BorderSystem: 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.
BorderSystem
Largest movements
- Stocks and contracts -€73,542
down €73,542 (-47.8%), from €153,875 to €80,333
- Receivables within one year +€7,813
up €7,813 (+23.8%), from €32,816 to €40,630
of which Trade receivables: +€9,436
- Intangible fixed assets -€5,318
down €5,318 (-39.3%), from €13,523 to €8,205
- Profit (loss) carried forward -€176,705
down €176,705 (-10.1%), from -€1.7m to -€1.9m
- Other debts +€97,263
up €97,263 (+8.7%), from €1.1m to €1.2m
- Tax, wage and social debts +€7,990
up €7,990 (+22.2%), from €36,027 to €44,017
of which Taxes: +€10,674
- Gross operating margin -€9,353
down €9,353 (-22.7%), from -€41,168 to -€50,521
- Depreciation -€2,294
down €2,294 (-27.2%), from €8,440 to €6,146
- Staff costs +€1,921
up €1,921 (+1.7%), from €113,095 to €115,015
- Financial charges +€920
up €920 (+42.3%), from €2,173 to €3,093
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €208,556 | €138,743 | -€69,814 | -33.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €14,995 | €9,985 | -€5,011 | -33.4% |
| Intangible fixed assets | 21 | €13,523 | €8,205 | -€5,318 | -39.3% |
| Tangible fixed assets | 22/27 | €1,473 | €1,780 | +€307 | +20.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,473 | €1,780 | +€307 | +20.8% |
| Current assets | 29/58 | €193,561 | €128,758 | -€64,803 | -33.5% |
| Stocks and contracts in progress | 3 | €153,875 | €80,333 | -€73,542 | -47.8% |
| Stocks | 30/36 | €153,875 | €80,333 | -€73,542 | -47.8% |
| Amounts receivable within one year | 40/41 | €32,816 | €40,630 | +€7,813 | +23.8% |
| Trade receivables | 40 | €30,813 | €40,249 | +€9,436 | +30.6% |
| Other amounts receivable | 41 | €2,004 | €381 | -€1,623 | -81.0% |
| Cash at bank and in hand | 54/58 | €6,022 | €6,665 | +€642 | +10.7% |
| Deferred charges and accrued income | 490/1 | €848 | €1,131 | +€283 | +33.4% |
| Total equity and liabilities | 10/49 | €208,556 | €138,743 | -€69,814 | -33.5% |
| Equity | 10/15 | -€1,547,864 | -€1,724,570 | -€176,705 | -11.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,747,864 | -€1,924,570 | -€176,705 | -10.1% |
| Investment grants | 15 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,756,421 | €1,863,312 | +€106,892 | +6.1% |
| Amounts payable after more than one year | 17 | €565,000 | €565,000 | = | 0.0% |
| Financial debts | 170/4 | €565,000 | €565,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,191,421 | €1,298,312 | +€106,892 | +9.0% |
| Trade debts | 44 | €43,366 | €45,005 | +€1,639 | +3.8% |
| Suppliers | 440/4 | €43,366 | €45,005 | +€1,639 | +3.8% |
| Taxes, remuneration and social security | 45 | €36,027 | €44,017 | +€7,990 | +22.2% |
| Taxes | 450/3 | €8,166 | €18,840 | +€10,674 | +130.7% |
| Remuneration and social security | 454/9 | €27,860 | €25,176 | -€2,684 | -9.6% |
| Other amounts payable | 47/48 | €1,112,028 | €1,209,290 | +€97,263 | +8.7% |
| Remuneration, social security and pensions | 62 | €113,095 | €115,015 | +€1,921 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,440 | €6,146 | -€2,294 | -27.2% |
| Other operating charges | 640/8 | €1,332 | €1,690 | +€359 | +27.0% |
| Gross operating margin | 9900 | -€41,168 | -€50,521 | -€9,353 | -22.7% |
| Operating profit (loss) | 9901 | -€164,034 | -€173,373 | -€9,339 | -5.7% |
| Financial income | 75/76B | €7 | €17 | +€10 | +153.7% |
| Recurring financial income | 75 | €7 | €17 | +€10 | +153.7% |
| Financial charges | 65/66B | €2,173 | €3,093 | +€920 | +42.3% |
| Recurring financial charges | 65 | €2,173 | €3,093 | +€920 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | -€166,201 | -€176,449 | -€10,248 | -6.2% |
| Income taxes | 67/77 | €473 | €256 | -€217 | -45.9% |
| Profit (loss) for the period | 9904 | -€166,674 | -€176,705 | -€10,031 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€166,674 | -€176,705 | -€10,031 | -6.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.