Borgh Projects België BV: what changed
Borgh Projects België BV
Largest movements
- Cash +€23,850
up €23,850 (+441%), from €5,405 to €29,255
mainly Net result for the year (+€16,005) and Trade debts (+€9,197)
- Receivables within one year -€1,829
down €1,829 (-1.4%), from €132,133 to €130,304
of which Trade receivables: -€17,751
- Reserves +€16,005
up €16,005 (+19.8%), from €80,817 to €96,822
of which Distributable reserves: +€16,005
- Trade debts +€9,197
up €9,197 (+29.7%), from €30,983 to €40,180
- Tax, wage and social debts -€3,177
down €3,177 (-55.4%), from €5,730 to €2,553
- Gross operating margin -€10,292
down €10,292 (-79.2%), from €13,004 to €2,711
- Financial income -€4,757
down €4,757 (-25.6%), from €18,591 to €13,834
- Financial charges -€203
down €203 (-35.5%), from €573 to €370
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,538 | €159,559 | +€22,021 | +16.0% |
| Current assets | 29/58 | €137,538 | €159,559 | +€22,021 | +16.0% |
| Amounts receivable within one year | 40/41 | €132,133 | €130,304 | -€1,829 | -1.4% |
| Trade receivables | 40 | €34,987 | €17,236 | -€17,751 | -50.7% |
| Other amounts receivable | 41 | €97,146 | €113,068 | +€15,922 | +16.4% |
| Cash at bank and in hand | 54/58 | €5,405 | €29,255 | +€23,850 | +441% |
| Total equity and liabilities | 10/49 | €137,538 | €159,559 | +€22,021 | +16.0% |
| Equity | 10/15 | €100,817 | €116,822 | +€16,005 | +15.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €80,817 | €96,822 | +€16,005 | +19.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €78,817 | €94,822 | +€16,005 | +20.3% |
| Amounts payable | 17/49 | €36,721 | €42,737 | +€6,016 | +16.4% |
| Amounts payable within one year | 42/48 | €36,713 | €42,733 | +€6,020 | +16.4% |
| Trade debts | 44 | €30,983 | €40,180 | +€9,197 | +29.7% |
| Suppliers | 440/4 | €30,983 | €40,180 | +€9,197 | +29.7% |
| Taxes, remuneration and social security | 45 | €5,730 | €2,553 | -€3,177 | -55.4% |
| Taxes | 450/3 | €5,730 | €2,553 | -€3,177 | -55.4% |
| Accrued charges and deferred income | 492/3 | €8 | €4 | -€4 | -50.0% |
| Non-recurring operating income | 76A | €10,084 | - | -€10,084 | |
| Other operating charges | 640/8 | €168 | €170 | +€2 | +1.2% |
| Gross operating margin | 9900 | €13,004 | €2,711 | -€10,292 | -79.2% |
| Operating profit (loss) | 9901 | €12,836 | €2,541 | -€10,294 | -80.2% |
| Financial income | 75/76B | €18,591 | €13,834 | -€4,757 | -25.6% |
| Recurring financial income | 75 | €18,591 | €13,834 | -€4,757 | -25.6% |
| Financial charges | 65/66B | €573 | €370 | -€203 | -35.5% |
| Recurring financial charges | 65 | €573 | €370 | -€203 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €30,853 | €16,005 | -€14,848 | -48.1% |
| Profit (loss) for the period | 9904 | €30,853 | €16,005 | -€14,848 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,853 | €16,005 | -€14,848 | -48.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.