BORIGRAIN: 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.
BORIGRAIN
Largest movements
- Current investments +€507,451
up €507,451 (+45.5%), from €1.1m to €1.6m
- Receivables within one year -€277,368
down €277,368 (-33.8%), from €820,018 to €542,650
of which Trade receivables: -€245,942
- Cash -€162,647
down €162,647 (-66.6%), from €244,218 to €81,570
mainly Current investments (-€507,451) and Contributions, distributions and other (-€225,000)
- Financial fixed assets -€76,250
down €76,250 (-88.4%), from €86,250 to €10,000
- Reserves +€45,000
up €45,000 (+2.3%), from €1.9m to €2.0m
- Tax, wage and social debts -€24,519
down €24,519 (-39.0%), from €62,894 to €38,375
of which Taxes: -€27,461
- Gross operating margin -€191,545
down €191,545 (-33.6%), from €570,916 to €379,371
- Financial income +€80,536
up €80,536 (+270.1%), from €29,813 to €110,349
- Taxes -€48,904
down €48,904 (-47.6%), from €102,740 to €53,836
- Staff costs +€15,797
up €15,797 (+23.4%), from €67,499 to €83,296
- Financial charges +€13,547
up €13,547, from -€3,013 to €10,535
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 | €2,376,531 | €2,379,500 | +€2,969 | +0.1% |
| Fixed assets | 21/28 | €192,324 | €127,022 | -€65,302 | -34.0% |
| Tangible fixed assets | 22/27 | €106,074 | €117,022 | +€10,948 | +10.3% |
| Plant, machinery and equipment | 23 | €72,373 | €65,533 | -€6,840 | -9.5% |
| Furniture and vehicles | 24 | €33,701 | €51,489 | +€17,788 | +52.8% |
| Financial fixed assets | 28 | €86,250 | €10,000 | -€76,250 | -88.4% |
| Current assets | 29/58 | €2,184,207 | €2,252,478 | +€68,271 | +3.1% |
| Amounts receivable within one year | 40/41 | €820,018 | €542,650 | -€277,368 | -33.8% |
| Trade receivables | 40 | €544,652 | €298,711 | -€245,942 | -45.2% |
| Other amounts receivable | 41 | €275,365 | €243,939 | -€31,426 | -11.4% |
| Current investments | 50/53 | €1,115,104 | €1,622,555 | +€507,451 | +45.5% |
| Cash at bank and in hand | 54/58 | €244,218 | €81,570 | -€162,647 | -66.6% |
| Deferred charges and accrued income | 490/1 | €4,868 | €5,703 | +€835 | +17.2% |
| Total equity and liabilities | 10/49 | €2,376,531 | €2,379,500 | +€2,969 | +0.1% |
| Equity | 10/15 | €1,954,917 | €1,998,533 | +€43,617 | +2.2% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €1,921,099 | €1,966,099 | +€45,000 | +2.3% |
| Distributable reserves | 133 | €1,921,099 | €1,966,099 | +€45,000 | +2.3% |
| Profit (loss) carried forward | 14 | €2,831 | €1,448 | -€1,383 | -48.9% |
| Amounts payable | 17/49 | €421,614 | €380,967 | -€40,648 | -9.6% |
| Amounts payable within one year | 42/48 | €421,614 | €380,967 | -€40,648 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €20,505 | - | -€20,505 | |
| Trade debts | 44 | €59,057 | €43,723 | -€15,334 | -26.0% |
| Suppliers | 440/4 | €59,057 | €43,723 | -€15,334 | -26.0% |
| Advances received on contracts in progress | 46 | - | €3,064 | +€3,064 | |
| Taxes, remuneration and social security | 45 | €62,894 | €38,375 | -€24,519 | -39.0% |
| Taxes | 450/3 | €51,526 | €24,065 | -€27,461 | -53.3% |
| Remuneration and social security | 454/9 | €11,368 | €14,311 | +€2,943 | +25.9% |
| Other amounts payable | 47/48 | €279,159 | €295,805 | +€16,646 | +6.0% |
| Remuneration, social security and pensions | 62 | €67,499 | €83,296 | +€15,797 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,949 | €66,161 | +€13,212 | +25.0% |
| Other operating charges | 640/8 | €5,021 | €7,274 | +€2,253 | +44.9% |
| Gross operating margin | 9900 | €570,916 | €379,371 | -€191,545 | -33.6% |
| Operating profit (loss) | 9901 | €445,447 | €222,639 | -€222,808 | -50.0% |
| Financial income | 75/76B | €29,813 | €110,349 | +€80,536 | +270.1% |
| Recurring financial income | 75 | €29,813 | €110,349 | +€80,536 | +270.1% |
| Financial charges | 65/66B | -€3,013 | €10,535 | +€13,547 | |
| Recurring financial charges | 65 | -€3,013 | €10,535 | +€13,547 | |
| Profit (loss) for the period before taxes | 9903 | €478,272 | €322,453 | -€155,819 | -32.6% |
| Income taxes | 67/77 | €102,740 | €53,836 | -€48,904 | -47.6% |
| Profit (loss) for the period | 9904 | €375,533 | €268,617 | -€106,916 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €375,533 | €268,617 | -€106,916 | -28.5% |
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 5 October 2026 via checked.be.