BORETTI LOGISTICS: 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 LOGISTICS
Largest movements
- Stocks and contracts -€982,412
down €982,412 (-55.5%), from €1.8m to €787,762
- Receivables within one year +€697,724
up €697,724 (+25.5%), from €2.7m to €3.4m
- Trade debts -€207,235
down €207,235 (-74.1%), from €279,645 to €72,411
- Other debts -€52,083
down €52,083 (-93.9%), from €55,470 to €3,388
- Short-term financial debts -€49,408
down €49,408 (-2.3%), from €2.2m to €2.1m
- Turnover -€7.1m
no longer reported in 2025 (was €7.1m)
- Goods and materials -€6.7m
no longer reported in 2025 (was €6.7m)
of which Purchases: -€5.7m
- Gross operating margin +€198,776
new in 2025: €198,776
- Services and other goods -€86,703
no longer reported in 2025 (was €86,703)
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 | €4,509,807 | €4,220,545 | -€289,262 | -6.4% |
| Current assets | 29/58 | €4,509,807 | €4,220,545 | -€289,262 | -6.4% |
| Stocks and contracts in progress | 3 | €1,770,174 | €787,762 | -€982,412 | -55.5% |
| Stocks | 30/36 | €1,770,174 | €787,762 | -€982,412 | -55.5% |
| Goods purchased for resale | 34 | €1,770,174 | - | -€1.8m | |
| Amounts receivable within one year | 40/41 | €2,734,057 | €3,431,781 | +€697,724 | +25.5% |
| Other amounts receivable | 41 | €2,734,057 | €3,431,781 | +€697,724 | +25.5% |
| Cash at bank and in hand | 54/58 | €5,576 | €1,002 | -€4,573 | -82.0% |
| Total equity and liabilities | 10/49 | €4,509,807 | €4,220,545 | -€289,262 | -6.4% |
| Equity | 10/15 | €1,683,405 | €1,684,775 | +€1,371 | +0.1% |
| Contributions | 10/11 | €2,018,600 | €2,018,600 | = | 0.0% |
| Reserves | 13 | €544 | €544 | = | 0.0% |
| Non-distributable reserves | 130/1 | €544 | €544 | = | 0.0% |
| Reserves not available under the articles | 1311 | €544 | €544 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€335,739 | -€334,368 | +€1,371 | +0.4% |
| Amounts payable | 17/49 | €2,826,402 | €2,535,770 | -€290,633 | -10.3% |
| Amounts payable within one year | 42/48 | €2,822,786 | €2,507,375 | -€315,411 | -11.2% |
| Financial debts | 43 | €2,152,901 | €2,103,493 | -€49,408 | -2.3% |
| Credit institutions | 430/8 | €2,152,901 | €2,103,493 | -€49,408 | -2.3% |
| Trade debts | 44 | €279,645 | €72,411 | -€207,235 | -74.1% |
| Suppliers | 440/4 | €279,645 | €72,411 | -€207,235 | -74.1% |
| Advances received on contracts in progress | 46 | €324,516 | €324,516 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,254 | €3,568 | -€6,686 | -65.2% |
| Taxes | 450/3 | €10,254 | €3,568 | -€6,686 | -65.2% |
| Other amounts payable | 47/48 | €55,470 | €3,388 | -€52,083 | -93.9% |
| Accrued charges and deferred income | 492/3 | €3,616 | €28,395 | +€24,779 | +685.3% |
| Operating income | 70/76A | €7,080,638 | - | -€7.1m | |
| Turnover | 70 | €7,080,638 | - | -€7.1m | |
| Operating charges | 60/66A | €6,818,097 | - | -€6.8m | |
| Goods for resale, raw materials and consumables | 60 | €6,730,309 | - | -€6.7m | |
| Purchases | 600/8 | €5,738,437 | - | -€5.7m | |
| Change in stocks: decrease (increase) | 609 | €991,871 | - | -€991,871 | |
| Services and other goods | 61 | €86,703 | - | -€86,703 | |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | - | €198,776 | +€198,776 | |
| Operating profit (loss) | 9901 | €262,541 | €197,658 | -€64,883 | -24.7% |
| Financial income | 75/76B | €97,368 | €27,944 | -€69,424 | -71.3% |
| Recurring financial income | 75 | €97,368 | €27,944 | -€69,424 | -71.3% |
| Income from current assets | 751 | €97,368 | - | -€97,368 | |
| Financial charges | 65/66B | €294,380 | €224,232 | -€70,148 | -23.8% |
| Recurring financial charges | 65 | €294,380 | €224,232 | -€70,148 | -23.8% |
| Debt charges | 650 | €189,950 | - | -€189,950 | |
| Other financial charges | 652/9 | €104,429 | - | -€104,429 | |
| Profit (loss) for the period before taxes | 9903 | €65,530 | €1,371 | -€64,159 | -97.9% |
| Profit (loss) for the period | 9904 | €65,530 | €1,371 | -€64,159 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €65,530 | €1,371 | -€64,159 | -97.9% |
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 7 October 2026 via checked.be.