BORAMA: 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.
BORAMA
Largest movements
- Receivables within one year -€10,063
down €10,063 (-34.3%), from €29,376 to €19,313
of which Trade receivables: -€19,301
- Cash -€5,703
down €5,703 (-22.5%), from €25,382 to €19,679
mainly Debts after one year (-€11,774) and Trade debts (-€7,825)
- Debts after one year -€11,774
down €11,774 (-24.6%), from €47,774 to €36,000
- Trade debts -€7,825
down €7,825 (-16.2%), from €48,351 to €40,526
- Tax, wage and social debts +€3,637
up €3,637 (+24.5%), from €14,858 to €18,495
of which Remuneration and social security: +€2,783
- Other operating charges +€21,291
up €21,291 (+2921.4%), from €729 to €22,020
- Gross operating margin -€11,974
down €11,974 (-11.0%), from €109,007 to €97,033
- Taxes -€9,189
down €9,189 (-98.4%), from €9,340 to €150
- Staff costs +€4,565
up €4,565 (+6.5%), from €70,424 to €74,988
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 | €217,042 | €198,546 | -€18,496 | -8.5% |
| Fixed assets | 21/28 | €3,879 | €2,631 | -€1,248 | -32.2% |
| Tangible fixed assets | 22/27 | €3,749 | €2,501 | -€1,248 | -33.3% |
| Furniture and vehicles | 24 | €967 | €372 | -€596 | -61.6% |
| Other tangible fixed assets | 26 | €2,781 | €2,129 | -€652 | -23.4% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €213,163 | €195,915 | -€17,248 | -8.1% |
| Stocks and contracts in progress | 3 | €158,406 | €156,923 | -€1,483 | -0.9% |
| Stocks | 30/36 | €158,406 | €156,923 | -€1,483 | -0.9% |
| Amounts receivable within one year | 40/41 | €29,376 | €19,313 | -€10,063 | -34.3% |
| Trade receivables | 40 | €27,643 | €8,343 | -€19,301 | -69.8% |
| Other amounts receivable | 41 | €1,732 | €10,970 | +€9,238 | +533.3% |
| Cash at bank and in hand | 54/58 | €25,382 | €19,679 | -€5,703 | -22.5% |
| Total equity and liabilities | 10/49 | €217,042 | €198,546 | -€18,496 | -8.5% |
| Equity | 10/15 | €99,676 | €97,641 | -€2,035 | -2.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €49,000 | €47,000 | -€2,000 | -4.1% |
| Distributable reserves | 133 | €49,000 | €47,000 | -€2,000 | -4.1% |
| Profit (loss) carried forward | 14 | €676 | €641 | -€35 | -5.2% |
| Amounts payable | 17/49 | €117,366 | €100,905 | -€16,461 | -14.0% |
| Amounts payable after more than one year | 17 | €47,774 | €36,000 | -€11,774 | -24.6% |
| Financial debts | 170/4 | €47,774 | €36,000 | -€11,774 | -24.6% |
| Amounts payable within one year | 42/48 | €69,592 | €64,905 | -€4,687 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €2,200 | €1,324 | -€877 | -39.8% |
| Financial debts | 43 | €2,183 | €2,560 | +€377 | +17.3% |
| Credit institutions | 430/8 | €2,183 | €2,560 | +€377 | +17.3% |
| Trade debts | 44 | €48,351 | €40,526 | -€7,825 | -16.2% |
| Suppliers | 440/4 | €48,351 | €40,526 | -€7,825 | -16.2% |
| Taxes, remuneration and social security | 45 | €14,858 | €18,495 | +€3,637 | +24.5% |
| Taxes | 450/3 | €4,614 | €5,468 | +€854 | +18.5% |
| Remuneration and social security | 454/9 | €10,244 | €13,027 | +€2,783 | +27.2% |
| Other amounts payable | 47/48 | €2,000 | €2,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €70,424 | €74,988 | +€4,565 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,612 | €1,248 | -€365 | -22.6% |
| Other operating charges | 640/8 | €729 | €22,020 | +€21,291 | +2921.4% |
| Gross operating margin | 9900 | €109,007 | €97,033 | -€11,974 | -11.0% |
| Operating profit (loss) | 9901 | €36,242 | -€1,223 | -€37,465 | |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €743 | €674 | -€69 | -9.3% |
| Recurring financial charges | 65 | €743 | €674 | -€69 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €35,499 | -€1,885 | -€37,384 | |
| Income taxes | 67/77 | €9,340 | €150 | -€9,189 | -98.4% |
| Profit (loss) for the period | 9904 | €26,160 | -€2,035 | -€28,195 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,160 | -€2,035 | -€28,195 |
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 8 October 2026 via checked.be.