BODERPA: 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.
BODERPA
Largest movements
- Tangible fixed assets -€481,149
no longer reported in 2025 (was €481,149)
of which Land and buildings: -€330,207
- Cash +€360,459
up €360,459 (+15,931%), from €2,263 to €362,721
mainly Investment in fixed assets (net) (+€481,149) and Receivables after one year (+€80,000)
- Receivables after one year -€80,000
down €80,000 (-50.0%), from €160,000 to €80,000
- Receivables within one year -€56,322
no longer reported in 2025 (was €56,322)
- Debts after one year -€145,569
no longer reported in 2025 (was €145,569)
- Reserves -€60,390
down €60,390 (-18.8%), from €320,567 to €260,177
of which Tax-exempt reserves: -€147,675
- Provisions -€49,225
no longer reported in 2025 (was €49,225)
- Tax, wage and social debts +€33,024
new in 2025: €33,024
- Profit (loss) carried forward -€24,296
down €24,296 (-16.9%), from €143,865 to €119,569
- Depreciation -€33,795
no longer reported in 2025 (was €33,795)
- Taxes +€33,024
new in 2025: €33,024
- Gross operating margin +€19,509
up €19,509 (+71.8%), from €27,190 to €46,699
- Financial charges -€10,229
down €10,229 (-72.7%), from €14,066 to €3,837
- Other operating charges -€2,621
down €2,621 (-34.7%), from €7,556 to €4,935
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 | €705,445 | €442,721 | -€262,724 | -37.2% |
| Fixed assets | 21/28 | €481,149 | - | -€481,149 | |
| Tangible fixed assets | 22/27 | €481,149 | - | -€481,149 | |
| Land and buildings | 22 | €330,207 | - | -€330,207 | |
| Leasing and similar rights | 25 | €141,051 | - | -€141,051 | |
| Other tangible fixed assets | 26 | €9,890 | - | -€9,890 | |
| Current assets | 29/58 | €224,296 | €442,721 | +€218,425 | +97.4% |
| Amounts receivable after more than one year | 29 | €160,000 | €80,000 | -€80,000 | -50.0% |
| Other amounts receivable | 291 | €160,000 | €80,000 | -€80,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €56,322 | - | -€56,322 | |
| Other amounts receivable | 41 | €56,322 | - | -€56,322 | |
| Current investments | 50/53 | €5,712 | - | -€5,712 | |
| Cash at bank and in hand | 54/58 | €2,263 | €362,721 | +€360,459 | +15,931% |
| Total equity and liabilities | 10/49 | €705,445 | €442,721 | -€262,724 | -37.2% |
| Equity | 10/15 | €482,982 | €398,296 | -€84,686 | -17.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €320,567 | €260,177 | -€60,390 | -18.8% |
| 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 | €147,675 | - | -€147,675 | |
| Distributable reserves | 133 | €166,691 | €253,977 | +€87,286 | +52.4% |
| Profit (loss) carried forward | 14 | €143,865 | €119,569 | -€24,296 | -16.9% |
| Provisions and deferred taxes | 16 | €49,225 | - | -€49,225 | |
| Deferred taxes | 168 | €49,225 | - | -€49,225 | |
| Amounts payable | 17/49 | €173,238 | €44,425 | -€128,813 | -74.4% |
| Amounts payable after more than one year | 17 | €145,569 | - | -€145,569 | |
| Financial debts | 170/4 | €145,569 | - | -€145,569 | |
| Amounts payable within one year | 42/48 | €27,669 | €44,425 | +€16,756 | +60.6% |
| Current portion of amounts payable after more than one year | 42 | €20,286 | - | -€20,286 | |
| Trade debts | 44 | €7,383 | €8,772 | +€1,388 | +18.8% |
| Suppliers | 440/4 | €7,383 | €8,772 | +€1,388 | +18.8% |
| Taxes, remuneration and social security | 45 | - | €33,024 | +€33,024 | |
| Taxes | 450/3 | - | €33,024 | +€33,024 | |
| Other amounts payable | 47/48 | - | €2,629 | +€2,629 | |
| Non-recurring operating income | 76A | - | €39,902 | +€39,902 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,795 | - | -€33,795 | |
| Other operating charges | 640/8 | €7,556 | €4,935 | -€2,621 | -34.7% |
| Non-recurring operating charges | 66A | - | €142,748 | +€142,748 | |
| Gross operating margin | 9900 | €27,190 | €46,699 | +€19,509 | +71.8% |
| Operating profit (loss) | 9901 | -€14,162 | -€100,985 | -€86,822 | -613% |
| Financial income | 75/76B | €5,737 | €3,935 | -€1,801 | -31.4% |
| Recurring financial income | 75 | €5,737 | €3,935 | -€1,801 | -31.4% |
| Financial charges | 65/66B | €14,066 | €3,837 | -€10,229 | -72.7% |
| Recurring financial charges | 65 | €14,066 | €3,837 | -€10,229 | -72.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,492 | -€100,886 | -€78,395 | -349% |
| Transfer from deferred taxes | 780 | €3,886 | €49,225 | +€45,339 | +1,167% |
| Income taxes | 67/77 | - | €33,024 | +€33,024 | |
| Profit (loss) for the period | 9904 | -€18,605 | -€84,686 | -€66,080 | -355% |
| Transfer from tax-exempt reserves | 789 | €11,659 | €147,675 | +€136,016 | +1,167% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,946 | €62,990 | +€69,936 |
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 17 October 2026 via checked.be.