BOREAL SERVICE: 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.
BOREAL SERVICE
Largest movements
- Receivables within one year -€123,289
down €123,289 (-32.7%), from €376,748 to €253,459
of which Trade receivables: -€166,565
- Cash -€35,455
down €35,455 (-23.1%), from €153,273 to €117,818
mainly Trade debts (-€111,223) and Other debts (-€69,000)
- Tangible fixed assets -€23,042
down €23,042 (-83.1%), from €27,718 to €4,676
of which Furniture and vehicles: -€22,616
- Trade debts -€111,223
down €111,223 (-86.6%), from €128,392 to €17,169
of which Suppliers: -€59,511
- Other debts -€69,000
down €69,000 (-61.8%), from €111,640 to €42,640
- Profit (loss) carried forward -€15,945
down €15,945 (-5.5%), from €290,275 to €274,330
- Tax, wage and social debts +€14,382
up €14,382 (+58.9%), from €24,437 to €38,819
of which Taxes: +€14,810
- Purchases and services +€330,127
up €330,127 (+33.6%), from €983,316 to €1.3m
- Turnover +€228,255
up €228,255 (+19.7%), from €1.2m to €1.4m
- Gross operating margin -€101,838
down €101,838 (-57.2%), from €177,894 to €76,056
- Staff costs -€27,296
down €27,296 (-43.6%), from €62,581 to €35,285
- Taxes -€16,601
down €16,601 (-74.4%), from €22,321 to €5,720
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 | €558,044 | €376,258 | -€181,786 | -32.6% |
| Fixed assets | 21/28 | €28,023 | €4,981 | -€23,042 | -82.2% |
| Tangible fixed assets | 22/27 | €27,718 | €4,676 | -€23,042 | -83.1% |
| Plant, machinery and equipment | 23 | €426 | - | -€426 | |
| Furniture and vehicles | 24 | €27,292 | €4,676 | -€22,616 | -82.9% |
| Financial fixed assets | 28 | €305 | €305 | = | 0.0% |
| Current assets | 29/58 | €530,021 | €371,277 | -€158,744 | -30.0% |
| Amounts receivable within one year | 40/41 | €376,748 | €253,459 | -€123,289 | -32.7% |
| Trade receivables | 40 | €346,579 | €180,014 | -€166,565 | -48.1% |
| Other amounts receivable | 41 | €30,169 | €73,445 | +€43,276 | +143% |
| Cash at bank and in hand | 54/58 | €153,273 | €117,818 | -€35,455 | -23.1% |
| Total equity and liabilities | 10/49 | €558,044 | €376,258 | -€181,786 | -32.6% |
| Equity | 10/15 | €293,575 | €277,630 | -€15,945 | -5.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Legal reserve | 130 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €290,275 | €274,330 | -€15,945 | -5.5% |
| Amounts payable | 17/49 | €264,469 | €98,628 | -€165,841 | -62.7% |
| Amounts payable within one year | 42/48 | €264,469 | €98,628 | -€165,841 | -62.7% |
| Trade debts | 44 | €128,392 | €17,169 | -€111,223 | -86.6% |
| Suppliers | 440/4 | €76,680 | €17,169 | -€59,511 | -77.6% |
| Bills of exchange payable | 441 | €51,712 | - | -€51,712 | |
| Taxes, remuneration and social security | 45 | €24,437 | €38,819 | +€14,382 | +58.9% |
| Taxes | 450/3 | €24,009 | €38,819 | +€14,810 | +61.7% |
| Remuneration and social security | 454/9 | €428 | - | -€428 | |
| Other amounts payable | 47/48 | €111,640 | €42,640 | -€69,000 | -61.8% |
| Turnover | 70 | €1,161,210 | €1,389,465 | +€228,255 | +19.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €983,316 | €1,313,443 | +€330,127 | +33.6% |
| Remuneration, social security and pensions | 62 | €62,581 | €35,285 | -€27,296 | -43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,553 | €23,042 | +€4,489 | +24.2% |
| Other operating charges | 640/8 | €449 | €1,827 | +€1,378 | +307% |
| Gross operating margin | 9900 | €177,894 | €76,056 | -€101,838 | -57.2% |
| Operating profit (loss) | 9901 | €96,311 | €15,902 | -€80,409 | -83.5% |
| Financial charges | 65/66B | €791 | €1,127 | +€337 | +42.6% |
| Recurring financial charges | 65 | €791 | €1,127 | +€337 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €95,520 | €14,775 | -€80,745 | -84.5% |
| Income taxes | 67/77 | €22,321 | €5,720 | -€16,601 | -74.4% |
| Profit (loss) for the period | 9904 | €73,199 | €9,055 | -€64,144 | -87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,199 | €9,055 | -€64,144 | -87.6% |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.