BORGERS IMMO GROUP: 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 IMMO GROUP
Largest movements
- Tangible fixed assets -€50,036
down €50,036 (-4.7%), from €1.1m to €1.0m
of which Land and buildings: -€40,814
- Profit (loss) carried forward -€60,821
down €60,821 (-32.6%), from -€186,700 to -€247,521
- Other operating charges -€6,728
down €6,728 (-67.3%), from €10,002 to €3,274
- Gross operating margin -€2,687
down €2,687 (-30.5%), from €8,822 to €6,135
- Financial charges -€2,099
down €2,099 (-12.9%), from €16,236 to €14,137
- Financial income -€99
down €99 (-16.8%), from €590 to €491
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 | €1,138,506 | €1,081,550 | -€56,956 | -5.0% |
| Fixed assets | 21/28 | €1,059,750 | €1,009,714 | -€50,036 | -4.7% |
| Tangible fixed assets | 22/27 | €1,059,750 | €1,009,714 | -€50,036 | -4.7% |
| Land and buildings | 22 | €1,009,828 | €969,014 | -€40,814 | -4.0% |
| Plant, machinery and equipment | 23 | €22,017 | €18,013 | -€4,004 | -18.2% |
| Furniture and vehicles | 24 | €27,123 | €22,028 | -€5,095 | -18.8% |
| Other tangible fixed assets | 26 | €783 | €659 | -€124 | -15.8% |
| Current assets | 29/58 | €78,755 | €71,836 | -€6,920 | -8.8% |
| Amounts receivable within one year | 40/41 | €18,904 | €9,414 | -€9,490 | -50.2% |
| Trade receivables | 40 | €18,726 | €9,089 | -€9,637 | -51.5% |
| Other amounts receivable | 41 | €177 | €325 | +€147 | +83.2% |
| Cash at bank and in hand | 54/58 | €58,174 | €60,375 | +€2,201 | +3.8% |
| Deferred charges and accrued income | 490/1 | €1,678 | €2,047 | +€369 | +22.0% |
| Total equity and liabilities | 10/49 | €1,138,506 | €1,081,550 | -€56,956 | -5.0% |
| Equity | 10/15 | €13,301 | -€47,520 | -€60,821 | |
| Contributions | 10/11 | €200,001 | €200,001 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€186,700 | -€247,521 | -€60,821 | -32.6% |
| Amounts payable | 17/49 | €1,125,205 | €1,129,070 | +€3,866 | +0.3% |
| Amounts payable after more than one year | 17 | €787,900 | €791,201 | +€3,301 | +0.4% |
| Financial debts | 170/4 | €669,900 | €629,101 | -€40,799 | -6.1% |
| Other amounts payable | 178/9 | €118,000 | €162,100 | +€44,100 | +37.4% |
| Amounts payable within one year | 42/48 | €336,100 | €336,729 | +€629 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €43,082 | €43,974 | +€892 | +2.1% |
| Trade debts | 44 | €602 | €1,339 | +€738 | +123% |
| Suppliers | 440/4 | €602 | €1,339 | +€738 | +123% |
| Other amounts payable | 47/48 | €292,416 | €291,416 | -€1,000 | -0.3% |
| Accrued charges and deferred income | 492/3 | €1,205 | €1,141 | -€64 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,036 | €50,036 | = | 0.0% |
| Other operating charges | 640/8 | €10,002 | €3,274 | -€6,728 | -67.3% |
| Gross operating margin | 9900 | €8,822 | €6,135 | -€2,687 | -30.5% |
| Operating profit (loss) | 9901 | -€51,216 | -€47,176 | +€4,040 | +7.9% |
| Financial income | 75/76B | €590 | €491 | -€99 | -16.8% |
| Recurring financial income | 75 | €590 | €491 | -€99 | -16.8% |
| Financial charges | 65/66B | €16,236 | €14,137 | -€2,099 | -12.9% |
| Recurring financial charges | 65 | €16,236 | €14,137 | -€2,099 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€66,861 | -€60,821 | +€6,040 | +9.0% |
| Profit (loss) for the period | 9904 | -€66,861 | -€60,821 | +€6,040 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,861 | -€60,821 | +€6,040 | +9.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.