BODEN: what changed
Two fiscal 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.
BODEN
Largest movements
- Current investments +€1.0m
new in 2025: €1.0m
- Receivables within one year -€755,369
down €755,369 (-17.6%), from €4.3m to €3.5m
of which Other amounts receivable: -€982,327
- Stocks and contracts -€155,424
down €155,424 (-60.0%), from €259,164 to €103,740
of which Contracts in progress: -€160,609
- Cash -€133,994
down €133,994 (-8.3%), from €1.6m to €1.5m
mainly Current investments (-€1.0m) and Contributions, distributions and other (-€1.0m)
- Trade debts -€148,892
down €148,892 (-33.3%), from €447,080 to €298,188
- Tax, wage and social debts +€114,123
up €114,123 (+158.5%), from €71,988 to €186,110
of which Taxes: +€103,870
- Gross operating margin +€681,782
up €681,782 (+39.1%), from €1.7m to €2.4m
- Staff costs +€242,020
up €242,020 (+29.7%), from €815,553 to €1.1m
- Taxes +€111,818
up €111,818 (+53.7%), from €208,117 to €319,934
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.
Cash bridge derived
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 | €6,524,931 | €6,494,485 | -€30,446 | -0.5% |
| Fixed assets | 21/28 | €347,845 | €363,653 | +€15,808 | +4.5% |
| Tangible fixed assets | 22/27 | €345,921 | €361,729 | +€15,808 | +4.6% |
| Plant, machinery and equipment | 23 | €84,421 | €100,021 | +€15,600 | +18.5% |
| Furniture and vehicles | 24 | €261,500 | €261,708 | +€208 | +0.1% |
| Financial fixed assets | 28 | €1,924 | €1,924 | = | 0.0% |
| Current assets | 29/58 | €6,177,087 | €6,130,832 | -€46,254 | -0.7% |
| Stocks and contracts in progress | 3 | €259,164 | €103,740 | -€155,424 | -60.0% |
| Stocks | 30/36 | €24,736 | €29,921 | +€5,185 | +21.0% |
| Contracts in progress | 37 | €234,428 | €73,819 | -€160,609 | -68.5% |
| Amounts receivable within one year | 40/41 | €4,301,409 | €3,546,041 | -€755,369 | -17.6% |
| Trade receivables | 40 | €462,142 | €689,100 | +€226,959 | +49.1% |
| Other amounts receivable | 41 | €3,839,268 | €2,856,940 | -€982,327 | -25.6% |
| Current investments | 50/53 | - | €1,000,000 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €1,607,888 | €1,473,894 | -€133,994 | -8.3% |
| Deferred charges and accrued income | 490/1 | €8,626 | €7,158 | -€1,467 | -17.0% |
| Total equity and liabilities | 10/49 | €6,524,931 | €6,494,485 | -€30,446 | -0.5% |
| Equity | 10/15 | €5,821,618 | €5,770,633 | -€50,985 | -0.9% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €5,784,434 | €5,733,449 | -€50,985 | -0.9% |
| Tax-exempt reserves | 132 | €94,358 | €94,358 | = | 0.0% |
| Distributable reserves | 133 | €5,690,077 | €5,639,092 | -€50,985 | -0.9% |
| Amounts payable | 17/49 | €703,313 | €723,852 | +€20,539 | +2.9% |
| Amounts payable within one year | 42/48 | €703,313 | €723,852 | +€20,539 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €3,764 | - | -€3,764 | |
| Trade debts | 44 | €447,080 | €298,188 | -€148,892 | -33.3% |
| Suppliers | 440/4 | €447,080 | €298,188 | -€148,892 | -33.3% |
| Taxes, remuneration and social security | 45 | €71,988 | €186,110 | +€114,123 | +158.5% |
| Taxes | 450/3 | €8,968 | €112,839 | +€103,870 | +1158.2% |
| Remuneration and social security | 454/9 | €63,019 | €73,272 | +€10,252 | +16.3% |
| Other amounts payable | 47/48 | €180,481 | €239,554 | +€59,073 | +32.7% |
| Non-recurring operating income | 76A | €714 | €27,750 | +€27,036 | +3789.0% |
| Remuneration, social security and pensions | 62 | €815,553 | €1,057,574 | +€242,020 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,119 | €114,818 | +€8,699 | +8.2% |
| Other operating charges | 640/8 | €28,651 | €28,901 | +€249 | +0.9% |
| Gross operating margin | 9900 | €1,744,222 | €2,426,004 | +€681,782 | +39.1% |
| Operating profit (loss) | 9901 | €793,898 | €1,224,712 | +€430,814 | +54.3% |
| Financial income | 75/76B | €41,960 | €48,943 | +€6,983 | +16.6% |
| Recurring financial income | 75 | €41,960 | €48,943 | +€6,983 | +16.6% |
| Financial charges | 65/66B | €6,776 | €4,706 | -€2,071 | -30.6% |
| Recurring financial charges | 65 | €6,776 | €4,706 | -€2,071 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €829,081 | €1,268,949 | +€439,868 | +53.1% |
| Income taxes | 67/77 | €208,117 | €319,934 | +€111,818 | +53.7% |
| Profit (loss) for the period | 9904 | €620,965 | €949,015 | +€328,050 | +52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €620,965 | €949,015 | +€328,050 | +52.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.