BORINGEN CARDI: 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.
BORINGEN CARDI
Largest movements
- Receivables within one year -€34,459
down €34,459 (-32.9%), from €104,788 to €70,329
of which Trade receivables: -€35,665
- Tangible fixed assets -€8,479
down €8,479 (-27.2%), from €31,140 to €22,661
of which Leasing and similar rights: -€5,800
- Cash +€6,657
up €6,657 (+27.7%), from €24,073 to €30,729
mainly Receivables within one year (+€34,459) and Depreciation (+€10,138)
- Debts after one year -€18,621
down €18,621 (-62.8%), from €29,628 to €11,007
- Profit (loss) carried forward -€15,353
down €15,353 (-15.7%), from €97,693 to €82,340
- Short-term financial debts -€2,309
down €2,309 (-11.0%), from €20,930 to €18,621
- Gross operating margin -€48,989
down €48,989 (-84.8%), from €57,793 to €8,805
- Depreciation -€12,883
down €12,883 (-56.0%), from €23,021 to €10,138
- Other operating charges +€7,880
new in 2025: €7,880
- Taxes -€5,869
no longer reported in 2025 (was €5,869)
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 | €160,001 | €123,719 | -€36,282 | -22.7% |
| Fixed assets | 21/28 | €31,140 | €22,661 | -€8,479 | -27.2% |
| Tangible fixed assets | 22/27 | €31,140 | €22,661 | -€8,479 | -27.2% |
| Plant, machinery and equipment | 23 | €6,031 | €5,206 | -€826 | -13.7% |
| Furniture and vehicles | 24 | €6,215 | €4,361 | -€1,854 | -29.8% |
| Leasing and similar rights | 25 | €18,894 | €13,094 | -€5,800 | -30.7% |
| Current assets | 29/58 | €128,861 | €101,058 | -€27,803 | -21.6% |
| Amounts receivable within one year | 40/41 | €104,788 | €70,329 | -€34,459 | -32.9% |
| Trade receivables | 40 | €99,332 | €63,667 | -€35,665 | -35.9% |
| Other amounts receivable | 41 | €5,457 | €6,662 | +€1,206 | +22.1% |
| Cash at bank and in hand | 54/58 | €24,073 | €30,729 | +€6,657 | +27.7% |
| Total equity and liabilities | 10/49 | €160,001 | €123,719 | -€36,282 | -22.7% |
| Equity | 10/15 | €102,693 | €87,340 | -€15,353 | -15.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,693 | €82,340 | -€15,353 | -15.7% |
| Amounts payable | 17/49 | €57,309 | €36,379 | -€20,930 | -36.5% |
| Amounts payable after more than one year | 17 | €29,628 | €11,007 | -€18,621 | -62.8% |
| Financial debts | 170/4 | €29,628 | €11,007 | -€18,621 | -62.8% |
| Amounts payable within one year | 42/48 | €27,680 | €25,372 | -€2,309 | -8.3% |
| Financial debts | 43 | €20,930 | €18,621 | -€2,309 | -11.0% |
| Credit institutions | 430/8 | €20,930 | €18,621 | -€2,309 | -11.0% |
| Trade debts | 44 | €630 | €905 | +€275 | +43.7% |
| Suppliers | 440/4 | €630 | €905 | +€275 | +43.7% |
| Taxes, remuneration and social security | 45 | €6,120 | €5,845 | -€275 | -4.5% |
| Taxes | 450/3 | €6,120 | €5,845 | -€275 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,021 | €10,138 | -€12,883 | -56.0% |
| Other operating charges | 640/8 | - | €7,880 | +€7,880 | |
| Gross operating margin | 9900 | €57,793 | €8,805 | -€48,989 | -84.8% |
| Operating profit (loss) | 9901 | €34,772 | -€9,213 | -€43,986 | |
| Financial income | 75/76B | €48 | €0 | -€47 | -99.0% |
| Recurring financial income | 75 | €48 | €0 | -€47 | -99.0% |
| Financial charges | 65/66B | €5,658 | €6,140 | +€482 | +8.5% |
| Recurring financial charges | 65 | €5,658 | €6,140 | +€482 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €29,162 | -€15,353 | -€44,515 | |
| Income taxes | 67/77 | €5,869 | - | -€5,869 | |
| Profit (loss) for the period | 9904 | €23,293 | -€15,353 | -€38,645 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,293 | -€15,353 | -€38,645 |
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 27 October 2026 via checked.be.