BORLIX: 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.
What changed
BORLIX
NACE 10.910, Manufacture of food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€937,106
2024 · €1.8m-€818,886
Equity
€9.0m
2024 · €8.0m+€937,106
Cash
€1.2m
2024 · €1.6m-€392,540
Balance sheet total
€25.7m
2024 · €26.8m-€1.1m
Largest movements
Assets
- Tangible fixed assets -€2.1m
down €2.1m (-10.4%), from €20.0m to €17.9m
of which Plant, machinery and equipment: -€1.8m
- Receivables within one year +€1.2m
up €1.2m (+58.0%), from €2.0m to €3.2m
of which Trade receivables: +€1.2m
- Cash -€392,540
down €392,540 (-24.1%), from €1.6m to €1.2m
mainly Debts after one year (-€2.9m) and Receivables within one year (-€1.2m)
Equity and liabilities
- Debts after one year -€2.9m
down €2.9m (-18.0%), from €16.1m to €13.2m
of which Other amounts payable: -€1.8m
- Reserves +€937,106
up €937,106 (+14.1%), from €6.7m to €7.6m
of which Distributable reserves: +€831,856
- Trade debts +€867,381
up €867,381 (+71.1%), from €1.2m to €2.1m
Income statement
- Turnover -€5.1m
down €5.1m (-9.4%), from €53.7m to €48.6m
- Goods and materials -€4.6m
down €4.6m (-10.8%), from €42.5m to €37.9m
of which Purchases: -€4.1m
- Services and other goods +€710,927
up €710,927 (+13.6%), from €5.2m to €5.9m
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.
Result 2024
€1.8m
Turnover
-€5.1m
Other operating income
+€16,332
Goods and materials
+€4.6m
Services and other goods
-€710,927
Staff costs
-€13,276
Depreciation
+€19,262
Other operating charges
-€24,311
Financial income
+€6,855
Financial charges
+€85,429
Taxes
+€269,575
Result 2025
€937,106
raises the resultlowers the result
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.
From operations
+€2.7m
Investment
-€177,865
Financing
-€2.9m
Cash 2024
€1.6m
From operations (derived)
+€2.7m
Net result for the year
+€937,106
Depreciation
+€2.3m
Stocks and contracts
-€197,533
Receivables within one year
-€1.2m
Trade debts
+€867,381
Tax, wage and social debts
+€74,032
Accrued charges and deferred income
-€73,935
Investment (derived)
-€177,865
Investment in fixed assets (net)
-€177,865
Financing
-€2.9m
Debts after one year
-€2.9m
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,796,810 | €25,709,726 | -€1.1m | -4.1% |
| Fixed assets | 21/28 | €19,975,192 | €17,895,915 | -€2.1m | -10.4% |
| Tangible fixed assets | 22/27 | €19,975,192 | €17,895,915 | -€2.1m | -10.4% |
| Land and buildings | 22 | €7,170,951 | €6,863,594 | -€307,356 | -4.3% |
| Plant, machinery and equipment | 23 | €12,636,011 | €10,833,011 | -€1.8m | -14.3% |
| Furniture and vehicles | 24 | €168,230 | €199,310 | +€31,080 | +18.5% |
| Current assets | 29/58 | €6,821,618 | €7,813,811 | +€992,193 | +14.5% |
| Stocks and contracts in progress | 3 | €3,146,249 | €3,343,783 | +€197,533 | +6.3% |
| Stocks | 30/36 | €3,146,249 | €3,343,783 | +€197,533 | +6.3% |
| Goods purchased for resale | 34 | €3,146,249 | €3,343,783 | +€197,533 | +6.3% |
| Amounts receivable within one year | 40/41 | €2,048,079 | €3,235,278 | +€1.2m | +58.0% |
| Trade receivables | 40 | €2,041,462 | €3,228,661 | +€1.2m | +58.2% |
| Other amounts receivable | 41 | €6,617 | €6,617 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,627,290 | €1,234,750 | -€392,540 | -24.1% |
| Total equity and liabilities | 10/49 | €26,796,810 | €25,709,726 | -€1.1m | -4.1% |
| Equity | 10/15 | €8,035,835 | €8,972,941 | +€937,106 | +11.7% |
| Contributions | 10/11 | €1,375,000 | €1,375,000 | = | 0.0% |
