BORET - POLLET: 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.
BORET - POLLET
Largest movements
- Receivables within one year -€1.1m
down €1.1m (-97.8%), from €1.1m to €24,306
of which Other amounts receivable: -€941,550
- Tangible fixed assets -€936,374
down €936,374 (-43.3%), from €2.2m to €1.2m
of which Land and buildings: -€875,138
- Cash +€220,817
up €220,817 (+13.7%), from €1.6m to €1.8m
mainly Net result for the year (+€1.3m) and Receivables within one year (+€1.1m)
- Debts after one year -€714,416
down €714,416 (-100%), from €714,416 to €0
- Reserves -€595,930
down €595,930 (-23.6%), from €2.5m to €1.9m
of which Distributable reserves: -€582,013
- Current portion of long-term debt -€325,103
down €325,103 (-100%), from €325,103 to €0
- Short-term financial debts -€138,602
down €138,602 (-100%), from €138,602 to €0
- Accrued charges and deferred income -€56,435
down €56,435 (-99.2%), from €56,879 to €444
- Gross operating margin +€552,585
up €552,585 (+13.2%), from €4.2m to €4.7m
- Taxes +€156,723
up €156,723 (+53.9%), from €290,918 to €447,641
- Depreciation -€143,057
down €143,057 (-31.8%), from €449,277 to €306,219
- Staff costs +€90,568
up €90,568 (+3.8%), from €2.4m to €2.5m
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,617,828 | €3,767,641 | -€1.9m | -32.9% |
| Fixed assets | 21/28 | €2,209,949 | €1,263,575 | -€946,374 | -42.8% |
| Intangible fixed assets | 21 | €30,154 | €30,154 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,163,192 | €1,226,818 | -€936,374 | -43.3% |
| Land and buildings | 22 | €1,978,851 | €1,103,713 | -€875,138 | -44.2% |
| Plant, machinery and equipment | 23 | €175,855 | €121,299 | -€54,555 | -31.0% |
| Furniture and vehicles | 24 | €8,486 | €1,806 | -€6,681 | -78.7% |
| Financial fixed assets | 28 | €16,603 | €6,603 | -€10,000 | -60.2% |
| Current assets | 29/58 | €3,407,879 | €2,504,066 | -€903,813 | -26.5% |
| Stocks and contracts in progress | 3 | €628,762 | €621,790 | -€6,972 | -1.1% |
| Stocks | 30/36 | €628,762 | €621,790 | -€6,972 | -1.1% |
| Amounts receivable within one year | 40/41 | €1,118,372 | €24,306 | -€1.1m | -97.8% |
| Trade receivables | 40 | €176,397 | €23,882 | -€152,515 | -86.5% |
| Other amounts receivable | 41 | €941,975 | €424 | -€941,550 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,607,595 | €1,828,412 | +€220,817 | +13.7% |
| Deferred charges and accrued income | 490/1 | €53,150 | €29,557 | -€23,593 | -44.4% |
| Total equity and liabilities | 10/49 | €5,617,828 | €3,767,641 | -€1.9m | -32.9% |
| Equity | 10/15 | €2,563,770 | €1,942,869 | -€620,900 | -24.2% |
| Contributions | 10/11 | €33,642 | €8,672 | -€24,970 | -74.2% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €2,530,128 | €1,934,198 | -€595,930 | -23.6% |
| Tax-exempt reserves | 132 | €18,750 | €4,833 | -€13,917 | -74.2% |
| Distributable reserves | 133 | €2,511,378 | €1,929,364 | -€582,013 | -23.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €3,054,058 | €1,824,772 | -€1.2m | -40.3% |
| Amounts payable after more than one year | 17 | €714,416 | €0 | -€714,416 | -100% |
| Financial debts | 170/4 | €714,416 | €0 | -€714,416 | -100% |
| Amounts payable within one year | 42/48 | €2,282,764 | €1,824,327 | -€458,436 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €325,103 | €0 | -€325,103 | -100% |
| Financial debts | 43 | €138,602 | €0 | -€138,602 | -100% |
| Credit institutions | 430/8 | €138,602 | €0 | -€138,602 | -100% |
| Trade debts | 44 | €1,488,630 | €1,454,723 | -€33,907 | -2.3% |
| Suppliers | 440/4 | €1,488,630 | €1,454,723 | -€33,907 | -2.3% |
| Taxes, remuneration and social security | 45 | €324,394 | €369,605 | +€45,211 | +13.9% |
| Taxes | 450/3 | €15,076 | €61,869 | +€46,794 | +310% |
| Remuneration and social security | 454/9 | €309,318 | €307,735 | -€1,583 | -0.5% |
| Other amounts payable | 47/48 | €6,034 | €0 | -€6,034 | -100% |
| Accrued charges and deferred income | 492/3 | €56,879 | €444 | -€56,435 | -99.2% |
| Non-recurring operating income | 76A | - | €83,194 | +€83,194 | |
| Remuneration, social security and pensions | 62 | €2,414,371 | €2,504,938 | +€90,568 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €449,277 | €306,219 | -€143,057 | -31.8% |
| Other operating charges | 640/8 | €196,904 | €189,551 | -€7,353 | -3.7% |
| Non-recurring operating charges | 66A | €966,851 | €2,028 | -€964,823 | -99.8% |
| Gross operating margin | 9900 | €4,197,057 | €4,749,642 | +€552,585 | +13.2% |
| Operating profit (loss) | 9901 | €169,655 | €1,746,905 | +€1.6m | +930% |
| Financial income | 75/76B | €16,486 | €5,083 | -€11,403 | -69.2% |
| Recurring financial income | 75 | €16,486 | €5,083 | -€11,403 | -69.2% |
| Financial charges | 65/66B | €30,826 | €22,339 | -€8,487 | -27.5% |
| Recurring financial charges | 65 | €30,826 | €22,339 | -€8,487 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €155,314 | €1,729,649 | +€1.6m | +1,014% |
| Income taxes | 67/77 | €290,918 | €447,641 | +€156,723 | +53.9% |
| Profit (loss) for the period | 9904 | -€135,604 | €1,282,008 | +€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€135,604 | €1,282,008 | +€1.4m |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.