BODE-DEKETELAERE: 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-DEKETELAERE
Largest movements
- Cash +€110,939
up €110,939 (+104%), from €106,852 to €217,791
mainly Net result for the year (+€172,186) and Receivables after one year (+€88,307)
- Receivables within one year +€90,228
up €90,228 (+371%), from €24,302 to €114,530
- Receivables after one year -€88,307
down €88,307 (-22.9%), from €385,642 to €297,335
- Tangible fixed assets -€64,636
down €64,636 (-27.1%), from €238,872 to €174,236
- Current investments +€29,797
up €29,797 (+22.7%), from €131,203 to €161,000
- Other debts +€87,870
up €87,870 (+87.4%), from €100,507 to €188,378
- Reserves -€16,191
down €16,191 (-2.3%), from €695,992 to €679,801
of which Distributable reserves: -€16,191
- Gross operating margin +€51,339
up €51,339 (+11.1%), from €462,061 to €513,400
- Staff costs +€29,362
up €29,362 (+17.9%), from €164,339 to €193,701
- Taxes +€6,272
up €6,272 (+8.8%), from €70,881 to €77,154
- Financial income -€6,042
down €6,042 (-38.6%), from €15,646 to €9,604
of which Non-recurring financial income: -€6,589
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 | €940,982 | €1,021,433 | +€80,451 | +8.5% |
| Fixed assets | 21/28 | €239,846 | €178,563 | -€61,283 | -25.6% |
| Intangible fixed assets | 21 | €974 | €4,327 | +€3,353 | +344% |
| Tangible fixed assets | 22/27 | €238,872 | €174,236 | -€64,636 | -27.1% |
| Land and buildings | 22 | €131,975 | €103,819 | -€28,157 | -21.3% |
| Plant, machinery and equipment | 23 | €87,763 | €56,553 | -€31,211 | -35.6% |
| Furniture and vehicles | 24 | €19,133 | €13,865 | -€5,269 | -27.5% |
| Current assets | 29/58 | €701,136 | €842,870 | +€141,734 | +20.2% |
| Amounts receivable after more than one year | 29 | €385,642 | €297,335 | -€88,307 | -22.9% |
| Other amounts receivable | 291 | €385,642 | €297,335 | -€88,307 | -22.9% |
| Stocks and contracts in progress | 3 | €49,482 | €48,548 | -€934 | -1.9% |
| Stocks | 30/36 | €49,482 | €48,548 | -€934 | -1.9% |
| Amounts receivable within one year | 40/41 | €24,302 | €114,530 | +€90,228 | +371% |
| Other amounts receivable | 41 | €24,302 | €114,530 | +€90,228 | +371% |
| Current investments | 50/53 | €131,203 | €161,000 | +€29,797 | +22.7% |
| Cash at bank and in hand | 54/58 | €106,852 | €217,791 | +€110,939 | +104% |
| Deferred charges and accrued income | 490/1 | €3,654 | €3,666 | +€12 | +0.3% |
| Total equity and liabilities | 10/49 | €940,982 | €1,021,433 | +€80,451 | +8.5% |
| Equity | 10/15 | €702,197 | €686,006 | -€16,191 | -2.3% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €695,992 | €679,801 | -€16,191 | -2.3% |
| Non-distributable reserves | 130/1 | €3,703 | €3,703 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,703 | €3,703 | = | 0.0% |
| Distributable reserves | 133 | €692,289 | €676,098 | -€16,191 | -2.3% |
| Amounts payable | 17/49 | €238,785 | €335,427 | +€96,642 | +40.5% |
| Amounts payable within one year | 42/48 | €238,785 | €335,427 | +€96,642 | +40.5% |
| Trade debts | 44 | €56,799 | €63,925 | +€7,127 | +12.5% |
| Suppliers | 440/4 | €56,799 | €63,925 | +€7,127 | +12.5% |
| Advances received on contracts in progress | 46 | €3,304 | €4,919 | +€1,615 | +48.9% |
| Taxes, remuneration and social security | 45 | €78,175 | €78,205 | +€30 | 0.0% |
| Taxes | 450/3 | €39,237 | €39,201 | -€37 | -0.1% |
| Remuneration and social security | 454/9 | €38,937 | €39,004 | +€67 | +0.2% |
| Other amounts payable | 47/48 | €100,507 | €188,378 | +€87,870 | +87.4% |
| Remuneration, social security and pensions | 62 | €164,339 | €193,701 | +€29,362 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,487 | €70,612 | +€1,125 | +1.6% |
| Other operating charges | 640/8 | €12,504 | €8,660 | -€3,844 | -30.7% |
| Gross operating margin | 9900 | €462,061 | €513,400 | +€51,339 | +11.1% |
| Operating profit (loss) | 9901 | €215,730 | €240,427 | +€24,697 | +11.4% |
| Financial income | 75/76B | €15,646 | €9,604 | -€6,042 | -38.6% |
| Recurring financial income | 75 | €9,057 | €9,604 | +€547 | +6.0% |
| Non-recurring financial income | 76B | €6,589 | - | -€6,589 | |
| Financial charges | 65/66B | €773 | €690 | -€83 | -10.7% |
| Recurring financial charges | 65 | €773 | €690 | -€83 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €230,602 | €249,340 | +€18,738 | +8.1% |
| Income taxes | 67/77 | €70,881 | €77,154 | +€6,272 | +8.8% |
| Profit (loss) for the period | 9904 | €159,721 | €172,186 | +€12,465 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €159,721 | €172,186 | +€12,465 | +7.8% |
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 24 October 2026 via checked.be.