TINE BOLLEN: 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.
TINE BOLLEN
Largest movements
- Receivables after one year +€25,000
up €25,000 (+50.0%), from €50,000 to €75,000
- Cash +€8,475
up €8,475 (+37.0%), from €22,935 to €31,410
mainly Net result for the year (+€44,583) and Trade debts (+€2,670)
- Receivables within one year +€2,972
up €2,972 (+15.6%), from €19,020 to €21,992
of which Trade receivables: +€2,800
- Deferred charges and accrued income +€1,413
new in 2025: €1,413
- Reserves +€44,583
up €44,583 (+70.0%), from €63,648 to €108,231
- Tax, wage and social debts -€9,164
down €9,164 (-41.6%), from €22,049 to €12,886
- Trade debts +€2,670
up €2,670 (+80.6%), from €3,315 to €5,985
- Gross operating margin +€20,762
up €20,762 (+51.9%), from €40,029 to €60,790
- Taxes +€5,978
up €5,978 (+67.8%), from €8,823 to €14,801
- Financial charges -€1,112
down €1,112 (-89.6%), from €1,242 to €130
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 | €93,823 | €132,432 | +€38,609 | +41.2% |
| Fixed assets | 21/28 | €1,868 | €2,616 | +€748 | +40.0% |
| Tangible fixed assets | 22/27 | €1,868 | €2,616 | +€748 | +40.0% |
| Plant, machinery and equipment | 23 | €1,346 | €2,515 | +€1,169 | +86.9% |
| Furniture and vehicles | 24 | €523 | €102 | -€421 | -80.6% |
| Current assets | 29/58 | €91,955 | €129,816 | +€37,861 | +41.2% |
| Amounts receivable after more than one year | 29 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Other amounts receivable | 291 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Amounts receivable within one year | 40/41 | €19,020 | €21,992 | +€2,972 | +15.6% |
| Trade receivables | 40 | €15,780 | €18,580 | +€2,800 | +17.7% |
| Other amounts receivable | 41 | €3,240 | €3,412 | +€172 | +5.3% |
| Cash at bank and in hand | 54/58 | €22,935 | €31,410 | +€8,475 | +37.0% |
| Deferred charges and accrued income | 490/1 | - | €1,413 | +€1,413 | |
| Total equity and liabilities | 10/49 | €93,823 | €132,432 | +€38,609 | +41.2% |
| Equity | 10/15 | €65,648 | €110,231 | +€44,583 | +67.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €63,648 | €108,231 | +€44,583 | +70.0% |
| Distributable reserves | 133 | €63,648 | €108,231 | +€44,583 | +70.0% |
| Amounts payable | 17/49 | €28,175 | €22,201 | -€5,974 | -21.2% |
| Amounts payable within one year | 42/48 | €28,175 | €22,201 | -€5,974 | -21.2% |
| Trade debts | 44 | €3,315 | €5,985 | +€2,670 | +80.6% |
| Suppliers | 440/4 | €3,315 | €5,985 | +€2,670 | +80.6% |
| Taxes, remuneration and social security | 45 | €22,049 | €12,886 | -€9,164 | -41.6% |
| Taxes | 450/3 | €22,049 | €12,886 | -€9,164 | -41.6% |
| Other amounts payable | 47/48 | €2,811 | €3,330 | +€519 | +18.5% |
| Non-recurring operating income | 76A | €952 | - | -€952 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €952 | €1,377 | +€425 | +44.6% |
| Other operating charges | 640/8 | €989 | €462 | -€527 | -53.3% |
| Non-recurring operating charges | 66A | €515 | €243 | -€272 | -52.8% |
| Gross operating margin | 9900 | €40,029 | €60,790 | +€20,762 | +51.9% |
| Operating profit (loss) | 9901 | €37,573 | €58,708 | +€21,136 | +56.3% |
| Financial income | 75/76B | €500 | €806 | +€306 | +61.2% |
| Recurring financial income | 75 | €500 | €806 | +€306 | +61.2% |
| Financial charges | 65/66B | €1,242 | €130 | -€1,112 | -89.6% |
| Recurring financial charges | 65 | €1,242 | €130 | -€1,112 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | €36,831 | €59,385 | +€22,554 | +61.2% |
| Income taxes | 67/77 | €8,823 | €14,801 | +€5,978 | +67.8% |
| Profit (loss) for the period | 9904 | €28,008 | €44,583 | +€16,576 | +59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,008 | €44,583 | +€16,576 | +59.2% |
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 17 October 2026 via checked.be.