BODART: 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.
BODART
Largest movements
- Tangible fixed assets -€13,390
down €13,390 (-4.5%), from €299,117 to €285,727
- Debts after one year -€17,065
down €17,065 (-6.6%), from €257,545 to €240,480
- Other debts +€4,316
up €4,316 (+2.0%), from €215,019 to €219,335
- Financial charges -€75,962
down €75,962 (-90.9%), from €83,611 to €7,649
of which Non-recurring financial charges: -€75,000
- Gross operating margin -€3,389
down €3,389 (-13.5%), from €25,022 to €21,633
- Other operating charges +€686
up €686 (+25.4%), from €2,700 to €3,386
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 | €301,182 | €288,625 | -€12,557 | -4.2% |
| Fixed assets | 21/28 | €299,316 | €285,926 | -€13,390 | -4.5% |
| Tangible fixed assets | 22/27 | €299,117 | €285,727 | -€13,390 | -4.5% |
| Land and buildings | 22 | €299,117 | €285,727 | -€13,390 | -4.5% |
| Financial fixed assets | 28 | €198 | €198 | = | 0.0% |
| Current assets | 29/58 | €1,866 | €2,699 | +€833 | +44.7% |
| Amounts receivable within one year | 40/41 | €970 | €2,645 | +€1,675 | +172.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €970 | €2,645 | +€1,675 | +172.7% |
| Cash at bank and in hand | 54/58 | €896 | €54 | -€842 | -93.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €301,182 | €288,625 | -€12,557 | -4.2% |
| Equity | 10/15 | -€189,449 | -€192,242 | -€2,793 | -1.5% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €1,580 | €1,580 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,580 | €1,580 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,580 | €1,580 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€215,819 | -€218,611 | -€2,793 | -1.3% |
| Amounts payable | 17/49 | €490,631 | €480,867 | -€9,764 | -2.0% |
| Amounts payable after more than one year | 17 | €257,545 | €240,480 | -€17,065 | -6.6% |
| Financial debts | 170/4 | €257,545 | €240,480 | -€17,065 | -6.6% |
| Amounts payable within one year | 42/48 | €233,086 | €240,387 | +€7,301 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €16,597 | €19,067 | +€2,470 | +14.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | - | €1,985 | +€1,985 | |
| Suppliers | 440/4 | - | €1,985 | +€1,985 | |
| Taxes, remuneration and social security | 45 | €1,471 | - | -€1,471 | |
| Taxes | 450/3 | €1,471 | - | -€1,471 | |
| Other amounts payable | 47/48 | €215,019 | €219,335 | +€4,316 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,390 | €13,390 | = | 0.0% |
| Other operating charges | 640/8 | €2,700 | €3,386 | +€686 | +25.4% |
| Gross operating margin | 9900 | €25,022 | €21,633 | -€3,389 | -13.5% |
| Operating profit (loss) | 9901 | €8,932 | €4,856 | -€4,075 | -45.6% |
| Financial charges | 65/66B | €83,611 | €7,649 | -€75,962 | -90.9% |
| Recurring financial charges | 65 | €8,611 | €7,649 | -€962 | -11.2% |
| Non-recurring financial charges | 66B | €75,000 | - | -€75,000 | |
| Profit (loss) for the period before taxes | 9903 | -€74,679 | -€2,793 | +€71,887 | +96.3% |
| Profit (loss) for the period | 9904 | -€74,679 | -€2,793 | +€71,887 | +96.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€74,679 | -€2,793 | +€71,887 | +96.3% |
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 9 October 2026 via checked.be.