BORDON: 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.
BORDON
Largest movements
- Receivables within one year +€22,687
up €22,687 (+14.2%), from €159,409 to €182,096
of which Other amounts receivable: +€45,659
- Tangible fixed assets -€14,238
down €14,238 (-5.5%), from €257,064 to €242,826
of which Land and buildings: -€13,813
- Cash +€11,315
up €11,315 (+243%), from €4,650 to €15,965
mainly Net result for the year (+€42,491) and Depreciation (+€14,238)
- Profit (loss) carried forward +€30,726
up €30,726 (+23.0%), from €133,516 to €164,242
- Debts after one year -€16,462
down €16,462 (-6.9%), from €237,894 to €221,432
- Gross operating margin -€1,849
down €1,849 (-2.5%), from €74,781 to €72,932
- Financial income +€1,128
up €1,128 (+20.9%), from €5,385 to €6,513
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 | €424,575 | €444,184 | +€19,608 | +4.6% |
| Fixed assets | 21/28 | €260,164 | €245,926 | -€14,238 | -5.5% |
| Tangible fixed assets | 22/27 | €257,064 | €242,826 | -€14,238 | -5.5% |
| Land and buildings | 22 | €255,702 | €241,889 | -€13,813 | -5.4% |
| Plant, machinery and equipment | 23 | €305 | €155 | -€150 | -49.1% |
| Furniture and vehicles | 24 | €1,057 | €781 | -€276 | -26.1% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €164,411 | €198,258 | +€33,847 | +20.6% |
| Amounts receivable within one year | 40/41 | €159,409 | €182,096 | +€22,687 | +14.2% |
| Trade receivables | 40 | €53,845 | €30,873 | -€22,972 | -42.7% |
| Other amounts receivable | 41 | €105,564 | €151,223 | +€45,659 | +43.3% |
| Cash at bank and in hand | 54/58 | €4,650 | €15,965 | +€11,315 | +243% |
| Deferred charges and accrued income | 490/1 | €352 | €197 | -€155 | -44.0% |
| Total equity and liabilities | 10/49 | €424,575 | €444,184 | +€19,608 | +4.6% |
| Equity | 10/15 | €152,116 | €182,842 | +€30,726 | +20.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,516 | €164,242 | +€30,726 | +23.0% |
| Amounts payable | 17/49 | €272,459 | €261,341 | -€11,118 | -4.1% |
| Amounts payable after more than one year | 17 | €237,894 | €221,432 | -€16,462 | -6.9% |
| Financial debts | 170/4 | €237,894 | €221,432 | -€16,462 | -6.9% |
| Amounts payable within one year | 42/48 | €34,564 | €39,909 | +€5,345 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €16,180 | €16,462 | +€282 | +1.7% |
| Financial debts | 43 | - | €3,227 | +€3,227 | |
| Credit institutions | 430/8 | - | €3,227 | +€3,227 | |
| Trade debts | 44 | €895 | €1,476 | +€582 | +65.0% |
| Suppliers | 440/4 | €895 | €1,476 | +€582 | +65.0% |
| Taxes, remuneration and social security | 45 | €17,490 | €18,744 | +€1,254 | +7.2% |
| Taxes | 450/3 | €17,490 | €18,744 | +€1,254 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,531 | €14,238 | -€293 | -2.0% |
| Other operating charges | 640/8 | €2,038 | €1,977 | -€61 | -3.0% |
| Gross operating margin | 9900 | €74,781 | €72,932 | -€1,849 | -2.5% |
| Operating profit (loss) | 9901 | €58,212 | €56,716 | -€1,496 | -2.6% |
| Financial income | 75/76B | €5,385 | €6,513 | +€1,128 | +20.9% |
| Recurring financial income | 75 | €5,385 | €6,513 | +€1,128 | +20.9% |
| Financial charges | 65/66B | €4,852 | €4,359 | -€493 | -10.2% |
| Recurring financial charges | 65 | €4,852 | €4,359 | -€493 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €58,745 | €58,869 | +€124 | +0.2% |
| Income taxes | 67/77 | €16,442 | €16,379 | -€63 | -0.4% |
| Profit (loss) for the period | 9904 | €42,303 | €42,491 | +€187 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,303 | €42,491 | +€187 | +0.4% |
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 17 October 2026 via checked.be.