BOREMI: 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.
BOREMI
Largest movements
- Cash -€10,658
down €10,658 (-78.5%), from €13,577 to €2,919
mainly Net result for the year (-€51,622) and Investment in fixed assets (net) (-€13,795)
- Tangible fixed assets -€9,464
down €9,464 (-1.3%), from €702,570 to €693,105
- Profit (loss) carried forward -€41,861
new in 2025: -€41,861
- Other debts +€24,543
up €24,543 (+120%), from €20,524 to €45,067
- Reserves -€9,761
down €9,761 (-8.3%), from €117,127 to €107,365
- Gross operating margin -€8,881
down €8,881 (-93.5%), from -€9,497 to -€18,378
- Financial charges -€1,825
down €1,825 (-28.8%), from €6,331 to €4,506
- Depreciation +€533
up €533 (+2.3%), from €22,727 to €23,260
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 | €717,757 | €697,534 | -€20,223 | -2.8% |
| Fixed assets | 21/28 | €702,570 | €693,105 | -€9,464 | -1.3% |
| Tangible fixed assets | 22/27 | €702,570 | €693,105 | -€9,464 | -1.3% |
| Land and buildings | 22 | €702,570 | €693,105 | -€9,464 | -1.3% |
| Current assets | 29/58 | €15,187 | €4,429 | -€10,759 | -70.8% |
| Amounts receivable within one year | 40/41 | €109 | €0 | -€109 | -100% |
| Trade receivables | 40 | €109 | €0 | -€109 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €13,577 | €2,919 | -€10,658 | -78.5% |
| Deferred charges and accrued income | 490/1 | €1,501 | €1,510 | +€8 | +0.5% |
| Total equity and liabilities | 10/49 | €717,757 | €697,534 | -€20,223 | -2.8% |
| Equity | 10/15 | €192,127 | €140,505 | -€51,622 | -26.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €117,127 | €107,365 | -€9,761 | -8.3% |
| Distributable reserves | 133 | €117,127 | €107,365 | -€9,761 | -8.3% |
| Profit (loss) carried forward | 14 | - | -€41,861 | -€41,861 | |
| Amounts payable | 17/49 | €525,630 | €557,029 | +€31,399 | +6.0% |
| Amounts payable after more than one year | 17 | €500,000 | €500,000 | = | 0.0% |
| Other amounts payable | 178/9 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €24,501 | €55,901 | +€31,399 | +128% |
| Trade debts | 44 | €3,978 | €10,834 | +€6,856 | +172% |
| Suppliers | 440/4 | €3,978 | €10,834 | +€6,856 | +172% |
| Other amounts payable | 47/48 | €20,524 | €45,067 | +€24,543 | +120% |
| Accrued charges and deferred income | 492/3 | €1,129 | €1,129 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,727 | €23,260 | +€533 | +2.3% |
| Other operating charges | 640/8 | €5,411 | €5,579 | +€168 | +3.1% |
| Gross operating margin | 9900 | -€9,497 | -€18,378 | -€8,881 | -93.5% |
| Operating profit (loss) | 9901 | -€37,635 | -€47,217 | -€9,582 | -25.5% |
| Financial income | 75/76B | €0 | €101 | +€101 | |
| Recurring financial income | 75 | €0 | €101 | +€101 | |
| Financial charges | 65/66B | €6,331 | €4,506 | -€1,825 | -28.8% |
| Recurring financial charges | 65 | €6,331 | €4,506 | -€1,825 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | -€43,966 | -€51,622 | -€7,656 | -17.4% |
| Income taxes | 67/77 | -€115 | €0 | +€115 | |
| Profit (loss) for the period | 9904 | -€43,851 | -€51,622 | -€7,771 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,851 | -€51,622 | -€7,771 | -17.7% |
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 18 October 2026 via checked.be.