BODARWE: 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.
What changed
BODARWE
NACE 42.110, Construction of roads and motorways
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€421,563
2023 · €303,097+€118,466
Equity
€5.3m
2023 · €4.8m+€416,313
Cash
€2.0m
2023 · €1.7m+€214,056
Balance sheet total
€24.3m
2023 · €21.9m+€2.4m
Largest movements
Assets
- Receivables within one year +€1.4m
up €1.4m (+13.2%), from €10.5m to €11.8m
of which Trade receivables: +€861,561
- Stocks and contracts +€574,341
up €574,341 (+14.5%), from €4.0m to €4.5m
of which Contracts in progress: +€718,253
- Tangible fixed assets +€287,861
up €287,861 (+5.4%), from €5.3m to €5.6m
of which Leasing and similar rights: +€698,790
Equity and liabilities
- Trade debts +€1.2m
up €1.2m (+20.3%), from €5.9m to €7.1m
- Short-term financial debts +€823,856
up €823,856 (+18.8%), from €4.4m to €5.2m
- Profit (loss) carried forward +€421,563
up €421,563 (+15.3%), from €2.8m to €3.2m
Income statement
- Turnover +€3.7m
up €3.7m (+11.9%), from €30.8m to €34.4m
- Goods and materials +€2.0m
up €2.0m (+11.5%), from €17.6m to €19.6m
of which Purchases: +€2.0m
- Staff costs +€747,339
up €747,339 (+7.1%), from €10.5m to €11.3m
- Other operating income -€705,499
down €705,499 (-17.7%), from €4.0m to €3.3m
From the 2023 result to the 2024 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.
Result 2023
€303,097
Turnover
+€3.7m
Other operating income
-€705,499
Goods and materials
-€2.0m
Services and other goods
-€37,789
Staff costs
-€747,339
Depreciation
+€4,197
Other operating charges
-€110,966
Other operating items
+€123,115
Financial income
+€10,927
Financial charges
-€15,533
Taxes
-€31,872
Result 2024
€421,563
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.0m
Investment
-€1.7m
Financing
+€868,090
Cash 2023
€1.7m
From operations (derived)
+€1.0m
Net result for the year
+€421,563
Depreciation
+€1.4m
Stocks and contracts
-€574,341
Receivables within one year
-€1.4m
Deferred charges and accrued income
+€28,930
Trade debts
+€1.2m
Tax, wage and social debts
-€99,699
Other debts
+€151,037
Accrued charges and deferred income
-€104,930
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Financing
+€868,090
Debts after one year
-€43,623
Current portion of long-term debt
+€93,106
Short-term financial debts
+€823,856
Contributions, distributions and other
-€5,250
Cash 2024
€2.0m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,884,471 | €24,311,900 | +€2.4m | +11.1% |
| Fixed assets | 21/28 | €5,676,553 | €5,966,671 | +€290,119 | +5.1% |
| Intangible fixed assets | 21 | €18,813 | €10,456 | -€8,358 | -44.4% |
| Tangible fixed assets | 22/27 | €5,290,716 | €5,578,577 | +€287,861 | +5.4% |
| Land and buildings | 22 | €1,789,368 | €1,607,973 | -€181,395 | -10.1% |
| Plant, machinery and equipment | 23 | €454,393 | €366,624 | -€87,769 | -19.3% |
| Furniture and vehicles | 24 | €339,852 | €262,432 | -€77,419 | -22.8% |
| Leasing and similar rights | 25 | €2,642,758 | €3,341,548 | +€698,790 | +26.4% |
| Assets under construction and advance payments | 27 | €64,345 | - | -€64,345 | |
| Financial fixed assets | 28 | €367,023 | €377,638 | +€10,615 | +2.9% |
| Other financial fixed assets | 284/8 | €367,023 | €377,638 | +€10,615 | +2.9% |
| Shares | 284 | €10,310 | €10,310 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €356,713 | €367,328 | +€10,615 | +3.0% |
| Current assets | 29/58 | €16,207,918 | €18,345,228 | +€2.1m | +13.2% |
| Stocks and contracts in progress | 3 | €3,967,707 | €4,542,048 | +€574,341 | +14.5% |
| Stocks | 30/36 | €555,718 | €411,806 | -€143,912 | -25.9% |
| Raw materials and consumables | 30/31 | €165,368 | €95,667 | -€69,700 | -42.1% |
| Finished goods | 33 | €390,350 | €316,139 | -€74,212 | -19.0% |
| Contracts in progress | 37 | €3,411,989 | €4,130,242 | +€718,253 | +21.1% |
| Amounts receivable within one year | 40/41 | €10,471,581 | €11,849,424 | +€1.4m | +13.2% |
| Trade receivables | 40 | €9,508,278 | €10,369,838 | +€861,561 | +9.1% |
| Other amounts receivable | 41 | €963,304 | €1,479,586 | +€516,282 | +53.6% |
| Cash at bank and in hand | 54/58 | €1,739,700 | €1,953,756 | +€214,056 | +12.3% |
