Geneviève Boliau: 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.
Geneviève Boliau
Largest movements
- Current investments +€950,000
up €950,000 (+317%), from €300,000 to €1.3m
- Cash -€868,899
down €868,899 (-95.6%), from €909,106 to €40,207
mainly Current investments (-€950,000) and Tax, wage and social debts (-€4,190)
- Receivables within one year -€34,761
down €34,761 (-77.1%), from €45,084 to €10,323
of which Trade receivables: -€32,676
- Reserves +€51,704
up €51,704 (+4.6%), from €1.1m to €1.2m
- Taxes -€3,903
down €3,903 (-13.8%), from €28,318 to €24,415
- Financial income -€3,114
down €3,114 (-17.3%), from €18,036 to €14,922
- Other operating charges +€2,707
up €2,707 (+4,242%), from €64 to €2,771
- Depreciation -€1,651
down €1,651 (-60.1%), from €2,748 to €1,096
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.
Derived cash bridge
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 | €1,263,834 | €1,312,207 | +€48,373 | +3.8% |
| Fixed assets | 21/28 | €9,644 | €11,676 | +€2,032 | +21.1% |
| Tangible fixed assets | 22/27 | €9,644 | €11,676 | +€2,032 | +21.1% |
| Land and buildings | 22 | €7,449 | €10,589 | +€3,140 | +42.2% |
| Plant, machinery and equipment | 23 | €973 | €391 | -€582 | -59.8% |
| Furniture and vehicles | 24 | €1,222 | €696 | -€526 | -43.0% |
| Current assets | 29/58 | €1,254,190 | €1,300,530 | +€46,341 | +3.7% |
| Amounts receivable within one year | 40/41 | €45,084 | €10,323 | -€34,761 | -77.1% |
| Trade receivables | 40 | €32,676 | - | -€32,676 | |
| Other amounts receivable | 41 | €12,408 | €10,323 | -€2,085 | -16.8% |
| Current investments | 50/53 | €300,000 | €1,250,000 | +€950,000 | +317% |
| Cash at bank and in hand | 54/58 | €909,106 | €40,207 | -€868,899 | -95.6% |
| Total equity and liabilities | 10/49 | €1,263,834 | €1,312,207 | +€48,373 | +3.8% |
| Equity | 10/15 | €1,143,648 | €1,195,352 | +€51,704 | +4.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,131,248 | €1,182,952 | +€51,704 | +4.6% |
| Distributable reserves | 133 | €1,131,248 | €1,182,952 | +€51,704 | +4.6% |
| Amounts payable | 17/49 | €120,186 | €116,855 | -€3,331 | -2.8% |
| Amounts payable within one year | 42/48 | €120,186 | €116,855 | -€3,331 | -2.8% |
| Trade debts | 44 | €4,401 | €1,655 | -€2,745 | -62.4% |
| Suppliers | 440/4 | €4,401 | €1,655 | -€2,745 | -62.4% |
| Taxes, remuneration and social security | 45 | €15,701 | €11,511 | -€4,190 | -26.7% |
| Taxes | 450/3 | €15,701 | €11,511 | -€4,190 | -26.7% |
| Other amounts payable | 47/48 | €100,084 | €103,689 | +€3,604 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,748 | €1,096 | -€1,651 | -60.1% |
| Other operating charges | 640/8 | €64 | €2,771 | +€2,707 | +4,242% |
| Non-recurring operating charges | 66A | - | €6,946 | +€6,946 | |
| Gross operating margin | 9900 | €71,830 | €72,431 | +€602 | +0.8% |
| Operating profit (loss) | 9901 | €69,018 | €61,619 | -€7,400 | -10.7% |
| Financial income | 75/76B | €18,036 | €14,922 | -€3,114 | -17.3% |
| Recurring financial income | 75 | €18,036 | €14,922 | -€3,114 | -17.3% |
| Financial charges | 65/66B | €344 | €422 | +€77 | +22.4% |
| Recurring financial charges | 65 | €344 | €422 | +€77 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €86,710 | €76,119 | -€10,590 | -12.2% |
| Income taxes | 67/77 | €28,318 | €24,415 | -€3,903 | -13.8% |
| Profit (loss) for the period | 9904 | €58,392 | €51,704 | -€6,688 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,392 | €51,704 | -€6,688 | -11.5% |
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 1 November 2026 via checked.be.