BORGES DECORS: 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.
BORGES DECORS
Largest movements
- Cash +€7,108
up €7,108 (+162%), from €4,400 to €11,508
mainly Net result for the year (+€21,755) and Short-term financial debts (+€150)
- Receivables within one year +€4,921
up €4,921 (+192%), from €2,566 to €7,487
of which Other amounts receivable: +€5,375
- Deferred charges and accrued income +€369
up €369 (+21.8%), from €1,691 to €2,059
- Profit (loss) carried forward +€21,755
up €21,755 (+53.9%), from -€40,389 to -€18,634
- Trade debts -€5,502
down €5,502 (-84.1%), from €6,543 to €1,041
- Other debts -€2,865
down €2,865 (-11.5%), from €24,879 to €22,014
- Tax, wage and social debts -€931
down €931 (-20.6%), from €4,520 to €3,589
of which Remuneration and social security: -€666
- Gross operating margin +€26,862
up €26,862 (+161%), from €16,719 to €43,581
- Staff costs +€1,900
up €1,900 (+10.2%), from €18,694 to €20,593
- Other operating charges -€1,287
down €1,287 (-55.6%), from €2,314 to €1,028
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 | €10,180 | €22,564 | +€12,384 | +122% |
| Fixed assets | 21/28 | €1,524 | €1,510 | -€14 | -0.9% |
| Tangible fixed assets | 22/27 | €14 | €0 | -€14 | -100% |
| Furniture and vehicles | 24 | €14 | €0 | -€14 | -100% |
| Financial fixed assets | 28 | €1,510 | €1,510 | = | 0.0% |
| Current assets | 29/58 | €8,656 | €21,054 | +€12,398 | +143% |
| Amounts receivable within one year | 40/41 | €2,566 | €7,487 | +€4,921 | +192% |
| Trade receivables | 40 | €627 | €173 | -€454 | -72.4% |
| Other amounts receivable | 41 | €1,938 | €7,314 | +€5,375 | +277% |
| Cash at bank and in hand | 54/58 | €4,400 | €11,508 | +€7,108 | +162% |
| Deferred charges and accrued income | 490/1 | €1,691 | €2,059 | +€369 | +21.8% |
| Total equity and liabilities | 10/49 | €10,180 | €22,564 | +€12,384 | +122% |
| Equity | 10/15 | -€26,129 | -€4,374 | +€21,755 | +83.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€40,389 | -€18,634 | +€21,755 | +53.9% |
| Amounts payable | 17/49 | €36,308 | €26,938 | -€9,370 | -25.8% |
| Amounts payable within one year | 42/48 | €36,086 | €26,938 | -€9,149 | -25.4% |
| Financial debts | 43 | €144 | €294 | +€150 | +104% |
| Credit institutions | 430/8 | €144 | €294 | +€150 | +104% |
| Trade debts | 44 | €6,543 | €1,041 | -€5,502 | -84.1% |
| Suppliers | 440/4 | €6,543 | €1,041 | -€5,502 | -84.1% |
| Taxes, remuneration and social security | 45 | €4,520 | €3,589 | -€931 | -20.6% |
| Taxes | 450/3 | €265 | €0 | -€265 | -100% |
| Remuneration and social security | 454/9 | €4,254 | €3,589 | -€666 | -15.6% |
| Other amounts payable | 47/48 | €24,879 | €22,014 | -€2,865 | -11.5% |
| Accrued charges and deferred income | 492/3 | €222 | €0 | -€222 | -100% |
| Non-recurring operating income | 76A | €22 | €0 | -€22 | -100% |
| Remuneration, social security and pensions | 62 | €18,694 | €20,593 | +€1,900 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173 | €14 | -€160 | -92.1% |
| Other operating charges | 640/8 | €2,314 | €1,028 | -€1,287 | -55.6% |
| Gross operating margin | 9900 | €16,719 | €43,581 | +€26,862 | +161% |
| Operating profit (loss) | 9901 | -€4,463 | €21,946 | +€26,409 | |
| Financial income | 75/76B | €37 | €136 | +€99 | +268% |
| Recurring financial income | 75 | €37 | €136 | +€99 | +268% |
| Financial charges | 65/66B | €154 | €181 | +€28 | +17.9% |
| Recurring financial charges | 65 | €154 | €181 | +€28 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,579 | €21,901 | +€26,481 | |
| Income taxes | 67/77 | €265 | €147 | -€119 | -44.7% |
| Profit (loss) for the period | 9904 | -€4,845 | €21,755 | +€26,599 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,845 | €21,755 | +€26,599 |
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 15 October 2026 via checked.be.