LUCIEN BODSON: what changed
LUCIEN BODSON
Largest movements
- Tangible fixed assets -€21,087
down €21,087 (-21.5%), from €98,261 to €77,174
of which Furniture and vehicles: -€21,206
- Cash +€20,545
up €20,545 (+16.6%), from €123,843 to €144,388
mainly Net result for the year (+€52,431) and Depreciation (+€24,705)
- Current investments +€13,292
up €13,292 (+28.9%), from €45,998 to €59,290
- Receivables within one year -€10,764
down €10,764 (-19.4%), from €55,435 to €44,671
of which Other amounts receivable: -€6,655
- Stocks and contracts +€3,713
up €3,713 (+10.9%), from €34,199 to €37,912
- Reserves +€15,000
up €15,000 (+66.7%), from €22,500 to €37,500
of which Distributable reserves: +€30,000
- Other debts -€11,792
down €11,792 (-84.0%), from €14,032 to €2,239
- Trade debts -€8,493
down €8,493 (-27.4%), from €30,965 to €22,472
- Profit (loss) carried forward +€7,431
up €7,431 (+3.5%), from €209,379 to €216,810
- Tax, wage and social debts +€4,634
up €4,634 (+97.0%), from €4,779 to €9,414
of which Remuneration and social security: +€4,293
- Gross operating margin +€74,061
up €74,061 (+82.5%), from €89,816 to €163,877
- Staff costs +€19,723
up €19,723 (+36.8%), from €53,664 to €73,387
- Financial income -€14,319
down €14,319 (-90.3%), from €15,863 to €1,544
of which Non-recurring financial income: -€13,846
- Write-downs -€7,424
no longer reported in 2025 (was €7,424)
- Depreciation +€4,865
up €4,865 (+24.5%), from €19,839 to €24,705
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €358,230 | €363,435 | +€5,205 | +1.5% |
| Fixed assets | 21/28 | €98,261 | €77,174 | -€21,087 | -21.5% |
| Tangible fixed assets | 22/27 | €98,261 | €77,174 | -€21,087 | -21.5% |
| Plant, machinery and equipment | 23 | €3,860 | €3,979 | +€120 | +3.1% |
| Furniture and vehicles | 24 | €94,401 | €73,195 | -€21,206 | -22.5% |
| Current assets | 29/58 | €259,970 | €286,261 | +€26,291 | +10.1% |
| Stocks and contracts in progress | 3 | €34,199 | €37,912 | +€3,713 | +10.9% |
| Stocks | 30/36 | €34,199 | €37,912 | +€3,713 | +10.9% |
| Amounts receivable within one year | 40/41 | €55,435 | €44,671 | -€10,764 | -19.4% |
| Trade receivables | 40 | €36,449 | €32,339 | -€4,109 | -11.3% |
| Other amounts receivable | 41 | €18,986 | €12,331 | -€6,655 | -35.1% |
| Current investments | 50/53 | €45,998 | €59,290 | +€13,292 | +28.9% |
| Cash at bank and in hand | 54/58 | €123,843 | €144,388 | +€20,545 | +16.6% |
| Deferred charges and accrued income | 490/1 | €495 | - | -€495 | |
| Total equity and liabilities | 10/49 | €358,230 | €363,435 | +€5,205 | +1.5% |
| Equity | 10/15 | €306,879 | €329,310 | +€22,431 | +7.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €22,500 | €37,500 | +€15,000 | +66.7% |
| Non-distributable reserves | 130/1 | €22,500 | €7,500 | -€15,000 | -66.7% |
| Legal reserve | 130 | €22,500 | €7,500 | -€15,000 | -66.7% |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | €209,379 | €216,810 | +€7,431 | +3.5% |
| Amounts payable | 17/49 | €51,351 | €34,124 | -€17,227 | -33.5% |
| Amounts payable within one year | 42/48 | €51,351 | €34,124 | -€17,227 | -33.5% |
| Financial debts | 43 | €1,575 | - | -€1,575 | |
| Credit institutions | 430/8 | €1,575 | - | -€1,575 | |
| Trade debts | 44 | €30,965 | €22,472 | -€8,493 | -27.4% |
| Suppliers | 440/4 | €30,965 | €22,472 | -€8,493 | -27.4% |
| Taxes, remuneration and social security | 45 | €4,779 | €9,414 | +€4,634 | +97.0% |
| Taxes | 450/3 | €925 | €1,266 | +€341 | +36.9% |
| Remuneration and social security | 454/9 | €3,855 | €8,147 | +€4,293 | +111% |
| Other amounts payable | 47/48 | €14,032 | €2,239 | -€11,792 | -84.0% |
| Remuneration, social security and pensions | 62 | €53,664 | €73,387 | +€19,723 | +36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,839 | €24,705 | +€4,865 | +24.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,424 | - | -€7,424 | |
| Other operating charges | 640/8 | - | €3,729 | +€3,729 | |
| Gross operating margin | 9900 | €89,816 | €163,877 | +€74,061 | +82.5% |
| Operating profit (loss) | 9901 | €8,889 | €62,057 | +€53,168 | +598% |
| Financial income | 75/76B | €15,863 | €1,544 | -€14,319 | -90.3% |
| Recurring financial income | 75 | €2,017 | €1,544 | -€473 | -23.5% |
| Non-recurring financial income | 76B | €13,846 | - | -€13,846 | |
| Financial charges | 65/66B | €1,504 | €1,433 | -€71 | -4.7% |
| Recurring financial charges | 65 | €1,504 | €1,433 | -€71 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €23,248 | €62,168 | +€38,919 | +167% |
| Income taxes | 67/77 | €5,460 | €9,736 | +€4,276 | +78.3% |
| Profit (loss) for the period | 9904 | €17,788 | €52,431 | +€34,643 | +195% |
| Profit (loss) for the period to be appropriated | 9905 | €17,788 | €52,431 | +€34,643 | +195% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.