BORAN & BERAT: 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.
BORAN & BERAT
Largest movements
- Receivables within one year +€24,053
up €24,053 (+27.7%), from €86,912 to €110,965
of which Other amounts receivable: +€24,799
- Cash +€5,287
up €5,287 (+530%), from €997 to €6,283
mainly Net result for the year (+€33,188) and Tax, wage and social debts (+€3,347)
- Tangible fixed assets +€1,297
up €1,297 (+28.4%), from €4,572 to €5,870
of which Other tangible fixed assets: +€2,909
- Profit (loss) carried forward +€33,188
up €33,188 (+96.0%), from €34,585 to €67,774
- Trade debts -€4,678
down €4,678 (-11.1%), from €42,239 to €37,561
- Tax, wage and social debts +€3,347
up €3,347 (+53.0%), from €6,314 to €9,661
of which Taxes: +€3,247
- Gross operating margin +€57,334
up €57,334 (+1,115%), from €5,141 to €62,475
- Staff costs -€8,302
down €8,302 (-41.5%), from €20,019 to €11,717
- Taxes +€5,077
new in 2025: €5,077
- Other operating charges +€5,003
up €5,003 (+163%), from €3,076 to €8,079
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.
Derived cash bridge
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 | €98,799 | €129,563 | +€30,764 | +31.1% |
| Fixed assets | 21/28 | €4,572 | €5,870 | +€1,297 | +28.4% |
| Tangible fixed assets | 22/27 | €4,572 | €5,870 | +€1,297 | +28.4% |
| Furniture and vehicles | 24 | €4,242 | €2,631 | -€1,612 | -38.0% |
| Other tangible fixed assets | 26 | €330 | €3,239 | +€2,909 | +881% |
| Current assets | 29/58 | €94,227 | €123,693 | +€29,466 | +31.3% |
| Stocks and contracts in progress | 3 | €6,319 | €6,445 | +€126 | +2.0% |
| Stocks | 30/36 | €6,319 | €6,445 | +€126 | +2.0% |
| Amounts receivable within one year | 40/41 | €86,912 | €110,965 | +€24,053 | +27.7% |
| Trade receivables | 40 | €746 | - | -€746 | |
| Other amounts receivable | 41 | €86,166 | €110,965 | +€24,799 | +28.8% |
| Cash at bank and in hand | 54/58 | €997 | €6,283 | +€5,287 | +530% |
| Total equity and liabilities | 10/49 | €98,799 | €129,563 | +€30,764 | +31.1% |
| Equity | 10/15 | €49,145 | €82,334 | +€33,188 | +67.5% |
| Contributions | 10/11 | €12,700 | €12,700 | = | 0.0% |
| Contributions outside capital | 11 | €12,700 | €12,700 | = | 0.0% |
| Other | 1109/19 | €12,700 | €12,700 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,585 | €67,774 | +€33,188 | +96.0% |
| Amounts payable | 17/49 | €49,654 | €47,229 | -€2,424 | -4.9% |
| Amounts payable within one year | 42/48 | €49,654 | €47,229 | -€2,424 | -4.9% |
| Financial debts | 43 | €1,101 | - | -€1,101 | |
| Credit institutions | 430/8 | €1,101 | - | -€1,101 | |
| Trade debts | 44 | €42,239 | €37,561 | -€4,678 | -11.1% |
| Suppliers | 440/4 | €42,239 | €37,561 | -€4,678 | -11.1% |
| Taxes, remuneration and social security | 45 | €6,314 | €9,661 | +€3,347 | +53.0% |
| Taxes | 450/3 | €6,139 | €9,387 | +€3,247 | +52.9% |
| Remuneration and social security | 454/9 | €174 | €274 | +€100 | +57.2% |
| Other amounts payable | 47/48 | - | €8 | +€8 | |
| Remuneration, social security and pensions | 62 | €20,019 | €11,717 | -€8,302 | -41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,113 | €2,971 | -€143 | -4.6% |
| Other operating charges | 640/8 | €3,076 | €8,079 | +€5,003 | +163% |
| Gross operating margin | 9900 | €5,141 | €62,475 | +€57,334 | +1,115% |
| Operating profit (loss) | 9901 | -€21,067 | €39,709 | +€60,776 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,408 | €1,444 | +€36 | +2.6% |
| Recurring financial charges | 65 | €1,408 | €1,444 | +€36 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€22,475 | €38,265 | +€60,740 | |
| Income taxes | 67/77 | - | €5,077 | +€5,077 | |
| Profit (loss) for the period | 9904 | -€22,475 | €33,188 | +€55,663 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,475 | €33,188 | +€55,663 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.