BORAAR: 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.
BORAAR
Largest movements
- Cash +€40,498
up €40,498 (+50.8%), from €79,789 to €120,287
mainly Depreciation (+€21,698) and Net result for the year (+€10,153)
- Tangible fixed assets -€20,329
down €20,329 (-27.6%), from €73,673 to €53,344
of which Furniture and vehicles: -€19,458
- Stocks and contracts -€7,217
down €7,217 (-54.6%), from €13,213 to €5,996
- Reserves +€10,153
up €10,153 (+16.7%), from €60,831 to €70,984
- Tax, wage and social debts +€4,175
up €4,175 (+82.4%), from €5,067 to €9,242
- Gross operating margin +€7,840
up €7,840 (+26.4%), from €29,670 to €37,510
- Depreciation +€4,220
up €4,220 (+24.1%), from €17,479 to €21,698
- Taxes +€741
up €741 (+37.9%), from €1,958 to €2,699
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 | €189,447 | €202,109 | +€12,663 | +6.7% |
| Fixed assets | 21/28 | €73,673 | €53,344 | -€20,329 | -27.6% |
| Tangible fixed assets | 22/27 | €73,673 | €53,344 | -€20,329 | -27.6% |
| Land and buildings | 22 | €7,765 | €7,743 | -€22 | -0.3% |
| Plant, machinery and equipment | 23 | €6,618 | €5,769 | -€849 | -12.8% |
| Furniture and vehicles | 24 | €59,290 | €39,832 | -€19,458 | -32.8% |
| Current assets | 29/58 | €115,774 | €148,765 | +€32,991 | +28.5% |
| Stocks and contracts in progress | 3 | €13,213 | €5,996 | -€7,217 | -54.6% |
| Stocks | 30/36 | €13,213 | €5,996 | -€7,217 | -54.6% |
| Amounts receivable within one year | 40/41 | €20,352 | €19,823 | -€529 | -2.6% |
| Trade receivables | 40 | €20,352 | €19,823 | -€529 | -2.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €79,789 | €120,287 | +€40,498 | +50.8% |
| Deferred charges and accrued income | 490/1 | €2,420 | €2,659 | +€239 | +9.9% |
| Total equity and liabilities | 10/49 | €189,447 | €202,109 | +€12,663 | +6.7% |
| Equity | 10/15 | €105,452 | €115,605 | +€10,153 | +9.6% |
| Contributions | 10/11 | €44,621 | €44,621 | = | 0.0% |
| Reserves | 13 | €60,831 | €70,984 | +€10,153 | +16.7% |
| Distributable reserves | 133 | €60,831 | €70,984 | +€10,153 | +16.7% |
| Amounts payable | 17/49 | €83,995 | €86,505 | +€2,510 | +3.0% |
| Amounts payable within one year | 42/48 | €83,995 | €86,505 | +€2,510 | +3.0% |
| Trade debts | 44 | €8,900 | €7,260 | -€1,640 | -18.4% |
| Suppliers | 440/4 | €8,900 | €7,260 | -€1,640 | -18.4% |
| Taxes, remuneration and social security | 45 | €5,067 | €9,242 | +€4,175 | +82.4% |
| Taxes | 450/3 | €5,067 | €9,242 | +€4,175 | +82.4% |
| Other amounts payable | 47/48 | €70,028 | €70,003 | -€25 | 0.0% |
| Non-recurring operating income | 76A | €2,066 | €0 | -€2,066 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,479 | €21,698 | +€4,220 | +24.1% |
| Other operating charges | 640/8 | €2,772 | €2,827 | +€55 | +2.0% |
| Gross operating margin | 9900 | €29,670 | €37,510 | +€7,840 | +26.4% |
| Operating profit (loss) | 9901 | €9,420 | €12,985 | +€3,565 | +37.8% |
| Financial income | 75/76B | €0 | €15 | +€15 | |
| Recurring financial income | 75 | €0 | €15 | +€15 | |
| Financial charges | 65/66B | €140 | €148 | +€7 | +5.3% |
| Recurring financial charges | 65 | €140 | €148 | +€7 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €9,280 | €12,852 | +€3,572 | +38.5% |
| Income taxes | 67/77 | €1,958 | €2,699 | +€741 | +37.9% |
| Profit (loss) for the period | 9904 | €7,322 | €10,153 | +€2,831 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,322 | €10,153 | +€2,831 | +38.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.