BOODENT: what changed
Two fiscal 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.
BOODENT
Largest movements
- Cash +€183,860
up €183,860 (+128.4%), from €143,194 to €327,054
mainly Net result for the year (+€228,445) and Current investments (+€150,000)
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Receivables after one year -€50,000
no longer reported in 2025 (was €50,000)
- Tangible fixed assets +€7,475
up €7,475 (+9.7%), from €77,414 to €84,889
of which Plant, machinery and equipment: +€14,015
- Receivables within one year -€6,923
down €6,923 (-51.3%), from €13,503 to €6,580
- Profit (loss) carried forward -€101,555
down €101,555 (-50.1%), from €202,524 to €100,969
- Other debts +€70,486
up €70,486 (+41.8%), from €168,755 to €239,241
- Tax, wage and social debts +€13,866
up €13,866 (+32.5%), from €42,656 to €56,522
- Gross operating margin +€53,457
up €53,457 (+19.2%), from €279,009 to €332,466
- Taxes +€18,720
up €18,720 (+30.7%), from €61,030 to €79,750
- Depreciation -€3,620
down €3,620 (-12.3%), from €29,339 to €25,719
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.
Cash bridge derived
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 | €439,934 | €423,577 | -€16,357 | -3.7% |
| Formation expenses | 20 | €639 | €320 | -€319 | -49.9% |
| Fixed assets | 21/28 | €77,414 | €84,889 | +€7,475 | +9.7% |
| Tangible fixed assets | 22/27 | €77,414 | €84,889 | +€7,475 | +9.7% |
| Plant, machinery and equipment | 23 | €60,542 | €74,557 | +€14,015 | +23.1% |
| Furniture and vehicles | 24 | €16,872 | €10,332 | -€6,540 | -38.8% |
| Current assets | 29/58 | €361,881 | €338,368 | -€23,513 | -6.5% |
| Amounts receivable after more than one year | 29 | €50,000 | - | -€50,000 | |
| Other amounts receivable | 291 | €50,000 | - | -€50,000 | |
| Stocks and contracts in progress | 3 | €791 | €705 | -€86 | -10.9% |
| Stocks | 30/36 | €791 | €705 | -€86 | -10.9% |
| Amounts receivable within one year | 40/41 | €13,503 | €6,580 | -€6,923 | -51.3% |
| Trade receivables | 40 | €13,503 | €6,580 | -€6,923 | -51.3% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €143,194 | €327,054 | +€183,860 | +128.4% |
| Deferred charges and accrued income | 490/1 | €4,393 | €4,029 | -€364 | -8.3% |
| Total equity and liabilities | 10/49 | €439,934 | €423,577 | -€16,357 | -3.7% |
| Equity | 10/15 | €222,984 | €121,429 | -€101,555 | -45.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,524 | €100,969 | -€101,555 | -50.1% |
| Amounts payable | 17/49 | €216,950 | €302,148 | +€85,198 | +39.3% |
| Amounts payable within one year | 42/48 | €216,950 | €302,148 | +€85,198 | +39.3% |
| Trade debts | 44 | €5,539 | €6,385 | +€846 | +15.3% |
| Suppliers | 440/4 | €5,539 | €6,385 | +€846 | +15.3% |
| Taxes, remuneration and social security | 45 | €42,656 | €56,522 | +€13,866 | +32.5% |
| Taxes | 450/3 | €42,656 | €56,522 | +€13,866 | +32.5% |
| Other amounts payable | 47/48 | €168,755 | €239,241 | +€70,486 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,339 | €25,719 | -€3,620 | -12.3% |
| Other operating charges | 640/8 | €1,898 | €1,946 | +€48 | +2.5% |
| Gross operating margin | 9900 | €279,009 | €332,466 | +€53,457 | +19.2% |
| Operating profit (loss) | 9901 | €247,772 | €304,801 | +€57,029 | +23.0% |
| Financial income | 75/76B | €3,492 | €3,668 | +€176 | +5.0% |
| Recurring financial income | 75 | €3,492 | €3,668 | +€176 | +5.0% |
| Financial charges | 65/66B | €194 | €274 | +€80 | +41.2% |
| Recurring financial charges | 65 | €194 | €274 | +€80 | +41.2% |
| Profit (loss) for the period before taxes | 9903 | €251,070 | €308,195 | +€57,125 | +22.8% |
| Income taxes | 67/77 | €61,030 | €79,750 | +€18,720 | +30.7% |
| Profit (loss) for the period | 9904 | €190,040 | €228,445 | +€38,405 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €190,040 | €228,445 | +€38,405 | +20.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.