BODART-KIRSCH: 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-KIRSCH
Largest movements
- Stocks and contracts +€11,900
up €11,900 (+9.0%), from €132,441 to €144,341
- Cash +€8,925
up €8,925 (+9.2%), from €96,916 to €105,841
mainly Net result for the year (+€32,618) and Other debts (+€536)
- Deferred charges and accrued income +€2,946
up €2,946 (+616%), from €478 to €3,424
- Receivables within one year +€2,734
up €2,734 (+3,807%), from €72 to €2,806
of which Trade receivables: +€2,674
- Profit (loss) carried forward +€20,618
up €20,618 (+30.3%), from €68,007 to €88,624
- Reserves +€12,000
up €12,000 (+16.7%), from €71,855 to €83,855
- Trade debts -€4,363
down €4,363 (-14.4%), from €30,269 to €25,906
- Gross operating margin +€11,880
up €11,880 (+19.7%), from €60,420 to €72,300
- Taxes +€2,493
up €2,493 (+29.9%), from €8,340 to €10,833
- Staff costs -€1,953
down €1,953 (-6.9%), from €28,343 to €26,390
- Write-downs +€1,604
up €1,604, from -€1,179 to €425
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 | €231,134 | €257,897 | +€26,762 | +11.6% |
| Fixed assets | 21/28 | €1,227 | €1,484 | +€257 | +20.9% |
| Tangible fixed assets | 22/27 | €1,027 | €1,284 | +€257 | +25.0% |
| Furniture and vehicles | 24 | €1,027 | €1,284 | +€257 | +25.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €229,907 | €256,413 | +€26,505 | +11.5% |
| Stocks and contracts in progress | 3 | €132,441 | €144,341 | +€11,900 | +9.0% |
| Stocks | 30/36 | €132,441 | €144,341 | +€11,900 | +9.0% |
| Amounts receivable within one year | 40/41 | €72 | €2,806 | +€2,734 | +3,807% |
| Trade receivables | 40 | €72 | €2,746 | +€2,674 | +3,724% |
| Other amounts receivable | 41 | - | €60 | +€60 | |
| Cash at bank and in hand | 54/58 | €96,916 | €105,841 | +€8,925 | +9.2% |
| Deferred charges and accrued income | 490/1 | €478 | €3,424 | +€2,946 | +616% |
| Total equity and liabilities | 10/49 | €231,134 | €257,897 | +€26,762 | +11.6% |
| Equity | 10/15 | €158,412 | €191,029 | +€32,618 | +20.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €71,855 | €83,855 | +€12,000 | +16.7% |
| Distributable reserves | 133 | €71,855 | €83,855 | +€12,000 | +16.7% |
| Profit (loss) carried forward | 14 | €68,007 | €88,624 | +€20,618 | +30.3% |
| Amounts payable | 17/49 | €72,723 | €66,867 | -€5,856 | -8.1% |
| Amounts payable within one year | 42/48 | €72,723 | €66,867 | -€5,856 | -8.1% |
| Trade debts | 44 | €30,269 | €25,906 | -€4,363 | -14.4% |
| Suppliers | 440/4 | €30,269 | €25,906 | -€4,363 | -14.4% |
| Taxes, remuneration and social security | 45 | €25,769 | €23,739 | -€2,029 | -7.9% |
| Taxes | 450/3 | €19,385 | €16,520 | -€2,865 | -14.8% |
| Remuneration and social security | 454/9 | €6,384 | €7,220 | +€836 | +13.1% |
| Other amounts payable | 47/48 | €16,685 | €17,221 | +€536 | +3.2% |
| Remuneration, social security and pensions | 62 | €28,343 | €26,390 | -€1,953 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €467 | €438 | -€29 | -6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,179 | €425 | +€1,604 | |
| Other operating charges | 640/8 | €1,802 | €1,923 | +€121 | +6.7% |
| Gross operating margin | 9900 | €60,420 | €72,300 | +€11,880 | +19.7% |
| Operating profit (loss) | 9901 | €30,988 | €43,125 | +€12,136 | +39.2% |
| Financial income | 75/76B | €1,906 | €2,063 | +€156 | +8.2% |
| Recurring financial income | 75 | €1,906 | €2,063 | +€156 | +8.2% |
| Financial charges | 65/66B | €1,370 | €1,736 | +€367 | +26.8% |
| Recurring financial charges | 65 | €1,370 | €1,736 | +€367 | +26.8% |
| Profit (loss) for the period before taxes | 9903 | €31,525 | €43,451 | +€11,926 | +37.8% |
| Income taxes | 67/77 | €8,340 | €10,833 | +€2,493 | +29.9% |
| Profit (loss) for the period | 9904 | €23,185 | €32,618 | +€9,433 | +40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,185 | €32,618 | +€9,433 | +40.7% |
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 30 October 2026 via checked.be.