BRUNO BOLLEN: 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.
BRUNO BOLLEN
Largest movements
- Cash +€13,392
up €13,392 (+10.5%), from €127,817 to €141,209
mainly Other debts (+€29,995) and Net result for the year (+€19,526)
- Stocks and contracts +€11,376
up €11,376 (+250.8%), from €4,537 to €15,913
of which Stocks: +€9,853
- Other debts +€29,995
up €29,995 (+114.8%), from €26,129 to €56,123
- Tax, wage and social debts -€20,109
down €20,109 (-87.8%), from €22,914 to €2,805
of which Remuneration and social security: -€22,000
- Reserves +€13,433
up €13,433 (+18.5%), from €72,461 to €85,894
- Gross operating margin +€22,328
up €22,328 (+210.0%), from €10,634 to €32,962
- Taxes +€7,318
up €7,318 (+403.8%), from €1,812 to €9,130
- Financial charges +€1,397
up €1,397 (+92.8%), from €1,506 to €2,904
- Depreciation -€779
down €779 (-57.3%), from €1,359 to €580
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 | €143,951 | €166,524 | +€22,573 | +15.7% |
| Fixed assets | 21/28 | €1,687 | €1,107 | -€580 | -34.4% |
| Tangible fixed assets | 22/27 | €1,687 | €1,107 | -€580 | -34.4% |
| Land and buildings | 22 | €987 | €827 | -€160 | -16.2% |
| Plant, machinery and equipment | 23 | €700 | €280 | -€420 | -60.0% |
| Current assets | 29/58 | €142,265 | €165,417 | +€23,153 | +16.3% |
| Stocks and contracts in progress | 3 | €4,537 | €15,913 | +€11,376 | +250.8% |
| Stocks | 30/36 | €1,037 | €10,890 | +€9,853 | +950.4% |
| Contracts in progress | 37 | €3,500 | €5,022 | +€1,522 | +43.5% |
| Amounts receivable within one year | 40/41 | €8,026 | €6,542 | -€1,484 | -18.5% |
| Trade receivables | 40 | €3,789 | €1,183 | -€2,606 | -68.8% |
| Other amounts receivable | 41 | €4,237 | €5,359 | +€1,123 | +26.5% |
| Cash at bank and in hand | 54/58 | €127,817 | €141,209 | +€13,392 | +10.5% |
| Deferred charges and accrued income | 490/1 | €1,886 | €1,754 | -€132 | -7.0% |
| Total equity and liabilities | 10/49 | €143,951 | €166,524 | +€22,573 | +15.7% |
| Equity | 10/15 | €94,047 | €107,479 | +€13,433 | +14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,461 | €85,894 | +€13,433 | +18.5% |
| Distributable reserves | 133 | €72,461 | €85,894 | +€13,433 | +18.5% |
| Profit (loss) carried forward | 14 | €2,985 | €2,985 | = | 0.0% |
| Amounts payable | 17/49 | €49,905 | €59,045 | +€9,140 | +18.3% |
| Amounts payable within one year | 42/48 | €49,905 | €59,005 | +€9,100 | +18.2% |
| Trade debts | 44 | €863 | €77 | -€785 | -91.1% |
| Suppliers | 440/4 | €863 | €77 | -€785 | -91.1% |
| Taxes, remuneration and social security | 45 | €22,914 | €2,805 | -€20,109 | -87.8% |
| Taxes | 450/3 | €914 | €2,805 | +€1,891 | +207.0% |
| Remuneration and social security | 454/9 | €22,000 | - | -€22,000 | |
| Other amounts payable | 47/48 | €26,129 | €56,123 | +€29,995 | +114.8% |
| Accrued charges and deferred income | 492/3 | - | €40 | +€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,359 | €580 | -€779 | -57.3% |
| Other operating charges | 640/8 | €1,204 | €951 | -€253 | -21.0% |
| Gross operating margin | 9900 | €10,634 | €32,962 | +€22,328 | +210.0% |
| Operating profit (loss) | 9901 | €8,071 | €31,431 | +€23,360 | +289.4% |
| Financial income | 75/76B | €38 | €129 | +€91 | +240.6% |
| Recurring financial income | 75 | €38 | €129 | +€91 | +240.6% |
| Financial charges | 65/66B | €1,506 | €2,904 | +€1,397 | +92.8% |
| Recurring financial charges | 65 | €1,506 | €2,904 | +€1,397 | +92.8% |
| Profit (loss) for the period before taxes | 9903 | €6,602 | €28,656 | +€22,054 | +334.0% |
| Income taxes | 67/77 | €1,812 | €9,130 | +€7,318 | +403.8% |
| Profit (loss) for the period | 9904 | €4,790 | €19,526 | +€14,735 | +307.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,790 | €19,526 | +€14,735 | +307.6% |
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 8 October 2026 via checked.be.