BORDY: 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.
BORDY
Largest movements
- Tangible fixed assets -€11,370
down €11,370 (-3.2%), from €352,060 to €340,690
of which Land and buildings: -€11,780
- Accrued charges and deferred income -€21,739
down €21,739 (-100.0%), from €21,739 to €0
- Debts after one year -€19,019
down €19,019 (-9.7%), from €195,858 to €176,839
- Reserves +€14,301
up €14,301 (+11.2%), from €127,617 to €141,918
of which Distributable reserves: +€14,301
- Trade debts -€11,309
down €11,309 (-57.5%), from €19,677 to €8,367
- Tax, wage and social debts +€10,956
up €10,956 (+1099.4%), from €997 to €11,952
- Gross operating margin +€31,769
up €31,769 (+183.6%), from €17,303 to €49,072
- Taxes +€10,505
up €10,505 (+1817.0%), from €578 to €11,083
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 | €425,941 | €412,480 | -€13,461 | -3.2% |
| Fixed assets | 21/28 | €352,060 | €340,690 | -€11,370 | -3.2% |
| Tangible fixed assets | 22/27 | €352,060 | €340,690 | -€11,370 | -3.2% |
| Land and buildings | 22 | €349,342 | €337,562 | -€11,780 | -3.4% |
| Furniture and vehicles | 24 | €2,718 | €3,129 | +€410 | +15.1% |
| Current assets | 29/58 | €73,881 | €71,790 | -€2,091 | -2.8% |
| Amounts receivable within one year | 40/41 | €42,100 | €39,977 | -€2,124 | -5.0% |
| Trade receivables | 40 | €41,726 | €36,415 | -€5,311 | -12.7% |
| Other amounts receivable | 41 | €374 | €3,561 | +€3,187 | +852.3% |
| Cash at bank and in hand | 54/58 | €28,219 | €31,420 | +€3,201 | +11.3% |
| Deferred charges and accrued income | 490/1 | €3,562 | €393 | -€3,169 | -89.0% |
| Total equity and liabilities | 10/49 | €425,941 | €412,480 | -€13,461 | -3.2% |
| Equity | 10/15 | €129,714 | €148,118 | +€18,404 | +14.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €127,617 | €141,918 | +€14,301 | +11.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €125,757 | €140,058 | +€14,301 | +11.4% |
| Profit (loss) carried forward | 14 | -€4,103 | €0 | +€4,103 | |
| Amounts payable | 17/49 | €296,227 | €264,362 | -€31,865 | -10.8% |
| Amounts payable after more than one year | 17 | €195,858 | €176,839 | -€19,019 | -9.7% |
| Financial debts | 170/4 | €195,858 | €176,839 | -€19,019 | -9.7% |
| Amounts payable within one year | 42/48 | €78,629 | €87,523 | +€8,894 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €18,708 | €19,019 | +€312 | +1.7% |
| Trade debts | 44 | €19,677 | €8,367 | -€11,309 | -57.5% |
| Suppliers | 440/4 | €19,677 | €8,367 | -€11,309 | -57.5% |
| Taxes, remuneration and social security | 45 | €997 | €11,952 | +€10,956 | +1099.4% |
| Taxes | 450/3 | €997 | €11,952 | +€10,956 | +1099.4% |
| Other amounts payable | 47/48 | €39,248 | €48,184 | +€8,936 | +22.8% |
| Accrued charges and deferred income | 492/3 | €21,739 | €0 | -€21,739 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,716 | €12,820 | +€103 | +0.8% |
| Other operating charges | 640/8 | €3,396 | €2,912 | -€484 | -14.3% |
| Non-recurring operating charges | 66A | €457 | €0 | -€457 | -100.0% |
| Gross operating margin | 9900 | €17,303 | €49,072 | +€31,769 | +183.6% |
| Operating profit (loss) | 9901 | €733 | €33,340 | +€32,608 | +4448.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,258 | €3,853 | -€405 | -9.5% |
| Recurring financial charges | 65 | €4,258 | €3,853 | -€405 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,525 | €29,487 | +€33,012 | |
| Income taxes | 67/77 | €578 | €11,083 | +€10,505 | +1817.0% |
| Profit (loss) for the period | 9904 | -€4,103 | €18,404 | +€22,508 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,103 | €18,404 | +€22,508 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.