BODAC: 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.
BODAC
Largest movements
- Tangible fixed assets -€137,855
down €137,855 (-2.4%), from €5.8m to €5.7m
- Debts after one year -€304,425
down €304,425 (-8.9%), from €3.4m to €3.1m
- Reserves +€78,458
up €78,458 (+170.9%), from €45,921 to €124,379
- Other debts +€59,000
up €59,000 (+6.9%), from €858,334 to €917,334
- Gross operating margin +€86,043
up €86,043 (+29.5%), from €291,246 to €377,289
- Other operating charges -€40,156
down €40,156 (-59.2%), from €67,780 to €27,624
- Financial charges +€32,365
up €32,365 (+45.6%), from €71,041 to €103,406
- Depreciation +€25,962
up €25,962 (+23.2%), from €111,893 to €137,855
- Taxes +€18,893
up €18,893 (+170.9%), from €11,054 to €29,947
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 | €5,855,338 | €5,686,048 | -€169,290 | -2.9% |
| Fixed assets | 21/28 | €5,796,326 | €5,658,472 | -€137,855 | -2.4% |
| Tangible fixed assets | 22/27 | €5,796,326 | €5,658,472 | -€137,855 | -2.4% |
| Land and buildings | 22 | €5,796,326 | €5,658,472 | -€137,855 | -2.4% |
| Current assets | 29/58 | €59,011 | €27,576 | -€31,435 | -53.3% |
| Amounts receivable within one year | 40/41 | €25,502 | €5,427 | -€20,075 | -78.7% |
| Trade receivables | 40 | €1,556 | €374 | -€1,182 | -76.0% |
| Other amounts receivable | 41 | €23,946 | €5,053 | -€18,893 | -78.9% |
| Cash at bank and in hand | 54/58 | €31,888 | €18,649 | -€13,239 | -41.5% |
| Deferred charges and accrued income | 490/1 | €1,621 | €3,500 | +€1,879 | +115.9% |
| Total equity and liabilities | 10/49 | €5,855,338 | €5,686,048 | -€169,290 | -2.9% |
| Equity | 10/15 | €340,921 | €419,379 | +€78,458 | +23.0% |
| Contributions | 10/11 | €295,000 | €295,000 | = | 0.0% |
| Reserves | 13 | €45,921 | €124,379 | +€78,458 | +170.9% |
| Distributable reserves | 133 | €45,921 | €124,379 | +€78,458 | +170.9% |
| Amounts payable | 17/49 | €5,514,416 | €5,266,669 | -€247,747 | -4.5% |
| Amounts payable after more than one year | 17 | €3,407,850 | €3,103,424 | -€304,425 | -8.9% |
| Financial debts | 170/4 | €3,407,850 | €3,103,424 | -€304,425 | -8.9% |
| Amounts payable within one year | 42/48 | €2,106,567 | €2,163,245 | +€56,678 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €296,040 | €304,425 | +€8,385 | +2.8% |
| Trade debts | 44 | €952,193 | €939,688 | -€12,505 | -1.3% |
| Suppliers | 440/4 | €952,193 | €939,688 | -€12,505 | -1.3% |
| Advances received on contracts in progress | 46 | - | €1,797 | +€1,797 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €858,334 | €917,334 | +€59,000 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,893 | €137,855 | +€25,962 | +23.2% |
| Other operating charges | 640/8 | €67,780 | €27,624 | -€40,156 | -59.2% |
| Gross operating margin | 9900 | €291,246 | €377,289 | +€86,043 | +29.5% |
| Operating profit (loss) | 9901 | €111,573 | €211,810 | +€100,237 | +89.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €71,041 | €103,406 | +€32,365 | +45.6% |
| Recurring financial charges | 65 | €71,041 | €103,406 | +€32,365 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | €40,532 | €108,404 | +€67,873 | +167.5% |
| Income taxes | 67/77 | €11,054 | €29,947 | +€18,893 | +170.9% |
| Profit (loss) for the period | 9904 | €29,478 | €78,458 | +€48,980 | +166.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,478 | €78,458 | +€48,980 | +166.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.