BOGERD MARTIN: what changed
What changed
BOGERD MARTIN
NACE 52.220, Warehousing and support activities for transportation
filed annual accounts (NBB)
Net result for the year
€156,095
2024 · €210,400-€54,305
Equity
€3.4m
2024 · €3.4m-€18,905
Cash
€322,182
2024 · €527,734-€205,552
Balance sheet total
€5.7m
2024 · €6.2m-€499,681
Largest movements
Assets
- Receivables within one year -€376,602
down €376,602 (-12.4%), from €3.0m to €2.7m
of which Other amounts receivable: -€229,433
- Cash -€205,552
down €205,552 (-38.9%), from €527,734 to €322,182
mainly Short-term financial debts (-€361,475) and Trade debts (-€276,788)
- Deferred charges and accrued income +€144,492
up €144,492 (+1,511%), from €9,561 to €154,053
Equity and liabilities
- Short-term financial debts -€361,475
down €361,475 (-80.6%), from €448,734 to €87,259
of which Credit institutions: -€356,713
- Trade debts -€276,788
down €276,788 (-19.3%), from €1.4m to €1.2m
- Accrued charges and deferred income +€184,375
up €184,375 (+39,853%), from €463 to €184,837
Income statement
- Goods and materials +€665,347
up €665,347 (+12.1%), from €5.5m to €6.2m
of which Purchases: +€595,315
- Turnover +€520,943
up €520,943 (+7.0%), from €7.4m to €7.9m
- Services and other goods -€154,033
down €154,033 (-11.6%), from €1.3m to €1.2m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€210,400
Turnover
+€520,943
Other operating income
+€1,075
Goods and materials
-€665,347
Services and other goods
+€154,033
Staff costs
-€25,077
Depreciation
-€9,082
Write-downs
-€13,895
Other operating charges
+€887
Other operating items
+€80,690
Financial income
-€70,120
Financial charges
-€28,454
Taxes
+€42
Result 2025
€156,095
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€364,069
Investment
-€53,745
Financing
-€515,876
Cash 2024
€527,734
From operations (derived)
+€364,069
Net result for the year
+€156,095
Depreciation
+€58,852
Stocks and contracts
+€56,913
Receivables within one year
+€376,602
Deferred charges and accrued income
-€144,492
Trade debts
-€276,788
Tax, wage and social debts
+€5,695
Advances received
-€2,879
Other debts
-€50,304
Accrued charges and deferred income
+€184,375
Investment (derived)
-€53,745
Investment in fixed assets (net)
-€53,745
Financing
-€515,876
Debts after one year
+€11,148
Current portion of long-term debt
+€9,451
Short-term financial debts
-€361,475
Contributions, distributions and other
-€175,000
Cash 2025
€322,182
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,202,403 | €5,702,721 | -€499,681 | -8.1% |
| Fixed assets | 21/28 | €1,660,037 | €1,654,930 | -€5,106 | -0.3% |
| Intangible fixed assets | 21 | €32,440 | - | -€32,440 | |
| Tangible fixed assets | 22/27 | €25,010 | €59,566 | +€34,555 | +138% |
| Furniture and vehicles | 24 | €24,722 | €18,971 | -€5,751 | -23.3% |
| Leasing and similar rights | 25 | - | €20,328 | +€20,328 | |
| Other tangible fixed assets | 26 | €288 | €20,266 | +€19,978 | +6,943% |
| Financial fixed assets | 28 | €1,602,587 | €1,595,365 | -€7,222 | -0.5% |
| Affiliated companies | 280/1 | €1,594,975 | €1,594,975 | = | 0.0% |
| Participating interests | 280 | €1,594,975 | €1,594,975 | = | 0.0% |
| Other financial fixed assets | 284/8 | €7,612 | €390 | -€7,222 | -94.9% |
| Amounts receivable and cash guarantees | 285/8 | €7,612 | €390 | -€7,222 | -94.9% |
| Current assets | 29/58 | €4,542,366 | €4,047,791 | -€494,575 | -10.9% |
| Amounts receivable after more than one year | 29 | €705,025 | €705,025 | = | 0.0% |
| Other amounts receivable | 291 | €705,025 | €705,025 | = | 0.0% |
| Stocks and contracts in progress | 3 | €265,801 | €208,888 | -€56,913 | -21.4% |
| Stocks | 30/36 | €265,801 | €208,888 | -€56,913 | -21.4% |
| Goods purchased for resale | 34 | €265,801 | €208,888 | -€56,913 | -21.4% |
| Amounts receivable within one year | 40/41 | €3,034,244 | €2,657,643 | -€376,602 | -12.4% |
| Trade receivables | 40 | €2,073,102 | €1,925,933 | -€147,169 | -7.1% |
| Other amounts receivable | 41 | €961,142 | €731,709 | -€229,433 | -23.9% |
| Cash at bank and in hand | 54/58 | €527,734 | €322,182 | -€205,552 | -38.9% |
| Deferred charges and accrued income | 490/1 | €9,561 | €154,053 | +€144,492 | +1,511% |
| Total equity and liabilities | 10/49 | €6,202,403 | €5,702,721 | -€499,681 | -8.1% |
