BORA CONSTRUCT: 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.
BORA CONSTRUCT
Largest movements
- Receivables within one year +€50,729
up €50,729 (+15.7%), from €322,782 to €373,511
of which Trade receivables: +€34,927
- Cash -€13,863
down €13,863 (-94.0%), from €14,752 to €889
mainly Receivables within one year (-€50,729) and Trade debts (-€30,851)
- Tangible fixed assets -€11,278
down €11,278 (-36.4%), from €30,974 to €19,696
of which Furniture and vehicles: -€11,042
- Profit (loss) carried forward +€57,293
up €57,293 (+28.3%), from €202,689 to €259,982
- Trade debts -€30,851
down €30,851 (-36.5%), from €84,424 to €53,573
- Debts after one year -€13,651
down €13,651 (-73.7%), from €18,526 to €4,875
- Tax, wage and social debts +€10,266
up €10,266 (+25.9%), from €39,638 to €49,904
of which Taxes: +€8,616
- Other operating charges -€13,265
down €13,265 (-89.2%), from €14,871 to €1,606
- Financial income +€9,815
up €9,815 (+489.3%), from €2,006 to €11,821
- Taxes +€9,377
up €9,377 (+59.4%), from €15,788 to €25,165
- Write-downs -€6,000
no longer reported in 2025 (was €6,000)
- Gross operating margin +€5,955
up €5,955 (+6.7%), from €88,758 to €94,713
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 | €369,072 | €394,871 | +€25,799 | +7.0% |
| Fixed assets | 21/28 | €30,974 | €19,696 | -€11,278 | -36.4% |
| Tangible fixed assets | 22/27 | €30,974 | €19,696 | -€11,278 | -36.4% |
| Plant, machinery and equipment | 23 | €351 | €115 | -€236 | -67.2% |
| Furniture and vehicles | 24 | €30,623 | €19,581 | -€11,042 | -36.1% |
| Current assets | 29/58 | €338,098 | €375,175 | +€37,077 | +11.0% |
| Amounts receivable within one year | 40/41 | €322,782 | €373,511 | +€50,729 | +15.7% |
| Trade receivables | 40 | €107,547 | €142,474 | +€34,927 | +32.5% |
| Other amounts receivable | 41 | €215,235 | €231,037 | +€15,802 | +7.3% |
| Cash at bank and in hand | 54/58 | €14,752 | €889 | -€13,863 | -94.0% |
| Deferred charges and accrued income | 490/1 | €564 | €775 | +€211 | +37.4% |
| Total equity and liabilities | 10/49 | €369,072 | €394,871 | +€25,799 | +7.0% |
| Equity | 10/15 | €208,889 | €266,182 | +€57,293 | +27.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,689 | €259,982 | +€57,293 | +28.3% |
| Amounts payable | 17/49 | €160,183 | €128,689 | -€31,494 | -19.7% |
| Amounts payable after more than one year | 17 | €18,526 | €4,875 | -€13,651 | -73.7% |
| Financial debts | 170/4 | €18,526 | €4,875 | -€13,651 | -73.7% |
| Amounts payable within one year | 42/48 | €141,657 | €123,814 | -€17,843 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €13,697 | €13,650 | -€47 | -0.3% |
| Trade debts | 44 | €84,424 | €53,573 | -€30,851 | -36.5% |
| Suppliers | 440/4 | €84,424 | €53,573 | -€30,851 | -36.5% |
| Taxes, remuneration and social security | 45 | €39,638 | €49,904 | +€10,266 | +25.9% |
| Taxes | 450/3 | €32,588 | €41,204 | +€8,616 | +26.4% |
| Remuneration and social security | 454/9 | €7,050 | €8,700 | +€1,650 | +23.4% |
| Other amounts payable | 47/48 | €3,898 | €6,687 | +€2,789 | +71.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,339 | €20,692 | +€1,353 | +7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,000 | - | -€6,000 | |
| Other operating charges | 640/8 | €14,871 | €1,606 | -€13,265 | -89.2% |
| Gross operating margin | 9900 | €88,758 | €94,713 | +€5,955 | +6.7% |
| Operating profit (loss) | 9901 | €48,548 | €72,415 | +€23,867 | +49.2% |
| Financial income | 75/76B | €2,006 | €11,821 | +€9,815 | +489.3% |
| Recurring financial income | 75 | €2,006 | €11,821 | +€9,815 | +489.3% |
| Financial charges | 65/66B | €2,190 | €1,778 | -€412 | -18.8% |
| Recurring financial charges | 65 | €2,190 | €1,778 | -€412 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €48,364 | €82,458 | +€34,094 | +70.5% |
| Income taxes | 67/77 | €15,788 | €25,165 | +€9,377 | +59.4% |
| Profit (loss) for the period | 9904 | €32,576 | €57,293 | +€24,717 | +75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,576 | €57,293 | +€24,717 | +75.9% |
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 11 October 2026 via checked.be.