BORABO: 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.
BORABO
Largest movements
- Current investments +€562,010
up €562,010 (+435.5%), from €129,058 to €691,068
- Cash -€71,928
down €71,928 (-79.3%), from €90,650 to €18,722
mainly Current investments (-€562,010) and Receivables within one year (-€6,009)
- Tangible fixed assets -€69,573
down €69,573 (-7.1%), from €984,351 to €914,778
of which Land and buildings: -€69,048
- Reserves +€384,000
up €384,000 (+21021.2%), from €1,827 to €385,827
of which Distributable reserves: +€384,000
- Trade debts +€30,480
up €30,480 (+19159.0%), from €159 to €30,639
- Gross operating margin +€508,702
up €508,702 (+370.5%), from €137,317 to €646,019
- Taxes +€163,683
up €163,683 (+1072.1%), from €15,268 to €178,951
- Other operating charges +€22,517
up €22,517 (+105.3%), from €21,389 to €43,907
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 | €1,206,740 | €1,633,540 | +€426,800 | +35.4% |
| Fixed assets | 21/28 | €984,351 | €914,778 | -€69,573 | -7.1% |
| Tangible fixed assets | 22/27 | €984,351 | €914,778 | -€69,573 | -7.1% |
| Land and buildings | 22 | €980,330 | €911,282 | -€69,048 | -7.0% |
| Plant, machinery and equipment | 23 | €4,021 | €3,496 | -€525 | -13.1% |
| Current assets | 29/58 | €222,389 | €718,762 | +€496,373 | +223.2% |
| Amounts receivable within one year | 40/41 | - | €6,009 | +€6,009 | |
| Other amounts receivable | 41 | - | €6,009 | +€6,009 | |
| Current investments | 50/53 | €129,058 | €691,068 | +€562,010 | +435.5% |
| Cash at bank and in hand | 54/58 | €90,650 | €18,722 | -€71,928 | -79.3% |
| Deferred charges and accrued income | 490/1 | €2,681 | €2,963 | +€282 | +10.5% |
| Total equity and liabilities | 10/49 | €1,206,740 | €1,633,540 | +€426,800 | +35.4% |
| Equity | 10/15 | €1,180,915 | €1,564,926 | +€384,011 | +32.5% |
| Contributions | 10/11 | €538,959 | €538,959 | = | 0.0% |
| Reserves | 13 | €1,827 | €385,827 | +€384,000 | +21021.2% |
| Tax-exempt reserves | 132 | €1,827 | €1,827 | = | 0.0% |
| Distributable reserves | 133 | - | €384,000 | +€384,000 | |
| Profit (loss) carried forward | 14 | €640,130 | €640,141 | +€11 | 0.0% |
| Amounts payable | 17/49 | €25,825 | €68,614 | +€42,789 | +165.7% |
| Amounts payable after more than one year | 17 | €5,037 | €5,037 | = | 0.0% |
| Other amounts payable | 178/9 | €5,037 | €5,037 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,788 | €57,577 | +€36,789 | +177.0% |
| Trade debts | 44 | €159 | €30,639 | +€30,480 | +19159.0% |
| Suppliers | 440/4 | €159 | €30,639 | +€30,480 | +19159.0% |
| Taxes, remuneration and social security | 45 | €17,532 | €23,841 | +€6,309 | +36.0% |
| Taxes | 450/3 | €17,532 | €17,492 | -€40 | -0.2% |
| Remuneration and social security | 454/9 | - | €6,349 | +€6,349 | |
| Other amounts payable | 47/48 | €3,097 | €3,097 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €6,000 | +€6,000 | |
| Non-recurring operating income | 76A | - | €564,824 | +€564,824 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,800 | €40,369 | -€431 | -1.1% |
| Other operating charges | 640/8 | €21,389 | €43,907 | +€22,517 | +105.3% |
| Gross operating margin | 9900 | €137,317 | €646,019 | +€508,702 | +370.5% |
| Operating profit (loss) | 9901 | €75,128 | €561,744 | +€486,616 | +647.7% |
| Financial income | 75/76B | €1,754 | €1,561 | -€194 | -11.1% |
| Recurring financial income | 75 | €163 | €1,561 | +€1,398 | +857.9% |
| Non-recurring financial income | 76B | €1,592 | - | -€1,592 | |
| Financial charges | 65/66B | €317 | €342 | +€25 | +7.8% |
| Recurring financial charges | 65 | €317 | €342 | +€25 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €76,565 | €562,962 | +€486,397 | +635.3% |
| Income taxes | 67/77 | €15,268 | €178,951 | +€163,683 | +1072.1% |
| Profit (loss) for the period | 9904 | €61,298 | €384,011 | +€322,713 | +526.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,298 | €384,011 | +€322,713 | +526.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.