Borall: 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.
What changed
Borall
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€4,263
2024 · €5,292-€9,555
Equity
€509,015
2024 · €513,278-€4,263
Cash
€23,185
2024 · €34,056-€10,871
Balance sheet total
€1.2m
2024 · €1.2m-€27,748
Largest movements
Assets
- Tangible fixed assets -€17,256
down €17,256 (-1.9%), from €911,405 to €894,149
of which Land and buildings: -€17,120
Equity and liabilities
- Other debts -€26,429
down €26,429 (-4.0%), from €657,324 to €630,895
Income statement
- Gross operating margin -€12,398
down €12,398 (-23.3%), from €53,247 to €40,849
- Taxes -€3,151
down €3,151 (-42.5%), from €7,408 to €4,258
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.
Result 2024
€5,292
Gross operating margin
-€12,398
Depreciation
-€331
Other operating charges
-€25
Financial income
+€63
Financial charges
-€16
Taxes
+€3,151
Result 2025
-€4,263
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.
From operations
+€6,821
Investment
-€17,693
Financing
€0
Cash 2024
€34,056
From operations (derived)
+€6,821
Net result for the year
-€4,263
Depreciation
+€35,348
Receivables within one year
-€175
Deferred charges and accrued income
-€604
Provisions
-€5,320
Trade debts
+€3,306
Tax, wage and social debts
+€4,258
Other debts
-€26,429
Accrued charges and deferred income
+€700
Investment (derived)
-€17,693
Investment in fixed assets (net)
-€17,693
Cash 2025
€23,185
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,235,786 | €1,208,038 | -€27,748 | -2.2% |
| Fixed assets | 21/28 | €911,805 | €894,149 | -€17,656 | -1.9% |
| Tangible fixed assets | 22/27 | €911,405 | €894,149 | -€17,256 | -1.9% |
| Land and buildings | 22 | €909,766 | €892,647 | -€17,120 | -1.9% |
| Plant, machinery and equipment | 23 | €865 | €501 | -€364 | -42.0% |
| Furniture and vehicles | 24 | €774 | €1,001 | +€228 | +29.4% |
| Financial fixed assets | 28 | €400 | €0 | -€400 | -100.0% |
| Current assets | 29/58 | €323,981 | €313,888 | -€10,092 | -3.1% |
| Amounts receivable within one year | 40/41 | €289,319 | €289,494 | +€175 | +0.1% |
| Other amounts receivable | 41 | €289,319 | €289,494 | +€175 | +0.1% |
| Cash at bank and in hand | 54/58 | €34,056 | €23,185 | -€10,871 | -31.9% |
| Deferred charges and accrued income | 490/1 | €605 | €1,210 | +€604 | +99.8% |
| Total equity and liabilities | 10/49 | €1,235,786 | €1,208,038 | -€27,748 | -2.2% |
| Equity | 10/15 | €513,278 | €509,015 | -€4,263 | -0.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €451,305 | €447,042 | -€4,263 | -0.9% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €195,156 | €179,197 | -€15,959 | -8.2% |
| Distributable reserves | 133 | €249,951 | €261,647 | +€11,696 | +4.7% |
| Provisions and deferred taxes | 16 | €65,052 | €59,732 | -€5,320 | -8.2% |
| Deferred taxes | 168 | €65,052 | €59,732 | -€5,320 | -8.2% |
| Amounts payable | 17/49 | €657,456 | €639,290 | -€18,165 | -2.8% |
| Amounts payable within one year | 42/48 | €657,456 | €638,590 | -€18,865 | -2.9% |
| Trade debts | 44 | €132 | €3,438 | +€3,306 | +2504.2% |
| Suppliers | 440/4 | €132 | €3,438 | +€3,306 | +2504.2% |
| Taxes, remuneration and social security | 45 | - | €4,258 | +€4,258 | |
| Taxes | 450/3 | - | €4,258 | +€4,258 | |
| Other amounts payable | 47/48 | €657,324 | €630,895 | -€26,429 | -4.0% |
| Accrued charges and deferred income | 492/3 | €0 | €700 | +€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,018 | €35,348 | +€331 | +0.9% |
| Other operating charges | 640/8 | €11,949 | €11,973 | +€25 | +0.2% |
| Gross operating margin | 9900 | €53,247 | €40,849 | -€12,398 | -23.3% |
| Operating profit (loss) | 9901 | €6,280 | -€6,472 | -€12,753 | |
| Financial income | 75/76B | €1,457 | €1,520 | +€63 | +4.3% |
| Recurring financial income | 75 | €1,457 | €1,520 | +€63 | +4.3% |
| Financial charges | 65/66B | €357 | €373 | +€16 | +4.4% |
| Recurring financial charges | 65 | €357 | €373 | +€16 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €7,380 | -€5,325 | -€12,705 | |
| Transfer from deferred taxes | 780 | €5,320 | €5,320 | = | 0.0% |
| Income taxes | 67/77 | €7,408 | €4,258 | -€3,151 | -42.5% |
| Profit (loss) for the period | 9904 | €5,292 | -€4,263 | -€9,555 | |
| Transfer from tax-exempt reserves | 789 | €15,959 | €15,959 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,251 | €11,696 | -€9,555 | -45.0% |
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 28 September 2026 via checked.be.