BORDET ELECTRO: 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.
BORDET ELECTRO
Largest movements
- Receivables within one year +€59,118
up €59,118 (+74.4%), from €79,412 to €138,530
of which Trade receivables: +€44,198
- Stocks and contracts -€45,169
down €45,169 (-31.0%), from €145,569 to €100,400
- Tangible fixed assets -€17,413
down €17,413 (-16.0%), from €109,003 to €91,590
of which Land and buildings: -€12,834
- Debts after one year +€25,762
up €25,762 (+37.3%), from €69,058 to €94,820
- Short-term financial debts -€20,178
down €20,178 (-44.1%), from €45,730 to €25,552
- Trade debts -€11,416
down €11,416 (-20.8%), from €54,920 to €43,504
- Profit (loss) carried forward +€5,733
up €5,733 (+8.4%), from €68,450 to €74,183
- Tax, wage and social debts -€3,366
down €3,366 (-18.2%), from €18,505 to €15,139
- Purchases and services +€100,734
up €100,734 (+19.6%), from €513,812 to €614,546
- Turnover +€90,076
up €90,076 (+15.2%), from €591,576 to €681,652
- Gross operating margin -€10,658
down €10,658 (-13.7%), from €77,764 to €67,106
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 | €334,635 | €331,170 | -€3,465 | -1.0% |
| Fixed assets | 21/28 | €109,653 | €92,240 | -€17,413 | -15.9% |
| Tangible fixed assets | 22/27 | €109,003 | €91,590 | -€17,413 | -16.0% |
| Land and buildings | 22 | €65,712 | €52,878 | -€12,834 | -19.5% |
| Plant, machinery and equipment | 23 | €27,960 | €27,351 | -€609 | -2.2% |
| Furniture and vehicles | 24 | €15,331 | €11,361 | -€3,970 | -25.9% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €224,982 | €238,930 | +€13,948 | +6.2% |
| Stocks and contracts in progress | 3 | €145,569 | €100,400 | -€45,169 | -31.0% |
| Stocks | 30/36 | €145,569 | €100,400 | -€45,169 | -31.0% |
| Amounts receivable within one year | 40/41 | €79,412 | €138,530 | +€59,118 | +74.4% |
| Trade receivables | 40 | €69,176 | €113,374 | +€44,198 | +63.9% |
| Other amounts receivable | 41 | €10,236 | €25,156 | +€14,920 | +145.8% |
| Cash at bank and in hand | 54/58 | €1 | - | -€1 | |
| Total equity and liabilities | 10/49 | €334,635 | €331,170 | -€3,465 | -1.0% |
| Equity | 10/15 | €146,422 | €152,155 | +€5,733 | +3.9% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €53,172 | €53,172 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €50,693 | €50,693 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,450 | €74,183 | +€5,733 | +8.4% |
| Amounts payable | 17/49 | €188,213 | €179,015 | -€9,198 | -4.9% |
| Amounts payable after more than one year | 17 | €69,058 | €94,820 | +€25,762 | +37.3% |
| Financial debts | 170/4 | €69,058 | €94,820 | +€25,762 | +37.3% |
| Amounts payable within one year | 42/48 | €119,155 | €84,195 | -€34,960 | -29.3% |
| Financial debts | 43 | €45,730 | €25,552 | -€20,178 | -44.1% |
| Credit institutions | 430/8 | €45,730 | €25,552 | -€20,178 | -44.1% |
| Trade debts | 44 | €54,920 | €43,504 | -€11,416 | -20.8% |
| Suppliers | 440/4 | €54,920 | €43,504 | -€11,416 | -20.8% |
| Taxes, remuneration and social security | 45 | €18,505 | €15,139 | -€3,366 | -18.2% |
| Taxes | 450/3 | €18,505 | €15,139 | -€3,366 | -18.2% |
| Turnover | 70 | €591,576 | €681,652 | +€90,076 | +15.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €513,812 | €614,546 | +€100,734 | +19.6% |
| Remuneration, social security and pensions | 62 | €35,879 | €37,023 | +€1,144 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,084 | €21,064 | -€20 | -0.1% |
| Gross operating margin | 9900 | €77,764 | €67,106 | -€10,658 | -13.7% |
| Operating profit (loss) | 9901 | €20,801 | €9,019 | -€11,782 | -56.6% |
| Financial income | 75/76B | €1,111 | €5,633 | +€4,522 | +407.0% |
| Recurring financial income | 75 | €499 | €164 | -€335 | -67.1% |
| Non-recurring financial income | 76B | €612 | €5,469 | +€4,857 | +793.6% |
| Financial charges | 65/66B | €7,389 | €4,188 | -€3,201 | -43.3% |
| Recurring financial charges | 65 | €7,389 | €4,188 | -€3,201 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €14,523 | €10,464 | -€4,059 | -27.9% |
| Income taxes | 67/77 | €4,442 | €4,731 | +€289 | +6.5% |
| Profit (loss) for the period | 9904 | €10,081 | €5,733 | -€4,348 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,081 | €5,733 | -€4,348 | -43.1% |
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 8 October 2026 via checked.be.