Boreta: 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.
What changed
Boreta
NACE 20.590, Manufacture of chemicals and chemical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €757,884+€673,470
Equity
€4.0m
2024 · €3.8m+€213,818
Cash
€1.3m
2024 · €969,829+€283,729
Balance sheet total
€10.5m
2024 · €12.1m-€1.6m
Largest movements
Assets
- Receivables within one year -€2.4m
down €2.4m (-55.3%), from €4.3m to €1.9m
of which Trade receivables: -€2.4m
- Financial fixed assets +€2.0m
up €2.0m (+81.5%), from €2.5m to €4.5m
- Tangible fixed assets -€1.5m
down €1.5m (-34.9%), from €4.2m to €2.8m
of which Land and buildings: -€1.0m
- Cash +€283,729
up €283,729 (+29.3%), from €969,829 to €1.3m
mainly Receivables within one year (+€2.4m) and Net result for the year (+€1.4m)
Equity and liabilities
- Trade debts -€855,701
down €855,701 (-44.0%), from €1.9m to €1.1m
- Debts after one year -€524,766
down €524,766 (-19.1%), from €2.8m to €2.2m
- Other debts -€500,000
down €500,000 (-29.4%), from €1.7m to €1.2m
- Profit (loss) carried forward +€231,354
up €231,354 (+181%), from €127,502 to €358,856
Income statement
- Gross operating margin +€477,225
up €477,225 (+27.3%), from €1.7m to €2.2m
- Financial income +€349,642
up €349,642 (+127%), from €275,226 to €624,868
- Taxes +€103,017
up €103,017 (+58.8%), from €175,055 to €278,072
- Staff costs +€82,150
up €82,150 (+16.2%), from €507,033 to €589,183
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.
Result 2024
€757,884
Gross operating margin
+€477,225
Staff costs
-€82,150
Depreciation
+€17,654
Write-downs
+€1,070
Other operating charges
+€4,342
Financial income
+€349,642
Financial charges
+€8,704
Taxes
-€103,017
Result 2025
€1.4m
raises the resultlowers the result
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.
From operations
+€2.9m
Investment
-€956,546
Financing
-€1.7m
Cash 2024
€969,829
From operations (derived)
+€2.9m
Net result for the year
+€1.4m
Depreciation
+€442,738
Stocks and contracts
+€20,355
Receivables within one year
+€2.4m
Trade debts
-€855,701
Tax, wage and social debts
+€5,968
Other debts
-€500,000
Investment (derived)
-€956,546
Investment in fixed assets (net)
-€956,546
Financing
-€1.7m
Debts after one year
-€524,766
Current portion of long-term debt
+€64,989
Contributions, distributions and other
-€1.2m
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,050,020 | €10,454,327 | -€1.6m | -13.2% |
| Fixed assets | 21/28 | €6,706,660 | €7,220,468 | +€513,808 | +7.7% |
| Intangible fixed assets | 21 | €5,296 | €2,846 | -€2,450 | -46.3% |
| Tangible fixed assets | 22/27 | €4,247,174 | €2,763,432 | -€1.5m | -34.9% |
| Land and buildings | 22 | €1,061,230 | €20,953 | -€1.0m | -98.0% |
| Plant, machinery and equipment | 23 | €523,685 | €405,726 | -€117,958 | -22.5% |
| Leasing and similar rights | 25 | €2,662,260 | €2,336,753 | -€325,507 | -12.2% |
| Financial fixed assets | 28 | €2,454,190 | €4,454,190 | +€2.0m | +81.5% |
| Current assets | 29/58 | €5,343,360 | €3,233,860 | -€2.1m | -39.5% |
| Stocks and contracts in progress | 3 | €83,789 | €63,434 | -€20,355 | -24.3% |
| Stocks | 30/36 | €83,789 | €63,434 | -€20,355 | -24.3% |
| Amounts receivable within one year | 40/41 | €4,289,743 | €1,916,868 | -€2.4m | -55.3% |
| Trade receivables | 40 | €3,351,130 | €975,862 | -€2.4m | -70.9% |
| Other amounts receivable | 41 | €938,613 | €941,006 | +€2,394 | +0.3% |
| Cash at bank and in hand | 54/58 | €969,829 | €1,253,557 | +€283,729 | +29.3% |
| Total equity and liabilities | 10/49 | €12,050,020 | €10,454,327 | -€1.6m | -13.2% |
| Equity | 10/15 | €3,829,906 | €4,043,723 | +€213,818 | +5.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Revaluation surpluses | 12 | €278,155 | €278,155 | = | 0.0% |
| Reserves | 13 | €3,116,420 | €3,116,420 | = | 0.0% |
| Non-distributable reserves | 130/1 | €140,000 | €140,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Other | 1319 | €125,000 | €125,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €276,420 | €276,420 | = | 0.0% |
| Distributable reserves | 133 | €2,700,000 | €2,700,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,502 | €358,856 | +€231,354 | +181% |
| Investment grants | 15 | €157,828 | €140,291 | -€17,536 | -11.1% |
| Provisions and deferred taxes | 16 | €1,196,472 | €1,196,472 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,196,472 | €1,196,472 | = | 0.0% |
| Environmental obligations | 163 | €1,196,472 | €1,196,472 | = | 0.0% |
| Amounts payable | 17/49 | €7,023,643 | €5,214,132 | -€1.8m | -25.8% |
| Amounts payable after more than one year | 17 | €2,750,803 | €2,226,037 | -€524,766 | -19.1% |
| Financial debts | 170/4 | €2,750,803 | €2,226,037 | -€524,766 | -19.1% |
| Amounts payable within one year | 42/48 | €4,267,840 | €2,983,095 | -€1.3m | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €518,418 | €583,406 | +€64,989 | +12.5% |
| Trade debts | 44 | €1,944,087 | €1,088,386 | -€855,701 | -44.0% |
| Suppliers | 440/4 | €1,944,087 | €1,088,386 | -€855,701 | -44.0% |
| Taxes, remuneration and social security | 45 | €105,335 | €111,303 | +€5,968 | +5.7% |
| Taxes | 450/3 | €64,858 | €64,858 | = | 0.0% |
| Remuneration and social security | 454/9 | €40,478 | €46,445 | +€5,968 | +14.7% |
| Other amounts payable | 47/48 | €1,700,000 | €1,200,000 | -€500,000 | -29.4% |
| Accrued charges and deferred income | 492/3 | €5,000 | €5,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €507,033 | €589,183 | +€82,150 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €460,392 | €442,738 | -€17,654 | -3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,070 | - | -€1,070 | |
| Other operating charges | 640/8 | €43,999 | €39,657 | -€4,342 | -9.9% |
| Gross operating margin | 9900 | €1,745,182 | €2,222,407 | +€477,225 | +27.3% |
| Operating profit (loss) | 9901 | €732,688 | €1,150,829 | +€418,141 | +57.1% |
| Financial income | 75/76B | €275,226 | €624,868 | +€349,642 | +127% |
| Recurring financial income | 75 | €275,226 | €624,868 | +€349,642 | +127% |
| Financial charges | 65/66B | €74,975 | €66,271 | -€8,704 | -11.6% |
| Recurring financial charges | 65 | €74,975 | €66,271 | -€8,704 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €932,939 | €1,709,426 | +€776,487 | +83.2% |
| Income taxes | 67/77 | €175,055 | €278,072 | +€103,017 | +58.8% |
| Profit (loss) for the period | 9904 | €757,884 | €1,431,354 | +€673,470 | +88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €757,884 | €1,431,354 | +€673,470 | +88.9% |
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 15 October 2026 via checked.be.