BORA COWORKING: 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 COWORKING
Largest movements
- Tangible fixed assets -€11,419
down €11,419 (-16.2%), from €70,422 to €59,003
of which Furniture and vehicles: -€10,928
- Receivables within one year -€8,864
down €8,864 (-15.3%), from €57,832 to €48,968
of which Trade receivables: -€13,071
- Other debts +€37,536
up €37,536 (+33.9%), from €110,785 to €148,321
- Profit (loss) carried forward -€32,371
down €32,371 (-8.4%), from -€387,265 to -€419,636
- Trade debts -€28,172
down €28,172 (-7.1%), from €394,788 to €366,616
- Tax, wage and social debts +€5,092
up €5,092 (+93.1%), from €5,470 to €10,562
- Advances received -€3,957
no longer reported in 2025 (was €3,957)
- Gross operating margin +€41,982
up €41,982 (+88.2%), from -€47,607 to -€5,625
- Other operating charges +€2,465
up €2,465 (+118%), from €2,092 to €4,557
- Financial charges +€2,387
up €2,387 (+45.8%), from €5,209 to €7,596
- Depreciation +€1,118
up €1,118 (+8.3%), from €13,500 to €14,618
- Taxes +€889
new in 2025: €889
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 | €132,996 | €110,862 | -€22,134 | -16.6% |
| Formation expenses | 20 | €655 | - | -€655 | |
| Fixed assets | 21/28 | €71,043 | €59,208 | -€11,835 | -16.7% |
| Intangible fixed assets | 21 | €621 | €205 | -€416 | -67.0% |
| Tangible fixed assets | 22/27 | €70,422 | €59,003 | -€11,419 | -16.2% |
| Plant, machinery and equipment | 23 | €644 | €2,188 | +€1,543 | +240% |
| Furniture and vehicles | 24 | €55,229 | €44,301 | -€10,928 | -19.8% |
| Other tangible fixed assets | 26 | €14,549 | €12,515 | -€2,034 | -14.0% |
| Current assets | 29/58 | €61,298 | €51,654 | -€9,644 | -15.7% |
| Amounts receivable within one year | 40/41 | €57,832 | €48,968 | -€8,864 | -15.3% |
| Trade receivables | 40 | €56,144 | €43,072 | -€13,071 | -23.3% |
| Other amounts receivable | 41 | €1,688 | €5,896 | +€4,208 | +249% |
| Cash at bank and in hand | 54/58 | €2,024 | €881 | -€1,143 | -56.5% |
| Deferred charges and accrued income | 490/1 | €1,442 | €1,805 | +€363 | +25.2% |
| Total equity and liabilities | 10/49 | €132,996 | €110,862 | -€22,134 | -16.6% |
| Equity | 10/15 | -€382,265 | -€414,636 | -€32,371 | -8.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€387,265 | -€419,636 | -€32,371 | -8.4% |
| Amounts payable | 17/49 | €515,261 | €525,498 | +€10,238 | +2.0% |
| Amounts payable within one year | 42/48 | €515,261 | €525,498 | +€10,238 | +2.0% |
| Financial debts | 43 | €261 | - | -€261 | |
| Other loans | 439 | €261 | - | -€261 | |
| Trade debts | 44 | €394,788 | €366,616 | -€28,172 | -7.1% |
| Suppliers | 440/4 | €394,788 | €366,616 | -€28,172 | -7.1% |
| Advances received on contracts in progress | 46 | €3,957 | - | -€3,957 | |
| Taxes, remuneration and social security | 45 | €5,470 | €10,562 | +€5,092 | +93.1% |
| Taxes | 450/3 | €5,470 | €10,562 | +€5,092 | +93.1% |
| Other amounts payable | 47/48 | €110,785 | €148,321 | +€37,536 | +33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,500 | €14,618 | +€1,118 | +8.3% |
| Other operating charges | 640/8 | €2,092 | €4,557 | +€2,465 | +118% |
| Gross operating margin | 9900 | -€47,607 | -€5,625 | +€41,982 | +88.2% |
| Operating profit (loss) | 9901 | -€63,200 | -€24,801 | +€38,399 | +60.8% |
| Financial income | 75/76B | €650 | €914 | +€263 | +40.5% |
| Recurring financial income | 75 | €650 | €914 | +€263 | +40.5% |
| Financial charges | 65/66B | €5,209 | €7,596 | +€2,387 | +45.8% |
| Recurring financial charges | 65 | €5,209 | €7,596 | +€2,387 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | -€67,758 | -€31,483 | +€36,275 | +53.5% |
| Income taxes | 67/77 | - | €889 | +€889 | |
| Profit (loss) for the period | 9904 | -€67,758 | -€32,371 | +€35,387 | +52.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,758 | -€32,371 | +€35,387 | +52.2% |
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 31 October 2026 via checked.be.