BODEVU: 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.
BODEVU
Largest movements
- Cash -€40,521
down €40,521 (-67.1%), from €60,378 to €19,857
mainly Contributions, distributions and other (-€50,000) and Receivables within one year (-€26,206)
- Receivables within one year +€26,206
up €26,206 (+20.9%), from €125,395 to €151,601
of which Other amounts receivable: +€27,431
- Tangible fixed assets -€17,619
down €17,619 (-27.4%), from €64,398 to €46,779
of which Furniture and vehicles: -€12,257
- Reserves -€24,491
down €24,491 (-9.2%), from €266,661 to €242,171
- Debts after one year -€13,569
down €13,569 (-40.8%), from €33,218 to €19,649
- Tax, wage and social debts +€4,014
up €4,014 (+139%), from €2,888 to €6,902
of which Remuneration and social security: +€2,531
- Financial income +€24,690
up €24,690 (+246,901%), from €10 to €24,700
- Gross operating margin -€3,445
down €3,445 (-12.8%), from €26,946 to €23,500
- Depreciation -€544
down €544 (-3.0%), from €18,163 to €17,619
- Financial charges -€518
down €518 (-20.2%), from €2,557 to €2,040
- Other operating charges -€481
down €481 (-29.0%), from €1,660 to €1,179
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 | €394,172 | €362,237 | -€31,934 | -8.1% |
| Fixed assets | 21/28 | €208,398 | €190,779 | -€17,619 | -8.5% |
| Tangible fixed assets | 22/27 | €64,398 | €46,779 | -€17,619 | -27.4% |
| Plant, machinery and equipment | 23 | €16,502 | €15,091 | -€1,412 | -8.6% |
| Furniture and vehicles | 24 | €38,156 | €25,898 | -€12,257 | -32.1% |
| Other tangible fixed assets | 26 | €9,740 | €5,790 | -€3,950 | -40.6% |
| Financial fixed assets | 28 | €144,000 | €144,000 | = | 0.0% |
| Current assets | 29/58 | €185,774 | €171,458 | -€14,315 | -7.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €125,395 | €151,601 | +€26,206 | +20.9% |
| Trade receivables | 40 | €106,813 | €105,587 | -€1,225 | -1.1% |
| Other amounts receivable | 41 | €18,582 | €46,014 | +€27,431 | +148% |
| Cash at bank and in hand | 54/58 | €60,378 | €19,857 | -€40,521 | -67.1% |
| Total equity and liabilities | 10/49 | €394,172 | €362,237 | -€31,934 | -8.1% |
| Equity | 10/15 | €285,261 | €260,771 | -€24,491 | -8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €266,661 | €242,171 | -€24,491 | -9.2% |
| Distributable reserves | 133 | €266,661 | €242,171 | -€24,491 | -9.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €108,910 | €101,467 | -€7,444 | -6.8% |
| Amounts payable after more than one year | 17 | €33,218 | €19,649 | -€13,569 | -40.8% |
| Financial debts | 170/4 | €33,218 | €19,649 | -€13,569 | -40.8% |
| Amounts payable within one year | 42/48 | €75,692 | €81,818 | +€6,125 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €12,965 | €13,569 | +€604 | +4.7% |
| Trade debts | 44 | €3,463 | €2,431 | -€1,032 | -29.8% |
| Suppliers | 440/4 | €3,463 | €2,431 | -€1,032 | -29.8% |
| Taxes, remuneration and social security | 45 | €2,888 | €6,902 | +€4,014 | +139% |
| Taxes | 450/3 | €2,888 | €4,371 | +€1,483 | +51.3% |
| Remuneration and social security | 454/9 | €0 | €2,531 | +€2,531 | |
| Other amounts payable | 47/48 | €56,376 | €58,916 | +€2,540 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,163 | €17,619 | -€544 | -3.0% |
| Other operating charges | 640/8 | €1,660 | €1,179 | -€481 | -29.0% |
| Gross operating margin | 9900 | €26,946 | €23,500 | -€3,445 | -12.8% |
| Operating profit (loss) | 9901 | €7,123 | €4,703 | -€2,420 | -34.0% |
| Financial income | 75/76B | €10 | €24,700 | +€24,690 | +246,901% |
| Recurring financial income | 75 | €10 | €24,700 | +€24,690 | +246,901% |
| Financial charges | 65/66B | €2,557 | €2,040 | -€518 | -20.2% |
| Recurring financial charges | 65 | €2,557 | €2,040 | -€518 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €4,576 | €27,363 | +€22,787 | +498% |
| Income taxes | 67/77 | €1,993 | €1,854 | -€139 | -7.0% |
| Profit (loss) for the period | 9904 | €2,583 | €25,509 | +€22,926 | +888% |
| Profit (loss) for the period to be appropriated | 9905 | €2,583 | €25,509 | +€22,926 | +888% |
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 26 October 2026 via checked.be.