BORAIDA: 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.
BORAIDA
Largest movements
- Cash +€14,495
up €14,495 (+16.5%), from €88,070 to €102,565
mainly Net result for the year (+€23,733) and Depreciation (+€6,195)
- Tangible fixed assets -€6,195
down €6,195 (-25.8%), from €23,999 to €17,804
of which Furniture and vehicles: -€4,575
- Receivables within one year +€4,678
up €4,678 (+10.7%), from €43,538 to €48,216
- Profit (loss) carried forward +€23,733
up €23,733 (+22.1%), from €107,332 to €131,065
- Trade debts -€17,495
down €17,495 (-79.9%), from €21,890 to €4,395
- Tax, wage and social debts +€5,290
up €5,290 (+37.5%), from €14,125 to €19,415
of which Taxes: +€5,272
- Staff costs +€20,643
up €20,643 (+79.7%), from €25,914 to €46,557
- Gross operating margin +€18,995
up €18,995 (+28.8%), from €66,003 to €84,998
- Other operating charges -€1,835
down €1,835 (-53.3%), from €3,440 to €1,605
- Depreciation +€852
up €852 (+16.0%), from €5,343 to €6,195
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €155,607 | €168,586 | +€12,978 | +8.3% |
| Fixed assets | 21/28 | €23,999 | €17,804 | -€6,195 | -25.8% |
| Tangible fixed assets | 22/27 | €23,999 | €17,804 | -€6,195 | -25.8% |
| Plant, machinery and equipment | 23 | €1,467 | €978 | -€489 | -33.3% |
| Furniture and vehicles | 24 | €20,774 | €16,199 | -€4,575 | -22.0% |
| Other tangible fixed assets | 26 | €1,758 | €626 | -€1,131 | -64.4% |
| Current assets | 29/58 | €131,609 | €150,782 | +€19,173 | +14.6% |
| Amounts receivable within one year | 40/41 | €43,538 | €48,216 | +€4,678 | +10.7% |
| Other amounts receivable | 41 | €43,538 | €48,216 | +€4,678 | +10.7% |
| Cash at bank and in hand | 54/58 | €88,070 | €102,565 | +€14,495 | +16.5% |
| Total equity and liabilities | 10/49 | €155,607 | €168,586 | +€12,978 | +8.3% |
| Equity | 10/15 | €115,392 | €139,125 | +€23,733 | +20.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €18,600 | +€12,400 | +200% |
| Uncalled capital | 101 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,332 | €131,065 | +€23,733 | +22.1% |
| Amounts payable | 17/49 | €40,215 | €29,460 | -€10,755 | -26.7% |
| Amounts payable within one year | 42/48 | €36,015 | €23,810 | -€12,205 | -33.9% |
| Trade debts | 44 | €21,890 | €4,395 | -€17,495 | -79.9% |
| Suppliers | 440/4 | €21,890 | €4,395 | -€17,495 | -79.9% |
| Taxes, remuneration and social security | 45 | €14,125 | €19,415 | +€5,290 | +37.5% |
| Taxes | 450/3 | €12,875 | €18,147 | +€5,272 | +40.9% |
| Remuneration and social security | 454/9 | €1,250 | €1,268 | +€18 | +1.5% |
| Accrued charges and deferred income | 492/3 | €4,200 | €5,650 | +€1,450 | +34.5% |
| Remuneration, social security and pensions | 62 | €25,914 | €46,557 | +€20,643 | +79.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,343 | €6,195 | +€852 | +16.0% |
| Other operating charges | 640/8 | €3,440 | €1,605 | -€1,835 | -53.3% |
| Gross operating margin | 9900 | €66,003 | €84,998 | +€18,995 | +28.8% |
| Operating profit (loss) | 9901 | €31,306 | €30,641 | -€665 | -2.1% |
| Financial charges | 65/66B | €316 | €163 | -€153 | -48.4% |
| Recurring financial charges | 65 | €316 | €163 | -€153 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €30,989 | €30,478 | -€512 | -1.7% |
| Income taxes | 67/77 | €6,684 | €6,744 | +€60 | +0.9% |
| Profit (loss) for the period | 9904 | €24,305 | €23,733 | -€572 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,305 | €23,733 | -€572 | -2.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.