BORGERS CONSULTING: 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.
BORGERS CONSULTING
Largest movements
- Financial fixed assets +€25,000
up €25,000 (+62.5%), from €40,000 to €65,000
- Cash -€22,192
down €22,192 (-32.7%), from €67,831 to €45,638
mainly Investment in fixed assets (net) (-€28,511) and Contributions, distributions and other (-€24,000)
- Receivables within one year +€4,817
up €4,817 (+29.7%), from €16,243 to €21,060
of which Trade receivables: +€6,050
- Tangible fixed assets +€1,912
up €1,912 (+111%), from €1,728 to €3,640
- Reserves +€10,000
up €10,000 (+12.2%), from €81,657 to €91,657
of which Distributable reserves: +€10,000
- Tax, wage and social debts -€2,174
down €2,174 (-90.4%), from €2,404 to €230
- Gross operating margin -€7,548
down €7,548 (-14.6%), from €51,862 to €44,314
- Taxes -€2,178
down €2,178 (-18.7%), from €11,674 to €9,496
- Financial income +€1,847
up €1,847 (+315%), from €586 to €2,433
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 | €133,926 | €143,379 | +€9,453 | +7.1% |
| Fixed assets | 21/28 | €41,728 | €68,640 | +€26,912 | +64.5% |
| Tangible fixed assets | 22/27 | €1,728 | €3,640 | +€1,912 | +111% |
| Plant, machinery and equipment | 23 | €1,728 | €3,640 | +€1,912 | +111% |
| Financial fixed assets | 28 | €40,000 | €65,000 | +€25,000 | +62.5% |
| Current assets | 29/58 | €92,198 | €74,739 | -€17,459 | -18.9% |
| Amounts receivable within one year | 40/41 | €16,243 | €21,060 | +€4,817 | +29.7% |
| Trade receivables | 40 | €6,050 | €12,100 | +€6,050 | +100% |
| Other amounts receivable | 41 | €10,193 | €8,960 | -€1,233 | -12.1% |
| Current investments | 50/53 | €160 | €160 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,831 | €45,638 | -€22,192 | -32.7% |
| Deferred charges and accrued income | 490/1 | €7,964 | €7,881 | -€83 | -1.0% |
| Total equity and liabilities | 10/49 | €133,926 | €143,379 | +€9,453 | +7.1% |
| Equity | 10/15 | €107,522 | €118,288 | +€10,766 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €81,657 | €91,657 | +€10,000 | +12.2% |
| Non-distributable reserves | 130/1 | €1,657 | €1,657 | = | 0.0% |
| Legal reserve | 130 | €1,657 | €1,657 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €90,000 | +€10,000 | +12.5% |
| Profit (loss) carried forward | 14 | €7,265 | €8,031 | +€766 | +10.5% |
| Amounts payable | 17/49 | €26,404 | €25,091 | -€1,313 | -5.0% |
| Amounts payable within one year | 42/48 | €26,404 | €25,091 | -€1,313 | -5.0% |
| Trade debts | 44 | - | €861 | +€861 | |
| Suppliers | 440/4 | - | €861 | +€861 | |
| Taxes, remuneration and social security | 45 | €2,404 | €230 | -€2,174 | -90.4% |
| Taxes | 450/3 | €2,404 | €230 | -€2,174 | -90.4% |
| Other amounts payable | 47/48 | €24,000 | €24,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,351 | €1,598 | +€247 | +18.3% |
| Other operating charges | 640/8 | €955 | €678 | -€277 | -29.0% |
| Gross operating margin | 9900 | €51,862 | €44,314 | -€7,548 | -14.6% |
| Operating profit (loss) | 9901 | €49,556 | €42,038 | -€7,518 | -15.2% |
| Financial income | 75/76B | €586 | €2,433 | +€1,847 | +315% |
| Recurring financial income | 75 | €586 | €2,433 | +€1,847 | +315% |
| Financial charges | 65/66B | €221 | €208 | -€12 | -5.5% |
| Recurring financial charges | 65 | €221 | €208 | -€12 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €49,921 | €44,262 | -€5,659 | -11.3% |
| Income taxes | 67/77 | €11,674 | €9,496 | -€2,178 | -18.7% |
| Profit (loss) for the period | 9904 | €38,247 | €34,766 | -€3,481 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,247 | €34,766 | -€3,481 | -9.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.