BODARWE IMMO: 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.
What changed
BODARWE IMMO
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€6,390
2024 · €3,490-€9,880
Equity
€699,240
2024 · €705,630-€6,390
Cash
€44,409
2024 · €33,263+€11,146
Balance sheet total
€1.3m
2024 · €1.3m-€915
Largest movements
Assets
- Tangible fixed assets -€16,136
down €16,136 (-3.2%), from €497,533 to €481,396
Equity and liabilities
- Other debts +€20,000
up €20,000 (+8.6%), from €231,400 to €251,400
Income statement
- Gross operating margin -€9,153
down €9,153 (-34.1%), from €26,853 to €17,700
- Financial charges +€513
up €513 (+7.7%), from €6,634 to €7,147
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.
Result 2024
€3,490
Gross operating margin
-€9,153
Other operating charges
-€170
Financial income
-€41
Financial charges
-€513
Taxes
-€2
Result 2025
-€6,390
lowers the result
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.
From operations
+€22,909
Investment
€0
Financing
-€11,763
Cash 2024
€33,263
From operations (derived)
+€22,909
Net result for the year
-€6,390
Depreciation
+€16,136
Stocks and contracts
-€9,313
Receivables within one year
+€5,238
Provisions
-€4,278
Trade debts
+€1,516
Other debts
+€20,000
Financing
-€11,763
Debts after one year
-€11,969
Current portion of long-term debt
+€206
Cash 2025
€44,409
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,287,557 | €1,286,642 | -€915 | -0.1% |
| Fixed assets | 21/28 | €497,533 | €481,396 | -€16,136 | -3.2% |
| Tangible fixed assets | 22/27 | €497,533 | €481,396 | -€16,136 | -3.2% |
| Land and buildings | 22 | €497,533 | €481,396 | -€16,136 | -3.2% |
| Current assets | 29/58 | €790,025 | €805,246 | +€15,221 | +1.9% |
| Stocks and contracts in progress | 3 | €751,042 | €760,354 | +€9,313 | +1.2% |
| Stocks | 30/36 | €751,042 | €760,354 | +€9,313 | +1.2% |
| Amounts receivable within one year | 40/41 | €5,720 | €482 | -€5,238 | -91.6% |
| Other amounts receivable | 41 | €5,720 | €482 | -€5,238 | -91.6% |
| Cash at bank and in hand | 54/58 | €33,263 | €44,409 | +€11,146 | +33.5% |
| Total equity and liabilities | 10/49 | €1,287,557 | €1,286,642 | -€915 | -0.1% |
| Equity | 10/15 | €705,630 | €699,240 | -€6,390 | -0.9% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Capital | 10 | €225,000 | €225,000 | = | 0.0% |
| Issued capital | 100 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €213,747 | €205,443 | -€8,304 | -3.9% |
| Non-distributable reserves | 130/1 | €22,500 | €22,500 | = | 0.0% |
| Legal reserve | 130 | €22,500 | €22,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €191,247 | €182,943 | -€8,304 | -4.3% |
| Profit (loss) carried forward | 14 | €266,883 | €268,797 | +€1,915 | +0.7% |
| Provisions and deferred taxes | 16 | €98,521 | €94,243 | -€4,278 | -4.3% |
| Deferred taxes | 168 | €98,521 | €94,243 | -€4,278 | -4.3% |
| Amounts payable | 17/49 | €483,406 | €493,159 | +€9,753 | +2.0% |
| Amounts payable after more than one year | 17 | €220,070 | €208,101 | -€11,969 | -5.4% |
| Financial debts | 170/4 | €220,070 | €208,101 | -€11,969 | -5.4% |
| Amounts payable within one year | 42/48 | €261,337 | €283,058 | +€21,721 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €11,763 | €11,969 | +€206 | +1.7% |
| Trade debts | 44 | €18,174 | €19,689 | +€1,516 | +8.3% |
| Suppliers | 440/4 | €18,174 | €19,689 | +€1,516 | +8.3% |
| Other amounts payable | 47/48 | €231,400 | €251,400 | +€20,000 | +8.6% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,136 | €16,136 | = | 0.0% |
| Other operating charges | 640/8 | €4,919 | €5,089 | +€170 | +3.5% |
| Gross operating margin | 9900 | €26,853 | €17,700 | -€9,153 | -34.1% |
| Operating profit (loss) | 9901 | €5,799 | -€3,525 | -€9,323 | |
| Financial income | 75/76B | €47 | €6 | -€41 | -87.0% |
| Recurring financial income | 75 | €47 | €6 | -€41 | -87.0% |
| Financial charges | 65/66B | €6,634 | €7,147 | +€513 | +7.7% |
| Recurring financial charges | 65 | €6,634 | €7,147 | +€513 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | -€788 | -€10,666 | -€9,878 | -1,253% |
| Transfer from deferred taxes | 780 | €4,278 | €4,278 | = | 0.0% |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | €3,490 | -€6,390 | -€9,880 | |
| Transfer from tax-exempt reserves | 789 | €8,304 | €8,304 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,794 | €1,915 | -€9,880 | -83.8% |
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 15 October 2026 via checked.be.