BORINVEST: 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.
BORINVEST
Largest movements
- Stocks and contracts -€298,470
down €298,470 (-33.9%), from €879,462 to €580,992
- Receivables within one year +€90,048
up €90,048 (+74.6%), from €120,698 to €210,746
of which Trade receivables: +€61,556
- Tangible fixed assets +€28,888
up €28,888 (+125%), from €23,092 to €51,980
of which Furniture and vehicles: +€30,930
- Cash +€26,101
up €26,101 (+55,534%), from €47 to €26,148
mainly Stocks and contracts (+€298,470) and Net result for the year (+€209,484)
- Debts after one year -€283,000
no longer reported in 2022 (was €283,000)
- Profit (loss) carried forward +€209,484
up €209,484 (+55.2%), from -€379,392 to -€169,908
- Other debts -€76,476
down €76,476 (-7.6%), from €1.0m to €923,822
- Gross operating margin +€251,802
up €251,802, from -€3,350 to €248,452
- Financial charges +€6,597
up €6,597 (+59.2%), from €11,152 to €17,749
- Other operating charges +€5,839
up €5,839 (+54.4%), from €10,731 to €16,570
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,075,299 | €921,866 | -€153,433 | -14.3% |
| Fixed assets | 21/28 | €25,092 | €53,980 | +€28,888 | +115% |
| Tangible fixed assets | 22/27 | €23,092 | €51,980 | +€28,888 | +125% |
| Furniture and vehicles | 24 | - | €30,930 | +€30,930 | |
| Other tangible fixed assets | 26 | €23,092 | €21,050 | -€2,042 | -8.8% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €1,050,207 | €867,886 | -€182,321 | -17.4% |
| Stocks and contracts in progress | 3 | €879,462 | €580,992 | -€298,470 | -33.9% |
| Stocks | 30/36 | €879,462 | €580,992 | -€298,470 | -33.9% |
| Amounts receivable within one year | 40/41 | €120,698 | €210,746 | +€90,048 | +74.6% |
| Trade receivables | 40 | - | €61,556 | +€61,556 | |
| Other amounts receivable | 41 | €120,698 | €149,190 | +€28,492 | +23.6% |
| Cash at bank and in hand | 54/58 | €47 | €26,148 | +€26,101 | +55,534% |
| Deferred charges and accrued income | 490/1 | €50,000 | €50,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,075,299 | €921,866 | -€153,433 | -14.3% |
| Equity | 10/15 | -€318,192 | -€108,708 | +€209,484 | +65.8% |
| Contributions | 10/11 | €61,200 | €61,200 | = | 0.0% |
| Capital | 10 | €61,200 | - | -€61,200 | |
| Issued capital | 100 | €61,200 | - | -€61,200 | |
| Profit (loss) carried forward | 14 | -€379,392 | -€169,908 | +€209,484 | +55.2% |
| Amounts payable | 17/49 | €1,393,491 | €1,030,574 | -€362,917 | -26.0% |
| Amounts payable after more than one year | 17 | €283,000 | - | -€283,000 | |
| Financial debts | 170/4 | €283,000 | - | -€283,000 | |
| Amounts payable within one year | 42/48 | €1,110,491 | €1,030,574 | -€79,917 | -7.2% |
| Financial debts | 43 | €15 | €46 | +€31 | +207% |
| Credit institutions | 430/8 | €15 | €46 | +€31 | +207% |
| Trade debts | 44 | €110,178 | €106,706 | -€3,472 | -3.2% |
| Suppliers | 440/4 | €110,178 | €106,706 | -€3,472 | -3.2% |
| Other amounts payable | 47/48 | €1,000,298 | €923,822 | -€76,476 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,147 | €3,112 | +€965 | +44.9% |
| Other operating charges | 640/8 | €10,731 | €16,570 | +€5,839 | +54.4% |
| Gross operating margin | 9900 | -€3,350 | €248,452 | +€251,802 | |
| Operating profit (loss) | 9901 | -€16,228 | €228,770 | +€244,998 | |
| Financial charges | 65/66B | €11,152 | €17,749 | +€6,597 | +59.2% |
| Recurring financial charges | 65 | €11,152 | €17,749 | +€6,597 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | -€27,380 | €211,021 | +€238,401 | |
| Income taxes | 67/77 | - | €1,537 | +€1,537 | |
| Profit (loss) for the period | 9904 | -€27,380 | €209,484 | +€236,864 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,380 | €209,484 | +€236,864 |
Source: filed annual accounts (NBB), financial years ended 30 June 2021 and 30 June 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.