BOREAS FORWARDING & LOGISTICS: 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.
BOREAS FORWARDING & LOGISTICS
Largest movements
- Cash +€10,080
up €10,080 (+59.1%), from €17,063 to €27,143
mainly Depreciation (+€10,852) and Net result for the year (+€4,581)
- Tangible fixed assets -€5,860
down €5,860 (-23.5%), from €24,937 to €19,077
of which Furniture and vehicles: -€10,398
- Deferred charges and accrued income -€827
down €827 (-58.2%), from €1,421 to €594
- Reserves +€4,200
up €4,200 (+10.8%), from €39,009 to €43,209
- Depreciation +€644
up €644 (+6.3%), from €10,208 to €10,852
- Taxes -€359
down €359 (-11.2%), from €3,211 to €2,852
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 | €64,936 | €68,379 | +€3,442 | +5.3% |
| Fixed assets | 21/28 | €37,332 | €31,472 | -€5,860 | -15.7% |
| Tangible fixed assets | 22/27 | €24,937 | €19,077 | -€5,860 | -23.5% |
| Furniture and vehicles | 24 | €24,937 | €14,539 | -€10,398 | -41.7% |
| Other tangible fixed assets | 26 | - | €4,538 | +€4,538 | |
| Financial fixed assets | 28 | €12,395 | €12,395 | = | 0.0% |
| Current assets | 29/58 | €27,605 | €36,907 | +€9,302 | +33.7% |
| Amounts receivable within one year | 40/41 | €9,121 | €9,171 | +€50 | +0.5% |
| Trade receivables | 40 | €8,591 | €8,591 | = | 0.0% |
| Other amounts receivable | 41 | €530 | €580 | +€50 | +9.4% |
| Cash at bank and in hand | 54/58 | €17,063 | €27,143 | +€10,080 | +59.1% |
| Deferred charges and accrued income | 490/1 | €1,421 | €594 | -€827 | -58.2% |
| Total equity and liabilities | 10/49 | €64,936 | €68,379 | +€3,442 | +5.3% |
| Equity | 10/15 | €40,525 | €44,256 | +€3,731 | +9.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €39,009 | €43,209 | +€4,200 | +10.8% |
| Distributable reserves | 133 | €39,009 | €43,209 | +€4,200 | +10.8% |
| Profit (loss) carried forward | 14 | €516 | €47 | -€469 | -90.8% |
| Amounts payable | 17/49 | €24,411 | €24,122 | -€289 | -1.2% |
| Amounts payable within one year | 42/48 | €23,183 | €23,067 | -€116 | -0.5% |
| Financial debts | 43 | €12,395 | €12,395 | = | 0.0% |
| Other loans | 439 | €12,395 | €12,395 | = | 0.0% |
| Trade debts | 44 | €503 | €550 | +€47 | +9.4% |
| Suppliers | 440/4 | €503 | €550 | +€47 | +9.4% |
| Taxes, remuneration and social security | 45 | €4,378 | €4,315 | -€63 | -1.4% |
| Taxes | 450/3 | €4,378 | €4,315 | -€63 | -1.4% |
| Other amounts payable | 47/48 | €5,908 | €5,808 | -€100 | -1.7% |
| Accrued charges and deferred income | 492/3 | €1,228 | €1,055 | -€173 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,208 | €10,852 | +€644 | +6.3% |
| Other operating charges | 640/8 | €987 | €1,145 | +€158 | +16.0% |
| Gross operating margin | 9900 | €20,294 | €20,161 | -€133 | -0.7% |
| Operating profit (loss) | 9901 | €9,099 | €8,164 | -€935 | -10.3% |
| Financial income | 75/76B | €3 | €42 | +€39 | +1,275% |
| Recurring financial income | 75 | €3 | €42 | +€39 | +1,275% |
| Financial charges | 65/66B | €953 | €772 | -€180 | -18.9% |
| Recurring financial charges | 65 | €953 | €772 | -€180 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €8,150 | €7,433 | -€716 | -8.8% |
| Income taxes | 67/77 | €3,211 | €2,852 | -€359 | -11.2% |
| Profit (loss) for the period | 9904 | €4,938 | €4,581 | -€357 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,938 | €4,581 | -€357 | -7.2% |
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 15 October 2026 via checked.be.