Boriolca: 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.
Boriolca
Largest movements
- Cash +€473,017
up €473,017 (+28.3%), from €1.7m to €2.1m
mainly Depreciation (+€510,216) and Net result for the year (+€172,710)
- Tangible fixed assets -€424,858
down €424,858 (-8.8%), from €4.8m to €4.4m
- Reserves +€172,710
up €172,710 (+4.9%), from €3.5m to €3.7m
of which Distributable reserves: +€190,508
- Tax, wage and social debts -€96,022
down €96,022 (-90.2%), from €106,414 to €10,393
- Gross operating margin -€392,474
down €392,474 (-33.3%), from €1.2m to €787,875
- Depreciation -€225,086
down €225,086 (-30.6%), from €735,302 to €510,216
- Taxes -€42,917
down €42,917 (-40.3%), from €106,414 to €63,497
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 | €6,532,832 | €6,584,368 | +€51,536 | +0.8% |
| Fixed assets | 21/28 | €4,846,591 | €4,421,733 | -€424,858 | -8.8% |
| Tangible fixed assets | 22/27 | €4,846,591 | €4,421,733 | -€424,858 | -8.8% |
| Land and buildings | 22 | €4,846,591 | €4,421,733 | -€424,858 | -8.8% |
| Current assets | 29/58 | €1,686,241 | €2,162,635 | +€476,394 | +28.3% |
| Amounts receivable within one year | 40/41 | €16,388 | €18,654 | +€2,266 | +13.8% |
| Other amounts receivable | 41 | €16,388 | €18,654 | +€2,266 | +13.8% |
| Cash at bank and in hand | 54/58 | €1,669,853 | €2,142,869 | +€473,017 | +28.3% |
| Deferred charges and accrued income | 490/1 | - | €1,111 | +€1,111 | |
| Total equity and liabilities | 10/49 | €6,532,832 | €6,584,368 | +€51,536 | +0.8% |
| Equity | 10/15 | €6,380,456 | €6,553,166 | +€172,710 | +2.7% |
| Contributions | 10/11 | €2,477,375 | €2,477,375 | = | 0.0% |
| Reserves | 13 | €3,537,589 | €3,710,299 | +€172,710 | +4.9% |
| Non-distributable reserves | 130/1 | €122,538 | €122,538 | = | 0.0% |
| Reserves not available under the articles | 1311 | €122,538 | €122,538 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,294 | €44,496 | -€17,798 | -28.6% |
| Distributable reserves | 133 | €3,352,757 | €3,543,265 | +€190,508 | +5.7% |
| Profit (loss) carried forward | 14 | €365,492 | €365,492 | = | 0.0% |
| Provisions and deferred taxes | 16 | €29,121 | €20,801 | -€8,320 | -28.6% |
| Deferred taxes | 168 | €29,121 | €20,801 | -€8,320 | -28.6% |
| Amounts payable | 17/49 | €123,255 | €10,402 | -€112,853 | -91.6% |
| Amounts payable within one year | 42/48 | €106,490 | €10,402 | -€96,088 | -90.2% |
| Trade debts | 44 | €75 | €9 | -€66 | -88.1% |
| Suppliers | 440/4 | €75 | €9 | -€66 | -88.1% |
| Taxes, remuneration and social security | 45 | €106,414 | €10,393 | -€96,022 | -90.2% |
| Taxes | 450/3 | €106,414 | €10,393 | -€96,022 | -90.2% |
| Accrued charges and deferred income | 492/3 | €16,765 | - | -€16,765 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €735,302 | €510,216 | -€225,086 | -30.6% |
| Other operating charges | 640/8 | €58,516 | €60,350 | +€1,834 | +3.1% |
| Gross operating margin | 9900 | €1,180,348 | €787,875 | -€392,474 | -33.3% |
| Operating profit (loss) | 9901 | €386,531 | €217,309 | -€169,222 | -43.8% |
| Financial income | 75/76B | - | €10,662 | +€10,662 | |
| Recurring financial income | 75 | - | €10,662 | +€10,662 | |
| Financial charges | 65/66B | €421 | €84 | -€337 | -80.0% |
| Recurring financial charges | 65 | €421 | €84 | -€337 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | €386,110 | €227,887 | -€158,223 | -41.0% |
| Transfer from deferred taxes | 780 | €12,481 | €8,320 | -€4,160 | -33.3% |
| Income taxes | 67/77 | €106,414 | €63,497 | -€42,917 | -40.3% |
| Profit (loss) for the period | 9904 | €292,176 | €172,710 | -€119,466 | -40.9% |
| Transfer from tax-exempt reserves | 789 | €26,697 | €17,798 | -€8,899 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €318,873 | €190,508 | -€128,365 | -40.3% |
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 18 October 2026 via checked.be.