BODARWE - OLAERTS: 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.
BODARWE - OLAERTS
Largest movements
- Cash -€176,614
down €176,614 (-89.2%), from €198,050 to €21,436
mainly Current investments (-€170,545) and Net result for the year (-€31,224)
- Current investments +€170,545
up €170,545 (+19.8%), from €863,416 to €1.0m
- Other debts +€36,224
up €36,224 (+113%), from €31,917 to €68,141
- Profit (loss) carried forward -€31,224
down €31,224 (-3.2%), from -€973,604 to -€1.0m
- Provisions -€15,000
down €15,000 (-1.8%), from €830,000 to €815,000
- Taxes +€189,513
up €189,513 (+92.9%), from -€204,000 to -€14,487
- Write-downs -€93,157
no longer reported in 2025 (was €93,157)
- Financial charges +€24,237
up €24,237 (+1,212%), from €2,000 to €26,237
- Financial income +€9,346
up €9,346 (+49.4%), from €18,931 to €28,277
- Gross operating margin +€2,430
up €2,430 (+6.0%), from -€40,700 to -€38,270
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 | €1,241,678 | €1,231,845 | -€9,833 | -0.8% |
| Fixed assets | 21/28 | €176,025 | €169,368 | -€6,657 | -3.8% |
| Tangible fixed assets | 22/27 | €176,025 | €169,368 | -€6,657 | -3.8% |
| Land and buildings | 22 | €176,025 | €169,368 | -€6,657 | -3.8% |
| Current assets | 29/58 | €1,065,653 | €1,062,477 | -€3,176 | -0.3% |
| Amounts receivable within one year | 40/41 | €3,295 | €4,728 | +€1,433 | +43.5% |
| Other amounts receivable | 41 | €3,295 | €4,728 | +€1,433 | +43.5% |
| Current investments | 50/53 | €863,416 | €1,033,962 | +€170,545 | +19.8% |
| Cash at bank and in hand | 54/58 | €198,050 | €21,436 | -€176,614 | -89.2% |
| Deferred charges and accrued income | 490/1 | €891 | €2,351 | +€1,459 | +164% |
| Total equity and liabilities | 10/49 | €1,241,678 | €1,231,845 | -€9,833 | -0.8% |
| Equity | 10/15 | -€863,604 | -€894,827 | -€31,224 | -3.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€973,604 | -€1,004,827 | -€31,224 | -3.2% |
| Provisions and deferred taxes | 16 | €830,000 | €815,000 | -€15,000 | -1.8% |
| Provisions for liabilities and charges | 160/5 | €830,000 | €815,000 | -€15,000 | -1.8% |
| Taxes | 161 | €830,000 | €815,000 | -€15,000 | -1.8% |
| Amounts payable | 17/49 | €1,275,281 | €1,311,672 | +€36,391 | +2.9% |
| Amounts payable after more than one year | 17 | €440,000 | €440,000 | = | 0.0% |
| Other amounts payable | 178/9 | €440,000 | €440,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €691,991 | €729,838 | +€37,847 | +5.5% |
| Financial debts | 43 | €650,000 | €650,000 | = | 0.0% |
| Credit institutions | 430/8 | €650,000 | €650,000 | = | 0.0% |
| Trade debts | 44 | €10,074 | €11,697 | +€1,623 | +16.1% |
| Suppliers | 440/4 | €10,074 | €11,697 | +€1,623 | +16.1% |
| Other amounts payable | 47/48 | €31,917 | €68,141 | +€36,224 | +113% |
| Accrued charges and deferred income | 492/3 | €143,290 | €141,833 | -€1,456 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,584 | €6,657 | +€2,072 | +45.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €93,157 | - | -€93,157 | |
| Other operating charges | 640/8 | €2,395 | €2,824 | +€429 | +17.9% |
| Gross operating margin | 9900 | -€40,700 | -€38,270 | +€2,430 | +6.0% |
| Operating profit (loss) | 9901 | -€140,836 | -€47,751 | +€93,085 | +66.1% |
| Financial income | 75/76B | €18,931 | €28,277 | +€9,346 | +49.4% |
| Recurring financial income | 75 | €18,931 | €28,277 | +€9,346 | +49.4% |
| Financial charges | 65/66B | €2,000 | €26,237 | +€24,237 | +1,212% |
| Recurring financial charges | 65 | €2,000 | €26,237 | +€24,237 | +1,212% |
| Profit (loss) for the period before taxes | 9903 | -€123,905 | -€45,710 | +€78,194 | +63.1% |
| Income taxes | 67/77 | -€204,000 | -€14,487 | +€189,513 | +92.9% |
| Profit (loss) for the period | 9904 | €80,095 | -€31,224 | -€111,319 | |
| Profit (loss) for the period to be appropriated | 9905 | €80,095 | -€31,224 | -€111,319 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.