AL BORJ: 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.
AL BORJ
Largest movements
- Stocks and contracts -€49,500
down €49,500 (-60.9%), from €81,318 to €31,818
- Cash +€22,994
up €22,994 (+504.9%), from €4,554 to €27,548
- Receivables within one year +€2,320
up €2,320 (+594.6%), from €390 to €2,710
- Trade debts -€63,630
down €63,630 (-98.6%), from €64,517 to €887
- Profit (loss) carried forward +€58,388
up €58,388 (+61.9%), from -€94,298 to -€35,910
- Other debts -€22,683
down €22,683 (-21.0%), from €108,270 to €85,587
- Tax, wage and social debts +€3,740
up €3,740 (+150.9%), from €2,478 to €6,218
of which Remuneration and social security: +€3,165
- Gross operating margin +€49,848
up €49,848 (+104.3%), from €47,787 to €97,635
- Turnover +€33,602
up €33,602 (+8.7%), from €386,710 to €420,312
- Purchases and services -€16,246
down €16,246 (-4.8%), from €338,924 to €322,677
- Staff costs +€9,239
up €9,239 (+24.9%), from €37,153 to €46,392
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,167 | €62,981 | -€24,186 | -27.7% |
| Fixed assets | 21/28 | €905 | €905 | +€0 | 0.0% |
| Financial fixed assets | 28 | €905 | €905 | +€0 | 0.0% |
| Current assets | 29/58 | €86,262 | €62,076 | -€24,186 | -28.0% |
| Stocks and contracts in progress | 3 | €81,318 | €31,818 | -€49,500 | -60.9% |
| Stocks | 30/36 | €81,318 | €31,818 | -€49,500 | -60.9% |
| Amounts receivable within one year | 40/41 | €390 | €2,710 | +€2,320 | +594.6% |
| Other amounts receivable | 41 | €390 | €2,710 | +€2,320 | +594.6% |
| Cash at bank and in hand | 54/58 | €4,554 | €27,548 | +€22,994 | +504.9% |
| Total equity and liabilities | 10/49 | €87,167 | €62,981 | -€24,186 | -27.7% |
| Equity | 10/15 | -€88,098 | -€29,710 | +€58,388 | +66.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,298 | -€35,910 | +€58,388 | +61.9% |
| Amounts payable | 17/49 | €175,265 | €92,692 | -€82,573 | -47.1% |
| Amounts payable within one year | 42/48 | €175,265 | €92,692 | -€82,573 | -47.1% |
| Trade debts | 44 | €64,517 | €887 | -€63,630 | -98.6% |
| Suppliers | 440/4 | €64,517 | €887 | -€63,630 | -98.6% |
| Taxes, remuneration and social security | 45 | €2,478 | €6,218 | +€3,740 | +150.9% |
| Taxes | 450/3 | - | €575 | +€575 | |
| Remuneration and social security | 454/9 | €2,478 | €5,643 | +€3,165 | +127.7% |
| Other amounts payable | 47/48 | €108,270 | €85,587 | -€22,683 | -21.0% |
| Turnover | 70 | €386,710 | €420,312 | +€33,602 | +8.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €338,924 | €322,677 | -€16,246 | -4.8% |
| Remuneration, social security and pensions | 62 | €37,153 | €46,392 | +€9,239 | +24.9% |
| Other operating charges | 640/8 | €2,554 | €2,914 | +€360 | +14.1% |
| Gross operating margin | 9900 | €47,787 | €97,635 | +€49,848 | +104.3% |
| Operating profit (loss) | 9901 | €8,080 | €48,329 | +€40,250 | +498.1% |
| Financial charges | 65/66B | €232 | €1,391 | +€1,159 | +499.7% |
| Recurring financial charges | 65 | €232 | €1,391 | +€1,159 | +499.7% |
| Profit (loss) for the period before taxes | 9903 | €7,848 | €46,939 | +€39,091 | +498.1% |
| Profit (loss) for the period | 9904 | €7,848 | €46,939 | +€39,091 | +498.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,848 | €46,939 | +€39,091 | +498.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.