F. 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.
F. BOLLEN
Largest movements
- Receivables within one year -€38,871
down €38,871 (-55.3%), from €70,349 to €31,479
of which Other amounts receivable: -€30,871
- Receivables after one year -€34,589
down €34,589 (-11.1%), from €311,255 to €276,667
- Cash +€33,117
up €33,117 (+7.7%), from €428,080 to €461,197
mainly Receivables within one year (+€38,871) and Net result for the year (+€36,626)
- Tax, wage and social debts -€20,357
down €20,357 (-70.5%), from €28,857 to €8,500
- Reserves -€18,087
down €18,087 (-2.5%), from €716,945 to €698,858
- Financial income -€219,123
down €219,123 (-91.6%), from €239,303 to €20,179
of which Non-recurring financial income: -€239,303
- Taxes -€17,204
down €17,204 (-52.8%), from €32,579 to €15,376
- Gross operating margin -€4,127
down €4,127 (-9.8%), from €41,962 to €37,835
- Depreciation -€2,285
down €2,285 (-31.8%), from €7,175 to €4,890
- Other operating charges -€431
down €431 (-29.0%), from €1,485 to €1,054
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 | €816,663 | €779,513 | -€37,151 | -4.5% |
| Fixed assets | 21/28 | €5,500 | €610 | -€4,890 | -88.9% |
| Tangible fixed assets | 22/27 | €5,500 | €610 | -€4,890 | -88.9% |
| Furniture and vehicles | 24 | €5,500 | €610 | -€4,890 | -88.9% |
| Current assets | 29/58 | €811,163 | €778,903 | -€32,261 | -4.0% |
| Amounts receivable after more than one year | 29 | €311,255 | €276,667 | -€34,589 | -11.1% |
| Other amounts receivable | 291 | €311,255 | €276,667 | -€34,589 | -11.1% |
| Amounts receivable within one year | 40/41 | €70,349 | €31,479 | -€38,871 | -55.3% |
| Trade receivables | 40 | €34,890 | €26,890 | -€8,000 | -22.9% |
| Other amounts receivable | 41 | €35,459 | €4,589 | -€30,871 | -87.1% |
| Cash at bank and in hand | 54/58 | €428,080 | €461,197 | +€33,117 | +7.7% |
| Deferred charges and accrued income | 490/1 | €1,480 | €9,561 | +€8,081 | +546.2% |
| Total equity and liabilities | 10/49 | €816,663 | €779,513 | -€37,151 | -4.5% |
| Equity | 10/15 | €786,945 | €768,858 | -€18,087 | -2.3% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €716,945 | €698,858 | -€18,087 | -2.5% |
| Distributable reserves | 133 | €716,945 | €698,858 | -€18,087 | -2.5% |
| Amounts payable | 17/49 | €29,718 | €10,655 | -€19,063 | -64.1% |
| Amounts payable within one year | 42/48 | €29,331 | €10,267 | -€19,063 | -65.0% |
| Trade debts | 44 | €138 | €123 | -€15 | -10.8% |
| Suppliers | 440/4 | €138 | €123 | -€15 | -10.8% |
| Taxes, remuneration and social security | 45 | €28,857 | €8,500 | -€20,357 | -70.5% |
| Taxes | 450/3 | €28,857 | €8,500 | -€20,357 | -70.5% |
| Other amounts payable | 47/48 | €336 | €1,644 | +€1,308 | +389.2% |
| Accrued charges and deferred income | 492/3 | €387 | €387 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,175 | €4,890 | -€2,285 | -31.8% |
| Other operating charges | 640/8 | €1,485 | €1,054 | -€431 | -29.0% |
| Gross operating margin | 9900 | €41,962 | €37,835 | -€4,127 | -9.8% |
| Operating profit (loss) | 9901 | €33,302 | €31,891 | -€1,411 | -4.2% |
| Financial income | 75/76B | €239,303 | €20,179 | -€219,123 | -91.6% |
| Recurring financial income | 75 | €239,303 | €20,179 | -€219,123 | -91.6% |
| Non-recurring financial income | 76B | €239,303 | - | -€239,303 | |
| Financial charges | 65/66B | €116 | €69 | -€47 | -40.8% |
| Recurring financial charges | 65 | €116 | €69 | -€47 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €272,489 | €52,002 | -€220,487 | -80.9% |
| Income taxes | 67/77 | €32,579 | €15,376 | -€17,204 | -52.8% |
| Profit (loss) for the period | 9904 | €239,910 | €36,626 | -€203,283 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €239,910 | €36,626 | -€203,283 | -84.7% |
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 3 October 2026 via checked.be.