Borgers Consultancy: 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.
Borgers Consultancy
Largest movements
- Receivables within one year +€27,943
up €27,943 (+269.0%), from €10,386 to €38,329
of which Trade receivables: +€28,728
- Cash -€10,126
down €10,126 (-27.6%), from €36,654 to €26,527
mainly Receivables within one year (-€27,943) and Contributions, distributions and other (-€19,203)
- Tangible fixed assets -€5,108
down €5,108 (-58.1%), from €8,795 to €3,687
of which Furniture and vehicles: -€3,985
- Deferred charges and accrued income +€1,224
up €1,224 (+114.4%), from €1,069 to €2,293
- Trade debts +€7,980
up €7,980 (+438.2%), from €1,821 to €9,801
- Tax, wage and social debts +€7,282
up €7,282 (+257.3%), from €2,830 to €10,113
of which Taxes: +€7,282
- Reserves -€1,816
down €1,816 (-9.5%), from €19,203 to €17,387
- Accrued charges and deferred income +€858
new in 2025: €858
- Gross operating margin +€9,080
up €9,080 (+42.3%), from €21,482 to €30,563
- Taxes +€1,785
up €1,785 (+44.9%), from €3,973 to €5,759
- Financial charges -€340
down €340 (-14.9%), from €2,281 to €1,941
- Depreciation -€306
down €306 (-5.7%), from €5,414 to €5,108
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 | €56,904 | €70,837 | +€13,933 | +24.5% |
| Fixed assets | 21/28 | €8,795 | €3,687 | -€5,108 | -58.1% |
| Tangible fixed assets | 22/27 | €8,795 | €3,687 | -€5,108 | -58.1% |
| Plant, machinery and equipment | 23 | €1,769 | €962 | -€807 | -45.6% |
| Furniture and vehicles | 24 | €5,348 | €1,363 | -€3,985 | -74.5% |
| Other tangible fixed assets | 26 | €1,679 | €1,363 | -€316 | -18.8% |
| Current assets | 29/58 | €48,109 | €67,150 | +€19,040 | +39.6% |
| Amounts receivable within one year | 40/41 | €10,386 | €38,329 | +€27,943 | +269.0% |
| Trade receivables | 40 | €9,359 | €38,088 | +€28,728 | +306.9% |
| Other amounts receivable | 41 | €1,027 | €241 | -€785 | -76.5% |
| Cash at bank and in hand | 54/58 | €36,654 | €26,527 | -€10,126 | -27.6% |
| Deferred charges and accrued income | 490/1 | €1,069 | €2,293 | +€1,224 | +114.4% |
| Total equity and liabilities | 10/49 | €56,904 | €70,837 | +€13,933 | +24.5% |
| Equity | 10/15 | €26,703 | €24,887 | -€1,816 | -6.8% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €19,203 | €17,387 | -€1,816 | -9.5% |
| Distributable reserves | 133 | €19,203 | €17,387 | -€1,816 | -9.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €30,201 | €45,950 | +€15,749 | +52.1% |
| Amounts payable within one year | 42/48 | €30,201 | €45,092 | +€14,891 | +49.3% |
| Trade debts | 44 | €1,821 | €9,801 | +€7,980 | +438.2% |
| Suppliers | 440/4 | €1,821 | €9,801 | +€7,980 | +438.2% |
| Taxes, remuneration and social security | 45 | €2,830 | €10,113 | +€7,282 | +257.3% |
| Taxes | 450/3 | €2,830 | €10,113 | +€7,282 | +257.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €25,549 | €25,179 | -€371 | -1.5% |
| Accrued charges and deferred income | 492/3 | - | €858 | +€858 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,414 | €5,108 | -€306 | -5.7% |
| Other operating charges | 640/8 | €262 | €369 | +€107 | +40.7% |
| Gross operating margin | 9900 | €21,482 | €30,563 | +€9,080 | +42.3% |
| Operating profit (loss) | 9901 | €15,806 | €25,086 | +€9,280 | +58.7% |
| Financial income | 75/76B | €12 | €0 | -€12 | -100.0% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -100.0% |
| Financial charges | 65/66B | €2,281 | €1,941 | -€340 | -14.9% |
| Recurring financial charges | 65 | €2,281 | €1,941 | -€340 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €13,537 | €23,146 | +€9,608 | +71.0% |
| Income taxes | 67/77 | €3,973 | €5,759 | +€1,785 | +44.9% |
| Profit (loss) for the period | 9904 | €9,564 | €17,387 | +€7,823 | +81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,564 | €17,387 | +€7,823 | +81.8% |
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 5 October 2026 via checked.be.