Bora International Services: 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 International Services
Largest movements
- Tangible fixed assets -€130,993
down €130,993 (-31.1%), from €421,329 to €290,337
of which Furniture and vehicles: -€85,885
- Receivables within one year -€98,845
down €98,845 (-35.0%), from €282,566 to €183,720
of which Trade receivables: -€128,076
- Deferred charges and accrued income +€10,600
up €10,600 (+4,312%), from €246 to €10,846
- Cash +€8,294
new in 2025: €8,294
mainly Depreciation (+€135,818) and Receivables within one year (+€98,845)
- Trade debts -€82,780
down €82,780 (-50.3%), from €164,532 to €81,753
- Current portion of long-term debt -€67,254
down €67,254 (-53.9%), from €124,822 to €57,568
- Debts after one year -€52,784
no longer reported in 2025 (was €52,784)
- Short-term financial debts -€29,489
no longer reported in 2025 (was €29,489)
- Profit (loss) carried forward +€15,934
up €15,934 (+6.7%), from €238,309 to €254,243
- Gross operating margin +€150,502
up €150,502 (+29.5%), from €510,874 to €661,376
- Other operating charges +€71,494
up €71,494 (+903%), from €7,915 to €79,409
- Depreciation +€38,967
up €38,967 (+40.2%), from €96,850 to €135,818
- Staff costs +€31,994
up €31,994 (+8.9%), from €360,045 to €392,038
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 | €716,221 | €505,277 | -€210,944 | -29.5% |
| Fixed assets | 21/28 | €433,409 | €302,417 | -€130,993 | -30.2% |
| Tangible fixed assets | 22/27 | €421,329 | €290,337 | -€130,993 | -31.1% |
| Furniture and vehicles | 24 | €350,321 | €264,437 | -€85,885 | -24.5% |
| Leasing and similar rights | 25 | €71,008 | €25,900 | -€45,108 | -63.5% |
| Financial fixed assets | 28 | €12,080 | €12,080 | = | 0.0% |
| Current assets | 29/58 | €282,811 | €202,860 | -€79,951 | -28.3% |
| Amounts receivable within one year | 40/41 | €282,566 | €183,720 | -€98,845 | -35.0% |
| Trade receivables | 40 | €254,889 | €126,812 | -€128,076 | -50.2% |
| Other amounts receivable | 41 | €27,677 | €56,908 | +€29,231 | +106% |
| Cash at bank and in hand | 54/58 | - | €8,294 | +€8,294 | |
| Deferred charges and accrued income | 490/1 | €246 | €10,846 | +€10,600 | +4,312% |
| Total equity and liabilities | 10/49 | €716,221 | €505,277 | -€210,944 | -29.5% |
| Equity | 10/15 | €258,769 | €274,703 | +€15,934 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €238,309 | €254,243 | +€15,934 | +6.7% |
| Amounts payable | 17/49 | €457,452 | €230,573 | -€226,878 | -49.6% |
| Amounts payable after more than one year | 17 | €52,784 | - | -€52,784 | |
| Financial debts | 170/4 | €52,784 | - | -€52,784 | |
| Amounts payable within one year | 42/48 | €403,770 | €229,676 | -€174,094 | -43.1% |
| Current portion of amounts payable after more than one year | 42 | €124,822 | €57,568 | -€67,254 | -53.9% |
| Financial debts | 43 | €29,489 | - | -€29,489 | |
| Credit institutions | 430/8 | €29,489 | - | -€29,489 | |
| Trade debts | 44 | €164,532 | €81,753 | -€82,780 | -50.3% |
| Suppliers | 440/4 | €164,532 | €81,753 | -€82,780 | -50.3% |
| Taxes, remuneration and social security | 45 | €54,430 | €65,355 | +€10,925 | +20.1% |
| Taxes | 450/3 | €3,368 | €5,667 | +€2,299 | +68.3% |
| Remuneration and social security | 454/9 | €51,062 | €59,688 | +€8,626 | +16.9% |
| Other amounts payable | 47/48 | €30,497 | €25,000 | -€5,497 | -18.0% |
| Accrued charges and deferred income | 492/3 | €898 | €898 | = | 0.0% |
| Non-recurring operating income | 76A | - | €4,300 | +€4,300 | |
| Remuneration, social security and pensions | 62 | €360,045 | €392,038 | +€31,994 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,850 | €135,818 | +€38,967 | +40.2% |
| Other operating charges | 640/8 | €7,915 | €79,409 | +€71,494 | +903% |
| Gross operating margin | 9900 | €510,874 | €661,376 | +€150,502 | +29.5% |
| Operating profit (loss) | 9901 | €46,064 | €54,112 | +€8,047 | +17.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,755 | €7,439 | -€1,316 | -15.0% |
| Recurring financial charges | 65 | €8,755 | €7,439 | -€1,316 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €37,310 | €46,673 | +€9,363 | +25.1% |
| Income taxes | 67/77 | €3,368 | €5,738 | +€2,370 | +70.4% |
| Profit (loss) for the period | 9904 | €33,942 | €40,934 | +€6,993 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,942 | €40,934 | +€6,993 | +20.6% |
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 26 October 2026 via checked.be.