BOULEVARD TOWER: 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.
BOULEVARD TOWER
Largest movements
- Deferred charges and accrued income +€367,329
up €367,329 (+161%), from €228,658 to €595,988
- Receivables within one year -€367,080
no longer reported in 2025 (was €367,080)
- Financial fixed assets +€202,846
up €202,846 (+1.1%), from €19.3m to €19.5m
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€694,433
up €694,433 (+293%), from €237,114 to €931,546
- Financial charges +€692,322
up €692,322 (+2,708%), from €25,569 to €717,890
- Gross operating margin +€158,145
up €158,145 (+89.9%), from -€176,003 to -€17,858
- Taxes +€41,605
up €41,605 (+401%), from €10,378 to €51,983
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 | €20,101,888 | €20,182,643 | +€80,755 | +0.4% |
| Fixed assets | 21/28 | €19,250,475 | €19,453,322 | +€202,846 | +1.1% |
| Financial fixed assets | 28 | €19,250,475 | €19,453,322 | +€202,846 | +1.1% |
| Current assets | 29/58 | €851,412 | €729,322 | -€122,091 | -14.3% |
| Amounts receivable within one year | 40/41 | €367,080 | - | -€367,080 | |
| Other amounts receivable | 41 | €367,080 | - | -€367,080 | |
| Cash at bank and in hand | 54/58 | €255,674 | €133,334 | -€122,341 | -47.9% |
| Deferred charges and accrued income | 490/1 | €228,658 | €595,988 | +€367,329 | +161% |
| Total equity and liabilities | 10/49 | €20,101,888 | €20,182,643 | +€80,755 | +0.4% |
| Equity | 10/15 | €13,206,320 | €13,349,122 | +€142,802 | +1.1% |
| Contributions | 10/11 | €3,014,018 | €3,014,018 | = | 0.0% |
| Reserves | 13 | €10,192,302 | €10,335,104 | +€142,802 | +1.4% |
| Non-distributable reserves | 130/1 | €300,000 | €300,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300,000 | €300,000 | = | 0.0% |
| Distributable reserves | 133 | €9,892,302 | €10,035,104 | +€142,802 | +1.4% |
| Amounts payable | 17/49 | €6,895,568 | €6,833,521 | -€62,047 | -0.9% |
| Amounts payable after more than one year | 17 | €6,743,393 | €6,743,393 | = | 0.0% |
| Financial debts | 170/4 | €6,743,393 | €6,743,393 | = | 0.0% |
| Amounts payable within one year | 42/48 | €126,606 | €64,559 | -€62,047 | -49.0% |
| Trade debts | 44 | €71,731 | €3,917 | -€67,814 | -94.5% |
| Suppliers | 440/4 | €71,731 | €3,917 | -€67,814 | -94.5% |
| Taxes, remuneration and social security | 45 | €54,875 | €60,643 | +€5,768 | +10.5% |
| Taxes | 450/3 | €54,875 | €60,643 | +€5,768 | +10.5% |
| Accrued charges and deferred income | 492/3 | €25,569 | €25,569 | = | 0.0% |
| Other operating charges | 640/8 | €1,052 | €1,013 | -€39 | -3.7% |
| Gross operating margin | 9900 | -€176,003 | -€17,858 | +€158,145 | +89.9% |
| Operating profit (loss) | 9901 | -€177,055 | -€18,871 | +€158,184 | +89.3% |
| Financial income | 75/76B | €237,114 | €931,546 | +€694,433 | +293% |
| Recurring financial income | 75 | €237,114 | €931,546 | +€694,433 | +293% |
| Financial charges | 65/66B | €25,569 | €717,890 | +€692,322 | +2,708% |
| Recurring financial charges | 65 | €25,569 | €717,890 | +€692,322 | +2,708% |
| Profit (loss) for the period before taxes | 9903 | €34,490 | €194,785 | +€160,295 | +465% |
| Income taxes | 67/77 | €10,378 | €51,983 | +€41,605 | +401% |
| Profit (loss) for the period | 9904 | €24,111 | €142,802 | +€118,690 | +492% |
| Profit (loss) for the period to be appropriated | 9905 | €24,111 | €142,802 | +€118,690 | +492% |
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 20 October 2026 via checked.be.