Borlinvest: 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.
Borlinvest
Largest movements
- Financial fixed assets -€2.0m
down €2.0m (-33.3%), from €6.0m to €4.0m
- Short-term financial debts -€2.0m
down €2.0m (-33.3%), from €6.0m to €4.0m
- Financial income -€36,132
down €36,132 (-35.9%), from €100,710 to €64,578
- Financial charges -€34,461
down €34,461 (-35.4%), from €97,466 to €63,005
- Gross operating margin -€271
down €271 (-12.3%), from -€2,192 to -€2,463
- Taxes -€252
down €252 (-100%), from €252 to €0
- Other operating charges +€52
up €52 (+41.3%), from €126 to €178
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 | €6,168,967 | €4,133,261 | -€2.0m | -33.0% |
| Fixed assets | 21/28 | €6,000,000 | €4,000,000 | -€2.0m | -33.3% |
| Financial fixed assets | 28 | €6,000,000 | €4,000,000 | -€2.0m | -33.3% |
| Current assets | 29/58 | €168,967 | €133,261 | -€35,707 | -21.1% |
| Amounts receivable within one year | 40/41 | €100,899 | €64,578 | -€36,321 | -36.0% |
| Trade receivables | 40 | €100,710 | €64,578 | -€36,132 | -35.9% |
| Other amounts receivable | 41 | €189 | €0 | -€189 | -100% |
| Cash at bank and in hand | 54/58 | €68,068 | €68,683 | +€614 | +0.9% |
| Total equity and liabilities | 10/49 | €6,168,967 | €4,133,261 | -€2.0m | -33.0% |
| Equity | 10/15 | €71,316 | €70,248 | -€1,068 | -1.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €9,816 | €9,816 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €3,666 | €3,666 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,068 | -€1,068 | |
| Amounts payable | 17/49 | €6,097,651 | €4,063,013 | -€2.0m | -33.4% |
| Amounts payable within one year | 42/48 | €6,097,651 | €4,063,013 | -€2.0m | -33.4% |
| Financial debts | 43 | €6,000,000 | €4,000,000 | -€2.0m | -33.3% |
| Other loans | 439 | €6,000,000 | €4,000,000 | -€2.0m | -33.3% |
| Trade debts | 44 | €97,038 | €62,400 | -€34,638 | -35.7% |
| Suppliers | 440/4 | €97,038 | €62,400 | -€34,638 | -35.7% |
| Taxes, remuneration and social security | 45 | €252 | €252 | = | 0.0% |
| Taxes | 450/3 | €252 | €252 | = | 0.0% |
| Other amounts payable | 47/48 | €361 | €361 | = | 0.0% |
| Other operating charges | 640/8 | €126 | €178 | +€52 | +41.3% |
| Gross operating margin | 9900 | -€2,192 | -€2,463 | -€271 | -12.3% |
| Operating profit (loss) | 9901 | -€2,318 | -€2,641 | -€323 | -13.9% |
| Financial income | 75/76B | €100,710 | €64,578 | -€36,132 | -35.9% |
| Recurring financial income | 75 | €100,710 | €64,578 | -€36,132 | -35.9% |
| Financial charges | 65/66B | €97,466 | €63,005 | -€34,461 | -35.4% |
| Recurring financial charges | 65 | €97,466 | €63,005 | -€34,461 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €925 | -€1,068 | -€1,994 | |
| Income taxes | 67/77 | €252 | €0 | -€252 | -100% |
| Profit (loss) for the period | 9904 | €673 | -€1,068 | -€1,742 | |
| Profit (loss) for the period to be appropriated | 9905 | €673 | -€1,068 | -€1,742 |
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 28 October 2026 via checked.be.