ATELIERS BORGHANS: 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.
ATELIERS BORGHANS
Largest movements
- Cash -€18,115
down €18,115 (-80.6%), from €22,463 to €4,348
mainly Receivables within one year (-€15,189) and Accrued charges and deferred income (-€3,399)
- Receivables within one year +€15,189
up €15,189 (+11.8%), from €128,955 to €144,144
of which Other amounts receivable: +€10,517
- Stocks and contracts +€3,247
up €3,247 (+12.5%), from €25,893 to €29,140
- Tangible fixed assets -€1,932
down €1,932 (-68.0%), from €2,840 to €908
- Profit (loss) carried forward +€7,190
up €7,190 (+51.6%), from €13,923 to €21,113
- Accrued charges and deferred income -€3,399
down €3,399 (-98.1%), from €3,466 to €67
- Tax, wage and social debts -€3,204
down €3,204 (-5.0%), from €63,865 to €60,661
- Gross operating margin +€12,183
up €12,183, from -€1,981 to €10,202
- Other operating charges -€3,107
down €3,107 (-76.6%), from €4,058 to €951
- Financial charges -€975
down €975 (-80.3%), from €1,214 to €239
- Taxes -€324
down €324, from €300 to -€24
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 | €180,270 | €180,701 | +€431 | +0.2% |
| Fixed assets | 21/28 | €2,840 | €1,908 | -€932 | -32.8% |
| Tangible fixed assets | 22/27 | €2,840 | €908 | -€1,932 | -68.0% |
| Furniture and vehicles | 24 | €2,840 | €908 | -€1,932 | -68.0% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €177,430 | €178,793 | +€1,363 | +0.8% |
| Stocks and contracts in progress | 3 | €25,893 | €29,140 | +€3,247 | +12.5% |
| Stocks | 30/36 | €25,893 | €29,140 | +€3,247 | +12.5% |
| Amounts receivable within one year | 40/41 | €128,955 | €144,144 | +€15,189 | +11.8% |
| Trade receivables | 40 | €2,733 | €7,405 | +€4,672 | +171% |
| Other amounts receivable | 41 | €126,222 | €136,739 | +€10,517 | +8.3% |
| Cash at bank and in hand | 54/58 | €22,463 | €4,348 | -€18,115 | -80.6% |
| Deferred charges and accrued income | 490/1 | €119 | €1,161 | +€1,042 | +876% |
| Total equity and liabilities | 10/49 | €180,270 | €180,701 | +€431 | +0.2% |
| Equity | 10/15 | €107,383 | €114,573 | +€7,190 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,860 | €74,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €73,000 | €73,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,923 | €21,113 | +€7,190 | +51.6% |
| Amounts payable | 17/49 | €72,887 | €66,128 | -€6,759 | -9.3% |
| Amounts payable within one year | 42/48 | €69,422 | €66,061 | -€3,361 | -4.8% |
| Financial debts | 43 | €512 | - | -€512 | |
| Credit institutions | 430/8 | €512 | - | -€512 | |
| Trade debts | 44 | €3,544 | €3,900 | +€356 | +10.0% |
| Suppliers | 440/4 | €3,544 | €3,900 | +€356 | +10.0% |
| Taxes, remuneration and social security | 45 | €63,865 | €60,661 | -€3,204 | -5.0% |
| Taxes | 450/3 | €63,865 | €60,661 | -€3,204 | -5.0% |
| Other amounts payable | 47/48 | €1,500 | €1,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,466 | €67 | -€3,399 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,932 | €1,932 | +€0 | 0.0% |
| Other operating charges | 640/8 | €4,058 | €951 | -€3,107 | -76.6% |
| Gross operating margin | 9900 | -€1,981 | €10,202 | +€12,183 | |
| Operating profit (loss) | 9901 | -€7,971 | €7,319 | +€15,290 | |
| Financial income | 75/76B | - | €86 | +€86 | |
| Recurring financial income | 75 | - | €86 | +€86 | |
| Financial charges | 65/66B | €1,214 | €239 | -€975 | -80.3% |
| Recurring financial charges | 65 | €1,214 | €239 | -€975 | -80.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,185 | €7,166 | +€16,350 | |
| Income taxes | 67/77 | €300 | -€24 | -€324 | |
| Profit (loss) for the period | 9904 | -€9,485 | €7,190 | +€16,675 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,485 | €7,190 | +€16,675 |
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 17 October 2026 via checked.be.