BODEGHEM: 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.
BODEGHEM
Largest movements
- Receivables within one year +€1.8m
up €1.8m (+91.5%), from €2.0m to €3.8m
of which Other amounts receivable: +€1.8m
- Financial fixed assets -€1.2m
down €1.2m (-23.4%), from €5.3m to €4.1m
- Reserves +€421,577
up €421,577 (+19.2%), from €2.2m to €2.6m
- Profit (loss) carried forward +€132,400
up €132,400 (+31.4%), from €421,577 to €553,976
- Financial income +€153,983
up €153,983 (+35.8%), from €430,682 to €584,665
- Financial charges +€14,522
up €14,522 (+350%), from €4,154 to €18,676
of which Financial charges: +€18,222
- Other operating charges +€6,646
up €6,646 (+84.2%), from €7,896 to €14,541
- Taxes +€1,903
new in 2025: €1,903
- Gross operating margin +€1,487
up €1,487 (+21.4%), from €6,960 to €8,447
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 | €7,425,626 | €7,980,635 | +€555,009 | +7.5% |
| Fixed assets | 21/28 | €5,429,544 | €4,177,528 | -€1.3m | -23.1% |
| Tangible fixed assets | 22/27 | €93,704 | €89,688 | -€4,016 | -4.3% |
| Land and buildings | 22 | €93,704 | €89,688 | -€4,016 | -4.3% |
| Financial fixed assets | 28 | €5,335,840 | €4,087,840 | -€1.2m | -23.4% |
| Current assets | 29/58 | €1,996,083 | €3,803,108 | +€1.8m | +90.5% |
| Amounts receivable within one year | 40/41 | €1,974,386 | €3,781,675 | +€1.8m | +91.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,974,386 | €3,781,675 | +€1.8m | +91.5% |
| Current investments | 50/53 | €17,857 | €0 | -€17,857 | -100% |
| Cash at bank and in hand | 54/58 | €706 | €3,954 | +€3,249 | +460% |
| Deferred charges and accrued income | 490/1 | €3,134 | €17,478 | +€14,344 | +458% |
| Total equity and liabilities | 10/49 | €7,425,626 | €7,980,635 | +€555,009 | +7.5% |
| Equity | 10/15 | €7,425,626 | €7,979,603 | +€553,976 | +7.5% |
| Contributions | 10/11 | €4,806,053 | €4,806,053 | = | 0.0% |
| Reserves | 13 | €2,197,996 | €2,619,573 | +€421,577 | +19.2% |
| Distributable reserves | 133 | €2,197,996 | €2,619,573 | +€421,577 | +19.2% |
| Profit (loss) carried forward | 14 | €421,577 | €553,976 | +€132,400 | +31.4% |
| Amounts payable | 17/49 | - | €1,033 | +€1,033 | |
| Amounts payable within one year | 42/48 | - | €1,033 | +€1,033 | |
| Trade debts | 44 | - | €1,033 | +€1,033 | |
| Suppliers | 440/4 | - | €1,033 | +€1,033 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,016 | €4,016 | = | 0.0% |
| Other operating charges | 640/8 | €7,896 | €14,541 | +€6,646 | +84.2% |
| Gross operating margin | 9900 | €6,960 | €8,447 | +€1,487 | +21.4% |
| Operating profit (loss) | 9901 | -€4,952 | -€10,110 | -€5,158 | -104% |
| Financial income | 75/76B | €430,682 | €584,665 | +€153,983 | +35.8% |
| Recurring financial income | 75 | €430,682 | €584,665 | +€153,983 | +35.8% |
| Financial charges | 65/66B | €4,154 | €18,676 | +€14,522 | +350% |
| Recurring financial charges | 65 | €454 | €18,676 | +€18,222 | +4,013% |
| Non-recurring financial charges | 66B | €3,700 | €0 | -€3,700 | -100% |
| Profit (loss) for the period before taxes | 9903 | €421,577 | €555,879 | +€134,302 | +31.9% |
| Income taxes | 67/77 | - | €1,903 | +€1,903 | |
| Profit (loss) for the period | 9904 | €421,577 | €553,976 | +€132,400 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €421,577 | €553,976 | +€132,400 | +31.4% |
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 13 October 2026 via checked.be.