BORLOO: what changed
Two fiscal 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.
BORLOO
Largest movements
- Cash +€18,477
up €18,477 (+8.8%), from €209,706 to €228,183
mainly Net result for the year (+€19,386) and Receivables within one year (+€1,997)
- Reserves +€19,386
up €19,386 (+10.9%), from €177,280 to €196,666
- Tax, wage and social debts -€3,295
down €3,295 (-21.2%), from €15,520 to €12,225
- Gross operating margin -€5,647
down €5,647 (-15.6%), from €36,106 to €30,460
- Taxes -€1,753
down €1,753 (-14.9%), from €11,764 to €10,010
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.
Cash bridge derived
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 | €213,713 | €229,836 | +€16,122 | +7.5% |
| Fixed assets | 21/28 | €716 | €358 | -€358 | -50.0% |
| Tangible fixed assets | 22/27 | €716 | €358 | -€358 | -50.0% |
| Plant, machinery and equipment | 23 | €716 | €358 | -€358 | -50.0% |
| Current assets | 29/58 | €212,998 | €229,478 | +€16,480 | +7.7% |
| Amounts receivable within one year | 40/41 | €2,915 | €919 | -€1,997 | -68.5% |
| Trade receivables | 40 | €2,915 | €919 | -€1,997 | -68.5% |
| Cash at bank and in hand | 54/58 | €209,706 | €228,183 | +€18,477 | +8.8% |
| Deferred charges and accrued income | 490/1 | €376 | €376 | = | 0.0% |
| Total equity and liabilities | 10/49 | €213,713 | €229,836 | +€16,122 | +7.5% |
| Equity | 10/15 | €195,872 | €215,258 | +€19,386 | +9.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €177,280 | €196,666 | +€19,386 | +10.9% |
| Distributable reserves | 133 | €177,280 | €196,666 | +€19,386 | +10.9% |
| Amounts payable | 17/49 | €17,841 | €14,578 | -€3,264 | -18.3% |
| Amounts payable within one year | 42/48 | €17,841 | €14,578 | -€3,264 | -18.3% |
| Trade debts | 44 | €1,419 | €1,709 | +€290 | +20.4% |
| Suppliers | 440/4 | €1,419 | €1,709 | +€290 | +20.4% |
| Taxes, remuneration and social security | 45 | €15,520 | €12,225 | -€3,295 | -21.2% |
| Taxes | 450/3 | €15,520 | €12,225 | -€3,295 | -21.2% |
| Other amounts payable | 47/48 | €903 | €644 | -€259 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €358 | €358 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €612 | +€228 | +59.3% |
| Gross operating margin | 9900 | €36,106 | €30,460 | -€5,647 | -15.6% |
| Operating profit (loss) | 9901 | €35,364 | €29,489 | -€5,874 | -16.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €93 | €93 | +€0 | 0.0% |
| Recurring financial charges | 65 | €93 | €93 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €35,271 | €29,396 | -€5,875 | -16.7% |
| Income taxes | 67/77 | €11,764 | €10,010 | -€1,753 | -14.9% |
| Profit (loss) for the period | 9904 | €23,507 | €19,386 | -€4,121 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,507 | €19,386 | -€4,121 | -17.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.