BORETTI BELGIO: what changed
Two fiscal 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.
BORETTI BELGIO
Largest movements
- Receivables within one year +€42,635
up €42,635 (+173.5%), from €24,567 to €67,202
of which Other amounts receivable: +€36,854
- Deferred charges and accrued income -€3,277
no longer reported in 2025 (was €3,277)
- Cash +€1,990
up €1,990 (+84.3%), from €2,361 to €4,350
mainly Other debts (+€93,893) and Net result for the year (+€70,066)
- Tax, wage and social debts -€134,323
down €134,323 (-76.0%), from €176,759 to €42,436
of which Remuneration and social security: -€92,498
- Other debts +€93,893
up €93,893 (+2.7%), from €3.5m to €3.6m
- Profit (loss) carried forward +€70,066
up €70,066 (+1.7%), from -€4.2m to -€4.2m
- Accrued charges and deferred income +€6,983
up €6,983 (+361.4%), from €1,932 to €8,915
- Trade debts +€4,728
up €4,728 (+37.3%), from €12,689 to €17,418
- Staff costs -€342,711
down €342,711 (-71.2%), from €481,076 to €138,365
- Gross operating margin +€111,431
up €111,431 (+85.5%), from €130,267 to €241,698
- Financial charges -€107,713
down €107,713 (-82.0%), from €131,281 to €23,568
- Other operating charges +€8,955
up €8,955 (+2187.7%), from €409 to €9,365
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 | €30,205 | €71,552 | +€41,348 | +136.9% |
| Fixed assets | 21/28 | €0 | €0 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | 0.0% |
| Land and buildings | 22 | €0 | €0 | = | 0.0% |
| Current assets | 29/58 | €30,205 | €71,552 | +€41,348 | +136.9% |
| Amounts receivable within one year | 40/41 | €24,567 | €67,202 | +€42,635 | +173.5% |
| Trade receivables | 40 | - | €5,781 | +€5,781 | |
| Other amounts receivable | 41 | €24,567 | €61,421 | +€36,854 | +150.0% |
| Cash at bank and in hand | 54/58 | €2,361 | €4,350 | +€1,990 | +84.3% |
| Deferred charges and accrued income | 490/1 | €3,277 | - | -€3,277 | |
| Total equity and liabilities | 10/49 | €30,205 | €71,552 | +€41,348 | +136.9% |
| Equity | 10/15 | -€3,668,256 | -€3,598,190 | +€70,066 | +1.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €360,000 | €360,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €340,000 | €340,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,228,256 | -€4,158,190 | +€70,066 | +1.7% |
| Amounts payable | 17/49 | €3,698,461 | €3,669,742 | -€28,718 | -0.8% |
| Amounts payable within one year | 42/48 | €3,696,529 | €3,660,827 | -€35,702 | -1.0% |
| Trade debts | 44 | €12,689 | €17,418 | +€4,728 | +37.3% |
| Suppliers | 440/4 | €12,689 | €17,418 | +€4,728 | +37.3% |
| Taxes, remuneration and social security | 45 | €176,759 | €42,436 | -€134,323 | -76.0% |
| Taxes | 450/3 | €43,917 | €2,091 | -€41,825 | -95.2% |
| Remuneration and social security | 454/9 | €132,842 | €40,345 | -€92,498 | -69.6% |
| Other amounts payable | 47/48 | €3,507,081 | €3,600,974 | +€93,893 | +2.7% |
| Accrued charges and deferred income | 492/3 | €1,932 | €8,915 | +€6,983 | +361.4% |
| Remuneration, social security and pensions | 62 | €481,076 | €138,365 | -€342,711 | -71.2% |
| Other operating charges | 640/8 | €409 | €9,365 | +€8,955 | +2187.7% |
| Gross operating margin | 9900 | €130,267 | €241,698 | +€111,431 | +85.5% |
| Operating profit (loss) | 9901 | -€351,218 | €93,969 | +€445,187 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +400.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +400.0% |
| Financial charges | 65/66B | €131,281 | €23,568 | -€107,713 | -82.0% |
| Recurring financial charges | 65 | €131,281 | €23,568 | -€107,713 | -82.0% |
| Profit (loss) for the period before taxes | 9903 | -€482,499 | €70,401 | +€552,900 | |
| Income taxes | 67/77 | €1,756 | €335 | -€1,421 | -80.9% |
| Profit (loss) for the period | 9904 | -€484,255 | €70,066 | +€554,321 | |
| Profit (loss) for the period to be appropriated | 9905 | -€484,255 | €70,066 | +€554,321 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.