BORDER: 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.
BORDER
Largest movements
- Cash +€7,386
up €7,386 (+10.3%), from €71,808 to €79,195
mainly Net result for the year (+€12,202) and Depreciation (+€3,736)
- Tangible fixed assets -€3,736
down €3,736 (-34.2%), from €10,923 to €7,188
of which Other tangible fixed assets: -€2,166
- Receivables within one year +€1,029
new in 2025: €1,029
- Profit (loss) carried forward +€12,202
up €12,202 (+19.3%), from €63,065 to €75,268
- Tax, wage and social debts -€8,809
down €8,809 (-49.0%), from €17,989 to €9,180
of which Taxes: -€7,003
- Other debts +€1,045
new in 2025: €1,045
- Gross operating margin -€7,255
down €7,255 (-25.4%), from €28,506 to €21,251
- Taxes -€1,167
down €1,167 (-22.7%), from €5,138 to €3,971
- Financial charges -€387
down €387 (-84.3%), from €460 to €72
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 | €82,731 | €87,411 | +€4,680 | +5.7% |
| Fixed assets | 21/28 | €10,923 | €7,188 | -€3,736 | -34.2% |
| Tangible fixed assets | 22/27 | €10,923 | €7,188 | -€3,736 | -34.2% |
| Furniture and vehicles | 24 | €4,384 | €2,814 | -€1,570 | -35.8% |
| Other tangible fixed assets | 26 | €6,540 | €4,374 | -€2,166 | -33.1% |
| Current assets | 29/58 | €71,808 | €80,223 | +€8,415 | +11.7% |
| Amounts receivable within one year | 40/41 | - | €1,029 | +€1,029 | |
| Other amounts receivable | 41 | - | €1,029 | +€1,029 | |
| Cash at bank and in hand | 54/58 | €71,808 | €79,195 | +€7,386 | +10.3% |
| Total equity and liabilities | 10/49 | €82,731 | €87,411 | +€4,680 | +5.7% |
| Equity | 10/15 | €64,585 | €76,788 | +€12,202 | +18.9% |
| Contributions | 10/11 | €1,520 | €1,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,065 | €75,268 | +€12,202 | +19.3% |
| Amounts payable | 17/49 | €18,146 | €10,623 | -€7,523 | -41.5% |
| Amounts payable within one year | 42/48 | €18,146 | €10,623 | -€7,523 | -41.5% |
| Trade debts | 44 | €156 | €398 | +€242 | +154% |
| Suppliers | 440/4 | €156 | €398 | +€242 | +154% |
| Taxes, remuneration and social security | 45 | €17,989 | €9,180 | -€8,809 | -49.0% |
| Taxes | 450/3 | €16,183 | €9,180 | -€7,003 | -43.3% |
| Remuneration and social security | 454/9 | €1,806 | - | -€1,806 | |
| Other amounts payable | 47/48 | - | €1,045 | +€1,045 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,937 | €3,736 | -€201 | -5.1% |
| Other operating charges | 640/8 | €1,233 | €1,270 | +€37 | +3.0% |
| Gross operating margin | 9900 | €28,506 | €21,251 | -€7,255 | -25.4% |
| Operating profit (loss) | 9901 | €23,336 | €16,246 | -€7,091 | -30.4% |
| Financial charges | 65/66B | €460 | €72 | -€387 | -84.3% |
| Recurring financial charges | 65 | €460 | €72 | -€387 | -84.3% |
| Profit (loss) for the period before taxes | 9903 | €22,877 | €16,174 | -€6,703 | -29.3% |
| Income taxes | 67/77 | €5,138 | €3,971 | -€1,167 | -22.7% |
| Profit (loss) for the period | 9904 | €17,738 | €12,202 | -€5,536 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,738 | €12,202 | -€5,536 | -31.2% |
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 15 October 2026 via checked.be.