BODEX: 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.
What changed
BODEX
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2,998
2024 · €3,297-€299
Equity
€498,782
2024 · €495,784+€2,998
Cash
€3,706
2024 · €2,732+€974
Balance sheet total
€628,432
2024 · €635,676-€7,244
Largest movements
Assets
- Tangible fixed assets -€8,239
down €8,239 (-1.3%), from €631,897 to €623,657
of which Land and buildings: -€18,392
Equity and liabilities
- Short-term financial debts -€12,000
down €12,000 (-100%), from €12,000 to €0
- Other debts +€8,000
up €8,000 (+400%), from €2,000 to €10,000
Income statement
- Financial charges -€936
down €936 (-81.3%), from €1,152 to €215
- Depreciation +€932
up €932 (+4.4%), from €21,366 to €22,298
- Gross operating margin -€500
down €500 (-1.8%), from €28,020 to €27,520
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.
Result 2024
€3,297
Gross operating margin
-€500
Depreciation
-€932
Other operating charges
-€70
Financial income
+€1
Financial charges
+€936
Taxes
+€267
Result 2025
€2,998
raises the resultlowers the result
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.
From operations
+€27,033
Investment
-€14,059
Financing
-€12,000
Cash 2024
€2,732
From operations (derived)
+€27,033
Net result for the year
+€2,998
Depreciation
+€22,298
Deferred charges and accrued income
-€20
Provisions
-€4,650
Trade debts
-€525
Tax, wage and social debts
-€1,267
Other debts
+€8,000
Accrued charges and deferred income
+€198
Investment (derived)
-€14,059
Investment in fixed assets (net)
-€14,059
Financing
-€12,000
Short-term financial debts
-€12,000
Cash 2025
€3,706
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €635,676 | €628,432 | -€7,244 | -1.1% |
| Fixed assets | 21/28 | €631,897 | €623,657 | -€8,239 | -1.3% |
| Tangible fixed assets | 22/27 | €631,897 | €623,657 | -€8,239 | -1.3% |
| Land and buildings | 22 | €628,310 | €609,918 | -€18,392 | -2.9% |
| Plant, machinery and equipment | 23 | €3,586 | €13,739 | +€10,153 | +283% |
| Current assets | 29/58 | €3,780 | €4,774 | +€995 | +26.3% |
| Cash at bank and in hand | 54/58 | €2,732 | €3,706 | +€974 | +35.7% |
| Deferred charges and accrued income | 490/1 | €1,048 | €1,068 | +€20 | +1.9% |
| Total equity and liabilities | 10/49 | €635,676 | €628,432 | -€7,244 | -1.1% |
| Equity | 10/15 | €495,784 | €498,782 | +€2,998 | +0.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €434,284 | €437,282 | +€2,998 | +0.7% |
| Non-distributable reserves | 130/1 | €36,328 | €36,328 | = | 0.0% |
| Legal reserve | 130 | €34,705 | €34,705 | = | 0.0% |
| Other | 1319 | €1,623 | €1,623 | = | 0.0% |
| Tax-exempt reserves | 132 | €259,608 | €249,520 | -€10,088 | -3.9% |
| Distributable reserves | 133 | €138,348 | €151,434 | +€13,086 | +9.5% |
| Provisions and deferred taxes | 16 | €118,863 | €114,213 | -€4,650 | -3.9% |
| Deferred taxes | 168 | €118,863 | €114,213 | -€4,650 | -3.9% |
| Amounts payable | 17/49 | €21,030 | €15,437 | -€5,593 | -26.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €17,573 | €11,782 | -€5,791 | -33.0% |
| Financial debts | 43 | €12,000 | €0 | -€12,000 | -100% |
| Other loans | 439 | €12,000 | €0 | -€12,000 | -100% |
| Trade debts | 44 | €1,444 | €920 | -€525 | -36.3% |
| Suppliers | 440/4 | €1,444 | €920 | -€525 | -36.3% |
| Taxes, remuneration and social security | 45 | €2,129 | €862 | -€1,267 | -59.5% |
| Taxes | 450/3 | €2,129 | €862 | -€1,267 | -59.5% |
| Other amounts payable | 47/48 | €2,000 | €10,000 | +€8,000 | +400% |
| Accrued charges and deferred income | 492/3 | €3,457 | €3,655 | +€198 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,366 | €22,298 | +€932 | +4.4% |
| Other operating charges | 640/8 | €2,232 | €2,302 | +€70 | +3.1% |
| Gross operating margin | 9900 | €28,020 | €27,520 | -€500 | -1.8% |
| Operating profit (loss) | 9901 | €4,423 | €2,920 | -€1,502 | -34.0% |
| Financial income | 75/76B | €5 | €6 | +€1 | +13.2% |
| Recurring financial income | 75 | €5 | €6 | +€1 | +13.2% |
| Financial charges | 65/66B | €1,152 | €215 | -€936 | -81.3% |
| Recurring financial charges | 65 | €1,152 | €215 | -€936 | -81.3% |
| Profit (loss) for the period before taxes | 9903 | €3,276 | €2,711 | -€565 | -17.3% |
| Transfer from deferred taxes | 780 | €4,650 | €4,650 | = | 0.0% |
| Income taxes | 67/77 | €4,629 | €4,362 | -€267 | -5.8% |
| Profit (loss) for the period | 9904 | €3,297 | €2,998 | -€299 | -9.1% |
| Transfer from tax-exempt reserves | 789 | €10,088 | €10,088 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,385 | €13,086 | -€299 | -2.2% |
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 14 October 2026 via checked.be.