Borion: 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.
Borion
Largest movements
- Tangible fixed assets -€9,479
down €9,479 (-22.6%), from €41,978 to €32,499
of which Leasing and similar rights: -€13,388
- Cash +€7,487
up €7,487 (+166.2%), from €4,503 to €11,990
mainly Net result for the year (+€33,636) and Depreciation (+€13,479)
- Receivables within one year +€3,825
up €3,825 (+20.7%), from €18,480 to €22,305
of which Other amounts receivable: +€3,825
- Profit (loss) carried forward +€23,636
up €23,636, from -€10,261 to €13,375
- Other debts -€12,215
down €12,215 (-55.0%), from €22,215 to €10,000
- Debts after one year -€10,689
down €10,689 (-40.7%), from €26,233 to €15,544
- Tax, wage and social debts +€3,736
up €3,736 (+33.9%), from €11,032 to €14,767
- Trade debts -€2,578
down €2,578 (-76.7%), from €3,361 to €782
- Gross operating margin +€57,423
up €57,423 (+2297.4%), from €2,499 to €59,923
- Taxes +€9,115
up €9,115 (+2358.2%), from €387 to €9,502
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 | €65,313 | €67,725 | +€2,411 | +3.7% |
| Fixed assets | 21/28 | €41,978 | €32,499 | -€9,479 | -22.6% |
| Tangible fixed assets | 22/27 | €41,978 | €32,499 | -€9,479 | -22.6% |
| Land and buildings | 22 | - | €3,909 | +€3,909 | |
| Leasing and similar rights | 25 | €41,978 | €28,590 | -€13,388 | -31.9% |
| Current assets | 29/58 | €23,335 | €35,226 | +€11,891 | +51.0% |
| Amounts receivable within one year | 40/41 | €18,480 | €22,305 | +€3,825 | +20.7% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Other amounts receivable | 41 | €6,380 | €10,205 | +€3,825 | +59.9% |
| Cash at bank and in hand | 54/58 | €4,503 | €11,990 | +€7,487 | +166.2% |
| Deferred charges and accrued income | 490/1 | €351 | €931 | +€580 | +164.9% |
| Total equity and liabilities | 10/49 | €65,313 | €67,725 | +€2,411 | +3.7% |
| Equity | 10/15 | -€7,761 | €15,875 | +€23,636 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,261 | €13,375 | +€23,636 | |
| Amounts payable | 17/49 | €73,074 | €51,849 | -€21,225 | -29.0% |
| Amounts payable after more than one year | 17 | €26,233 | €15,544 | -€10,689 | -40.7% |
| Financial debts | 170/4 | €26,233 | €15,544 | -€10,689 | -40.7% |
| Amounts payable within one year | 42/48 | €46,776 | €36,238 | -€10,537 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €10,169 | €10,689 | +€520 | +5.1% |
| Trade debts | 44 | €3,361 | €782 | -€2,578 | -76.7% |
| Suppliers | 440/4 | €3,361 | €782 | -€2,578 | -76.7% |
| Taxes, remuneration and social security | 45 | €11,032 | €14,767 | +€3,736 | +33.9% |
| Taxes | 450/3 | €11,032 | €14,767 | +€3,736 | +33.9% |
| Other amounts payable | 47/48 | €22,215 | €10,000 | -€12,215 | -55.0% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,388 | €13,479 | +€91 | +0.7% |
| Other operating charges | 640/8 | €1,289 | €1,309 | +€20 | +1.6% |
| Gross operating margin | 9900 | €2,499 | €59,923 | +€57,423 | +2297.4% |
| Operating profit (loss) | 9901 | -€12,178 | €45,134 | +€57,312 | |
| Financial income | 75/76B | - | €212 | +€212 | |
| Recurring financial income | 75 | - | €212 | +€212 | |
| Financial charges | 65/66B | €2,552 | €2,208 | -€344 | -13.5% |
| Recurring financial charges | 65 | €2,552 | €2,208 | -€344 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,729 | €43,138 | +€57,867 | |
| Income taxes | 67/77 | €387 | €9,502 | +€9,115 | +2358.2% |
| Profit (loss) for the period | 9904 | -€15,116 | €33,636 | +€48,752 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,116 | €33,636 | +€48,752 |
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 11 October 2026 via checked.be.