BORIS DEFAYS: 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.
BORIS DEFAYS
Largest movements
- Receivables within one year +€26,565
up €26,565 (+46.7%), from €56,939 to €83,504
of which Trade receivables: +€26,401
- Tangible fixed assets -€6,542
down €6,542 (-54.5%), from €11,997 to €5,455
- Other debts +€27,941
up €27,941 (+78.2%), from €35,707 to €63,648
- Tax, wage and social debts -€6,465
down €6,465 (-74.8%), from €8,648 to €2,183
of which Taxes: -€4,540
- Debts after one year -€2,590
down €2,590 (-100%), from €2,590 to €0
- Gross operating margin +€17,428
up €17,428, from -€6,587 to €10,842
- Other operating charges +€1,184
up €1,184 (+151%), from €784 to €1,968
- Financial charges +€178
up €178 (+43.2%), from €412 to €590
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 | €71,716 | €91,223 | +€19,507 | +27.2% |
| Fixed assets | 21/28 | €13,472 | €6,930 | -€6,542 | -48.6% |
| Tangible fixed assets | 22/27 | €11,997 | €5,455 | -€6,542 | -54.5% |
| Furniture and vehicles | 24 | €11,997 | €5,455 | -€6,542 | -54.5% |
| Financial fixed assets | 28 | €1,475 | €1,475 | = | 0.0% |
| Current assets | 29/58 | €58,244 | €84,293 | +€26,049 | +44.7% |
| Amounts receivable within one year | 40/41 | €56,939 | €83,504 | +€26,565 | +46.7% |
| Trade receivables | 40 | €56,610 | €83,011 | +€26,401 | +46.6% |
| Other amounts receivable | 41 | €330 | €493 | +€163 | +49.5% |
| Cash at bank and in hand | 54/58 | €619 | €276 | -€343 | -55.5% |
| Deferred charges and accrued income | 490/1 | €686 | €513 | -€173 | -25.2% |
| Total equity and liabilities | 10/49 | €71,716 | €91,223 | +€19,507 | +27.2% |
| Equity | 10/15 | €16,994 | €17,608 | +€615 | +3.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €478 | €478 | = | 0.0% |
| Distributable reserves | 133 | €478 | €478 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,516 | €2,131 | +€615 | +40.6% |
| Amounts payable | 17/49 | €54,723 | €73,615 | +€18,892 | +34.5% |
| Amounts payable after more than one year | 17 | €2,590 | €0 | -€2,590 | -100% |
| Financial debts | 170/4 | €2,590 | €0 | -€2,590 | -100% |
| Amounts payable within one year | 42/48 | €50,197 | €71,663 | +€21,466 | +42.8% |
| Current portion of amounts payable after more than one year | 42 | €3,710 | €2,877 | -€833 | -22.5% |
| Trade debts | 44 | €2,132 | €2,955 | +€823 | +38.6% |
| Suppliers | 440/4 | €2,132 | €2,955 | +€823 | +38.6% |
| Taxes, remuneration and social security | 45 | €8,648 | €2,183 | -€6,465 | -74.8% |
| Taxes | 450/3 | €6,723 | €2,183 | -€4,540 | -67.5% |
| Remuneration and social security | 454/9 | €1,925 | €0 | -€1,925 | -100% |
| Other amounts payable | 47/48 | €35,707 | €63,648 | +€27,941 | +78.2% |
| Accrued charges and deferred income | 492/3 | €1,935 | €1,951 | +€16 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,542 | €6,542 | = | 0.0% |
| Other operating charges | 640/8 | €784 | €1,968 | +€1,184 | +151% |
| Gross operating margin | 9900 | -€6,587 | €10,842 | +€17,428 | |
| Operating profit (loss) | 9901 | -€13,913 | €2,331 | +€16,245 | |
| Financial charges | 65/66B | €412 | €590 | +€178 | +43.2% |
| Recurring financial charges | 65 | €412 | €590 | +€178 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,325 | €1,741 | +€16,066 | |
| Income taxes | 67/77 | €206 | €293 | +€87 | +42.5% |
| Profit (loss) for the period | 9904 | -€14,531 | €1,448 | +€15,979 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,531 | €1,448 | +€15,979 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.