BOREEAL: 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.
BOREEAL
Largest movements
- Tangible fixed assets -€30,096
down €30,096 (-7.8%), from €385,941 to €355,845
of which Land and buildings: -€30,986
- Receivables within one year +€4,086
up €4,086 (+104.1%), from €3,927 to €8,013
of which Trade receivables: +€5,086
- Profit (loss) carried forward -€57,536
down €57,536 (-19.6%), from -€293,406 to -€350,942
- Other debts +€47,260
up €47,260 (+8.2%), from €579,183 to €626,443
- Debts after one year -€18,420
down €18,420 (-52.8%), from €34,867 to €16,448
- Current portion of long-term debt -€7,356
down €7,356 (-28.5%), from €25,775 to €18,420
- Trade debts +€6,934
up €6,934 (+337.1%), from €2,057 to €8,992
- Gross operating margin -€4,884
down €4,884 (-1018.4%), from -€480 to -€5,364
- Financial charges -€939
down €939 (-23.3%), from €4,030 to €3,091
- Depreciation +€628
up €628 (+1.4%), from €45,444 to €46,073
- Other operating charges +€103
up €103 (+4.2%), from €2,468 to €2,572
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 | €397,237 | €367,784 | -€29,452 | -7.4% |
| Fixed assets | 21/28 | €385,941 | €355,845 | -€30,096 | -7.8% |
| Tangible fixed assets | 22/27 | €385,941 | €355,845 | -€30,096 | -7.8% |
| Land and buildings | 22 | €384,473 | €353,487 | -€30,986 | -8.1% |
| Plant, machinery and equipment | 23 | €521 | €495 | -€26 | -5.0% |
| Furniture and vehicles | 24 | €947 | €1,863 | +€916 | +96.7% |
| Current assets | 29/58 | €11,295 | €11,940 | +€644 | +5.7% |
| Amounts receivable within one year | 40/41 | €3,927 | €8,013 | +€4,086 | +104.1% |
| Trade receivables | 40 | €2,141 | €7,228 | +€5,086 | +237.5% |
| Other amounts receivable | 41 | €1,785 | €785 | -€1,000 | -56.0% |
| Cash at bank and in hand | 54/58 | €4,942 | €1,422 | -€3,521 | -71.2% |
| Deferred charges and accrued income | 490/1 | €2,426 | €2,505 | +€79 | +3.3% |
| Total equity and liabilities | 10/49 | €397,237 | €367,784 | -€29,452 | -7.4% |
| Equity | 10/15 | -€248,406 | -€305,942 | -€57,536 | -23.2% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€293,406 | -€350,942 | -€57,536 | -19.6% |
| Amounts payable | 17/49 | €645,642 | €673,727 | +€28,084 | +4.3% |
| Amounts payable after more than one year | 17 | €34,867 | €16,448 | -€18,420 | -52.8% |
| Financial debts | 170/4 | €34,867 | €16,448 | -€18,420 | -52.8% |
| Amounts payable within one year | 42/48 | €607,987 | €654,339 | +€46,352 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €25,775 | €18,420 | -€7,356 | -28.5% |
| Trade debts | 44 | €2,057 | €8,992 | +€6,934 | +337.1% |
| Suppliers | 440/4 | €2,057 | €8,992 | +€6,934 | +337.1% |
| Taxes, remuneration and social security | 45 | €972 | €485 | -€487 | -50.1% |
| Taxes | 450/3 | €972 | €485 | -€487 | -50.1% |
| Other amounts payable | 47/48 | €579,183 | €626,443 | +€47,260 | +8.2% |
| Accrued charges and deferred income | 492/3 | €2,788 | €2,940 | +€152 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,444 | €46,073 | +€628 | +1.4% |
| Other operating charges | 640/8 | €2,468 | €2,572 | +€103 | +4.2% |
| Gross operating margin | 9900 | -€480 | -€5,364 | -€4,884 | -1018.4% |
| Operating profit (loss) | 9901 | -€48,392 | -€54,008 | -€5,616 | -11.6% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €4,030 | €3,091 | -€939 | -23.3% |
| Recurring financial charges | 65 | €4,030 | €3,091 | -€939 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | -€52,422 | -€57,095 | -€4,674 | -8.9% |
| Income taxes | 67/77 | €485 | €441 | -€44 | -9.1% |
| Profit (loss) for the period | 9904 | -€52,907 | -€57,536 | -€4,630 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,907 | -€57,536 | -€4,630 | -8.8% |
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 11 October 2026 via checked.be.