BORAXIM: 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.
BORAXIM
Largest movements
- Cash +€71,704
up €71,704 (+6693.8%), from €1,071 to €72,775
mainly Receivables within one year (+€63,915) and Depreciation (+€24,661)
- Receivables within one year -€63,915
no longer reported in 2025 (was €63,915)
of which Trade receivables: -€41,891
- Tangible fixed assets -€24,661
down €24,661 (-12.3%), from €201,135 to €176,474
- Debts after one year -€22,632
down €22,632 (-79.5%), from €28,464 to €5,832
- Profit (loss) carried forward +€6,326
up €6,326 (+9.4%), from -€67,322 to -€60,996
- Gross operating margin +€10,360
up €10,360 (+40.1%), from €25,867 to €36,227
- Financial charges -€1,031
down €1,031 (-30.8%), from €3,349 to €2,318
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 | €266,121 | €249,249 | -€16,872 | -6.3% |
| Fixed assets | 21/28 | €201,135 | €176,474 | -€24,661 | -12.3% |
| Tangible fixed assets | 22/27 | €201,135 | €176,474 | -€24,661 | -12.3% |
| Land and buildings | 22 | €201,135 | €176,474 | -€24,661 | -12.3% |
| Current assets | 29/58 | €64,986 | €72,775 | +€7,789 | +12.0% |
| Amounts receivable within one year | 40/41 | €63,915 | - | -€63,915 | |
| Trade receivables | 40 | €41,891 | - | -€41,891 | |
| Other amounts receivable | 41 | €22,024 | - | -€22,024 | |
| Cash at bank and in hand | 54/58 | €1,071 | €72,775 | +€71,704 | +6693.8% |
| Total equity and liabilities | 10/49 | €266,121 | €249,249 | -€16,872 | -6.3% |
| Equity | 10/15 | €214,059 | €220,386 | +€6,326 | +3.0% |
| Contributions | 10/11 | €270,155 | €270,155 | = | 0.0% |
| Capital | 10 | €270,155 | €270,155 | = | 0.0% |
| Issued capital | 100 | €270,155 | €270,155 | = | 0.0% |
| Reserves | 13 | €11,226 | €11,226 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,226 | €11,226 | = | 0.0% |
| Legal reserve | 130 | €11,226 | €11,226 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,322 | -€60,996 | +€6,326 | +9.4% |
| Amounts payable | 17/49 | €52,061 | €28,864 | -€23,198 | -44.6% |
| Amounts payable after more than one year | 17 | €28,464 | €5,832 | -€22,632 | -79.5% |
| Financial debts | 170/4 | €28,464 | €5,832 | -€22,632 | -79.5% |
| Amounts payable within one year | 42/48 | €23,598 | €23,032 | -€566 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €21,559 | €22,632 | +€1,073 | +5.0% |
| Trade debts | 44 | €2,039 | €400 | -€1,639 | -80.4% |
| Suppliers | 440/4 | €2,039 | €400 | -€1,639 | -80.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,661 | €24,661 | = | 0.0% |
| Other operating charges | 640/8 | €3,237 | €2,922 | -€315 | -9.7% |
| Gross operating margin | 9900 | €25,867 | €36,227 | +€10,360 | +40.1% |
| Operating profit (loss) | 9901 | -€2,030 | €8,645 | +€10,675 | |
| Financial charges | 65/66B | €3,349 | €2,318 | -€1,031 | -30.8% |
| Recurring financial charges | 65 | €3,349 | €2,318 | -€1,031 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,380 | €6,326 | +€11,706 | |
| Profit (loss) for the period | 9904 | -€5,380 | €6,326 | +€11,706 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,380 | €6,326 | +€11,706 |
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 6 October 2026 via checked.be.