BORË CONCEPT: 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.
BORË CONCEPT
Largest movements
- Tangible fixed assets -€13,506
down €13,506 (-5.5%), from €246,928 to €233,422
of which Land and buildings: -€12,616
- Stocks and contracts +€5,335
up €5,335 (+50.6%), from €10,534 to €15,869
- Other debts -€9,476
down €9,476 (-3.4%), from €274,731 to €265,255
- Profit (loss) carried forward +€3,880
up €3,880 (+1.1%), from -€363,245 to -€359,365
- Staff costs +€6,394
up €6,394 (+43.3%), from €14,764 to €21,158
- Gross operating margin +€5,594
up €5,594 (+13.2%), from €42,220 to €47,814
- Financial charges -€1,326
down €1,326 (-26.8%), from €4,941 to €3,615
of which Non-recurring financial charges: -€678
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 | €268,944 | €259,690 | -€9,254 | -3.4% |
| Fixed assets | 21/28 | €247,483 | €233,977 | -€13,506 | -5.5% |
| Tangible fixed assets | 22/27 | €246,928 | €233,422 | -€13,506 | -5.5% |
| Land and buildings | 22 | €244,849 | €232,233 | -€12,616 | -5.2% |
| Plant, machinery and equipment | 23 | €2,079 | €1,189 | -€890 | -42.8% |
| Financial fixed assets | 28 | €555 | €555 | = | 0.0% |
| Current assets | 29/58 | €21,461 | €25,713 | +€4,252 | +19.8% |
| Stocks and contracts in progress | 3 | €10,534 | €15,869 | +€5,335 | +50.6% |
| Stocks | 30/36 | €10,534 | €15,869 | +€5,335 | +50.6% |
| Amounts receivable within one year | 40/41 | €6,223 | €3,757 | -€2,466 | -39.6% |
| Trade receivables | 40 | €5,463 | €3,217 | -€2,246 | -41.1% |
| Other amounts receivable | 41 | €760 | €540 | -€220 | -28.9% |
| Cash at bank and in hand | 54/58 | €4,063 | €5,524 | +€1,461 | +36.0% |
| Deferred charges and accrued income | 490/1 | €641 | €563 | -€78 | -12.2% |
| Total equity and liabilities | 10/49 | €268,944 | €259,690 | -€9,254 | -3.4% |
| Equity | 10/15 | -€64,653 | -€60,773 | +€3,880 | +6.0% |
| Contributions | 10/11 | €298,592 | €298,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€363,245 | -€359,365 | +€3,880 | +1.1% |
| Amounts payable | 17/49 | €333,597 | €320,463 | -€13,134 | -3.9% |
| Amounts payable within one year | 42/48 | €329,562 | €316,428 | -€13,134 | -4.0% |
| Financial debts | 43 | €1,874 | - | -€1,874 | |
| Credit institutions | 430/8 | €1,874 | - | -€1,874 | |
| Trade debts | 44 | €35,855 | €36,467 | +€612 | +1.7% |
| Suppliers | 440/4 | €35,855 | €36,467 | +€612 | +1.7% |
| Taxes, remuneration and social security | 45 | €17,102 | €14,706 | -€2,396 | -14.0% |
| Taxes | 450/3 | €10,273 | €11,028 | +€755 | +7.3% |
| Remuneration and social security | 454/9 | €6,829 | €3,678 | -€3,151 | -46.1% |
| Other amounts payable | 47/48 | €274,731 | €265,255 | -€9,476 | -3.4% |
| Accrued charges and deferred income | 492/3 | €4,035 | €4,035 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €14,764 | €21,158 | +€6,394 | +43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,506 | €13,506 | = | 0.0% |
| Other operating charges | 640/8 | €5,712 | €5,435 | -€277 | -4.8% |
| Non-recurring operating charges | 66A | - | €99 | +€99 | |
| Gross operating margin | 9900 | €42,220 | €47,814 | +€5,594 | +13.2% |
| Operating profit (loss) | 9901 | €8,238 | €7,616 | -€622 | -7.6% |
| Financial income | 75/76B | - | €35 | +€35 | |
| Recurring financial income | 75 | - | €35 | +€35 | |
| Financial charges | 65/66B | €4,941 | €3,615 | -€1,326 | -26.8% |
| Recurring financial charges | 65 | €4,084 | €3,436 | -€648 | -15.9% |
| Non-recurring financial charges | 66B | €857 | €179 | -€678 | -79.1% |
| Profit (loss) for the period before taxes | 9903 | €3,297 | €4,036 | +€739 | +22.4% |
| Income taxes | 67/77 | €332 | €156 | -€176 | -53.0% |
| Profit (loss) for the period | 9904 | €2,965 | €3,880 | +€915 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,965 | €3,880 | +€915 | +30.9% |
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 2 October 2026 via checked.be.