Borgo Gelato: 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.
Borgo Gelato
Largest movements
- Cash -€8,673
down €8,673 (-54.2%), from €15,999 to €7,327
mainly Net result for the year (-€31,245) and Investment in fixed assets (net) (-€6,717)
- Tangible fixed assets -€4,172
down €4,172 (-10.2%), from €40,815 to €36,643
of which Plant, machinery and equipment: -€9,821
- Intangible fixed assets -€3,000
down €3,000 (-11.2%), from €26,729 to €23,729
- Receivables within one year -€2,071
down €2,071 (-62.8%), from €3,300 to €1,229
of which Other amounts receivable: -€1,366
- Profit (loss) carried forward -€31,245
down €31,245 (-238%), from -€13,114 to -€44,359
- Other debts +€12,016
up €12,016 (+13.1%), from €91,827 to €103,843
- Trade debts +€1,447
up €1,447 (+32.8%), from €4,412 to €5,859
- Gross operating margin -€16,705
down €16,705, from €486 to -€16,219
- Depreciation +€2,325
up €2,325 (+20.1%), from €11,563 to €13,889
- Financial charges -€650
down €650 (-82.0%), from €792 to €142
- Other operating charges -€250
down €250 (-20.1%), from €1,245 to €995
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 | €88,124 | €70,352 | -€17,772 | -20.2% |
| Fixed assets | 21/28 | €67,544 | €60,372 | -€7,172 | -10.6% |
| Intangible fixed assets | 21 | €26,729 | €23,729 | -€3,000 | -11.2% |
| Tangible fixed assets | 22/27 | €40,815 | €36,643 | -€4,172 | -10.2% |
| Plant, machinery and equipment | 23 | €40,815 | €30,994 | -€9,821 | -24.1% |
| Furniture and vehicles | 24 | - | €5,649 | +€5,649 | |
| Current assets | 29/58 | €20,580 | €9,981 | -€10,599 | -51.5% |
| Amounts receivable within one year | 40/41 | €3,300 | €1,229 | -€2,071 | -62.8% |
| Trade receivables | 40 | €704 | €0 | -€704 | -100% |
| Other amounts receivable | 41 | €2,595 | €1,229 | -€1,366 | -52.6% |
| Cash at bank and in hand | 54/58 | €15,999 | €7,327 | -€8,673 | -54.2% |
| Deferred charges and accrued income | 490/1 | €1,281 | €1,425 | +€144 | +11.2% |
| Total equity and liabilities | 10/49 | €88,124 | €70,352 | -€17,772 | -20.2% |
| Equity | 10/15 | -€8,114 | -€39,359 | -€31,245 | -385% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,114 | -€44,359 | -€31,245 | -238% |
| Amounts payable | 17/49 | €96,238 | €109,712 | +€13,473 | +14.0% |
| Amounts payable within one year | 42/48 | €96,238 | €109,712 | +€13,473 | +14.0% |
| Trade debts | 44 | €4,412 | €5,859 | +€1,447 | +32.8% |
| Suppliers | 440/4 | €4,412 | €5,859 | +€1,447 | +32.8% |
| Taxes, remuneration and social security | 45 | - | €10 | +€10 | |
| Taxes | 450/3 | - | €10 | +€10 | |
| Other amounts payable | 47/48 | €91,827 | €103,843 | +€12,016 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,563 | €13,889 | +€2,325 | +20.1% |
| Other operating charges | 640/8 | €1,245 | €995 | -€250 | -20.1% |
| Gross operating margin | 9900 | €486 | -€16,219 | -€16,705 | |
| Operating profit (loss) | 9901 | -€12,323 | -€31,103 | -€18,780 | -152% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €792 | €142 | -€650 | -82.0% |
| Recurring financial charges | 65 | €792 | €142 | -€650 | -82.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,114 | -€31,245 | -€18,131 | -138% |
| Profit (loss) for the period | 9904 | -€13,114 | -€31,245 | -€18,131 | -138% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,114 | -€31,245 | -€18,131 | -138% |
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 28 October 2026 via checked.be.