BODALCO: 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.
BODALCO
Largest movements
- Tangible fixed assets -€46,510
down €46,510 (-6.7%), from €690,895 to €644,385
of which Land and buildings: -€38,938
- Receivables within one year -€26,296
down €26,296 (-4.6%), from €565,807 to €539,511
of which Other amounts receivable: -€23,372
- Profit (loss) carried forward -€38,150
new in 2025: -€38,150
- Other debts -€30,826
down €30,826 (-13.3%), from €231,838 to €201,012
- Taxes -€125,476
down €125,476 (-99.7%), from €125,822 to €345
- Gross operating margin +€26,073
up €26,073, from -€18,019 to €8,054
- Financial charges -€2,615
down €2,615 (-31.9%), from €8,205 to €5,590
- Other operating charges -€649
down €649 (-23.7%), from €2,745 to €2,096
- Depreciation -€192
down €192 (-0.5%), from €38,767 to €38,575
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 | €1,258,440 | €1,185,634 | -€72,806 | -5.8% |
| Fixed assets | 21/28 | €690,895 | €644,385 | -€46,510 | -6.7% |
| Tangible fixed assets | 22/27 | €690,895 | €644,385 | -€46,510 | -6.7% |
| Land and buildings | 22 | €649,583 | €610,646 | -€38,938 | -6.0% |
| Plant, machinery and equipment | 23 | €41,312 | €33,739 | -€7,572 | -18.3% |
| Current assets | 29/58 | €567,545 | €541,249 | -€26,296 | -4.6% |
| Amounts receivable within one year | 40/41 | €565,807 | €539,511 | -€26,296 | -4.6% |
| Trade receivables | 40 | €3,068 | €144 | -€2,924 | -95.3% |
| Other amounts receivable | 41 | €562,739 | €539,367 | -€23,372 | -4.2% |
| Current investments | 50/53 | €1,735 | €1,735 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3 | €2 | -€0 | -10.0% |
| Total equity and liabilities | 10/49 | €1,258,440 | €1,185,634 | -€72,806 | -5.8% |
| Equity | 10/15 | €738,734 | €700,584 | -€38,150 | -5.2% |
| Contributions | 10/11 | €495,787 | €495,787 | = | 0.0% |
| Reserves | 13 | €242,947 | €242,947 | = | 0.0% |
| Distributable reserves | 133 | €242,947 | €242,947 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€38,150 | -€38,150 | |
| Amounts payable | 17/49 | €519,706 | €485,050 | -€34,656 | -6.7% |
| Amounts payable after more than one year | 17 | €125,000 | €125,000 | = | 0.0% |
| Financial debts | 170/4 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €394,706 | €360,050 | -€34,656 | -8.8% |
| Financial debts | 43 | €547 | €690 | +€143 | +26.0% |
| Credit institutions | 430/8 | €547 | €690 | +€143 | +26.0% |
| Trade debts | 44 | €36,500 | €32,181 | -€4,318 | -11.8% |
| Suppliers | 440/4 | €36,500 | €32,181 | -€4,318 | -11.8% |
| Taxes, remuneration and social security | 45 | €125,822 | €126,167 | +€345 | +0.3% |
| Taxes | 450/3 | €125,822 | €126,167 | +€345 | +0.3% |
| Other amounts payable | 47/48 | €231,838 | €201,012 | -€30,826 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,767 | €38,575 | -€192 | -0.5% |
| Other operating charges | 640/8 | €2,745 | €2,096 | -€649 | -23.7% |
| Gross operating margin | 9900 | -€18,019 | €8,054 | +€26,073 | |
| Operating profit (loss) | 9901 | -€59,531 | -€32,617 | +€26,913 | +45.2% |
| Financial income | 75/76B | €446 | €403 | -€43 | -9.6% |
| Recurring financial income | 75 | €446 | €403 | -€43 | -9.6% |
| Financial charges | 65/66B | €8,205 | €5,590 | -€2,615 | -31.9% |
| Recurring financial charges | 65 | €8,205 | €5,590 | -€2,615 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | -€67,290 | -€37,805 | +€29,486 | +43.8% |
| Transfer from deferred taxes | 780 | €149,582 | - | -€149,582 | |
| Income taxes | 67/77 | €125,822 | €345 | -€125,476 | -99.7% |
| Profit (loss) for the period | 9904 | -€43,530 | -€38,150 | +€5,380 | +12.4% |
| Transfer from tax-exempt reserves | 789 | €421,186 | - | -€421,186 | |
| Profit (loss) for the period to be appropriated | 9905 | €377,657 | -€38,150 | -€415,807 |
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 10 October 2026 via checked.be.