BOR: what changed
Two fiscal 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.
BOR
Largest movements
- Current investments +€120,437
up €120,437 (+31.7%), from €380,156 to €500,593
- Cash -€95,254
down €95,254 (-51.0%), from €186,656 to €91,402
mainly Current investments (-€120,437) and Accrued charges and deferred income (-€1,513)
- Trade debts +€15,000
new in 2025: €15,000
- Reserves +€9,933
up €9,933 (+1.9%), from €517,377 to €527,310
of which Distributable reserves: +€9,933
- Financial income +€28,937
up €28,937 (+1704.1%), from €1,698 to €30,635
- Gross operating margin -€14,798
down €14,798 (-686.5%), from -€2,155 to -€16,953
- Taxes +€3,284
new in 2025: €3,284
- Financial charges +€335
up €335 (+485.5%), from €69 to €404
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.
Cash bridge derived
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 | €570,377 | €595,332 | +€24,955 | +4.4% |
| Current assets | 29/58 | €570,377 | €595,332 | +€24,955 | +4.4% |
| Amounts receivable within one year | 40/41 | €3,565 | €3,337 | -€228 | -6.4% |
| Trade receivables | 40 | €3,055 | €3,055 | = | 0.0% |
| Other amounts receivable | 41 | €509 | €281 | -€228 | -44.8% |
| Current investments | 50/53 | €380,156 | €500,593 | +€120,437 | +31.7% |
| Cash at bank and in hand | 54/58 | €186,656 | €91,402 | -€95,254 | -51.0% |
| Total equity and liabilities | 10/49 | €570,377 | €595,332 | +€24,955 | +4.4% |
| Equity | 10/15 | €567,377 | €577,310 | +€9,933 | +1.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €517,377 | €527,310 | +€9,933 | +1.9% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €512,377 | €522,310 | +€9,933 | +1.9% |
| Amounts payable | 17/49 | €3,000 | €18,022 | +€15,022 | +500.7% |
| Amounts payable within one year | 42/48 | - | €16,535 | +€16,535 | |
| Trade debts | 44 | - | €15,000 | +€15,000 | |
| Suppliers | 440/4 | - | €15,000 | +€15,000 | |
| Taxes, remuneration and social security | 45 | - | €1,535 | +€1,535 | |
| Taxes | 450/3 | - | €1,535 | +€1,535 | |
| Accrued charges and deferred income | 492/3 | €3,000 | €1,487 | -€1,513 | -50.4% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | -€2,155 | -€16,953 | -€14,798 | -686.5% |
| Operating profit (loss) | 9901 | -€2,217 | -€17,015 | -€14,798 | -667.3% |
| Financial income | 75/76B | €1,698 | €30,635 | +€28,937 | +1704.1% |
| Recurring financial income | 75 | €1,698 | €30,635 | +€28,937 | +1704.1% |
| Financial charges | 65/66B | €69 | €404 | +€335 | +485.5% |
| Recurring financial charges | 65 | €69 | €404 | +€335 | +485.5% |
| Profit (loss) for the period before taxes | 9903 | -€588 | €13,216 | +€13,805 | |
| Income taxes | 67/77 | - | €3,284 | +€3,284 | |
| Profit (loss) for the period | 9904 | -€588 | €9,933 | +€10,521 | |
| Profit (loss) for the period to be appropriated | 9905 | -€588 | €9,933 | +€10,521 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.