BOGDAN CONSTRUCT: 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.
BOGDAN CONSTRUCT
Largest movements
- Receivables within one year +€77,753
up €77,753 (+51.4%), from €151,307 to €229,060
of which Other amounts receivable: +€39,343
- Tangible fixed assets -€21,121
down €21,121 (-43.4%), from €48,689 to €27,568
of which Furniture and vehicles: -€12,765
- Cash -€7,056
down €7,056 (-24.4%), from €28,894 to €21,838
mainly Receivables within one year (-€77,753) and Advances received (-€18,449)
- Profit (loss) carried forward +€82,731
up €82,731 (+85.1%), from €97,203 to €179,934
- Advances received -€18,449
no longer reported in 2025 (was €18,449)
- Debts after one year -€8,978
down €8,978 (-33.7%), from €26,631 to €17,653
- Trade debts -€3,841
down €3,841 (-4.4%), from €87,573 to €83,732
- Purchases and services +€551,480
new in 2025: €551,480
- Gross operating margin +€67,765
up €67,765 (+123%), from €55,028 to €122,792
- Depreciation +€7,331
up €7,331 (+53.2%), from €13,790 to €21,121
- Other operating charges +€1,736
up €1,736 (+45.4%), from €3,821 to €5,557
- Taxes -€1,427
down €1,427 (-16.4%), from €8,694 to €7,267
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 | €232,056 | €283,520 | +€51,464 | +22.2% |
| Fixed assets | 21/28 | €48,689 | €27,568 | -€21,121 | -43.4% |
| Tangible fixed assets | 22/27 | €48,689 | €27,568 | -€21,121 | -43.4% |
| Furniture and vehicles | 24 | €15,265 | €2,500 | -€12,765 | -83.6% |
| Leasing and similar rights | 25 | €33,424 | €25,068 | -€8,356 | -25.0% |
| Current assets | 29/58 | €183,367 | €255,951 | +€72,585 | +39.6% |
| Amounts receivable within one year | 40/41 | €151,307 | €229,060 | +€77,753 | +51.4% |
| Trade receivables | 40 | €98,866 | €137,276 | +€38,410 | +38.9% |
| Other amounts receivable | 41 | €52,441 | €91,784 | +€39,343 | +75.0% |
| Cash at bank and in hand | 54/58 | €28,894 | €21,838 | -€7,056 | -24.4% |
| Deferred charges and accrued income | 490/1 | €3,166 | €5,053 | +€1,887 | +59.6% |
| Total equity and liabilities | 10/49 | €232,056 | €283,520 | +€51,464 | +22.2% |
| Equity | 10/15 | €99,403 | €182,134 | +€82,731 | +83.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,203 | €179,934 | +€82,731 | +85.1% |
| Amounts payable | 17/49 | €132,654 | €101,386 | -€31,268 | -23.6% |
| Amounts payable after more than one year | 17 | €26,631 | €17,653 | -€8,978 | -33.7% |
| Financial debts | 170/4 | €26,631 | €17,653 | -€8,978 | -33.7% |
| Amounts payable within one year | 42/48 | €106,022 | €83,732 | -€22,290 | -21.0% |
| Trade debts | 44 | €87,573 | €83,732 | -€3,841 | -4.4% |
| Suppliers | 440/4 | €87,573 | €83,732 | -€3,841 | -4.4% |
| Advances received on contracts in progress | 46 | €18,449 | - | -€18,449 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €551,480 | +€551,480 | |
| Remuneration, social security and pensions | 62 | €5,532 | €5,865 | +€333 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,790 | €21,121 | +€7,331 | +53.2% |
| Other operating charges | 640/8 | €3,821 | €5,557 | +€1,736 | +45.4% |
| Gross operating margin | 9900 | €55,028 | €122,792 | +€67,765 | +123% |
| Operating profit (loss) | 9901 | €31,885 | €90,249 | +€58,364 | +183% |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Financial charges | 65/66B | €448 | €288 | -€160 | -35.7% |
| Recurring financial charges | 65 | €448 | €288 | -€160 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €31,438 | €89,999 | +€58,561 | +186% |
| Income taxes | 67/77 | €8,694 | €7,267 | -€1,427 | -16.4% |
| Profit (loss) for the period | 9904 | €22,744 | €82,731 | +€59,987 | +264% |
| Profit (loss) for the period to be appropriated | 9905 | €22,744 | €82,731 | +€59,987 | +264% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.