BOREAS DEVELOPMENT: 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.
BOREAS DEVELOPMENT
Largest movements
- Cash -€10,560
down €10,560 (-99.3%), from €10,637 to €77
mainly Net result for the year (-€13,059) and Tax, wage and social debts (-€6,709)
- Profit (loss) carried forward -€13,058
down €13,058 (-20.1%), from €64,966 to €51,908
- Trade debts +€10,487
up €10,487 (+159.4%), from €6,578 to €17,065
- Tax, wage and social debts -€6,709
no longer reported in 2024 (was €6,709)
- Financial income -€40,859
down €40,859 (-88.0%), from €46,423 to €5,564
- Taxes -€18,453
down €18,453, from €11,744 to -€6,709
- Financial charges +€1,155
up €1,155 (+97.1%), from €1,190 to €2,345
- Gross operating margin -€286
down €286 (-1.3%), from -€21,733 to -€22,019
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 | €157,453 | €148,258 | -€9,195 | -5.8% |
| Current assets | 29/58 | €157,453 | €148,258 | -€9,195 | -5.8% |
| Amounts receivable within one year | 40/41 | €146,816 | €148,181 | +€1,365 | +0.9% |
| Other amounts receivable | 41 | €146,816 | €148,181 | +€1,365 | +0.9% |
| Cash at bank and in hand | 54/58 | €10,637 | €77 | -€10,560 | -99.3% |
| Total equity and liabilities | 10/49 | €157,453 | €148,258 | -€9,195 | -5.8% |
| Equity | 10/15 | €133,166 | €120,108 | -€13,058 | -9.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,966 | €51,908 | -€13,058 | -20.1% |
| Amounts payable | 17/49 | €24,287 | €28,150 | +€3,863 | +15.9% |
| Amounts payable within one year | 42/48 | €24,287 | €28,150 | +€3,863 | +15.9% |
| Financial debts | 43 | - | €85 | +€85 | |
| Credit institutions | 430/8 | - | €85 | +€85 | |
| Trade debts | 44 | €6,578 | €17,065 | +€10,487 | +159.4% |
| Suppliers | 440/4 | €6,578 | €17,065 | +€10,487 | +159.4% |
| Taxes, remuneration and social security | 45 | €6,709 | - | -€6,709 | |
| Taxes | 450/3 | €6,709 | - | -€6,709 | |
| Other amounts payable | 47/48 | €11,000 | €11,000 | = | 0.0% |
| Other operating charges | 640/8 | €960 | €968 | +€8 | +0.8% |
| Gross operating margin | 9900 | -€21,733 | -€22,019 | -€286 | -1.3% |
| Operating profit (loss) | 9901 | -€22,693 | -€22,987 | -€294 | -1.3% |
| Financial income | 75/76B | €46,423 | €5,564 | -€40,859 | -88.0% |
| Recurring financial income | 75 | €46,423 | €5,564 | -€40,859 | -88.0% |
| Financial charges | 65/66B | €1,190 | €2,345 | +€1,155 | +97.1% |
| Recurring financial charges | 65 | €1,190 | €2,345 | +€1,155 | +97.1% |
| Profit (loss) for the period before taxes | 9903 | €22,540 | -€19,768 | -€42,308 | |
| Income taxes | 67/77 | €11,744 | -€6,709 | -€18,453 | |
| Profit (loss) for the period | 9904 | €10,797 | -€13,059 | -€23,856 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,797 | -€13,059 | -€23,856 |
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 29 September 2026 via checked.be.