Bordoni-v.p.: 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.
Bordoni-v.p.
Largest movements
- Receivables within one year -€24,496
down €24,496 (-54.2%), from €45,204 to €20,708
of which Trade receivables: -€24,810
- Cash -€12,460
down €12,460 (-82.9%), from €15,035 to €2,575
mainly Net result for the year (-€19,666) and Trade debts (-€11,280)
- Profit (loss) carried forward -€19,666
down €19,666 (-48.4%), from -€40,657 to -€60,322
- Trade debts -€11,280
down €11,280 (-44.2%), from €25,537 to €14,257
- Other debts -€5,555
down €5,555 (-100%), from €5,555 to €0
- Staff costs -€23,293
down €23,293 (-33.2%), from €70,124 to €46,831
- Gross operating margin -€20,046
down €20,046 (-31.8%), from €63,082 to €43,035
- Financial charges -€1,475
down €1,475 (-60.2%), from €2,452 to €976
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 | €77,858 | €41,683 | -€36,175 | -46.5% |
| Fixed assets | 21/28 | €3,539 | €4,084 | +€545 | +15.4% |
| Tangible fixed assets | 22/27 | €1,039 | €1,584 | +€545 | +52.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,039 | €1,584 | +€545 | +52.4% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €74,319 | €37,599 | -€36,720 | -49.4% |
| Stocks and contracts in progress | 3 | €13,846 | €13,846 | = | 0.0% |
| Stocks | 30/36 | €13,846 | €13,846 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,204 | €20,708 | -€24,496 | -54.2% |
| Trade receivables | 40 | €44,565 | €19,755 | -€24,810 | -55.7% |
| Other amounts receivable | 41 | €639 | €953 | +€314 | +49.2% |
| Cash at bank and in hand | 54/58 | €15,035 | €2,575 | -€12,460 | -82.9% |
| Deferred charges and accrued income | 490/1 | €234 | €469 | +€236 | +101% |
| Total equity and liabilities | 10/49 | €77,858 | €41,683 | -€36,175 | -46.5% |
| Equity | 10/15 | -€8,581 | -€28,246 | -€19,666 | -229% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,476 | €13,476 | = | 0.0% |
| Distributable reserves | 133 | €13,476 | €13,476 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,657 | -€60,322 | -€19,666 | -48.4% |
| Amounts payable | 17/49 | €86,439 | €69,929 | -€16,509 | -19.1% |
| Amounts payable within one year | 42/48 | €86,317 | €69,929 | -€16,388 | -19.0% |
| Financial debts | 43 | €289 | €1,012 | +€723 | +250% |
| Other loans | 439 | €289 | €1,012 | +€723 | +250% |
| Trade debts | 44 | €25,537 | €14,257 | -€11,280 | -44.2% |
| Suppliers | 440/4 | €25,537 | €14,257 | -€11,280 | -44.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €54,936 | €54,661 | -€275 | -0.5% |
| Taxes | 450/3 | €14,506 | €11,458 | -€3,048 | -21.0% |
| Remuneration and social security | 454/9 | €40,430 | €43,203 | +€2,773 | +6.9% |
| Other amounts payable | 47/48 | €5,555 | €0 | -€5,555 | -100% |
| Accrued charges and deferred income | 492/3 | €122 | €0 | -€122 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €70,124 | €46,831 | -€23,293 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €932 | €537 | -€395 | -42.4% |
| Other operating charges | 640/8 | €1,359 | €1,095 | -€264 | -19.4% |
| Non-recurring operating charges | 66A | €3,097 | €13,107 | +€10,010 | +323% |
| Gross operating margin | 9900 | €63,082 | €43,035 | -€20,046 | -31.8% |
| Operating profit (loss) | 9901 | -€12,431 | -€18,535 | -€6,104 | -49.1% |
| Financial income | 75/76B | €256 | €81 | -€175 | -68.4% |
| Recurring financial income | 75 | €256 | €81 | -€175 | -68.4% |
| Financial charges | 65/66B | €2,452 | €976 | -€1,475 | -60.2% |
| Recurring financial charges | 65 | €2,452 | €976 | -€1,475 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,627 | -€19,430 | -€4,803 | -32.8% |
| Income taxes | 67/77 | €284 | €235 | -€49 | -17.1% |
| Profit (loss) for the period | 9904 | -€14,911 | -€19,666 | -€4,754 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,911 | -€19,666 | -€4,754 | -31.9% |
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.