Bodesi: 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.
Bodesi
Largest movements
- Cash -€19,614
down €19,614 (-79.7%), from €24,608 to €4,994
mainly Net result for the year (-€48,591) and Stocks and contracts (-€16,988)
- Stocks and contracts +€16,988
new in 2025: €16,988
- Tangible fixed assets +€7,402
up €7,402 (+200%), from €3,702 to €11,104
- Receivables within one year +€6,192
up €6,192 (+74.2%), from €8,340 to €14,532
of which Trade receivables: +€7,480
- Profit (loss) carried forward -€36,287
new in 2025: -€36,287
- Other debts +€35,233
up €35,233 (+787%), from €4,477 to €39,710
- Contributions +€18,600
up €18,600 (+100%), from €18,600 to €37,200
- Reserves -€12,304
no longer reported in 2025 (was €12,304)
- Trade debts +€6,761
up €6,761 (+1,578%), from €428 to €7,189
- Gross operating margin -€28,801
down €28,801 (-201%), from -€14,324 to -€43,125
- Financial charges +€1,280
up €1,280 (+72.7%), from €1,759 to €3,039
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 | €37,503 | €48,426 | +€10,923 | +29.1% |
| Fixed assets | 21/28 | €3,702 | €11,104 | +€7,402 | +200% |
| Tangible fixed assets | 22/27 | €3,702 | €11,104 | +€7,402 | +200% |
| Plant, machinery and equipment | 23 | €3,702 | €11,104 | +€7,402 | +200% |
| Current assets | 29/58 | €33,801 | €37,322 | +€3,522 | +10.4% |
| Stocks and contracts in progress | 3 | - | €16,988 | +€16,988 | |
| Stocks | 30/36 | - | €16,988 | +€16,988 | |
| Amounts receivable within one year | 40/41 | €8,340 | €14,532 | +€6,192 | +74.2% |
| Trade receivables | 40 | €6,052 | €13,532 | +€7,480 | +124% |
| Other amounts receivable | 41 | €2,288 | €1,000 | -€1,288 | -56.3% |
| Cash at bank and in hand | 54/58 | €24,608 | €4,994 | -€19,614 | -79.7% |
| Deferred charges and accrued income | 490/1 | €853 | €809 | -€44 | -5.2% |
| Total equity and liabilities | 10/49 | €37,503 | €48,426 | +€10,923 | +29.1% |
| Equity | 10/15 | €30,904 | €913 | -€29,991 | -97.0% |
| Contributions | 10/11 | €18,600 | €37,200 | +€18,600 | +100% |
| Reserves | 13 | €12,304 | - | -€12,304 | |
| Distributable reserves | 133 | €12,304 | - | -€12,304 | |
| Profit (loss) carried forward | 14 | - | -€36,287 | -€36,287 | |
| Amounts payable | 17/49 | €6,599 | €47,513 | +€40,914 | +620% |
| Amounts payable within one year | 42/48 | €4,969 | €47,488 | +€42,519 | +856% |
| Trade debts | 44 | €428 | €7,189 | +€6,761 | +1,578% |
| Suppliers | 440/4 | €428 | €7,189 | +€6,761 | +1,578% |
| Taxes, remuneration and social security | 45 | €64 | €589 | +€525 | +826% |
| Taxes | 450/3 | €64 | €589 | +€525 | +826% |
| Other amounts payable | 47/48 | €4,477 | €39,710 | +€35,233 | +787% |
| Accrued charges and deferred income | 492/3 | €1,630 | €25 | -€1,605 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,162 | €1,459 | +€297 | +25.6% |
| Other operating charges | 640/8 | €388 | €747 | +€359 | +92.7% |
| Gross operating margin | 9900 | -€14,324 | -€43,125 | -€28,801 | -201% |
| Operating profit (loss) | 9901 | -€15,874 | -€45,332 | -€29,458 | -186% |
| Financial charges | 65/66B | €1,759 | €3,039 | +€1,280 | +72.7% |
| Recurring financial charges | 65 | €1,759 | €3,039 | +€1,280 | +72.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,633 | -€48,371 | -€30,737 | -174% |
| Income taxes | 67/77 | €314 | €220 | -€93 | -29.8% |
| Profit (loss) for the period | 9904 | -€17,947 | -€48,591 | -€30,644 | -171% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,947 | -€48,591 | -€30,644 | -171% |
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 27 October 2026 via checked.be.