| Deferred charges and accrued income | 490/1 | €28,930 | - | -€28,930 | |
| Total equity and liabilities | 10/49 | €21,884,471 | €24,311,900 | +€2.4m | +11.1% |
| Equity | 10/15 | €4,839,518 | €5,255,831 | +€416,313 | +8.6% |
| Contributions | 10/11 | €1,360,000 | €1,360,000 | = | 0.0% |
| Capital | 10 | €1,360,000 | €1,360,000 | = | 0.0% |
| Issued capital | 100 | €1,360,000 | €1,360,000 | = | 0.0% |
| Reserves | 13 | €692,810 | €692,810 | = | 0.0% |
| Non-distributable reserves | 130/1 | €141,000 | €141,000 | = | 0.0% |
| Legal reserve | 130 | €136,000 | €136,000 | = | 0.0% |
| Other | 1319 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €151,810 | €151,810 | = | 0.0% |
| Distributable reserves | 133 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,756,688 | €3,178,252 | +€421,563 | +15.3% |
| Investment grants | 15 | €30,019 | €24,769 | -€5,250 | -17.5% |
| Amounts payable | 17/49 | €17,044,953 | €19,056,069 | +€2.0m | +11.8% |
| Amounts payable after more than one year | 17 | €3,605,690 | €3,562,068 | -€43,623 | -1.2% |
| Financial debts | 170/4 | €3,605,690 | €3,562,068 | -€43,623 | -1.2% |
| Leasing and similar obligations | 172 | €1,901,742 | €2,317,713 | +€415,971 | +21.9% |
| Credit institutions | 173 | €1,703,948 | €1,244,355 | -€459,594 | -27.0% |
| Amounts payable within one year | 42/48 | €13,306,939 | €15,466,608 | +€2.2m | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €1,477,119 | €1,570,225 | +€93,106 | +6.3% |
| Financial debts | 43 | €4,376,144 | €5,200,000 | +€823,856 | +18.8% |
| Credit institutions | 430/8 | €4,376,144 | €5,200,000 | +€823,856 | +18.8% |
| Trade debts | 44 | €5,881,477 | €7,072,846 | +€1.2m | +20.3% |
| Suppliers | 440/4 | €5,881,477 | €7,072,846 | +€1.2m | +20.3% |
| Taxes, remuneration and social security | 45 | €860,529 | €760,830 | -€99,699 | -11.6% |
| Taxes | 450/3 | €262,340 | €130,742 | -€131,598 | -50.2% |
| Remuneration and social security | 454/9 | €598,189 | €630,088 | +€31,898 | +5.3% |
| Other amounts payable | 47/48 | €711,671 | €862,708 | +€151,037 | +21.2% |
| Accrued charges and deferred income | 492/3 | €132,323 | €27,393 | -€104,930 | -79.3% |
| Operating income | 70/76A | €35,285,225 | €38,354,579 | +€3.1m | +8.7% |
| Turnover | 70 | €30,767,540 | €34,419,278 | +€3.7m | +11.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €520,927 | €644,042 | +€123,115 | +23.6% |
| Other operating income | 74 | €3,996,758 | €3,291,259 | -€705,499 | -17.7% |
| Operating charges | 60/66A | €34,544,902 | €37,459,312 | +€2.9m | +8.4% |
| Goods for resale, raw materials and consumables | 60 | €17,614,471 | €19,636,984 | +€2.0m | +11.5% |
| Purchases | 600/8 | €17,613,086 | €19,567,284 | +€2.0m | +11.1% |
| Change in stocks: decrease (increase) | 609 | €1,385 | €69,700 | +€68,316 | +4933.6% |
| Services and other goods | 61 | €4,776,285 | €4,814,073 | +€37,789 | +0.8% |
| Remuneration, social security and pensions | 62 | €10,513,377 | €11,260,716 | +€747,339 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,395,125 | €1,390,929 | -€4,197 | -0.3% |
| Other operating charges | 640/8 | €245,644 | €356,610 | +€110,966 | +45.2% |
| Operating profit (loss) | 9901 | €740,323 | €895,267 | +€154,943 | +20.9% |
| Financial income | 75/76B | €46,878 | €57,806 | +€10,927 | +23.3% |
| Recurring financial income | 75 | €46,878 | €57,806 | +€10,927 | +23.3% |
| Income from current assets | 751 | - | €884 | +€884 | |
| Other financial income | 752/9 | €46,878 | €56,921 | +€10,043 | +21.4% |
| Financial charges | 65/66B | €327,136 | €342,669 | +€15,533 | +4.7% |
| Recurring financial charges | 65 | €327,136 | €342,669 | +€15,533 | +4.7% |
| Debt charges | 650 | €286,365 | €302,488 | +€16,123 | +5.6% |
| Other financial charges | 652/9 | €40,771 | €40,181 | -€590 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €460,065 | €610,404 | +€150,338 | +32.7% |
| Income taxes | 67/77 | €156,968 | €188,840 | +€31,872 | +20.3% |
| Taxes | 670/3 | €156,968 | €188,840 | +€31,872 | +20.3% |
| Profit (loss) for the period | 9904 | €303,097 | €421,563 | +€118,466 | +39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €303,097 | €421,563 | +€118,466 | +39.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.