Borgn Consult: 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.
Borgn Consult
Largest movements
- Cash +€86,455
up €86,455 (+129.8%), from €66,622 to €153,078
mainly Net result for the year (+€82,075) and Other debts (+€21,796)
- Tangible fixed assets -€11,652
down €11,652 (-21.4%), from €54,445 to €42,793
- Current investments +€11,650
up €11,650 (+43.6%), from €26,699 to €38,349
- Profit (loss) carried forward +€60,475
up €60,475 (+82.9%), from €72,942 to €133,417
- Other debts +€21,796
up €21,796 (+43.7%), from €49,863 to €71,659
- Tax, wage and social debts +€8,076
up €8,076 (+47.3%), from €17,092 to €25,168
- Gross operating margin +€68,664
up €68,664 (+173.1%), from €39,672 to €108,336
- Taxes +€8,993
up €8,993 (+168.5%), from €5,338 to €14,331
- Financial income +€4,422
up €4,422 (+624.8%), from €708 to €5,130
- Depreciation +€2,709
up €2,709 (+27.1%), from €9,986 to €12,695
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 | €148,308 | €237,193 | +€88,885 | +59.9% |
| Fixed assets | 21/28 | €54,445 | €42,793 | -€11,652 | -21.4% |
| Tangible fixed assets | 22/27 | €54,445 | €42,793 | -€11,652 | -21.4% |
| Furniture and vehicles | 24 | €54,445 | €42,793 | -€11,652 | -21.4% |
| Current assets | 29/58 | €93,864 | €194,400 | +€100,537 | +107.1% |
| Amounts receivable within one year | 40/41 | - | €2,118 | +€2,118 | |
| Trade receivables | 40 | - | €2,118 | +€2,118 | |
| Current investments | 50/53 | €26,699 | €38,349 | +€11,650 | +43.6% |
| Cash at bank and in hand | 54/58 | €66,622 | €153,078 | +€86,455 | +129.8% |
| Deferred charges and accrued income | 490/1 | €542 | €855 | +€313 | +57.7% |
| Total equity and liabilities | 10/49 | €148,308 | €237,193 | +€88,885 | +59.9% |
| Equity | 10/15 | €74,942 | €135,417 | +€60,475 | +80.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,942 | €133,417 | +€60,475 | +82.9% |
| Amounts payable | 17/49 | €73,366 | €101,776 | +€28,410 | +38.7% |
| Amounts payable within one year | 42/48 | €70,078 | €98,245 | +€28,167 | +40.2% |
| Trade debts | 44 | €3,123 | €1,417 | -€1,705 | -54.6% |
| Suppliers | 440/4 | €3,123 | €1,417 | -€1,705 | -54.6% |
| Taxes, remuneration and social security | 45 | €17,092 | €25,168 | +€8,076 | +47.3% |
| Taxes | 450/3 | €17,092 | €25,168 | +€8,076 | +47.3% |
| Other amounts payable | 47/48 | €49,863 | €71,659 | +€21,796 | +43.7% |
| Accrued charges and deferred income | 492/3 | €3,288 | €3,531 | +€243 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,986 | €12,695 | +€2,709 | +27.1% |
| Other operating charges | 640/8 | €258 | €395 | +€137 | +53.0% |
| Gross operating margin | 9900 | €39,672 | €108,336 | +€68,664 | +173.1% |
| Operating profit (loss) | 9901 | €29,427 | €95,245 | +€65,818 | +223.7% |
| Financial income | 75/76B | €708 | €5,130 | +€4,422 | +624.8% |
| Recurring financial income | 75 | €708 | €5,130 | +€4,422 | +624.8% |
| Financial charges | 65/66B | €4,166 | €3,969 | -€197 | -4.7% |
| Recurring financial charges | 65 | €4,166 | €3,969 | -€197 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €25,968 | €96,406 | +€70,438 | +271.2% |
| Income taxes | 67/77 | €5,338 | €14,331 | +€8,993 | +168.5% |
| Profit (loss) for the period | 9904 | €20,630 | €82,075 | +€61,445 | +297.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,630 | €82,075 | +€61,445 | +297.8% |
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 30 September 2026 via checked.be.