| Capital | 10 | €1,375,000 | €1,375,000 | = | 0.0% |
| Issued capital | 100 | €1,375,000 | €1,375,000 | = | 0.0% |
| Reserves | 13 | €6,660,835 | €7,597,941 | +€937,106 | +14.1% |
| Non-distributable reserves | 130/1 | €137,500 | €137,500 | = | 0.0% |
| Legal reserve | 130 | €137,500 | €137,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €547,300 | €652,550 | +€105,250 | +19.2% |
| Distributable reserves | 133 | €5,976,035 | €6,807,891 | +€831,856 | +13.9% |
| Amounts payable | 17/49 | €18,760,975 | €16,736,785 | -€2.0m | -10.8% |
| Amounts payable after more than one year | 17 | €16,100,000 | €13,208,334 | -€2.9m | -18.0% |
| Financial debts | 170/4 | €12,800,000 | €11,733,334 | -€1.1m | -8.3% |
| Credit institutions | 173 | €12,800,000 | €11,733,334 | -€1.1m | -8.3% |
| Other amounts payable | 178/9 | €3,300,000 | €1,475,000 | -€1.8m | -55.3% |
| Amounts payable within one year | 42/48 | €2,449,018 | €3,390,431 | +€941,412 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €1,066,667 | €1,066,667 | = | 0.0% |
| Trade debts | 44 | €1,220,104 | €2,087,485 | +€867,381 | +71.1% |
| Suppliers | 440/4 | €1,220,104 | €2,087,485 | +€867,381 | +71.1% |
| Taxes, remuneration and social security | 45 | €162,248 | €236,279 | +€74,032 | +45.6% |
| Taxes | 450/3 | €49,819 | €120,836 | +€71,017 | +143% |
| Remuneration and social security | 454/9 | €112,429 | €115,443 | +€3,015 | +2.7% |
| Accrued charges and deferred income | 492/3 | €211,956 | €138,021 | -€73,935 | -34.9% |
| Operating income | 70/76A | €53,686,638 | €48,632,844 | -€5.1m | -9.4% |
| Turnover | 70 | €53,668,099 | €48,597,973 | -€5.1m | -9.4% |
| Other operating income | 74 | €18,539 | €34,870 | +€16,332 | +88.1% |
| Operating charges | 60/66A | €50,973,704 | €47,100,655 | -€3.9m | -7.6% |
| Goods for resale, raw materials and consumables | 60 | €42,526,532 | €37,924,231 | -€4.6m | -10.8% |
| Purchases | 600/8 | €42,254,449 | €38,121,764 | -€4.1m | -9.8% |
| Change in stocks: decrease (increase) | 609 | €272,084 | -€197,533 | -€469,617 | |
| Services and other goods | 61 | €5,217,790 | €5,928,718 | +€710,927 | +13.6% |
| Remuneration, social security and pensions | 62 | €907,923 | €921,200 | +€13,276 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,276,403 | €2,257,141 | -€19,262 | -0.8% |
| Other operating charges | 640/8 | €45,054 | €69,365 | +€24,311 | +54.0% |
| Operating profit (loss) | 9901 | €2,712,934 | €1,532,189 | -€1.2m | -43.5% |
| Financial income | 75/76B | €608 | €7,463 | +€6,855 | +1,127% |
| Recurring financial income | 75 | €608 | €7,463 | +€6,855 | +1,127% |
| Other financial income | 752/9 | €608 | €7,463 | +€6,855 | +1,127% |
| Financial charges | 65/66B | €364,168 | €278,738 | -€85,429 | -23.5% |
| Recurring financial charges | 65 | €364,168 | €278,738 | -€85,429 | -23.5% |
| Debt charges | 650 | €356,939 | €269,705 | -€87,234 | -24.4% |
| Other financial charges | 652/9 | €7,229 | €9,033 | +€1,805 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €2,349,375 | €1,260,914 | -€1.1m | -46.3% |
| Income taxes | 67/77 | €593,383 | €323,808 | -€269,575 | -45.4% |
| Taxes | 670/3 | €593,383 | €323,808 | -€269,575 | -45.4% |
| Profit (loss) for the period | 9904 | €1,755,992 | €937,106 | -€818,886 | -46.6% |
| Transfer to tax-exempt reserves | 689 | €421,000 | €105,250 | -€315,750 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,334,992 | €831,856 | -€503,136 | -37.7% |
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 15 October 2026 via checked.be.