BORCHAMPS: 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.
BORCHAMPS
Largest movements
- Tangible fixed assets +€10,832
up €10,832 (+4.2%), from €258,580 to €269,412
of which Plant, machinery and equipment: +€13,715
- Receivables within one year -€4,670
down €4,670 (-27.0%), from €17,322 to €12,652
- Profit (loss) carried forward +€7,060
up €7,060 (+3.5%), from -€201,243 to -€194,184
- Gross operating margin +€6,876
up €6,876 (+88.8%), from €7,739 to €14,616
- Depreciation +€968
up €968 (+37.7%), from €2,566 to €3,535
- Financial income +€812
new in 2025: €812
- Other operating charges -€242
down €242 (-4.9%), from €4,986 to €4,744
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 | €276,056 | €282,216 | +€6,160 | +2.2% |
| Fixed assets | 21/28 | €258,580 | €269,412 | +€10,832 | +4.2% |
| Tangible fixed assets | 22/27 | €258,580 | €269,412 | +€10,832 | +4.2% |
| Land and buildings | 22 | €256,400 | €253,990 | -€2,410 | -0.9% |
| Plant, machinery and equipment | 23 | - | €13,715 | +€13,715 | |
| Furniture and vehicles | 24 | €2,180 | €1,706 | -€474 | -21.8% |
| Current assets | 29/58 | €17,476 | €12,804 | -€4,672 | -26.7% |
| Amounts receivable within one year | 40/41 | €17,322 | €12,652 | -€4,670 | -27.0% |
| Other amounts receivable | 41 | €17,322 | €12,652 | -€4,670 | -27.0% |
| Cash at bank and in hand | 54/58 | €154 | €152 | -€1 | -0.9% |
| Total equity and liabilities | 10/49 | €276,056 | €282,216 | +€6,160 | +2.2% |
| Equity | 10/15 | €272,674 | €279,733 | +€7,060 | +2.6% |
| Contributions | 10/11 | €369,337 | €369,337 | = | 0.0% |
| Capital | 10 | €369,337 | €369,337 | = | 0.0% |
| Issued capital | 100 | €369,337 | €369,337 | = | 0.0% |
| Revaluation surpluses | 12 | €78,753 | €78,753 | = | 0.0% |
| Reserves | 13 | €25,828 | €25,828 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Legal reserve | 130 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €22,109 | €22,109 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€201,243 | -€194,184 | +€7,060 | +3.5% |
| Amounts payable | 17/49 | €3,382 | €2,482 | -€900 | -26.6% |
| Amounts payable within one year | 42/48 | €3,382 | €2,482 | -€900 | -26.6% |
| Trade debts | 44 | €3,382 | €2,482 | -€900 | -26.6% |
| Suppliers | 440/4 | €3,382 | €2,482 | -€900 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,566 | €3,535 | +€968 | +37.7% |
| Other operating charges | 640/8 | €4,986 | €4,744 | -€242 | -4.9% |
| Gross operating margin | 9900 | €7,739 | €14,616 | +€6,876 | +88.8% |
| Operating profit (loss) | 9901 | €187 | €6,337 | +€6,150 | +3,288% |
| Financial income | 75/76B | - | €812 | +€812 | |
| Recurring financial income | 75 | - | €812 | +€812 | |
| Financial charges | 65/66B | €90 | €90 | = | 0.0% |
| Recurring financial charges | 65 | €90 | €90 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €97 | €7,060 | +€6,963 | +7,173% |
| Profit (loss) for the period | 9904 | €97 | €7,060 | +€6,963 | +7,173% |
| Profit (loss) for the period to be appropriated | 9905 | €97 | €7,060 | +€6,963 | +7,173% |
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.