Borg-Building: 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.
Borg-Building
Largest movements
- Tangible fixed assets -€22,050
down €22,050 (-6.4%), from €342,750 to €320,700
of which Land and buildings: -€22,050
- Other debts -€30,121
down €30,121 (-56.1%), from €53,702 to €23,581
- Profit (loss) carried forward +€21,125
up €21,125 (+20.4%), from €103,668 to €124,793
- Debts after one year -€17,783
down €17,783 (-12.3%), from €144,157 to €126,374
- Trade debts +€8,027
up €8,027 (+137.9%), from €5,820 to €13,847
- Current portion of long-term debt -€4,041
down €4,041 (-18.1%), from €22,324 to €18,284
- Gross operating margin +€12,047
up €12,047 (+30.4%), from €39,587 to €51,634
- Financial charges -€5,420
down €5,420 (-74.7%), from €7,256 to €1,836
- Write-downs -€4,400
no longer reported in 2025 (was €4,400)
- Taxes +€1,992
new in 2025: €1,992
- Other operating charges +€1,928
new in 2025: €1,928
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 | €350,132 | €329,222 | -€20,909 | -6.0% |
| Fixed assets | 21/28 | €346,600 | €324,550 | -€22,050 | -6.4% |
| Tangible fixed assets | 22/27 | €342,750 | €320,700 | -€22,050 | -6.4% |
| Land and buildings | 22 | €342,750 | €320,700 | -€22,050 | -6.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €3,850 | €3,850 | = | 0.0% |
| Current assets | 29/58 | €3,531 | €4,672 | +€1,141 | +32.3% |
| Cash at bank and in hand | 54/58 | €3,531 | €4,672 | +€1,141 | +32.3% |
| Total equity and liabilities | 10/49 | €350,132 | €329,222 | -€20,909 | -6.0% |
| Equity | 10/15 | €124,128 | €145,253 | +€21,125 | +17.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,668 | €124,793 | +€21,125 | +20.4% |
| Amounts payable | 17/49 | €226,004 | €183,969 | -€42,034 | -18.6% |
| Amounts payable after more than one year | 17 | €144,157 | €126,374 | -€17,783 | -12.3% |
| Financial debts | 170/4 | €144,157 | €126,374 | -€17,783 | -12.3% |
| Amounts payable within one year | 42/48 | €81,846 | €57,595 | -€24,251 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €22,324 | €18,284 | -€4,041 | -18.1% |
| Trade debts | 44 | €5,820 | €13,847 | +€8,027 | +137.9% |
| Suppliers | 440/4 | €5,820 | €13,847 | +€8,027 | +137.9% |
| Taxes, remuneration and social security | 45 | - | €1,883 | +€1,883 | |
| Taxes | 450/3 | - | €1,883 | +€1,883 | |
| Other amounts payable | 47/48 | €53,702 | €23,581 | -€30,121 | -56.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,482 | €24,752 | +€270 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,400 | - | -€4,400 | |
| Other operating charges | 640/8 | - | €1,928 | +€1,928 | |
| Gross operating margin | 9900 | €39,587 | €51,634 | +€12,047 | +30.4% |
| Operating profit (loss) | 9901 | €10,705 | €24,953 | +€14,248 | +133.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €7,256 | €1,836 | -€5,420 | -74.7% |
| Recurring financial charges | 65 | €7,256 | €1,836 | -€5,420 | -74.7% |
| Profit (loss) for the period before taxes | 9903 | €3,449 | €23,117 | +€19,668 | +570.2% |
| Income taxes | 67/77 | - | €1,992 | +€1,992 | |
| Profit (loss) for the period | 9904 | €3,449 | €21,125 | +€17,676 | +512.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,449 | €21,125 | +€17,676 | +512.4% |
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 2 October 2026 via checked.be.