R. & L. Boddin: 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.
R. & L. Boddin
Largest movements
- Tangible fixed assets -€28,651
down €28,651 (-5.7%), from €506,334 to €477,683
of which Land and buildings: -€20,806
- Receivables within one year +€19,426
up €19,426 (+7.4%), from €261,144 to €280,570
of which Trade receivables: +€15,248
- Debts after one year -€61,912
down €61,912 (-49.1%), from €126,167 to €64,255
- Trade debts +€52,510
up €52,510 (+47.2%), from €111,344 to €163,854
- Other debts +€27,531
up €27,531 (+136%), from €20,298 to €47,829
- Profit (loss) carried forward -€20,891
down €20,891 (-12.9%), from €162,289 to €141,398
- Reserves -€14,636
down €14,636 (-4.0%), from €369,659 to €355,023
of which Tax-exempt reserves: -€14,636
- Gross operating margin -€76,951
down €76,951 (-26.4%), from €291,090 to €214,139
- Staff costs -€17,402
down €17,402 (-8.6%), from €203,286 to €185,884
- Taxes -€8,253
down €8,253 (-89.2%), from €9,253 to €1,000
- Depreciation -€6,849
down €6,849 (-11.8%), from €57,994 to €51,145
- Financial charges -€2,946
down €2,946 (-9.2%), from €32,196 to €29,250
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 | €1,373,420 | €1,348,600 | -€24,820 | -1.8% |
| Fixed assets | 21/28 | €551,987 | €516,986 | -€35,001 | -6.3% |
| Intangible fixed assets | 21 | €6,429 | €0 | -€6,429 | -100% |
| Tangible fixed assets | 22/27 | €506,334 | €477,683 | -€28,651 | -5.7% |
| Land and buildings | 22 | €379,069 | €358,263 | -€20,806 | -5.5% |
| Plant, machinery and equipment | 23 | €95,142 | €95,061 | -€81 | -0.1% |
| Furniture and vehicles | 24 | €32,124 | €24,359 | -€7,765 | -24.2% |
| Financial fixed assets | 28 | €39,224 | €39,303 | +€79 | +0.2% |
| Current assets | 29/58 | €821,433 | €831,614 | +€10,181 | +1.2% |
| Stocks and contracts in progress | 3 | €492,960 | €490,812 | -€2,148 | -0.4% |
| Stocks | 30/36 | €492,960 | €490,812 | -€2,148 | -0.4% |
| Amounts receivable within one year | 40/41 | €261,144 | €280,570 | +€19,426 | +7.4% |
| Trade receivables | 40 | €243,107 | €258,355 | +€15,248 | +6.3% |
| Other amounts receivable | 41 | €18,038 | €22,215 | +€4,177 | +23.2% |
| Cash at bank and in hand | 54/58 | €26,645 | €18,783 | -€7,862 | -29.5% |
| Deferred charges and accrued income | 490/1 | €40,684 | €41,449 | +€765 | +1.9% |
| Total equity and liabilities | 10/49 | €1,373,420 | €1,348,600 | -€24,820 | -1.8% |
| Equity | 10/15 | €635,247 | €599,720 | -€35,527 | -5.6% |
| Contributions | 10/11 | €103,299 | €103,299 | -€0 | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €41,299 | €41,299 | -€0 | 0.0% |
| Share premium | 1100/10 | €41,299 | €41,299 | -€0 | 0.0% |
| Reserves | 13 | €369,659 | €355,023 | -€14,636 | -4.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €124,702 | €110,066 | -€14,636 | -11.7% |
| Distributable reserves | 133 | €238,757 | €238,757 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €162,289 | €141,398 | -€20,891 | -12.9% |
| Provisions and deferred taxes | 16 | €63,901 | €56,365 | -€7,536 | -11.8% |
| Deferred taxes | 168 | €63,901 | €56,365 | -€7,536 | -11.8% |
| Amounts payable | 17/49 | €674,271 | €692,515 | +€18,244 | +2.7% |
| Amounts payable after more than one year | 17 | €126,167 | €64,255 | -€61,912 | -49.1% |
| Financial debts | 170/4 | €126,167 | €64,255 | -€61,912 | -49.1% |
| Amounts payable within one year | 42/48 | €548,104 | €628,260 | +€80,156 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €76,864 | €76,297 | -€567 | -0.7% |
| Financial debts | 43 | €300,000 | €300,000 | = | 0.0% |
| Credit institutions | 430/8 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €111,344 | €163,854 | +€52,510 | +47.2% |
| Suppliers | 440/4 | €111,344 | €163,854 | +€52,510 | +47.2% |
| Taxes, remuneration and social security | 45 | €39,597 | €40,280 | +€683 | +1.7% |
| Taxes | 450/3 | €21,159 | €19,608 | -€1,551 | -7.3% |
| Remuneration and social security | 454/9 | €18,438 | €20,672 | +€2,234 | +12.1% |
| Other amounts payable | 47/48 | €20,298 | €47,829 | +€27,531 | +136% |
| Remuneration, social security and pensions | 62 | €203,286 | €185,884 | -€17,402 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,994 | €51,145 | -€6,849 | -11.8% |
| Other operating charges | 640/8 | €11,302 | €10,290 | -€1,012 | -9.0% |
| Gross operating margin | 9900 | €291,090 | €214,139 | -€76,951 | -26.4% |
| Operating profit (loss) | 9901 | €18,507 | -€33,180 | -€51,687 | |
| Financial income | 75/76B | €20,416 | €20,367 | -€49 | -0.2% |
| Recurring financial income | 75 | €20,416 | €20,367 | -€49 | -0.2% |
| Financial charges | 65/66B | €32,196 | €29,250 | -€2,946 | -9.2% |
| Recurring financial charges | 65 | €32,196 | €29,250 | -€2,946 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €6,727 | -€42,063 | -€48,790 | |
| Transfer from deferred taxes | 780 | €7,078 | €7,536 | +€458 | +6.5% |
| Income taxes | 67/77 | €9,253 | €1,000 | -€8,253 | -89.2% |
| Profit (loss) for the period | 9904 | €4,552 | -€35,527 | -€40,079 | |
| Transfer from tax-exempt reserves | 789 | €13,746 | €14,636 | +€890 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,298 | -€20,891 | -€39,189 |
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 1 November 2026 via checked.be.