Carl Bollens Projects: what changed
Carl Bollens Projects
Largest movements
- Tangible fixed assets -€60,759
down €60,759 (-73.9%), from €82,259 to €21,500
of which Furniture and vehicles: -€56,521
- Cash -€15,577
down €15,577 (-49.4%), from €31,543 to €15,966
mainly Net result for the year (-€48,472) and Other debts (-€45,121)
- Receivables within one year -€13,117
no longer reported in 2025 (was €13,117)
of which Trade receivables: -€9,218
- Profit (loss) carried forward -€48,472
down €48,472 (-57.1%), from -€84,886 to -€133,358
- Other debts -€45,121
down €45,121 (-27.1%), from €166,484 to €121,363
- Trade debts +€2,395
up €2,395 (+32.8%), from €7,310 to €9,705
- Tax, wage and social debts +€1,746
up €1,746 (+318%), from €550 to €2,295
- Other operating charges +€49,198
up €49,198 (+6,036%), from €815 to €50,013
- Gross operating margin -€26,512
down €26,512 (-75.0%), from €35,329 to €8,816
- Staff costs -€2,665
no longer reported in 2025 (was €2,665)
- Financial charges -€2,323
down €2,323 (-86.5%), from €2,685 to €362
- Depreciation -€1,255
down €1,255 (-14.9%), from €8,406 to €7,151
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,919 | €37,466 | -€89,453 | -70.5% |
| Fixed assets | 21/28 | €82,259 | €21,500 | -€60,759 | -73.9% |
| Tangible fixed assets | 22/27 | €82,259 | €21,500 | -€60,759 | -73.9% |
| Plant, machinery and equipment | 23 | €19,102 | €14,864 | -€4,237 | -22.2% |
| Furniture and vehicles | 24 | €63,157 | €6,636 | -€56,521 | -89.5% |
| Current assets | 29/58 | €44,659 | €15,966 | -€28,694 | -64.3% |
| Amounts receivable within one year | 40/41 | €13,117 | - | -€13,117 | |
| Trade receivables | 40 | €9,218 | - | -€9,218 | |
| Other amounts receivable | 41 | €3,899 | - | -€3,899 | |
| Cash at bank and in hand | 54/58 | €31,543 | €15,966 | -€15,577 | -49.4% |
| Total equity and liabilities | 10/49 | €126,919 | €37,466 | -€89,453 | -70.5% |
| Equity | 10/15 | -€47,425 | -€95,898 | -€48,472 | -102% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €34,461 | €34,461 | = | 0.0% |
| Distributable reserves | 133 | €34,461 | €34,461 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,886 | -€133,358 | -€48,472 | -57.1% |
| Amounts payable | 17/49 | €174,344 | €133,364 | -€40,980 | -23.5% |
| Amounts payable within one year | 42/48 | €174,344 | €133,364 | -€40,980 | -23.5% |
| Trade debts | 44 | €7,310 | €9,705 | +€2,395 | +32.8% |
| Suppliers | 440/4 | €7,310 | €9,705 | +€2,395 | +32.8% |
| Taxes, remuneration and social security | 45 | €550 | €2,295 | +€1,746 | +318% |
| Taxes | 450/3 | €550 | €2,295 | +€1,746 | +318% |
| Other amounts payable | 47/48 | €166,484 | €121,363 | -€45,121 | -27.1% |
| Remuneration, social security and pensions | 62 | €2,665 | - | -€2,665 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,406 | €7,151 | -€1,255 | -14.9% |
| Other operating charges | 640/8 | €815 | €50,013 | +€49,198 | +6,036% |
| Gross operating margin | 9900 | €35,329 | €8,816 | -€26,512 | -75.0% |
| Operating profit (loss) | 9901 | €23,443 | -€48,347 | -€71,790 | |
| Financial income | 75/76B | - | €390 | +€390 | |
| Recurring financial income | 75 | - | €390 | +€390 | |
| Financial charges | 65/66B | €2,685 | €362 | -€2,323 | -86.5% |
| Recurring financial charges | 65 | €2,685 | €362 | -€2,323 | -86.5% |
| Profit (loss) for the period before taxes | 9903 | €20,758 | -€48,320 | -€69,078 | |
| Income taxes | 67/77 | €266 | €152 | -€114 | -42.9% |
| Profit (loss) for the period | 9904 | €20,491 | -€48,472 | -€68,964 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,491 | -€48,472 | -€68,964 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.