BODE: 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.
BODE
Largest movements
- Cash +€45,098
up €45,098 (+103%), from €43,807 to €88,905
mainly Receivables within one year (+€32,207) and Depreciation (+€27,410)
- Receivables within one year -€32,207
down €32,207 (-56.1%), from €57,363 to €25,156
of which Trade receivables: -€32,156
- Tangible fixed assets -€26,122
down €26,122 (-9.5%), from €273,860 to €247,738
- Debts after one year -€32,776
down €32,776 (-18.2%), from €179,788 to €147,012
- Reserves +€14,104
up €14,104 (+9.4%), from €150,379 to €164,483
of which Distributable reserves: +€15,850
- Current portion of long-term debt +€12,556
up €12,556 (+152%), from €8,260 to €20,816
- Trade debts -€9,806
down €9,806 (-67.2%), from €14,586 to €4,780
- Tax, wage and social debts +€6,937
up €6,937 (+268%), from €2,585 to €9,522
- Gross operating margin +€13,787
up €13,787 (+33.2%), from €41,572 to €55,359
- Depreciation +€9,199
up €9,199 (+50.5%), from €18,211 to €27,410
- Taxes +€1,153
up €1,153 (+17.9%), from €6,453 to €7,606
- Financial charges +€831
up €831 (+23.5%), from €3,542 to €4,373
- Other operating charges +€639
up €639 (+24.1%), from €2,646 to €3,285
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 | €459,470 | €450,224 | -€9,246 | -2.0% |
| Fixed assets | 21/28 | €273,860 | €247,738 | -€26,122 | -9.5% |
| Tangible fixed assets | 22/27 | €273,860 | €247,738 | -€26,122 | -9.5% |
| Land and buildings | 22 | €203,617 | €192,847 | -€10,770 | -5.3% |
| Furniture and vehicles | 24 | €58,027 | €45,830 | -€12,197 | -21.0% |
| Other tangible fixed assets | 26 | €12,216 | €9,061 | -€3,155 | -25.8% |
| Current assets | 29/58 | €185,610 | €202,486 | +€16,876 | +9.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,363 | €25,156 | -€32,207 | -56.1% |
| Trade receivables | 40 | €52,423 | €20,267 | -€32,156 | -61.3% |
| Other amounts receivable | 41 | €4,940 | €4,889 | -€51 | -1.0% |
| Current investments | 50/53 | €31,000 | €35,250 | +€4,250 | +13.7% |
| Cash at bank and in hand | 54/58 | €43,807 | €88,905 | +€45,098 | +103% |
| Deferred charges and accrued income | 490/1 | €3,440 | €3,175 | -€265 | -7.7% |
| Total equity and liabilities | 10/49 | €459,470 | €450,224 | -€9,246 | -2.0% |
| Equity | 10/15 | €236,237 | €250,384 | +€14,147 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €150,379 | €164,483 | +€14,104 | +9.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €48,779 | €47,033 | -€1,746 | -3.6% |
| Distributable reserves | 133 | €95,400 | €111,250 | +€15,850 | +16.6% |
| Profit (loss) carried forward | 14 | €67,258 | €67,301 | +€43 | +0.1% |
| Provisions and deferred taxes | 16 | €16,580 | €15,987 | -€593 | -3.6% |
| Deferred taxes | 168 | €16,580 | €15,987 | -€593 | -3.6% |
| Amounts payable | 17/49 | €206,653 | €183,853 | -€22,800 | -11.0% |
| Amounts payable after more than one year | 17 | €179,788 | €147,012 | -€32,776 | -18.2% |
| Financial debts | 170/4 | €179,788 | €147,012 | -€32,776 | -18.2% |
| Amounts payable within one year | 42/48 | €25,944 | €35,118 | +€9,174 | +35.4% |
| Current portion of amounts payable after more than one year | 42 | €8,260 | €20,816 | +€12,556 | +152% |
| Trade debts | 44 | €14,586 | €4,780 | -€9,806 | -67.2% |
| Suppliers | 440/4 | €14,586 | €4,780 | -€9,806 | -67.2% |
| Taxes, remuneration and social security | 45 | €2,585 | €9,522 | +€6,937 | +268% |
| Taxes | 450/3 | €2,585 | €9,522 | +€6,937 | +268% |
| Other amounts payable | 47/48 | €513 | - | -€513 | |
| Accrued charges and deferred income | 492/3 | €921 | €1,723 | +€802 | +87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,211 | €27,410 | +€9,199 | +50.5% |
| Other operating charges | 640/8 | €2,646 | €3,285 | +€639 | +24.1% |
| Gross operating margin | 9900 | €41,572 | €55,359 | +€13,787 | +33.2% |
| Operating profit (loss) | 9901 | €20,715 | €24,664 | +€3,949 | +19.1% |
| Financial income | 75/76B | €611 | €868 | +€257 | +42.1% |
| Recurring financial income | 75 | €611 | €868 | +€257 | +42.1% |
| Financial charges | 65/66B | €3,542 | €4,373 | +€831 | +23.5% |
| Recurring financial charges | 65 | €3,542 | €4,373 | +€831 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €17,784 | €21,159 | +€3,375 | +19.0% |
| Transfer from deferred taxes | 780 | €594 | €594 | = | 0.0% |
| Income taxes | 67/77 | €6,453 | €7,606 | +€1,153 | +17.9% |
| Profit (loss) for the period | 9904 | €11,925 | €14,147 | +€2,222 | +18.6% |
| Transfer from tax-exempt reserves | 789 | €1,747 | €1,746 | -€1 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,672 | €15,893 | +€2,221 | +16.2% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.