BORECRIMO: 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.
BORECRIMO
Largest movements
- Cash -€5,134
down €5,134 (-100.0%), from €5,134 to €0
mainly Investment in fixed assets (net) (-€19,270) and Debts after one year (-€5,301)
- Receivables within one year +€3,011
up €3,011, from €0 to €3,011
of which Trade receivables: +€3,011
- Profit (loss) carried forward +€9,312
up €9,312, from -€9,312 to €0
- Debts after one year -€5,301
down €5,301 (-29.0%), from €18,301 to €13,000
- Current portion of long-term debt -€4,931
down €4,931 (-48.2%), from €10,232 to €5,301
- Gross operating margin +€7,903
up €7,903 (+35.1%), from €22,502 to €30,405
- Taxes +€414
new in 2025: €414
- Financial charges -€412
down €412 (-17.4%), from €2,375 to €1,963
- Depreciation -€311
down €311 (-1.7%), from €18,328 to €18,017
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.
Cash bridge derived
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 | €171,043 | €170,191 | -€852 | -0.5% |
| Fixed assets | 21/28 | €163,721 | €164,974 | +€1,253 | +0.8% |
| Tangible fixed assets | 22/27 | €163,721 | €164,974 | +€1,253 | +0.8% |
| Land and buildings | 22 | €73,837 | €68,215 | -€5,622 | -7.6% |
| Plant, machinery and equipment | 23 | €87,044 | €94,219 | +€7,175 | +8.2% |
| Furniture and vehicles | 24 | €2,840 | €2,539 | -€301 | -10.6% |
| Current assets | 29/58 | €7,322 | €5,217 | -€2,105 | -28.7% |
| Amounts receivable within one year | 40/41 | €0 | €3,011 | +€3,011 | |
| Trade receivables | 40 | €0 | €3,011 | +€3,011 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €5,134 | €0 | -€5,134 | -100.0% |
| Deferred charges and accrued income | 490/1 | €2,188 | €2,205 | +€18 | +0.8% |
| Total equity and liabilities | 10/49 | €171,043 | €170,191 | -€852 | -0.5% |
| Equity | 10/15 | €57,815 | €67,283 | +€9,468 | +16.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €5,627 | €5,783 | +€156 | +2.8% |
| Non-distributable reserves | 130/1 | €734 | €741 | +€8 | +1.1% |
| Legal reserve | 130 | €734 | €741 | +€8 | +1.1% |
| Distributable reserves | 133 | €4,893 | €5,042 | +€148 | +3.0% |
| Profit (loss) carried forward | 14 | -€9,312 | €0 | +€9,312 | |
| Amounts payable | 17/49 | €113,228 | €102,908 | -€10,320 | -9.1% |
| Amounts payable after more than one year | 17 | €18,301 | €13,000 | -€5,301 | -29.0% |
| Financial debts | 170/4 | €18,301 | €13,000 | -€5,301 | -29.0% |
| Amounts payable within one year | 42/48 | €94,192 | €89,173 | -€5,019 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €10,232 | €5,301 | -€4,931 | -48.2% |
| Financial debts | 43 | - | €1,221 | +€1,221 | |
| Credit institutions | 430/8 | - | €1,221 | +€1,221 | |
| Trade debts | 44 | €2,632 | €1,956 | -€676 | -25.7% |
| Suppliers | 440/4 | €2,632 | €1,956 | -€676 | -25.7% |
| Taxes, remuneration and social security | 45 | - | €414 | +€414 | |
| Taxes | 450/3 | - | €414 | +€414 | |
| Other amounts payable | 47/48 | €81,328 | €80,281 | -€1,047 | -1.3% |
| Accrued charges and deferred income | 492/3 | €735 | €735 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,328 | €18,017 | -€311 | -1.7% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €22,502 | €30,405 | +€7,903 | +35.1% |
| Operating profit (loss) | 9901 | €3,646 | €11,844 | +€8,198 | +224.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +166.7% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +166.7% |
| Financial charges | 65/66B | €2,375 | €1,963 | -€412 | -17.4% |
| Recurring financial charges | 65 | €2,375 | €1,963 | -€412 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €1,272 | €9,882 | +€8,610 | +677.1% |
| Income taxes | 67/77 | - | €414 | +€414 | |
| Profit (loss) for the period | 9904 | €1,272 | €9,468 | +€8,197 | +644.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,272 | €9,468 | +€8,197 | +644.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.