BORBONICUM: 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.
BORBONICUM
Largest movements
- Current investments +€47,401
up €47,401 (+236.9%), from €20,005 to €67,406
- Tangible fixed assets -€21,515
down €21,515 (-8.5%), from €253,143 to €231,629
of which Land and buildings: -€11,812
- Cash -€5,589
down €5,589 (-41.7%), from €13,410 to €7,822
mainly Contributions, distributions and other (-€156,000) and Current investments (-€47,401)
- Other debts +€97,752
up €97,752 (+193.2%), from €50,595 to €148,347
- Reserves -€91,473
down €91,473 (-58.3%), from €156,988 to €65,515
- Tax, wage and social debts +€35,229
up €35,229 (+6150.1%), from €573 to €35,802
- Current portion of long-term debt -€11,225
down €11,225 (-50.7%), from €22,131 to €10,906
- Debts after one year -€10,274
down €10,274 (-14.9%), from €68,920 to €58,646
- Gross operating margin +€10,400
up €10,400 (+9.8%), from €105,612 to €116,011
- Taxes +€7,169
up €7,169 (+48.1%), from €14,905 to €22,074
- Other operating charges -€2,720
down €2,720 (-53.8%), from €5,052 to €2,332
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 | €304,257 | €323,603 | +€19,347 | +6.4% |
| Fixed assets | 21/28 | €253,143 | €231,629 | -€21,515 | -8.5% |
| Tangible fixed assets | 22/27 | €253,143 | €231,629 | -€21,515 | -8.5% |
| Land and buildings | 22 | €217,636 | €205,824 | -€11,812 | -5.4% |
| Plant, machinery and equipment | 23 | €2,639 | €934 | -€1,704 | -64.6% |
| Furniture and vehicles | 24 | €32,869 | €24,871 | -€7,998 | -24.3% |
| Current assets | 29/58 | €51,113 | €91,974 | +€40,861 | +79.9% |
| Amounts receivable within one year | 40/41 | €17,349 | €16,399 | -€950 | -5.5% |
| Trade receivables | 40 | €11,457 | €15,246 | +€3,789 | +33.1% |
| Other amounts receivable | 41 | €5,892 | €1,153 | -€4,739 | -80.4% |
| Current investments | 50/53 | €20,005 | €67,406 | +€47,401 | +236.9% |
| Cash at bank and in hand | 54/58 | €13,410 | €7,822 | -€5,589 | -41.7% |
| Deferred charges and accrued income | 490/1 | €349 | €347 | -€2 | -0.5% |
| Total equity and liabilities | 10/49 | €304,257 | €323,603 | +€19,347 | +6.4% |
| Equity | 10/15 | €158,988 | €67,515 | -€91,473 | -57.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €156,988 | €65,515 | -€91,473 | -58.3% |
| Distributable reserves | 133 | €156,988 | €65,515 | -€91,473 | -58.3% |
| Amounts payable | 17/49 | €145,269 | €256,089 | +€110,820 | +76.3% |
| Amounts payable after more than one year | 17 | €68,920 | €58,646 | -€10,274 | -14.9% |
| Financial debts | 170/4 | €68,920 | €58,646 | -€10,274 | -14.9% |
| Amounts payable within one year | 42/48 | €75,476 | €195,094 | +€119,618 | +158.5% |
| Current portion of amounts payable after more than one year | 42 | €22,131 | €10,906 | -€11,225 | -50.7% |
| Trade debts | 44 | €2,176 | €39 | -€2,137 | -98.2% |
| Suppliers | 440/4 | €2,176 | €39 | -€2,137 | -98.2% |
| Taxes, remuneration and social security | 45 | €573 | €35,802 | +€35,229 | +6150.1% |
| Taxes | 450/3 | €573 | €35,802 | +€35,229 | +6150.1% |
| Other amounts payable | 47/48 | €50,595 | €148,347 | +€97,752 | +193.2% |
| Accrued charges and deferred income | 492/3 | €873 | €2,349 | +€1,475 | +169.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,071 | €21,515 | +€443 | +2.1% |
| Other operating charges | 640/8 | €5,052 | €2,332 | -€2,720 | -53.8% |
| Gross operating margin | 9900 | €105,612 | €116,011 | +€10,400 | +9.8% |
| Operating profit (loss) | 9901 | €79,488 | €92,165 | +€12,677 | +15.9% |
| Financial income | 75/76B | €397 | €222 | -€175 | -44.1% |
| Recurring financial income | 75 | €397 | €222 | -€175 | -44.1% |
| Financial charges | 65/66B | €6,563 | €5,786 | -€778 | -11.9% |
| Recurring financial charges | 65 | €6,563 | €5,786 | -€778 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €73,322 | €86,601 | +€13,279 | +18.1% |
| Income taxes | 67/77 | €14,905 | €22,074 | +€7,169 | +48.1% |
| Profit (loss) for the period | 9904 | €58,416 | €64,527 | +€6,110 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,416 | €64,527 | +€6,110 | +10.5% |
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 29 September 2026 via checked.be.