 | €5,883 | €33,789 | +€27,906 | +474.3% |
| Financial income | 75/76B | €1 | €1 | -€0 | -40.6% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -40.6% |
| Financial charges | 65/66B | €20,666 | €2,429 | -€18,237 | -88.2% |
| Recurring financial charges | 65 | €20,666 | €2,429 | -€18,237 | -88.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,782 | €31,361 | +€46,143 | |
| Profit (loss) for the period | 9904 | -€14,782 | €31,361 | +€46,143 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,782 | €31,361 | +€46,143 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.