Boreas Wind Offshore: what changed
What changed
Boreas Wind Offshore
filed annual accounts (NBB)
Net result for the year
€19.6m
2025 · €36.9m-€17.3m
Equity
€112.8m
2025 · €111.8m+€1.0m
Cash
-
not filed
Balance sheet total
€131.4m
2025 · €146.8m-€15.4m
Largest movements
Assets
- Receivables within one year -€15.4m
down €15.4m (-36.5%), from €42.3m to €26.8m
Equity and liabilities
- Other debts -€16.5m
down €16.5m (-47.0%), from €35.0m to €18.6m
Income statement
- Financial income -€17.3m
down €17.3m (-46.9%), from €36.9m to €19.6m
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€36.9m
Other operating charges
+€929
Other operating items
-€601
Financial income
-€17.3m
Financial charges
-€31
Result 2026
€19.6m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €146,770,056 | €131,362,381 | -€15.4m | -10.5% |
| Fixed assets | 21/28 | €104,516,500 | €104,516,500 | = | 0.0% |
| Financial fixed assets | 28 | €104,516,500 | €104,516,500 | = | 0.0% |
| Affiliated companies | 280/1 | €104,516,500 | €104,516,500 | = | 0.0% |
| Participating interests | 280 | €104,516,500 | €104,516,500 | = | 0.0% |
| Current assets | 29/58 | €42,253,556 | €26,845,881 | -€15.4m | -36.5% |
| Amounts receivable within one year | 40/41 | €42,253,556 | €26,845,881 | -€15.4m | -36.5% |
| Other amounts receivable | 41 | €42,253,556 | €26,845,881 | -€15.4m | -36.5% |
| Total equity and liabilities | 10/49 | €146,770,056 | €131,362,381 | -€15.4m | -10.5% |
| Equity | 10/15 | €111,766,696 | €112,803,301 | +€1.0m | +0.9% |
| Contributions | 10/11 | €104,578,500 | €104,578,500 | = | 0.0% |
| Capital | 10 | €104,578,500 | €104,578,500 | = | 0.0% |
| Issued capital | 100 | €104,578,500 | €104,578,500 | = | 0.0% |
| Reserves | 13 | €7,100,000 | €8,100,000 | +€1.0m | +14.1% |
| Non-distributable reserves | 130/1 | €7,100,000 | €8,100,000 | +€1.0m | +14.1% |
| Legal reserve | 130 | €7,100,000 | €8,100,000 | +€1.0m | +14.1% |
| Profit (loss) carried forward | 14 | €88,196 | €124,801 | +€36,605 | +41.5% |
| Amounts payable | 17/49 | €35,003,360 | €18,559,081 | -€16.4m | -47.0% |
| Amounts payable within one year | 42/48 | €35,003,360 | €18,559,081 | -€16.4m | -47.0% |
| Trade debts | 44 | €3,360 | €9,081 | +€5,721 | +170% |
| Suppliers | 440/4 | €3,360 | €9,081 | +€5,721 | +170% |
| Other amounts payable | 47/48 | €35,000,000 | €18,550,000 | -€16.5m | -47.0% |
| Operating charges | 60/66A | €13,376 | €13,048 | -€329 | -2.5% |
| Services and other goods | 61 | €11,369 | €11,969 | +€601 | +5.3% |
| Other operating charges | 640/8 | €2,008 | €1,078 | -€929 | -46.3% |
| Operating profit (loss) | 9901 | -€13,376 | -€13,048 | +€329 | +2.5% |
| Financial income | 75/76B | €36,900,000 | €19,600,000 | -€17.3m | -46.9% |
| Recurring financial income | 75 | €36,900,000 | €19,600,000 | -€17.3m | -46.9% |
| Income from financial fixed assets | 750 | €36,900,000 | €19,600,000 | -€17.3m | -46.9% |
| Financial charges | 65/66B | €317 | €347 | +€31 | +9.7% |
| Recurring financial charges | 65 | €317 | €347 | +€31 | +9.7% |
| Other financial charges | 652/9 | €317 | €347 | +€31 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €36,886,307 | €19,586,605 | -€17.3m | -46.9% |
| Profit (loss) for the period | 9904 | €36,886,307 | €19,586,605 | -€17.3m | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,886,307 | €19,586,605 | -€17.3m | -46.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.