BOREUX JF & Co: 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.
BOREUX JF & Co
Largest movements
- Tangible fixed assets -€130,647
down €130,647 (-14.3%), from €914,690 to €784,044
of which Plant, machinery and equipment: -€128,965
- Receivables within one year -€43,955
down €43,955 (-13.8%), from €318,995 to €275,040
of which Trade receivables: -€86,946
- Cash -€28,585
down €28,585 (-6.0%), from €474,930 to €446,346
mainly Trade debts (-€247,900) and Investment in fixed assets (net) (-€202,509)
- Trade debts -€247,900
down €247,900 (-93.2%), from €265,901 to €18,002
- Profit (loss) carried forward +€51,137
up €51,137 (+9.3%), from €547,043 to €598,180
- Reserves +€50,000
up €50,000 (+60.7%), from €82,400 to €132,400
of which Distributable reserves: +€50,000
- Debts after one year -€37,246
down €37,246 (-9.1%), from €409,407 to €372,160
- Other debts -€24,141
down €24,141 (-35.0%), from €68,899 to €44,758
- Gross operating margin +€81,615
up €81,615 (+17.3%), from €471,536 to €553,151
- Write-downs +€45,000
new in 2025: €45,000
- Financial income +€24,770
up €24,770 (+38.8%), from €63,920 to €88,689
of which Non-recurring financial income: +€23,989
- Taxes +€20,601
up €20,601 (+797%), from €2,585 to €23,186
- Depreciation -€11,499
down €11,499 (-3.3%), from €344,655 to €333,156
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 | €1,708,666 | €1,505,479 | -€203,187 | -11.9% |
| Fixed assets | 21/28 | €914,740 | €784,094 | -€130,647 | -14.3% |
| Tangible fixed assets | 22/27 | €914,690 | €784,044 | -€130,647 | -14.3% |
| Land and buildings | 22 | €16,363 | €26,151 | +€9,789 | +59.8% |
| Plant, machinery and equipment | 23 | €857,932 | €728,967 | -€128,965 | -15.0% |
| Furniture and vehicles | 24 | €40,396 | €28,925 | -€11,471 | -28.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €793,925 | €721,386 | -€72,540 | -9.1% |
| Amounts receivable within one year | 40/41 | €318,995 | €275,040 | -€43,955 | -13.8% |
| Trade receivables | 40 | €261,489 | €174,543 | -€86,946 | -33.3% |
| Other amounts receivable | 41 | €57,506 | €100,497 | +€42,991 | +74.8% |
| Cash at bank and in hand | 54/58 | €474,930 | €446,346 | -€28,585 | -6.0% |
| Total equity and liabilities | 10/49 | €1,708,666 | €1,505,479 | -€203,187 | -11.9% |
| Equity | 10/15 | €744,201 | €845,337 | +€101,137 | +13.6% |
| Contributions | 10/11 | €74,000 | €74,000 | = | 0.0% |
| Reserves | 13 | €82,400 | €132,400 | +€50,000 | +60.7% |
| Non-distributable reserves | 130/1 | €7,400 | €7,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,400 | €7,400 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €125,000 | +€50,000 | +66.7% |
| Profit (loss) carried forward | 14 | €547,043 | €598,180 | +€51,137 | +9.3% |
| Investment grants | 15 | €40,758 | €40,758 | = | 0.0% |
| Amounts payable | 17/49 | €964,465 | €660,142 | -€304,323 | -31.6% |
| Amounts payable after more than one year | 17 | €409,407 | €372,160 | -€37,246 | -9.1% |
| Financial debts | 170/4 | €409,407 | €372,160 | -€37,246 | -9.1% |
| Amounts payable within one year | 42/48 | €555,059 | €287,981 | -€267,077 | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €204,798 | €191,541 | -€13,257 | -6.5% |
| Trade debts | 44 | €265,901 | €18,002 | -€247,900 | -93.2% |
| Suppliers | 440/4 | €265,901 | €18,002 | -€247,900 | -93.2% |
| Taxes, remuneration and social security | 45 | €15,460 | €33,681 | +€18,221 | +118% |
| Taxes | 450/3 | €2,761 | €23,379 | +€20,618 | +747% |
| Remuneration and social security | 454/9 | €12,699 | €10,302 | -€2,397 | -18.9% |
| Other amounts payable | 47/48 | €68,899 | €44,758 | -€24,141 | -35.0% |
| Remuneration, social security and pensions | 62 | €103,931 | €113,926 | +€9,995 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €344,655 | €333,156 | -€11,499 | -3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €45,000 | +€45,000 | |
| Other operating charges | 640/8 | €2,867 | €3,487 | +€619 | +21.6% |
| Gross operating margin | 9900 | €471,536 | €553,151 | +€81,615 | +17.3% |
| Operating profit (loss) | 9901 | €20,083 | €57,583 | +€37,500 | +187% |
| Financial income | 75/76B | €63,920 | €88,689 | +€24,770 | +38.8% |
| Recurring financial income | 75 | €910 | €1,690 | +€780 | +85.8% |
| Non-recurring financial income | 76B | €63,010 | €86,999 | +€23,989 | +38.1% |
| Financial charges | 65/66B | €17,400 | €21,949 | +€4,549 | +26.1% |
| Recurring financial charges | 65 | €17,400 | €21,949 | +€4,549 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | €66,602 | €124,323 | +€57,721 | +86.7% |
| Income taxes | 67/77 | €2,585 | €23,186 | +€20,601 | +797% |
| Profit (loss) for the period | 9904 | €64,017 | €101,137 | +€37,120 | +58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €64,017 | €101,137 | +€37,120 | +58.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.