BORJE: 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.
BORJE
Largest movements
- Receivables within one year -€16,165
down €16,165 (-10.3%), from €156,362 to €140,197
of which Trade receivables: -€19,095
- Tangible fixed assets -€10,875
down €10,875 (-25.2%), from €43,203 to €32,328
- Cash +€5,800
up €5,800 (+22.4%), from €25,902 to €31,703
mainly Trade debts (+€24,642) and Depreciation (+€21,875)
- Profit (loss) carried forward -€31,463
down €31,463 (-23.9%), from €131,842 to €100,379
- Trade debts +€24,642
up €24,642 (+74.3%), from €33,165 to €57,807
- Other debts -€16,853
down €16,853 (-99.5%), from €16,937 to €84
- Tax, wage and social debts +€2,435
up €2,435 (+10.0%), from €24,423 to €26,857
of which Remuneration and social security: +€1,462
- Gross operating margin -€90,294
down €90,294 (-52.1%), from €173,352 to €83,057
- Staff costs +€59,254
up €59,254 (+1,226%), from €4,833 to €64,087
- Taxes +€17,317
up €17,317 (+183%), from €9,450 to €26,767
- Depreciation +€4,986
up €4,986 (+29.5%), from €16,889 to €21,875
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,467 | €204,228 | -€21,239 | -9.4% |
| Fixed assets | 21/28 | €43,203 | €32,328 | -€10,875 | -25.2% |
| Tangible fixed assets | 22/27 | €43,203 | €32,328 | -€10,875 | -25.2% |
| Furniture and vehicles | 24 | €43,203 | €32,328 | -€10,875 | -25.2% |
| Current assets | 29/58 | €182,264 | €171,900 | -€10,365 | -5.7% |
| Amounts receivable within one year | 40/41 | €156,362 | €140,197 | -€16,165 | -10.3% |
| Trade receivables | 40 | €41,921 | €22,826 | -€19,095 | -45.5% |
| Other amounts receivable | 41 | €114,441 | €117,371 | +€2,930 | +2.6% |
| Cash at bank and in hand | 54/58 | €25,902 | €31,703 | +€5,800 | +22.4% |
| Total equity and liabilities | 10/49 | €225,467 | €204,228 | -€21,239 | -9.4% |
| Equity | 10/15 | €150,942 | €119,479 | -€31,463 | -20.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,842 | €100,379 | -€31,463 | -23.9% |
| Amounts payable | 17/49 | €74,525 | €84,749 | +€10,223 | +13.7% |
| Amounts payable within one year | 42/48 | €74,525 | €84,749 | +€10,223 | +13.7% |
| Trade debts | 44 | €33,165 | €57,807 | +€24,642 | +74.3% |
| Suppliers | 440/4 | €33,165 | €57,807 | +€24,642 | +74.3% |
| Taxes, remuneration and social security | 45 | €24,423 | €26,857 | +€2,435 | +10.0% |
| Taxes | 450/3 | €16,535 | €17,508 | +€972 | +5.9% |
| Remuneration and social security | 454/9 | €7,888 | €9,350 | +€1,462 | +18.5% |
| Other amounts payable | 47/48 | €16,937 | €84 | -€16,853 | -99.5% |
| Remuneration, social security and pensions | 62 | €4,833 | €64,087 | +€59,254 | +1,226% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,889 | €21,875 | +€4,986 | +29.5% |
| Other operating charges | 640/8 | €144 | €1,602 | +€1,458 | +1,014% |
| Gross operating margin | 9900 | €173,352 | €83,057 | -€90,294 | -52.1% |
| Operating profit (loss) | 9901 | €151,486 | -€4,506 | -€155,992 | |
| Financial charges | 65/66B | €397 | €190 | -€207 | -52.2% |
| Recurring financial charges | 65 | €397 | €190 | -€207 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | €151,089 | -€4,696 | -€155,785 | |
| Income taxes | 67/77 | €9,450 | €26,767 | +€17,317 | +183% |
| Profit (loss) for the period | 9904 | €141,639 | -€31,463 | -€173,102 | |
| Profit (loss) for the period to be appropriated | 9905 | €141,639 | -€31,463 | -€173,102 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.