| Equity | 10/15 | €3,438,828 | €3,419,924 | -€18,905 | -0.5% |
| Contributions | 10/11 | €372,475 | €372,475 | = | 0.0% |
| Capital | 10 | €372,475 | €372,475 | = | 0.0% |
| Issued capital | 100 | €372,475 | €372,475 | = | 0.0% |
| Reserves | 13 | €390,981 | €390,981 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,248 | €37,248 | = | 0.0% |
| Legal reserve | 130 | €37,248 | €37,248 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,604 | €9,604 | = | 0.0% |
| Distributable reserves | 133 | €344,130 | €344,130 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,675,372 | €2,656,467 | -€18,905 | -0.7% |
| Amounts payable | 17/49 | €2,763,574 | €2,282,798 | -€480,777 | -17.4% |
| Amounts payable after more than one year | 17 | €500,000 | €511,148 | +€11,148 | +2.2% |
| Financial debts | 170/4 | - | €11,148 | +€11,148 | |
| Leasing and similar obligations | 172 | - | €11,148 | +€11,148 | |
| Other amounts payable | 178/9 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,263,112 | €1,586,812 | -€676,299 | -29.9% |
| Current portion of amounts payable after more than one year | 42 | - | €9,451 | +€9,451 | |
| Financial debts | 43 | €448,734 | €87,259 | -€361,475 | -80.6% |
| Credit institutions | 430/8 | €421,134 | €64,421 | -€356,713 | -84.7% |
| Other loans | 439 | €27,600 | €22,837 | -€4,763 | -17.3% |
| Trade debts | 44 | €1,430,616 | €1,153,828 | -€276,788 | -19.3% |
| Suppliers | 440/4 | €1,430,616 | €1,153,828 | -€276,788 | -19.3% |
| Advances received on contracts in progress | 46 | €87,085 | €84,207 | -€2,879 | -3.3% |
| Taxes, remuneration and social security | 45 | €70,945 | €76,640 | +€5,695 | +8.0% |
| Taxes | 450/3 | €2,329 | €2,181 | -€148 | -6.3% |
| Remuneration and social security | 454/9 | €68,616 | €74,458 | +€5,843 | +8.5% |
| Other amounts payable | 47/48 | €225,731 | €175,428 | -€50,304 | -22.3% |
| Accrued charges and deferred income | 492/3 | €463 | €184,837 | +€184,375 | +39,853% |
| Operating income | 70/76A | €7,706,285 | €8,307,197 | +€600,911 | +7.8% |
| Turnover | 70 | €7,404,523 | €7,925,466 | +€520,943 | +7.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €293,953 | €376,847 | +€82,895 | +28.2% |
| Other operating income | 74 | €3,809 | €4,883 | +€1,075 | +28.2% |
| Non-recurring operating income | 76A | €4,001 | - | -€4,001 | |
| Operating charges | 60/66A | €7,542,997 | €8,099,681 | +€556,684 | +7.4% |
| Goods for resale, raw materials and consumables | 60 | €5,510,141 | €6,175,487 | +€665,347 | +12.1% |
| Purchases | 600/8 | €5,524,085 | €6,119,400 | +€595,315 | +10.8% |
| Change in stocks: decrease (increase) | 609 | -€13,944 | €56,087 | +€70,032 | |
| Services and other goods | 61 | €1,326,641 | €1,172,608 | -€154,033 | -11.6% |
| Remuneration, social security and pensions | 62 | €633,277 | €658,355 | +€25,077 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,770 | €58,852 | +€9,082 | +18.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,102 | €19,997 | +€13,895 | +228% |
| Other operating charges | 640/8 | €4,467 | €3,580 | -€887 | -19.9% |
| Non-recurring operating charges | 66A | €12,599 | €10,802 | -€1,796 | -14.3% |
| Operating profit (loss) | 9901 | €163,288 | €207,516 | +€44,227 | +27.1% |
| Financial income | 75/76B | €211,090 | €140,971 | -€70,120 | -33.2% |
| Recurring financial income | 75 | €211,090 | €140,971 | -€70,120 | -33.2% |
| Income from current assets | 751 | €94,784 | €63,331 | -€31,453 | -33.2% |
| Other financial income | 752/9 | €116,307 | €77,640 | -€38,667 | -33.2% |
| Financial charges | 65/66B | €149,136 | €177,590 | +€28,454 | +19.1% |
| Recurring financial charges | 65 | €149,136 | €177,590 | +€28,454 | +19.1% |
| Debt charges | 650 | €30,598 | €27,824 | -€2,774 | -9.1% |
| Other financial charges | 652/9 | €118,538 | €149,766 | +€31,228 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €225,243 | €170,896 | -€54,347 | -24.1% |
| Income taxes | 67/77 | €14,843 | €14,800 | -€42 | -0.3% |
| Taxes | 670/3 | €14,864 | €15,467 | +€603 | +4.1% |
| Tax adjustments and reversals of tax provisions | 77 | €22 | €666 | +€645 | +2,990% |
| Profit (loss) for the period | 9904 | €210,400 | €156,095 | -€54,305 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €210,400 | €156,095 | -€54,305 | -25.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.