Frédéric Bode Management: 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.
Frédéric Bode Management
Largest movements
- Receivables within one year +€108,116
up €108,116 (+11,028%), from €980 to €109,097
of which Other amounts receivable: +€89,966
- Cash -€1,114
down €1,114 (-97.2%), from €1,146 to €32
mainly Receivables within one year (-€108,116) and Other debts (-€10,258)
- Profit (loss) carried forward +€89,156
up €89,156, from -€21,221 to €67,935
- Tax, wage and social debts +€27,823
new in 2025: €27,823
- Other debts -€10,258
down €10,258 (-54.8%), from €18,702 to €8,444
- Gross operating margin +€125,276
up €125,276, from -€9,231 to €116,045
- Taxes +€26,717
new in 2025: €26,717
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 | €2,126 | €109,664 | +€107,538 | +5,058% |
| Current assets | 29/58 | €2,126 | €109,664 | +€107,538 | +5,058% |
| Amounts receivable within one year | 40/41 | €980 | €109,097 | +€108,116 | +11,028% |
| Trade receivables | 40 | - | €18,150 | +€18,150 | |
| Other amounts receivable | 41 | €980 | €90,947 | +€89,966 | +9,177% |
| Cash at bank and in hand | 54/58 | €1,146 | €32 | -€1,114 | -97.2% |
| Deferred charges and accrued income | 490/1 | - | €535 | +€535 | |
| Total equity and liabilities | 10/49 | €2,126 | €109,664 | +€107,538 | +5,058% |
| Equity | 10/15 | -€18,221 | €70,935 | +€89,156 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,221 | €67,935 | +€89,156 | |
| Amounts payable | 17/49 | €20,347 | €38,729 | +€18,382 | +90.3% |
| Amounts payable within one year | 42/48 | €20,347 | €38,329 | +€17,982 | +88.4% |
| Trade debts | 44 | €1,645 | €2,062 | +€417 | +25.4% |
| Suppliers | 440/4 | €1,645 | €2,062 | +€417 | +25.4% |
| Taxes, remuneration and social security | 45 | - | €27,823 | +€27,823 | |
| Taxes | 450/3 | - | €27,823 | +€27,823 | |
| Other amounts payable | 47/48 | €18,702 | €8,444 | -€10,258 | -54.8% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101 | - | -€101 | |
| Other operating charges | 640/8 | €200 | €200 | = | 0.0% |
| Gross operating margin | 9900 | -€9,231 | €116,045 | +€125,276 | |
| Operating profit (loss) | 9901 | -€9,532 | €115,845 | +€125,377 | |
| Financial income | 75/76B | - | €947 | +€947 | |
| Recurring financial income | 75 | - | €947 | +€947 | |
| Financial charges | 65/66B | €99 | €86 | -€13 | -13.3% |
| Recurring financial charges | 65 | €99 | €86 | -€13 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,631 | €116,706 | +€126,337 | |
| Income taxes | 67/77 | - | €26,717 | +€26,717 | |
| Profit (loss) for the period | 9904 | -€9,631 | €89,989 | +€99,620 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,631 | €89,989 | +€99,620 |
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 13 October 2026 via checked.be.