BODUOGNAT: 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
BODUOGNAT
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€9,107
2024 · €47,143-€38,036
Equity
€751,095
2024 · €741,988+€9,107
Cash
€5,189
2024 · €19,598-€14,409
Balance sheet total
€1.6m
2024 · €1.6m-€56,003
Largest movements
Assets
- Tangible fixed assets -€448,707
down €448,707 (-28.2%), from €1.6m to €1.1m
of which Land and buildings: -€451,409
- Current investments +€420,000
new in 2025: €420,000
Equity and liabilities
- Provisions -€63,494
down €63,494 (-24.2%), from €262,481 to €198,987
- Tax, wage and social debts +€44,219
up €44,219, from €0 to €44,219
- Debts after one year -€25,917
down €25,917 (-7.8%), from €330,435 to €304,519
Income statement
- Taxes +€50,288
up €50,288 (+696%), from €7,223 to €57,511
- Other operating charges +€37,326
up €37,326 (+652%), from €5,726 to €43,052
- Depreciation -€14,845
down €14,845 (-29.4%), from €50,481 to €35,635
- Gross operating margin +€9,546
up €9,546 (+7.8%), from €122,691 to €132,237
- Financial income +€2,631
up €2,631 (+17,392%), from €15 to €2,647
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
€47,143
Gross operating margin
+€9,546
Depreciation
+€14,845
Other operating charges
-€37,326
Other operating items
-€46,824
Financial income
+€2,631
Financial charges
+€403
Taxes
-€50,288
Deferred taxes and other
+€68,975
Result 2025
€9,107
raises the resultlowers the resultnot broken down further in the accounts
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
+€18,809
Investment
-€7,302
Financing
-€25,917
Cash 2024
€19,598
From operations (derived)
+€18,809
Net result for the year
+€9,107
Depreciation
+€35,635
Receivables within one year
+€12,775
Smaller working-capital items
+€120
Provisions
-€63,494
Trade debts
-€4,663
Tax, wage and social debts
+€44,219
Other debts
-€14,889
Investment (derived)
-€7,302
Investment in fixed assets (net)
+€412,698
Current investments
-€420,000
Financing
-€25,917
Debts after one year
-€25,917
Cash 2025
€5,189
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,626,253 | €1,570,251 | -€56,003 | -3.4% |
| Fixed assets | 21/28 | €1,592,153 | €1,143,819 | -€448,334 | -28.2% |
| Tangible fixed assets | 22/27 | €1,591,653 | €1,142,946 | -€448,707 | -28.2% |
| Land and buildings | 22 | €1,590,669 | €1,139,260 | -€451,409 | -28.4% |
| Plant, machinery and equipment | 23 | €985 | €223 | -€761 | -77.3% |
| Furniture and vehicles | 24 | - | €3,463 | +€3,463 | |
| Financial fixed assets | 28 | €500 | €873 | +€373 | +74.6% |
| Current assets | 29/58 | €34,100 | €426,431 | +€392,331 | +1,151% |
| Amounts receivable within one year | 40/41 | €12,781 | €7 | -€12,775 | -99.9% |
| Trade receivables | 40 | €12,500 | €7 | -€12,493 | -99.9% |
| Other amounts receivable | 41 | €281 | €0 | -€281 | -100% |
| Current investments | 50/53 | - | €420,000 | +€420,000 | |
| Cash at bank and in hand | 54/58 | €19,598 | €5,189 | -€14,409 | -73.5% |
| Deferred charges and accrued income | 490/1 | €1,721 | €1,235 | -€485 | -28.2% |
| Total equity and liabilities | 10/49 | €1,626,253 | €1,570,251 | -€56,003 | -3.4% |
| Equity | 10/15 | €741,988 | €751,095 | +€9,107 | +1.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €641,969 | €650,371 | +€8,402 | +1.3% |
| Tax-exempt reserves | 132 | €635,769 | €484,171 | -€151,598 | -23.8% |
| Distributable reserves | 133 | €6,200 | €166,200 | +€160,000 | +2,581% |
| Profit (loss) carried forward | 14 | €38,046 | €38,751 | +€705 | +1.9% |
| Provisions and deferred taxes | 16 | €262,481 | €198,987 | -€63,494 | -24.2% |
| Deferred taxes | 168 | €262,481 | €198,987 | -€63,494 | -24.2% |
| Amounts payable | 17/49 | €621,785 | €620,169 | -€1,616 | -0.3% |
| Amounts payable after more than one year | 17 | €330,435 | €304,519 | -€25,917 | -7.8% |
| Financial debts | 170/4 | €330,435 | €304,519 | -€25,917 | -7.8% |
| Amounts payable within one year | 42/48 | €286,935 | €311,601 | +€24,666 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €25,917 | €25,917 | = | 0.0% |
| Trade debts | 44 | €4,710 | €47 | -€4,663 | -99.0% |
| Suppliers | 440/4 | €4,710 | €47 | -€4,663 | -99.0% |
| Taxes, remuneration and social security | 45 | €0 | €44,219 | +€44,219 | |
| Taxes | 450/3 | €0 | €44,219 | +€44,219 | |
| Other amounts payable | 47/48 | €256,309 | €241,419 | -€14,889 | -5.8% |
| Accrued charges and deferred income | 492/3 | €4,414 | €4,049 | -€365 | -8.3% |
| Non-recurring operating income | 76A | - | €104,642 | +€104,642 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,481 | €35,635 | -€14,845 | -29.4% |
| Other operating charges | 640/8 | €5,726 | €43,052 | +€37,326 | +652% |
| Non-recurring operating charges | 66A | - | €46,824 | +€46,824 | |
| Gross operating margin | 9900 | €122,691 | €132,237 | +€9,546 | +7.8% |
| Operating profit (loss) | 9901 | €66,484 | €6,726 | -€59,758 | -89.9% |
| Financial income | 75/76B | €15 | €2,647 | +€2,631 | +17,392% |
| Recurring financial income | 75 | €15 | €2,647 | +€2,631 | +17,392% |
| Financial charges | 65/66B | €6,651 | €6,248 | -€403 | -6.1% |
| Recurring financial charges | 65 | €6,651 | €6,248 | -€403 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €59,848 | €3,124 | -€56,723 | -94.8% |
| Transfer from deferred taxes | 780 | €12,105 | €63,494 | +€51,389 | +425% |
| Transfer to deferred taxes | 680 | €17,586 | €0 | -€17,586 | -100% |
| Income taxes | 67/77 | €7,223 | €57,511 | +€50,288 | +696% |
| Profit (loss) for the period | 9904 | €47,143 | €9,107 | -€38,036 | -80.7% |
| Transfer from tax-exempt reserves | 789 | €28,818 | €151,598 | +€122,780 | +426% |
| Transfer to tax-exempt reserves | 689 | €52,758 | €0 | -€52,758 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €23,203 | €160,705 | +€137,502 | +593% |
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 16 October 2026 via checked.be.